Calculator: ANZ Rewards Points Value

ANZ Rewards Points have an average value of 0.4 cents each. They can be redeemed for cash back and gift cards as well as be transferred to several frequent flyer programs.

Here's our valuations for ANZ Rewards points:

Redemption options	Redemption value (in cents)
Point transfers to airline partners	0.25 - 1
Gift card redemptions	0.44
ANZ cashback	0.4

Point transfers to partners: 0.25 cents to 1 cent per point.

ANZ Rewards Points can be transferred to 4 airline programs: Virgin Australia Velocity, Cathay Pacific Asia Miles, Air New Zealand Airpoints, and Singapore Airlines KrisFlyer.

With airline miles in these programs ranging from 0.5 to 2 cents or more per point, there's opportunity for obtaining excellent value out of your ANZ Rewards points. This mostly holds true when transferring points to these partners and redeeming those rewards for upper class redemptions.

Calculator: ANZ points to airline miles

Gift card redemptions: 0.44 cents per point.

ANZ Rewards Points can be redeemed for digital gift cards starting at 2,300 points for a $10 gift card. The value and exact redemption values will vary depending on the gift card. There's over 20 gift cards to choose from including Amazon, Coles, David Jones, and Sephora.

Redeeming points for cash back: 0.4 cents per point.

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.

ANZ points to dollars

Use the ANZ Rewards Points Value Calculator to calculate the dollar value of ANZ Points based on the redemption values listed. This will give you an idea of how much your points are worth on average.

Enter any amount of points to calculate the dollar value.

Points

Redemption options	Average value
Transferring to airline partners	$0 - $0+
Redeeming for cash back	$0
Gift card redemptions	$0

How To Earn ANZ Rewards Points

ANZ offers two 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.

Credit Card	Card Details
ANZ Rewards Black 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 annual fee.
ANZ Rewards Platinum 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 annual fee (will be $149 starting 8 Nov 2023).