ANZ Rewards: An Overview for Beginners

ANZ Rewards is a loyalty program that allows customers to earn and redeem points using ANZ credit cards.

The program is known for its generous credit card sign up bonus offers and the flexibility of having the choice of several frequent flyer programs as transfer partners.

Compare the latest ANZ Rewards credit card offers.

Key takeaways

ANZ Rewards is a flexible points program that allows customers to transfer points to several frequent flyer programs.
The program offers two credit card options: ANZ Rewards Platinum and ANZ Rewards Black.
ANZ Rewards also offers a range of non-flight redemption opportunities for retail gift cards, credit card account cashback, and merchandise.

Earning ANZ Rewards Points

Earning ANZ Rewards Points is easy. All you have to do is use your credit card to make your purchases.

The ANZ Rewards program is available for eligible ANZ credit cards, such as ANZ Rewards Platinum and ANZ Rewards Black. Customers can earn points through the introductory sign up bonus and everyday spending.

Sign up bonus. ANZ's sign up bonuses change throughout the year, but have historically been among the most competitive offers in the market. A certain amount of spending will be required before the bonus will be deposited in your account.
Everyday spending. The number of points earned per dollar spent will depend on the specific credit card and the type of purchase.

You'll pay an annual fee for ANZ Rewards credit cards. It's important to read the Product Disclosure Statement to understand the rewards terms and conditions, including points expiry conditions.

Bonus point offers and promotions

ANZ Rewards occasionally offers bonus point promotions, allowing customers to earn extra points when they make certain purchases or meet spending thresholds if they are a new customer.

Redeeming ANZ Rewards Points

There are several ways to redeem your ANZ Rewards Points, the most valuable being a long-haul flight or upgrade.

Redeem points for flights

Customers can exchange their ANZ Rewards Points for frequent flyer points with Virgin Australia, Air New Zealand, Singapore Airlines and Cathay Pacific. Conversion rates vary depending on the airline chosen.

Merchandise and gift cards

ANZ Rewards also allows users to redeem points for merchandise from a catalogue and gift cards from various retailers.

Statement credits

Customers can redeem their points for statement credits to apply to their ANZ credit card account.

Transfer partners

As with many of the bank's rewards programs, ANZ Rewards Points can be transferred to several airlines. This is incredibly beneficial when booking a flight with points, giving you more flexibility.

Air New Zealand Airpoints. Transfer 200 ANZ Rewards Points to 1 Airpoints Dollar.
Cathay Pacific Asia Miles. Transfer 3 ANZ Rewards Points to 1 Asia Mile.
Singapore Airlines KrisFlyer. Transfer 3 ANZ Rewards Points to 1 KrisFlyer Mile.
Velocity Frequent Flyer. Transfer 2 ANZ Rewards Points to 1 Velocity Point.

FAQs

How much does it cost to belong to the ANZ Rewards program?

There is no cost other than the annual fee for the rewards credit card.

Do ANZ Rewards Points expire?

Yes. ANZ Rewards Points have a 36-month expiration period, starting on December 31 of the year in which the points were earned. For example, If points were earned in June, the 36-month period would begin on December 31 of that year and end on December 31 three years later. If you close your account, any ANZ Rewards Points must be redeemed within 90 days before they expire.

Is there any limit to the number of ANZ Rewards Points I can earn?

No. There is no absolute limit or cap on monthly or annual points earning. There is, however, a monthly spending threshold. The earning rate per dollar falls steeply once the threshold is reached.

How do I transfer ANZ Rewards Points to frequent flyer programs?

Customers can transfer points to frequent flyer programs by logging into their ANZ Rewards account and selecting the program into which they plan to transfer. The transfer will take between 5 and 18 business days to process, and minimum points transfer amounts apply.

What is the value of ANZ Rewards Points when redeemed for flights?

The value of ANZ Rewards Points when redeemed for flights can vary, depending on the type of fare they are used for (e.g. Economy, Premium Economy or Business) once converted to frequent flyer points, and the flight distance. Long-haul flights and premium fares usually deliver the best value, but you should be able to achieve a minimum value of 0.5 cents per point.

Can ANZ Rewards Points be redeemed for cashback?

Yes, customers can redeem their points for cashback to be credited to their ANZ credit card account.

What is the best way to spend ANZ Rewards Points?

Good question. It depends on your lifestyle. If you simply want to recoup the annual fee and then see how much you are earning on top of this, retail gift cards in high denominations may be your best bet. But if you are a regular traveller, you may derive a better dollar value by converting them into airline frequent flyer points.