ANZ Visa Business CashBack credit card

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The ANZ Visa Business CashBack credit card is a rewards business credit card that offers $1 cash back for every $90 spent on eligible purchases using the ANZ Visa Business CashBack credit card. It charges $95 annual fee and has a purchase rate of 20.95%.

This card might be suitable for business owners or principles who want to earn cashback rewards from their credit card and expect to earn more than enough rewards to offset the annual fee charged. Keep in mind there are other cashback credit cards with no annual fee so it is worth comparing rewards credit cards and taking into account the earn rate and the annual fee charged.

Rewards Points Cash Equivalent

$100 spend earns you $1.11 cash equivalent^.

^ To help you compare reward points across different credit cards and rewards programs, we provide an estimate of the cash-equivalent of the reward points that you will get back for every $100 you spend on eligible purchases with your card. The cash equivalent value given is an estimate only based on a specific redemption example. In some cases reward points cannot be redeemed for cash directly. See below to find out how the estimate was calculated.

Points Cash Equivalence Calculation

If $90 spend earns you 1 Cash back then $100 spend earns you (100/90) = $1.11 cash back.

Key Features

Purchase Rate: 20.95%
Cash Advance Rate: 20.95%
Balance Transfer: N/A
Annual Fee: $95.00
Interest Free Days: 55 days
Minimum Repayment:
Card Reward Details: Earn $1 cash back for every $90 spent on eligible purchases using the ANZ Visa Business CashBack credit card.
Credit Limit:
Other Fees: Extra card fee $5

IMPORTANT NOTE: please review the credit card details on the provider's website again before applying.

ANZ Visa Business CashBack credit card Review

Pros and Cons

We've compiled below the pros and cons of the ANZ Visa Business CashBack credit card to help you decide.

Pros

Cash Back Rewards
You can earn unlimited CashBack Rewards
Use your CashBack Reward however you please

Cons

Annual fee
Limited Benefits (no travel insurance or purchase protection etc)

What we like about the ANZ Visa Business CashBack Card

CashBack Rewards Program

The ANZ Visa Business CashBack Card offers a rewarding CashBack program in which you earn CashBack dollars on every eligible purchase, making it easier to accumulate rewards. It's also good to see that you can earn unlimited CashBack Rewards.

Unlimited CashBack Rewards

One of the standout features of the ANZ Visa Business CashBack Card is its unlimited CashBack Rewards. Other rewards credit cards have a cap on the amount for reward points you can collect so it's good to see that the ANZ Visa Business CashBack credit card does not have a cap.

Drawbacks of the ANZ Visa Business CashBack Card

Annual Fee

One of the primary drawbacks of the ANZ Visa Business CashBack Card is the annual fee of 95. While the card offers a decent cashback rate, the annual fee can be a significant cost for some users especially since there are other cashback credit cards that don't charge any annual fees. It is essential to weigh this fee against the potential cashback rewards you might earn.

Limited Benefits

This card offers limited benefits unlike other rewards credit cards.

Foreign Transaction Fees

If you frequently travel or make purchases from international retailers, the foreign transaction fees can be a considerable disadvantage. These fees can add up quickly, making the card less appealing for those who spend a lot overseas.

Is the ANZ Visa Business CashBack Card Right for my business?

Assessing Your Spending Habits

To determine if the ANZ Visa Business CashBack Card suits you, start by examining your spending. This card is ideal if you frequently use your credit card for business purchases. The more you spend, the more cashback you earn. However, if your spending is minimal, the benefits may not outweigh the annual fee costs.

Evaluating Your Financial Goals

Consider your financial goals. If you aim to save money through cashback rewards, this card could be beneficial. It offers a straightforward way to earn back a percentage of your spending. On the other hand, if you prioritise travel rewards or other perks, you might want to explore other options.

Considering Alternative Options

Before making a decision, compare the ANZ Visa Business CashBack credit card with other credit cards. Look at factors like interest rates, annual fees, and additional benefits. This will help you make an informed choice that aligns with your financial needs and goals.

How to Apply for the ANZ Visa Business CashBack Card

Step-by-Step Application Process

Applying for the ANZ Visa Business CashBack Card is straightforward. Follow these steps to ensure a smooth application:

Visit the ANZ website: Click "Apply Now" on this page to visit the ANZ website.
Complete the Application Form: Fill in your personal details, including your income, expenses, liabilities, and assets.
Upload Required Documents: Provide proof of identity and any other necessary documentation.
Submit Your Application: Once everything is filled out and uploaded, submit your application and wait for a response.

Approval Timeframe

The time it takes to process and approve your application can vary. Typically, you should expect to hear back within a few business days. However, delays can occur, so it's best to apply well in advance if you need the card by a specific date.

Tips for a Successful Application

To increase your chances of approval, consider the following tips:

Ensure Accuracy: Double-check all the information you provide to avoid any mistakes.
Prepare Your Documents: Have all necessary documents ready before you start the application.
Meet Eligibility Criteria: Make sure you meet all the eligibility requirements before applying.

Frequently Asked Questions

What are the age and residency requirements for the ANZ Visa Business CashBack Card?

You need to be at least 18 years old and a New Zealand resident to apply for the ANZ Visa Business CashBack Card.

What income and credit score do I need to be eligible?

While ANZ doesn't specify an exact income or credit score, having a steady income and a good credit history will improve your chances of approval.

What documents are needed to apply for the ANZ Visa Business CashBack Card?

You'll need to provide proof of identity, proof of income, and possibly other financial documents during the application process.

What are the main benefits of the ANZ Visa Business CashBack Card?

The main benefits include a cashback rewards programme.

Are there any drawbacks to the ANZ Visa Business CashBack Card?

Some drawbacks include annual fees, limited benefits, and foreign transaction fees.

How long does it take to get approved for the ANZ Visa Business CashBack Card?

Approval times can vary, but it usually takes a few days to a week to get a decision.

Eligibility Requirements:

Your eligibility for this card would depend on a few criteria listed below. When you apply for the card, ANZ would ask you a few questions about these criteria to determine your eligibility.

Income
Expenses
Debts
Assets
Savings
Investments

**You have to be a New Zealand permanent resident, and have a good credit history to apply for a ANZ Credit Card.

Documents:

In general the following documents are usually required for credit card applications.

Proof of Income

One of the following:

your most recent payslip or salary notice
copies of bank statements that show your pay or salary deposits
a letter from your employer confirming your income
an Inland Revenue Department (IRD) “summary of earnings” notice.

If you’re self-employed, you must supply:

signed financial statements for the past two years
a signed personal Statement of Financial Position
your personal tax return.

Proof of Identity:

A copy of one or two items from List 1. If you provide only one item from List 1, you must also provide one item from List 2.

List 1:

Current passport
New Zealand drivers licence
18+ card
Photo Credit Card

List 2:

Most recent bank statement
Debit card
Credit card
Community services card
Club or society card.

Are you interested in a rewards credit card? Compare ALL Rewards credit cards on our rewards credit cards page.

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What is the best credit card in New Zealand?

We've been asked this question a lot so we have compiled our pick of the best credit card in NZ but keep in mind that the best credit card for you depends on your personal circumstance and needs. To find the best credit card for you, we recommend that you compare all credit cards in NZ on our website or narrow down your search by popular credit card types as shown below. Use the top menu of the page to select more credit card types.