ANZ

ANZ Rewards Terms and Conditions
All Velocity Points redemptions with Velocity Frequent Flyer are subject to availability which may be limited and are subject to Velocity Membership Terms & Conditions. The earning and redemption of ANZ Reward points is subject to the ANZ Rewards - Rewards Program Terms and Conditions (please view full terms or call ANZ on 13 33 33 for a copy). To redeem ANZ Reward points for Velocity Points, individuals must be a Velocity Member. Membership of Velocity is the account holder’s responsibility and is subject to the Velocity Membership Terms & Conditions as amended from time to time. The redemption of ANZ Reward points will be administered solely by ANZ Rewards and can take up to 5 business days to transfer into the Velocity Membership Account.  For ANZ Auto-Redemption a minimum transfer of 2,000 ANZ Reward Points and then additional multiples of 2 ANZ Reward Points applies.  Once ANZ Reward points have been redeemed for Velocity Points, they are governed by the Velocity Membership Terms & Conditions and cannot be reversed.

ANZ Business Rewards Terms and Conditions
All Velocity Points redemptions with Velocity Frequent Flyer are subject to availability which may be limited and are subject to Velocity Membership Terms & Conditions. The earning and redemption of Reward Points is subject to the ANZ Business Rewards Program Terms and Conditions, available on the ANZ website, or call ANZ on 1800 032 481 for a copy. To redeem ANZ Business Reward Points for Velocity Points, individuals must be a Velocity Member. Membership of Velocity is the cardholder’s responsibility and is subject to the Velocity Membership Terms & Conditions as amended from time to time. The redemption of ANZ Business Rewards Points will be administered solely by ANZ Business Rewards and can take up to 5 business days to transfer into the Velocity Membership Account. For ANZ Auto-Redemption a minimum transfer of 2,000 ANZ Business Reward Points and then additional multiples of 2 ANZ Reward Points applies. Once ANZ Business Reward Points have been redeemed for Velocity Points, they are governed by the Velocity Membership Terms & Conditions and cannot be reversed.

Applications for credit are subject to ANZ’s eligibility and credit approval criteria. Terms and conditions, and fees and charges apply. Australian credit licence number 234527. The credit material in this document has been prepared by Australia and New Zealand Banking Group Limited (ANZ) 2015 ABN 11 005 357 522 Australian Credit Licence number 234527 and not by Velocity Frequent Flyer (VFF). VFF does not hold an Australian credit licence and is not the licensee in relation to the credit activity being engaged in by Australia and New Zealand Banking Group Limited, who is the credit licensee.

70,000 bonus Velocity Points

If approved, the card holder must activate the card, turn on Auto-Redemption with Velocity and spend at least $2000 on Eligible Purchases using the new credit card within 3 months of the date of approval. The date of approval of an application is the disclosure date specified in your Letter of Offer.

30,000 bonus Velocity Points

If approved, the card holder must retain the ANZ Rewards Platinum Credit Card Account for at least 15 months, pay the second annual card fee and have Auto Redemption with Velocity on at 15 months from the date of approval. The date of approval of an application is the disclosure date specified in your Letter of Offer.

“Eligible Purchases” means purchases which are eligible to earn ANZ Rewards Points. Some transactions and other items are not eligible purchases as they are not eligible to earn ANZ Rewards Points. For details see the ANZ Rewards - Rewards Program Terms and Conditions (PDF).

Claiming Velocity Points

Once the card holder has met the above criteria, ANZ will send the card holder an: (i) Email to the email address listed on the card holder’s ANZ account with a link to a redemption website and the Reward Code to continue with the redemption process; or (ii) SMS to the phone number on the card holder’s  ANZ Rewards membership account with a link to a redemption website and the Reward Code to enable the card holder to continue with the redemption process.

The redemption website is powered by Digital Glue Pty Ltd ABN 36 127 466 899. It may take up to 90 days from the eligible criteria being met to receive your SMS or email. The card holder must redeem the Reward Code for the eligibility offers before the expiry date listed in the SMS or email, otherwise the card holder will forfeit any entitlement to do so. Once the card holder has completed the redemption process on the redemption website, the Velocity Points will be credited usually within 2 business days.

If the card holder transfers or cancels their new ANZ Rewards Platinum credit card account before they receive the SMS or email with the Reward Code and a link to the redemption website, the card holder may become ineligible for this offer. ANZ may refuse to fulfil this offer if the credit card is cancelled, suspended, transferred, or the card holder has breached either the ANZ Credit Card Conditions of Use (PDF) or the ANZ Rewards – Rewards Program Terms and Conditions (PDF) prior to the bonus Velocity Points being credited to the card holder’s Velocity account. There may be a delay in the process of receiving and/or approving an application or activating the card.

The card holder must be a Velocity member in order to participate in this Offer. Minimum redemption threshold applies. To redeem Reward Points for Velocity Points, individuals must be both an ANZ Rewards account holder and a Velocity Frequent Flyer member. Upon accruing Rewards Points to the value of the minimum threshold set-up on auto-redemption, allow up to 5 business days for the Velocity Points to be allocated to the membership account. Velocity membership and Velocity Points earned and redeemed are subject to the Velocity membership Terms and Conditions as amended from time to time. Once ANZ Reward Points have been redeemed for Velocity Frequent Flyer Points, they are governed by the Velocity membership Terms and Conditions and cannot be reversed. ANZ holds no responsibility for flight availability, which may be limited, or any other redemption items available at velocityfrequentflyer.com. Flight availability is at the sole discretion of Virgin Australia and airline partners.

1.5 ANZ Reward Points are earned per $1 spent on eligible purchases up to and including $2,000 per statement period and 0.5 ANZ Reward Points are earned per $1 spent on eligible purchases over $2,000 per statement period. ANZ Reward Points are earned and redeemed in accordance with the ANZ Rewards – Rewards Program Terms and Conditions. Certain transactions and other items are not eligible to earn Reward Points, for details refer to the ANZ Rewards – Rewards Program Terms and Conditions. The redemption of ANZ Reward Points will be administered solely by ANZ Rewards and can take up to 5 business days to transfer into your Velocity account. For ANZ Auto-Redemption, a minimum transfer of 2,000 ANZ Reward Points and then additional multiples of 2 ANZ Reward Points applies. Once ANZ Reward Points have been redeemed for Velocity Points, they are governed by the Velocity membership Terms and Conditions and cannot be reversed.

^For ANZ Rewards Platinum, a total annual fee of $149 applies which includes a $94 Annual Fee and a $55 Rewards Program Service Fee. For Additional Cardholders on ANZ Rewards Platinum, an annual Additional Cardholder Fee of $10 and an annual Rewards Program Services Fee of $55 will apply per Additional Cardholder on the account. These fees are current as at today's date and are subject to change. The fee information displayed on this page applies to new customers only.

You should consider if this credit card is suitable for you before applying.