ANZ Rewards Credit Cards

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

By Verified by David Boyd   |   Updated 8 Oct 2024

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Comparing of 3 ANZ Rewards credit cards

ANZ Rewards Platinum Credit Card

On ANZ's website

Rewards program

ANZ Rewards

Points per $1 spent

1.5 points

Sign up bonus

100,000 points and more

Annual fee

$149.00 p.a. ongoing

Highlights

  • Earn 100,000 bonus Reward Points and $50 cashback upon spending $2,000 on eligible purchases within the initial 3 months after approval.
  • Access a variety of complimentary insurances for both travel and purchases.
  • Accumulate ANZ Rewards Points on your everyday purchases.

Pros

  • 100,000 bonus Reward Points and a $50 cashback when you meet the criteria.
  • Earn 1.5 points per $1 spent up to $2,000 per statement period.
  • No cap on the total number of points you can earn.
  • Comes with complimentary insurance covers, including international travel insurance and purchase protection insurance.
  • ANZ Rewards points can be transferred to several airline partners, giving you booking flexibility.
  • Up to 55 days interest-free on purchases.

Cons

  • There is a $65 annual fee per additional cardholder.
  • The earn rate drops to 0.5 points per $1 after $2,000 per statement period.
  • No balance transfer offer.
  • No lounge access.
ANZ Rewards Travel Adventures Credit Card

Rewards program

ANZ Rewards

Points per $1 spent

1.5 points

Sign up bonus

40,000 points

Annual fee

$120.00 p.a. ongoing

Highlights

  • Receive 40,000 bonus Reward Points, when you spend $1,000 on eligible purchases in the first 3 months from approval.
  • No international transaction fees on purchases overseas or online purchases from international websites (in foreign currency).
  • 7 complimentary insurances including International Travel Insurance.

Pros

  • Attractive sign up bonus. 40,000 bonus Reward Points when you spend $1,000 on eligible purchases in the first 3 months from approval.
  • Earn 1.5 points for every $1 spent on eligible purchases.
  • Complimentary international travel insurance and other protection.
  • No fee on purchases made in a foreign currency.

Cons

  • There is a $120 p.a. annual fee.
  • The number of points you can earn is capped per statement period.
ANZ Rewards Black Credit Card

On ANZ's website

Rewards program

ANZ Rewards

Points per $1 spent

2 points

Sign up bonus

180,000 points and more

Annual fee

$375.00 p.a. ongoing

Highlights

  • Get 180,000 bonus Reward Points and $150 cash back upon spending $3,000 on qualifying purchases within the initial 3 months of approval.
  • Accrue 2 Reward Points for every $1 spent on qualifying purchases, up to $5,000 per statement period.
  • Enjoy complimentary international travel insurance.

Pros

  • Receive 180,000 bonus ANZ Rewards points and earn a $150 cash back when you meet the criteria.
  • Earn 2 points per $1 spent on eligible purchases up to $5,000 per statement period.
  • There is no cap on the number of points you can earn.
  • Free international travel insurance and purchase protection insurance.

Cons

  • The $375 p.a. annual fee.
  • Doesn't come with lounge access.
  • No balance transfer offer.

ANZ rewards is a loyalty program for ANZ 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.

How do ANZ Rewards credit cards work?

As a cardholder, your expenditure using the ANZ Rewards Credit card determines your reward points. The accumulated points can be redeemed for flexible rewards such as gift cards, cashback, flight upgrades, and more. The points earned usually have an expiration period, encouraging regular usage of the cards.

David Boyd of Credit Card Compare

David Boyd, the co-founder of Credit Card Compare, explains, "Suppose you are a regular traveller. In that case, an ANZ Rewards Credit card could help you earn points on travel bookings and other daily transactions, which can later be exchanged for flight upgrades or tickets with partner airlines. Thus, a routine expense can reap upgrades or even free travel benefits."

Different types of ANZ Rewards credit cards

ANZ has several 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 points, ANZ partners with Velocity, KrisFlyer and Asia Miles, and some are instead linked to Qantas Frequent Flyer rather than ANZ Rewards points. ANZ has a separate suite of cards that do not participate in the ANZ Rewards program.

How to choose an ANZ Rewards credit card

Choosing an ANZ Rewards Credit card should match your financial lifestyle and the way you spend. Here's a simple step-by-step method:

  1. Identify your spending habits.
  2. Analyse the reward options and choose what benefits you the most.
  3. Consider the annual fee and decide if the rewards outweigh the cost.
  4. Finally, apply through the ANZ website once you've made your decision.

Who ANZ Rewards credit cards are suitable for

ANZ Rewards Credit Cards can be suitable for a variety of financial lifestyles.

  • Habitual shoppers: If you are a frequent shopper, these cards can earn points for every dollar spent at various stores.
  • Regular travellers: Individuals regularly travelling for work or leisure can leverage these cards to earn air miles.
  • Practical spenders: These cards are also beneficial for those who prefer cashback or discounts on their regular daily expenses.

Help choosing an ANZ Rewards credit card

Learn the basics of earning rewards with ANZ Rewards credit cards.

  • FAQs

  • Pros & cons

  • Alternatives

Can I transfer my ANZ rewards points to someone else?

No, ANZ does not allow the transfer of rewards points to non-account holders.

What is the average point-to-dollar ratio for an ANZ Rewards card?

The point-to-dollar ratio varies based on the ANZ Rewards card; however, typically, it can be around 1 point per dollar spent.

Pros

Variety

ANZ offers numerous reward options.

Partnerships

ANZ has partnered with airlines and other businesses to provide greater value for your points.

Bonus offers

Regular bonus offers to accelerate your point collection.

Cons

Expiry

Points have an expiration period, pressuring regular usage.

Annual fees

Some ANZ rewards credit cards have an annual fee.

Alternatives

While ANZ Rewards credit cards offer great benefits, alternatives such as Qantas Frequent Flyer or Velocity Frequent Flyer might provide more travel-specific perks and rewards.