Australia and New Zealand Banking Group Limited ABN 11 005 357 522
For Release: 12 September 2003
ANZ and Diners Club to launch new cards:
Announce changes to reward programs
ANZ today announced it had joined with Diners Club to launch two new charge cards.
The ANZ Frequent Flyer Diners Club card will offer 1 Qantas Frequent Flyer point per dollar spent
with no cap on points, and the ANZ Rewards Diners Club card will offer 1 reward point per dollar
spent with no cap on points.
The two new cards are designed to be used in conjunction with the Qantas ANZ Visa card and the
Telstra Visa card.
Charge card systems like Diners Club are not affected by the new interchange standard introduced
by the Reserve Bank of Australia (RBA), which comes into effect on 31 October this year.
ANZ also announced changes to its current credit card reward programs, designed to minimise the
impact of the RBA reforms on the majority of its customers and its business.
Diners Club Agreement
• Under the agreement signed today ANZ will offer two new ANZ Diners Club cards.
• The ANZ Frequent Flyer Diners Club card will offer 1 Qantas Frequent Flyer point per dollar
spent, credited directly to the account holder’s Qantas Frequent Flyer account without needing
to be converted or redeemed.
• The ANZ Rewards Diners Club card will offer 1 Reward Point per dollar spent, which can be
converted into a range of rewards including Telstra products and services, ANZ Reward
Certificates, shopping vouchers and weekend getaways.
Other Reward Program changes
• Tiered reward point earn rates will be introduced for the Qantas ANZ Visa Card based on
monthly spend. From 31 October, customers will continue to earn 1 Qantas Frequent Flyer
point per dollar on their monthly purchases up to $1,500 for Classic cardholders ($2,500 for
Gold Cards). They will then earn 1 point per $2 spent on additional purchases up to a “cap” of
$5,000 ($10,000 for Gold Cards). Customers will not accrue points on monthly