ANZ Qantas Business Rewards

Pauline Hatch

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

Who suits the ANZ Qantas Business Rewards card?

Business Ace: you want a smarter business strategy by earning points and freebies, tracking employee spending and simplifying accounts.

The ANZ Qantas Business Rewards is a new credit card that brings some interesting features to the market. It has an enormous bonus point offer and a number of ways to earn points on spending, including ATO payments. I like that it gives you the opportunity to earn even more extra points using your free Qantas Business Rewards membership.

It also makes tracking and tax-time easier with data feeds to popular accounting software, allows unlimited employee cards and has a range of business-related insurances. It’s a high-powered business credit card with a reasonable annual fee, which is waived for the first year.

Full Review: ANZ Qantas Business Rewards Card

From interesting ways to earn points to nifty tech and business perks, there are a lot of ways this card can work for your business. I’ll start by unpacking the bonuses.

To get the bonuses, you need to be a new applicant and you can’t have transferred from an existing ANZ business credit card or account.

This account comes with 55 days interest-free, which helps with cashflow. You can pay invoices as you’re able to throughout the 30-day statement period, and then you have an extra 25 days to pay the balance before interest is charged.

Mastering the 55 days interest-free helps maximise the value of your points and keep your business expenses down.

How does the card work for your business?

The ANZ Qantas Business Rewards card does a great job of simplifying invoices and tracking employee expenditure.

Here are some of the facilities you’ll get:

Lastly, you can get a decision on your credit card application in minutes with ANZ GoBiz, which connects to your accounting software to assess your financial data on the spot. You’ll need to be using Xero, MYOB or Inuit QuickBooks and have at least 12 months of reconciled data in AUD.

To apply you must have held an ABN/ACN for the previous 12 months and be registered for GST if your turnover is more than $75,000 per year (and no more than $10 million).

How many Qantas Points can you earn?

Besides the 130,000 bonus points, this card earns points on everyday business purchases too.

I’ll take a moment to highlight which transactions won’t earn points, according to ANZ’s terms and conditions:

BPAY payments, cash advances, Cash Equivalent Transactions and AFTs, bank fees, charges or interest charges, government fines, bond payments or when the account is in arrears. Check the ANZ terms and conditions for more information.

More deal-sweeteners and perks

ANZ has a few more extras to throw your way that make business life a little easier.

Domestic and international travel insurance. Any cardholder can access the complimentary travel insurance as long as they meet the eligibility criteria, which includes spending at least $250 of travel costs on the card. You may be covered for rental vehicle excess as well.

ANZ Global Business Concierge. You can use concierge services 24/7 in 12 languages for travel information and to book flights, hotels, restaurants and ticketed events. It also gives you access to priority tickets and discounts for special experiences, sporting events and trade shows.

Unauthorised Transaction Insurance. Your business will be insured against unauthorised transactions for up to $37,500 per cardholder and $200,000 for the account in any 12-month period.

Unlimited credit cards. There is no limit to the amount of cardholders you can add on, just be aware that each cardholder will cost $75 per year after the first 12 months.

What’s not so great

This is a card with a lot of convenience for business owners. The biggest downside is the Reward Fee for each employee that starts after the first 12 months - although there are other cards out there that charge far more than $75 a year.

I should also point out that your Qantas Points can’t be transferred or gifted to anyone. They are held in your Qantas Business Rewards account (which you’ll get free with the credit card, saving you $89.50) for you to use for business purposes.

Who is this card for?

Small to medium business owners will get the most value out of this card. It earns Qantas Points at a good rate and it’s a bonus that you can earn points on tax payments. Using points for services, travel and retail goods can help offset business costs, too.