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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 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. Other exclusive benefits you can enjoy include complimentary insurances, airport lounge access and a 24/7 personal concierge. Unlike most black cards though, 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 |
| Minimum Monthly Repayment | 2% of the closing balance or $25, whichever is greater |
| Minimum Income | $75,000 |
| Card Type | Visa |
| 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 Insurance | Yes |
| Available To Temporary Residents | No |
| Joint Application | No |
| Minimum Income | $75,000 |
|---|---|
| Minimum Age | 18 years of age |
| Available to Temporary Residents | No |
| 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 Repayment | 2% of the closing balance or $25, whichever is greater |
| Late Payment Fee | $20 |
| Over Limit Fee | $20 |
| Cash Advance Fee | The greater of 2% of the cash advance amount or minimum $0 |
| Overseas Cash Advance Fee | The 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 Allowed | Yes |
| Gambling Transactions Interest Rate | Cash Advance Rate |
| Additional Cardholder Fee | $65 p.a. |
| Number of Additional Cardholders | 9 |
| BPAY | Yes |
| Cheque | Yes |
| Direct Debit | Yes |
| Australia Post | No |
| Phone Banking | Yes |
| Internet Banking Transfers | Yes |
| In Branch | Yes |
| Yes |
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 on Sign-up | 75,000 |
| Rewards Points per $ (VISA/MC) | 2 |
| Rewards Points per $ (VISA/MC) Cap | Uncapped |
| Points Expiry | 36 months |
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). Most black credit cards have an annual fee of between $300 and $450, so the card’s standard annual fee is relatively competitive.
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. However, you can avoid this points cap until 5 August 2017. Black credit cards typically earn between 0.5 points and 2 points per $1, so the ANZ Rewards Black credit card earn rate is relatively average and the points cap could limit your rewards potential.
Benefits of the ANZ Rewards Black credit card
- Sign up 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.
- 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 p.a. 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 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.
- 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.
- 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.
- Visa Entertainment. As a Visa cardholder, you’ll be invited to join Visa Entertainment. This gives you access to exclusive competitions, concert and festival pre-sales and discounts.
- Visa security. Your finances will receive an extra layer of security thanks to ANZ Falcon, ANZ’s Fraud Money Back Guarantee and worldwide emergency card replacement.
- Mobile payment technology. You can use Apple Pay, Android Pay and ANZ Mobile Pay to use your Apple or Android device to make contactless purchases at the terminal.
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.
- Cash advance rate. Cash advances, such as ATM withdrawals and balance transfers, are charged a higher interest rate of 20.99% p.a.
- 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.
- Late payment. You’re required to pay a minimum of 2% of the closing balance each month by the due date. If you fail to do this, you’ll collect a late payment fee of $20.
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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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
Hi, with the 75k ANZ points, what would this convert to if you transfer it to Virgin Velocity or Singapore KrisFlyer?
Ben
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
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?
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
Hello,
Is this credit card available to businesses?
Thank you.
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