ANZ Frequent Flyer Credit Card

ANZ Frequent Flyer Credit Card

Highlights

  • An annual fee of $95 p.a.
  • Earn 0.5 Qantas Points per $1 spent on eligible purchases up to $500 per statement period.
  • Complimentary Qantas Frequent Flyer membership.

Pros and cons

Pros

  • Earn 0.5 Qantas Points per $1 spent on eligible purchases up to $500 per statement period.
  • You can earn an uncapped number of points.
  • Complimentary Qantas Frequent Flyer membership.
  • Up to 55 days interest free on purchases.

Cons

  • There's no welcome bonus for signing up.
  • No balance transfer offer.
  • No complimentary travel insurances included.
  • Earn rate drops to 0.25 points per $1 above $500 per statement.

Overview

The basics

  • Additional cardholders. You can request up to 3 additional cardholders and share your account with other family members and friends. However, it costs $65 p.a. per additional card added. If you do have additional cardholders, the account holder will bear responsibility for keeping the account in good standing.
  • Digital wallets. This card can be used with Apple Pay, Google Pay, and Samsung Pay.
  • Gambling transactions. The ANZ Frequent Flyer Credit Card can be used for gambling. However, ANZ classify gambling transactions as a cash equivalent, meaning they will incur the cash advance rate and fees.

Rewards and benefits

  • Complimentary membership of Qantas Frequent Flyer. If you don't have membership already, you can get it for free with this card.
  • Complimentary travel insurance. Since this is the most basic of ANZ's frequent flyer cards, there is no international travel insurance policy.
  • Concierge services. The ANZ Frequent Flyer Credit Card does not come with access to a concierge service. Consider one of their other higher level cards if you value this.
  • Rewards points. Cardholders can earn 0.5 points per $1 spent with Qantas Frequent Flyer on eligible purchases. Annual fees, balance transfers, and cash advances do not earn points. There is no cap on how many points can be earned, but the earn rate drops to 0.25 points per $1 spent above $500 per statement period.
  • Sign up bonus. There is currently no signup bonus offer for the ANZ Frequent Flyer Credit Card.

Rates and fees

  • Annual fee. ANZ charge an annual fee of $95 p.a. for this card, which is competitive with what's charged for other cards of a similar level.
  • Balance transfers. A balance transfer offer is not currently available for this card. ANZ typically have competitive balance transfer offers on several of their other cards. If this is an important feature to you, compare other balance transfer cards before applying.
  • Cash advances. Any cash advances will attract interest at the rate of 21.24% p.a. Interest will begin to accrue immediately from the day of the cash advance being made. As well as interest, there will be a one-off fee charged for a cash advance made with this card.
  • Foreign exchange fee. A 3% foreign transaction fee applies to any purchases made in a foreign currency either overseas or online.
  • Interest-free period. The ANZ Frequent Flyer Credit Card offers an interest-free period of up to 55 days on purchases if you have paid off your previous balance in full. Note that cash advances are exempt from interest-free days.
  • Purchases. ANZ do not have an introductory offer on purchases. Interest at the rate of 20.24% p.a. will be charged on purchases that are carried over.