ANZ Frequent Flyer Black – Rates and Fees

Information verified correct on February 22nd, 2017
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Pay no annual fee in the first year and receive 75,000 bonus Qantas Points on sign up when you meet the minimum spend requirements.

The ANZ Frequent Flyer Black comes linked to the Qantas Frequent Flyer Program, giving cardholders the ability to earn Qantas points as they spend. Plus, new cardholders can bolster their Qantas Points balance with 75,000 bonus points after spending at least $2,500 within three months of card approval.

Cardholders can also take advantage of a number of travel benefits, including complimentary insurance cover and round-the-clock concierge services.

Product NameANZ Frequent Flyer Black
Rewards ProgramQantas Frequent Flyer
Purchase rate (p.a.)19.99% p.a.
Annual fee$0 p.a. annual fee for the first year ($425 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.)21.49% 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
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
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.
1.5% 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$0 p.a. annual fee for the first year ($425 p.a. thereafter)
Late Payment Fee$20
Over Limit Fee$20
Cash Advance FeeThe greater of 2% of the cash advance amount or a minimum of $0
Overseas Cash Advance FeeThe greater of 2% of cash advance amount or a minimum of $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
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.
1.5% 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

  • Receive 75,000 bonus Qantas Points when you spend $2,500 on eligible purchases within the first 3 months of card approval.
  • Pay no annual fee for the first year.
  • This card comes with uncapped Qantas Points earning potential – 1.5 Qantas Points per $1 spent on eligible purchases on your ANZ Frequent Flyer Black American Express card and 0.75 Qantas Points per $1 spent on eligible purchases on your ANZ Frequent Flyer Black Visa card.
  • Benefit from two complimentary Qantas Club Lounge invitations every year.
  • Enjoy up to 55 interest-free days on purchases when you pay the account’s closing balance in full each month.

Cons

  • This card comes with a high revert annual fee of $425.
  • You need to earn a minimum income of $75,000 p.a. to be able to apply for this card.
  • Promotional rates on purchases and balance transfers are not available on this card.
Rewards ProgramQantas Frequent Flyer
Bonus Points on Sign-up75,000
Rewards Points per $ (VISA/MC)0.75
Rewards Points per $ (AMEX)1.5
Rewards Points per $ (VISA/MC) CapUncapped
Rewards Points per $ (AMEX) CapUncapped
Points ExpiryNever

ANZ Frequent Flyer Black Card review

The ANZ Frequent Flyer Black Credit Card is suited to regular globetrotters who are looking to earn rewards as they spend. This credit card is ANZ’s top tier frequent flyer offering, giving cardholders the ability to earn Qantas points faster. Frequent flyer perks also come in the form of complimentary Qantas Club lounge invitations, complimentary overseas airport lounge access, a Qantas Club membership special offer, and more.

Cardholders can make use of different complimentary travel and purchase insurance covers, and a 24/7 concierge service can assist them in more ways than one. The minimum credit limit of this card is $15,000, and ANZ requires that you earn at least $75,000 p.a. to qualify.

Benefits of using an ANZ Frequent Flyer Black Credit Card

In return for the annual fee that you have to pay for as long as you use this card, you can expect the following benefits:

  • Bonus points. If you're a new cardholder, you can earn 75,000 bonus points when you spend at least $2,500 on eligible purchases within three months of card approval.
  • No annual fee in the first year. This card features a $0 annual fee offer in the first year. A standard annual fee of $425, which includes a $370 annual account fee and a $55 Rewards Program services fee, will apply thereafter.
  • Earn Qantas points as you spend. If you opt for the ANZ Frequent Flyer Black American Express card you earn 1.5 Qantas points for every dollar spent. If you get the ANZ Frequent Flyer Visa Black Card, every dollar you spend earn 0.75 Qantas points. There is no cap on the maximum number of points you can earn, and your points don’t expire as long as the account remains in good standing.
  • Qantas Club benefits. You can look forward to two complimentary Qantas Club Lounge invitations every year you have this card. Plus, if you use your ANZ Frequent Flyer Black Card to pay for Qantas Club membership, you can save up to $475 in the first year.
  • Veloce airport lounge access. This card offers unlimited complimentary access to airport lounges around the world through the Veloce Lounges. Simply present your ANZ Frequent Flyer Black Card and a valid flight boarding pass in your name at the participating lounge to gain access. Guests travelling with you may also be provided access at the operator's discretion, although additional fees may apply.
  • Complimentary insurance covers. The best price guarantee scheme, 90-day purchase security insurance, and extended warranty will cover the purchases you make with the card. When you use your card to make travel bookings, you can make use of transport accident cover, interstate flight inconvenience insurance, overseas travel and medical insurance, and rental excess cover.
  • 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 Frequent Flyer Black

If you’re considering applying for the ANZ Frequent Flyer Black Card, take some time to find out just what it offers:

  • Annual fee. This card has an annual fee of $425 of which $370 is an annual account fee and $55 goes towards a rewards program services fee.
  • Visa or American Express. Choose between Visa and American Express variants. While the Visa card finds increased acceptance around the world, the American Express card gives you the ability to earn rewards at a higher rate.
  • Interest-free days. You can make use of up to 55 interest-free days on purchases, provided you pay the account’s closing balance in full each month.
  • Card security. This microchip enabled card provides more protection against fraud when compared to cards that rely on magnetic strips. ANZ Falcon is in place to monitor your account for suspicious transactions 24/7.
  • Contactless payments. No matter whether you use the Visa or American Express Black card, you can make contactless payments for purchases less than $100.

How to apply for the ANZ Frequent Flyer Black Card

You can apply for the ANZ Frequent Flyer card by visiting any ANZ branch, you can initiate the process over the phone, or you can submit an online application. But before you apply, make sure that you meet the following eligibility criteria:

Eligibility criteria

  • Age. You’re over 18 years of age.
  • Residential status. You’re an Australian citizen, a permanent Australian resident or a temporary resident holding a 457 working visa and have at least nine months remaining from the date of application.
  • Minimum income. Earn a taxable income of more than $75,000 p.a.
  • Credit history. You have good creditworthiness.

Required documents

Before you begin with the application make sure you have the following handy so you don’t end up submitting an incomplete application:

  • Your complete name, residential address, phone number, and email address
  • Your marital status and number of dependents
  • Your Australian driver’s license number, if you have one
  • Your employer’s name and contact details
  • Details about your income, assets, expenses, and liabilities

If you’re someone who travels from time to time, applying for the ANZ Frequent Flyer Black Card makes sense, given its range of travel benefits and complimentary insurance covers. As a result, consider your options well and compare a few cards before you make a decision.

Frequently asked questions

How quickly can I complete the application?

With all the information close at hand when you begin, you should be able to complete the application in around five minutes. You can expect a response within 60 seconds.

Can I get an additional card?

Yes, you can get up to 9 additional cards linked to your primary card, but you would have to pay an additional card fee for each, which includes $65 as additional card fees and $55 as rewards program services fees.

What can the concierge service help me with?

You can turn to this service for help in various matters like finding restaurants and making reservations, making travel arrangements, sending gifts, and arranging business meetings.

What is considered an eligible purchase?

Points are awarded for eligible purchases only. Eligible purchases do not include a number of transactions, like cash withdrawals from an ATM, paying some bills and paying credit card and government fees and charges. Refer to the terms and conditions for a full list of transactions that ineligible to earn Qantas Points.

I'm making an overseas transaction, what are the charges?

  • When using an ANZ Visa, ANZ MasterCard or ANZ PAYCARD, ANZ will charge 3% of the value of any foreign or Australian currency transaction charged to ANZ Visa, ANZ MasterCard or ANZ Visa PAYCARD credit card where the merchant or financial institution accepting the card is located outside of Australia. For an overseas ATM transaction the Overseas Transaction Fee is calculated on the value of the transaction and any ATM operator fee that you accept when you proceed with the transaction at the ATM.
  • For any ANZ American Express credit card, American Express will charge 1.5% of the value of any foreign or Australian currency transaction charged to your ANZ American Express credit card where the merchant or financial institution accepting the card is located outside of Australia.
    ANZ will also charge 1.5% of the value of any foreign or Australian currency transaction charged to your ANZ American Express credit card where the merchant or financial institution accepting the card is located outside of Australia. Important: Please note that the ANZ and American Express Overseas Transaction fees will be combined for each transaction and displayed as one fee on the statement. A charge that is made in a foreign currency other than US Dollars will, when the conversion is done by American Express, be converted into US Dollars before being converted into your billing currency.
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355 Responses to ANZ Frequent Flyer Black – Rates and Fees

  1. Default Gravatar
    Andrew | February 15, 2017

    I am currently a Platinum frequent flyer Visa Card Holder. Am I eligible for the 75,000 frequent flyer points if I apply for the ANZ frequent flyer Black VISA?

  2. Default Gravatar
    BELINDA | February 4, 2017

    Hi – I had an ANZ Credit Card which I cancelled about two years ago. If I apply do I still get the bonus points?

    • Staff
      May | February 5, 2017

      Hi Belinda,

      Thanks for your question.

      Just to confirm, is your ANZ credit card the same as any of these cards: ANZ Frequent Flyer Black, ANZ Frequent Flyer, ANZ Frequent Flyer Gold or ANZ Frequent Flyer Platinum? If so, you can still apply, but I’m afraid that the bonus points will no longer be given to you as the condition in the fine prints states that the offer is offered only once per eligible customer.

      Cheers,
      May

  3. Default Gravatar
    Heidi | February 2, 2017

    Hi, if I apply for the ANZ Frequent Flyer Black Credit Card and qualify for the 75,000 bonus Qantas points – do these transfer to my Qantas FF account or do they sit attached to the Credit Card…if I cancel the card within a year will I still have the points or can I only use the points whilst the card is active? Thanks

    • Staff
      Anndy | February 3, 2017

      Hi Heidi,

      Thanks for your question.

      The bonus Qantas Points will be credited to your frequent flyer account within three months after the eligible spend criteria are met. If you transfer or cancel your new ANZ Frequent Flyer Black credit card account before the introductory bonus Qantas Points are processed to your account, you may become ineligible for these bonus Qantas Points.

      Once the points are credited to your frequent flyer account, you are free to use it, even if you already cancel the card.

      Cheers,
      Anndy

  4. Default Gravatar
    | January 30, 2017

    In regards to the annual fee it states that no annual fee for the first fee are there any fees if you cancel the card before the first year is up?

    • Staff
      Anndy | January 30, 2017

      Hi Bec,

      Thanks for your question.

      For ANZ Frequent Flyer Black, there are no cancellation fees in case you close your card before the end of the first year. But cancellation must be done in the proper way to avoid charges. You can refer to our guide here for more information how to cancel a card.

      Cheers,
      Anndy

  5. Default Gravatar
    Mel | January 27, 2017

    Can I still eligible to get ANZ bonus points of 75,000 Qantas points as I am currently own American Express issued and has linked with Qantas points?

    • Staff
      May | January 27, 2017

      Hi Mel,

      Thanks for your question.

      Yes, will be eligible to apply for the ANZ Frequent Flyer Black if that current AMEX card you hold (which is linked to Qantas) is not issued by ANZ or not an ANZ FF type of card (ANZ Frequent Flyer, ANZ Frequent Flyer Gold, ANZ Frequent Flyer Platinum or ANZ Frequent Flyer Black). You can also receive the 75,000 bonus Qantas points if you have met the spending criteria of at least $2,500 within three months of card approval.

      If you wish to apply for the card now, please review the eligibility criteria and click on the green ‘Go to site’ button above.

      Cheers,
      May

  6. Default Gravatar
    Kewp | January 20, 2017

    How does the travel health insurance work?

    Is it maximum of 6 months per annum, or maximum of 6 months in one trip? E.g. If I go overseas for 4 months, come back Australia for a month then go overseas again for 3 months, would both periods be covered, or is the second period only partially covered?

    • Staff
      May | January 26, 2017

      Hi Kewp,

      Thank you for your inquiry.

      Just to confirm, are you asking about how the pre-existing medical insurance works with the complimentary travel insurance attached to the ANZ Frequent Flyer Black credit card? If so, there are actually existing medical conditions that are considered and covered under the complimentary travel insurance policy. If you want to find out what are those, please refer to page 22 of the PDS I sent to your email.

      As for the pre-existing medical conditions that are not covered, you must apply to QBE Insurance Australia to provide you with a cover for an existing medical condition(s) by contacting them directly.

      Furthermore, the cover under this complimentary travel insurance benefit applies for your 6-month journey and begins when you commence your trip and ends when you return to your home in Australia or when the period of insurance ends, whichever happens first. By the time that you travel again, you’d be covered for another 6 months but you’ll need to meet the eligibility criteria of the travel insurance again as that is considered as a new trip/journey overseas. The eligibility criteria are also outlined on page 16 of the PDS.

      Cheers,
      May

  7. Default Gravatar
    Michael | January 10, 2017

    Am I eligible for the 75000 points if I am an additional card holder and my partner is the primary card holder?
    Can I apply for the new card for myself and still get the points?

    Thanks

    • Staff
      May | January 11, 2017

      Hi Michael,

      Thank you for your inquiry.

      The 75000 bonus Qantas points can only be received by the primary cardholder who applied and approved for an ANZ Frequent Flyer Black credit card account and have met the spend criteria of $2,500 on eligible purchases in the first 3 months from account approval. If you are already a supplementary cardholder of this account, I’m afraid you may no longer be eligible to apply for this card and get the bonus points.

      Regards,
      May

  8. Default Gravatar
    Chantelle | January 10, 2017

    Is this deal available to second time customers?

    • Staff
      Anndy | January 10, 2017

      Hi Chantelle,

      Thanks for your question.

      The offer for the ANZ Frequent Flyer Black is only available to new and approved applicants. You are ineligible to receive this offer in conjunction with other ANZ offers, packages or promotions, or when you are transferring from an existing ANZ credit card or when you currently hold or have closed an ANZ Frequent Flyer, Frequent Flyer Gold, Frequent Flyer Platinum or Frequent Flyer Black credit card within the last twelve months. Also, it only applies once per eligible customer.

      Cheers,
      Anndy

  9. Default Gravatar
    Josh | January 4, 2017

    I am already a qantas frequent flyer member.
    Are the 75000 points only for new frequent flyer members or will they just be transferred to my existing qantas account .
    Thanks

    • Staff
      May | January 4, 2017

      Hi Josh,

      Thanks for your question.

      The 75,000 bonus points are for new and approved applicants who apply for an ANZ Frequent Flyer Black credit card account. So even if you are already a member of the Qantas frequent flyer program, you can still receive the bonus points provided you meet the eligible spending criteria of at least $2,500 within three months of card approval. The bonus Qantas Points will be credited to your ANZ account within three months of the eligible spend criteria being met.

      Cheers,
      May

  10. Default Gravatar
    Daniel | December 22, 2016

    ANZ Qantas frequent Flyer Black card seems like a good deal. You get 75000 frequent flyer points after spending 2500 within 3 months and no annual fee in the first year. If I decide to cancel the card after obtaining the bonus points and 6 months later, is there a penalty or is the annual fee chargeable?

    • Staff
      Anndy | December 22, 2016

      Hi Daniel,

      Thanks for your question.

      The annual fee is generally charged on the first billing date of your account anniversary.

      For the ANZ Frequent Flyer Black, you won’t incur annual fee if you cancel your card on the first year. There are no penalties for account cancellation as long as you follow the right procedure as discussed on our credit card cancellation guide.

      Please note that if you cancel your card after paying the annual fee on the second year, you may not be able to get a refund for it.

      Cheers,
      Anndy

Credit Cards Comparison

Rates last updated February 22nd, 2017
Purchase rate (p.a.) Balance transfer rate (p.a.) Annual fee
Virgin Australia Velocity Flyer Card - Balance Transfer Offer
Earn 2 Velocity Points per $1 spent and save with a reduced annual fee and a 0% p.a. balance transfer offer for 18 months.
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
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
NAB Low Rate Credit Card
The NAB Low Rate Card offers 0% p.a. on balance transfers for the first 18 months combined with a low annual fee.
13.99% p.a. 0% p.a. for 18 months with a one off 3% balance transfer fee $59 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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