I prefer banking with ANZ because their online banking is so easy to use. I have a personal and business account with ANZ and the rates are so afforable. I use an ANZ rewards credit card and I have gained so many gift cards! I cannot recommend ANZ enough.
I like the Frequent Flyer Qantas Visa card from ANZ because it earns me 1.5 points per dollar with a minimum limit of $6000. I'd have gotten the black card, but the minimum limit is $15k so to minimise my liabilities I've had to choose the Platinum card, but with also sacrifice the higher earning rate.
There is really not much to dislike about this card if you travel a few times a year and are able to pay it off in full before the due date. It includes travel insurance, a return flight to a destination in Australia and the Virgin Lounge passes have opened my eyes to the benefits of airport lounges. The rewards program often has got me enough points to score a second seat on a flight. If you don't travel often or don't use a credit card for your every day spending to collect points, then the annual fee may not make it worth it. I'm not sure what the interest rate is like, I have a vague memory it was higher than some other cards, but if you are like me and pay the card off in full every fortnight, the interest rate is of no consequence since I never pay interest.
They looked after me before I went on a huge overseas trip last year. They hooked me up with a travel adventures rewards card, which comes with free international travel insurance and zero exchange fees on overseas purchases. Yes you need to spend a lot in the first month to qualify for all the freebies, but I used it to book my flights which got me over the threshold. I'm happy with this card and their assistance since having it.
ANZ has been very helpful whenever I have challenged a charge by a service provider on my Visa card statement. Sometimes even though it's been over the 3 month limitation. On one occasion where the resolution hasn't been speedy the bank has gifted me a goodwill payment unasked. Their customer service is outstanding.
Because I pay my balance off every month, the high-ish interest rate is irrelevant to me. The attraction to me is no yearly fee and reward points which partly makes up for lousy interest rates with all banks savings. No hassle getting money back on two occasions when card details have been hacked.
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**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.
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