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Terms and conditions apply

Bonus points: 160,000
Purchase rate: 20.99% p.a.
Reward points per $ spent: 2
Annual fee: $375 p.a.

Our verdict

Get up to 160,000 bonus ANZ Reward Points, $100 back on your card and uncapped points, all for a $375 annual fee.

Finder Awards 2025 winner

The ANZ Rewards Black earns the most points per $1 of any ANZ Rewards card, with 2 Reward Points per $1 on eligible purchases for the first $5,000 per statement period and 1 point per $1 after that. To give you an example of the value you can get from the 160,000 bonus points offer, you could redeem them for $700+ worth of digital gift cards. Or transfer them to get 80,000 Velocity Points – enough for a one-way business class flight from Sydney to Honolulu (71,500 Velocity Points, plus fees and taxes).

As well as Velocity, this flexible rewards program lets you transfer points to Air New Zealand Airpoints, Singapore Airlines Krisflyer or Asia Miles. You can also redeem points for statement credit or retail items. This card also comes with complimentary insurance options – including for international and domestic travel. Just make sure these benefits will give you enough value to justify the card's costs.

Pros

Up to 160,000 bonus ANZ Reward Points
$100 back on your new card
Up to 2 ANZ Reward Points per $1 spent
Complimentary extras including travel insurance and a personal concierge
Finder Score of 8.81 in the rewards category

Cons

Charges a relatively high annual fee of $375 p.a.
3% foreign transaction fee
Additional cardholder fee of $65 per card

The ANZ Rewards Black is a premium credit card with features suited to big spenders and earners. If you apply as a new customer, you’ll earn 160,000 bonus ANZ Reward Points and get $100 back when you spend $5,000 on eligible purchases in the first 3 months from card approval. That’s enough for around $700+ worth of gift cards.

This card also offers a high earn rate of 2 ANZ Reward Points per $1 on eligible purchases up to $5,000 per statement period and then 1 point per $1 spent for the rest of that statement period. The value of your points, plus perks like complimentary purchase and travel insurance and the 24/7 personal concierge service, could help justify the annual fee – but only if you use them.

Details

Product details

Product Name	ANZ Rewards Black Credit Card
Balance transfer rate p.a.	21.99%
Balance transfer limit	95% of available limit
Purchase rate p.a.	Purchase rate p.a.20.99%
Interest-free days	Up to 44 days on purchases
Cash advance rate p.a.	21.99%
Min credit limit	$15,000
Card type	Visa

Eligibility

Available to temporary residents	Yes - Conditions apply
Joint application	No

Rewards

Rewards program	ANZ Rewards Program
Bonus points	160,000
Rewards points per $ spent	2

Fees

Annual fee	$375
Minimum monthly repayment	2% of the closing balance or $25, whichever is greater
Late payment fee	$20
Foreign currency conversion fee	3%
Cash advance fee	3% or $3, whichever is greater
Overseas cash advance fee	3% of the transaction amount or $4 (whichever is greater)
Overseas ATM withdrawal fee	$5
Additional cardholder fee	$65
Number of additional cardholders	9

Congratulations, ANZ!

The ANZ Rewards Black Credit Card won Best Rewards Credit Card in the 2025 Finder Awards.

Full list of 2025 winners

How to apply

If you've compared your options and picked the ANZ Rewards Black, you can apply online in around 20 minutes. Get started by checking that you meet the eligibility criteria listed below, as well as the documents and details you'll need to fill out the application.

Eligibility criteria

New cardholder. To be eligible for the bonus points offer, you must be a new ANZ Rewards customer. This means you must not currently hold an ANZ Rewards Black, ANZ Rewards Platinum or ANZ Rewards credit card – and must not have opened or closed one of these accounts in the last 12 months.
Residency requirement. Citizens and permanent residents of Australia are eligible to apply. If you are a non-Australian permanent resident, you must have at least 12 months remaining on an eligible working or business visa.

Eligible balance transfer debt. ANZ allows you to transfer from $100 up to 95% of your credit limit from non-ANZ credit and store card accounts.
Age. You must be at least 18 years old to apply.
Credit history. You need a good credit rating to receive approval. You can get your credit score and comprehensive credit report for free through Finder.

Required documents

Personal details. This includes your full name, email address, residential address, date of birth, marital status, number of dependents and contact number. You also need to provide a valid form of ID, such as your driver's licence number or passport.
Employment details. You'll need to provide your current job title, years in the job, salary information and your employer's contact details. If you're self-employed, you'll need to provide details of your work, as well as your accountant's contact details. You will also be asked for documentation to verify these details, such as recent payslips or tax assessment notices.
Financial details. This covers any other forms of income, such as superannuation payments and savings, as well as investments, debts and existing credit and loan accounts. You'll also need to provide an estimate of your regular household expenses, including rent or mortgage payments, bills and groceries.

Go to ANZ's site More info

Card benefits

Up to 160,000 bonus ANZ Reward Points. Earn 110,000 bonus points when you spend $5,000 on eligible purchases within the first 3 months from card approval, and an additional 50,000 points when you keep your card active for 15 months. The bonus points will be credited to your account within 3 months of meeting the spend requirement.
$100 back. You'll get $100 back to your new ANZ Rewards Black card when you apply, are approved and spend $5,000 on eligible purchases within the first 3 months.

Points per $1 spent. This card boasts ANZ's highest earn rate, offering 2 ANZ Reward Points per $1 spent on eligible purchases up to $5,000 per statement period. You'll then earn 1 Reward Point per $1 spent for spending above $5,000. Eligible purchases include spending on groceries, petrol, dining, travel and other everyday items, but exclude transactions such as cash advances, fees, balance transfers and transactions for gambling or gaming purposes.
ANZ Rewards options. If you belong to a partnered frequent flyer program, you can transfer your ANZ Reward Points for airline loyalty points with Velocity, Air New Zealand Airpoints, Singapore Airlines Krisflyer or Asia Miles. You can also redeem your points for cashback on your account, gift cards and a variety of merchandise via the ANZ Rewards store. See the ANZ Rewards guide for further information on how to earn and redeem your points.
Complimentary insurance covers. The ANZ Rewards Black credit card offers a range of complimentary insurances for travel and shopping, including international travel insurance, domestic travel insurance, rental vehicle excess in Australia insurance, purchase protection insurance and extended warranty insurance. The eligibility criteria include making eligible spend with your ANZ Rewards Black credit card.
Personal 24/7 concierge. You can access a personal concierge who can help you with anything from travel planning, travel advice, restaurant or hotel bookings or even picking out gifts for loved ones. You can contact your concierge on 1300 580 765 in Australia or +61 2 7907 0805 if you are overseas.
Mobile payment technology. You can add this card to your Apple Pay, Google Pay or Samsung Pay wallets to make contactless payments from your compatible mobile device. You can also pay with your eligible fitness tracker thanks to Fitbit Pay and Garmin Pay.
Visa benefits. Get access to Visa's range of exclusive shopping and travel offers – such as hotel discounts or upgrades – which are listed on the Visa website and on the Visa Premium website. You can also enjoy exclusive ticket and experience offers through Visa Offers + Perks.

Rates & fees

Annual fee. This card charges a $375 annual fee. This includes a $320 Annual Account Fee and a $55 Rewards Program Service Fee.
Purchase rate. Unless you repay your balance before the end of the statement period, your purchases will collect interest at a rate of 20.99% p.a.

Interest-free days. If you pay your closing account balance in full by the statement due date, you'll receive up to 44 interest-free days on purchases. Note that if you have promotional balances from relevant balance transfer plans, instalment plans and buy now pay later plans, you will be eligible for interest-free days on purchases if you pay the full Adjusted Closing Balance listed on your statement by the due date. This is calculated as your closing balance less the sum of any relevant promotional plans.
Foreign transaction fees. If you use this card to make purchases overseas or when shopping online with an overseas business, you'll be charged 3% of the transaction value.
Additional cardholders. You can request up to 9 additional cardholders for a fee of $65 per cardholder.

Go to ANZ's site More info

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Tristan

March 05, 2025

I just applied for the ANZ card last month, and was appproved this month. However, I noticed that the bonus points / rewards have dropped in between the period where I applied for the card, and when the card was approved. Assuming I meet the spend criteria (which has now also increased), do you know if i will be eligible for the higher points / cashback as per the terms and conditions at the time of application? Thank you

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Richard Whitten Finder

March 06, 2025

Hi Tristan,

That’s a tricky one. I think you should contact ANZ directly and ask to get the original bonus points offer if you can. However there may be some clause in the conditions that state approval by a specific date. But it never hurts to ask and sometimes a bank will just honour your request if you’re lucky.

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Scott C

February 19, 2025

Are paying your Mortgage payments and Council Rates eligible purchases

Likewise with direct debits for house / car insurances

Angus Kidman Finder

February 20, 2025

Hi Scott, No, paying mortgage, council rates or insurance typically won’t count as eligible purchases. (Many insurers only allow direct debits from bank accounts, not credit cards.)

Norman

February 06, 2025

In order to avail the complimentary travel insurance with this card. Does it mean you have to used the card to buy airline tickets or you just have to spend the required amount in the first three months since I already bought the airline tickets few months back.

Sarah Megginson Finder

February 07, 2025

Hi Norman,

You’ll need to meet the eligibility criteria set out in ANZ’s policy information booklet, and the main criteria is:

* prepayment of, at least, $250 of your travel costs before leaving Australia, charged to an ANZ Black or Platinum credit card in your name.

So, if you purchase accomodation, car hire or other travel costs using your credit card, and you meet their other eligibility conditions (eg card not in arrears, you have a return ticket, aged under 81, Australian resident) this should activate your travel insurance.

Hope this helps!

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Dean

February 05, 2025

Hi there,

I had this ANZ card 2 years ago now, but under the Qantas FF point system.

Am I eligible for applying for this credit card again but for the velocity point system, and will I be able to get the velocity points?

Sarah Megginson Finder

February 05, 2025

Hi Dean,

The terms and conditions state that you are not eligible for this offer if you currently hold or have held an ANZ Frequent Flyer credit card in the last 12 months. As a current card holder, you are not eligible unfortunately. However there are many other frequent flyer credit cards with bonus points you can look at. Hope this helps!

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Fabian

February 03, 2025

are points earned transferable to a frequent flyer program or airline ?

Sarah Megginson Finder

February 03, 2025

Hi Fabian,

Yes, you can transfer these points to Qantas or Virgin’s Velocity Rewards program, or you can redeem them for rewards like gift cards, products, or even ANZ CashbackSuper that you can use to reduce the balance of your ANZ Rewards credit card, or add to your bank account.

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Amy is an experienced journalist with over 16 years of experience, contributing to major publications like Money Magazine, The Sydney Morning Herald, and ABC News Australia. Specialising in personal finance, she frequently appeared in media outlets and on radio. Amy holds a Bachelor of Arts in Journalism and Drama from Griffith University and earned RG146 certifications in Tier 1 Generic Knowledge and Tier 2 General Advice Deposit Products, ensuring her expertise is grounded in current financial regulations. Amy was Finder's Senior Writer for Credit Cards from 2016 to 2024. See full profile

ANZ Rewards Black Credit Card

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Congratulations, ANZ!

How to apply

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