ANZ Credit Card Rewards
ANZ has two credit card reward programs currently available through a variety of different cards. Each separate program will appeal to a different type of spender, and currently the range of gifts you can claim is quite broad. This includes travel opportunities, vouchers, cash back offers and a variety of products sure to suit many different styles and tastes.
ANZ's two credit card reward programs are known as the ANZ Balance Visa program and the ANZ Rewards Visa program.
Details, terms and conditions are all subject to change without notice, so always double check information with the relevant financial institution. Any ratings are opinions of creditcardrewardprograms.com.au and may not take into account your individual requirements. Always perform your own research when selecting a credit card.
ANZ Balance Visa Program
$1 repaid = 1 point
Minimum Spend to Earn a Reward* - $4000
Range of Rewards - Small
Swap for Airline Rewards - No
Bonus Points - Yes
Maximum Points* - Unlimited
Value of Card - High
*Not including bonus points/special offers
The ANZ Balance Visa rewards program is linked to the ANZ Balance Visa credit card. The card itself offers a good compromise between a low interest credit card and the typical rewards credit card, which often features a higher interest rate. It makes rewards programs accessible to those looking for a potentially cheaper credit card, but the trade-off is the rewards you can claim are limited.
At the time of writing, users can basically earn one reward point for every dollar that is repaid to the credit card's 'balance'. While the points accumulation ratio is good (1 point for 1 dollar), the range of awards you can redeem are limited to vouchers and cash-back offers. The higher level ANZ Rewards Visa and other rewards programs on the market offer a greater range of rewards for potentially fewer points.
You can start redeeming a range of $20 vouchers from 4000 points ($4000 paid of your balance), and the top range of vouchers are worth $100 and will take 20,000 points or more to earn. The other advantages to the ANZ Balance Visa are that the points you can earn are unlimited and you can choose to take money off your credit card balance.
For those looking for a cheaper credit card, this rewards program is a good bonus. However, if you really plan to use a credit card to maximise awards, you should step up to a higher rewards program.
ANZ Rewards Visa Program
$1.50 Spent = 1 point
Minimum Spend To Earn A Reward* - $1594.50
Range Of Rewards - Good
Swap For Airline Rewards - Yes
Bonus Points - Yes (unlimited)
Maximum Points* -
Rewards Credit Card = 33,333 ($50,000 spend)
Rewards Gold Credit Card = 66,666 ($100,000 spend)
Value Of Card - Good
*Not including bonus points/special offers. Points are calculated per annum unless otherwise stated.
The ANZ Rewards Visa program is accessible through the ANZ Rewards Visa and the ANZ Rewards Visa Gold. These cards both carry higher interest rates compared to the Balance Visa, but the rewards programs are a lot more competitive.
Despite only earning one point for every $1.50 spent, the actual points structure means the Rewards Visa program and the Balance Visa programs are very close in the amount you need to spend to earn enough points to accumulate rewards. The range of rewards you can earn is the real difference between ANZ's two programs, and the ANZ Rewards Visa program is competitive when compared to the market as a whole.
There is also the attractive bonus partner program with the ANZ Rewards Visa, and this allows you to earn double and even triple the awards points when you spend over a set amount. The number of bonus points you can earn with partners are unlimited, and according to ANZ, there are over 500 participating outlets.
Looking through the list of bonus partners, you would not use these businesses every week, but it does present a good opportunity to earn extra points occasionally.
The rewards catalogue ranges from a 'child entry' to the Sydney Aquarium for 1500 points to a Grundig 22in LCD with HD tuner and DVD player for just over 100,000 points and lots in between. You can also trade your points for Velocity airline rewards (among some others), but this is at a reduced rate.
If you're really interested in using ANZ rewards points for flights and travel discounts, logging into the rewards program website will allow you to trade points for bookings direct with a number of suppliers. This is a useful tool, and it allows you to make the most of your points without trading them to a related airline rewards program.
Lastly, ANZ Rewards Visa allows members to earn rewards with a points plus pay option for any merchandise. This means you can make up any difference between points and the reward you want with cash, or you can even utilise the automatic redemption function, which will send out the appropriate gift vouchers as soon as you collect enough points.
It makes for a decent rewards program, credit cards that are fairly competitive for this section of the market and a range of credit card rewards that you will really be able to use.
If you want to further compare credit card reward programs, check out our Best Credit Card Rewards section.
