ANZ have launched a new American Express and Visa companion card account linked to ANZ Rewards – the ‘ANZ Rewards Travel Adventures card’.
This is an interesting new product from ANZ who are trying to create a new product to appeal to both travellers and those interested in rewards points, with a competitive $225 annual fee compared to other cards on the market.
There’s no bonus points for new applicants – but instead new cardholders will receive a complimentary Virgin Australia domestic return flight and two single entry Virgin Australia lounge passes after $500 spend on eligible purchases in the first 3 months – and these benefits renew each year (unless the card is cancelled).
ANZ key terms: Eligibility criteria, T&Cs, fees and charges apply. Flight and lounge passes available to accountholder only. Flight restrictions and lounge conditions apply.
ANZ's newest card is targeted at frequent travellers with no overseas transaction fee on purchases. Also included is a Virgin Australia domestic return flight, plus two single entry Virgin Australia lounge passes - both after spending $500 on eligible purchases in the first three months, and for the accountholder only.
Eligibility criteria, T&Cs, fees, charges, flight restrictions and lounge conditions apply.
- No overseas transaction fee on purchases
- Complimentary Virgin Australia domestic return flight each year until the card is cancelled
- Two Virgin Australia lounge passes each year (single entry) until the card is cancelled
- 2 ANZ Rewards points earned per $1 spent on eligible purchases on the American Express, 1 ANZ Reward point per $1 spent on the Visa
- $225 Annual Fee
- Spend $500 on eligible purchases in first 3 months to access domestic return flight and Virgin Australia lounge passes
- Eligibility criteria, T&Cs, fees and charges apply
Point Hacks earn up to $150 per applicant for this card. More about this →
|Card||ANZ Rewards Travel Adventure card|
|Loyalty program||ANZ Rewards - linked to Velocity, Asia Miles & KrisFlyer & Airpoints|
|Points earned from spend||2 ANZ Rewards points per $1 spent on the American Express
1 ANZ Rewards point per $1 spent on the Visa
|Travel benefits||A free Virgin Australia domestic flight each year *
Two Virgin Australia lounge passes each year *
|Overseas transaction fee||None|
|Annual fee||$225 p.a.|
Earning ANZ Reward Points with the ANZ Rewards Travel Adventures card
The account comes with a linked American Express and Visa cards. Transactions (and ANZ Rewards points from eligible spend) on either card are allocated to the same account, with the primary difference being the amount of ANZ Reward Points earned depending on the card you use.
There’s a full guide to ANZ Rewards here, but in a nutshell, points can be transferred out to Velocity Frequent Flyer, Singapore Airlines KrisFlyer, and Cathay Pacific Asia Miles and Air New Zealand Airpoints dollars. You can also redeem ANZ Reward Points for gift vouchers and other merchandise.
Everyday purchases on the American Express earns 2 ANZ Reward Points per dollar. On the Visa, you can earn 1 ANZ Reward Point per dollar spent on everyday purchases.
ANZ Reward Points are transferred to Velocity at 2 ANZ Reward Points = 1 Velocity point, and to Singapore Airlines KrisFlyer and Cathay Pacific Asia Miles at 3 ANZ Reward Points to 1 frequent flyer mile.
The effective Velocity point earn rate on the ANZ Rewards Travel Adventures card is 1 Velocity point on the American Express and 0.5 Velocity points on the Visa.
For KrisFlyer miles and Asia Miles, it’s 0.66 miles per $ on the American Express and 0.33 miles per $ on the Visa.
These points earn rates are not exceptional compared to other cards on the market, say ANZ Rewards Black. But earning points is not a focus for this card – instead there’s a balance being struck between points earn alongside travel specific benefits, which we’ll get into next.
Earn bonus ANZ Rewards points at the ANZ Bonus Points mall as a cardholder
The ANZ Rewards Travel Adventures Card is also eligible to use the ANZ Bonus Points Mall as a means to earn more bonus points when shopping online, after clicking through from the ANZ Bonus Points Mall website.
This is a neat, unique win for ANZ Rewards cardholders. By comparison to earning points from Virgin or Qantas own online malls, you can earn more ANZ Rewards points which have greater flexibility.
No overseas transaction fee for overseas purchases
Only a select few cards on the market in Australia offer this benefit, and with consumers (like me!) spending increasingly at a global level on many products and services, not just travel, incurring fees of 2-3.5% on other cards can quickly rack up.
It’s pleasing to see another card offer no overseas transaction fee as a product feature given the potential for real savings on almost every non-AUD denominated transaction, whether that’s on spend for when you’re travelling, or when buying goods and services that are billed outside of Australia.
The best part? You’ll earn the full points earn rate for eligible purchases whether you’re using the American Express or Visa, with the no overseas transaction fee benefit available on both cards.
ANZ state that the overseas transaction fee is waived for foreign currency purchases, and purchases where the merchant or financial institution accepting the card is located outside Australia.
On top of that, cash advance fees are also waived when you use the ANZ Rewards Travel Adventures card to withdraw cash from a branch or ATM outside of Australia.
Of course, a cash advance fee like many other accounts applies to other cash advances on your account, and you could incur ATM fees from the ATM operator too.
Complimentary return domestic Virgin Australia flight
The complimentary domestic return flight is available each year until the card is cancelled, and becomes available in the current offer after spending $500 on eligible purchases in the first three months.
The first key thing to understand is that there a list of routes between cities that you can redeem your Economy flight for. Here’s the table, which thankfully is actually fairly extensive. You can use your complimentary flight in either direction between each city pair in the list below – this list is accurate as of 27th June 2016 – but double check on the ANZ website for any changes since.
|Ballina / Byron||Sydney|
|Sydney||Ballina / Byron|
The available city pairs between which you can use the complimentary flight is fairly extensive compared to other similar benefits from other banks, with West to East Coast (and vice versa) routings allowed between Perth and Sydney, Brisbane and Melbourne.
Another key restriction is that ANZ state that “bookings are subject to availability and some flights may not have complimentary seats available”.
Given this is a new card we’re yet to get first-hand access when it comes to how availability for the complimentary flight benefit works in practice. I’m hopeful I’ll get more information on this in coming weeks.
Next, the complimentary domestic flight is going to work best for people who can plan their trips, as it must be booked at least 60 days in advance of travel.
There’s another set of restrictions to know about too – the account holder must be the traveller on the complimentary flight when it’s redeemed, and you won’t earn Velocity points, status credits or be able use upgrade options (points or Platinum upgrade credits) on the complimentary flight.
There are some more detailed flight terms available at anz.com/adventurescardwelcome
Two single entry Virgin Australia lounge passes each year you hold the card
Just like the complimentary flight, the Virgin Australia lounge passes become available after $500 minimum spend in first three months, and are available each year until the card is cancelled.
You can use the lounge passes at any of Virgin Australia’s domestic lounges which are in a number locations around Australia.
If you’re a Velocity member you’ll be able add the lounge passes to your account for use when you arrive at the lounge. Otherwise, if you call ANZ Rewards the passes will be posted out to you within 4 weeks.
Switching from another ANZ credit card to the ANZ Rewards Travel Adventures card
It’s likely that there might be a few cardholders who would want to either change their existing ANZ Rewards card to the ANZ Rewards Travel Adventures card, or add the card to their portfolio.
The advice I’ve been given from ANZ is that existing cardholders wishing to transfer their existing account should request an ‘inter-product transfer’ from ANZ either through internet banking, an ANZ branch or by calling the ANZ cards team directly to make the move.
Summing up – ANZ Rewards Travel Adventures card
The ANZ Rewards Travel Adventures card is a really interesting new product, and ANZ have clearly tried to mix and match travel benefits and points earn to create a compelling offering that’s not just about earning bonus points and points from spend.
The complimentary flight is a useful win for cardholders, but the restrictions on how to use it need to be noted for them to ensure they get the most value from it.
Similarly with the Virgin Australia single entry lounge passes – a number of cards now offer this benefit, and if you have no other way to access the Virgin Australia lounge then they are really useful – but you need to remember that according to the terms and conditions, the accountholder must be present when they are used.
My personal favourite benefit is the lack of overseas transaction fee, as this is an essentially an uncapped saving of 2-3.5% versus other cards which impose this fee.
If you spend a lot on your card outside of Australia, or not in Australian Dollars, this can quickly add up – and you’ll earn full points for using either the American Express or Visa when doing so.
ANZ Rewards Travel Adventures card could quickly become a ‘go to’ card in your wallet when you’re travelling thanks to the lack of overseas transaction fees.
Share this article
Point Hacks Credit Card Information
Point Hacks is published by Newformula Media. Newformula PTY LTD (ACN: 609 361 051) is a credit representative (486568) of Eurofinance Corporation Pty Ltd (Australian Credit License: 393845). In some instances, Newformula PTY LTD receives a commission or benefit for referring you to the services of a credit provider. This commission or benefit is disclosed at the point of referral to the credit provider. This website does not provide credit or advise you to apply for credit assistance from any particular provider.
We have not taken into consideration your circumstances or financial situation when providing the information on this website. It is important you read the relevant PDS from the product issuer and seek the independent advice of an appropriately qualified professional before making a decision on a product.