ANZ has launched their own online retail portal called ANZ Bonus Points Mall, giving customers the chance to reap ANZ Rewards points with some pretty favourable earn rates.
This is a great win for ANZ Rewards cardholders, and adds a USP to ANZ Rewards versus using other online malls, as the flexibility of ANZ Rewards points allows you to leverage them for more options and greater value than earning a single frequent flyer program’s currency.
The participating retailers
With 43 retailers at launch (full list here), it is definitely smaller than the offerings from Qantas and Velocity, but one can expect that list to grow with time.
It includes a mix of Australian retailers like The Iconic, Bonds and Country Road, but also overseas companies such as Apple, eBay, Macy’s, ASOS and Marks & Spencer.
|Retailer||ANZ Rewards points per $1 spent|
|Apple Store Australia||3|
|Charles Tyrwhitt AU||10|
|Marks & Spencer UK||10|
|Microsoft Store AU||3|
|The Body Shop||8|
A comparison with other online malls
It looks like the ANZ Bonus Points Mall has some favourable – or at least comparable – earn rates (at least for now) compared to common malls that Australian buyers tend to use. We compared the earn rates for a range of retailers across four of these malls:
|Online retailer||ANZ Bonus Points Mall||Qantas Online Mall||Velocity eStore||CashRewards|
|David Jones||10||5||-||6% cashback|
|Dan Murphy's||7||-||-||7% cashback|
|The Iconic||6||4||2||8% cashback|
Note that CashRewards may offer you cold hard cashback, but it also often has some restrictions on how you earn, depending on the product(s) purchased. For example, wine bought at Dan Murphy’s will earn the maximum 7% cashback while beer is half of that, so make sure you check out the terms and conditions for each retailer on the CashRewards website.
- Points are not earned on gift card purchases, GST or delivery/shipping charges
- Points can take up to 90 days to credit to your ANZ Rewards account – so you can’t rely on this as a way to top up for a specific redemption
There are also other bonus point options run by programs like KrisFlyer, Asia Miles Citibank and Westpac, so if you are going to make an especially large purchase, it would be useful to check out our Bonus Points Earn Finder Tool for a full comparison.