ANZ Rewards Black Credit Card – Rates and Fees

Information verified correct on December 3rd, 2016
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Enjoy premium travel rewards plus ANZ’s highest rewards earn rate of with the ANZ Rewards Black Credit Card. Receive 75,000 Reward Points after your first eligible purchase.

The ANZ Rewards Black credit card offers cardholders premium perks and a competitive reward program. Earn 75,000 ANZ Rewards Points on signup and continue earning points after your first eligible purchase within the first 3 months of card approval. These rewards can then be redeemed for travel rewards with up to nine different airlines. You can travel with peace of mind thanks to complimentary insurances and access exclusive benefits with Visa Entertainment.

Product NameANZ Rewards Black Credit Card
Rewards ProgramANZ Rewards Program
Purchase rate (p.a.)18.79% p.a.
Annual fee$375 p.a.
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
Minimum Income$75,000
Card TypeAmerican Express/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
Foreign Currency Conversion Fee (AMEX)
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 InsuranceYes
Complimentary Travel Insurance Cover6 months
Available To Temporary ResidentsNo
Joint ApplicationNo
Minimum Income$75,000
Minimum Age18 years of age
Available to Temporary ResidentsNo
Credit Rating Requirement
Credit rating requirement is provided only as a guide. Understanding your credit file helps you make more informed decisions in regards to your finances. Learn more about what this means here.
Good
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
Annual Fee$375 p.a.
Cash Advance Fee$0
Overseas Cash Advance Fee$4
Overseas ATM Withdrawal Fee$5
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
Foreign Currency Conversion Fee (AMEX)
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
Gambling Transactions AllowedYes
Gambling Transactions Interest RateCash Advance Rate
Additional Cardholder Fee$65 p.a.
Number of Additional Cardholders9
BPAYYes
ChequeYes
Direct DebitYes
Australia PostNo
Phone BankingYes
Internet Banking TransfersYes
In BranchYes
MailYes
Rewards ProgramANZ Rewards Program
Bonus Points on Sign-up75,000
Rewards Points per $ (VISA/MC)1.25
Rewards Points per $ (AMEX)3
Rewards Points per $ (VISA/MC) CapUncapped
Rewards Points per $ (AMEX) CapUncapped
Points Expiry36 months

ANZ Rewards Black credit card review

ANZ Rewards Black Credit Card users can access a number of premium perks. Take advantage of an extensive range of black card benefits allowing you to earn rewards as you spend, travel benefits such as complimentary lounge access and complimentary travel insurance. Cardholders can also enjoy a competitive interest rate and the perks that come with holding a Visa card. As this isn’t the only rewards card on the market through, comparing the features, fees and rates will help you decide if the ANZ Rewards Black Credit Card is right for you.

Benefits of the ANZ Rewards Black credit card

  • 75,000 bonus points offer. Get 75,000 bonus points after your first eligible purchase within the first 3 months of card approval (eligible purchases exclude fees, cash, cash equivalent transactions, balance transfers and premiums for ANZ credit card insurance).
  • 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.
  • Complimentary travel insurance. You will receive complimentary comprehensive overseas travel and medical insurance from QBE Insurance.
  • Personal concierge. You will have access to a personal concierge that can help you with travel planning, travel advice, restaurant or hotel bookings or even recommendations.
  • Premium travel. You will also have access to premium travel privileges from American Express through entréTM including the Luxury Hotel program, car rental discounts, global events, the Global Dining program and more.
  • Mobile payment technology. Apple Pay, Android Pay and ANZ Mobile Pay let you use your Apple or Android device to tap and pay with your eligible ANZ credit card.
  • ANZ Rewards. The ANZ Rewards Black credit card lets you earn Reward points for purchases with ANZ’s highest earn rate. You can redeem these Reward points for travel with virtually any airline, as well as hotels, car hire, Velocity points or points on other frequent flyer programs. When you sign up and make at least $50,000 of qualifying purchases on your account in the first year, you will receive a 10,000 Reward Point Loyalty Bonus. Here are the earn rates for the Black Credit Card:
    Card typeEarn rate
    ANZ Rewards Black American Express Card3 Reward points per $1 spent
    ANZ Rewards Black Visa Card1.25 Reward points per $1 spent

ANZ Rewards Black credit card features

  • Fees. ANZ Rewards Black Credit Card attracts an annual fee of $375 every year after, which includes a $320 Annual Account Fee and a $55 Rewards Program Service Fee.
  • Competitive purchase rate. Compared to similar cards in the market, ANZ offers a competitive interest rate of on purchases with this card. Cash advances collect a higher  interest rate.
  • Additional cardholders. You can request up to 9 additional cardholders on your account at a fee of $65 per additional cardholder, making this card an option for businesses and families.
  • Choice of rewards. You have the choice of rewards you can receive with the card, including cashback offers, shopping vouchers and others.
  • Special offers. You will receive offers from American Express retail and lifestyle partners with AMEXConnect, which includes savings offers for your card.
  • Visa Entertainment. This program provides you with access to special events, exclusive merchandise packages and home entertainment products.
  • Complimentary insurance cover. You will receive Rental Excess Cover when you rent a car in Australia plus Interstate Flight Inconvenience Insurance when you fly within Australia.

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

In order to be eligible for the ANZ Rewards Black credit card you will need to meet the following criteria:

  • Be over the age of 18
  • Earn at least $75,000 per year
  • Have a good credit rating
  • 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
  • Be residing, or be soon to reside, in Australia

Required documents

  • Australian driver’s licence (if applicable)
  • Employer’s address
  • If you are self-employed you will need your accountant’s name and contact number
  • Details of your income, assets and liabilities
  • If you are already an ANZ customer you will need your ANZ account number

Frequently asked questions

Which airport lounges do I have access to?

Please refer to this link for the full list of participating airport lounges outside of Australia for you and your additional cardholders. This is regardless of airline or fare.

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195 Responses to ANZ Rewards Black Credit Card – Rates and Fees

  1. Default Gravatar
    | September 9, 2016

    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

    • Staff
      Jonathan | September 22, 2016

      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

  2. Default Gravatar
    Jon | August 20, 2016

    Can i transfer my anz reward points to a qantas frequent flyer program and or velocity virgin program. Thanks

    • Staff
      Anndy | August 22, 2016

      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

  3. Default Gravatar
    joe | July 29, 2016

    Hi There

    Is paying bills for materials purchase in my business eligible for rewards points
    Also what is the capped per month?

    • Staff
      May | August 2, 2016

      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

  4. Default Gravatar
    | June 24, 2016

    What is an eligible purchase on this card

    • Staff
      Anndy | June 24, 2016

      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

  5. Default Gravatar
    Jane | May 26, 2016

    what are your international transaction fees on your credit cards?

    • Staff
      Anndy | May 27, 2016

      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

  6. Default Gravatar
    Ben | May 23, 2016

    Hi, with the 75k ANZ points, what would this convert to if you transfer it to Virgin Velocity or Singapore KrisFlyer?
    Ben

    • Staff
      Anndy | May 23, 2016

      Hi Ben,

      Thanks for your comment.

      If you have ANZ Rewards Black Credit Card, you can redeem in multiples of 2 Reward Points for 1 Velocity Frequent Flyer Point. For 75,000 ANZ points, that is equivalent to 37,500 Velocity Frequent Flyer Points. Please note that starting June 1, 2016, the ANZ minimum transfer is 3,000 ANZ Reward Points for 1,500 Velocity Frequent Flyer Points according to ANZ website. You should allow up to 5 business days for Velocity Points to be allocated to your Account, and you must be a member of the Velocity Program.

      Also, if you want to exchange your ANZ Reward Points for Krisflyer Miles, you can redeem an initial minimum of 6,000 Reward Points for 2,000 KrisFlyer Miles and additional multiples of 3,000 Reward Points thereafter. It could take up to 14 business days for Kris Flyer Miles to be allocated to your account. You should be a member of the Krisflyer Program to initiate the conversion of points.

      I hope this answers your question.

      Cheers,
      Anndy

  7. Default Gravatar
    Mick | May 23, 2016

    I want to apply, and qualify for the card with wage etc. But have applied for a few cards 3 or 4 years ago and didn’t get them and am worried if I apply and get rejected it will affect my credit rating. I do have a home loan I think I shouldn’t be rejected but don’t want to run the risk. Can you apply at the bank where they could assess you without the possibility of getting rejected?

    • Staff
      May | May 24, 2016

      Hi Mick,

      Thanks for your question.

      Please note that all applications for credit and overdue accounts, as well as payment defaults, will be held on your credit file for 5 years. While this information is still present in your credit file, this will be seen by a credit provider and this will also be a factor for your chance of being approved or rejected if you will apply for a new line of credit. Enquiries about credit will also be recorded. It will show what financial institutions you have approached and asked for credit, including utility providers, telecommunications, finance companies, and banks.

      So if you have a plan on applying for a credit card today, you’d be best to contact the bank or card issuer directly and discuss your chances of approval before your submit your application. This way, you’ll avoid another enquiry to be recorded in your file.

      I hope this helps.

      Cheers,
      May

  8. Default Gravatar
    Rob | May 22, 2016

    Hello,

    Is this credit card available to businesses?

    Thank you.

    • Staff
      May | May 22, 2016

      Hi Rob,

      Thanks for your question.

      ANZ Rewards Black Credit Card is one of the personal credit card products of ANZ. So this type of card is only available for individuals. If you’re looking for an ANZ rewards credit card for business, you may like to check this page.

      I hope this helps.

      Cheers,
      May

  9. Default Gravatar
    Nitin | May 17, 2016

    Hi

    I am thinking about applying ANZ Rewards Black Credit Card.
    I have already booked all my tickets to USA & NewZealand in August and was wondering would I still receive travel insurance even though I have my tickets and hotels already booked and paid for?

    Thanks

    • Staff
      Anndy | May 17, 2016

      Hi Nitin,

      Thanks for your comment.

      Please note that finder.com.au is a financial comparison and information service and is not ANZ.

      According to ANZ Insurance Policy Information, to be eligible for the complimentary travel insurance attached to ANZ Rewards Black Credit Card, you have to:

      -have a ticket to return you to Australia;
      -used your ANZ Rewards Black Credit Card before you went on your trip to purchase at least AUD$250 in total (inclusive of taxes and other charges) of:
      (i) transport costs (airfares and/or cruise); and/or
      (ii) land content costs (tours, hire cars or other hired transport and accommodation); for you and for your spouse and child who are on that trip with you.

      I hope this helps.

      Cheers,
      Anndy

  10. Default Gravatar
    Glenn | May 9, 2016

    With the Black rewards card can I later convert points to Qantas or Virgin, and at what rate is it?

    • Staff
      May | May 9, 2016

      Hi Glenn,

      Thanks for your inquiry.

      With ANZ Rewards Black Credit Card, your 2 ANZ Reward points are equivalent to 1 Velocity Point. I’ve sent you the link on how you can transfer your points to your Velocity account through your email.

      Unfortunately, with this card, you can’t transfer your points to Qantas, but you can to other frequent flyer programs like Singapore Airlines KrisFlyer, Air New Zealand Airpoints Dollars and Cathay Pacific Asia Miles. Please see the ANZ Rewards Black T&Cs that I sent to your email. Also, the ANZ cards that let your transfer points to Qantas are ANZ FF Black, ANZ FF Platinum and ANZ FF credit card.

      I hope this has helped.

      Cheers,
      May

    • Default Gravatar
      Steve | May 14, 2016

      With the ANZ FF Black card, am I eligible to transfer the Qantas points to Virgin? If so, what is the rate and are there any penalties for transfer?

    • Staff
      Sharon | May 16, 2016

      Hi Steve,

      Thanks for you inquiry.

      You can redeem you ANZ Reward Points to Velocity points with this ratio: 2 Reward Points = 1 Velocity Frequent Flyer Point.
      For more details, please check the information I have sent to your email.

      I hope this helps.

      Sharon

    • Default Gravatar
      | May 16, 2016

      My question is whether I can transfer the Qantas points from the ANZ Black FF card to Virgin points?

    • Staff
      Sharon | May 16, 2016

      Hi Steve, thanks for clarifying.

      Unfortunately, only the listed ANZ credit cards below are eligible for Qantas points transfer.

      - ANZ Rewards, ANZ Rewards Platinum and ANZ Rewards Black Visa / Amex Credit Card
      - ANZ Business Rewards, ANZ Business Rewards Options and ANZ Business Black Credit Card (Visa)

      I hope this helps.

      Sharon

Credit Cards Comparison

Rates last updated December 3rd, 2016
Purchase rate (p.a.) Balance transfer rate (p.a.) Annual fee
Virgin Australia Velocity Flyer Card - Balance Transfer Offer
Enjoy a 0% p.a. balance transfer offer for 18 months and also earn 2 bonus Velocity Points in the first 3 months on everyday spend.
20.74% p.a. 0% p.a. for 18 months $64 p.a. annual fee for the first year ($129 p.a. thereafter) Go to site More info
ME Bank frank Credit Card
Enjoy a low and consistent interest rate on purchases and cash advances, combined with no annual fee.
11.99% p.a. $0 p.a. Go to site More info
HSBC Platinum Credit Card
Receive a full annual fee refund and save $149 if you meet the $6,000 spend requirement. Enjoy a balance transfer offer and platinum card benefits such as complimentary insurances and concierge services.
19.99% p.a. 0% p.a. for 15 months $149 p.a. Go to site More info
NAB Low Rate Credit Card
The NAB Low Rate Card offers 0% p.a. on purchases and balance transfers for 15 months. This card also comes with a low annual fee.
0% p.a. for 15 months (reverts to 13.99% p.a.) 0% p.a. for 15 months with a one off 3% balance transfer fee $59 p.a. Go to site More info
HSBC Platinum Qantas Credit Card
Receive 60,000 bonus Qantas Points on eligible spend within 3 months. Enjoy access to premium benefits and complimentary insurance.
19.99% p.a. $199 p.a. Go to site More info

* The credit card offers compared on this page are chosen from a range of credit cards finder.com.au has access to track details from and is not representative of all the products available in the market. Products are displayed in no particular order or ranking. The use of terms 'Best' and 'Top' are not product ratings and are subject to our disclaimer. You should consider seeking independent financial advice and consider your own personal financial circumstances when comparing cards.

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