ANZ are offering 100,000 bonus ANZ Rewards Points and $100 back for new cardholders of the ANZ Rewards Black.

There are also offers of 50,000 bonus ANZ Rewards Points with the ANZ Rewards Platinum, and 25,000 bonus ANZ Rewards Points with the ANZ Rewards.

This guide covers the earn rates, caps and benefits of the ANZ Rewards Black card.

A minimum spend of $4,000 within the first 3 months of approval is required to receive the bonus points and the $100 credit, which helps offset the $375 annual fee. Eligible purchases cover most transactions, with the normal exclusions of fees, cash, cash equivalent transactions, balance transfers and transactions for gambling or gaming.

ANZ Rewards points converts at a ratio of 2:1 to Velocity Points and 3:1 to KrisFlyer miles and Asia Miles, which means the current bonus point offer is equivalent to 60,000 Velocity Points or 40,000 KrisFlyer miles/Asia Miles.

How you could use the bonus points from this card

All redemption figures above exclude any accompanying taxes, fees and charges. Points redemption price data is provided by a third-party. For an exact total redemption cost, please consult with the airline directly.


Digging into the details of the ANZ Rewards Black

ANZ Rewards Black earns ANZ Rewards points, which is ANZ’s own rewards program. We like flexible points programs here at Point Hacks—they allow you to earn points in a single program with the ability to move them to a partner program of choice (such as Velocity) at a later date.

Card Details

CardANZ Rewards Black
Loyalty programANZ Rewards
Points earned from spend2 Reward Points per $1 spent on eligible purchases up to $5,000 per statement period, then 1 Reward Point per $1 spent on eligible purchases above $5,000 per statement period
Included insurancesInternational Travel Insurance, Purchase Protection Insurance, Rental Vehicle Excess in Australia Insurance, Guaranteed Pricing Scheme, Extended Warranty Insurance and Interstate Flight Inconvenience Insurance (PDS 1), (PDS 2)
Overseas transaction fee3% of the converted amount
Purchase rate20.24%
Cash advance rate20.24%
Interest Free daysUp to 55 days
Annual fee$375

With the ANZ Black Rewards, you’ll earn 2 Rewards points per $ spent on eligible purchases up to $5,000 per statement period, then 1 Rewards point per $ spent on eligible purchases above $5,000 per statement period.

This is the equivalent of 0.66 KrisFlyer miles or Asia Miles, 0.010 Airpoints or 1 Velocity Point per $ spent on eligible purchases.

Those earn rates are what we call the ‘effective earn rate’—they are what you would effectively earn from your spend after your ANZ Rewards points have been transferred over to the partner frequent flyer program. Note that minimum points transfer amounts apply.

Insurance

The card includes a number of coverage including International Travel Insurance, Purchase Protection Insurance and Extended Warranty Insurance, and up to nine additional cardholders ($65 p.a. per additional cardholder).

There’s also Rental Vehicle Excess in Australia Insurance, and Interstate Flight Inconvenience Insurance (again, domestically). Read PDS 1 and PDS 2 here.

This guide references some of the benefits of insurance policies provided with this card. You should read the PDS and obtain independent professional advice before obtaining this product.

Lounge access

There is also an airport lounge access benefit provided by Veloce Lounges—the full list of available airport lounges is available at that link.

ANZ Apple Pay, Google Pay support

ANZ cards support Apple Pay & Google Pay, meaning you can use their cards on your smartphone for easier payments. Find out more in our guides for each of the compatible services.

100,000 bonus ANZ Rewards points + $100 back with the ANZ Rewards Black was last modified: October 2nd, 2019 by Daniel Sciberras

Eligibility criteria

  • Be 18 years old of age or over, and;
  • Be a permanent Australian resident or a non-permanent resident with more than 9 months remaining on your visa
100,000 bonus ANZ Rewards points + $100 back with the ANZ Rewards Black was last modified: October 2nd, 2019 by Daniel Sciberras

Summing up: ANZ Rewards Black

Once you look at the effective earn rate of Velocity, Asia Miles, KrisFlyer miles and Air New Zealand Airpoints on a per $ basis, then ANZ Rewards Black offers the most compelling earn rate of the ANZ Rewards range and is competitive against other cards in the market at this level of annual fee.

Note that ANZ Rewards points do expire—points must be used to claim a reward three years after the end of the year in which the points were earned, or they will be cancelled.

With a program like ANZ Rewards, the key benefit is in the additional options that having many program transfer partners on offer gives when it comes to redeem your hard-earned points. It does make managing your points a little more time-consuming as you have to factor that into your travel plans.

Disclaimers

ANZ would also like us to include the following disclaimer.

Reward Points accrue in accordance with the ANZ Rewards – Rewards Program Terms and Conditions booklet (please call 13 13 14 for a copy). Purchases which are not eligible to earn Rewards Points are described in the ANZ Rewards – Rewards Program Terms and Conditions booklet, e.g. fees, cash, cash equivalent transactions, balance transfers and transactions for gambling or gaming purposes will not earn Reward Points.

100,000 bonus ANZ Rewards points + $100 back with the ANZ Rewards Black was last modified: October 2nd, 2019 by Daniel Sciberras