Point Hacks Credit Card Guide

Up to 75,000 ANZ Rewards points with ANZ Rewards Black, Platinum & Classic credit cards

ANZ are continuing to run bonus point offers for cards in the ANZ Rewards card range.

There’s 75,000 ANZ Rewards points available on the ANZ Rewards Black, 50,000 on the ANZ Rewards Platinum, and 25,000 on the ANZ Rewards cards.

The bonus Rewards Points will be triggered on your first eligible purchase within the first three months after approval.

ANZ Rewards – The Card Range

There are three accounts in the line-up – Classic, Platinum, and the high-end, higher-fee, ANZ Black. All come with an American Express and Visa on the same account.

All three earn ANZ Rewards points. ANZ Rewards allows transfers to Velocity Frequent Flyer, Singapore Airlines KrisFlyer, and Cathay Pacific Asia Miles. More on this further in this guide, but these partnerships make ANZ Rewards a key bank rewards program for those looking for flexibility in how they redeem their points.

ANZ Rewards Black credit cards - 75,000 ANZ Rewards Points

ANZ are offering a 75,000 ANZ Rewards Point sign up bonus after your first eligible purchase in the first 3 months.

Eligibility criteria, T&Cs, fees and charges apply.

  • 75,000 ANZ Rewards point bonus after first eligible purchase in the first 3 months after approval.
  • 10,000 Reward Point loyalty bonus if you make at least $50,000 of qualifying purchases on your account in the first year
  • 24/7 Personal Concierge and exclusive entertainment and lifestyle offers
  • ANZ's highest point earn rate on spend with 3 ANZ Rewards points earned per $1 spent on eligible purchases on the American Express, 1.25 ANZ Rewards points per $1 spent on the Visa
  • Annual Fee: $375 p.a.
  • Signup bonus points will be awarded within 2 months of meeting purchase criteria

Find out more or apply →

Point Hacks earn up to $150 per applicant for this card. More about this →

Card Details

Card ANZ Rewards Black American Express & Visa
Loyalty programANZ Rewards
Points earned from spend3 ANZ Rewards points per $ on the American Express, 1.25 points per $ on the Visa
Minimum income$75,000
Included insurancesInternational travel insurance, purchase security and extended warranty coverage, plus rental excess cover for Australian car rental, and interstate flight inconvenience insurance (PDS)
Overseas transaction fee3% of the converted amount
Annual fee$375

The ANZ Black Rewards account offers 3 ANZ Rewards points per $ spent on the American Express, and 1.25 ANZ Rewards points per $ spent on the Visa.

There’s also a 10,000 Rewards points loyalty bonus when you make a minimum of $50,000 of qualifying purchases on your account in the first year.

With this account you can earn the equivalent of:

  • 1 KrisFlyer Mile or Asia Mile, or 1.5 Velocity points per $ spent on the American Express
  • 0.42 KrisFlyer miles or Asia Miles, or 0.625 Velocity point per $ spent on the Visa

This is once the ANZ Rewards points have been transferred over to partner frequent flyer programs. Note that minimum points transfer amounts apply.

The card includes international travel insurance, purchase security and extended warranty coverage, and up to 9 additional cardholders free of charge. Read the full PDS here.

There’s also rental excess cover for Australian car rental, and interstate flight inconvenience insurance (again, domestically). ANZ Rewards Black has a $75,000 minimum income requirement.

This guide references some of the benefits of insurance policies provided with this credit card.

You should read the PDS and obtain independent professional advice before obtaining this product.

There’s also an airport lounge access benefit provided by Veloce Lounges – the full list of available airport lounges is available at that link.

Another key benefit of the ANZ Rewards Black card is access to the Sydney American Express airport lounge, including additional guests.

ANZ Rewards Platinum credit cards - 50,000 ANZ Rewards Points

ANZ are offering a 50,000 ANZ Rewards Point sign up bonus on the ANZ Rewards Platinum credit card after your first eligible purchase within the first 3 months .

Eligibility criteria, T&Cs, fees and charges apply.

  • 50,000 ANZ Rewards point bonus first eligible purchase in the first 3 months after approval.
  • 2 ANZ Rewards points earned per $1 spent on eligible purchases on the American Express, 1 ANZ Reward point per $1 spent on the Visa
  • Annual Fee: $95 p.a.
  • Signup bonus points will be awarded within 2 months of meeting purchase criteria

Find out more or apply →

Point Hacks earn up to $150 per applicant for this card. More about this →

Card Details

Card ANZ Rewards Platinum American Express & Visa
Loyalty programANZ Rewards
Points earned from spend2 ANZ Rewards points per $ on the American Express, 1 point per $ on the Visa
Minimum income$50,000
Included insurancesInternational travel insurance, purchase security and extended warranty coverage (PDS)
Overseas transaction fee3% of the converted amount
Annual fee$95

The Platinum account has a competitive annual fee of $95, and you’ll earn 2 ANZ Rewards points per $ spent on the American Express and 1 ANZ Reward point per $ on the Visa.

ANZ Rewards Platinum also includes international travel insurance, purchase security and extended warranty coverage, and again with up to 9 additional cardholders free of charge. There’s a minimum annual income requirement of $50,000. Read the full PDS here

This guide references some of the benefits of insurance policies provided with this credit card.

You should read the PDS and obtain independent professional advice before obtaining this product.

With this account you can earn the equivalent of:

  • 0.66 KrisFlyer miles or Asia Miles, or 1 Velocity point per $ spent on the American Express
  • 0.33 KrisFlyer or Asia Miles, or 0.5 Velocity point, per $ spent on the Visa

That’s again subject to minimum transfer amounts out to partner frequent flyer programs.

ANZ Rewards credit cards - 25,000 ANZ Rewards Points

ANZ are offering a 25,000 ANZ Rewards Point sign up bonus after your first eligible purchase within the first 3 months.

Eligibility criteria, T&Cs, fees and charges apply.

  • 25,000 ANZ Rewards point bonus after first eligible purchases in the first 3 months after approval.
  • 1.5 ANZ Rewards points earned per $1 spent on eligible purchases on the American Express, 0.75 ANZ Reward point per $1 spent on the Visa
  • Annual Fee: $80 p.a.
  • Signup bonus points will be awarded within 2 months of meeting purchase criteria

Find out more or apply →

Point Hacks earn up to $150 per applicant for this card. More about this →

Card Details

Card ANZ Rewards Classic American Express and Visa
Loyalty programANZ Rewards
Points earned from spend1.5 ANZ Rewards points per $ on the American Express, 0.75 point per $ on the Visa
Minimum income$15,000
Points capNone
Included insurancesNone
Overseas transaction fee3% of the converted amount
Annual fee$80

The Classic account is the entry-level account for those who don’t want to incur a high annual fee. You’ll earn 2 ANZ rewards points for $1 spent with the American Express, and 1.5 ANZ Rewards points for every $1 spent on the Visa.

There are few other benefits with this account – no insurances and the like – and you can get up to 3 additional cardholders at no additional charge. There’s a minimum income requirement of $15,000 pa.

With this account you can earn the equivalent of:

  • 0.66 KrisFlyer miles and Asia Miles, and 1 Velocity point per $ spent on the American Express
  • 0.5 KrisFlyer and Asia Miles, and 0.75 Velocity point, per $ spent on the Visa.

Digging into the details of the ANZ Rewards Program and the ANZ Rewards Credit Card range

ANZ Rewards is the loyalty program and currency of ANZ’s own credit card rewards program.

It’s worth being aware of, as although it doesn’t have the widest range of transfer partners (unlike American Express’ Membership Rewards) it does partner with the few key frequent flyer programsVirgin Australia’s Velocity Rewards, Cathay Pacific’s Asia Miles, and Singapore Airlines’ KrisFlyer.

ANZ Rewards also offers a range of non-frequent flyer linked redemption opportunities for products from a wide range of categories, including toys, homewares and fashion. There’s also the ability to redeem for gift vouchers for many mainstream retailers such as Bunnings and Myer, or if you prefer, cashback direct to your account.

ANZ Rewards Frequent Flyer Program Partners

ANZ Rewards partners with KrisFlyer, Asia Miles and Velocity which covers 3 of the key frequent flyer programs in the region for Australian travellers.

Frequent Flyer ProgramTransfer RateANZ Rewards
Effective Earn Rate
ANZ Rewards Platinum
Effective Earn Rate
ANZ Rewards Black
Effective Earn Rate
Virgin Australia Velocity2 ANZ Rewards points to 1 Velocity pointAmerican Express: 0.75 Velocity Points
Visa: 0.375 Velocity Points
American Express: 1 Velocity Point
Visa: 0.5 Velocity Points
American Express: 1.5 Velocity Points
Visa: 0.625 Velocity Points
Singapore Airlines Krisflyer Miles3 ANZ Rewards points to 1 Krisflyer MileAmerican Express: 0.5 Krisflyer Miles
Visa: 0.25 Krisflyer Miles
American Express: 0.66 Krisflyer Miles
Visa: 0.33 Krisflyer Miles
American Express: 1 Krisflyer Miles
Visa: 0.416 Krisflyer Miles
Asia Miles3 ANZ Rewards points to 1 Asia MileAmerican Express: 0.5 Asia Miles
Visa: 0.25 Asia Miles
American Express: 0.66 Asia Miles
Visa: 0.33 Asia Miles
American Express: 1 Asia Miles
Visa: 0.416 Asia Miles

The transfer rates and minimum points required to make transfers from ANZ Rewards to these programs aren’t as high as other credit card programs – but the lower transfer rate can be made up with the slightly higher relative earn rates of ANZ Rewards points on the accounts.

Virgin Australia Velocity: points are transferred out of ANZ Rewards at a rate of 2 ANZ Rewards points to 1 Velocity point. There’s a minimum transfer of 2,250 ANZ Rewards points (1,000 Velocity points) and transfers must be made in 2,250 ANZ Rewards points increments. More here.

Singapore Airlines KrisFlyer: miles are transferred out of ANZ Rewards at a rate of 3 ANZ Rewards points to 1 KrisFlyer mile. There’s a minimum transfer of 6,000 ANZ Rewards points (2,000 miles) and transfers must be made in 2,000 ANZ Rewards point increments. More here.

Asia Miles: miles are transferred out of ANZ Rewards at a rate of 3 ANZ Rewards points to 1 Asia Mile. There’s a minimum transfer of 3,000 ANZ Rewards points (1,000 miles) and transfers must be made in 1,500 ANZ Rewards points increments. More here.

It’s also possible to turn ANZ Rewards points directly into flight and hotel bookings. A few trial runs yielded value of around 0.5c per ANZ Rewards point from this method – but I’d recommend using them for frequent flyer point transfers as you’ll get more value.

Earn bonus ANZ Rewards points at the ANZ Bonus Points mall as a cardholder

All ANZ Rewards cards are also eligible to use the ANZ Bonus Points Mall as a means to earn more bonus points when shopping online, after clicking through from the ANZ Bonus Points Mall website.

This is a neat, unique win for ANZ Rewards cardholders. By comparison to earning points from Virgin or Qantas own online malls, you can earn more ANZ Rewards points which have greater flexibility.

Summing up – ANZ Rewards program and credit card range

Once you look at the effective earn rate of Velocity, Asia Miles and KrisFlyer miles on a per $ basis, you can see that the most compelling earn rate comes with the ANZ Rewards Black account, which is competitive against other cards in the market.

There’s no points cap, so unlike a few other cards which add a cap and restrict earn on government transactions, if you have a large amount of personal spend on a card these could be fairly hefty points earners.

Note that ANZ Rewards points do expire – points must be used to claim a reward 3 years after the end of the year in which the points were earned, or they will be cancelled.

ANZ Rewards are one of the few banks and card loyalty programs, alongside Citibank and Westpac, that offer the ability to transfer points from non-American Express spend to Asia Miles and KrisFlyer.

This makes ANZ Rewards definitely worth knowing about when looking for a flexible points program to work with to ‘level up’ your points earn and redemption strategy for maximum value.

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Point Hacks Credit Card Information

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