ANZ Rewards
ANZ Rewards
Mozo Review ANZ Rewards Review
Last updated: 17 October 2018.
What's hot:
25,000 bonus rewards points when spend $1,500 on eligible purchase in the first 3 months
Uncapped points
What's not:
Points expire after 36 months
Mozo snapshot:
The ANZ Rewards credit card is a great all round rewards card offering cardholders the option to redeem their points for flights, travel, gift cards and merchandise. You can also bag 25,000 bonus rewards points when spend $1,500 on eligible purchase in the first 3 months, just keep in mind there is an $80 annual fee to consider.
Key features:
The ANZ Rewards Card has a standard purchase rate of 18.79% so be diligent about paying your balance off in full each month. There is an $80 annual fee which comprises of a $25 annual account fee and a $55 rewards program services fee.
As for rewards, you'll earn 1 point per dollar on your first $1,000 spend in a month, then 0.5 points uncapped after that. You can transfer your points direct to airline frequent flyers programs or redeem points for a range of rewards including gift cards, merchandise or shopping rewards. There is no cap on the amount of points you can earn each year but be mindful that points will expire after 36 months.
If you plan to use your card overseas or with overseas retailers you will have to pay a 3% foreign currency conversion charge on every purchase.
Additional benefits of this card include exclusive offers via Visa Entertainment, and if you spend $1,500 within the first 3 months you'll also score 25,000 bonus Rewards Points. What's not to like?
The usual penalties apply for late payments ($20).
Keep in mind, eligibility criteria, T&Cs, fees and charges apply.
Who it's good for:
This is a rewards card for the card holder that likes to have options with how to spend their rewards.
Any catches?
Points expire after 36 months so if you are saving up the points for that extended overseas holiday, you'll need to spend up big to get enough points in time or transfer them across to an airline program that you can then redeem for a flight later on when you are ready to travel.
Rewards program details
Rates and fees information correct as at 17 October 2018.
What your points get you
Fly Sydney to London
239,200 points
Fly Sydney to Melbourne
15,600 points
$100 Giftcard
22,225 points
$100 Cash
25,000 points
Points earning
1 point per dollar on Visa, up to $1,000 per month, then
0.5 points per dollar on Visa, uncapped
Rewards scheme
Transfer points to a range of airline programs or redeem your points for travel, gift cards, retail rewards and shopping gift cards.
You can get flights via Velocity, Air New Zealand or KrisFlyer.
Earn bonus points at over 30 bonus partners.
Special offers
Receive 25,000 bonus Reward Points when you spend $1,500 on eligible purchase in the first 3 months.
Value of rewards points
Spend $38,000 (Visa)
Spend $32,450 (Visa)
Spend $19,200 (Visa)
Spend $466,400 (Visa)
Uncapped
36 months
How do we calculate these points?
How do we calculate the rewards?
To work out the "Rewards value minus fees" in our Rewards Revealer we:
calculate how many points you'd get each year,
figure out how many flights or gift cards or cashback credits you could get for those points,
work out what that's actually worth to you,
take off the annual fee you'd pay.
More details:
Our calculations are designed to help you compare the value of different rewards schemes. To do this, we've looked at earning a one-way Sydney-Melbourne flight excluding taxes and charges, a return Sydney-London flight excluding taxes and charges, a $100 shopping Gift Card and $100 cashback. Most cards will also offer other rewards, which may be worth more or less than the ones we've shown.
We have made no allowance for bonus points for using your card at specific merchants, introductory offers or special offers. We have not assigned any value to instant discounts, insurances, ticketing and concierge services or other such benefits.
Rewards value calculations do not take credit card interest into account. If you do not pay off your card each month you may be better off looking for a card based on interest rates than on the value of rewards.
In products that have more than one card, a different mix of spend between American Express / Visa / Mastercard will give different results. Mozo's Rewards Revealer lets you choose the mix based on the way you would use such a product, and gives you tailored results.
We assume flights purchased with airline points are 'classic' or 'reward' economy seats with restricted seat availability. 'Any seat' rewards will probably cost more.
To compare the value of flight rewards, we sample online retail flight prices once a quarter based on the average price on a Wednesday 3 months in advance but outside NSW school holidays. For domestic flights we take the lowest available fare from each flight on that day from Qantas Red e-deal, Virgin Australia Saver including baggage and Jetstar Starter including baggage. We calculate the average price excluding taxes and surcharges for each airline, and also the average across all airlines (which we use when rewards are travel agent vouchers). For international flights, we take the lowest available fares on that same Wednesday from each of Qantas, Emirates, Malaysian, Etihad, Singapore, Cathay Pacific and Thai, assuming a return flight 2 weeks later, calculate the average price before taxes and surcharges and use this as our assumed cost of a flight on any airline.
Shopping rewards are based on $100 gift cards from a major national department store.
We make every effort to ensure our calculations are correct and up to date but make no guarantees.
Rate and fee details
Rates
-
18.79% p.a.
-
none
-
No current offer
-
none
-
20.99% p.a.
-
44
Fees
-
$80.00
-
none
-
none
-
$0.00
-
$20.00
-
2%
-
3.00%
-
$0.00
-
$0.00
-
$65.00
Features
-
$25.00
-
2.0
-
3
-
none
Payment options
Apple Pay, Google Pay, Samsung Pay, Garmin, Fitbit
Customer Reviews
How are ANZ credit cards rated by the Mozo community?
Latest reviews of ANZ Rewards
- Overall10/10
Great
Thanks, everything is just great.
Read full review
Thanks, everything is just great.
Price10/10Features10/10Customer service10/10Convenience10/10Trust10/10Less
Tuakanakore | South Australia
reviewed 7 months ago
- Overall6/10
Convenient
Reliable
Read full review
Reliable
Price5/10Features5/10Customer service5/10Convenience8/10Trust7/10Less
Sharon | Western Australia
reviewed 8 months ago
- Overall10/10
Good customer service assistance.
Accessible branch to bank - Plumpton Market.
Read full review
Accessible branch to bank - Plumpton Market.
Price-1/10Features-1/10Customer service10/10Convenience10/10Trust10/10Less
Natividad | New South Wales
reviewed 8 months ago
- Overall9/10
Dependable trusted bank
Dependable. Trusted bank.
Read full review
Dependable. Trusted bank.
Price9/10Features-Customer service-Convenience-Trust-Less
Jean | Queensland
reviewed over 1 year ago
- Overall10/10
Aware of people, not just profits
I've found that their lending policies are responsible toward customers, rather than predatory....
Read full review
I've found that their lending policies are responsible toward customers, rather than predatory. The rates are reasonable, the security for online banking is also great, service is friendly but not intrusive. While I'd like them to take a really proactive stand on divesting from fossil fuels, Unlike Westpac they have considered public concerns and are open to persuasion.
Price10/10Features-Customer service-Convenience-Trust-Less
Jennie | Victoria
reviewed over 1 year ago
About ANZ
ANZ is one of the largest companies in Australia and New Zealand, with a history that stretches back over 170 years. The bank offers a range of banking and financial products to more than 5.7 million retail customers, including home loans, credit cards and debit cards, personal loans, savings and banking accounts and personal insurance. And now, with its new mobile banking application, ANZ App, it's easier to do banking on the go.
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