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ANZ Business Rewards Options Credit Card
ANZ Business Rewards Options Credit Card

ANZ Credit Cards

ANZ Business Rewards Options Credit Card

Updated 5 August 2020

The ANZ Business Rewards Options Card bridges the gap between reward perks and practicality for small business, you earn 1 Reward point for every $1 spent on eligible purchases. Earn 0.5 Reward points for every $1 spend on taxation payments. With up to 40 days interest free on purchases, you can maximise value with reward points for every dollar spent. It offers uncapped rewards points earning with the ability to convert points to Qantas, Cathay Pacific or Singapore Kris Flyer miles, or simply redeem the points for gifts and merchandise including business accessories. This is combined with useful itemised statements broken down by card holder and Unauthorised Transactions Insurance as standard.

Points Earn Rate (per $1 spent)

1 point

ANZ

Rewards Program

ANZ Rewards

Bonus Points

N/A

Pros and cons

  • Earn 1 Reward point for every $1 spent on eligible purchases. Earn 0.5 Reward points for every $1 spend on taxation payments3
  • Reward Points can be redeemed for frequent flyer points or gift cards3
  • Monthly statements broken down by card holder and GST estimate
  • Up to 40 days interest free on purchases2
  • Unauthorised Transaction Insurance protects your business against unauthorised card use for up to $37,500 per cardholder and $200,000 per claims in any consecutive twelve month period of cover.1
  • Transit Accident Insurance covers eligible cardholders and their spouses and dependant children with the cardholder for certain injuries and loss of life sustained on a trip, the full cost of which was purchased with the cardholder’s card.1
  • Ability to set a monthly cap on spends by card holder
  • Ability to upload your own logo or image on to the card
  • Worldwide emergency card replacement

  • High standard purchase rate
  • Rewards Fee of $75 per card per year

Creditcard.com.au review

Editor Review

ANZ Business Rewards Options Credit Card

Roland Bleyer
Credit Card Expert with over 15 years card experience and the founder of Creditcard.com.au. 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 access to a flexible rewards program, with redemption options including Qantas, plus gift cards, shopping vouchers and Points Plus Pay against your card purchases. Aside from rewards, the card also offers insurance cover and business tools that can help track and control spending.

What we love...

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 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 travel, you could earn points on the Qantas Frequent Flyer program, but bear in mind, to do this you need to be a member the 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 mean looking at the overall cost of keeping that card, and weighing that against the value of what it has to offer. The annual fee on the ANZ Business Rewards Options Credit Card is quite high – plus you have to pay a Rewards Fee 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 insurance cover in the form of unauthorised transactions insurance and transit accident insurance. With unauthorised transactions 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. Transit accident insurance covers certain injuries and loss of life sustained on a trip purchased with your card.

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. One additional feature we also like is ANZ Design My Card, which allows you to personalise your card with an image of your choice at no extra cost, providing some free marketing when you hand your card over to pay for stuff.

Overall Rating

Offering access to ANZ’s rewards program, the ANZ Business Rewards Options Credit Card makes it easy to earn something back on business spending, while offering a number of functional tools and features.

User reviews

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 limt $1,000

Maximum credit limit N/A

Fees & repayments

Annual fee $200 p.a.

Additional card holder fee Rewards fee $75 p.a. per card

Foreign transaction fee 2.5%

Minimum repayment 2% or $10 - whichever is greater

Cash advance fee 2%

Late payment fee $35

Rewards and points

Rewards program

Rewards Program ANZ Rewards ANZ Rewards

Bonus points N/A

Annual points cap uncapped

Bonus points spend criteria N/A

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 Yes

Smartphone Screen Insurance No

Purchase Protection Insurance No

Extended Warranty Insurance No

Rental Vehicle Excess In Australia Insurance No

Extras

Unauthorised Transactions Insurance1

Overview

ANZ Business Rewards Options Credit Card

Make running your business more rewarding with entertainment and gifts3 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.
1. Unauthorised Transactions Insurance and Transit Accident Insurance are part of a Group Policy issued by AWP Australia Pty Ltd ABN 52 097 227 177 AFSL 245631 (trading as Allianz Global Assistance) under a binder from the underwriter, Allianz Australia Insurance Limited ABN 15 000 122 850 AFSL 234708 to Australia and New Zealand Banking Group Limited (ANZ) ABN 11 005 357 522 AFSL and Australian credit licence 234527 which allows eligible ANZ account holders and cardholders to claim under the Group Policy as third party beneficiaries. The eligibility criteria, terms, conditions, limits and exclusions of the group policy are set out in the ANZ Commercial Cards Terms and Conditions (PDF1.5MB) which may be amended from time to time. ANZ does not guarantee this insurance. Any advice has been prepared without taking into account your objects, financial situation or needs. You must check whether or not it is appropriate, in light of your own circumstances, to act on this advice.
2. Interest free days do not apply if you do not pay your Closing Balance (which includes any outstanding balance transfers, cash advances, purchases and Promotional Plans) in full by the due date each month. Payments to your account are applied in the order set out in the ANZ Commercial Card Terms and Conditions.
3. Reward Points and Bonus Reward Points accrue in accordance with the ANZ Business Rewards Program Terms and Conditions. Eligible purchases exclude interest, government charges (apart from taxation payments), fees, balance transfers and cash and cash equivalent transactions. Taxation payments include all payments to the Australian Taxation Office and other taxation bodies.

Key features

  • 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
  • Up to 40 days interest free on purchases2
  • Unauthorised Transaction Insurance protects your business against unauthorised card use for up to $37,500 per cardholder and $200,000 per claims in any consecutive twelve month period of cover.1
  • Ability to set a monthly cap on spends by card holder
  • Ability to upload your own logo or image on to the card
  • Worldwide emergency card replacement
  • Verified by Visa - free additional online security for transactions
  • Rewards Fee of $75 per card p.a.

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

Roland B Bleyer

Roland B Bleyer founded Creditcard.com.au in 2005 and has extensive knowledge about credit cards. He personally answers all questions and write the editor reviews for each card here. Always keen to share his passion to educate consumers and help you select better suited credit cards.

Recently Asked Questions

Something you need to know about this card? Ask a 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?
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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