ANZ Rewards Black Credit Card – Rates and Fees

Information verified correct on April 28th, 2017
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Take advantage of ANZ’s highest rewards earn rate, a $250 Westfield Gift Card and $0 annual fee for the first year with the ANZ Rewards Black credit card.

The ANZ Rewards Black credit card is the most premium product in ANZ’s Reward cards catalogue. With a competitive rewards program, complimentary insurances and a variety of platinum features, there are plenty of ways to get extra value from the card.

Apply and be approved for an ANZ Rewards Black credit card and also enjoy a waived annual fee for the first year plus receive $250 Westfield Gift Card when you spend $2,500 in the first 60 days from approval.

Product NameANZ Rewards Black Credit Card
Rewards ProgramANZ 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
Minimum Monthly Repayment2% of the closing balance or $25, whichever is greater
Minimum Income$75,000
Card TypeVisa
Late Payment Fee$20
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 InsuranceYes
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$0 p.a. annual fee for the first year ($375 p.a. thereafter)
Minimum Repayment2% of the closing balance or $25, whichever is greater
Late Payment Fee$20
Over Limit Fee$20
Cash Advance FeeThe greater of 2% of the cash advance amount or minimum $0
Overseas Cash Advance FeeThe greater of 2% of the cash advance amount or minimum $4.00
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
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

Pros

  • Get a $250 Westfield Gift Card when you apply, are approved and spend $2,500 in the first 60 days 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 ProgramANZ Rewards Program
Rewards Points per $ (VISA/MC)2
Rewards Points per $ (VISA/MC) CapUncapped
Points Expiry36 months

ANZ Rewards Black credit card review

ANZ Rewards Black credit card holders can take advantage of a number of premium perks. You can earn up to 2 points per $1 spent on purchases, enjoy travel benefits such as complimentary lounge access and international travel insurance and receive a $250 Westfield Gift Card when you spend $2,500 in the first 60 days from card approval. Like most Black cards, this card comes with higher interest rates and annual fees, so it’s important to compare the features, rates and fees before you apply.

Benefits of the ANZ Rewards Black credit card

  • $250 Westfield Gift Card. When you spend $2,500 in the first 60 days from approval, you’ll receive a $250 Westfield Gift Card.
  • $0 annual fee. 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.
  • Rewards. You’ll earn 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 thereafter. However, you can avoid the points cap and collect the full 2 Reward Points per $1 spent until 5 August 2017. Frequent flyers can transfer their ANZ Reward Points for airline loyalty points with Virgin Australia’s Velocity, Air New Zealand, Singapore Airlines Krisflyer and Cathay Pacific Asia Miles. You can also redeem your points for cash back, 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.
  • Airport lounge access. 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 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.
  • Complimentary insurances. 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, the best price guarantee scheme and 90-day purchase security insurance.
  • 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.

Features of the ANZ Rewards Black credit card

  • Annual fee. 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. This annual fee is waived for the first year.
  • Competitive purchase rate. Compared to similar cards in the market, ANZ offers a competitive interest rate of 18.79% p.a. on purchases with this card. Cash advances collect a higher interest rate at 20.99% p.a.
  • 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.
  • Visa Entertainment. As a Visa product, this card comes with Visa Entertainment which offers access to special events, exclusive merchandise packages and home entertainment products.
  • Visa security. You can shop with extra security and confidence courtesy of ANZ Falcon, ANZ’s Fraud Money Back Guarantee and worldwide emergency card replacement.

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

The ANZ Rewards Black credit card offers a number of premium and exclusive benefits to help cardholders get more value from paying on plastic. However, as this isn’t the only Black credit card on the market, you would benefit from comparing your options before applying.

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

  1. Default Gravatar
    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

    • Staff
      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

  2. Default Gravatar
    Mark | December 17, 2016

    Are QANTAS and Emirates part of the program?

  3. 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

  4. 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

  5. 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

  6. 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

  7. 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

  8. 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

  9. 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

  10. 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

Credit Cards Comparison

Rates last updated April 28th, 2017
Purchase rate (p.a.) Balance transfer rate (p.a.) Annual fee
Virgin Australia Velocity Flyer Card - Balance Transfer Offer
Earn 2 Velocity Points on top of the standard earn rate per $1 spent within the first three months. Plus, save with a long-term balance transfer offer and a reduced annual fee in the first year.
20.74% p.a. 0% p.a. for 18 months with 1.5% balance transfer fee $64 p.a. annual fee for the first year ($129 p.a. thereafter) 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
ANZ Platinum Credit Card - Exclusive Offer
Receive a low introductory offer of 0% p.a. on purchases for 3 months and 0% p.a. on balance transfers for 12 months. Also, enjoy an annual fee waiver in the first year.
0% p.a. for 3 months (reverts to 19.74% p.a.) 0% p.a. for 12 months $0 p.a. annual fee for the first year ($87 p.a. thereafter) Go to site More info
NAB Premium Card
An introductory rate of 0% p.a. for 24 months on balance transfers combined with premium benefits such as travel insurance covers.
19.74% p.a. 0% p.a. for 24 months with 3% balance transfer fee $90 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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