One of the biggest things ANZ offers is familiarity. ANZ is a name all New Zealanders know. It’s a name you see everywhere, whether you’re watching the cricket on TV or wandering through your local shopping centre: ANZ and its big blue brand is there. When it comes to banking, that familiarity – that understanding of the sheer size of the bank you are with – can be comforting.
With that size also comes range. As a big bank, ANZ can offer a much broader range of banking products than you may find at smaller financial institutions. From personal loans and home loans, to bank accounts and credit cards, as a bigger bank, ANZ can offer more choice to its customers, allowing them to find the financial products that match their needs.
While ANZ certainly offers a wide range of financial products, we’re here to talk about credit cards. So, what types of credit cards does ANZ offer?
A low cost card is one that has a low interest rate or a low annual fee, or both. While these cards tend to be simple in their offering – keeping features to a minimum – they can offer a great way to save on outgoing costs, while still enjoying access to credit. Typically, these cards also have a lower minimum income requirement, so can work well for those who earn less.
Is a low rate card right for you? If you tend to carry a balance on your credit card, it’s best to keep your interest costs to a minimum so you can focus on paying off what you owe, rather than adding to it with interest. A card with a low interest rate could help with that.
Is a low annual fee card right for you? If you want to save money on outgoing costs, a card with a low annual fee could help. Instead of paying a higher annual fee for a card with lots of features, you could save with a simpler, low fee option.
If a low cost option sounds like it might work well for you, check out the ANZ Low Rate Visa.
Rewards cards allow cardholders to earn rewards on their credit card spending. These rewards can come in a number of forms, for example, you could earn cashback on your spending, or you could earn points that can be redeemed for rewards within a rewards programme.
Is a cashback rewards card right for you? If you want to earn something on your card spending but don’t want to be tied into a complex rewards programme, a cashback rewards card could provide a worthy alternative. You can earn a percentage of your card spending back each year to spend as you like, easy as that.
Is a rewards card right for you? If you are a frequent flyer, a card that earns points on a rewards programme such as Airpoints could be worth checking out. With these cards, you earn Airpoints Dollars on your card spending, which can then be redeemed within the Airpoints programme for flights and upgrades, merchandise and more.
Platinum cards tend to offer more features and extras, but they also have a higher annual fee and a higher minimum income requirement. Platinum features could include airport lounge access, overseas travel insurance and better earn rates when earning rewards.
Is a platinum card right for you? Platinum cards vary in their offering, with some offering basic extras and others offering extravagant features. If you want more from your card – and don’t mind the higher price tag – a platinum option could be for you.
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