ANZ Business Black Card Review – Rates and Fees

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Earn ANZ Reward Points, get a $0 first year annual fee, enjoy premium travel perks and manage your business’ finances with the ANZ Business Black credit card.

Give your business greater financial flexibility and uncapped rewards potential with the ANZ Business Black credit card. You can kickstart your business’ rewards balance with every reward point you get from all eligible purchases. With complimentary overseas insurance, ANZ’s Global Business Concierge and up to 55 interest-free days on purchases, your business could enjoy a balance of financial freedom and benefits.

Product NameANZ Business Black
Rewards ProgramANZ Rewards Program
Purchase rate (p.a.)20.24% p.a.
Offer end date31 December 2017
Annual fee$0 p.a. annual fee for the first year ($300 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.)21.74% 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.
$10,000
Card TypeVisa
Late Payment Fee$35
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
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.
$10,000
Annual Fee$0 p.a. annual fee for the first year ($300 p.a. thereafter)
Late Payment Fee$35
Over Limit Fee5% of the overlimit amount, to a max of $50/monthly statement
Cash Advance FeeGreater of $1.50 or 1.50% of the cash advance amount
Overseas Cash Advance FeeGreater of $1.50 or 1.50% of the cash advance amount
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
BPAYYes
ChequeYes
Direct DebitYes
Australia PostNo
Phone BankingYes
Internet Banking TransfersYes
In BranchYes
MailYes

Pros

  • First year annual fee is waived if you apply before 31 December 2017
  • Enjoy up to 55 interest-free credit on purchases.
  • Earn up to 1.5 ANZ Reward Points per $1 spent on eligible purchases.
  • Request for an additional cardholder at no extra cost.
  • Access to the ANZ 24/7 Global Business Concierge service.

Cons

  • A high revert annual fee of $300 applies after the first year of using the card.
  • This card does not offer any introductory rates on purchases and balance transfers.
Rewards ProgramANZ Rewards Program
Rewards Points per $ (VISA/MC)1.5
Rewards Points per $ (VISA/MC) CapUncapped
Points Expiry36 months

ANZ Business Black credit card review

The ANZ Business Black credit card could be a useful way to manage your business expenses. To keep the finances in check, you can set a monthly spend cap for each cardholder to fit with your budget. You’ll be charged 20.24% p.a. on purchases, but you can take advantage of up to 55 interest-free days if you pay your balance in full. You can rack up to 1.5 ANZ Reward Points for every $1 you spend in Australia and 0.5 point for taxation payments. The card has an annual fee of $300, so you’ll want to make sure that the benefits you receive outweigh the cost.

Perks of the ANZ Business Black credit card

  • Rewards. Cardholders can earn 1.5 ANZ points for every $1 spent on eligible purchases domestically up to $10,000 per statement period, and 1 Reward Point for every $1 spent thereafter (excluding taxation payments). You will earn 0.5 ANZ Reward Points for every $1 on taxation payments. You can redeem these rewards for flights with Qantas and Velocity, gift cards, cashback and more.
  • Annual fee waiver. Get a $0 first year annual card fee and rewards program fee if you apply before 31 December 2017.
  • Complimentary overseas insurance. As long as you meet the eligibility requirements, you’ll receive complimentary overseas travel and medical insurance issued by QBE Insurance.
  • Cardholder transit insurance. If you’re in an accident during a journey purchased with the card, you, your spouse and any dependent children will be covered with up to $250,000 under the Cardholder Transit Accident Insurance policy.
  • ANZ Global Business Concierge service. Enjoy wholesale rates on travel, 24/7 booking support for business travel, entertainment and trade shows courtesy of the business concierge.
  • 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 ANZ Business Black credit card

Compare the following fees and features associated with the card:

  • Annual fee. The card has a standard annual fee of $300.
  • Additional cardholder annual fee. You can get an additional card at no cost.
  • Minimum credit limit. There is a minimum credit limit of $10,000.
  • Purchase interest rate. Your purchases will collect 20.24% p.a.
  • Interest rate on cash advances. Cash advances, such as ATM withdrawals, will accrue 21.74% p.a.
  • Interest-free days. You can take advantage of up to 55 interest-free days if you repay your balance in full by the end of the statement period.
  • Additional cardholders. Give your staff more financial freedom with additional cards and manage their spending with monthly spend caps. You’ll receive one simple monthly statement that summarises the fees, charges and payments made under the one account.
  • Security. Your card will be protected by ANZ Falcon, which will monitor your card for suspicious transactions when you shop online, over the phone and overseas. Any fraudulent purchases will be covered by Unauthorised Transaction Insurance for up to $37,500 per cardholder and $200,000 p.a. for the card.
  • Data feeds. You have the option to simplify your accounting processes with direct daily data feeds to accounting software providers including Xero, MYOB, Sage and more.

How to apply for the ANZ Business Black Card

If you've compared your options and decided the ANZ Business Black Card is right for you, you can click on the green 'Go to Site' button. This will take you to a secure online application. Before you apply, make sure you have the following details handy:

Required information

  • Personal information. Including your name, title and preferred contact details.
  • Business details. You'll be asked to provide your full business name, the relevant contact and address details and the total limits for all loans for the business.

The ANZ Business Black card could be a great way to manage your business costs, earn rewards and benefit from additional features. As this isn’t the only business card on the market, you’ll benefit from comparing your options before applying.

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16 Responses

  1. Default Gravatar
    BrendanOctober 12, 2017

    According to ANZ this card cannot be set up as a bank feed to Xero. I had a replacement card sent to me and it no longer allows bank feeds from ANZ to Xero…
    Can you please confirm this?

    • Staff
      HaroldOctober 12, 2017Staff

      Hi Brendan,

      Thank you for your inquiry.

      You have the option to simplify your accounting processes with direct daily data feeds to accounting software providers including Xero, MYOB, Sage and more. While we do not represent any company that we feature on our pages, we can offer you a general information. If you are having an issue regarding this feature, you can call ANZ directly to assist you on this matter.

      I hope this information has helped.

      Cheers,
      Harold

  2. Default Gravatar
    DesNovember 1, 2016

    re the ANZ business black credit card is there a limit to the number of points you can earn per statement period and per year? The info on your site was not consistent with what I was told by ANZ on the phone.

    • Staff
      AnndyNovember 1, 2016Staff

      Hi Des,

      Thanks for your question.

      I’ve checked the terms and conditions of ANZ Business Black Card’s rewards program and I can’t find any reference to points cap. However, it was mentioned that if you are the primary cardholder, you can set a monthly spend cap for each additional cardholder to match your budget.

      Cheers,
      Anndy

  3. Default Gravatar
    RayOctober 18, 2016

    Does the ANZ Business Black card earn points for payment to ATO and can these points be used for Singapore Airlines program?

    • Staff
      JasonOctober 31, 2016Staff

      Hi Ray.

      Thank you for your inquiry.

      The ANZ Business Black card can earn 0.5 reward points per dollar spent on taxation payments including overseas taxation payments and you can also transfer your ANZ Reward points to Singapore Airlines KrisFlyer Miles.
      Please check out this link for the transfer points rates and the other frequent flyer programs where you can transfer your ANZ Reward points to.

      Cheers,
      Jason

  4. Default Gravatar
    AndrewAugust 16, 2016

    What are considered eligible purchases?

    • Staff
      MayAugust 16, 2016Staff

      Hi Andrew,

      Thanks for your inquiry.

      As listed in the fine prints on ANZ website:

      1. Eligible purchases exclude interest, government charges, fees, balance transfers and cash and cash equivalent transactions.

      2. Eligible overseas purchases include eligible purchases in a currency other than Australian dollars or where the merchant or financial institution is located outside of Australia, but do not include taxation payments made overseas. Taxation payments include all payments to the Australian Taxation Office and other taxation bodies.

      Cheers,
      May

  5. Default Gravatar
    DarronJune 15, 2016

    I thought that I read yesterday that the initial annual fee was waived on the Business Black credit card. Is this the case for new applications?

    • Staff
      AnndyJune 15, 2016Staff

      Hi Darron,

      Thanks for your comment.

      Unfortunately, the annual fee is not waived on the ANZ Business Black Card. So if you have this card, you’ll have to pay the annual fee of $450.

      Cheers,
      Anndy

  6. Default Gravatar
    mickMay 20, 2016

    Good afternoon, I saw this below in ANZ terms & conditions which I assume means you can no longer earn points for tax payments? (23) Exceptions.

    (a) Points will not accrue in relation to interest charges, premiums paid for ANZ Credit Card Insurance, government charges, bank fees, payments made to the Australian Taxation Office, card account adjustments resulting from disputed transactions or otherwise, balance transfers, cash advance (as defined in the ANZ Credit Cards Conditions of Use).

    • Staff
      MayMay 23, 2016Staff

      Hi Mick,

      Thanks for your comment.

      It could be that the T&Cs you’ve found is applicable for the other ANZ credit cards. As for the ANZ Business Black Card, you are still eligible to earn 0.5 Reward Point per $1 spent on taxation payments (including overseas taxation payments). Please refer to the ANZ Business One Rewards T&Cs I’ve forwarded to your email for reference.

      Cheers,
      May

  7. Default Gravatar
    May 12, 2016

    When you earn 1 ANZ reward point for every dollar spent, does this convert to 1 Qantas frequent flyer point?

    • Staff
      MayMay 13, 2016Staff

      Hi Linda,

      Thanks for your question.

      Depending on the type of ANZ credit card, you can convert your reward points to Qantas FF points:

      1. ANZ Frequent Flyer Black
      AMEX = 1.5 Qantas Points per $1 spent on eligible purchases; VISA = 0.75 Qantas Points per $1 spent on eligible purchases

      2. ANZ Frequent Flyer Platinum - AMEX = 1.5 Qantas Points per $1 spent on eligible purchases; VISA = 0.5 Qantas Points per $1 spent on eligible purchases

      3. ANZ Frequent FlyerAMEX = 1 Qantas Points per $1 spent on eligible purchases; VISA = 0.5 Qantas Points per $1 spent on eligible purchases

      For further information on points conversion to Qantas, please refer to the link I have sent to your email.

      I hope this is helpful.

      Cheers,
      May

    • Default Gravatar
      MartinAugust 8, 2016

      Hi Guys I have an ANZ Black Frequent Flier Visa and Amex card. Can I accrue points using these cards for ATO payments?
      Cheers,
      Martin

    • Staff
      MayAugust 8, 2016Staff

      Hi Martin,

      Thanks for your inquiry.

      Unfortunately, the ANZ Black Frequent Flyer card does not earn points when you pay ATO bills, but the ANZ Business Black does.

      With ANZ Business Black, you can earn 0.5 ANZ Reward Points for every $1 you spend on taxation payments. Other credit cards that let you earn points for ATO payments are outlined here.

      Hope this has helped.

      Cheers,
      May

Credit Cards Comparison

Rates last updated December 11th, 2017
Name Product Purchase rate (p.a.) Balance transfer rate (p.a.) Annual fee Product Description
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12.74% p.a.
0% p.a. for 24 months
$0 p.a. annual fee for the first year ($99 p.a. thereafter)
Offers complimentary travel insurance, complimentary purchase insurance and access to a 24/7 personal concierge service.
Woolworths Everyday Platinum Credit Card
19.99% p.a.
0% p.a. for 14 months
$0 p.a. annual fee for the first year ($49 p.a. thereafter)
Receive a $50 eGift Card when you meet the offer criteria, a 0% p.a. for 14 month balance transfer offer and a $0 first year annual fee.
Virgin Australia Velocity Flyer Card - Bonus Points Offer
20.74% p.a.
0% p.a. for 18 months
$64 p.a. annual fee for the first year ($129 p.a. thereafter)
Earn up to 60,000 bonus Velocity Points in the first 3 months on eligible spend and enjoy a discounted annual fee of $64 for the first year.

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