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Electronic Wallet Service

Important Rates


Balance Transfer

Overseas spending



Earn Rates

RateCard TypeEarnsCondition
1 point for $1 spentVisaUp to $1,000 monthlyeligible purchases
0.5 points for $1 spentVisauncappedeligible purchases
  • Partner Discounts


The ANZ Rewards credit card has a moderate annual fee, as well as a moderately high interest rate and a moderately low number of interest-free days.

Spending with the ANZ Rewards credit card earns rewards points, which can then be redeemed from hundreds of different rewards, including travel options, entertainment, gift cards, shopping vouchers and merchandise.

The card allows you to have multiple card holders (although at an extra cost), so that you can maximise your rewards-earning potential through everyday spending.

Card holders will also find that they have a range of ways to pay using their ANZ Rewards card. These include through Apple Pay and Android Pay as well as the ANZ App*. All purchases are protected by the ANZ Falcon monitoring service that spots suspicious transactions, while your account is protected by the ANZ Fraud Money Back Guarantee. 

  • Variety of rewards available
  • Three additional cardholders
  • Mobile payment options
  • Annual fee charged
  • Moderately high interest rate
  • Moderately low interest-free days

Who is it good for?

The ANZ Rewards credit card is likely to best suit someone who is looking for an everyday spending card. In order to get good value from the rewards on offer, it would be necessary for a card holder to do the bulk of their spending using the card.

Couples and families will benefit from using the additional cardholder feature to build up points together. You can then exchange those points for a wide variety of rewards or cashback.

In particular, this card will best suit cardholders who pay off their balance in full each month as they will get the benefit of the rewards without the cost of the moderately high interest rate.

This card is not designed for overseas spending and, as a result, would be quite costly to take on holidays.

What RateCity says

The ANZ Rewards credit card is a competitive option for everyday card users who want their spending to contribute to travel and shopping rewards points.

There are two keys to getting the most value from the ANZ Rewards credit card. First, use it for as much of your everyday spending as possible, so that the rewards you earn will to some extent cancel out the moderate annual fee. Second, pay off your entire bill each month, so that you neutralise the moderately high interest rate and a moderately low number of interest-free days.

Those who plan to use the card for multiple cardholders should be aware that there is a substantial additional annual charge per each new cardholder.

While the ANZ Rewards credit card can offer value, there are better-value rewards cards on the market.


Applicants must be at least 18 and have a good credit rating. If you’re an Australian citizen or permanent resident, you must earn at least $15,000 per year. If you’re not a permanent resident, you must meet the $15,000 income test and have at least nine months remaining on your visa. When you apply, make sure you have identification, as well as details of your income, expenses, assets and liabilities. If you’re self-employed, you’ll need your accountant’s phone number.

About ANZ

ANZ is one of the big four banks in Australia and has been providing personal finance products to Australians for over 150 years. ANZ has an extensive range of branches across the nation as well as an ATM network of over 2,500 machines. Customers can also contact the bank through a 24/7 phone hotline and access their credit card and other personal financial information through internet banking and the ANZ App.

*The ANZ App is provided by Australia and New Zealand Banking Group Limited (ANZ) ABN 11 005 357 522. Super, Shares and Insurance (if available) are not provided by ANZ but entities which are not banks. ANZ does not guarantee them. This information is general in nature only and does not take into account your personal objectives, financial situation or needs. ANZ recommends that you read the ANZ App Terms and Conditions available at and consider if this service is appropriate to you prior to making a decision to acquire or use the ANZ App.


Credit cards offering rewards can be great if you know you’ll use the card enough to get significant rewards points, and use the rewards you earn.

They can also come with high annual fees that may end up nullifying the rewards, so think how often you use the card to decide whether the benefits outweigh the extra cost for you. A card with a lower annual fee might require a lot of spending to get any useful rewards, while another card with a higher annual fee might need fewer purchases to get a reward.

Also, think about the types of benefits you’d like. There’s no point in getting a card with rewards for retailers you never visit, or travel you don’t have time to use.

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