ANZ Rewards

20.24% p.a.

No current offer

$80

ANZ Rewards

ANZ Rewards

20.24% p.a.

No current offer

$80

ANZ Rewards

Mozo Review   ANZ Rewards Review

Last updated: 4 December 2019.

What's hot:
  • 50,000 bonus Reward Points when you spend $1,000 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 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.

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 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 Reward Point per dollar on your first $1,000 spend in a month, 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.


Who it's 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.


Any catches?

Reward Points expire after 36 months 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 7 April 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

239,200 points

Fly Sydney to Melbourne one-way

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, 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 $19,200 (Visa)

Spend $466,400 (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 customer rating
6.7/10

Based on 6141 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 7/10
    Good rewards card.

    Good product to get rewards and the range of rewards is broad.

    Read full review

    Good product to get rewards and the range of rewards is broad.

    Price
    6/10
    Features
    8/10
    Customer service
    -1/10
    Convenience
    10/10
    Trust
    7/10
    Less
    Eleanor, Victoria reviewed 4 months ago
  • Overall 8/10
    They are trustworthy

    Very confident with ANZ bank.

    Read full review

    Very confident with ANZ bank.

    Price
    5/10
    Features
    4/10
    Customer service
    8/10
    Convenience
    7/10
    Trust
    7/10
    Less
    Yvonne, Western Australia reviewed about 1 year ago
  • Overall 1/10
    Crummy interest rates.

    Credit card interest rates are a rip-off. Would be ecstatic if I didn't have to live with them!

    Read full review

    Credit card interest rates are a rip-off. Would be ecstatic if I didn't have to live with them!

    Price
    1/10
    Features
    2/10
    Customer service
    3/10
    Convenience
    5/10
    Trust
    1/10
    Less
    Armand, Victoria reviewed over 1 year ago
  • Overall 10/10
    Great

    Thanks, everything is just great.

    Read full review

    Thanks, everything is just great.

    Price
    10/10
    Features
    10/10
    Customer service
    10/10
    Convenience
    10/10
    Trust
    10/10
    Less
    Tuakanakore, South Australia reviewed about 2 years ago
  • Overall 6/10
    Convenient

    Reliable

    Read full review

    Reliable

    Price
    5/10
    Features
    5/10
    Customer service
    5/10
    Convenience
    8/10
    Trust
    7/10
    Less
    Sharon, Western Australia reviewed about 2 years 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

Promoted

American Express

American Express

Qantas Ultimate Card

20.74% p.a.

No current offer

$450

Qantas Frequent Flyer

Promoted

ING

ING

Orange One Credit Card

11.99% p.a.

No current offer

$0

Promoted

CUA

CUA

Low Rate Credit Card

11.99% p.a.

0% p.a. for 18 months and then 21.74% p.a.

$49 $0 in the first year

Promoted

American Express

American Express

Qantas Discovery Card

20.74% p.a.

No current offer

$0

Qantas Frequent Flyer

Promoted

Heritage Bank

Heritage Bank

Gold Low Rate

10.80% p.a.

No current offer

$0

Promoted

ING

ING

Orange One Platinum Credit Card

16.99% p.a.

No current offer

$149

Cashback Rewards

Promoted

Bankwest

Bankwest

Zero Platinum Mastercard

17.99% p.a.

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

$0

Promoted

American Express

American Express

Velocity Escape Card

20.74% p.a.

No current offer

$0

Velocity Frequent Flyer

Promoted

American Express

American Express

Qantas Ultimate Card

Qantas Frequent Flyer

$450

100,000

1.25 points uncapped

Promoted

CUA

CUA

Platinum Credit Card

Life Rich Rewards

$149 $0 in the first year

No current offer

1 point up to 100,000 points/year

Promoted

ING

ING

Orange One Platinum Credit Card

Cashback Rewards

$149

No current offer

1 point up to $3,000/month

Promoted

American Express

American Express

Qantas Discovery Card

Qantas Frequent Flyer

$0

No current offer

0.75 points uncapped

Promoted

Heritage Bank

Heritage Bank

Platinum

Heritage Credits

$125 $0 when you spend over $35,000 p.a

No current offer

0.002 points uncapped

Promoted

American Express

American Express

Velocity Platinum Card

Velocity Frequent Flyer

$375

50,000

1.25 points uncapped

Promoted

American Express

American Express

Velocity Escape Card

Velocity Frequent Flyer

$0

No current offer

0.75 points uncapped

Promoted

American Express

American Express

Explorer Credit Card

Membership Rewards

$395

50,000

2 points uncapped

Promoted

CUA

CUA

Low Rate Credit Card

11.99% p.a.

0% p.a. for 18 months and then 21.74% p.a.

$49 $0 in the first year

Promoted

Bankwest

Bankwest

Zero Platinum Mastercard

17.99% p.a.

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

$0

Promoted

Bank First

Bank First

Visa Classic Credit Card

0% p.a. for 6 months then 12.54% p.a.

0% p.a. for 6 months and then 12.54% p.a.

$0

Promoted

Suncorp

Suncorp

Clear Options Platinum

0% p.a. for 14 months then 20.74% p.a.

0% p.a. for 14 months and then 21.99% p.a.

$129 $49 in the first year

Suncorp Rewards

Promoted

Virgin Money

Virgin Money

Virgin Australia Velocity Flyer Card - Purchase Rate Offer

0% p.a. for 14 months then 20.74% p.a.

0% p.a. for 6 months and then 20.99% p.a.

$129 $64 in the first year

Velocity Frequent Flyer

Promoted

Credit Union SA

Credit Union SA

Education Community Credit Card

0% p.a. for 6 months then 9.99% p.a.

0% p.a. for 6 months and then 9.99% p.a.

$0

Promoted

ING

ING

Orange One Credit Card

11.99% p.a.

No current offer

$0

Promoted

CUA

CUA

Low Rate Credit Card

11.99% p.a.

0% p.a. for 18 months and then 21.74% p.a.

$49 $0 in the first year

Promoted

Heritage Bank

Heritage Bank

Gold Low Rate

10.80% p.a.

No current offer

$0

Promoted

Credit Union SA

Credit Union SA

Education Community Credit Card

0% p.a. for 6 months then 9.99% p.a.

0% p.a. for 6 months and then 9.99% p.a.

$0

Promoted

Bendigo Bank

Bendigo Bank

Low Rate Mastercard

11.99% p.a.

0% p.a. for 18 months and then 11.99% p.a. (2.00% balance transfer fee)

$45

Promoted

Credit Union SA

Credit Union SA

Visa Credit Card

10.49% p.a.

0% p.a. for 6 months and then 10.49% p.a.

$39

Promoted

Bendigo Bank

Bendigo Bank

Low Rate Platinum Mastercard

11.99% p.a.

0% p.a. for 6 months and then 11.99% p.a.

$89

Promoted

ING

ING

Orange One Credit Card

11.99% p.a.

No current offer

$0

Promoted

CUA

CUA

Low Rate Credit Card

11.99% p.a.

0% p.a. for 18 months and then 21.74% p.a.

$49 $0 in the first year

Promoted

Heritage Bank

Heritage Bank

Gold Low Rate

10.80% p.a.

No current offer

$0

Promoted

ING

ING

Orange One Platinum Credit Card

16.99% p.a.

No current offer

$149

Promoted

Bankwest

Bankwest

Zero Platinum Mastercard

17.99% p.a.

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

$0

Promoted

Heritage Bank

Heritage Bank

Platinum

16.99% p.a.

No current offer

$125 $0 when you spend over $35,000 p.a

Promoted

Credit Union SA

Credit Union SA

Education Community Credit Card

0% p.a. for 6 months then 9.99% p.a.

0% p.a. for 6 months and then 9.99% p.a.

$0

Promoted

Bendigo Bank

Bendigo Bank

Low Rate Mastercard

11.99% p.a.

0% p.a. for 18 months and then 11.99% p.a. (2.00% balance transfer fee)

$45