The ANZ Frequent Flyer Black Credit Card offers plenty of points and travel perks, including a big bonus Qantas Points offer for new customers, lounge invitations and complimentary travel insurance. It also earns a competitive 1 Qantas Point per $1 on eligible purchases up to $7,500 per statement period, then 0.5 points per $1 for the rest of that statement period. But with a relatively high $425 annual fee, you should make sure you get enough value beyond the bonus points if you plan to keep this card.
🏆 Finder award
ANZ Frequent Flyer Black Credit Card
Terms and conditions apply
- Bonus points
- 130,000
- Purchase rate
- 20.99% p.a.
- Reward point per $ spent
- 1
- Annual fee
- $425 p.a.
Our verdict
Offers up to 130,000 bonus Qantas Points and $200 back on your new card, with a $425 annual fee.
Finder Awards winner
Pros
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Up to 130,000 bonus Qantas Points and $200 back
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2 complimentary Qantas Club Lounge invitations per year
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1 Qantas Point per $1 spent up to $7,500 per statement period, then 0.5 Qantas Points / $1 spent
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Complimentary insurance covers, including international travel insurance, purchase protection insurance and extended warranty insurance
Cons
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You need to keep the card over 12 months to collect all the bonus points offered
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The standard annual fee of $425 p.a. is high.
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When you spend over $7,500 per statement period, the earn rate drops from 1 point per $1 spent to 0.5 points per $1.
Details
Product details
| Product Name | ANZ Frequent Flyer Black |
| 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 period | 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 | Qantas Frequent Flyer |
| Bonus points | 130,000 |
| Rewards points per $ spent | 1 |
Fees
| Annual fee | Annual fee $425 |
| Minimum monthly repayment | 2% of the closing balance or $25, whichever is greater |
| Late payment fee | $20 |
| Foreign currency conversion fee | Foreign currency conversion fee 3% |
| Cash advance fee | 3% or $3, whichever is greater |
| Overseas cash advance fee | 3% of transaction amount or $4 (whichever is greater) |
| Overseas ATM withdrawal fee | $5 |
| Additional cardholder fee | $65 |
| Number of additional cardholders | 9 |
Congratulations, ANZ!
ANZ Frequent Flyer Black won the award for 'Frequent Flyer Credit Card – Qantas' in the 2024 Product Awards.
Full list of 2024 winners
Our expert says
"I took out the ANZ Frequent Flyer Black Credit Card about a year ago. I was looking to switch from a Virgin Amex to a Qantas Visa, as Virgin flights were harder to redeem for US travel and Amex sometimes incurred a surcharge or wasn't accepted. The ANZ card has more bonus points on application and Visa is much more widely accepted. But the earn rate is slightly less, the ongoing annual fee is slightly more, and after you spend $7K in a month you only earn 0.5 points per $1 spent. I also found the Amex app much easier to use than the ANZ app, especially for payments. I like this card overall, but I'd like a few more perks, the removal of the half points cap for a $425 card, and an easier to use app."
Card benefits
- Up to 130,000 bonus Qantas Points. If you apply for a new ANZ Frequent Flyer Black Credit Card and spend $5,000 on eligible purchases in the first 3 months from approval, you'll earn 90,000 bonus Qantas Points. The remaining 40,000 points will be added to your account if you keep it open for over 12 months. The bonus points will be credited to your Qantas Frequent Flyer account within 3 months of meeting the spend requirement.
- $200 back. With the current offer, you'll also get $200 back on your new ANZ Frequent Flyer Black Credit Card when you spend $5,000 on eligible purchases in the first 3 months from approval.
- Qantas Points per $1 spent. This card earns 1 Qantas Point per $1 on eligible purchases up to $7,500 per statement period, then 0.5 Qantas Points per $1 spent on eligible purchases above $7,500 per statement period. You also get 1 additional point per $1 spent on selected Qantas products and services.
- Qantas Club Lounge invitations and benefits. Get 2 complimentary Qantas Club Lounge invitations every year you have this card. Plus, if you use this card to pay for Qantas Club membership, you can save on the $99 joining fee and get a discount on the standard 1-year membership rate.
- Complimentary insurance covers. The ANZ Frequent Flyer Black Credit Card gives you access to complimentary international travel insurance, domestic travel insurance, rental vehicle excess in Australia insurance, purchase protection insurance and extended warranty insurance. The eligibility criteria for cover includes making eligible payments with your credit card, with full details in the insurance policy document from ANZ.
- Concierge service. This 24/7 personal concierge service can help you with anything from hotel bookings and travel recommendations to organising a gift for a loved one.
- Mobile payments. You can add this credit card to Apple Pay, Google Pay, Samsung Pay, Fitbit Pay or Garmin Pay to make payments straight from your mobile phone or other device.
- ANZ Exclusives. ANZ black cardholders get access to invitation-only lifestyle, dining and entertainment experiences. Past events have included dinners, weekends away, sporting events and wine tastings.
- Visa features. Access exclusive travel, entertainment and leisure offers through Visa Offers + Perks.
Rates & fees
- Annual fee. The $425 annual fee for this card is made up of a $370 annual account fee and a $55 rewards program services fee.
- Interest rates. This card has a variable purchase rate of 20.99% p.a. and a variable cash advance rate of 21.99% p.a.
- Interest-free days. You'll get up to 44 interest-free days on purchases when you pay the account's closing balance in full by the due date on each statement.
- Overseas transaction fee. A fee of 3% of the total transaction amount applies to overseas purchases. This fee may also apply for online transactions made with an international retailer online (or processed overseas).
- Additional cardholders. You can request up to 9 additional cards linked to your primary account. Each additional card charges a $65 annual fee.
How to apply
You can apply for the ANZ Frequent Flyer Black Credit Card in around 20 minutes and expect a response within 60 seconds. Before you apply, check if you meet the eligibility criteria and have the necessary details to complete the application.Eligibility criteria
- New cardholder. The introductory offers are only available to new ANZ Frequent Flyer customers who don't currently hold or have held an ANZ Frequent Flyer credit card 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.
- Age. You must be 18 years or older.
- Credit rating. To apply for this black-tier product, you must have a good credit rating. You can get your credit score and comprehensive credit report for free through Finder.
Required documents
- Personal details. Your complete name, residential address, phone number and email address as well as your marital status and number of dependents.
- Proof of identification. Such as your Australian driver's licence or foreign tax number if you're a tax resident in another country.
- Finances. This includes your income, expenses, assets and liabilities. You'll need to prove your income with two recent payslips.
- Employment. Confirm your employment and provide your employer's contact details. If you're self-employed, you can include your accountant's details.
- Qantas Frequent Flyer number. Include your Qantas Frequent Flyer membership number so your points can be debited to your account. If you are not yet a Qantas Frequent Flyer member, you can join for free during the application.
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Amy Finder
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Sarah Megginson Finder
December 12, 2024
Hi Kushal,
Yes this down payment would be considered an eligible spend, as long as the transaction is processed as a purchase (at the point of sale) and not a BPay payment.
Once you have earned points on your card, you’re free to use the card however you please in accordance with the terms and conditions. Some cards require you to keep the account open for a set period (usually 12-15 months), but that’s not the case with this card, so if you wish to apply for a balance transfer to pay it off that wouldn’t be likely to present any issues.
Keep in mind that you may not be approved for the balance transfer card, so make sure you have a back up plan to pay off the balance if this happens.
Hope this helps!
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Kelly
December 08, 2024
Are car insurance and registration considered eligible purchases and how long does it take to receive my CC
Richard Whitten Finder
December 10, 2024
Hi Kelly,
If you pay for you car insurance with the card that should earn you points. Government charges like registration fees won’t earn points, however.
The card should take 5 to 10 business days to arrive.
Troy
October 06, 2024
Once you meet the criteria with spends in the first 3 months and the $200 dollars annual fee rebate is credited to the card account can you transfer it out to another bank account other than ANZ?
Richard Whitten Finder
October 07, 2024
Hi Troy,
You’d have to check with ANZ but I suspect it would be complicated. It’s a credit card account and so transferring money to a bank account is either not allowed, or is considered a cash advance (which means a fee plus a high interest rate).
But you should check with ANZ directly.
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Tom
October 03, 2024
I turn 18 this month and am looking into Frequent flyer rewards cards as i plan to go on holidays mid to late next year. I currently earn about $750-850 a week and spend on average of 1,100 a month. I am aware of the $5000 in 3 months bonus points and believe that hotel and air bnb expenditure can cover that. I am new to credit cards and would like to make the most amount of points as possible before that time frame. Would I meet criteria for this card and would it be the best for me but if not are there any other suggestions for a 18 year old looking to maximise points.
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Sarah Megginson Finder
October 04, 2024
Hi Tom,
It’s great that you’re putting so much thought into your spending and the potential rewards! This card is a fully-featured card and comes with a minimum credit limit of $15,000, so it might not be ideal for your first card (your current wage might not qualify you for this high credit limit). You may be better off looking for a rewards card with a lower initial credit limit, like the Qantas Premier card, which has a minimum credit limit of $6,000.
These cards do generally come with high fees of $300-$400, so it’s worth crunching the numbers to make sure you’re going to get enough value from the points to justify the cost. Also, as you’re just starting out and learning how to budget and spend with a credit card, you may be interested in starting out with a low-interest card before eventually upgrading to a rewards card. Rewards cards can bring plenty of benefits, but if you don’t pay the balance in full each month, the interest rates are very high and you can end up spending more in interest than you gain in travel rewards.
Hope this extra info helps!
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Amanda Wrigley
September 08, 2024
Hi, how do I find more information regarding the insurance policy? Eg: What is covered, how many are covered under the policy?
Sarah Megginson Finder
September 09, 2024
Hi Amanda, You can review the full PDS here. Usually the cardholder and their family (spouse and children) are covered for travel insurance. The full eligibility is stated as:
If the cardholder becomes eligible for the cover available, a spouse and/or dependant(s) also becomes eligible, when each of them individually meets all of the following eligibility criteria:
1. the spouse and/or dependants reside in Australia or are the holder of a visa issued under the Migration Act 1958 (Cth) which entitles them to residency; and
2. each spouse and/or dependant is travelling with the cardholder for at least 50% of the period of cover available to
the cardholder for the cardholder’s overseas journey; and
3. each spouse and/or dependant has a return overseas travel ticket before leaving Australia; and
4. each spouse and/or dependant is aged under 81 years at the time they each become eligible for the cover available by meeting conditions 1 to 3 listed above.
When a cardholder, spouse and dependant are travelling together only one eligible person can claim the benefits payable to a cardholder. The other eligible persons may only claim as a spouse or dependant. For example, when a spouse is also a cardholder, if they do not meet the eligibility requirements as a cardholder they can only claim as a spouse, not a cardholder.
Hope this helps!
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Kushal
December 10, 2024
I am planning to purchase a car soon. If I pay my down payment with this card, will it qualify towards the minimum spend criteria ? Also I am planning to pay off this card bill using another balance transfer credit card. Will that have any impact on the points earned ?