While the ANZ CashBack Visa offers clear advantages for everyday spenders, it’s important to take a moment to ensure it aligns with your personal financial habits and goals. This card rewards consistency and responsible repayment, but like any financial tool, it comes with both benefits and limitations. Below, we explore what makes this card a valuable option — as well as a few points to keep in mind before you apply — so you can make a well-informed decision that supports your lifestyle and spending preferences.
Benefits That Make a Real Impact
- Unlimited rewards with no complications: With the ANZ CashBack Visa, there’s no cap on how much cash back you can earn. Forget confusing point systems or rewards that expire — you’ll receive $1 for every $150 spent on eligible purchases, credited automatically once a year. It’s a transparent, no-fuss way to benefit from your everyday spending.
- Low annual fee for a rewards card: At just $40 per year, this card is one of the most affordable ways to earn rewards. Whether you use it for groceries, petrol, or bills, the return can easily outweigh the cost — especially for those who use their credit card consistently and pay it off each month.
- Robust digital banking and mobile payment features: With ANZ goMoney and Internet Banking, you can manage every aspect of your card — from setting up payments to freezing your card, changing your PIN, or tracking transactions. Plus, with Apple Pay and Google Pay, secure contactless payments are just a tap away.
- Dynamic security for safer online shopping: Unlike traditional cards, this one features a dynamic security code that refreshes every 12 hours inside the ANZ goMoney app. This significantly enhances security when making online purchases, reducing the risk of fraud and giving you peace of mind.
- Up to 55 days interest-free on purchases: By paying your balance in full each month, you can access up to 55 interest-free days — helping you manage cash flow, especially when covering essential living expenses. It’s a valuable feature that adds flexibility to how you budget and repay.
Things to Consider Before You Apply
- Higher interest rate for carried balances: With a purchase and cash advance rate of 20.95% p.a., this card can become costly if you carry a balance from month to month. To maximise the benefit of the CashBack Rewards, it’s best used by those who can consistently repay their full statement amount.
- Not suited for business use: This card is designed for personal use. Business-related purchases are excluded from the rewards programme, so if you're looking to earn on company expenses, a business-specific card would be more appropriate.
- Annual reward credit only: Unlike cards that offer monthly rewards or instant cashback, the ANZ CashBack Visa delivers your reward once per year, on your account anniversary. While the value is still significant, this setup may not suit users who prefer more frequent returns.
How to Apply for the ANZ CashBack Visa – Step-by-Step Guide
- Visit ANZ’s official website: Head to the “Credit Cards” section and locate the CashBack Visa among the available options.
- Begin your online application: Click “Apply now” and complete the form with personal, employment, and income information. The process is simple and user-friendly.
- Meet the eligibility requirements: To apply, you must be 18 or older, have a regular income, and be either a New Zealand citizen, permanent resident, or hold a valid visa with at least one year remaining.
- Wait for application review: ANZ will assess your application and may contact you if additional documentation or clarification is needed.
- Receive and activate your card: Upon approval, your card will be mailed to you. You can then activate it via the goMoney app or Internet Banking, and start earning cash back right away.
The ANZ CashBack Visa is a strong choice for those who want to make everyday spending more rewarding without diving into complex loyalty schemes. With unlimited earning potential, robust digital banking features, and enhanced card security, it’s ideal for disciplined cardholders who manage their balance well. Just remember — the real value comes when you pay your balance in full each month to avoid interest and maximise your return. Click the button below to apply through ANZ’s official website and start making your money work for you.
