ANZ rewards is a loyalty program forANZ credit card users. Cardholders who have an ANZ Rewards credit card can earn points for eligible spending with their card. These points can be redeemed for consumer merchandise and other goods and experiences or exchanged for airlinefrequent flyer points or cashback.
How do ANZ Rewards credit cards work?
As a cardholder, your expenditure using the ANZ Rewards Credit card determines your reward points. The accumulated points can be redeemed for flexible rewards such as gift cards, cashback, flight upgrades, and more. The points earned usually have an expiration period, encouraging regular usage of the cards.
David Boyd, the co-founder of Credit Card Compare, explains, "Suppose you are a regular traveller. In that case, an ANZ Rewards Credit card could help you earn points on travel bookings and other daily transactions, which can later be exchanged for flight upgrades or tickets with partner airlines. Thus, a routine expense can reap upgrades or even free travel benefits."
Different types of ANZ Rewards credit cards
ANZ has several cards attached to its ANZ Rewards program. They have varying points-earning rates and complimentary benefits. Generally, the higher the annual fee, the more quickly points can be earned and the greater the included benefits.
For those who wish to earn points, ANZ partners with Velocity, KrisFlyer and Asia Miles, and some are instead linked to Qantas Frequent Flyer rather than ANZ Rewards points. ANZ has a separate suite of cards that do not participate in the ANZ Rewards program.
How to choose an ANZ Rewards credit card
Choosing an ANZ Rewards Credit card should match your financial lifestyle and the way you spend. Here's a simple step-by-step method:
- Identify your spending habits.
- Analyse the reward options and choose what benefits you the most.
- Consider the annual fee and decide if the rewards outweigh the cost.
- Finally, apply through the ANZ website once you've made your decision.
Who ANZ Rewards credit cards are suitable for
ANZ Rewards Credit Cards can be suitable for a variety of financial lifestyles.
- Habitual shoppers: If you are a frequent shopper, these cards can earn points for every dollar spent at various stores.
- Regular travellers: Individuals regularly travelling for work or leisure can leverage these cards to earn air miles.
- Practical spenders: These cards are also beneficial for those who prefer cashback or discounts on their regular daily expenses.
