ANZ Business Rewards credit cards

Turn business expenses and tax payments into rewards with an ANZ Business Rewards credit card. Compare and review options to make an informed decision.

By   |   Verified by David Boyd   |   Updated 5 Jun 2023

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Comparing ANZ Business Rewards credit cards

ANZ Business Black Credit Card

ANZ Business Black Credit Card

Balance transfer

N/A

Purchase rate

20.24% p.a. ongoing

Annual fee

$0.00 for 1st year

Highlights

  • Receive 100,000 bonus Reward Points when you spend $6,000 on eligible purchases in the first 3 months from approval
  • Save $300 with no Annual Card Fee and save $75 per card with no Rewards Fee for the first year on a new ANZ Business Black credit card (Terms and Conditions apply).
  • Earn 1.5 Reward Points per $1 spent on eligible purchases up to and including $10,000 per statement period.
  • Complimentary Unauthorized Transactions Insurance, International Travel Insurance, and Transit Accident Insurance for overseas travel.

Pros

  • Substantial sign-up bonus for new qualifying customers.
  • Earn 1 Point per $1 spent on eligible business purchases.
  • Tax payments to the ATO also earn points (at a reduced rate).
  • Points can be transferred to several different airline frequent flyer programs.
  • Comes with complimentary international travel insurance.
  • Also has extended warranty, fraud protection, purchase protection insurance, and transport accident insurance.
  • Cardholders have access to ANZ's concierge service.
  • Add unlimited cardholders for free to share the account with staff.
  • Works with Apple Pay, Google Pay, and Samsung Pay, making payments more convenient.
  • Get a data feed for Xero, MYOB, and QuickBooks, making accounting and bookkeeping more streamlined.

Cons

  • The card's ongoing annual fee is $300 p.a. after the first year's waiver.
  • Transactions made in a foreign currency or online attract a 3% fee.
  • No introductory offer on purchases and interest is charged at 20.24% p.a.
  • No balance transfer offer.
  • Earn rate drops after $10,000 spent per statement period.

Looking for a credit card that can earn you rewards while you spend for your business? Credit cards linked with the ANZ Business Rewards program offer a range of features and benefits designed to meet the needs of different businesses.

How to compare ANZ Business Rewards credit cards

There are several factors to consider when comparing ANZ Business Rewards credit cards.

  1. Earn rate. Check how many ANZ Business Rewards Points can be earned per dollar spent on the card since the earn rate can vary.
  2. Tiers and caps. Are there any restrictions on how much you can earn? For example, it may be that the highest earn rate is only possible on a certain amount spent per month, dropping to a lower earn rate for the rest.
  3. Perks and benefits. Does the card come with insurance that would be useful? Would you or your team use the concierge service? Is the annual fee worth paying if you don't use them?
  4. Fees and charges. Be sure to compare the fees of each card to find the best value for your business. If you have plans to give staff cards, check what that might cost to do.
  5. Credit limits. Make sure the maximum credit limit is sufficient to meet your business's needs. Making payments repeatedly throughout the month is far from ideal to avoid exceeding the limit.
  6. Eligibility requirements. Check the eligibility requirements for each card to make sure your business qualifies. If in doubt, contact ANZ and clarify details before applying (to reduce the likelihood of being declined).

What you need to apply

Here, you can provide a list of the documents and information that businesses need to provide when applying for an ANZ Business Rewards credit card, such as:

  1. Business details. You'll need to share your ABN or ACN, structure (sole trader, partnership, company, etc.), business address, and contact details.
  2. Financial information. ANZ will need annual revenue or turnover details, outstanding debts or liabilities, bank statements, tax returns, etc.
  3. Identification. Typically a driver's license, passport, or Medicare card.

Pros and cons

Pros

  • Earn rewards on business purchases. Earn ANZ Business Rewards Points on eligible purchases such as office supplies, travel expenses, and more.
  • Taxation payments can earn too. Although the earn rate is lower for ATO payments, not having to use a third-party payment processor to pay with a points-earning card means you can save cash on their fee (if you are determined to get rewarded on ATO spend).
  • Points can be transferred to airlines. ANZ Business Rewards has several airline partners, meaning booking a rewards seat is easier since you aren't limited to one airline.
  • Additional benefits. Some cards have complimentary travel insurance, unauthorised use insurance, etc.
  • Help with cash flow management. Benefit from up to 55 days interest-free on purchases, depending on the card. Excludes cash advances.
  • Customisable spending controls. Give employees cards with specific spending limits and controls on where they can be used.

Cons

  1. Higher fees and interest rates. ANZ Business Rewards credit cards generally have higher fees and interest rates compared to credit cards that don't earn rewards.
  2. Rewards program fee. There's an annual fee for ANZ Business Rewards in addition to the card's annual fee.
  3. Can lead to debt if not used responsibly. Plan to pay off the balance in full each month to avoid paying interest on any outstanding balances, which will negate the value of any rewards earned.

FAQs

Do cash advances earn ANZ Business Rewards Points?

No. Cash advances are not eligible purchases. Any transaction classified as cash equivalent will not be eligible either. These may include purchases of traveller's cheques, funding money transfers, and gambling-related transactions.

Are additional employee cards issued in the individual or business name?

Cards issued to additional cardholders will bear the company's and individual's names.

Can a new business get an ANZ Business Rewards credit card?

Without a trading history and tax returns, it isn't easy for a new business to get approved for a credit card, and that includes ANZ Business Rewards cards.

Can I use my ANZ Business Rewards credit card for personal expenses?

Generally, businesses use a business credit card to separate personal and business finances. Although you could run some personal expenses through the card, your accountant may not appreciate it!