ANZ makes it harder to access sign-up bonus points

[Toni1303]

Anyone know when the terms changed?

“You are not eligible for this offer if you currently hold or have held an ANZ Frequent Flyer or ANZ Rewards credit card in the last 24 months.”

Just in case anyone else hasn’t posted about the specific date of change - just called ANZ re this - they confirmed it was changed to 24 months on 2nd May 2025. Any cards with a letter of offer before this date will still be in the 12 month rule. Hope this helps.

 

[bellroy26]

Hi guys, did anyone who apply and got approved in April receive the welcome bonus points already?

My partner got approved on 10 April, hit the minimum spend within the first month but did not receive the bonus points. Not sure how long ANZ typically deposits the bps. Reading the posts above I'm a bit worried we might be in the same situation too.

 

[Toni1303]

Hi guys, did anyone who apply and got approved in April receive the welcome bonus points already?

My partner got approved on 10 April, hit the minimum spend within the first month but did not receive the bonus points. Not sure how long ANZ typically deposits the bps. Reading the posts above I'm a bit worried we might be in the same situation too.

Hi. I got my card in March/April and got them quite quickly post min spend. My husband got his card 17th April - met min spend last statement period and is still waiting. You ask them and they say “up to 3 months” for bonus points to be deposited. They changed their period to 24 months post last ANZ card to be eligible for bonus points - but the did this on 2nd of May (I’ve had this confirmed with them both by phone and messages) - so any card in April will still be under 12 month rule. I think we just have to wait it out - but we will get them.

 

[bjm76]

Hi guys, did anyone who apply and got approved in April receive the welcome bonus points already?

My partner got approved on 10 April, hit the minimum spend within the first month but did not receive the bonus points. Not sure how long ANZ typically deposits the bps. Reading the posts above I'm a bit worried we might be in the same situation too.

Im in the same position. Approved on 1st of May, have met minimum spend, no bonus points yet... will wait until 3 months.. I have screenshot of the chat with ANZ saying I will get the bonus points...

 

[Kangol]

If you are looking for an alternative, the ANZ Business cc (ie QBR) still has a 12 month rule.
I made the spend in the first month and received the 100k bonus with the second statement.

ANZ Qantas Business Rewards credit card | ANZ

Earn uncapped Qantas points on eligible everyday business expenses with our Qantas Business Rewards credit card. Unlock value by applying for ANZ Qantas Business Rewards card online.

www.anz.com.au

 

[PointsTraveller!]

Been trawling a few threads but yet to find the answer.

I have churned all Qantas cards I can to date so moved onto velocity.

What banks let you apply for a QANTAS card and then a rewards/velocity card within the same waiting period?

EG; Westpac are fairly clear they don't allow this "Offer not available if you’ve held an Altitude Platinum or Altitude Black card with Altitude Rewards, Qantas or Velocity in the last 24 months. T&Cs apply."

Yet NAB is not as clear. Messaged their online portal and was told "As NAB Rewards and Qantas Rewards are separate programs, if you have obtained the Qantas sign up bonus within 18 months, you are excluded from receiving another Qantas bonus but the NAB Rewards program has its own separate eligibility criteria."

 

[bellroy26]

Hi. I got my card in March/April and got them quite quickly post min spend. My husband got his card 17th April - met min spend last statement period and is still waiting. You ask them and they say “up to 3 months” for bonus points to be deposited. They changed their period to 24 months post last ANZ card to be eligible for bonus points - but the did this on 2nd of May (I’ve had this confirmed with them both by phone and messages) - so any card in April will still be under 12 month rule. I think we just have to wait it out - but we will get them.

Im in the same position. Approved on 1st of May, have met minimum spend, no bonus points yet... will wait until 3 months.. I have screenshot of the chat with ANZ saying I will get the bonus points...

Just a dp, I got my second statement this week and the bonus points posted as well

 

[bjm76]

Just a dp, I got my second statement this week and the bonus points posted as well

Very nice, had you held a ANZ card from a different "family" within the 12/18 month period though?
I am on my 2nd statement now and no bonus points yet....

 

[bellroy26]

Very nice, had you held a ANZ card from a different "family" within the 12/18 month period though?
I am on my 2nd statement now and no bonus points yet....

Yes, had the same card 14 months prior. Hope you'll get it soon

 

[bjm76]

Yes, had the same card 14 months prior. Hope you'll get it soon

Woo hoo the 110K bonus poins appeared today, in the middle of a statement cycle. No sign of the $100 annual fee credit but maybe that is when the statement issues. Very happy camper now.

 

[MG1]

I'm getting close to taking out another card but with this news, it will obviously alter my strategy. With the Australian card market not being super-extensive, how do others manage this?

As I have a suite of "permanent" cards (multiple Amex, one of the big 4, plus one more), I obviously can't get any sign-on bonuses from those financial institutions.

With the 2-year exclusion periods, I could cycle through the other three of the big 4 every three years and then also cycle through Virgin Money, QF, BSA/BOM/StG, and maybe Citi. Are there any others that offer good sign-on bonuses? (I'm not considering BankWest due to needing to hang on to the card for 15 months.)

This is getting tougher, and that's before the potential reduction that may come about due to the recent RBA proposal.

 

[Tock]

FWIW, I reached out to ANZ via app chat and asked about waiving the wait period given I have mortgage + banking with them and previously held the Black card for 4 years. Currently at 16 months since last holding an ANZ card. As you might guess, they say no wriggle room to waive waiting period.

 

[Rick93]

My recent experience ...
Just wanted a cc that offered a reasonable parcel of QF points, with the usual condition of 'spend $xx_ in first 90 days'.
Applied to ANZ for one of their cards that only required a $2,500. spend in 90 days, to get the bonus of 70,000 points ( I think that's what the figure was ).
So, I got a call from ANZ, asking to clarify my supporting documents ...
Why do I only have a Taxable Income of $2,000. ?
That's because, as a Sole Trader business owner, I am able to claim various expenses against income ( the concept of 'Turnover' ).
This guy I spoke to ( from offshore somewhere ), just couldn't understand 'business turnover'.
I sent them my last four BAS documents ( printed from ATO website with Aust. Govt. letterhead / logos.
"We can't accept those as evidence of income".
But it clearly shows, my business income for last year, was $68,000. ( and the GST balances )
Nup. ANZ won't buy it.
Unless you pay a lot of tax, and you have a substantial 'taxable income', they won't accept you.
I even sent them a copy of a $35,000. Term Deposit I have with another bank, offering to transfer the funds over to ANZ ...
So, in the unlikely event I can't pay my credit card balance, they can look at doing something with my savings.
The guy said, that's not in the 'criteria'.
So ... ANZ don't like small business / sole traders. They can't get their heads around the concept of 'business turnover' Vs. 'personal income'.
Not everybody works 9-5 etc. etc.
( I also stated, I own my own property, so no mortgage or rent. I recently brought a new car at $40,000. Didn't make any difference to them ).

 

[Dinosaur]

Look at it from the banks point of view. You’ve told them your annual income is $2k.


Even if you earn $1,000,000. If you claim $999,998 of expenses at tax time it means you only have to $2k to play with because you are telling the ato that you spend $999,998 each year. That would go against responsible lending.

 

[Rick93]

Look at it from the banks point of view. You’ve told them your annual income is $2k.


Even if you earn $1,000,000. If you claim $999,998 of expenses at tax time it means you only have to $2k to play with because you are telling the ato that you spend $999,998 each year. That would go against responsible lending.

My point is ... I turn over some 5-6 thousand a month on a debit card. Money comes in - money goes out. I spend some $1,500. a month on fuel, and other car expenses. I get paid, and I pay my business expenses. They didn't even want to see my Statements from other bank. I didn't fit into their tiny little box, that they want their card holders to live in.

 

[Dinosaur]

But you’ve said that every single one of your expenses is work related which means essentially they have to happen, so each year you don’t have any spare money.

We all know that’s not The real case but it’s a huge negative of claiming every single thing you can at tax time. Same goes for excessive cash jobs. Greeeeat for everything except for when it’s time to do any lending.

 

[Rick93]

But you’ve said that every single one of your expenses is work related which means essentially they have to happen, so each year you don’t have any spare money.

We all know that’s not The real case but it’s a huge negative of claiming every single thing you can at tax time. Same goes for excessive cash jobs. Greeeeat for everything except for when it’s time to do any lending.

Seems to be a commonly held belief ...
However, after a lifetime of working up to 70 hours a week for NSW Govt. over 30 years, and being treated the way I was ... I looked for a way to keep earning an income and NOT pay any Personal Income Tax.
The particular job I do, allows me to claim as 'business deductions' what most 9-5 ers can't do. 100% car expenses, Meals, hotel expenses, travel memberships, part claims on home office running costs.
I don't live under a bridge either. Business class flights to London and France in past two years. Other short holidays. Restaurant for dinner 4 nights a week, and I have expensive tastes in alcohol !!
I have been getting by with just a debit card, but it would have been nice to get those extra QF points for what I spend.

 

[Rick93]

But you’ve said that every single one of your expenses is work related which means essentially they have to happen, so each year you don’t have any spare money.

We all know that’s not The real case but it’s a huge negative of claiming every single thing you can at tax time. Same goes for excessive cash jobs. Greeeeat for everything except for when it’s time to do any lending.

Seems to be a commonly held belief ...
However, after a lifetime of working up to 70 hours a week for NSW Govt. over 30 years, and being treated the way I was ... I looked for a way to keep earning an income and NOT pay any Personal Income Tax.
The particular job I do, allows me to claim as 'business deductions' what most 9-5 ers can't do. 100% car expenses, Meals, hotel expenses, travel memberships, part claims on home office running costs.
Would have been nice to get what others can get, but then the trade-off is ... I don't pay tax anymore. So, there you go ...