Point Hacks Credit Card Guide

Up to 75,000 bonus ANZ Rewards points plus $0 annual fee for the first year with ANZ Rewards Black, Platinum & Classic

ANZ are offering up to 75,000 bonus ANZ Rewards Points when you spend $2,500 on eligible purchases in the first three months from approval plus $0 annual fee for the first year with their ANZ Rewards card range.

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

ANZ Rewards: the card range

There are four accounts in the lineup: Classic, Platinum, Rewards Travel Adventures and the high-end, higher-fee, ANZ Black Visa.

For new applicants of the ANZ Rewards Black Visa, ANZ are offering a no first-year annual fee and 75,000 bonus ANZ Rewards Points.

There’s also 50,000 bonus ANZ Rewards Points with the ANZ Rewards Platinum Visa, and 25,000 bonus ANZ Rewards Points with the ANZ Rewards Classic. Both with no annual fee for the first year as well.

The ANZ Rewards Travel Adventures card has a unique offer, with 40,000 bonus Velocity Points upon sign-up even though the card earns ANZ Rewards points on spend.

All four cards earn ANZ Rewards points, with ANZ Rewards offering transfers of points to Velocity Frequent Flyer, Singapore Airlines KrisFlyer, Cathay Pacific Asia Miles and Air New Zealand Airpoints Dollars. 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 - 75,000 ANZ Rewards Points

ANZ are offering 75,000 bonus ANZ Rewards Points when you spend $2,500 on eligible purchases in the first 3 months and $0 annual fee for the first year with the ANZ Rewards Black. Eligibility criteria, T&Cs, fees and charges apply.

  • 75,000 ANZ Rewards point bonus after $2,500 minimum spend in the first 3 months after approval
  • $0 annual fee for the first year
  • 24/7 Personal Concierge and exclusive entertainment and lifestyle offers
  • Earn 2 ANZ 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: No annual fee for the first year, usually $375
  • Signup bonus points will be awarded within 2 months of meeting purchase criteria
  • Offer only available to new ANZ Rewards customers who meet eligibility criteria, exclusions apply.

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 miles or Asia Miles, 0.010 Airpoints or 1 Velocity point 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 nine additional cardholders ($65 p.a. per additional cardholder). Read the full PDS here.

There’s also rental excess cover for Australian car rental, and interstate flight inconvenience insurance (again, domestically). This card 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 - 50,000 ANZ Rewards Points

ANZ are offering a 50,000 bonus ANZ Rewards Points when you spend $2,500 on eligible purchases in the first 3 months plus $0 annual fee for the first year with the ANZ Rewards Platinum Visa. Eligibility criteria, T&Cs, fees and charges apply.

  • 50,000 bonus ANZ Rewards points after $2,500 minimum spend in the first 3 months after approval
  • $0 annual fee for the first year
  • Earn 1.5 ANZ 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: No annual fee for the first year, usually $95 p.a.
  • Signup bonus points will be awarded within 2 months of meeting purchase criteria
  • Offer only available to new ANZ Rewards customers who meet eligibility criteria, exclusions apply.

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 ($65 p.a. per additional cardholder). There’s a minimum annual income requirement of $35,000. Read the full PDS here

With this account you can earn the equivalent of 0.5 KrisFlyer miles or Asia Miles, 0.0075 Airpoints 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 - 25,000 ANZ Rewards Points

ANZ are offering 25,000 bonus ANZ Rewards Points when you spend $2,500 on eligible purchases in the first 3 months plus $0 annual fee for the first year with the ANZ Rewards Visa. Eligibility criteria, T&Cs, fees and charges apply.

  • 25,000 bonus ANZ Rewards points after $2,500 minimum spend in the first 3 months after approval
  • $0 annual fee for the first year
  • Earn 1 ANZ 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: No annual fee in the first year, usually $80 p.a.
  • Signup bonus points will be awarded within 2 months of meeting purchase criteria
  • Offer only available to new ANZ Rewards customers who meet eligibility criteria, exclusions apply.

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 ($65 p.a. per additional cardholder). There’s a minimum income requirement of $15,000 pa.

With this account you can earn the equivalent of 0.33 KrisFlyer miles or Asia Miles, 0.005 Airpoints or 0.5 Velocity point per $ spent on eligible purchases.

ANZ Rewards Travel Adventures Visa - 40,000 Velocity Points

ANZ are offering 40,000 bonus Velocity Points when you spend $500 on eligible purchases within the first 3 months of approval with the Rewards Travel Adventures card. Also included is a Virgin Australia domestic return flight, plus two single entry Virgin Australia domestic lounge passes plus no overseas transaction fee on purchases. Eligibility criteria, T&Cs, fees, charges, flight restrictions and lounge conditions apply.

  • 40,000 bonus Velocity Points when you spend $500 on eligible purchases within the first 3 months of approval
  • One complimentary return domestic flight each year with Virgin Australia until the card is cancelled
  • Two complimentary single entry Virgin Australia lounge passes each year until the card is cancelled
  • No overseas transaction fee on purchases
  • 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 spent on eligible purchases above $2,000 per statement period 
  • Annual Fee: $225 p.a.
  • Spend $500 on eligible purchases in first 3 months of approval to receive bonus
  • Eligibility criteria, T&Cs, fees and charges apply. Velocity member Terms and Conditions apply.

Find out more or apply →

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

Card Details

CardANZ Rewards Travel Adventures Card
Loyalty programANZ Rewards - linked to Velocity, Asia Miles, Krisflyer & Airpoints
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 spent on eligible purchases above $2,000 per statement period 
Travel benefitsA free Virgin Australia domestic flight and two Virgin Australia domestic lounge passes each year until the card is cancelled
Included InsuranceOverseas Travel and Medical Insurance cover (PDS)
Overseas transaction feeNone
Income Requirement$35,000
Annual fee$225 p.a.

The Rewards Travel Adventures account is designed to appeal to both travellers and those interested in rewards points. The no transaction fee on overseas spend feature is the primary advantage of this card over the other ANZ Rewards cards.

The card also includes a complimentary return domestic flight with Virgin Australia and two Virgin Australia lounge passes each year until the card is cancelled.

With this account, you’ll earn 1.5 Rewards Points per $1 spent on eligible purchases up to $2,000 per statement period, and 0.5 Reward Points per $1 spent thereafter. This equates to 0.5 KrisFlyer miles or Asia Miles, 0.0075 Airpoints or 0.75 Velocity points 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 Black Effective Earn RateANZ Rewards Platinum Effective Earn RateANZ Rewards Effective Earn RateANZ Rewards Travel Adventures Card Effective Earn Rate
Virgin Australia Velocity2 ANZ Rewards points to 1 Velocity point1 point per $10.75 point per $10.5 point per $10.75 point per $1
Singapore Airlines Krisflyer Miles3 ANZ Rewards points to 1 Krisflyer Mile0.66 point per $10.5 point per $10.33 point per $10.5 point per $1
Cathay Pacific Asia Miles3 ANZ Rewards points to 1 Asia Mile0.66 point per $10.5 point per $10.33 point per $10.5 point per $1
Air New Zealand Airpoints200 ANZ Rewards points to 1 Airpoints Dollar0.010 Airpoints per $10.0075 Airpoints per $10.005 Airpoints per $10.0075 Airpoits 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.

Air New Zealand Airpoints: miles are transferred out of ANZ Rewards at a rate of 200 ANZ Rewards to 1 Airpoints Dollar. There’s a minimum transfer of 3,000 ANZ Rewards points (15 Airpoints) 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, KrisFlyer miles and Air New Zealand Airpoints 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. On the other hand, frequent overseas travellers might find the set of features that comes with the Rewards Travel Adventures card more useful and appealing.

Note that ANZ Rewards points do expire – points must be used to claim a reward three 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.

Up to 75,000 bonus ANZ Rewards points plus $0 annual fee for the first year with ANZ Rewards Black, Platinum & Classic was last modified: August 15th, 2017 by Keith

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