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ANZ Rewards Black Credit Card

This card offers a competitive 80,000 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 80,000 bonus Reward Points when you spend $2,000 on eligible purchases in the first 3 months from card approval. That’s enough for $350 worth of gift cards.

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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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Product NameANZ Rewards Black Credit Card
Rewards programANZ Rewards Program
Balance transfer rate p.a.21.24%
Balance transfer revert rateCash Advance Rate (21.24% p.a.)
Balance transfer limit95% of available limit
Purchase rate p.a.20.24%
Annual fee$0 for the first year ($375 thereafter)
Interest-free periodUp to 55 days on purchases
Cash advance rate21.24% p.a.
Min credit limit$15,000
Card typeVisa
Foreign currency conversion fee3%
Available to temporary residentsYes - Conditions apply
Joint applicationNo


  • 80,000 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
  • Cashback offers when you shop through Cashrewards Max


  • 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 programANZ Rewards Program
Bonus points80,000
Rewards points per $ spent2
Annual fee$0 for the first year ($375 thereafter)
Minimum monthly repayment2% of the closing balance or $25, whichever is greater
Late payment fee$20
Foreign currency conversion fee3%
Cash advance fee3%
Overseas cash advance fee3% of the transaction amount or $4 (whichever is greater)
Overseas ATM withdrawal fee$5
Additional cardholder fee$65
Number of additional cardholders9

Review by

Amy has been writing about personal finance for more than 13 years – including over 600 articles as a senior writer for Finder. She is also the editorial lead for Finder Green, covering sustainability across different industries. Her work has appeared in publications including Money Magazine, The Sydney Morning Herald, Financy, ABC News Australia and Equity Magazine. Amy also has a Bachelor of Arts in Journalism and Drama from Griffith University.

Expert review

The ANZ Rewards Black has one of the most competitive bonus point offers and earn rates on the market right now. To give you an example of the value you can get from the 80,000 bonus points offer, you could redeem them for $350 worth of Myer or Woolworths Supermarket e-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.

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.

Card benefits

  • Bonus points. Receive 80,000 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).

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.

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  1. Avatarfinder Customer Care
    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.

  2. Default Gravatar
    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

    • Avatarfinder Customer Care
      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.


  3. Default Gravatar
    October 7, 2017

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

    • Default Gravatar
      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.


  4. Default Gravatar
    August 2, 2017


    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?


    • Avatarfinder Customer Care
      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.


  5. Default Gravatar
    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

    • Avatarfinder Customer Care
      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.


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