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Our verdict

Offers a big bonus 180,000 ANZ Reward Points and $150 back, with a $375 annual fee.

The ANZ Rewards Black earns the most points per $1 of any ANZ Rewards card, with 2 Reward Points per $1 on eligible purchases for the first $5,000 per statement period and 1 point per $1 after that. 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 Woolworths WISH digital gift cards. Or transfer them to get 90,000 Velocity Points – enough for a return business class flight from Brisbane to Perth.

As well as Velocity, this flexible rewards program lets you transfer points to Air New Zealand Airpoints, Singapore Airlines Krisflyer or Asia Miles. You can also redeem points for statement credit or retail items. This card also comes with complimentary insurance options – including for international and domestic travel. Just make sure these benefits will give you enough value to justify the card's costs.

Pros

180,000 bonus ANZ Reward Points
$150 back
Up to 2 ANZ Reward Points per $1 spent
Complimentary extras including travel insurance and a personal concierge

Cons

Charges a relatively high annual fee of $375 p.a.
3% foreign transaction fee
Additional cardholder fee of $65 per card

The ANZ Rewards Black is a premium credit card with features suited to big spenders and earners. If you apply as a new customer, you’ll earn 180,000 bonus ANZ Reward Points and get $150 back when you spend $3,000 on eligible purchases in the first 3 months from card approval. That’s enough for around $800 worth of gift cards.

This card also offers a high earn rate of 2 ANZ Reward Points per $1 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 – but only if you use them.

Details

Product details

Product Name	ANZ Rewards Black Credit Card
Balance transfer rate p.a.	21.99%
Balance transfer limit	95% of available limit
Purchase rate p.a.	20.49%
Interest-free period	Up to 55 days on purchases
Cash advance rate p.a.	21.99%
Min credit limit	$15,000
Card type	Visa

Eligibility

Available to temporary residents	Yes - Conditions apply
Joint application	No

Rewards

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

Fees

Annual fee	$375
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	3%
Overseas cash advance fee	3% of the transaction amount or $4 (whichever is greater)
Overseas ATM withdrawal fee	$5
Additional cardholder fee	$65
Number of additional cardholders	9

How to apply

If you've compared your options and picked the ANZ Rewards Black, you can apply online in around 20 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

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.
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.

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 ANZ Reward Points when you spend $3,000 on eligible purchases within the first 3 months from card approval. The bonus points will be credited to your account within 3 months of meeting the spend requirement.
$150 back. You'll get $150 back to your new ANZ Frequent Flyer Black card when you apply, are approved and spend $3,000 on eligible purchases within the first 3 months.

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 Velocity, 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 insurance covers. The ANZ Rewards Black credit card offers a range of complimentary insurances for travel and shopping, including international travel insurance, domestic travel insurance, rental vehicle excess in Australia insurance, purchase protection insurance and extended warranty insurance. The eligibility criteria include making eligible spend with your ANZ Rewards Black credit card.
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. 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 20.49% 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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Amy Finder

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James

November 06, 2023

Hi what income do you need for this card.

Cheers

Amy Bradney-George Finder

November 06, 2023

Hi James,

ANZ doesn’t list a minimum income requirement for this card. But you will need to provide details of your income, expenses and other liabilities when you apply. As credit card providers in Australia have to consider your ability to repay the total limit over a 3-year period, it could also help to consider the minimum credit limit ($15,000 at the time of writing). Finder’s guide to credit card minimum income requirements also has further details if you’re interested. I hope this helps.

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dawn brown

October 30, 2023

going on a short 3 day cruise melbourne to adelaide. i am 79. will the insurance attached to the card cover me

Amy Bradney-George Finder

November 03, 2023

Hi Dawn,

The domestic travel insurance on this card is only available if you have a return domestic flight booked as part of the trip, and may not be suitable cover for issues that arise on a cruise. If you want to discuss specific details of the cover, you can contact Allianz (the insurance provider) on 1300 135 271. You can also compare cruise travel insurance policies on Finder. I hope this helps.

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Garry

October 19, 2023

With the ANZ Rewards Black card , do any restrictions apply to the travel insurance if my wife has a pre existing illness ( cancer ) . She has now been clear for 18 months .

Amy Bradney-George Finder

October 19, 2023

Hi Garry,

That’s an important question to ask before you travel. You can contact the insurance provider, Allianz, on 1300 135 271 to discuss this with them directly so that you have the most accurate information. I hope this helps.

Aaron

October 05, 2023

Can I use the rewards black credit card to pay my mortgage every week?

Amy Bradney-George Finder

October 06, 2023

Hi Aaron,

Your mortgage repayments should always be made using your own money, not credit. If your goal is to earn more points, Finder has a guide on a hands-on strategy for using a credit card and an offset account that may be of interest. If you’re experiencing mortgage stress and need help with your mortgage payments, talk to your lender about relief options. You can also speak to a financial counsellor for free by calling the National Debt Helpline on 1800 007 007.

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Linda

October 04, 2023

Hi Amy

I have an ANZ Rewards Black credit card, just wondering if I’m covered on a short domestic cruise, thanks.

Amy Bradney-George Finder

October 04, 2023

Hi Linda,

If the trip includes a return domestic flight that was paid for with your ANZ Rewards Black, or if you meet the other requirements and have a return domestic flight ticket, it’s possible there may be some cover related to cancellations, additional expenses and delays. But it’s a good idea to check directly with the insurance provider, Allianz, by calling 1300 135 271 or using the online form at https://travel.agaassistance.com.au/anz/travel-insurance. I hope this helps.

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ANZ Rewards Black Credit Card

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