Congratulations to ANZ, the winner of Canstar’s Bank of the Year Business Credit Cards Award for the fifth consecutive year.
The award is further recognition of the bank’s dedication to its business customers, and sits alongside ANZ’s two other 2024 Canstar Small Business Award wins: our Merchant Services Award and prestigious Bank of the Year | Small Business Award.
When awarding ANZ our top Business Credit Cards accolade, our expert research team once again commented on the strong performance of ANZ’s cards across our two award categories: low-rate and rewards credit cards.
Our team noted that within the rewards category, ANZ’s Visa Business Airpoints card leads the Frequent Flyer profile, offering cardholders the ability to earn Airpoints Dollars at a competitive rate with their everyday spend.
Additionally, ANZ’s Low Rate Business Visa remains one of the most competitive low-rate options available in the market.
What is Canstar’s Bank of the Year Business Credit Cards Award
To help small business owners in their search for the best banking products, each year Canstar’s expert team of researchers uses a sophisticated rating methodology to compare and rate business credit card products and providers in the New Zealand market, across two card profiles:
- Low Rate Business Credit Cards
- Rewards Business Credit Cards
This year the research encompassed six different providers (American Express, ANZ, ASB, BNZ, Kiwibank and Westpac) and compared 12 cards across a range of characteristics, including:
- Fees and interest rates
- Number of interest free days
- Standard and premium features
- Reward and loyalty programs
On the basis of our research, we awarded 5-Star Outstanding Value ratings to the top card products, and presented the best overall card provider our award: Bank of the Year | Business Credit Cards.
ANZ: Bank of the Year | Business Credit Cards
ANZ offers three business credit cards. Its Bank of the Year | Business Credit Cards Award is based on the excellent Star Rating achieved by each: 5 Stars for both the ANZ Visa Business Low Rate card and ANZ Visa Business Airpoints card, and 4 Stars for the ANZ Visa Business CashBack card.
ANZ Visa Business Low Rate card: 5-Star Rating
- Lower interest rate and annual fee
- Insurance protection against unauthorised use
- Added layer of protection offered through dynamic security code
- Set individual spending limits on up to 15 cards
- Direct reporting through ANZ Internet Banking or ANZ Direct Online
- Up to 55 interest-free days
Rates & Fees:
- Purchase interest rate: 13.90% p.a.
- Cash advance interest rate: 20.95% p.a.
- Annual fee: $35 p.a.
- Joint/additional card: $5 p.a.
ANZ Visa Business Airpoints card: 5-Star Rating
- 1 Airpoints Dollar per $85 of eligible spend, or 1 Airpoints Dollar per $50 of spend directly with Air New Zealand (up to $25,000)
- Business Owners earn 50% bonus Status Points on top of the Status Points earned on qualifying Air New Zealand flights
- No Koru club joining fee (saving of $255), plus a discount of $145 off the standard 12-month individual Koru membership fee for all principals of a business
- Airpoints Dollars do not expire during card membership
- Insurance protection against unauthorised use
- Added layer of protection offered through dynamic security code
- Up to 44 interest-free days
Rates & Fees:
- Purchase interest rate: 20.95% p.a.
- Cash advance interest rate: 20.95% p.a.
- Annual fee: $145 p.a.
- Joint/additional card: $5 p.a.
ANZ Visa Business CashBack card: 4-Star Rating
- $1 CashBack for every $90 spent on eligible purchases made during 12-month period
- Insurance protection against unauthorised use
- Added layer of protection offered through dynamic security code
- Set individual spending limits on up to 15 cards
- Direct reporting through ANZ Internet Banking or ANZ Direct Online
- Up to 55 interest-free days
Rates & Fees:
- Purchase interest rate: 20.95% p.a.
- Cash advance interest rate: 20.95% p.a.
- Annual fee: $95 p.a.
- Joint/additional card: $5 p.a.
To learn more about our Business Credit Cards Awards, click on the button below.
Compare Business Credit Cards with Canstar!
About the author of this page
This report was written by Canstar’s Editor, Bruce Pitchers. Bruce has three decades’ experience as a journalist and has worked for major media companies in the UK and Australasia, including ACP, Bauer Media Group, Fairfax, Pacific Magazines, News Corp and TVNZ. Prior to Canstar, he worked as a freelancer, including for The Australian Financial Review, the NZ Financial Markets Authority, and for real estate companies on both sides of the Tasman.
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