ANZ Rewards Black Credit Card

This card offers a competitive 180,000 bonus points and no annual fee in the first year, but make sure you’ll get enough value for the $375 annual fee after that.

The ANZ Rewards Black is a premium credit card suited to big spenders and earners, with a $375 annual fee that’s waived in the first year with the current introductory offer. If you apply as a new customer, you’ll earn 180,000 bonus Reward Points when you spend $2,000 on eligible purchases in the first 3 months from card approval. That’s enough for $800 worth of gift cards.

This card also offers a high earn rate of 2 ANZ Reward Points per $1 spent on eligible purchases up to $5,000 per statement period and then 1 point per $1 spent for the rest of that statement period. The value of your points, plus perks like complimentary purchase and travel insurance and the 24/7 personal concierge service, could help justify the annual fee after the first year – but only if you use them.

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Amy Bradney-George

Last Updated Aug 24, 2021

180,000

Bonus points

20.24% p.a.

Purchase rate

Reward points

Per $ spent

$0 p.a.

Annual fee

for the first year ($375 p.a. thereafter)

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Details

Product Name	ANZ Rewards Black Credit Card
Rewards program	ANZ Rewards Program
Balance transfer rate	20.24% p.a.
Balance transfer limit	95% of available limit
Purchase rate	20.24% p.a.
Annual fee	$0 annual fee for the first year ($375 p.a. thereafter)
Interest-free period	Up to 55 days on purchases
Cash advance rate	20.24% p.a.
Min credit limit	$15,000
Card type	Visa
Foreign currency conversion fee	3%

Available to temporary residents	Yes - Conditions apply
Joint application	No

Pros

180,000 bonus Reward Points
$0 annual fee for the first year
Up to 2 Reward Points per $1 spent
Complimentary extras including travel insurance and a personal concierge

Cons

Reverts to a relatively high annual fee of $375 after the first year
Additional cardholders annual fee is $65 each
Shopping overseas is subject to a 3% foreign transaction fee

Rewards program	ANZ Rewards Program
Bonus points	180,000
Rewards points per $ spent	2

Annual fee	$0 annual fee for the first year ($375 p.a. thereafter)
Minimum monthly repayment	2% of the closing balance or $25, whichever is greater
Late payment fee	$20
Foreign currency conversion fee	3%
Cash advance fee	2% or $4, whichever is greater
Overseas cash advance fee	2% or $4, whichever is greater
Overseas ATM withdrawal fee	$5
Additional cardholder fee	$65
Number of additional cardholders	9

Review by

Amy Bradney-George

amy.bradney-george@finder.com

Amy Bradney-George has been writing about personal finance for more than 13 years – including over 600 articles as a senior writer for Finder. Her work has also appeared in publications including Money Magazine, The Sydney Morning Herald, Financy, ABC News Australia and Equity Magazine. Amy has a Bachelor of Arts in Journalism and Drama from Griffith University.

Expert review

The ANZ Rewards Black has one of the biggest bonus point offers and earn rates on the market right now. To give you an example of the value you can get from the 180,000 bonus points offer, you could redeem them for $800 worth of David Jones or Woolworths Supermarket e-Gift cards (four $200 gift cards).

It also earns 2 Reward Points per $1 spent on eligible purchases for the first $5,000 per statement period and 1 point per $1 spent after that. If you’re a frequent flyer, you can transfer these points to a partner loyalty program, including Air New Zealand Airpoints, Singapore Airlines Krisflyer or Asia Miles – or redeem points for gift cards and merchandise directly.

You can also enjoy complimentary international travel insurance, interstate flight inconvenience insurance and mobile payments through Apple Pay, Google Pay and Samsung Pay. While the $0 first-year annual fee saves you money when you first get the card, make sure you also think about whether the points and other perks will justify this $375 cost in future years.

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How to apply

If you've compared your options and picked the ANZ Rewards Black, you can apply online in around 5 minutes. Get started by checking that you meet the eligibility criteria listed below, as well as the documents and details you'll need to fill out the application.

Eligibility criteria

Residency requirement. Citizens and permanent residents of Australia are eligible to apply. If you are a non-Australian permanent resident, you must have an eligible working or business visa with at least 9 months remaining.
New cardholder. To earn the bonus points, you must be a new ANZ Rewards customer. This means you must not currently hold an ANZ Rewards Black, ANZ Rewards Platinum or ANZ Rewards credit card – and must not have opened or closed one of these accounts in the last 12 months.

Age. You must be at least 18 years old to apply.
Credit history. You need a good credit rating to receive approval. You can get your credit score and comprehensive credit report for free through Finder.

Required documents

Personal details. This includes your full name, email address, residential address, date of birth, marital status, number of dependents and contact number. You also need to provide a valid form of ID, such as your driver's licence number or passport.
Employment details. You'll need to provide your current job title, years in the job, salary information and your employer's contact details. If you're self-employed, you'll need to provide details of your work, as well as your accountant's contact details. You will also be asked for documentation to verify these details, such as recent payslips or tax assessment notices.
Financial details. This covers any other forms of income, such as superannuation payments and savings, as well as investments, debts and existing credit and loan accounts. You'll also need to provide an estimate of your regular household expenses, including rent or mortgage payments, bills and groceries.

Card benefits

Bonus points. Receive 180,000 bonus Reward Points when you spend $2,000 on eligible purchases within the first 3 months from card approval. The bonus points will be credited to your account within three months of when the spend requirement is met.
First-year annual fee waiver. Save with a $0 annual fee for the first year (reverting to $375 thereafter).

Points per $1 spent. This card boasts ANZ's highest earn rate, offering 2 ANZ Reward Points per $1 spent on eligible purchases up to $5,000 per statement period. You'll then earn 1 Reward Point per $1 spent for spending above $5,000. Eligible purchases include spending on groceries, petrol, dining, travel and other everyday items, but exclude transactions such as cash advances, fees, balance transfers and transactions for gambling or gaming purposes.
ANZ Rewards options. If you belong to a partnered frequent flyer program, you can transfer your ANZ Reward Points for airline loyalty points with Air New Zealand Airpoints, Singapore Airlines Krisflyer or Asia Miles. You can also redeem your points for cashback on your account, gift cards and a variety of merchandise via the ANZ Rewards store. See the ANZ Rewards guide for further information on how to earn and redeem your points.
Complimentary travel insurance. Use this card to pay for at least $250 of eligible overseas travel costs – such as airfares, cruise bookings, car hire, tours or accommodation – before the start of your trip and you can take advantage of international travel insurance. This card also offers interstate flight inconvenience insurance and rental vehicle excess in Australia insurance when you use your card for eligible spending and meet the other insurance requirements.
Complimentary insurance for your shopping. Protect the items you buy with your ANZ Rewards Black with extended warranty insurance, guaranteed pricing scheme and purchase protection insurance.
Cashrewards Max. This complimentary program gives you a way to earn cashback when you shop with over 1,700 brands including Apple, THE ICONIC, Uniqlo and Uber Eats. To get started, create a free Cashrewards account, then link your ANZ credit card to unlock the Cashrewards Max benefits (including bigger cashback offers). After that, you'll get cashback when you shop in-store or online with participating brands. The cashback is added to your Cashrewards account and you can transfer it to your bank account or PayPal once you've collected at least $10.01 cashback. Learn more about this ANZ Cashrewards partnership that launched in 2021.
Personal 24/7 concierge. You can access a personal concierge who can help you with anything from travel planning, travel advice, restaurant or hotel bookings or even picking out gifts for loved ones. You can contact your concierge on 1300 580 765 in Australia or, if you are overseas, on +61 2 8987 1677.
Mobile payment technology. You can add this card to your Apple Pay, Google Pay or Samsung Pay wallets to make contactless payments from your compatible mobile device. You can also pay with your eligible fitness tracker thanks to Fitbit Pay and Garmin Pay.
Visa benefits. Get access to Visa's range of exclusive shopping and travel offers – such as hotel discounts or upgrades – which are listed on the Visa website and on the Visa Premium website. You can also enjoy exclusive ticket and experience offers through Visa Offers + Perks.

Rates & fees

Annual fee. Outside of any promotions, this card charges a $375 annual fee. This includes a $320 Annual Account Fee and a $55 Rewards Program Service Fee.
Purchase rate. Unless you repay your balance before the end of the statement period, your purchases will collect interest at a rate of 20.24% p.a.

Interest-free days. If you pay your closing account balance in full by the statement due date, you'll receive up to 55 interest-free days on purchases. Note that if you have promotional balances from relevant balance transfer plans, instalment plans and buy now pay later plans, you will be eligible for interest-free days on purchases if you pay the full Adjusted Closing Balance listed on your statement by the due date. This is calculated as your closing balance less the sum of any relevant promotional plans.
Foreign transaction fees. If you use this card to make purchases overseas or when shopping online with an overseas business, you'll be charged 3% of the transaction value.
Additional cardholders. You can request up to 9 additional cardholders for a fee of $65 per cardholder.

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206 Comments

finder Customer Care

Alanna
July 26, 2021

Hi Garnett, there is no stipulated minimum income requirement for this card. To give you an idea, the American Express Explorer, with a similar annual fee, has a minimum income requirement of $65,000.
In addition to the eligibility criteria below, ANZ will evaluate your income against your expenses.
– Be 18 years of age or over, and;
– Be a permanent Australian resident or a non-permanent resident with more than 9 months remaining on your Visa.
– Have a good credit rating.
– Ensure if applying for an offer, you don’t currently hold and haven’t opened or closed an ANZ Rewards Black, ANZ Rewards Platinum or an ANZ Rewards credit card in the last 12 months and meet all other offer eligibility criteria.

Lin
October 9, 2018

Is there minimum spend per person to be eligible for oversea travel insurance? We have an ANZ rewards black card and bought cruise tickets for the family. What is the alliance emergency contact in Fiji and New Calidonea? Thanks

finder Customer Care

Jhez
October 10, 2018

Hello Lin,

Thank you for your comment.

One of the eligibility criteria to the complimentary travel insurance of the ANZ Rewards Black Credit Card is to at least used AUD$250* in total for transport costs (airfares and/or cruise) and/or land content (tours, hire cars or other hired transport and accommodation) before you went on your trip. You may contact Allianz Global Assistance in case of emergency claim when you’re in Fiji and New Calidonea. The phone number is found on their website.

Should you wish to have real-time answers to your questions, try our chat box on the lower right corner of our page.

Regards,
Jhezelyn

CT
October 7, 2017

Is BPay an eligible purchase on the ANZ black credit card?

Gru
October 7, 2017

Hello CT,

Yes, for ANZ, payments using BPAY would count as an eligible purchase as long as the item or service you are paying for is considered an “eligible purchase”

Purchases which are not eligible to earn Rewards Points are described in the ANZ Rewards – Rewards Program Terms and Conditions booklet, for example fees, cash, cash equivalent transactions, balance transfers, premiums paid for ANZ Credit Card Insurance and transactions for gambling or gaming purposes will not earn Reward Points.

Please note that some card providers don’t allow you to earn rewards points on BPAY payments, and some will process the payment as a cash advance. It would still always be a good idea to get in touch with the card providers directly to ask for clarification and assurance on this. Also, asking the merchant or service provider that you would be paying if they will process the payment as a purchase would not hurt at all.

Hope this helped.

Cheers,
Gru

John
August 2, 2017

Hi,

I have been approved for the ANZ black rewards credit card on 01/08/2017. I have had this card last year and cancelled it on 17/08/2016. If I activate the new card after 17/08/2017 will I still qualify for the 75,000 bonus rewards points?

Is the condition for not having the existing card in the last twelve months from the approval date of the new card or activation date of the new card?

Thanks.

finder Customer Care

Rench
August 2, 2017

Hi John,

Thanks for your inquiry. Please note that we are not affiliated with ANZ or any company we feature on our site and so we can only offer you general advice.

The offer is not available if you have currently closed an ANZ Rewards, ANZ Rewards Platinum or ANZ Rewards Black credit card within the previous twelve months.

This offer applies only once per eligible customer. Your application must be approved and you must activate the card and make $2,500 worth of eligible purchases within three months of approval to receive the bonus Reward Points. Eligible Purchase means purchases which are eligible to earn Reward Points.

You can be eligible for this offer after 12 months that you have canceled your ANZ Black Rewards credit card. You may confirm this info by contacting ANZ directly.

Cheers,
Rench

warren
February 6, 2017

hi , i have a anz black card and with ref to ,
Access to airport lounges. Cardholders will receive unlimited access to participating airport lounges outside of Australia for you and your additional cardholders. This is regardless of airline or fare,
how do i do this please and is my partner also welcome or just me ?
thanks warren

finder Customer Care

May
February 7, 2017

Hi Warren,

Thank you for your inquiry.

The complimentary access to participating airport lounges is available to eligible ANZ Rewards Black and ANZ Frequent Flyer Black cardholders including their additional cardholders only. If your partner is your additional cardholder, then she will also be eligible for the lounge access, otherwise, no.

To gain complimentary access to a Participating Lounge you must present:
a. your Eligible Card; and
b. a current and valid flight boarding pass in the same name as the Eligible Card, at the entrance to the Participating Lounge.

The participating airport lounges can be found on velocelounges.com and are subject to change.

Hope this helps.

Cheers,
May

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