ANZ Wins Canstar’s Bank of the Year Business Credit Cards 2022

If you run a small business, a business credit card is an essential tool that can help manage your finances. Low rate cards offer instant access to revolving credit. And rewards card can even help boost your finances, rather than drain them. And when used astutely, credit cards can help improve your company’s cash flow.

But not all business credit cards are created equal, offering the same rates and rewards. And if you’ve the wrong card to meet your business requirements, you could be missing out on rewards and paying unnecessary fees and interest.

However a little research into your firm’s spending habits can help to determine the right card for your company. Especially if you also refer to Canstar’s annual Outstanding Value Business Credit Card Star Ratings and Bank of the Year Business Credit Cards Award.

To help small business owners in their search, Canstar’s expert team of researchers uses a sophisticated rating methodology to compare and rate business credit card 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, and compared 13 different 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 award 5-Star Outstanding Value ratings to the top card products, and present the best overall card provider our award: Bank of the Year | Business Credit Cards.

Bank of the Year | Business Credit Cards

Congratulations to ANZ for winning Canstar’s top Business Credit Cards award. This year marks a hat-trick for the bank and, once again, the accolade is due to the strong performance of ANZ’s cards across the low-rate and rewards categories.

ANZ Visa Business Low Rate card: Canstar Outstanding Value 5-Star Rating

• Lower interest rate and lower annual fee
• Protection against unauthorised use: liability waiver insurance protects against unauthorised card transactions
• Control over expenditure: up to nine cards on an account with individual spend limits
• Easy reporting and analysis through ANZ Internet Banking or ANZ Direct Online reporting
• Improved cash flow: up to 55 interest-free days on purchases

Rates & Fees:

• Interest rate on purchases: 12.90% p.a.
• Interest rate on cash advances: 19.95% p.a.
• Annual fee: $35 p.a.
• Joint or additional card: $5 p.a.

ANZ Visa Business Airpoints card: Canstar Outstanding Value 5-Star Rating

• 1 Airpoints Dollar per $75 of eligible spend, or 1 Airpoints Dollar per $50 of spend directly with Air New Zealand (up to $25,000)
• Business Owners earn 1 Status Point for every $250 spent on eligible purchases
• 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
• Protection against unauthorised use: liability waiver insurance protects against unauthorised card transactions
• Up to 44 interest-free days on purchases

Rates & Fees:

• Interest rate on purchases: 19.95% p.a.
• Interest rate on cash advances: 19.95% p.a.
• Annual fee: $145 p.a.
• Joint or additional card: $5 p.a.

ANZ Visa Business CashBack card: Canstar Outstanding Value 5-Star Rating

• Get 0.5% cash back on all eligible purchases when you spend over $5000 within a 12-month period, or 1% cash back when you spend over $10,000
• Protection against unauthorised use: liability waiver insurance protects against unauthorised card transactions
• Control over expenditure: up to nine cards on an account with individual spend limits
• Easy reporting and analysis through ANZ internet banking or ANZ Direct Online reporting
• Improved cash flow: up to 55 interest-free days on purchases

Rates & Fees:

• Interest rate on purchases: 19.95% p.a.
• Interest rate on cash advances: 19.95% p.a.
• Annual fee: $95 p.a.
• Joint or additional card: $5 p.a.

If you want to know more about ANZ’s Bank of the Year | Business Credit Cards win, or want to check out our full Outstanding Value Business Credit Card Star Ratings, just click on the button below.

Compare Business Credit Cards for free with Canstar!

About the author of this page

This report was written by Canstar’s Editor, Bruce Pitchers. Bruce began his career writing about pop culture, and spent a decade in sports journalism. More recently, he’s applied his editing and writing skills to the world of finance and property. 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.