ANZ Rewards Points Value: How Much Are They Worth?

Cash Back

ANZ Rewards Points can be redeemed for cash back at the rate of 1,250 ANZ Rewards Points for a $5 reward. This reward can be used to reduce the balance of your ANZ Rewards credit card or be added to an eligible ANZ bank account.

Points can be redeemed in increments of 1,250 points. Redemption time is 2 business days.

Gift Cards

ANZ Rewards Points can be redeemed for digital gift cards at a value of around 0.44 cents each. Redemptions start as low as 2,300 Rewards Points for a $10 gift card.

The value and exact redemption values will vary depending on the gift card.

Transferring ANZ Rewards Points

ANZ Rewards Points can be transferred to a handful of frequent flyer programs.

Use the ANZ Rewards Point Transfer Calculator to calculate the conversion of ANZ Points to airline miles.

How To Earn ANZ Rewards Points

ANZ offers four credit cards that you can use to earn points on everyday spending. If you're looking to get the most out of your local everyday spending, the ANZ Rewards Black credit card is a top choice, but if you plan on traveling internationally, you'll want to check out the ANZ Rewards Travel Adventures credit card.

Credit Card	Benefits	Annual Fee
ANZ Rewards Black Credit Card Card Value & Points Calculator	Earn 2 ANZ Reward Points for every $1 spent up to and including $5,000 per statement period. Earn 1 ANZ Reward Point for every $1 spent over $5,000 per statement period. Complimentary travel and purchase insurance.	$375
ANZ Rewards Platinum Credit Card Card Value & Points Calculator	Earn 1.5 ANZ Reward points for every $1 spent up to and including $2,000 per statement period. Earn 0.5 ANZ Reward points for every $1 spent over $2,000 per statement period. Complimentary travel and purchase insurance.	$95
ANZ Rewards Credit Card Card Value & Points Calculator	Earn 1 ANZ Rewards points for every $1 spent up to and including $1,000 per statement period. Earn 0.5 ANZ Reward points for every $1 spent over $1,000 per statement period.	$80
ANZ Rewards Travel Adventures Card Value & Rewards Calculator	Earn 1.5 ANZ Rewards points for every $1 spent up to and including $2,000 per statement credit. Earn 0.5 ANZ Rewards points for every $1 spent over $2,000 per statement credit. No Overseas Transaction Fees. Complimentary travel and purchase insurance.	$120