Purchase rate
20.24% p.a.
Balance transfer rate
No current offer
Annual fees
$80
Interest free days on purchases
55
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Mozo editorial review ANZ Rewards

Last updated: 20 October 2020.

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What's hot
  • 50,000 bonus Reward Points when you spend $1,000 on eligible purchase in the first 3 months
  • Uncapped points
  • 55 interest free days on purchases
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 50,000 bonus Reward Points when you spend $1,000 on eligible purchases in the first 3 months, just keep in mind there is an $80 annual fee to consider.

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Key features

The ANZ Rewards Card has a standard purchase rate of 20.24% so be diligent about paying your balance off in full each statement period. 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 Reward Point per dollar on your first $1,000 spend each statement period, then 0.5 points uncapped after that. You can transfer your Reward Points direct to airline frequent flyers programs or redeem them 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 they 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 $1,000 within the first 3 months you'll also score 50,000 bonus Rewards Points. What's not to like?

The usual penalties apply for late payments ($20) and keep in mind, eligibility criteria, T&Cs, fees and charges apply.


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Who is it good for

This is a rewards card for the card holder that likes to have options with how to use their points. To qualify, you'll need to be 18 or over, and be a permanent Australian resident or a non-permanent resident with more than 9 months remaining on your Visa.


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Any catches

Reward Points expire after 36 months of the 31 December of the year the points were accrued. So if you are saving up 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 24 November 2020. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
What your points get you

Fly Sydney to London return

212,000 points

Fly Sydney to Melbourne one-way

-

$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 Air New Zealand, KrisFlyer or Cathay Pacific Asia Miles.

Earn bonus points at over 30 bonus partners.

Special offers

Receive 50,000 bonus Reward Points if you spend $1,000 on eligible purchase in the first 3 months.

Value of rewards points

Spend $38,000 (Visa)

Spend $32,450 (Visa)

Spend $412,000 (Visa)

Uncapped

36 months

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.

Close

Rate and fee details

Rates
  • 20.24% p.a.

  • none

  • No current offer

  • none

  • 20.24% p.a.

  • 55

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?

Overall
6.7/10

Based on 6217 ANZ credit card reviews

Price
5.7/10
Features
5.9/10
Customer service
6.7/10
Convenience
7.5/10
Trust
6.9/10

Latest reviews of ANZ Rewards

  • Overall 8/10
    Serves my needs.

    Always a bit of a fiddle when you get them on the phone. I always forget what month they add the annual fee and they do it right at the end of the month, so it always takes me by surprise and on occasion has pushed me over my limit. Other than that they are good.

    Read full review

    Always a bit of a fiddle when you get them on the phone. I always forget what month they add the annual fee and they do it right at the end of the month, so it always takes me by surprise and on occasion has pushed me over my limit. Other than that they are good.

    Price
    7/10
    Features
    8/10
    Customer service
    7/10
    Convenience
    7/10
    Trust
    8/10
    Less
    Danick, New South Wales reviewed 5 months ago
  • Overall 8/10
    Great Customer Service from Staff at Somerville

    Great bank to deal with but had a bit of a problem with our home loan. Missing documents (almost lost our contract with our builder), then loans officer went on holidays and file went missing. Thanks to Manager at Somerville all was sorted and very happy in the end for their assistance.

    Read full review

    Great bank to deal with but had a bit of a problem with our home loan. Missing documents (almost lost our contract with our builder), then loans officer went on holidays and file went missing. Thanks to Manager at Somerville all was sorted and very happy in the end for their assistance.

    Price
    10/10
    Features
    10/10
    Customer service
    8/10
    Convenience
    10/10
    Trust
    8/10
    Less
    Lorraine, Victoria reviewed 6 months ago
  • Overall 9/10
    Friendly and personalised service.

    Love this bank and have been a customer for over 40 years, they have never let me down.

    Read full review

    Love this bank and have been a customer for over 40 years, they have never let me down.

    Price
    10/10
    Features
    10/10
    Customer service
    4/10
    Convenience
    10/10
    Trust
    10/10
    Less
    Faye, Victoria reviewed 7 months ago
  • Overall 0/10
    Avoid at all cost

    Avoid them at all cost.

    Read full review

    Avoid them at all cost.

    Price
    0/10
    Features
    0/10
    Customer service
    0/10
    Convenience
    0/10
    Trust
    0/10
    Less
    Aaron, Queensland reviewed 7 months ago
  • Overall 10/10
    Nice rewards, reasonably low fees

    Decent options for redemption of rewards points. Option of setting up automatic redemptions too like gift cards. Great for people that pay off in full each month.

    Read full review

    Decent options for redemption of rewards points. Option of setting up automatic redemptions too like gift cards. Great for people that pay off in full each month.

    Price
    10/10
    Features
    10/10
    Customer service
    -1/10
    Convenience
    10/10
    Trust
    10/10
    Less
    Dianne, South Australia reviewed 7 months ago
ANZ

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.

See ANZ credit cards

ANZ

ANZ

First

20.24% p.a.

0% p.a. for 18 months and then 20.24% p.a. (2.00% balance transfer fee)

$30

ANZ

ANZ

Low Rate

12.49% p.a.

0% p.a. for 25 months and then 20.24% p.a. (1.50% balance transfer fee)

$58 $0 in the first year

ANZ

ANZ

Platinum

0% p.a. for 17 months then 20.24% p.a.

No current offer

$87 $0 when you spend over $20,000 p.a, $0 in the first year

ANZ

ANZ

Frequent Flyer

20.24% p.a.

No current offer

$95

ANZ

ANZ

Frequent Flyer Platinum

20.24% p.a.

No current offer

$295

ANZ

ANZ

Rewards Platinum

20.24% p.a.

No current offer

$95

ANZ

ANZ

Rewards Black

20.24% p.a.

No current offer

$375

ANZ

ANZ

Frequent Flyer Black

20.24% p.a.

No current offer

$425

Westpac

Westpac

Low Rate

13.74% p.a.

0% p.a. for 24 months and then 21.49% p.a. (1.00% balance transfer fee)

$59

St.George

St.George

Vertigo

0% p.a. for 7 months then 13.99% p.a.

0% p.a. for 22 months and then 21.49% p.a. (1.50% balance transfer fee)

$55 $0 in the first year

CUA

CUA

Low Rate Credit Card

11.99% p.a.

0% p.a. for 20 months and then 21.74% p.a.

$49 $0 in the first year

Defence Bank

Defence Bank

Foundation Credit Card

3.99% p.a. for 6 months then 8.99% p.a.

3.99% p.a. for 6 months and then 8.99% p.a.

$45

Virgin Money

Virgin Money

Virgin Australia Velocity Flyer Card - Balance Transfer Offer

20.74% p.a.

0% p.a. for 22 months and then 20.99% p.a.

$129 $64 in the first year

Velocity Frequent Flyer

Qantas Money

Qantas Money

Qantas Premier Platinum

19.99% p.a.

0% p.a. for 18 months and then 21.99% p.a. (1.00% balance transfer fee)

$299 $199 in the first year

Qantas Frequent Flyer

American Express

American Express

Qantas Discovery Card

20.74% p.a.

No current offer

$0

Qantas Frequent Flyer

ANZ

ANZ

Low Rate

12.49% p.a.

0% p.a. for 25 months and then 20.24% p.a. (1.50% balance transfer fee)

$58 $0 in the first year

American Express

American Express

Qantas Discovery Card

Qantas Frequent Flyer

$0

No current offer

0.75 points uncapped

Qantas Money

Qantas Money

Qantas Premier Platinum

Qantas Frequent Flyer

$299 $199 in the first year

100,000

1 point up to $10,000/month, then
0.5 points uncapped

Bankwest

Bankwest

Qantas Platinum Mastercard

Qantas Frequent Flyer

$160

30,000

0.75 points up to $2,500/month, then
0.3 points uncapped

St.George

St.George

Amplify Platinum

Qantas Frequent Flyer

$99

70,000

0.5 points uncapped

Suncorp

Suncorp

Clear Options Platinum

Suncorp Rewards

$129

100,000

1.25 points uncapped

Citi

Citi

Rewards - e-voucher Offer

Citi Rewards Program

$199 $99 in the first year

No current offer

1 point up to $10,000/month

Bank of Melbourne

Bank of Melbourne

Amplify Platinum

Amplify Rewards

$99 $0 in the first year

No current offer

1 point uncapped

American Express

American Express

Velocity Escape Card

Velocity Frequent Flyer

$0

No current offer

0.75 points uncapped

St.George

St.George

Vertigo

0% p.a. for 22 months and then 21.49% p.a. (1.50% balance transfer fee)

0% p.a. for 7 months then 13.99% p.a.

$55 $0 in the first year

Westpac

Westpac

Low Rate

0% p.a. for 24 months and then 21.49% p.a. (1.00% balance transfer fee)

13.74% p.a.

$59

CUA

CUA

Low Rate Credit Card

0% p.a. for 20 months and then 21.74% p.a.

11.99% p.a.

$49 $0 in the first year

ANZ

ANZ

First

0% p.a. for 18 months and then 20.24% p.a. (2.00% balance transfer fee)

20.24% p.a.

$30

Qantas Money

Qantas Money

Qantas Premier Platinum

0% p.a. for 18 months and then 21.99% p.a. (1.00% balance transfer fee)

19.99% p.a.

$299 $199 in the first year

Qantas Frequent Flyer

Citi

Citi

Clear Credit Card

0.90% p.a. for 15 months and then 22.24% p.a.

0.90% p.a. for 15 months then 14.99% p.a.

$99

Bank of Melbourne

Bank of Melbourne

Vertigo

0% p.a. for 22 months and then 21.49% p.a. (1.50% balance transfer fee)

0% p.a. for 7 months then 13.99% p.a.

$55 $0 in the first year

Bankwest

Bankwest

Zero Platinum Mastercard

2.99% p.a. for 9 months and then 17.99% p.a.

17.99% p.a.

$0

Westpac

Westpac

Low Rate

13.74% p.a.

0% p.a. for 24 months and then 21.49% p.a. (1.00% balance transfer fee)

$59

St.George

St.George

Vertigo

0% p.a. for 7 months then 13.99% p.a.

0% p.a. for 22 months and then 21.49% p.a. (1.50% balance transfer fee)

$55 $0 in the first year

Defence Bank

Defence Bank

Foundation Credit Card

3.99% p.a. for 6 months then 8.99% p.a.

3.99% p.a. for 6 months and then 8.99% p.a.

$45

CUA

CUA

Low Rate Credit Card

11.99% p.a.

0% p.a. for 20 months and then 21.74% p.a.

$49 $0 in the first year

NAB

NAB

Low Rate Card

12.99% p.a.

0% p.a. for 20 months and then 21.74% p.a. (2.00% balance transfer fee)

$59

Bank of Melbourne

Bank of Melbourne

Vertigo Platinum

12.99% p.a.

6.99% p.a. for 12 months and then 21.49% p.a.

$99

ANZ

ANZ

Low Rate

12.49% p.a.

0% p.a. for 25 months and then 20.24% p.a. (1.50% balance transfer fee)

$58 $0 in the first year

Citi

Citi

Clear Credit Card

0.90% p.a. for 15 months then 14.99% p.a.

0.90% p.a. for 15 months and then 22.24% p.a.

$99

Westpac

Westpac

Low Rate

13.74% p.a.

0% p.a. for 24 months and then 21.49% p.a. (1.00% balance transfer fee)

$59

St.George

St.George

Vertigo

0% p.a. for 7 months then 13.99% p.a.

0% p.a. for 22 months and then 21.49% p.a. (1.50% balance transfer fee)

$55 $0 in the first year

CUA

CUA

Low Rate Credit Card

11.99% p.a.

0% p.a. for 20 months and then 21.74% p.a.

$49 $0 in the first year

Defence Bank

Defence Bank

Foundation Credit Card

3.99% p.a. for 6 months then 8.99% p.a.

3.99% p.a. for 6 months and then 8.99% p.a.

$45

Qantas Money

Qantas Money

Qantas Premier Platinum

19.99% p.a.

0% p.a. for 18 months and then 21.99% p.a. (1.00% balance transfer fee)

$299 $199 in the first year

ANZ

ANZ

Low Rate

12.49% p.a.

0% p.a. for 25 months and then 20.24% p.a. (1.50% balance transfer fee)

$58 $0 in the first year

St.George

St.George

Vertigo Platinum

12.99% p.a.

6.99% p.a. for 12 months and then 21.49% p.a.

$99

NAB

NAB

Low Rate Card

12.99% p.a.

0% p.a. for 20 months and then 21.74% p.a. (2.00% balance transfer fee)

$59