ANZ: Canstar’s Bank of the Year Business Credit Cards 2023

Congratulations to ANZ, the winner of Canstar’s Bank of the Year Business Credit Cards Award for the fourth consecutive year. It’s yet further recognition of the bank’s dedication to its business customers and comes on the back of ANZ also winning Canstar’s 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. It also noted that while there had been no changes to the interest rates offered by business card providers, the ANZ had lowered its charges by reducing the additional cardholder fee across their suite of cards to just $5 per person.

What is Canstar’s Bank of the Year Business Credit Cards Award

To help small business owners in their search, each year 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.

ANZ: Bank of the Year | Business Credit Cards

ANZ offers three business credit cards. Its Bank of the Year 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 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: 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
• 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: 4-Star Rating

• $1 CashBack for every $90 spent on eligible purchases made during 12-month period
• 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 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.