Point Hacks Credit Card Guide

$250 Westfield Gift Card plus $0 annual fee for the first year with ANZ Rewards Black, Platinum & Classic

ANZ are offering a $250 Westfield Gift Card, when you spend $2,500 on eligible purchases in the first 60 days from approval plus $0 annual fee for the first year across all the ANZ Rewards card range.

Note that ANZ made a number of changes to their card range in March 2017, removing the linked American Express and adjusting various other features of the cards. You can read more about those changes here.

ANZ Rewards – The Card Range

There are three accounts in the line-up – Classic, Platinum, and the high-end, higher-fee, ANZ Black Visa.

All three cards earn ANZ Rewards points – with ANZ Rewards offering transfers of points 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 Visa - $250 Westfield Gift Card

ANZ is offering a $250 Westfield Gift Card, when you spend $2,500 on eligible purchases in the first 60 days from approval plus $0 annual fee for the first year with the ANZ Rewards Black Visa. Eligibility criteria, T&Cs, fees and charges apply.

  • $250 Westfield Gift Card when you spend $2,500 on eligible purchases within 60 days of approval
  • $0 annual fee for the first year
  • 24/7 Personal Concierge and exclusive entertainment and lifestyle offers
  • ANZ's highest point earn rate on spend with 2 ANZ Rewards points earned per $1 spent on eligible purchases uncapped until 5th August 2017
  • After 5th August 2017 points caps apply - earn 2 Reward Points per $1 spent on eligible purchases up to $5,000 per statement period, then 1 Reward Point per $1 spent on eligible purchases above $5,000 per statement period
  • 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

CardANZ Rewards Black Visa
Loyalty programANZ Rewards
Points earned from spend2 Reward Points per $1 spent on eligible purchases up to $5,000 per statement period, then 1 Reward Point per $1 spent on eligible purchases above $5,000 per statement period
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

With the ANZ Black Rewards Visa you’ll earn 2 Reward Points per $1 spent on eligible purchases up to $5,000 per statement period, then 1 Reward Point per $1 spent on eligible purchases above $5,000 per statement period.

This is the equivalent of 0.66 KrisFlyer Mile or Asia Mile, or 1 Velocity points per $ spent on eligible purchases.

Those earn rates are what we call the ‘effective earn rate’ – they are what you would effectively earn from your spend after your ANZ Rewards points have been transferred over to the partner frequent flyer program. 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.

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

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.

ANZ Rewards Platinum Visa - $250 Westfield Gift Card

ANZ are offering a $250 Westfield Gift Card, when you spend $2,500 on eligible purchases in the first 60 days from approval plus $0 annual fee for the first year with the ANZ Rewards Platinum credit card. Eligibility criteria, T&Cs, fees and charges apply.

  • $250 Westfield Gift Card when you spend $2,500 on eligible purchases within 60 days of approval
  • $0 annual fee for the first year
  • 1.5 ANZ Rewards points earned per $1 spent on eligible purchases uncapped until 5 August 2017
  • After 5th August 2017 points caps apply - earn 1.5 Reward Points per $1 spent on eligible purchases up to $2,000 per statement period, then 0.5 Reward Points per $1 you spend on eligible purchases above $2,000 per statement period 
  • 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

CardANZ Rewards Platinum
Loyalty programANZ Rewards
Points earned from spend1.5 Reward Points per $1 spent on eligible purchases up to $2,000 per statement period, then 0.5 Reward Points per $1 you spend on eligible purchases above $2,000 per statement period 
Minimum income$35,000
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 1.5 Reward Points per $1 spent on eligible purchases up to $2,000 per statement period, then 0.5 Reward Points per $1 you spend on eligible purchases above $2,000 per statement period.

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

With this account you can earn the equivalent of 0.5 KrisFlyer miles or Asia Miles, or 0.75 Velocity points per $ spent on eligible purchases. That’s again subject to minimum transfer amounts out to partner frequent flyer programs.

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.

ANZ Rewards Visa - $250 Westfield Gift Card

ANZ are offering a $250 Westfield Gift Card, when you spend $2,500 on eligible purchases in the first 60 days from approval plus $0 annual fee for the first year with the ANZ Rewards Classic. Eligibility criteria, T&Cs, fees and charges apply.

  • $250 Westfield Gift Card when you spend $2,500 on eligible purchases within 60 days of approval
  • $0 annual fee for the first year
  • 1 ANZ Rewards points earned per $1 spent on eligible purchases uncapped until 5 August 2017
  • After 5th August 2017 points caps apply - earn 1 Reward Point per $1 spent on eligible purchases up to $1,000 per statement period, then 0.5 Reward Points per $1 spent on eligible purchase above $1,000 per statement period 
  • 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

CardANZ Rewards Classic Visa
Loyalty programANZ Rewards
Points earned from spend1 Reward Point per $1 spent on eligible purchases up to $1,000 per statement period, then 0.5 Reward Points per $1 spent on eligible purchase above $1,000 per statement period
Minimum income$15,000
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 1 ANZ rewards points for $1 spent on eligible purchases up to $1,000 per statement period, then 0.5 Reward Points per $1 spent on eligible purchase above $1,000 per statement period.

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 0.33 KrisFlyer miles and Asia Miles, and 0.5 Velocity point per $ spent on eligible purchases.

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 RateANZ Rewards Platinum Effective Earn RateANZ Rewards Black Effective Earn Rate
Virgin Australia Velocity2 ANZ Rewards points to 1 Velocity point0.5 point per $10.75 point per $11 point per $1
Singapore Airlines Krisflyer Miles3 ANZ Rewards points to 1 Krisflyer Mile0.33 point per $10.5 point per $10.66 point per $1
Cathay Pacific Asia Miles3 ANZ Rewards points to 1 Asia Mile0.33 point per $10.5 point per $10.66 point per $1

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.

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.

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.

Disclaimers

ANZ would also like us to include the following disclaimer.

Reward Points accrue in accordance with the ANZ Rewards – Rewards Program Terms and Conditions booklet (please call 13 13 14 for a copy). Purchases which are not eligible to earn Rewards Points are described in the ANZ Rewards – Rewards Program Terms and Conditions booklet, e.g. fees, cash, cash equivalent transactions, balance transfers, premiums paid for ANZ Credit Card Insurance and transactions for gambling or gaming purposes will not earn Reward Points. This Reward Points information displayed on this page applies to new customers only. Existing customers may be subject to a different Reward Points earn rate or different earn rate bands. Existing customers should call 13 13 14 for information regarding the Reward Points earn rate(s) that apply to their account.

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Point Hacks Credit Card Information

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