ANZ Frequent Flyer Visa Card – Rates & Fees Review

Information verified correct on April 24th, 2017
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Maximise your frequent flyer points by spending with ANZ Bonus Partner rewards when you have an ANZ Frequent Flyer Visa Card.

The ANZ Frequent Flyer Visa currently offers a 25,000 bonus Qantas Points when you spend at least $2,500 on eligible purchases within the first 3 months of card approval. It also earns you 0.5 Qantas Points per $1 spent on eligible purchases up to $500 per statement period and 0.25 Qantas Points per $1 spent above $500 in a statement period.

Product NameANZ Frequent Flyer
Rewards ProgramQantas Frequent Flyer
Purchase rate (p.a.)19.99% p.a.
Annual fee$0 p.a. annual fee for the first year ($95 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 44 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.
$1,000
Max credit limit
This credit limit may not be issued to you immediately on application. This is the maximum credit limit for this card which must be applied for or offered to you after you are approved and have already opened the account.
$15,000
Minimum Monthly Repayment2% of the closing balance or $25, whichever is greater
Minimum Income$15,000
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 InsuranceNo
Available To Temporary ResidentsNo
Joint ApplicationNo
Minimum Income$15,000
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.
$1,000
Max Credit Limit
This credit limit may not be issued to you immediately on application. This is the maximum credit limit for this card which must be applied for or offered to you after you are approved and have already opened the account.
$15,000
Annual Fee$0 p.a. annual fee for the first year ($95 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 a minimum of $0
Overseas Cash Advance FeeThe greater of 2% of cash advance amount or a minimum of $4
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 Cardholders3
BPAYYes
ChequeYes
Direct DebitYes
Australia PostNo
Phone BankingYes
Internet Banking TransfersYes
In BranchYes
MailYes

Pros

  • Get 25,000 bonus Qantas Points when you apply online, are approved and spend $2,500 on eligible purchases within 3 months of card approval.
  • Enjoy annual fee waiver for the first year.
  • Compatible with Apple Pay and Android Pay.

Cons

  • There are only up to 44 days interest-free when you have paid your balance off in full and make a purchase on your card.
  • The rate of $1 : 0.25 Qantas Points is lower than some of the other rewards cards in the market that have comparable annual fees.
Rewards ProgramQantas Frequent Flyer
Bonus Points on Sign-up25,000
Rewards Points per $ (VISA/MC)0.25
Rewards Points per $ (VISA/MC) Cap125
Points ExpiryNever

How many Qantas Frequent Flyer Points can you earn?

Here’s a summary of the Qantas Points you can earn with the ANZ Frequent Flyer Visa:

  • Introductory 25,000 bonus points. Apply and get approved for this card and you can earn 25,000 bonus Qantas Points when you spend $2,500 in the first 3 months.
  • 0.5 points per $1 spent. Earn 0.5 Qantas Points per $1 on eligible spending up to $500 per statement period. That means you can earn up to 250 Qantas Points for the first $500 you spend each month.
  • 0.25 points per $1 spent. Earn 0.25 points per $1 on eligible spending over $500 per statement period. For example, if you spent $1,000 in a statement period, you would earn 250 Qantas Points for the first $500 and 125 points for the remaining $500, giving you a total of a total of 375 points.
  • Bonus points. The ANZ Frequent Flyer Visa also allows you to earn 1 additional bonus Qantas Point per $1 when you shop with ANZ’s selection of Bonus Partners, including Qantas, Hertz and Ace Insurance.

With this card, Qantas Points and Bonus Qantas Points accrue in accordance with and subject to the ANZ Frequent Flyer Reward Terms and Conditions booklet, which is available online or by calling ANZ on 13 13 14. The earn rates and earn rate bands are subject to change, so existing customers may be subject to different earn rate(s) on their account.

To earn Qantas Points with the ANZ Frequent Flyer Visa, you must be a member of the Qantas Frequent Flyer program and provide your details to ANZ. A joining fee may apply and membership of the Qantas Frequent Flyer program is subject to the Terms and Conditions of the Qantas Frequent Flyer program.

Features of the ANZ Frequent Flyer Visa Card

  • Annual fee. This card has a standard annual fee of $95 (waived in year one). The standard annual fee includes a $40 annual account fee and a $55 Rewards Program services fee.
  • Interest rates. The ANZ Frequent Flyer has standard variable rates of 19.99% p.a. on purchases and 21.49% p.a. on cash advances.
  • Interest-free days. Get up to 44 days interest-free on purchases when you pay your balance in full by the due date on each statement.
  • Reward point exclusions. Purchases which are not eligible to earn Points are described in the ANZ Frequent Flyer Reward Terms and Conditions booklet and include fees, cash, cash equivalent transactions, balance transfers, premiums paid for ANZ Credit Card Insurance and transactions for gambling or gaming purposes.
  • Visa features. This card offers Visa acceptance at over 24 million locations worldwide. It also includes contactless functionality and access to exclusive offers through Visa Entertainment.
  • Security features. The 24/7 ANZ Falcon service provides advanced around-the-clock monitoring for suspicious transactions.

How to apply for the ANZ Frequent Flyer Visa Card

If you think the ANZ Frequent Flyer Visa card is for you, click “Go to site” button to be safely redirected to start your application. Please allow up to 10-15 minutes to complete this form. You can speed up this process by making sure you meet the eligibility criteria and have all the required documents and details outlined below.

Eligibility criteria

  • You must over 18 years of age.
  • You must have a good credit rating.
  • You must be a permanent Australian resident, earning a minimum annual income of $15,000. If you are a non-permanent Australian resident you must earn a minimum of $50,000.

Required documents

  • Australian Driver's licence
  • Employer's address
  • Accountant's name and contact number (if self-employed)
  • Details of your income, assets and liabilities
  • ANZ account number located on your statement (if you're already an ANZ customer)

The ANZ Frequent Flyer Visa offers you a way to earn Qantas Points on your eligible credit card spending. If you apply for this card now, you can also enjoy 25,000 bonus Qantas Points when you spend $2,500 in the first 3 months of card approval and pay no annual fee in the first year. So compare this card to other options to decide if it will suit your needs.

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5 Responses to ANZ Frequent Flyer Visa Card – Rates & Fees Review

  1. Default Gravatar
    socaquott | September 10, 2015

    I think this is interesting and do not see posted often. This is great information.

  2. Default Gravatar
    Esmond | August 3, 2011

    Hi, I was with ANZ and the Qantas Frequent flyer program and my wife has a current Qantas Frequent flyer membership which has points accrued. If I wish to apply for an ANZ/Qantas Visa Card could we use her membership number and have all points against her card. Regards,Esmond

    • Staff
      Jeremy | February 28, 2012

      Hi Esmond,

      Thanks for the question. If you wish to have a credit card in your own name the frequent flyer membership must also be in your own name too. You have a couple of options available to your though; firstly you could put the credit card in your wife’s name and have yourself as an additional card holder. Second, sign up for a credit card and frequent flyer membership each and under a family transfer between 5,000 and 100,000 points between yourselves; although this can only be done once a year and there is a fee applicable. Hope this helps.

      Cheers,
      Jeremy

  3. Default Gravatar
    Mary | June 8, 2011

    would the bonus points still be available if I applied for a card today?

    • Staff
      Jeremy | June 8, 2011

      Hi Mary

      Thanks for your comment

      Currently there is no bonus points offer on this card.

      Kind regards,

      Jeremy Cabral

Credit Cards Comparison

Rates last updated April 24th, 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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