How do ANZ rewards points work?

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.

What are credit card points?

Points are incentives that can be accumulated through your credit card's cash back, reward or loyalty programs, typically in point, cash back or miles categories.

What is ANZ Cashrewards Max?

Launched on 23 August 2021 in partnership with Cashrewards, the ANZ Cashrewards Max program gives the bank's customers an easy way to collect cashback on their shopping with brands including Apple, ASOS, THE ICONIC, rebel, Uniqlo and Uber Eats. How much cash you get back depends on where you use your ANZ card and the actual offer.

What is the average cashback rate at Cashrewards?

But as a basic guide, Cashrewards said its members earn an average of 7% back per offer – and ANZ cardholders could get more through Cashrewards Max. As an example, say you spent $200 shopping with a Cashrewards partner. With a 7% cashback rate, you'd get $14 back. Some Cashrewards offers actually show you the amount of cash you'll get back.