ANZ Rewards Credit Cards

Compare credit cards that earn points and come with the benefits of ANZ Rewards membership.

22 reviews
65,000 points and $50 back when you make one eligible purchase in the first 3 months.
Free international travel and medical insurance.
Earn ANZ Rewards Points on everyday purchases.
Eligibility criteria, T&Cs fees and charges app

ANZ rewards is a loyalty program for ANZ bank credit card users. Cardholders who have an ANZ Rewards credit card can earn points for eligible spending with their card. These points can be redeemed for consumer merchandise and other goods and experiences, or exchanged for airline frequent flyer points or cashback.

Types of ANZ Rewards cards

ANZ has a number of cards attached to its ANZ Rewards program. They have varying points earning rates and complimentary benefits. Generally, the higher the annual fee, the more quickly points can be earned and the greater the included benefits.

For those who wish to earn Qantas points rather than ANZ Rewards points, ANZ has a separate suite of cards available that do not participate in the ANZ Rewards program.

How to earn ANZ Rewards points

Points are earned by using the credit card for everyday spending: groceries, petrol, utility bills, travel and entertainment, in fact all eligible purchases. The only exclusions – card expenditure which does not earn points – are items like fees and interest charges, cash advances, foreign currency purchases, balance transfers and gambling transactions.

Points earning rates

Points earning rates are usually expressed in terms of points per dollar, for example 1.5 points per dollar spent on eligible purchases. The earning rate varies between cards, and the bank may decide to change the points earning rate originally advertised.

Points caps and thresholds

Some credit cards have a monthly points cap, beyond which no further points can be earned until the next monthly billing cycle begins. For example, a cap which only awards points for the first $5,000 spent in any month.

Instead of imposing a points cap, ANZ has put in place a points threshold. For each card there is a monthly spending threshold, which, once reached, sees the points earning rate decline. For example, 1.5 points per dollar up to $2,000 per statement period, declining to 0.5 points thereafter. The higher the annual fee, the higher the threshold usually is, but it means that even the lower-fee rewards cards can earn at least some points on every dollar spent.

First purchase bonus points

ANZ regularly offer bonus rewards points to new cardholders. These points can be very valuable, usually ranging from 25,000 points to as many as 75,000 points. Rather than being 'sign-up’ points they are in fact 'first purchase’ points, requiring a readily-achievable card expenditure level in the first few months in order to qualify for the bonus, e.g. $2,500 in the first three months of holding the card.

My monthly spend: 
$5,000
 
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rewards program
earn rate
sign up bonus
Points earned
75,000 points and $100 back when you make one eligible purchase in the first 3 months.
Free international travel and medical insurance.
Eligibility criteria, T&Cs, fees and charges apply.
More info
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ANZ Rewards
ANZ Rewards
2 pts
per $1 spent
up to $5,000
then 1 pt
Above $5,000
More info
75,000
points
after spend criteria
65,000 points and $50 back when you make one eligible purchase in the first 3 months.
Free international travel and medical insurance.
Eligibility criteria, T&Cs, fees and charges apply.
More info
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ANZ Rewards
ANZ Rewards
1.5 pts
per $1 spent
up to $2,000
then 0.5 pts
Above $2,000
More info
65,000
points
after spend criteria
25,000 points when you make one eligible purchase in the first 3 months.
An easy to manage credit limit from $1,000.
Eligibility criteria, T&Cs, fees and charges apply.
More info
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ANZ Rewards
ANZ Rewards
-
25,000
points
after spend criteria
40,000 Velocity Frequent Flyer points when you spend $500 on eligible purchases in the first 3 months of approval.
One complimentary return domestic flight, each year until your card is cancelled. Conditions Apply. ^
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ANZ Rewards
ANZ Rewards
1.5 pts
per $1 spent
up to $2,000
then 0.5 pts
Above $2,000
More info
40,000
points
after spend criteria
1.5 ANZ Reward Points per $1 you spend on eligible purchases. (Excluding taxation payments) up to $10,000 in the statement period.
1 ANZ Reward Point per $1 you spend on eligible purchases (excluding taxation payments) over $10,000 in the statement period.
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ANZ Rewards
ANZ Rewards
1 pt
per $1 spent capped
-
 

Q&As about ANZ Rewards Credit Cards from customers

Q: Do all ANZ credit cards earn ANZ Rewards points?

No. ANZ also issues credit cards which earn Qantas Frequent Flyer points, and credit cards which earn no points at all. The ANZ Rewards credit cards all have the words 'ANZ Rewards’ at the beginning of their name.

Q: How much does it cost to belong to the ANZ Rewards program?

There is no cost other than the annual fee for the rewards credit card.

Q: What are the benefits of ANZ Rewards credit cards?

The primary benefit is that you are rewarded for your normal credit card spending in the form of loyalty points which can be exchanged for merchandise and other advantages. Secondary benefits may come in the form of first-purchase bonus points and other complimentary benefits such as travel and shopper’s insurance, free flights and airport lounge passes.

Q: Are there any other benefits apart from earning rewards points?

Rewards points are not the only benefits you can expect to accompany your ANZ Rewards credit card. Depending on the card level and annual fee, you could also receive some of the following privileges, free of any additional charge:

  • Domestic travel insurance
  • International travel insurance
  • Purchase protection insurance
  • Extended warranty cover
  • Best price guarantee scheme
  • Free Virgin domestic return flight annually
  • Two single-entry Virgin airport lounge passes annually
  • Unlimited access to Veloce airport lounges overseas
  • Concierge service
  • Access to invitation-only events
Q: How can I earn ANZ Rewards points?

Points are earned on all eligible purchases you make using the card – everyday spending as well as travel, entertainment and major purchases.

Q: Do all ANZ Rewards credit card transactions earn points?

No. Points cannot be earned on card fees, interest charges, cash advances, balance transfers, foreign currency purchases and gambling or gaming transactions.

Q: What are bonus points for new cardholders?

From time to time ANZ offers bonus points to new cardholders who meet a target spending amount in their first few months of holding the card. This is called a first purchase bonus. For example, ANZ may offer 75,000 bonus points for spending $2,500 in the first three months.

Q: Do supplementary cards earn ANZ Rewards points?

Yes. Both the primary and any supplementary cards earn points on eligible purchases, but all points earned belong to the primary cardholder.

Q: Who can operate the ANZ Rewards points account?

Only the primary cardholder can operate the points account and select redemptions.

Q: What can ANZ Rewards points be redeemed for?

There is a wide range of options. Popular choices include retail gift cards, movie tickets and frequent flyer points with Virgin Australia, Singapore Airlines, Air New Zealand or Cathay Pacific. Points can also be effectively converted into cash (a cashback into your card account) or exchanged for merchandise, travel and charity donations.

Your options for redeeming points include:

  • Conversion to frequent flyer points with Virgin Australia, Singapore Airlines, Air New Zealand or Cathay Pacific
  • Merchandise from an online catalogue
  • Gift cards to spend at major retailers
  • Movie tickets and other entertainment
  • Food and wine
  • Cashback to your credit card or other ANZ account
  • Domestic and international flights
  • Hotel accommodation in Australia and overseas
  • Holiday packages
  • Car hire
  • Donations to charity

If you wish, you can set up auto-redemption and receive your chosen reward whenever you have accumulated enough points, or at intervals specified by you.

Q: What if I don’t have enough points for a particular redemption?

You can choose the 'Points + Pay’ option, which allows you to pay the remainder in cash if you don’t have enough points for your selected redemption.

Q: What is the best way to spend ANZ Rewards points?

Good question. It depends on your lifestyle. If you simply want to recoup the annual fee and then see how much you are earning on top of this, retail gift cards in high denominations may be your best bet. But if you are a regular traveller, you may derive a better dollar value by converting them into airline frequent flyer points.

Q: How many ANZ Rewards points will I earn for each dollar I spend?

Points earning rates per dollar spent vary, depending on which ANZ Rewards card you have. The higher fee cards tend to have higher earning rates, which currently range between 1.0 and 2.0 points per dollar before the monthly threshold is reached. Earning rates per dollar fall when monthly spending reaches a set threshold, e.g. $2,000 per month.

The earning rates per dollar are not set in concrete. That is, the earning rate applying when you first get the card may change down the track.

Q: What is one ANZ Rewards point worth?

The return per point for retail gift cards is about 0.5 cents. Converting ANZ Rewards points to Virgin Velocity frequent flyer points yields a very slightly higher result. Other redemptions, including merchandise from the online catalogue, will usually produce a lower return.

Q: Is there any limit to the number of ANZ Rewards points I can earn?

No. There is no absolute limit or cap on monthly or annual points earning. There is, however, a monthly spending threshold. The earning rate per dollar falls steeply once the threshold is reached.

Q: Do ANZ Rewards points expire?

Yes. Rewards points must be used within 36 months of 31st December of the year in which they were earned. Additionally, if your ANZ Rewards account is closed (because you no longer have an ANZ Rewards credit card, for example) you have 60 days in which to use them before they are cancelled.

Q: Do all ANZ Rewards credit cards charge the same annual fee?

No. The annual fees range from moderate to very high. The higher fee cards allow you to earn points faster, and also have more complimentary benefits attached.

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