What credit score do I need to get the ANZ Frequent Flyer Black Credit Card?

By   |   Verified by Yvonne Taylor   |   Updated 7th December 2021

Credit-Score-Needed-ANZ-FF-Black-Card.png
  • 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.

ANZ Frequent Flyer Black Credit Card

ANZ Frequent Flyer Black Credit Card

Balance transfer

N/A

Purchase rate

20.24% p.a. ongoing

Annual fee

$425.00 p.a. ongoing

Highlights

  • Earn up to 130,000 Qantas Points. You’ll get 100,000 bonus Qantas Points and $255 back to your new card when you spend $3,000 on eligible purchases in the first 3 months from approval and an extra 30,000 Qantas Points if you keep the card for over 12 months.
  • Earn 1 Qantas Point per $1 spent on eligible purchases up to $7,500 per statement period.
  • Get 7 complimentary insurances including International Travel Insurance.

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

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.

NAB Qantas Rewards Signature Card

On NAB's website

Highlights

  • Earn up to 110,000 bonus Qantas Points. Receive 90,000 bonus points when you spend $3,000 in the first 60 days from account approval date and 20,000 bonus points when you keep your card open for over 12 months. Terms and conditions apply.
  • Enjoy 0% on balance transfers for 6 months with 2% Balance Transfer Fee.
  • Reduced annual fee of $295 p.a. instead of $395 p.a. (saving you $100).

Pros

  • Complimentary Qantas Frequent Flyer membership fee valued at $99.50.
  • Six complimentary insurances when you make an eligible purchase.
  • Earn 1 Qantas Point per $1 spent on everyday purchases up to $5,000 per statement period then 0.05 pts per $1 spent thereafter (capped at $20,000).

Cons

  • Annual fee of $395 p.a. is quite high.
American Express Qantas Ultimate Credit Card

On American Express' website

American Express Qantas Ultimate Credit Card

Highlights

  • Receive 100,000 bonus Qantas Points when you apply online, are approved and spend $3,000 on your new Card within the first 3 months. Available to new Card Members only
  • Earn 1.25 Qantas Points for every $1 spent on card purchases, except spend at government bodies in Australia where you will earn 0.5 Qantas Points per $1 spent.
  • Save the offer to your eligible Card and get 3 extra Qantas Points per $1 spent, in-store or online at participating Shop Small businesses by 31/03/2022, up to a maximum of 40,000 extra Points. Exclusions apply.

Pros

  • The 100,000 bonus Qantas Points when you meet the criteria.
  • 2 complimentary Qantas Club lounge invitations each year.
  • $450 Qantas Travel Credit each year (conditions apply).

Cons

  • The annual fee of $450.
Westpac Altitude Platinum Credit Card (Qantas)

On Westpac's website

New offerApply by 24 February 2022

Westpac Altitude Platinum Credit Card (Qantas)

Highlights

  • Receive 75,000 bonus Qantas Points when you spend $4,000 on eligible purchases within 90 days of card approval. Terms and conditions apply.
  • Transfer your balance at 0% p.a. for 24 months (1 % balance transfer fee applies). Reverts to cash advance rate of 21.49% p.a.
  • $99 p.a. annual fee for the first year then $200 p.a. annual fee thereafter (inclusive of $50 Qantas Rewards opt-in annual fee).


From 1 January 2022, earn 0.5 Qantas Points per $1 up to a maximum of $100,000 spent on eligible purchases annually. Bonus Qantas Points not included in the cap.


Pros

  • 75,000 bonus Qantas Points when you spend $4,000 in 90 days.
  • 0% p.a. for 24 months on balance transfers.
  • Additional savings with the $99 first-year annual fee ($200 p.a. thereafter).
  • Comes with complimentary insurance covers which include overseas medical and purchase security.

Cons

  • There is a 1% balance transfer fee.
  • Only up to 45 days interest-free on purchases.
Bendigo Bank Qantas Platinum Credit Card

On Bendigo Bank's website

Bendigo Bank Qantas Platinum Credit Card

Highlights

  • Earn 0.6 Qantas Points per $1 spent.
  • 180 days of comprehensive travel insurance.
  • 0% p.a. on balance transfers for 6 months. Purchase rate of 19.99% p.a. applies thereafter.
Bank of Melbourne Amplify Platinum Credit Card (Qantas)

On Bank of Melbourne's website

Apply by 24 February 2022

Bank of Melbourne Amplify Platinum Credit Card (Qantas)

Highlights

  • Earn up to 60,000 bonus Qantas Points when you spend $3,000 on eligible purchases within 90 days from card approval. Exclusions apply.
  • 0% p.a. for 24 months on balance transfers with 1% balance transfer fee. Reverts to cash advance rate.
  • Earn 0.5 points per $1 spent (uncapped). Plus, get a complimentary Qantas membership fee. Saving you $99.50!


From 1 January 2022, earn 0.5 Qantas Points per $1 up to a maximum of $100,000 spent on eligible purchases annually. Bonus Qantas Bonus Qantas Points not included in the cap.


Pros

  • The 60,000 bonus Qantas Points.
  • 0% p.a. for 24 months on balance transfers.
  • Complimentary travel and purchase insurances.

Cons

  • There is a 1% balance transfer fee.
  • Points earning rate of 0.5 points is lower than others.

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:

BureauGoodVery goodExcellent
Equifax622-725726-832833-1200
Experian625-699700-799800-1000
illion500-699700-799800-1000

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.