How to cut costs on essentials
Ditch the reliance on the credit card and cut down on costs with these tips. It pays to ditch the big-name brands at the supermarket.
Bonus PointsTake off with 75,000 bonus Velocity Points if you spend $2,500 on eligible purchases in the first 3 months of approval. New card. Limited time. Spend and eligibility criteria, T&Cs, fees and charges apply (including annual fee currently $225).
Balance Transfer0% p.a. for 22 months on balance transfers. Earn 3 additional bonus Velocity Points per $1 on your everyday spend in the first 3 months (capped at 10,000 points per month).
Balance Transfer Rate
Max Free Days
Number free supplementary
Interest Free Days
Interest Free Days
Maximum credit limit
Late Payment Fee
Minimum credit limit
Over limit fee
Minimum repayment dollars
Duplicate statement fee
Minimum repayment percent
Supplementary card annual fee
Cash advance rate
Balance Transfer Rate
Balance Transfer Rate
Balance Transfer Fee
Foreign Exchange Fee
Estimated ATM Cost
ANZ Rewards Travel Adventures Card
Domestic Flights, Cash Back
Be 18 years of age or over, and; Be a permanent Australian resident or a non-permanent resident with more than 9 months remaining on your Visa
|1.5 points for $1 spent||Visa||Up to $2k monthly||eligible purchases|
|0.5 points for $1 spent||Visa||uncapped||eligible purchases|
A complimentary return economy domestic flight operated by Virgin Australia, each year until the card is cancelled.
for 12 months then $279
Bonus PointsEarn 80,000 Bonus Qantas Points + reduced annual fee of $149 in the first year + 0% on balance transfers for 6 months. Apply by 12 Feb 2019.
ANZ is one of Australia’s biggest banks. Its history dates back to 1835, when it was originally known as the Bank of Australasia. In 1951, the Bank of Australasia merged with the Union Bank of Australia to form ANZ Bank.
ANZ not only operates throughout Australia, but is also present in New Zealand, Asia, the Pacific, Europe, America and the Middle East.
As one would expect from a big four bank, ANZ offers a wide range of credit cards.
The ANZ Rewards Travel Adventures Card features a high interest rate, moderately high annual fee and a moderately low number of interest-free days on purchases.
The ANZ Reward Points program associated with this card allows cardholders to earn points for spending to be redeemed on rewards such as entertainment, hotel stays, merchandise and gift cards. Customers also receive a complimentary domestic flight with Virgin Australia and two complimentary Virgin Australia lounge passes every year until the card is cancelled (conditions apply).
No overseas transaction fees are charged for international purchases made on the card in-store or online, but ATM operator fees may apply. This card also allows up to nine additional cardholders for a fee.
Security-wise, customers are protected by ANZ’s Fraud Money Back Guarantee, as well as ANZ Falcon, which provides 24/7 monitoring of suspicious transactions.
The ANZ Rewards Travel Adventures Card is good for those who want to take a credit card with them while travelling without having to pay hefty overseas spending fees. It is also suitable for people who spend regularly on their card as it has good rewards-earning potential.
However, the interest rate and annual fee are high, so it’s not a particularly suitable option for people who struggle to pay off their full balance each month. Similarly, it probably isn’t appropriate for those wanting to transfer a balance from another card as it doesn’t come with a balance transfer offer.
Small businesses and other shared cardholders may also be attracted to this card due to its generous allowance for nine additional cardholders. However, it’s worth noting that there is a fee for adding additional cardholders, while other cards on the market offer supplementary cards at no extra cost.
Frequent travellers who spend regularly and pay off their balance regularly could benefit from this card’s rewards program, travel benefits and insurance coverage. The waived overseas transaction fees also make this card an especially good choice for globetrotters.
Additionally, the allowance for supplementary cardholders means points can potentially be earned quickly with more people spending on the one account.
The ANZ Rewards Travel Adventures Card comes with a high interest rate and moderately high annual fee – which is typical for a rewards card with added benefits – so it’s worth considering if the advantages outweigh the costs for your circumstances.
If you’re not confident you can pay off your card balance each month, or are looking for better value for money, it may be worth doing some further research to find a card with a lower rate and lower fees.
To be eligible for the ANZ Rewards Travel Adventures Card, you must be at least 18 years of age and have a good credit rating. You must be a permanent Australian resident or a non-permanent resident with more than 9 months remaining on your Visa. To apply for this card, you’ll need to provide proof of ID, details of your income, and two recent payslips as proof of employment.
Australia and New Zealand Banking Group (ANZ) makes up one of the big four financial institutions in Australia and is one of the biggest banking groups in the Pacific and New Zealand Region. ANZ’s personal finance products include credit cards, personal loans, car loans and home loans. Customer service is available 24 hours a day through the bank’s online portal and phone support line. Customers can also do their banking through the ANZ website 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 www.anz.com and consider if this service is appropriate to you prior to making a decision to acquire or use the ANZ App.
Nick Bendel was a property and personal finance editor, covering property, loans, credit cards, superannuation, and other bank products. Nick has previously written for The Adviser, Mortgage Business, Lifehacker, Business Insider, Yahoo Finance, and InvestorDaily, and loves getting elbow-deep in the latest ABS, APRA and RBA data.
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.