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.
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.
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.
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.
Fly Sydney to London return
212,000 points
Fly Sydney to Melbourne one-way
-
$100 Giftcard
22,225 points
$100 Cash
25,000 points
1 point per dollar on Visa, up to $1,000 per month, then
0.5 points per dollar on Visa, uncapped
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.
Receive 50,000 bonus Reward Points if you spend $1,000 on eligible purchase in the first 3 months.
Spend $38,000 (Visa)
Spend $32,450 (Visa)
Spend $412,000 (Visa)
Uncapped
36 months
How do we calculate these points?
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.
20.24% p.a.
none
No current offer
none
20.24% p.a.
55
$80.00
none
none
$0.00
$20.00
2%
3.00%
$0.00
$0.00
$65.00
$25.00
2.0
3
none
Apple Pay, Google Pay, Samsung Pay, Garmin, Fitbit
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 reviewAlways 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.
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 reviewGreat 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.
Love this bank and have been a customer for over 40 years, they have never let me down.
Read full reviewLove this bank and have been a customer for over 40 years, they have never let me down.
Avoid them at all cost.
Read full reviewAvoid them at all cost.
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 reviewDecent 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.
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
First
20.24% p.a.
0% p.a. for 18 months and then 20.24% p.a. (2.00% balance transfer fee)
$30
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
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
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
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
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
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 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 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
Qantas Discovery Card
20.74% p.a.
No current offer
$0
Qantas Frequent Flyer
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
Qantas Discovery Card
Qantas Frequent Flyer
$0
No current offer
0.75 points uncapped
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
Qantas Platinum Mastercard
Qantas Frequent Flyer
$160
30,000
0.75 points up to $2,500/month, then
0.3 points uncapped
St.George
Amplify Platinum
Qantas Frequent Flyer
$99
70,000
0.5 points uncapped
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
Amplify Platinum
Amplify Rewards
$99 $0 in the first year
No current offer
1 point uncapped
American Express
Velocity Escape Card
Velocity Frequent Flyer
$0
No current offer
0.75 points uncapped
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
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
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
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 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
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
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
Zero Platinum Mastercard
2.99% p.a. for 9 months and then 17.99% p.a.
17.99% p.a.
$0
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
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
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
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
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
Vertigo Platinum
12.99% p.a.
6.99% p.a. for 12 months and then 21.49% p.a.
$99
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
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
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
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
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
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 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
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
Vertigo Platinum
12.99% p.a.
6.99% p.a. for 12 months and then 21.49% p.a.
$99
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
