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Qantas & ANZ to Introduce New Corporate Visa Card

Document date:  Fri 23 Aug 2002
Published:  Fri 23 Aug 2002 10:10:33
Document No:  193749
Document part:  A
Market Flag:  N
Classification:  Other

AUSTRALIA AND NEW ZEALAND BANKING GROUP       2002-08-23  ASX-SIGNAL-G

HOMEX - Melbourne                                                     

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Qantas and ANZ today announced they would launch Australia's first
co-branded corporate Visa credit card to meet the travel and
purchasing needs of corporate, government and small-to-medium
businesses.

The new Visa card, which would be launched in early 2003, would build
on the successful longstanding consumer card partnership between the
two companies - the Qantas ANZ Visa credit card.

Qantas Executive General Manager Sales and Marketing John Borghetti
said Qantas and ANZ were committed to delivering new and value-added
products and service to their customers.

"Corporate and government customers have very specific needs when it
comes to procuring travel services," Mr Borghetti said.

ANZ's Managing Director of Consumer Finance Brian Hartzer, said the
partnership would create a unique and innovative credit card product
in the competitive corporate credit card market.

"This will be the first card in Australia to combine worldwide Visa
acceptance with enhanced airline, hotel and other service provider
data, frequent flyer points and web-based travel and expense
management capabilities" Mr Hartzer said.

Features of the new card will include:

* acceptance by Visa merchants worldwide, including travel agents

* charge card or a low-interest revolving line of credit

* acceptance for purchasing Qantas internet fares and zero surcharge
for all other Qantas products

* web-based management of statements, expense claims and the
allocation of costs, plus the automation of company policy, GST and
FBT compliance

The new corporate card would also be fully linked to the existing
Qantas Frequent Flyer program.

For media enquiries, contact:

Simon Rushton                        Paul Edwards
QANTAS PUBLIC AFFAIRS                HEAD OF GROUP MEDIA RELATIONS
Tel 02-9691 3742                     Tel 03-9273 6955 or 0409 655 550
Email:srushton@qantas.com.au         Email:edwardp12@anz.com