Beware... New ANZ Rewards Gift Cards Selection Is Getting Worse

OzBestDeal on 30/08/2021 - 13:56

If you're planning to apply ANZ Rewards credit card, read on…

Since 3 August, ANZ "revamp" their ANZ Rewards portal where you can claim Reward Points for gift cards.
Prior to upgrade, they have a good selection of gift cards including Westfield, for the same price as individual shops gift card (eg. Coles, Woolworths (not Wish), Kmart, etc)

After revamp, the selection of gift cards significantly reduced, and Westfield card is gone.
They still have Amazon, Apple, JB Hifi, WISH, Uber… but not as much as before.

As guide, here's their new conversion rate:
$25 - 5,560 points
$50 - 11,115 points
$100 - 22,225 points
$200 - 44,445 points
$250 - 55,560 points
$500 - 111,000 points
$1000 - 220,000 points

There are lots of other nominals and not all of their gift cards have higher nominal (eg. $1000)

Financial

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Comments

  • kanmen on 30/08/2021 - 14:19

    I just redeemed mine to get a $500 giftcard, I didn't realise it was better before so I must have missed out. I found it interesting that I got more out of a giftcard than a cashback though.

    • OzBestDeal on 30/08/2021 - 15:05

      This always the case.
      They can get discounted gift card, hence it's cheaper.

      • El-Rhi on 30/08/2021 - 15:35
        +2

        HSBC cashback is higher than giftcard

  • haydoz on 30/08/2021 - 14:29
    +2

    I think the conversion rate is mostly the same, but definitely a lot less on offer now.

    Regretting not redeeming some Coles gift cards while I had the chance - but a $250 Wish GC is the same price as the $250 Coles used to be.

  • Master Bates on 30/08/2021 - 14:54
    +1

    It seems you can still get $800 worth with your 180,000 bonus points, so what was the conversion rate before?

    • OzBestDeal on 30/08/2021 - 15:03

      It's about the same from memory… I didn't take note of the previous conversion rate, and was assuming it's going to be the same after "site upgrade"

  • onetwothreefour on 30/08/2021 - 15:01

    Bunnings, Dan Murphy and Woolworths, what more do you need?

  • OzBestDeal on 30/08/2021 - 15:04

    What I completely missed was Westfiled gift card. I think that has the best value of all.

  • cloo on 30/08/2021 - 15:47
    +1

    Coles GCs were good. Coles gift cards are increasingly hard to find at a discount these days.

  • rektrading on 30/08/2021 - 17:12

    The banks are cutting down on bonuses and rewards. It's good to see that fintech is starting to eat away at the bank's bottom line.

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