- Great uncapped points earning
- Free company liability insurance
- Itemised statements
Pros
Great uncapped points earning
Free company liability insurance
Itemised statements
Cons
High standard purchase rate
$75 per additional card holder per annum
100% of customers who have rated this card would recommend it
| Interest Rates | |
| Purchase rate | 20.24% p.a. |
| Cash advance rate | 21.74% p.a. |
| Interest free on purchases | up to 40 days |
| Balance Transfer | |
| Credit limits | |
| Minimum credit limit | $1,000 |
| Maximum credit limit | N/A |
| Fees & repayments | |
| Annual fee | $200 p.a. |
| Additional cardholder fee | $75 p.a. each |
| Cash advance fee | 2% |
| Foreign transaction fee | 2.5% |
| Minimum repayment | 2% |
| Late payment fee | $35 |
| Credit card type | Visa |
| Rewards program | |
| Rewards program |  ANZ Rewards |
| Annual points cap | uncapped |
| Bonus points spend criteria | N/A |
| Earning points with this card | |
| ANZ points | 1 point per $1 spent |
| Overseas earn rate | same as standard earn rate |
| Points cap per month | N/A |
| Complimentary insurance | |
| Flight inconvenience insurance | No |
| Transport accident cover | Yes |
| Smartphone screen insurance | No |
| Purchase protection insurance | No |
| Extended warranty insurance | No |
| Rental vehicle excess cover | No |
| Extras | |
| Unauthorised Transactions Insurance |
ANZ Business Rewards Options Credit Card
Roland Bleyer
Credit Card Expert with over 15 years card experience and the founder of Creditcard.com.au.
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 and Velocity, 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 or Velocity programs, but bear in mind, to do this you need to be a member of those 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.
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ANZ Business Rewards Options Credit Card
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 also maximise value with reward points for every dollar spent. It offers uncapped rewards points earning with the ability to convert points to Qantas, Velocity, 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 (including GST estimates) and company liability insurance on fraudulent transactions as standard.
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 purchases
- Company liability insurance on purchases made
- 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.
- Be over 18 years old
- Good credit and 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
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