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50,000 Spend $3,000 in the first 3 months from approval
Discontinued: ANZ Business Rewards Options Credit Card
Discontinued: ANZ Business Rewards Options Credit Card

ANZ Credit Cards

Discontinued: ANZ Business Rewards Options Credit Card

Updated 9 October 2023

As of 08 October 2023, this card became unavailable for application. This information has been left for those who still have the card or were previously interested.

Save with no annual card fee and no Rewards Fee in the first year plus, earn 50,000 extra Reward Points when you spend $3,000 on eligible purchases in the first 3 months from approval. Other card benefits include complimentary unauthorised transaction insurance, handy accounting data feeds to Xero, MYOB, Intuit QuickBooks, and more.



New card. T&Cs, eligibility criteria, fees, and charges apply.

Points Earn Rate (per $1 spent)

1 point

ANZ

Rewards Program

ANZ Rewards

Bonus Points

50,000 pts

Spend $3,000 in the first 3 months from approval

Pros and cons

  • Earn 50,000 extra Reward Points when you spend $3,000 on eligible purchases in the first 3 months from approval
  • No annual card fee in the first year ($200 thereafter)
  • Pay $0 Rewards Fee in the first year ($75 per card, per year thereafter)
  • Earn 1 Reward Point for every $1 spent on eligible purchases. Earn 0.5 Reward points for every $1 spend on taxation payments; uncapped
  • Reward Points can be redeemed for frequent flyer points or gift cards
  • Monthly statements broken down by card holder and GST estimate
  • Up to 40 days interest free on purchases
  • Unauthorised Transaction Insurance
  • Unlimited additional cards at no extra cost
  • Ability to set a monthly cap on spends by card holder
  • Worldwide emergency card replacement

  • High standard purchase rate
  • After the first year, a $75 Rewards Fee per card per year applies.

Creditcard.com.au review

Editor Review

Discontinued: ANZ Business Rewards Options Credit Card

Pauline Hatch
Pauline is a personal finance expert at CreditCard.com.au, with 8 years in money, budgeting and property reporting under her belt. about this card.

The ANZ Business Rewards Options Credit Card

Allowing you to earn points on your business spending, the ANZ Business Rewards Options Credit Card offers no Annual Card Fee and no Rewards Fee for the first year plus, 50,000 extra Reward Points, access to a flexible rewards program with redemption options including Qantas, gift cards, shopping vouchers, and Points Plus Pay against your card purchases. Aside from rewards, it offers an insurance cover and business tools that can help track and control spending.

What we love...

The ANZ Business Rewards Options card comes with attractive introductory offers - No Annual Fee (currently $200 p.a.) and Rewards Fee (currently $75 p.a. per card) in the first year plus, 50,000 extra Reward Points. This allows new cardholders to save as much as $275 in the first year and boost their rewards points at the same time. To take advantage of the no annual fee and rewards fee promo offer, you simply need to apply and be approved for a new card as well as spend $3,000 on eligible purchases in the first 3 months from approval to receive the 50,000 extra reward points. This offer may be terminated or withdrawn at any time without prior notice and make sure you review the full terms and conditions that apply.

As this is a rewards card, it would be remiss of us not to get into its rewards offering first. If you want to earn something back on your business spending, the ANZ Business Rewards Options Credit Card could give you a pretty good bang for your buck. You will earn uncapped points on your spending, with an earn rate of:

  • 1 Reward Point per $1 spent on eligible purchases,
  • 0.5 Reward Points per $1 spent on taxation payments.

Eligible purchases exclude interest, government charges (apart from taxation payments), fees, balance transfers and cash and cash equivalent transactions. It’s also worth pointing out that while there is no points capping in place on this card, there is points expiry. Any Reward Points you earn will ordinarily expire within 36 months, giving you around three years to save up for the rewards you want.

Earning points on ANZ’s own rewards program, you will have access to a number of redemption options. If you love to travel, you could earn points on the Qantas Frequent Flyer program, but bear in mind, to do this you need to be a member of these programs. Alternatively, you could redeem your points for gift cards or shopping vouchers, or cover select card transactions with Points Plus Pay.

Aside from its points-earning potential, the ANZ Business Rewards Options Credit Card also provides a range of functional features that may come in handy for you as a business owner. Tracking spending becomes easy with simple monthly statements with transactions sorted by cardholder, and you can also set monthly spending caps, transaction limits, and merchant category controls for each cardholder. In addition to this, you can utilise data feeds to Xero, MYOB, Intuit QuickBooks Online and many others.

What’s not so great...

Comparing cards means looking at the overall cost of keeping that card and weighing that against the value of what it has to offer. The standard ongoing annual fee on the ANZ Business Rewards Options Credit Card is quite high – plus after the first year, you will have to pay a Rewards Fee per card each year – but as long as you get more back in rewards and features, then it could still offer you good value. You can also add additional cardholders at no extra cost, helping you to earn points faster.

With a high rate of interest on purchases and cash advances, this card works better for cardholders who clear their balance each month by the due date. If you let interest accrue, you may struggle to find value in the rewards you earn.

Why should you choose this card?

If you want to earn points on ANZ’s flexible rewards program, the ANZ Business Rewards Options Credit Card offers a decent earn rate on most business spending. Aside from the business tools we already mentioned, it can also help you to manage cash flow with up to 40 days interest-free on purchases, as long as you pay off your balance by the due date each month.

Other handy features on the card include an insurance cover for unauthorised transactions. With unauthorised transaction insurance, you can protect your business against fraudulent card misuse for up to $37,500 per cardholder, up to a $200,000 maximum for the total account within any 12-month period.

Of course, being an ANZ card, it provides the service and support of a big four bank, including protection against fraudulent transactions with ANZ Falcon and the ANZ Fraud Money Back Guarantee.

Overall Rating

The ANZ Business Rewards Options Card bridges the gap between reward perks and practicality for small businesses. Offering no Annual Card Fee and no Rewards Fee for the first year plus 50,000 extra Reward Points and other handy features including access to ANZ’s rewards program, complimentary insurance cover as wellas a number of functional tools and features.

User reviews

Discontinued: ANZ Business Rewards Options Credit Card ( based on 2 Creditcard.com.au user reviews )

66% rating based on 2 reviews

Rates
Fees
Rewards
Customer Service
Value

Rates and fees

Interest rates



Purchase rate 20.24% p.a.

Cash advance rate 21.74% p.a.

Interest free period on purchases up to 40 days

Credit limits

Minimum credit limit $1,000

Maximum credit limit N/A

Fees & repayments

Annual fee $200 p.a.

Additional cardholder fee Unlimited, no extra cost

Foreign transaction fee 3%

Minimum repayment 2% or $25, whichever is greater

Annual fee the first year $0

Cash advance fee Consumer: 3% (in Australia); 3% of the amount or $4, whichever is greater (for overseas); Commercial: 1.50% or $1.50 whichever is greater

Late payment fee $35

Rewards and points

Rewards program

Rewards Program ANZ Rewards ANZ Rewards

Bonus points 50,000 points

Annual points cap uncapped

Bonus points spend criteria Spend $3,000 in the first 3 months from approval

Earning points with this card

ANZ Rewards points 1 point per $1 spent

Points cap per month N/A

Overseas earn rate same as standard earn rate

Additional features

Complimentary insurance

International Travel Insurance No

Flight Inconvenience Insurance No

Transit Accident Insurance No

Smartphone Screen Insurance No

Purchase Protection Insurance No

Extended Warranty Insurance No

Rental Vehicle Excess In Australia Insurance No

Extras

Unauthorised Transactions Insurance

Overview

Discontinued: ANZ Business Rewards Options Credit Card

Make running your business more rewarding with entertainment and gifts with the ANZ Business Rewards Options Credit Card.

Terms & Conditions
Standard variable interest rate, fees and charges are subject to change. Visit anz.com for more information.

Key features

  • Earn 50,000 extra Reward Points when you spend $3,000 on eligible purchases in the first 3 months from approval
  • No annual card fee in the first year ($200 thereafter)
  • Pay $0 Rewards Fee in the first year ($75 per card, per year thereafter)
  • Earn 1 Reward Point for every $1 spent on eligible purchases. Earn 0.5 Reward Points for every $1 spend on taxation payments
  • Unlimited Reward Point earning
  • Reward Points can be redeemed for frequent flyer points or gift cards
  • Monthly statements broken down by card holder and GST estimate
  • Accounting data feeds to Xero, MYOB, Intuit QuickBooks® Online and many more accounting software providers
  • Up to 40 days interest free on purchases
  • Unauthorised Transaction Insurance
  • Unlimited additional cards at no extra cost
  • Ability to set a monthly cap on spends by card holder
  • Worldwide emergency card replacement
  • Verified by Visa - free additional online security for transactions

Minimum criteria to apply for this card

  • Be over 18 years old

  • Good Credit and have not applied for multiple credit cards recently

  • Permanent Australian resident or non-permanent resident with more than 9 months remaining on your Visa

  • You have your personal details ready to complete the online application

Pauline

Pauline is a personal finance expert at CreditCard.com.au, with 8 years in money, budgeting and property reporting under her belt. Pauline is passionate about seeing Aussies win by making their money – and their credit cards – work smarter, harder and bigger

Recently Asked Questions

Something you need to know about this card? Ask our credit card expert a question.

5 questions (showing the latest 10 Q&As)

Janet

Janet

28 September 2018
Do reward points convert to frequent flyer points 1:1 ? ie one frequent flyer point for every reward point?
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    28 September 2018
    Hi Janet, no they do not. These are custom ANZ Rewards Points. You can get to know the ANZ Rewards program more here - https://anzrewards.com/. NAB have a good option with the Qantas Business Signature credit card inc 100k bonus Qantas points. AMEX are champions when it comes to points earning. Have a look at the American Express Qantas Business Rewards Card. This is a charge card rather than credit but with all these rewards cards they are best to be paid off in full each month.
Richard

Richard

28 April 2017
Hello, does this card earn points on paying GST and PAYG and business purchases and how many ANZ Reward points convert to 1 Kris Flyer(Singapore ) point. Thank you
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    1 May 2017
    Hi Richard, this card does not earn points for spends with the ATO. Check out the Westpac Altitude Business Platinum. Altitude Rewards terms explicitly specify points earn rates and that ATO transactions will earn points at those rates. Business transactions are included as this is a business card. 0.5 Altitude Rewards points per $ on Visa = 0.2 KrisFlyer / Asia Miles per $.
Mr Alan Christie

Mr Alan Christie

15 May 2016
Like a credit card for 15000 limit for business
Edwina

Edwina

22 October 2014
Does Business One Card give 50,000 frequent flyer points for new customers?
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    22 October 2014
    Hi Edwina, currently there is no bonus points offer on this card like some other ANZ products atm.
Kylie

Kylie

8 October 2013
Can you tell me how many points you earn per dollar on the rewards sytem and which rewards system it is
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    8 October 2013
    Hi Kylie, you earn 1 point for every dollar spent - redeemable through ANZ Rewards program. Points can be converted into frequent flyer points with Qantas, Air NZ, Cathay Pacific or Singapore Airlines. See the ANZ Business Rewards site for more information.
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