Full Information to the ANZ Rewards Program


Having lately undergone a makeover, ANZ Rewards now has a contemporary new look. So, what does it have to supply?

On this information, we are going to uncover what’s new and what’s coming quickly inside this up to date model of ANZ Rewards, whereas trying intently at every of this system’s 4 ANZ Rewards incomes bank cards.

Bearing in mind earn charges, extras and annual charges, we’ll discover out what every ANZ Rewards card gives, the way it operates, and who it would work greatest for.

We’ll additionally take time to debate factors incomes inside the program, and the methods in which you’ll be able to at present redeem your factors.

So, if you happen to’re contemplating making use of for an ANZ Rewards card – otherwise you need to evaluate ANZ Rewards to the varied different rewards packages on the market – that is the place to be.

Learn on for our in-depth ANZ Rewards information.

Editor’s notice: All charges, charges and gives right on the time of publication as of fifth October 2021

🔥 Earning Factors

First issues first. How do you earn factors as a member of ANZ Rewards?

As an in-bank rewards program, ANZ Rewards gives factors incomes via its ANZ Rewards bank cards. There are 4 playing cards at present provided inside the ANZ Rewards vary, that are tiered to swimsuit totally different ranges of spending.

  • The ANZ Rewards Card is the entry-level ANZ Rewards earner, providing the bottom earn charge – and the bottom annual payment.
  • Subsequent on the ladder is the ANZ Rewards Platinum Card, which gives a better earn charge and extra extras, in return for a better annual payment.
  • Prime of the heap is the ANZ Rewards Black Card, which steps it up once more with a better earn charge, a couple of extra extras, and once more, a better annual payment.
  • Sitting exterior the tier system is the ANZ Rewards Journey Adventures Card, which primarily gives the identical earn charge and extras because the Platinum card, with the added bonus of getting no worldwide transaction payment.

We’ll focus on every of those playing cards in additional element within the following part.

What else do it’s worthwhile to find out about factors incomes inside ANZ Rewards?

On every card, you possibly can get pleasure from uncapped factors incomes. This primarily lets you proceed incomes factors in your purchases, regardless of how a lot you spend every month.

It’s price declaring, nonetheless, that every card inside the ANZ Rewards vary buildings its earn charge. So, whilst you might be able to earn as many factors as you need, when you attain a sure spending threshold every month, your earn charge per $1 will drop.

As for what transactions are eligible for factors incomes, you’ll earn factors on most purchases. Transactions exempt from factors incomes embrace curiosity prices, authorities prices, financial institution charges, funds made to the ATO, stability transfers and money advances.

And factors expiry? In response to this system’s phrases, it’s essential to use your factors inside 36 months of 31 December of the 12 months during which the factors have been earned. Factors that stay unused after that interval will likely be cancelled.

Should you select to shut your ANZ Rewards account, could have 90 days to redeem your factors earlier than they expire.

One final notice on factors incomes includes the Bonus Factors Mall. Previous to the ANZ Rewards program improve, cardholders might earn bonus factors on spending at sure retailers. Whereas ANZ flags the Bonus Factors Mall will return quickly, it has not but been reintroduced to this system.

ℹ️ Intro Bonus Factors

Like most rewards packages, ANZ Rewards gives bonus factors introductory gives to entice new cardholders to use for its bank cards.

How do these intro gives work?

If you apply for a card with a bonus factors intro provide, you’ll obtain a specified variety of bonus factors after assembly the minimal spend necessities as set out by the provide.

An instance? Let’s say you apply for a card with an intro provide of 75,000 bonus factors. The provide states it’s essential to spend at the least $1,500 in your card inside the first three months from card approval.

So, all it’s worthwhile to do is spend $1,500 on eligible purchases inside that timeframe (these are often the identical kinds of transactions that permit you to earn rewards factors), and your account will then be credited with 75,000 factors to spend as you want.

It’s price declaring that as these gives are designed to draw new cardholders, they’re solely provided to new cardholders.

When it comes to ANZ Rewards playing cards, which means you can’t at present maintain, or have opened or closed any card inside the ANZ Rewards vary within the final 12 months.
 

Time to check ANZ Rewards playing cards to see how they work and what they’ve to supply.

💳 ANZ Rewards Card

Let’s begin out by introducing the traditional – or entry-level – card inside the ANZ Rewards vary. That is the ANZ Rewards Card.

ANZ Rewards Card
Annual Payment $80
Extra Annual Cardholder Payment $65 (as much as three further cardholders permitted)
Minimal Credit score Restrict $1,000
  Uncapped factors incomes inside the ANZ Rewards program is obtainable at a charge of:
  • 1 Reward Level per $1 as much as $1,000 per assertion interval
  • 0.5 Reward Factors per $1 thereafter
  • Intro Provide: 50,000 bonus Reward Factors while you spend $1,000 within the first three months

 

As a traditional rewards card, extras on the ANZ Rewards Card are fundamental. You get the usual set of safety and cost options, alongside entry to Cashrewards Max (ANZ’s cashback providing, which supplies cashback offers to cardholders once they spend with companion retailers).

To use for the ANZ Rewards Card, it’s essential to:

  • Be 18 years of age or over.
  • Be a everlasting Australian resident or a non-permanent resident with greater than 9 months remaining in your Visa.
  • Have credit standing.

ANZ doesn’t present a minimal revenue requirement on any of its ANZ Rewards vary. In case you are enthusiastic about making use of for a specific card, it may be a good suggestion to begin with the cardboard’s minimal credit score restrict to gauge anticipated spending ranges. Should you’re nonetheless not sure, contact ANZ to get a tough concept of what’s anticipated of you.

One other issue to take note of must be your anticipated spend – and whether or not it can provide worth when it comes to the rewards you earn.

To present you an concept of how this may work, you would want to spend round $30,000 per 12 months (or $2,500 per 30 days) on the ANZ Rewards Card to interrupt even after paying its annual payment.

On a month-to-month spend of $2,500, you’d earn 1,750 factors every month, or 21,000 factors per 12 months. This may equal $84 in cashback worth, or $94 in reward card worth, which might simply cowl the cardboard’s annual payment.

Boosting worth within the first 12 months, the 50,000 bonus factors would offer further worth of $200 in cashback or $217 in reward playing cards.
 

💳 ANZ Rewards Platinum Card

Shifting on up the ladder, the ANZ Rewards Platinum Card combines a better earn charge and a better factors shaping threshold, with a couple of platinum perks.

ANZ Rewards Platinum Card
Annual Payment $0 within the first 12 months, then $95
Extra Annual Cardholder Payment $65 (as much as 9 further cardholders permitted)
Minimal Credit score Restrict $6,000
  Uncapped factors incomes inside the ANZ Rewards program is obtainable at a charge of:
  • 1.5 Reward Factors per $1 as much as $2,000 per assertion interval
  • 0.5 Reward Factors per $1 thereafter
  • Intro Provide: 100,000 bonus Reward Factors while you spend $1,500 within the first three months

 

Platinum perks on the ANZ Rewards Platinum Card concentrate on complimentary insurances.

For abroad journey:

  • Worldwide Journey Insurance coverage
  • Transit Accident Insurance coverage

For journey inside Australia:

  • Rental Automobile Extra in Australia Insurance coverage
  • Interstate Flight Inconvenience Insurance coverage

On your purchases:

  • Buy Safety Insurance coverage
  • Prolonged Guarantee Insurance coverage
  • Assured Pricing Scheme

Cardholders may also profit from entry to a private concierge and Visa Affords + Perks.

Acknowledged eligibility standards is similar because the traditional ANZ Rewards Card, however you’d probably have to satisfy increased revenue necessities and different standards to get permitted for the Platinum card, due to its increased minimal credit score restrict.

And spend? To interrupt even on this card’s annual payment year-to-year, you would want to spend at the least $1,300 per 30 days or $15,600 per 12 months. On this spend, you’d earn 23,400 factors, equal to $94 in cashback worth, or $102 in reward card worth.

Bearing in mind the intro provide, you’d get $480 in cashback worth or $521 in reward card worth from the 120,000 bonus factors provide. On prime of that, any factors you do earn within the first 12 months are ‘free’, as a result of there isn’t any annual payment.
 

💳 ANZ Rewards Black Card

On prime of the ladder is the ANZ Rewards card, offering the vary’s highest earn charge and a few further perks on prime of what’s on provide on the Platinum card.

ANZ Rewards Black Card
Annual Payment $0 within the first 12 months, then $375
Extra Annual Cardholder Payment $65 (as much as 9 further cardholders permitted)
Minimal Credit score Restrict $15,000
  Uncapped factors incomes inside the ANZ Rewards program is obtainable at a charge of:
  • 2 Reward Factors per $1 as much as $5,000 per assertion interval
  • 1 Reward Level per $1 thereafter
  • Intro Provide: 180,000 bonus Reward Factors while you spend $2,000 within the first three months

 

Extras on the ANZ Rewards Black Card embrace the identical complimentary insurances because the ANZ Rewards Platinum Card, alongside entry to a private concierge and Visa Affords + Perks.

The principle further further comes within the type of Exclusives by ANZ, which primarily supplies entry to unique, invitation-only occasions.

Once more, the acknowledged eligibility standards for the ANZ Rewards Black Card is similar as the opposite playing cards inside this vary, nonetheless, you’d probably want to satisfy a lot stricter necessities when it comes to your revenue and credit score historical past to be able to be permitted.

So, how a lot would it’s worthwhile to spend to make paying that annual payment worthwhile? Should you spent $4,000 every month, or $48,000 per 12 months, you’d earn 96,000 factors within the 12 months. That equates to $384 in cashback worth, or $417 in reward card worth.

Within the first 12 months, you can get pleasure from further worth, as you pay no annual payment, whereas having fun with a lift from the bonus factors provide. Redeeming 180,000 factors, you’d get $720 in cashback worth, or $782 in reward card worth.
 

💳 ANZ Rewards Journey Adventures Card

Set exterior of the tiered choice of ANZ Rewards playing cards, the ANZ Rewards Journey Adventures Card focuses on journey advantages, that includes no worldwide transaction payment on purchases.

ANZ Rewards Journey Adventures Card
Annual Payment $120
Extra Annual Cardholder Payment $65 (as much as 9 further cardholders permitted)
Minimal Credit score Restrict $6,000
  Uncapped factors incomes inside the ANZ Rewards program is obtainable at a charge of:
  • 1.5 Reward Factors per $1 as much as $2,000 per assertion interval
  • 0.5 Reward Factors per $1 thereafter
  • Intro Provide: 40,000 bonus Reward Factors while you spend $1,000 within the first three months

 

The ANZ Rewards Journey Adventures Card mainly gives the identical extras because the ANZ Rewards Platinum Card, together with the complimentary insurances and private concierge service, whereas substituting entry to Visa Affords + Perks for no worldwide transaction payment.

Every of the opposite playing cards inside the ANZ Rewards vary prices a global transaction payment of three%, so that is what’s designed to set this card aside.

With a better annual payment than the Platinum card, nonetheless, you would want to spend extra per 30 days to see worth on the ANZ Rewards Journey Adventures Card.

To interrupt even on the cardboard’s annual payment, you would want to spend at the least $1,700 per 30 days, or $20,400 per 12 months. This may permit you to earn 30,600 factors per 12 months, equal to $122 in cashback worth, or $133 in reward card worth.

The 40,000 bonus factors provide would offer you an extra $160 cashback worth, or $173 reward card worth within the first 12 months.

🟢 Additional Cardholders

Within the card tables above, we talked about further cardholders, noting what number of further cardholders may very well be added to every account, and the way a lot every further cardholder would price in annual charges.

It’s price allowing for that including an extra cardholder to your account may help you to earn factors sooner. Nevertheless, sure elements should be considered earlier than you implement this selection.

First up, the extra cardholder annual payment. Whereas some playing cards enable further cardholders to be added to an account totally free, there’s a payment to do that on every card inside the ANZ Rewards vary.

Earlier than including an extra cardholder, think about how way more you’ll pay in annual charges to take action. Take into consideration whether or not that further price will likely be roughly than the worth of rewards the extra cardholder spending brings in.

It’s additionally a good suggestion to think about factors shaping and factors caps earlier than including an extra cardholder. Whereas the ANZ Rewards vary doesn’t cap factors, it does form factors, decreasing the earn charge as soon as a sure spending threshold has been reached.
 

🛒 Using Factors

Now it’s time to have a look at redemption choices. What are you able to get again in rewards while you redeem factors on the ANZ Rewards program?

ANZ Rewards at present gives 3 ways to redeem Reward Factors.

  • Present playing cards from a variety of outlets, the place 2,300 Reward Factors equal $10.
  • Cashback on the cardboard, the place 1,250 Reward Factors equal $5.
  • Switch to airline companions:
    • Asia Miles 3:1 (the place 3,000 Reward Factors equal 1,000 Asia Miles)
    • Air New Zealand Airpoints 200:1
    • Singapore Airways KrisFlyer 3:1
    • Velocity 2:1

ANZ states:

“A number of of our earlier redemption choices are nonetheless getting their ending touches, able to return within the coming months.”

First, some high quality print.

Solely the first accountholder can redeem factors to say rewards. In different phrases, further cardholders aren’t allowed to say rewards.

Additionally, you can’t declare a reward by pooling factors from various card accounts. So, you and your companion, for instance, couldn’t declare a reward from a pool of your two rewards balances.

Okay, rewards. As we talked about earlier, ANZ Rewards has obtained a makeover. In actual fact, it’s nonetheless within the means of ending up that makeover. Consequently, not all rewards can be found to say. Let’s check out what’s out there now – and what’s but to return.

Some issues to look out for embrace:

  • Merchandise redemptions, on objects comparable to electronics and homewares.<b
  • Auto-redemptions linked to companion packages.
  • Factors Plus Pay, which might permit you to make up the distinction in your card while you don’t have sufficient factors for the reward you need.
  • Bonus Factors Mall, the place you possibly can earn further Reward Factors while you store on-line with sure manufacturers.

 

You’ll be able to redeem your ANZ Rewards factors on a variety of eGift playing cards. Retailers embrace well-known names comparable to Amazon and Apple, Large W and Bunnings, Dan Murphy’s, Myer and Sephora.

Experiences are additionally on the desk, via eGift playing cards for Endota Spa and Occasion Cinemas, Pink Balloon and Ticketmaster. And, whilst you can’t e-book journey together with your factors proper now – extra on that in a minute – you possibly can decide up a Flight Centre eGift card together with your factors.

Fortunately, ANZ Rewards utilises a standardised redemption worth throughout all eGift playing cards, so you realize you’re going to get the identical worth, no matter which eGift card you select. There are additionally a variety of denominations on provide (relying on retailer), so you possibly can redeem massive or small.

Listed here are the variety of factors you would want to redeem for every main eGift card worth.

  • 2,300 factors = $10 eGift card
  • 5,560 factors = $25 eGift card
  • 11,115 factors = $50 eGift card
  • 22,225 factors = $100 eGift card
  • 55,560 factors = $250 eGift card
  • 111,000 factors = $500 eGift card

 

Alternatively, you can redeem your factors to cut back the stability in your card, or prime up your eligible ANZ checking account.

With this selection, you’ll obtain $5 cashback for each 1,250 factors you redeem.

As you possibly can see from the examples above, cashback gives barely much less worth on redemption than reward playing cards.

To get pleasure from $10 of eGift card worth, you would want to redeem 2,300 factors, whereas $10 of cashback worth would require 2,500 factors.

As with every reward, you would want to weigh up the professionals and cons of every redemption choice, to seek out out the place the true worth lies for you.
 

    ✈️ Using Factors for Journey

Previous to its makeover, ANZ Rewards allowed cardholders to e-book journey utilizing factors through its ANZ Vacation Rewards service.

As this is among the providers that’s but to be reinstated, utilizing factors for journey inside ANZ Rewards can now solely be achieved by redeeming factors for a Flight Centre eGift card, or by transferring factors to one of many program’s frequent flyer companions.

You’ll be able to switch ANZ Reward Factors to Cathay Pacific’s Asia Miles program at a charge of three:1 (the place 3,000 Reward Factors equal 1,000 Asia Miles).

Transfers begin at 3,000 Reward Factors, going up in increments of 1,500 Reward Factors. ANZ Rewards notes a redemption time of as much as 18 enterprise days to finish every switch.

  • Air New Zealand Airpoints

You’ll be able to switch ANZ Reward Factors to Air New Zealand’s Airpoints program at a charge of 200:1 (the place 200 Reward Factors equal 1 Airpoints Greenback).

Transfers begin at 2,000 Reward Factors, going up in increments of two,000 Reward Factors. ANZ Rewards notes a redemption time of as much as 6 enterprise days to finish every switch.

You’ll be able to switch ANZ Reward Factors to Singapore Airways’ KrisFlyer program at a charge of three:1 (the place 3,000 Reward Factors equal 1,000 KrisFlyer Miles).

Transfers begin at 1,500 Reward Factors, going up in increments of 1,500 Reward Factors. ANZ Rewards notes a redemption time of as much as 15 enterprise days to finish every switch.

You’ll be able to switch ANZ Reward Factors to Virgin Australia’s Velocity program at a charge of two:1 (the place 2,000 Reward Factors equal 1,000 Velocity Factors).

Transfers begin at 2,000 Reward Factors, going up in increments of two Reward Factors. ANZ Rewards notes a redemption time of as much as 5 enterprise days to finish every switch.

It’s price mentioning that to be able to switch ANZ Reward Factors to one of many program’s companions, you should be a member of that program.

ANZ Rewards additionally notes that transfers at present should be accomplished over the telephone by calling the ANZ Rewards Centre on 1300 367 763 throughout enterprise hours (8am to 8pm AEST, Monday to Friday excluding nationwide public holidays).

You can begin your redemption on-line, however you will want to name to confirm your particulars to be able to full the redemption inside seven days.

🔜 Coming Quickly

So, what else is within the pipeline for ANZ Rewards?

On its web site, ANZ says that a couple of of its earlier redemption choices are nonetheless “getting their ending touches”, and are set to return within the coming months. Right here’s what you possibly can count on as soon as this system’s makeover is full.

  • Merchandise: ANZ Rewards is “working to convey particular merchandise comparable to homewares or electronics again”. Merchandise rewards will probably be provided through the ANZ Rewards Retailer, or one thing comparable.
  • Bodily Present Playing cards: Proper now, ANZ Rewards solely gives eGift playing cards. Nevertheless, the financial institution states bodily reward playing cards will likely be making a comeback quickly.
  • Journey: ANZ doesn’t present any particular information concerning the return of ANZ Vacation Rewards. It could convey again this journey reserving service or one thing comparable, which might enable members to make use of their factors to e-book flights, lodging and actions.

Different issues to look out for embrace:

  • Auto-redemptions (permitting you to hyperlink to companion packages and switch your factors robotically to that program).
  • Factors Plus Pay (permitting you to make up the distinction in your card while you don’t have sufficient factors to redeem the reward you need).
  • Bonus Factors Mall (the place you possibly can earn further Reward Factors while you store on-line with sure manufacturers).

⚖️ Why Select ANZ Rewards?

ANZ Rewards is a effectively rounded rewards program, providing clear redemption choices within the type of cashback and eGift playing cards. Members even have the choice to switch factors to a pleasant choice of companion frequent flyer packages, providing conversion charges on par with different in-bank packages.

As ANZ Rewards completes its makeover, this system ought to present extra useability and adaptability.

When it comes to playing cards incomes ANZ Rewards, the tiered choice ought to permit you to select the extent of card that works in your spending, with some good perks on the upper finish choices. Whereas not one of the playing cards inside the ANZ Rewards vary caps factors, it’s price being attentive to factors shaping – and the way it might have an effect on your earn.

As for bonus factors gives, these will change over time, however they’ll present critical worth when the provide is large enough.

 

Photograph supply: Getty Photos

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