ANZ Rewards Black Credit Card

ANZ Rewards Black Credit Card

Highlights

  • Get 180,000 bonus Reward Points and $150 cash back upon spending $3,000 on qualifying purchases within the initial 3 months of approval.
  • Accrue 2 Reward Points for every $1 spent on qualifying purchases, up to $5,000 per statement period.
  • Enjoy complimentary international travel insurance.

Pros and cons

Pros

  • Receive 180,000 bonus ANZ Rewards points and earn a $150 cash back when you meet the criteria.
  • Earn 2 points per $1 spent on eligible purchases up to $5,000 per statement period.
  • There is no cap on the number of points you can earn.
  • Free international travel insurance and purchase protection insurance.

Cons

  • The $375 p.a. annual fee.
  • Doesn't come with lounge access.
  • No balance transfer offer.

Our review

Convenience

Customer service

Rates and fees

Rewards

Trust

The basics

  • Additional cardholders. You can add up to 9 additional cardholders. Before giving family and friends a card, know that there is a $65 p.a. fee for each additional cardholder. The main account owner will be responsible for managing the account and repayments.
  • Digital wallets. This card is compatible with Apple Pay, Google Pay, Samsung Pay, and other wearable digital wallets.
  • Gambling transactions. Gambling transactions are allowed on this card. However, gambling is classified as a cash equivalent and attracts the cash advance rate.

Rewards and benefits

  • Complimentary travel insurance. The ANZ Rewards Black Credit Card has complimentary international travel insurance and rental vehicle excess in Australia. The policy will cover travel if the card was used before departure to pay for travel-related purchases, e.g. flights related to your trip. Subject to eligibility criteria.
  • Concierge services. Cardholders don't get access to the ANZ concierge service.
  • Insurances. In addition to its international travel insurance, this card comes with purchase protection insurance with security provided by ANZ Falcon.
  • Rewards points. ANZ Rewards Black Credit Card cardholders can earn 2 points per $1 spent in the ANZ Rewards program on eligible purchases. The earn rate drops to 1 point per $1 spent above $5,000 per statement period with no cap on how many points you can earn. Note that balance transfers, cash advances, fees, and payments to the ATO are not eligible transactions for earning points. ANZ Rewards points can be transferred to Air New Zealand Airpoints, Cathay Pacific Asia Miles, Singapore Airlines KrisFlyer, and Virgin Australia Velocity Frequent Flyer. The main benefit of this is the choice of redemptions since you aren't limited to a single airline and its partners.
  • Sign-up bonus. Get 150,000 ANZ Rewards points and $150 cash back when you sign-up, get approved and spend at least $3,000 on eligible purchases within 90 days of approval.

Rates and fees

  • Annual fee. This card has an annual fee of $375 p.a.
  • Balance transfers. There is no promotional offer on balance transfers for this card.
  • Cash advances. Interest on cash advances will start from the date of the cash advance and will accrue at the rate of 21.99% p.a. For any cash advance made with this card, you will also be charged ANZ's cash advance fee.
  • Foreign exchange fee. Purchases made in a foreign currency while overseas or online will incur a 3% foreign transaction fee.
  • Interest-free period. The ANZ Rewards Black Credit Card comes with up to 55 days interest-free on purchases (except for cash advances) if you have paid off your previous balance.
  • Purchases. The ANZ Rewards Black Credit Card does not have any introductory offer for purchases. Cardholders will get the ongoing standard rate of 20.99% p.a. for any purchases made with the card that are carried over.

Nilooka Dissanayake

Reviewed by Nilooka Dissanayake

Writer

User reviews

Convenience

Customer service

Rates and fees

Rewards

Trust

They upgraded me with the promise of offers

Reviewed by Linda

The card offers entry to airport lounges worldwide, but when we attended they said that this was no longer available. I am paying a much higher fee than platinum and I can see the difference that it makes to me.

I also don’t like the fact that when you call them it is an overseas call centre. I thought my card had been fraudulently used and they had no idea what was going on.


Great earnings potential

Reviewed by James

Pros are that you get a Visa and companion AmEx card. The AmEx earns 3 points per dollar spent, making a $100 gift card redemption work out to be around 22,225 Rewards points. The card includes the usual travel insurance, and purchase protection, etc. There’s a sign up bonus point offer too.

On the downside, ANZ recently reduced the Visa earn rate per dollar spent to 1.25 points (down from 2 points per dollar spent).

"

Great bonus points and points per dollar

Reviewed by Matthew

The ANZ Rewards Black Credit Card has been really great for my purposes. The initial bonus of 75K QFF points was a great bonus


Would you like to review this product? Click here to write your review and help others make a better decision.