Where could the ANZ Frequent Flyer Black take you?

Sally McMullen 14 November 2017 NEWS

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You could fly business class to Christchurch or economy to New York with the bonus points from your ANZ Frequent Flyer Black credit card, but could another card get you further?

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The ANZ Frequent Flyer Black credit card is designed to suit big spenders and frequent flyers who want to reward every dollar they spend. It boasts 75,000 bonus Qantas Points, a competitive earn rate and travel-centric extras such as airline lounge passes and Status Credits. Plus, with no annual fee for the first year, it’s one of the cheaper ways to earn points on plastic.

From bonus points and earn rates to extra features, 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.

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ANZ FF Black card

  1. 75,000 bonus Qantas Points
  2. 75 bonus Status Credits - EXPIRED
  3. $0 annual fee for the first year
  4. Qantas Club lounge passes
  5. Complimentary travel insurance

Please note that the rates, fees and features mentioned here were correct at the time of publication.

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How many points can I earn?

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Bonus points

The bonus points offer is an undeniable drawcard of the ANZ Frequent Flyer Black credit card. With 75,000 bonus points, it’s one of the most competitive bonus points offers on the market. You need to spend $2,500 on eligible purchases in the first three months to snag the bonus points, so make sure this fits in your budget.

As well as the standard earn rate, that means you’d collect a combined points bounty of 77,500 points. That roughly equates to 31 Qantas Points per $1, which is leaps and bounds ahead of what you’d usually earn for the same spend.

That’s enough points for a first class flight from Sydney to Bali (70,000 points), a return business class flight from Melbourne to Christchurch (72,000 points) or an economy flight from Sydney to New York (60,000 points) just to give you a few ideas.

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 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 do spend more than $7,500 in an average statement period, you might benefit more from a card with a higher spend threshold or no points cap at all.

Status Credits - EXPIRED

You could reach a higher Qantas Frequent Flyer membership tier faster with the ANZ Frequent Flyer Black's 75 bonus Status Credits offer. This unique benefit is available when you apply by 24 January 2018, get approved and fly return with Qantas by 31 May 2018. You can use Status Credits to climb the Qantas Frequent Flyer tiers to enjoy higher earn rates, priority boarding and airport lounge access.

Although the Qantas American Express Ultimate card had a similar offer earlier this year, the ANZ Frequent Flyer Black card is the only card offering Status Credits at the time of writing. You’d usually need to fly two return trips between Sydney and Melbourne on a Flexible Economy fare to rack up 75 Status Credits, so this is an easy way to give your Status Credits balance a boost without travelling the extra miles.

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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 travel costs. Some of the perks you can expect include:

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.

Véloce airport lounge access

You’ll also get unlimited complimentary access to airport lounges around the world via Véloce Lounges service. You just need to present your ANZ Frequent Flyer Black card and a valid boarding pass in your name at the participating lounge to enter.

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 and Véloce airport lounges is a definite plus if you’re a frequent traveller.

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How much does this card cost?

New cardholders can enjoy a $0 annual fee for the first year. This will revert to the standard annual fee of $425 thereafter. This is one of the only premium frequent flyer credit cards on the market that offers both a competitive bonus points offer and $0 annual fee for the first year.

If you’re the type of frequent flyer who gets a new card every year to rack up bonus points, the benefits of this card could easily outweigh the costs if you clear and cancel it before the annual fee applies. Otherwise, you should make sure that the value of the points you’re earning exceed the $425 annual fee.

The card also features a 19.99% p.a. purchase rate, so it isn’t ideal if you intend to 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.

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