ANZ Credit Cards

There are plenty of credit card options at ANZ, including cards that reward you in cash as you spend and a card that features an ultra-low annual fee. Alternatively, you can receive your rewards in the shape of travel benefits or save on interest with a low-fee card.

ANZ, the Australia and New Zealand Banking Group, offers a range of cards suited to different requirements. All cards come with a solid set of benefits including contactless payments, online banking and other services such as balance transfers.

ANZ credit cards for 2019

ANZ offers you the opportunity to earn rewards as you spend by collecting cashback or travel rewards. You can also pick from low-cost cards that reduce your interest charges or a card that offers a very low annual fee. Here are your options.

• Travel rewards credit cards

  Earn Airpoints Dollars as you spend with the ANZ Airpoints Visa and Visa Platinum credit cards. The standard card offers you one Airpoints Dollar for every $120 you spend on eligible purchases, while the Visa Platinum card earns you one Airpoints Dollar for every $75 you spend. Both cards offer $0 annual fee in the first year. Your earnings are uncapped and you could qualify for a welcome bonus when you apply, subject to spending requirements.

• Cash rewards credit cards

  If you prefer your rewards as cash, consider the ANZ CashBack Visa card. You will earn up to 1.0% back on your spending, with 0.5% on amounts between $5,000 and $9,999 and 1.0% on amounts from $10,000 to $30,000. The CashBack Visa Platinum card offers unlimited cashback earnings. Both cashback cards offers $0 annual fee on the first year. You need to spend a minimum of $5,000 per statement year to qualify for cashback with the ANZ CashBack range of cards, and cashback is paid at the end of the year.

• Low-fee credit cards

  For the most affordable way to open an ANZ credit card account, look at the ANZ Low Rate Visa card and enjoy $0 annual fee for the first year. Thereafter, the standard fee will apply which charges just $35 p.a. in annual fees, payable in two equal instalments. You also benefit from a low purchase rate throughout the life of your card, but you won’t receive any rewards on your credit card spend.

• Balance transfer credit cards

  The ANZ Low Rate Visa card offers a balance-transfer option, allowing you to pay off the credit card debt you have with other providers while taking advantage of an ultra-low 1.99% p.a. interest rate on your balance transfer for a period of 12 months. After this 12-month period, your balance will attract interest at the standard purchase rate of 13.9% p.a.

• Business and corporate credit cards

  Manage your business expenditure with one of the many different ANZ business and corporate credit cards. These cards are suited to both small businesses and large corporations. Small businesses can earn travel rewards or cashback with an ANZ Visa Business Card, while corporate concerns can enjoy management flexibility with the ANZ Visa Purchasing Card.

Benefits of banking with ANZ

• Earn rewards as you spend. Apply for an ANZ CashBack Visa card or an ANZ Airpoints Visa card to earn rewards when you pay with your card. Keep an eye on minimum spending requirements that act as qualifiers for cashback, and note that the standard ANZ CashBack credit card has a cap on the maximum cashback amount you can earn. Every ANZ rewards card charges an annual fee, but depending on how much you spend on your card, you may find that the cash value of rewards can exceed what you pay in annual fees.
• Complimentary travel insurance. The ANZ CashBack Visa Platinum and ANZ Airpoints Visa Platinum cards offer free overseas travel insurance cover, subject to certain requirements. The headline requirement states that you have to pay for at least half of your travel expenses using a qualifying ANZ credit card. Always check whether your trip meets eligibility requirements using the dedicated section on the ANZ website.
• Special privileges for Platinum cards. Any ANZ Platinum card includes access to Visa Concierge, which will help you get tickets to shows, make restaurant bookings or make travel arrangements. ANZ Platinum cards also give you the option to buy foreign currency at 0% commission when purchased at any ANZ branch in New Zealand.
• Contactless and mobile payments. Your ANZ card is enabled for contactless payments for amounts of up to $80. Additionally, you can enrol your card with Apple Pay for easy and simple payments with your mobile phone, or you can activate your card through ANZ’s goMoney Wallet to enable tap-and-pay transactions for Android phones.
• Visa Zero Liability benefit. ANZ won’t hold you liable for any unauthorised transactions, provided you get in touch with ANZ within a sensible period of time after noticing that your credit card has been lost or stolen. ANZ will also replace your lost or stolen card, simply request a replacement card via Internet banking or the ANZ goMoney app.

How can I apply for an ANZ credit card?

If you decide a particular ANZ credit card product offers the best package for your credit card needs, simply complete the secure online application form. ANZ will contact you within one or two working days to confirm whether you have been successful. Check the eligibility and information requirements below before you start the application.

Eligibility requirements

• Age. Minimum age for all applicants is 18 or over.
• Residential status. Only citizens or residents of New Zealand can apply.
• Minimum income. ANZ suggests a minimum income requirement of $20,000 p.a. for most cards, although ANZ Platinum cards require $60,000 p.a.
• Credit history. You will need a credit file free of defaults to successfully apply.

Necessary documents and information

• Proof of identification. New customers need to supply an acceptable form of ID. There are numerous options, including your passport or driver’s licence.
• Employment and income details. ANZ will request the full details of your current employer as well as your current income.
• Existing debts and outgoings. The application form will require you to complete details of your current debts and regular expenses.
• Assets and savings. Any investments, savings and other assets you have should also be declared since this can boost your chances of a successful approval.

Frequently asked questions about ANZ credit cards

Look at the FAQ section below if you have any questions about the ANZ range of credit cards. If you can’t find the answer you need, just use the Ask an Expert box at the bottom of the page and we will get back to you with an answer.

• Do Airpoints Dollars expire and is there a limit to the Airpoints I can earn?

  As long as you remain the primary account holder of your ANZ Airpoints Visa or Airpoints Visa Platinum card, you will retain any Airpoints Dollars you have collected. There is no limit to the amount of Airpoints Dollars you can collect, so you can keep collecting until you have enough Airpoints Dollars to make your target redemption.

• How can I redeem my Airpoints Dollars?

  ANZ offers a number of redemption options, including the option to exchange your Airpoints Dollars for Companion Tickets, allowing you to take a companion on an Air New Zealand flight at a reduced rate. You can also redeem your rewards for flights, gift rewards to anyone who lives at your address, opt for an upgrade on qualifying airline tickets or book a rental car with your Airpoints Dollars.

• Which transactions qualify for rewards?

  If you pick an Airpoints Dollars earning card or a cashback card, you will get rewarded for almost all of your transactions at online and retail merchants. ANZ excludes some card transactions from rewards: you won’t get rewards for paying your taxes, balance transfers and paying for cash substitutes such as traveller’s cheques. Consult the ANZ website if you are unsure.

• How is the annual fee calculated?

  Each ANZ credit card charges a different, fixed annual fee. Your annual fee depends on the credit card you have chosen to apply for. The ANZ Low Rate credit card charges the lowest fee at $35 p.a. whereas the ANZ Airpoints Visa Platinum Credit Card charges an annual fee of $150.

• When do I pay the annual fee on my card?

  Annual fees are billed to your account in two instalments: half the annual fee is charged to your first statement, with the remaining half billed to your statement six months later. You will continue to be billed half of the annual fee every six months for as long as your account is open.

• Can I add an additional cardholder to my account?

  Yes, you can add an extra cardholder to your account. The extra cardholder will enjoy many of the same benefits as the main cardholder, though some card benefits may not be available. Each additional card will also carry an annual fee, but this will be less than the annual fee charged to the main account holder.

• How does a balance transfer work?

  You can transfer a balance from most other credit card providers and store cards to an ANZ Low Rate Visa card, but you can’t transfer a balance from another ANZ credit card. ANZ will pay off the requested amount at the provider of your choice and add the amount to your ANZ Low Rate credit card.

• What is the maximum amount I can transfer via a balance transfer?

  You can transfer as much as 95% of your total credit limit, less any existing outstanding balance you are carrying on your ANZ card. The minimum amount you can transfer is $100.

• Do I qualify for an interest-free period on purchases?

  If you clear your balance in full every month, you may be eligible for up to 44 days of 0% interest on the purchases you make on your card. However, if you carry a balance on your card, any further transactions will attract interest straight away.

• How much do I pay to use an ATM for a cash advance?

  Using an ANZ ATM will only cost you $1 per cash advance, while other ATMs in New Zealand will attract a $3 charge. Using a foreign ATM will cost you $5 plus applicable currency conversion fees. Note that cash withdrawn from your credit card account will attract an interest rate that is higher than the usual interest rate for purchases.

• Does ANZ charge extra for transactions in a foreign currency?

  You can use ANZ cards for transactions in foreign currencies and for transactions made overseas. The bank will convert the value of the transaction in a foreign currency to the NZD equivalent and add an additional 1.8% as a currency conversion charge. Using overseas ATMs for cash incurs an additional charge of $5 for each withdrawal.

• What is the minimum monthly repayment?

  To avoid default fees and a negative mark on your credit history, you should always make sure you meet the minimum monthly payment requirements on your ANZ credit card. This minimum amount will be shown on your statement and will include any interest charges for the month as well as other card charges, such as late payment fees, plus a fixed percentage of your total balance. You can ensure you never miss a minimum payment by setting up a service to automatically make payments.

• How do I dispute a transaction on my statement?

  If you don’t recognise a transaction on your statement, you should contact ANZ as soon as possible to log a dispute and to check whether there is any chance your account has been compromised. Any disputes need to be lodged within 60 days of the transaction.

• What do I do if I have been billed incorrectly?

  If you think you have been billed incorrectly, it is often best to contact the merchant first to try and resolve the issue. ANZ will assist you with incorrectly billed amounts if the merchant proves unhelpful.

Conclusion

With ANZ, you can pick between getting a credit card with the lowest cost and getting a credit card product which rewards you as you spend. Don’t forget that other banks in New Zealand also offer low-cost and rewards credit cards, so compare the different providers to find the product which best suits your personal needs.