- You need a good credit score to qualify for this card.
- The ANZ Frequent Flyer Black Card comes with ANZ’s highest Qantas Points earn rate.
- This card has a high annual fee and a high interest rate on purchases, cash advances and balance transfers.
If you have good credit and want to make the most out of your Qantas points, The ANZ Frequent Flyer Black Card may be for you. This card comes with ANZ’s highest Qantas Points earn rate and a large number of benefits, but also a relatively high annual fee.
Balance transfer
N/A
Purchase rate
20.99% p.a. ongoing
Interest-free days
44 days
Annual fee
$425.00 p.a. ongoing
Highlights
- Receive up to 130,000 points. Get a 90,000 bonus Qantas Points and $200 cashback on your new card after spending $5,000 on qualifying purchases within the initial 3 months of approval. Additionally, earn an extra 40,000 bonus Qantas Points by maintaining your card for over 12 months. Terms and Conditions apply.
- Earn 1 Qantas Point for every $1 spent on eligible purchases, up to $7,500 per statement period.
- It includes 7 complimentary insurances, including International Travel Insurance.
In this guide
Who is the ANZ Frequent Flyer Black Card for?
The ANZ Frequent Flyer Black Card is for those who are looking to make maximum use of Qantas points and who wish to enjoy the other attractive travel perks that come with this credit card. It is also aimed at people who intend to almost always repay their account balance in full and avoid paying interest.
What credit score is needed for the ANZ Frequent Flyer Black Card?
ANZ only says you need a good credit score to qualify for this card. The definition of a good credit score changes depending on the credit rating agency used.
- ForExperian, this means a credit score between 625 to 699.
- ForEquifax, a good rating is between 622 and 725.
- Forillion, you'd need between 500 to 699 to be classed as having a good credit score.
(See the FAQs for more details on how credit reporting agencies calculate credit scores).
Tip
You can check your credit score using Finty’s free credit score service.
How hard is it to get the ANZ Frequent Flyer Black Card?
You are eligible for the ANZ Frequent Flyer Black Card if you are:
- 18 years of age or older;
- A permanent Australian resident;
- A temporary (non-permanent) resident but have more than nine months remaining on your visa;
- Not currently holding any kind of ANZ Frequent Flyer credit card (and have not done so in the past 12 months);
- The holder of a good credit rating and haven't recently applied for multiple credit cards.
While ANZ does not specify this, you may need a minimum annual income of $75,000 to become eligible.
Key features and perks
- Huge boost of Qantas bonus points.
- Cashback available for a limited time.
- Uncapped ongoing Qantas points at ANZ’s highest rate, with a reasonable monthly threshold before the earning rate falls.
- Joining fee waiver and annual membership discount for Qantas Club.
- Two complimentary Qantas Club lounge invitations each year.
- Seven complimentary insurance policies, including international travel Insurance and shopping insurance.
- Visa offers and perks including personalised deals on music, sport, fashion, food and movies, among others.
- Fairly high minimum credit limit.
- Interest-free period on purchases of up to 55 days.
- Add up to nine additional cardholders by paying a small annual cost for the rewards program.
Fees
- High interest rate on purchases, cash advances and balance transfers (unless there’s a temporary introductory balance transfer offer when you apply for the card).
- High annual fee.
- Cash advance fees apply, plus interest charges calculated from the day the advance is taken until the day it is repaid.
- Small annual fee for additional cardholders.
- Foreign currency transaction fee and overseas ATM withdrawal fee.
- Late payment fee.
Pros and cons
Pros
- Huge number of bonus Qantas Points can be earned.
- Cashback available (for a limited time).
- High ongoing earn rate for Qantas Points.
- Two visits per year to the Qantas Club lounge.
- Complimentary Qantas Flyer program membership.
- International travel insurance for cardholder, spouse, and dependants.
- Extended warranty and purchase protection insurance on your shopping, plus guaranteed pricing scheme.
Cons
- High annual fee.
- Supplementary cards are not free, but incur a small annual fee.
- High interest rate on purchases, cash advances and balance transfers (unless introductory offer applies).
- Spending target to earn first bonus points and cashback.
- Second year annual fee must be paid to earn remaining bonus points.
- Overseas transaction fees apply.
How do I apply?
You can apply online and it will take just a few minutes to complete the application if you have all your information to hand.
Once you submit your application, you’ll get a response in under a minute with an online application reference number. The bank may contact you for more information, if necessary, within two business days. If your application is approved, you will get your new card within five business days.
Documents and information required during application
- Documents you will be asked for during the application process for an ANZ Frequent Flyer Black card include:
- Your Australian driver’s licence number, if you have one.
- Details of personal income, expenses, assets and liabilities.
- Two recent pay slips to verify income.
- Self employed people must give their accountant’s phone number.
- Details of living expenses including regular bills.
- Your email address.
Alternatives
Before making your final decision, it would be a good idea to check out some of the competition for this type of premium Qantas Points card.
Highlights
- Earn up to 120,000 bonus Qantas Points. Get 90,000 bonus points when you spend $3,000 on everyday purchases within the first 60 days of account opening and 30,000 bonus points when you keep your card for over 12 months. Terms and Conditions apply.
- Save $100 with a reduced first-year annual fee of just $320 p.a. (down from $420 p.a.).
- Get a FREE Qantas Frequent Flyer membership, saving you $99.50.
- Earn 1 Qantas Point per $1 spent on everyday purchases up to $5,000 per statement period, and 0.5 Qantas Points per $1 spent thereafter (capped at $20,000).
Pros
Cons
Highlights
- Get 50,000 bonus Qantas Points when you apply online by 14 January 2025, are approved, and spend $3,000 on eligible purchases on your new Qantas American Express Ultimate Card within the first 3 months of your approval date. Terms and Conditions apply.
- Receive 2 complimentary Qantas Club lounge invitations annually.
- Access a $450 Qantas Travel Credit each year (conditions apply).
Pros
Cons
Highlights
- Receive up to 80,000 bonus Qantas Points. Acquire 60,000 Qantas Points in the first year upon spending $4k+ on eligible purchases within the initial 90 days from new card approval, and an additional 20,000 points after your first eligible purchase in the second year..
- Initial $119 p.a. annual fee followed by $175 p.a. thereafter (Plus a $75 Qantas Rewards opt-in annual fee).
- Earn 0.5 Qantas points per $1 spent on eligible purchases.
Pros
Cons
Highlights
- Earn 0.6 Qantas Points for every $1 spent.
- Includes up to 3 months of International Travel Insurance.
- Comes with an extended warranty for eligible purchases and 90-day purchase protection for items stolen or accidentally damaged.
- Get a FREE Qantas Frequent Flyer membership, saving you $99.50!
Pros
Cons
Highlights
- Earn 50,000 Qantas Points when you spend at least $3,000 on eligible purchases in the first 90 days from new card approval. Terms and Conditions apply.
- Earn 0.5 points for every $1 spent on eligible domestic and overseas purchases.
- Points are automatically transferred to your Qantas Frequent Flyer account, ready to use for flights, upgrades, shopping, and more.
- Comes with complimentary insurance, including Interstate Flight Inconvenience, Rental Vehicle Excess, international travel coverage, extended warranty, purchase protection, and overseas transit accident insurance.
- Earn cashback when you shop through Bank of Melbourne's ShopBack app.
Pros
Cons
FAQs
What ID do you need to open a credit card?
Most banks would accept one of the following:
- Australian driver’s licence, if you have one
- A current passport
- Medicare card
- Your birth certificate
How do credit card issuers determine your credit score?
When you apply for a credit card, the credit card company makes a ‘hard enquiry’ of your credit file with one or more of the Australian credit reporting agencies. A hard enquiry happens when a lender checks your credit file before approving a credit card or loan. This is in contrast to a soft inquiry, which is what happens when you check your own credit score or report. Soft inquiries have absolutely no impact on your credit score.
What is a 'good' credit score in Australia?
Australia has three credit reporting agencies: illion, Equifax and Experian. Different credit reporting agencies use different scoring systems. Experian and illion use a system where the highest score is 1000. Equifax has a top score of 1200.
Here's how they define good, very good and excellent credit scores:
| Bureau | Good | Very good | Excellent |
|---|---|---|---|
| Equifax | 622-725 | 726-832 | 833-1200 |
| Experian | 625-699 | 700-799 | 800-1000 |
| illion | 500-699 | 700-799 | 800-1000 |
Does a declined application affect my credit score and report?
Rejection has a temporary and minimal effect. Hard enquiries will remain on your credit report for two years, and will impact the credit score for one year. Remember that a number of denials within a short period of time can add up to a bigger impact on your score, so don’t make multiple applications within a short period of time.
Check out our article on how you can improve your credit score.
