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Our verdict

Offers up to 130,000 bonus Qantas Points and $250 back on your new card, with a $425 annual fee.

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The ANZ Frequent Flyer Black Credit Card has one of the highest bonus Qantas Points offers on the market right now. It offers 100,000 bonus Qantas Points and $250 back when you spend $5,000 on eligible purchases in the first 3 months from approval. And another 30,000 bonus Qantas Points when you keep it open for over 12 months. Just keep in mind that you'd need to pay the annual fee twice to get all the bonus points. But if you did, you'd have enough points for a one-way business class flight from Sydney to Los Angeles (108,400 Qantas Points) or a return business class flight from Melbourne to Fiji (114,000 points), as an example.

The value of the bonus points and cashback can help offset the $425 yearly cost of the annual fee and rewards fee when you first get the card. But after that, make sure you think about whether the points per $1 and other features – including lounge passes and complimentary insurance – will justify its costs.

Pros

Up to 130,000 bonus Qantas Points and $250 back
2 complimentary Qantas Club Lounge invitations per year
1 Qantas Point per $1 spent up to $7,500 per statement period, then 0.5 Qantas Points / $1 spent
Complimentary insurance covers, including international travel insurance, purchase protection insurance and extended warranty insurance

Cons

You need to keep the card over 12 months to collect all the bonus points offered
The standard annual fee of $425 p.a. is high.
When you spend over $7,500 per statement period, the earn rate drops from 1 point per $1 spent to 0.5 points per $1.

The ANZ Frequent Flyer Black Credit Card offers plenty of points and travel perks, including a big bonus Qantas Points offer for new customers, lounge invitations and complimentary travel insurance. It also earns a competitive 1 Qantas Point per $1 on eligible purchases up to $7,500 per statement period, then 0.5 points per $1 for the rest of that statement period. But with a relatively high $425 annual fee, you should make sure you get enough value beyond the bonus points if you plan to keep this card.

Details

Product details

Product Name	ANZ Frequent Flyer Black
Balance transfer rate p.a.	21.99%
Balance transfer limit	95% of available limit
Purchase rate p.a.	20.49%
Interest-free period	Up to 55 days on purchases
Cash advance rate p.a.	21.99%
Min credit limit	$15,000
Card type	Visa

Eligibility

Available to temporary residents	Yes - Conditions apply
Joint application	No

Rewards

Rewards program	Qantas Frequent Flyer
Bonus points	130,000
Rewards points per $ spent	1

Fees

Annual fee	$425
Minimum monthly repayment	2% of the closing balance or $25, whichever is greater
Late payment fee	$20
Foreign currency conversion fee	3%
Cash advance fee	3%
Overseas cash advance fee	3% of transaction amount or $4 (whichever is greater)
Overseas ATM withdrawal fee	$5
Additional cardholder fee	$65
Number of additional cardholders	9

How to apply

You can apply for the ANZ Frequent Flyer Black Credit Card in around 20 minutes and expect a response within 60 seconds. Before you apply, check if you meet the eligibility criteria and have the necessary details to complete the application.

Eligibility criteria

New cardholder. The introductory offers are only available to new ANZ Frequent Flyer customers who don't currently hold or have held an ANZ Frequent Flyer credit card in the last 12 months.
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, business or investment visa with at least 9 months remaining.

Age. You must be 18 years or older.
Credit rating. To apply for this black-tier product, you must have a good credit rating. You can get your credit score and comprehensive credit report for free through Finder.

Required documents

Personal details. Your complete name, residential address, phone number and email address as well as your marital status and number of dependents.
Proof of identification. Such as your Australian driver's licence or foreign tax number if you're a tax resident in another country.
Finances. This includes your income, expenses, assets and liabilities. You'll need to prove your income with two recent payslips.
Employment. Confirm your employment and provide your employer's contact details. If you're self-employed, you can include your accountant's details.
Qantas Frequent Flyer number. Include your Qantas Frequent Flyer membership number so your points can be debited to your account. If you are not yet a Qantas Frequent Flyer member, you can join for free during the application.

Card benefits

Up to 130,000 bonus Qantas Points. If you apply for a new ANZ Frequent Flyer Black Credit Card and spend $5,000 on eligible purchases in the first 3 months from approval, you'll earn 100,000 bonus Qantas Points. The remaining 30,000 points will be added to your account if you keep it open for over 12 months. The bonus points will be credited to your Qantas Frequent Flyer account within 3 months of meeting the spend requirement.
$250 back. With the current offer, you'll also get $250 back on your new ANZ Frequent Flyer Black Credit Card when you spend $5,000 on eligible purchases in the first 3 months from approval.

Qantas Points per $1 spent. This card earns 1 Qantas Point per $1 on eligible purchases up to $7,500 per statement period, then 0.5 Qantas Points per $1 spent on eligible purchases above $7,500 per statement period. You also get 1 additional point per $1 spent on selected Qantas products and services.
Qantas Club Lounge invitations and benefits. Get 2 complimentary Qantas Club Lounge invitations every year you have this card. Plus, if you use this card to pay for Qantas Club membership, you can save on the $99 joining fee and get a discount on the standard 1-year membership rate.
Complimentary insurance covers. The ANZ Frequent Flyer Black Credit Card gives you access to complimentary international travel insurance, domestic travel insurance, rental vehicle excess in Australia insurance, purchase protection insurance and extended warranty insurance. The eligibility criteria for cover includes making eligible payments with your credit card, with full details in the insurance policy document from ANZ.
Concierge service. This 24/7 personal concierge service can help you with anything from hotel bookings and travel recommendations to organising a gift for a loved one.
Mobile payments. You can add this credit card to Apple Pay, Google Pay, Samsung Pay, Fitbit Pay or Garmin Pay to make payments straight from your mobile phone or other device.
ANZ Exclusives. ANZ black cardholders get access to invitation-only lifestyle, dining and entertainment experiences. Past events have included dinners, weekends away, sporting events and wine tastings.
Visa features. Access exclusive travel, entertainment and leisure offers through Visa Offers + Perks.

Rates & fees

Annual fee. The $425 annual fee for this card is made up of a $370 annual account fee and a $55 rewards program services fee.
Interest rates. This card has a variable purchase rate of 20.49% p.a. and a variable cash advance rate of 21.99% p.a.

Interest-free days. You'll get up to 55 interest-free days on purchases when you pay the account's closing balance in full by the due date on each statement.
Overseas transaction fee. A fee of 3% of the total transaction amount applies to overseas purchases. This fee may also apply for online transactions made with an international retailer online (or processed overseas).
Additional cardholders. You can request up to 9 additional cards linked to your primary account. Each additional card charges a $65 annual fee.

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Brian Gordon

November 24, 2023

I am fully retired, we presently have an ANZ Rewards Platinum card. We are looking to update cards to an ANZ Frequent Flyer Black Credit Card. How hard is it to get a credit rating now we are retired ?

Amy Bradney-George Finder

December 07, 2023

Hi Brian,

You can check your credit score for free on Finder if you want to check it. Banks and lenders also consider your income (including sources of income), expenses and other factors to make sure they meet their responsible lending requirements. As you already have a credit card with ANZ, you may want to contact the bank directly to discuss a change in cards. I hope this helps.

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Hess

November 23, 2023

Hello, what are considered eligible purchases?

I have spent over $5k within the 3 months but I do not have the frequent flyer points yet.

Sarah Megginson Finder

November 24, 2023

Hi Hess,

Ineligible purchases usually include things like gambling, cash advances, interest, fees and ATO payments. If you have met the eligible spend requirement, bonus points will generally be credited to your ANZ Credit Card Account within 3 months of meeting the spend criteria.

Brianna

November 03, 2023

Wi Amy, what is the spend requirement for the bonus points?

Amy Bradney-George Finder

November 06, 2023

Hi Brianna,

It’s $5,000 on eligible purchases in the first 3 months from approval for the current offer, and the bonus points would be credited to your Qantas Frequent Flyer account within 3 months of meeting the spend requirement. I hope this helps.

Brianna

November 03, 2023

How many points do you get if you dont spend $5k in 3 months?

Amy Bradney-George Finder

November 06, 2023

Hi Brianna,

If you didn’t meet the bonus point spend requirement, you would just earn points for each $1 of eligible spending. So the number of points you earned would depend on the amount you spent. I hope this helps.

Craig

November 02, 2023

Under “eligibility criteria” it says you must have a good credit rating. I am not an Australian permanent resident and have been living in Australia for about 1.5 years, however I have zero credit history in Australia (I have checked with Equifax). Given no Australian credit history, is there any way I could be accepted for this card (or other cards offering similar benefits)?

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Amy Bradney-George Finder

November 03, 2023

Hi Craig,

You may want to contact ANZ directly by calling 13 22 73 to discuss your eligibility and application in this case.

As a bit of general background, lenders may approach applications from people with no Australian credit history differently. For example by focusing the other details that are provided as part of the application or requesting further details. But as a credit card application will add details to your Australian credit report, it is a good idea to check with the lender directly. I hope this helps.

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ANZ Frequent Flyer Black Credit Card

Pros

Cons

How to apply

Eligibility criteria

Required documents

Card benefits

Rates & fees

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