Where could the ANZ Frequent Flyer Black take you?
With 120,000 bonus Qantas Points, you could fly from Sydney to LA in business class. But how does it stack up against other cards on the market?
The ANZ Frequent Flyer Black credit card is designed to suit big spenders and frequent flyers who want to get a reward for every eligible dollar they spend. It boasts 120,000 bonus Qantas Points, a competitive earn rate and travel-centric extras such as airline lounge passes and Status Credits. Plus, with a cashback offer, you can save a little on these luxuries.
From bonus points and earn rates to extra features and how it compares to similar offers on the market, we’ve broken down the details of the ANZ Frequent Flyer Black credit card to help you determine if this is the right rewards card for you.
finder.com.au’s 5 fave features
- 120,000 bonus Qantas Points
- 75 Status Credits
- $150 back to your account
- Qantas Club lounge passes
- Complimentary travel insurance
Please note that the rates, fees and features mentioned here were correct at the time of publication.
How many points can I earn?
Bonus points
The bonus points offer is an undeniable drawcard of the ANZ Frequent Flyer Black credit card. With 120,000 bonus points, it’s one of the most competitive bonus points offers on the market. You need to be a new ANZ Frequent Flyer customer and spend $7,500 on eligible purchases in the first 3 months to snag the bonus points, so make sure this fits in with your budget.
As well as the standard earn rate, that means you’d collect a combined points bounty of 127,500 points. That roughly equates to 17 Qantas Points per $1 spent, which is leaps and bounds ahead of what you’d usually earn for the same spend.
That’s enough points for a business class flight from Sydney to LA (96,000 points), a return trip to Singapore in business class (120,000 points) and almost enough to fly to London or New York in business class (both 128,000 points). These are just a few ideas, but you can browse your Reward Flight options on the Qantas website.
Earn rates
You’ll also earn 1 Qantas Point per $1 spent on eligible purchases up to $7,500 per statement period, then 0.5 Qantas Points per $1 spent thereafter until the next statement period begins. This is one of the highest earn rates you can expect from eligible everyday purchases compared to other Qantas Frequent Flyer credit cards on the market. However, if you typically spend more than $7,500 in an average statement period, you might benefit more from a card with a higher spend threshold.
Status Credits
You could reach a higher Qantas Frequent Flyer membership tier faster with the ANZ Frequent Flyer Black's 75 Status Credits offer. The Status Credits are available to new cardholders who apply by 31 March 2019 and book and travel on two new Qantas flights (which could be one return flight) by 30 June 2019.
You can use Status Credits to climb the Qantas Frequent Flyer tiers to enjoy higher earn rates, priority boarding and airport lounge access. Earning 75 bonus Status Credits gets you 25% of the way to Silver status!
Are there any extra features?
As you’d expect from a premium frequent flyer credit card, the ANZ Frequent Flyer Black credit card is also packed with extra features to help you save on costs and make your travel experience smoother. Some of the perks you can expect include the following:
$150 cashback
You'll get $150 back to your new ANZ Frequent Flyer Black card when you spend $7,500 on eligible purchases within the first 3 months. This is the same spend requirement to get your 120,000 bonus Qantas Points, so it’s an easy way to get two rewards at once.
Qantas Club benefits
If you’re travelling with Qantas or Jetstar, you can take advantage of two complimentary Qantas Club Lounge invitations every year. Plus, if you use your ANZ Frequent Flyer Black card to pay for your Qantas Club membership, you can save up to $475 in the first year.
Complimentary insurance covers
When you use your card to make travel bookings, you can get transport accident cover, interstate flight inconvenience insurance, overseas travel and medical insurance, and rental excess cover. You can also take advantage of 90-day purchase security insurance, extended warranty coverage and a best price guarantee scheme.
While most frequent flyer credit cards come with complimentary insurance, the access to Qantas Club is a definite plus if you’re a frequent traveller.
How much does this card cost?
This card charges a hefty annual fee of $425 p.a. This includes $370 towards the annual account fee and $55 towards the rewards program services fee. However, the $150 cashback offer helps offset this fee.
The card also charges a 19.99% p.a. purchase rate, so it isn’t ideal if you often carry a balance from month to month. If you do, the interest you’ll collect on your debt could easily outweigh the value of your points. Although most frequent flyer credit cards come with high purchase rates, you’re probably better off opting for a low rate credit card if you struggle to repay your balance each statement period.
How does it compare to other cards?
Although the ANZ Frequent Flyer Black boasts many competitive features, it’s wise to compare it to other offers on the market before you make your decision. You can use finder.com.au’s frequent flyer credit cards comparison tables to compare your options, but here we’ll use the American Express Westpac Altitude Black bundle as an example.
 ANZ Frequent Flyer Black |  American Express Westpac Altitude Black Bundle - Qantas | |
| More info | More info | |
| Purchase Rate (p.a.) | 20.24% p.a. | 20.24% p.a. (AMEX) 20.49% p.a. (Visa/MC) |
| Offer end date | 31 March 2020 | |
| Cash advance rate (p.a.) | 20.24% p.a. | 21.49% p.a. |
| Interest Free Days on Purchases | 55 days | 45 days |
| Fees & Charges | ||
| Annual Fee | $425 p.a. | $499 p.a. |
| Minimum Repayment | 2% of the closing balance or $25, whichever is greater | |
| Late Payment Fee | $20 | $30 Amex & $15 Westpac |
| Over Limit Fee | $20 | |
| Overseas ATM Withdrawal | $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 (MC) 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. | 3% of transaction value | |
| Gambling Transactions Allowed | Yes | |
| Gambling Transactions Interest Rate | Cash Advance Rate | |
| Additional Cardholder Fee | $65 | $0 |
| Number of Additional Cardholders | 9 | |
| Application Requirements | ||
| Minimum Income | $75,000 | |
| Minimum Age | 18 years of age | 18 years of age |
| Available to Temporary Residents | Yes - Conditions apply | No |
| Credit Rating Requirement | Good | 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 | $18,000 |
| More info | More info |
This card bundle offers up to 120,000 bonus Qantas Points when you apply by 27 November 2018. However, it has a lower spend requirement. You’ll earn 80,000 bonus Qantas Points when you spend $3,000 on eligible purchases with the Mastercard in the first 90 days from account opening. You will get another 40,000 Qantas Points when you use the Amex card to make $3,000 worth of eligible purchases in the first 90 days.
The Amex card offers 2 Qantas Points per $1 spent on eligible purchase made in a foreign currency, 1.25 Qantas Points per $1 spent on eligible spending in Australia and 0.5 points per $1 spent on eligible spending with government bodies in Australia. You will also earn 0.75 Qantas Points per $1 spent on eligible purchases with the Mastercard. Both of the cards in the bundle have uncapped points potential. This bundle offers more competitive earn rates with the Amex card, but you should also consider where you regularly spend and if they take Amex or charge surcharges to accept Amex.
When you apply by 27 November 2018, you’ll only pay the $250 annual fee for the Mastercard and the $50 Qantas Rewards fee ($300 combined) in the first year, saving you the $199 American Express annual fee. This means you'll pay a total of $499 per year for this two-card option after the first year, which is higher than the ANZ Frequent Flyer Black card.
You can also travel in style with two complimentary entries per year to the American Express Lounge at Sydney or Melbourne International Airports with the Amex card. The Mastercard comes with two complimentary Qantas Lounge invitations per year after your first Altitude Black card spend on selected Qantas products and services. The cards also come with complimentary international travel insurance and a concierge service.
Although these two frequent flyer cards have a similar bonus points offer, it’s important that you compare the details of the cards including the fees, earn rates and extra features to determine which card is right for you.
Please note that terms and conditions apply. For a more comprehensive overview of the card’s rates and fees, check out our review of the ANZ Frequent Flyer Black credit card.
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