ANZ Cashback Card review NZ | $1 back per $150, $40 annual fee, 55 days interest-free

Key features and rates

The ANZ Cashback Card is a straightforward cashback credit card for Kiwis who want easy rewards. You earn $1 back for every $150 spent on eligible purchases, with a low $40 annual fee and up to 55 days interest-free on purchases when you pay the balance in full each month.

The purchase and cash advance rates sit at 20.95% and the minimum repayment is 3% or $10. The ANZ Cashback Card also has a $500 minimum credit limit and modest late and over-limit fees, making it a simple card for everyday use in New Zealand.

Eligibility and application tips

To get the ANZ Cashback Card you should be a New Zealand resident with a steady income and a decent credit history. ANZ typically asks for proof of income such as recent payslips, bank statements showing salary, or IRD summaries, and proof of ID like a passport or NZ driver licence.

When applying, list your expenses honestly and have supporting documents ready if you are self-employed. The ANZ Cashback Card application moves faster when you supply clear income evidence and set up electronic statements tied to your NZ bank account.

How to get the most out of your card

Use the ANZ Cashback Card for regular spend like groceries, petrol and household bills to stack up cashback steadily. Because the rate is $1 per $150, consistent monthly use makes the rewards meaningful rather than one-off boosts.

Always aim to pay the full statement balance within the 55-day interest-free period to avoid the 20.95% purchase rate. Set up automatic payments from your NZ bank account, track spending in the ANZ app, and avoid cash advances which carry the same high rate.

Costs, comparisons and final verdict

Compared to other cashback products in NZ, the ANZ Cashback Card balances simplicity with solid everyday benefits. The $40 annual fee is low, and the clear earning structure makes it easy to calculate returns. Downsides include the relatively high interest rate if you carry a balance and small extra fees for late payments.

For Kiwis wanting a no-fuss cashback card that puts cash back straight on your account, the ANZ Cashback Card is a practical choice. Keep using it for eligible everyday spend, pay on time, and this card will quietly put money back in your pocket without complicated points or redemptions.