During the last 15 years or more we have held business & personal bank accounts with ANZ. During this time we have repaid 1.3 million in ANZ bank debt, the majority in the last 6 years. We have no bank debt, have 6 properties, pay our taxes on time and in full, have never requested extensions for tax repayment, always pay our current credit card with NAB limit of $60,000 by due date. Requested an ANZ rewards black credit card with $60,000 limit but were granted one with limit of $14,000. The Indian call centre would not budge on this because that’s what his computer told him was our limit! The local credit guru said the same thing. I said you will lend money to celebrity chefs who take their bank down by $10 million but a business with a 30 year history of good management & no debt gets knocked back! I said your job should be made redundant as a computer can do it equally successfully. The world is a funny place! Perhaps no free meals or hob nobbing with the right people!
We use our card for all our everyday purchases and pay the full balance on the due date. We don’t pay any interest and because of the amount we spent we don’t pay an annual fee. The rewards are pretty good.
Mozo may receive a payment from financial providers listed on the site. Customer reviews are in no way affected by any commercial relationships Mozo has with providers. Reviewers may receive a voucher from Mozo in exchange for their review. Vouchers are given to all reviewers who meet our review guidelines regardless of the sentiment of their reviews.
Credit card comparisons on Mozo - rates updated daily
**Saving based on the average difference in fees and charges over 3 years between the most competitive product Mozo can refer a consumer to and the average credit card product input by 6,863 consumers (average balance of $4,262 or balance transfer balance of $5,818, interest rate of 19.6% and annual fee of $36.50) who used the Mozo Credit Card Health Check tool between 1 January 2012 to July 2012.
Want more? Compare all 219 credit cards in the Mozo comparison engine.
Mozo gives you the inside story on the best banking, energy and insurance products as rated by thousands of real customers around Australia. We don't make subjective judgments, nor do advertisers influence our ratings. Although our reviews may be moderated to improve quality standards, they are moderated independently of any of Mozo’s commercial relationships.