ANZ Rewards Black Credit Card
- Receive 75,000 bonus Reward Points
Pay $0 annual fee for the first year
Eligibility criteria, terms and conditions, fees and charges apply
Collect up to 2 ANZ Rewards Points per $1 spent plus enjoy 75,000 bonus Reward Points and $0 annual fee for the first year with the ANZ Rewards Black credit card.
The ANZ Rewards Black credit card is designed to suit big spenders and high income earners (at least $75,000 p.a.) who want to be rewarded for paying with plastic. You can earn ANZ Rewards Points per $1 spent and will receive a 75,000 bonus points when you meet the spend requirements as a new cardholder.
Just as an example, you could redeem 75,000 ANZ Rewards Points for 37,500 Velocity Points or over $320 in Woolworths gift cards. Other exclusive benefits you can enjoy include complimentary insurances, airport lounge access and a 24/7 personal concierge. Unlike most black cards, it also offers you plenty of ways to cut back on regular card costs.
| Product Name | ANZ Rewards Black Credit Card |
|---|---|
| Rewards Program | ANZ Rewards Program |
| Purchase rate (p.a.) | 18.79% p.a. |
| Annual fee | $0 p.a. annual fee for the first year ($375 p.a. thereafter) |
| Interest Free Period The interest-free period on purchases is the period or number of days you do not have to pay interest on your card purchases. You will be charged interest either from the day you make a purchase or from the statement date, unless you pay the closing balance in full by the due date (or within the interest-free period) on your statement. | Up to 55 days on purchases |
| Cash advance rate (p.a.) | 20.99% p.a. |
| Min credit limit This is the lowest credit card limit that you can request. It is possible to apply for a higher credit card limit but not a lower one than this figure. | $15,000 |
| Card Type | Visa |
| Foreign Currency Conversion Fee (VISA) Foreign currency conversion fees are charged when you make a transaction that is converted by a credit card network, such as MasterCard, Visa or American Express, from Australian dollars to a foreign currency. You’ll also incur a currency conversion fee if you make a purchase or obtain a cash advance in Australian dollars while overseas or shopping online with a foreign merchant or financial institution. | 3% of transaction value |
| Complimentary Travel Insurance | Yes |
| Minimum Income | $75,000 |
|---|---|
| Minimum Age | 18 years of age |
| Available To Temporary Residents | Yes - Conditions apply |
| Joint Application | No |
| Annual fee | $0 p.a. 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 |
| Cash Advance Fee | The greater of 2% of cash advance amount or a minimum of $4.00 |
| Overseas Cash Advance Fee | The greater of 2% of cash advance amount or a minimum of $4.00 |
| Overseas ATM Withdrawal Fee | $5 |
| Foreign Currency Conversion Fee Foreign currency conversion fees are charged when you make a transaction that is converted by a credit card network, such as MasterCard, Visa or American Express, from Australian dollars to a foreign currency. You'll also incur a currency conversion fee if you make a purchase or obtain a cash advance in Australian dollars while overseas or shopping online with a foreign merchant or financial institution. | 3% |
| Gambling Transactions Allowed | Yes |
| Additional Cardholder Fee | $65 |
| Number of Additional Cardholders | 9 |
Pros
- Receive 75,000 when you apply, are approved and spend $2,500 on eligible purchases in the first 3 months from card approval.
- Pay $0 annual fee for the first year.
- Earn up to 2 reward points per $1 when you make eligible purchases on your card.
- Enjoy complimentary extras including travel insurance, airport lounge access and a personal concierge.
Cons
- This card has a revert annual fee of $375. This is higher than some premium reward cards.
- Additional cardholders attract a fee of $65 p.a. each. Some reward cards offer supplementary cardholders at no extra cost.
| Rewards Program | ANZ Rewards Program |
|---|---|
| Bonus Points | 75,000 bonus points |
| Rewards Points per $ spent (VISA/MC) | 2 |
| Rewards Points per $ (VISA/MC) Cap | Uncapped |
ANZ Rewards Black credit card review
The ANZ Rewards Black is the most premium card offered in the lineup of ANZ Rewards cards. It offers no annual fee for the first year ($375 p.a. thereafter), bonus points with a huge range of options for redemption and five complimentary insurance policies for travel and shopping.
The card also offers up to 2 ANZ Rewards Points per $1 spent on eligible purchases up to $5,000 per statement period. After this, you’ll earn 1 Rewards Point per $1 spent.
Benefits of the ANZ Rewards Black credit card
- Bonus points. Receive 75,000 bonus Reward Points when you apply, are approved, and spend $2,500 on eligible purchases in the first 3 months from card approval.
- Earn ANZ Rewards. This card boasts ANZ’s most competitive points earn rate. You’ll earn 2 ANZ Rewards Points per $1 spent on eligible purchases up to $5,000 per statement period. You’ll then earn 1 Rewards Point per $1 spent for spending above $5,000.
- No annual fee promotion. You can save on card costs with a promotional $0 annual fee for the first year. This will revert to the higher standard annual fee of $375 thereafter.
- Redeeming points. If you belong to a partnered frequent flyer program, you can transfer your ANZ Rewards Points for airline loyalty points with Virgin Australia’s Velocity, Air New Zealand, Singapore Airlines Krisflyer or Cathay Pacific Asia Miles. You can also redeem your points for cashback, gift cards and a variety of merchandise via the ANZ Rewards store. See our ANZ Rewards guide for further information on how to earn and redeem your points.
- Complimentary insurance. Cardholders can take advantage of overseas travel and medical insurance, interstate flight inconvenience insurance and rental excess cover. Plus, shop with peace of mind thanks to extended warranty insurance, a best price guarantee scheme and 90-day purchase security insurance.
- Airport lounge passes. Wait for your next flight in style with unlimited access to participating Véloce airport lounges outside of Australia for you and your additional cardholders.
- 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. Apple Pay, Google Pay and Samsung Pay let you use your Apple, Android or Samsung device to tap and pay with your eligible ANZ credit card.
Rates and fees you can expect from the ANZ Rewards Black credit card
- Annual fee. This card offers a $0 annual fee for the first year, but will revert to $375 each year. From this amount, $320 goes to the annual account fee and $55 is allocated to the 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 18.79% p.a., which is pretty standard among most black credit cards.
- Interest-free days. If you pay your balance in full by the statement due date, you’ll receive up to 55 interest-free days on future purchases.
- Foreign transaction fees. If you use this card to make foreign transactions overseas or when shopping online, 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. It comes at a cost, but this means you could use the card to manage your family or business expenses under the one account.
How to apply for the ANZ Rewards Black credit card
If you would like to apply for the ANZ Rewards Black credit card, follow the link to fill out ANZ’s online application form. The form will take 10-15 minutes to complete and you will receive a response within 60 seconds. You will need to meet the following requirements and include the necessary information to apply:
Eligibility criteria checklist
- Age. Applicants must be at least 18 years old to apply.
- Income. You must earn at least $75,000 per year.
- Credit history. You need a good credit rating to receive approval.
- Residential status. You must be a permanent Australian resident, an Australian or New Zealand citizen or have a valid Australian 457 working visa and have at least nine months remaining from the date of application to apply.
Required documents and information
If you’re sure that you meet the eligibility criteria, make sure you can provide the following information and documents during the application:
- Proof of identification. You’ll be asked to provide a copy of your Australian driver’s licence (if applicable).
- Proof of employment. You’ll need to include information regarding your employment including your employer’s postal address and contact information.
- Self-employed information. If you are self-employed you will need to provide your accountant’s name and contact number as well as a copy of your most recent personal tax return and corresponding ATO Notice of Assessment.
- Pensioners, government benefits recipients and retirees. If you’re on a pension of receive a government benefit allowance, you’ll need to attach a recent statement from Centrelink or your most recent bank statement that show clearly labelled government income credits. If you’re retired, make sure to provide a copy of your Annual Investment Statement.
- Income. You’ll need to include details of your income, assets and liabilities as well as copies of recent payslips.
- Existing customer information. If you are already an ANZ customer you will need to provide your ANZ account number, which will help you complete your application faster.
When will I hear about my application?
If you apply for the ANZ Rewards Black credit card online, you should receive a response within 60 seconds of submitting your completed form. If you’ve been approved, you can expect to receive your card in the mail within five business days.The ANZ Rewards Black credit card offers premium perks without the cost of an annual fee for the first year. Plus, the high points earn rate, complimentary airline passes and a generous bonus Reward Points can help outweigh the costs of the card. As this isn’t the only black rewards credit card on the market, it’s wise to compare your options before you apply.
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ANZ rewards black credit card gives you unlimited access to Véloce airport lounges whenever used? What is the requirement and unlimited?
Hi Mary,
Yes, ANZ Rewards Black cardholders can enjoy unlimited access to Véloce airport lounges by simply presenting the eligible credit card at the reception desk along with their boarding pass or travel itinerary. You can refer to this guide for more details on Veloce lounge program.
Cheers,
Liezl
Is BPay an eligible purchase on the ANZ black credit card?
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
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.
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
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
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
Are QANTAS and Emirates part of the program?
Hi Mark,
Thank you for your enquiry.
ANZ Rewards Program points cannot redeem points or miles with Qantas Frequent Flyer or with Emirates Skywards Frequent Flyer program.
ANZ Rewards lets you redeem your Reward Points for points or miles with Air New Zealand, Cathay Pacific Asia Miles, Singapore Airlines KrisFlyer or Velocity Frequent Flyer. Please click this link for more details on how to transfer points to these frequent flyer programs.
You may also click this link for a list of Qantas Frequent Flyer Credit Cards.
I hope this helps.
Kind regards,
Jason
I already have a “Black” card with a #20,000 limit from one of your competitors (one of the “big” 4) but now retired no longer have a salary – just my super. Do you have some type of “transfer recognition” if I come over to ANZ and what bonus points would be available e.g. on an ANZ rewards black card if you are able to give me recognition.
Thanks in anticipation. M
Hi Madison, thanks for your inquiry!
Whilst there is no ‘transfer recognition’ system between banks, you are eligible to apply for the ANZ Rewards Black credit card if you meet the minimum income requirement of least $75,000 per year with your superannuation income and meet the other application criteria stated in the bottom of the review page. This credit card currently offers 75,000 bonus points.
Cheers,
Jonathan
Can i transfer my anz reward points to a qantas frequent flyer program and or velocity virgin program. Thanks
Hi Jon,
Thanks for your question.
Yes, you can transfer our ANZ Rewards points to any of the following frequent flyer programs:
– Air New Zealand Airpoints
– Cathay Pacific Asia Miles
– Singapore Airlines KrisFlyer
– Virgin Australia Velocity
Cheers,
Anndy
Hi There
Is paying bills for materials purchase in my business eligible for rewards points
Also what is the capped per month?
Hi Joe,
Thanks for your inquiry.
For ANZ Rewards Black credit card, eligible purchases exclude cash, cash equivalent transactions, balance transfers, premiums paid for ANZ Credit Card Insurance and transactions for gambling or gaming purposes. So, if you’ve just used your card for purchases from a store, then that should be considered as eligible and can earn rewards points.
There is no capping of points for ANZ Rewards Black Credit Card, so you can earn points as many as you can with this card.
Cheers,
May
What is an eligible purchase on this card
Hi Fred,
Thanks for your question.
Eligible purchases are purchases for goods and services but don’t include purchase returns and other credits. For the purpose of earning Rewards Points, eligible purchases exclude fees, cash, cash equivalent transactions, balance transfers, premiums paid for ANZ Credit Card Insurance and transactions for gambling or gaming purposes.
I hope this answers your question.
Cheers,
Anndy
what are your international transaction fees on your credit cards?
Hi Jane,
Thanks for your comment.
Please note that finder.com.au is a financial comparison website and is not ANZ.
Nevertheless, ANZ charges overseas transaction fee of 3% of the value of your withdrawal or purchases. If you use a non-ANZ ATM, you will also incur an overseas ATM transaction fee of $5 per withdrawal. Moreover, most ATM operators charge a fee for using their machine.
Cheers,
Anndy