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Our verdict

No longer on the market

The ANZ Business Rewards Options Credit Card is not available for new applications. We’ve kept the details about this card online for existing customers and anyone else who is interested. You can compare the current range of ANZ cards on Finder.

Pros

50,000 bonus ANZ Rewards Points when you spend at least $3,000 on eligible purchases in the first 3 months
$0 annual fee for the first year
Earn uncapped Reward Points on eligible purchases
Cards for employees, with customisable spending limits and controls
Complimentary Unauthorised Transaction Insurance

Cons

Outside of promotions, this card charges an annual fee of $200 p.a.
It only offers up to 40 days interest-free on purchases, compared to cards with up to 55 days
The 20.24% p.a. interest rate for purchases is relatively high

The ANZ Business Rewards Options Credit Card is one of the few cards that offers points you can transfer to Qantas Frequent Flyer, as well as Velocity Frequent Flyer, Air New Zealand Airpoints, Singapore Airlines KrisFlyer and Asia Miles. Other rewards include gift cards and cashback on your account. If you're a new customer, you can also get value from the 50,000 bonus ANZ Business Rewards Points offer and a first-year annual fee waiver. But remember to budget for both the $200 p.a. annual fee – and $75 rewards fee per card – that apply from the second year on.

Details

Product details

Product Name	ANZ Business Rewards Options - DISCONTINUED
Purchase rate p.a.	20.24%
Interest-free period	Up to 40 days on purchases
Cash advance rate p.a.	21.74%
Min credit limit	$1,000
Card type	Visa

Eligibility

Available to temporary residents	No
Joint application	No

Rewards

Rewards program	ANZ Business Rewards
Bonus points	50,000
Rewards points per $ spent	1

Fees

Annual fee	$0 first year ($200 after)
Minimum monthly repayment	2% of the closing balance or $25, whichever is greater
Late payment fee	$35
Foreign currency conversion fee	3%
Cash advance fee	1.5% or $1.50, whichever is greater
Overseas cash advance fee	1.5% or $1.50, whichever is greater
Additional cardholder fee	$0

How to apply

You can apply for the ANZ Business Rewards Options Credit Card online in around 20 minutes through ANZ GoBiz. For this option, you need to connect your accounting software (Xero, MYOB or Intuit QuickBooks).

Alternatively, you can request a callback through the ANZ website or call 1800 032 481 between 8am and 6pm (AEST), Monday to Friday. Before you apply, make sure you and your business meet the eligibility requirements and have the necessary information to complete the application:

Eligibility criteria

Eligible business. Applicants must be acting on behalf of a business entity operating in Australia. Eligible businesses include sole traders, partnership or company, trust, association or co-operative.
Authorised employee. You must be authorised to open an account on behalf of the business entity.

Residency. At least one director, partner or proprietor applying for the account must be a permanent Australian resident.
Business use. You must confirm that you're using the card solely or predominantly for business purposes.
Age. Applicants must be at least 18 years old.
ANZ GoBiz online application requirements. If you're applying through ANZ GoBiz, you need to have been operating under the same ABN or ACN for at least 6 months, have at least 6 months of reconciled financial data in Australian dollars and be registered for GST if your business turnover is at least $75,000 per annum. Your annual turnover also can't be over $10 million.

Required documents

Business details. You'll need to include the business' registered ABN, ACN, trading address, mailing address and confirm the type of business entity it is.
Personal details. This includes the name, date of birth, address, income and details of expenses, assets and liabilities for each director, partner or proprietor applying for the account. You also need to provide personal details for each additional cardholder and authorised signatory.
Existing accounts and liabilities. Confirm any existing business accounts or loans with ANZ or other institutions. You'll be asked to include the type of facility and the institution it's with, as well as the purpose of the account or loan and the current credit limit.

Card benefits

50,000 bonus ANZ Reward Points. You'll get 50,000 bonus points when you apply for the ANZ Business Rewards Options Credit Card as a new customer and spend $3,000 on eligible purchases in the first 3 months from card approval. The bonus points will be credited to your account within 3 months of meeting the spend requirement. Eligible purchases include most everyday transactions, such as office supplies, petrol and dining out. Transactions that don't earn points include cash advances and balance transfers.
First-year annual fee waiver. You'll save $200 on the card's annual fee and $75 per card on the rewards fee for the first year. These fees will then be charged on the anniversary of your account opening each year. Please note ANZ may withdraw this offer at any time.

ANZ Business Rewards. For a fee of $75 per card per year, you'll get 1 ANZ Reward Point per $1 spent on eligible purchases and 0.5 points for every $1 spent on taxation payments. You can redeem your points for merchandise, gift cards, travel or exchange them for Qantas Frequent Flyer Points, Velocity Points, Air New Zealand Airpoints Dollars, Asia Miles and Singapore Airlines KrisFlyer Miles.
Additional cards. You can manage your employee spending and maximise the number of points earned by requesting additional cards for employees. Customisable features include monthly spend caps, transactions limits and merchant category controls.
Expense tracking. This card offers a simple, monthly statement with transactions sorted by cardholder. You can also set up data feeds for accounting platforms including Xero, MYOB and Intuit QuickBooks.
Unauthorised transaction insurance. Your business is protected against fraudulent misuse for up to $37,500 per cardholder and $200,000 maximum for the total account in a 12-month period.
Complimentary transit accident insurance. You'll be covered for injuries and loss of life sustained on a trip purchased with the card. Eligibility requirements, exclusions and other terms and conditions apply.
Security. This account offers 24/7 monitoring by ANZ Falcon and the ANZ Fraud Money Back Guarantee. It also offers worldwide emergency credit card replacement.

Rates & fees

Annual fee. Outside of any promotions, this card charges a $200 p.a. annual fee. If you enrol in ANZ Business Rewards, an additional $75 yearly fee per card also applies.
Purchase interest rate. Purchases will collect the 20.24% p.a. interest rate.

Cash advances. If you use your card for a cash advance, such as an ATM withdrawal, you'll be charged a 21.74% p.a. cash advance rate. A cash advance fee of 1.5% (or a minimum of $1.50) also applies.
Interest-free days. This card offers up to 40 interest-free days on purchases when you pay your balance in full by the statement due date.
Credit limit. You can apply for credit limits starting from $1,000.

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Amy Finder

Editor

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Sheryll

January 30, 2018

I have a business black Visa card but am being charged daily interest. What is the best ANZ product including rewards is suggested?

Arnold

February 02, 2018

Hi Sheryll,

Thanks for your inquiry

Please note that we are unable to recommend a specific card but we can help you compare your options.

It looks like you’re already on the review page of ANZ Business Rewards Options Visa Card. You can compare all ANZ cards featured on our site by clicking this link. (https://www.finder.com.au/credit-cards/anz-credit-cards) You may also check out other rewards card from different brands by clicking this link. (https://www.finder.com.au/credit-cards/rewards-credit-cards)

Hope this information helps

Cheers,

Arnold

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Desiree

February 09, 2017

What is the conversion ratio of reward points to each of these airlines:

1)Qantas

2)Virgin Australia

3)Singapore

4)Cathay

Anndy Lou Finder

February 09, 2017

Hi Desiree,

Thanks for your question.

The conversion rates from ANZ Business One Visa Rewards to a frequent flyer program are as follows:

Qantas Frequent Flyer – 2 Reward Points for 1 Qantas Frequent Flyer point

Velocity Frequent Flyer – Redeem multiples of 2,250 Reward Points

Singapore Airlines KrisFlyer Miles – Redeem multiples of 3,000 Reward Points for 1,500 KrisFlyer Miles

Asia Miles– Redeem an initial minimum of 3,000 Reward Points for Asia Mile, additional multiples of 1,500 Reward Points thereafter

For more information about the transfer requirements, you can read our guide about transferring frequent flyer points.

Cheers,

Anndy

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Ryan

April 01, 2016

How do I attach an existing credit card to my new qantas frequent flyer points?

Sally McMullen Finder

April 06, 2016

Hi Ryan,

If you’re using the ANZ Business One Visa Rewards credit card, you can’t directly link your Qantas account to the card. Instead, you’ll have to nominate your Qantas account when you choose to redeem your ANZ Rewards for Qantas Frequent Flyer points.

Just make sure you have your frequent flyer account name and number handy when you’re redeeming points.

I hope this has helped.

Cheers,

Sally

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matt

January 29, 2016

Does the anz business one reward program offer free travel insurance (including cancellation to due to sickness) when redeeming flights

Jonathan Finder

January 31, 2016

Hi Matt,

Thanks for your inquiry!

While free travel insurance is not included with the ANZ Business One credit card, the following complimentary insurances are included:

Company liability insurance.

You will get the benefit of protection for your business from fraudulent misuse of your credit card account. Coverage of up to $37,500 for each cardholder and $200,000 for the entire account.

Transit accident insurance.

For trips purchased with the ANZ Small Business Visa Card, the cardholder and their family members are covered in the event of an accident during the trip for up to $250,000.

You can visit our guide to credit cards with free complimentary travel insurance and compare covers based on the length of your trip, age and what’s required to activate the insurance.

Please make sure to read the eligibility criteria, features and details of the policy, as well as the relevant Product Disclosure Statement of the policy before making a decision and consider whether the product is right for you. If necessary, speak to the insurance brand to verify any details.

Cheers,

Jonathan

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Sue

December 27, 2015

Who can use the Frequent Flyer points?

Can we link separate frequent flyer memberships to the one account with two card holders?

Sally McMullen Finder

December 29, 2015

Hi Sue,

Thanks for your question. Unfortunately, you can only link the card to one frequent flyer account. While additional cardholders can earn points with their purchases, all points will automatically transfer to the primary cardholder’s frequent flyer account.

I hope this has helped.

Cheers,

Sally

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ANZ Business Rewards Options Visa

Pros

Cons

How to apply

Eligibility criteria

Required documents

Card benefits

Rates & fees

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