Looking for a credit card with a rewards program that caters for the whole family? Well you’ve come to the right place.

When you make purchases using your Rewards Visa you’ll earn one point for every $1.50 you spend (up to $50,000). Points can be redeemed for holiday perks (through a number of airlines), cash back, electronics, adventure activities, movie tickets, vouchers, and even kitchen appliances.

Just remember that unfortunately, any rewards points earned on this card expire after 36 months (3 years) so you need to make sure you redeem your points before this happens!

While the interest rate on purchases is quite high, the annual fee is still relatively low compared to other rewards cards. No doubt these costs are applied to the ANZ Rewards Visa in order to account for the huge range of rewards on offer.

With an introductory offer the balance transfer rate for the ANZ Balance Visa is very affordable. So if you are looking for a good balance transfer rate then this card is one of a number of good options and comes highly recommended.

While it is similar to the ANZ Frequent Flyers credit card there is much more to choose from with the ANZ Rewards Visa, and with so much flexibility you sure to find a reward that tickles your fancy.

See all our top credit card picks in the Editor’s Choice category

FEATURES SUMMARY

 

 

• Annual fee: Low annual fee
• Purchase rate: Low p.a. purchase rate
• Cash Advance rate: Low p.a. cash advance rate
• Balance Transfer rate: Low p.a. balance transfere rate
• Interest-free days: Up to 44 days

• Extras:
  • Rewards
  • Phone/Internet banking
  • Visa Entertainment benefits
  • Worldwide emergency credit card replacement

The ANZ Rewards Visa Gold is the next step up from the standard ANZ Rewards Visa, so the majority of its features are exactly the same.

Like the ANZ Rewards Visa, you get 1 point for ever $1.50 you spend and these points are valid for 36 months. Interest rates are also the same on purchases* and balance transfers (after the 6 month introductory period).

But here’s where you the benefits of the ‘Gold’ rewards come into play…

You’ll get all the perks of a premium credit card and more, such as a higher credit limit, commission free traveler’s cheques, ANZ Falcon credit card security, and your maximum spend for earning points is double that of the standard card at $100,000. You’ll also get up to 55 days interest free on purchases* as opposed to just 44 on the standard rewards card.

These features enable this card to take out the #1 spot in the Editor’s Choice category for cash back credit cards category.

The annual fee on this card is a reasonable. So if you’re a reasonably big spender looking for a rewards program to accompany your spending habits then the ANZ Rewards Visa Gold is a good match.

See all our top credit card picks in the Editor’s Choice category

It’s a sad day when the only real difference between a gold and standard credit card is the price. Unfortunately that day has come.

Bank of Queensland’s Gold credit card has a low annual fee. Sure, this seems pretty average for a Gold credit card, but when you get down to the nitty gritty you can see that value for money is not something that was taken into account when they created it.

All the extra benefits are the same as the Blue Visa from Bank of Queensland, although there is the addition of international travel insurance and an increase in the purchase cover limit (which at $125,000 we have to admit is substantial). While international travel insurance is a good addition to a credit card, it doesn’t really justify the higher annual fee and low interest rates on purchases and on cash advances.

There are a couple of features on this card which if they weren’t on there, we’d see it getting a complete ‘bottom of the barrel’ review. The first is its Low balance transfer rate.  The fact that this rate is ongoing is great, especially seeing as most cards offer an introductory period that, once over, has the same interest rate as cash advances for your unpaid balance.

The second of the features that save it from an ‘epic fail’ is the cash back rate. Surprisingly enough, the Gold Visa from Bank Of Queensland actually fares pretty well in the cash back category, just missing out on a top 3 spot.

Rewards points on the Q Rewards program are offered at 1.75 points per dollar spent using your Bank of Queensland Gold rewards credit card. This is a marginal increase from the Blue Visa that offers a reasonable earn rate, but with limited information about redemption for the many rewards on offer, it’s hard to say whether or not it’s worth even factoring into your credit card decision.

This card has bucked the trend of Gold cards out-performing their respective platinum cards. So it’s safe to say that if you’re not planning on travelling then the Blue Visa would be a much smarter option; but even then, there are other more affordable cards on offer.

On the whole it’s an over-priced credit card, however the cash back rate and balance transfer rate make it quite appealing if that is what you’re looking for in a credit card.

See our top credit card picks in the Editor’s Choice category