Point Hacks Credit Card Guide

120,000 bonus ANZ Rewards points + $100 back with the ANZ Rewards Black

ANZ are offering 120,000 bonus ANZ Rewards Points and $100 back for new cardholders of the ANZ Rewards Black.

There are also offers of 75,000 bonus ANZ Rewards Points with the ANZ Rewards Platinum Visa, and 25,000 bonus ANZ Rewards Points with the ANZ Rewards Visa.

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

A minimum spend of $7,500 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 shown are examples only and exclude accompanying taxes and fees. Points redemption price data is provided by a third-party, so inaccuracies may be present. Please check with the airline directly for a complete and accurate total redemption cost.

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 Visa
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
Minimum income$75,000
Included insurancesInternational travel insurance, purchase security and extended warranty coverage, plus rental excess cover for Australian car rental, and interstate flight inconvenience insurance (PDS)
Overseas transaction fee3% of the converted amount
Annual fee$375

With the ANZ Black Rewards Visa, 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 international travel insurance, purchase security and extended warranty coverage, and up to nine additional cardholders ($65 p.a. per additional cardholder). Read the full PDS here.

There’s also rental excess cover for Australian car rental, and interstate flight inconvenience insurance (again, domestically). This card has a $75,000 minimum income requirement.

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.

120,000 bonus ANZ Rewards points + $100 back with the ANZ Rewards Black was last modified: March 13th, 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.

120,000 bonus ANZ Rewards points + $100 back with the ANZ Rewards Black was last modified: March 13th, 2019 by Daniel Sciberras

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Point Hacks Credit Card Information

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We have not taken into consideration your personal 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.

While we invest a great deal of time and energy into ensuring we provide with you with the most up to date and accurate information, we do not warrant the accuracy of statements or information contained on the Website relating to third party goods and services, including credit card information, loyalty schemes and rewards. You acknowledge that such information and materials may contain inaccuracies or errors and we expressly exclude liability arising from any person acting on those statements or information to the fullest extent permitted by law. Where conditions or warranties are implied by law and cannot be excluded, our liability will be limited to the re-supply of information. You should confirm the accuracy of information provided on this Website with the third party product provider before acting on it.

Comments

  1. A

    Newish to this & was hoping for a second opinion/confirmation:

    Choosing between the ANZ Rewards Black and Frequent Flyer Black – assuming you have use for FF and/or Velocity/Krisflyer, the 120k bonus with the FF black would be of greater value than the 120k ANZ Rewards bonus on account of the weaker conversion rate to airline points?

    • Daniel Sciberras Author

      Hi A

      Yes, the offers are between 120,000 Qantas Points or 60,000 Velocity points or 40,000 KrisFlyer miles.

  2. Chris

    Just received my ANZ Black today. Looked up the Veloce Lounge list straight away.
    Only 39 lounges across the world accept ANZ.
    Of the 10 in Asia, 8 are in India, two are in Tokyo. What the??
    Not much use.
    Now you know why it’s such a secret, they have nothing to show you.

  3. Deb Loh

    For $7,500 worth of eligible purchases within 3 months of approval, do BPay payments e.g. council rates and utilities bills count towards eligible purchases? Thanks.

  4. Mary Mallam

    Do you know if consumers will receive any acknowledgement that they have met the minimum $7500 spend and that their bonus 120k Qantas points will be credited?
    How long after meeting the minimum spend can consumers expect their bonus 120k Qantas points to be credited?

    • Daniel Sciberras Author

      Hi Mary

      No confirmation of minimum spend is given, however, when you reach the minimum spend, expect the bonus points to be credited to your account within 1-3 months.

  5. Deb Loh

    If I currently hold a ANZ Qantas Frequent Flyer credit credit, can I still apply for the ANZ Rewards Black and qualify for the bonus points and $100 back on the card?

    • Daniel Sciberras Author

      Hi Deb

      The terms and conditions state:

      Not available in conjunction with other offers, packages or promotions, or when transferring from an existing ANZ credit card. Not available where you currently hold an ANZ Rewards, ANZ Rewards Platinum or ANZ Rewards Black credit card, or have closed, or qualified for bonus Rewards Points or a credit back on, any of those ANZ Rewards credit cards within the previous 12 months

      You would only be excluded if you have held an ‘ANZ Rewards’ card in the previous 12 months. ANZ FF cards are from a different family of cards and therefore holding an ANZ Qantas Frequent Flyer credit card would not exclude you from taking up the ANZ Black Rewards offer.

    • The application page states:

      Your application must be approved and you must activate the card and make $7,500 worth of eligible purchases within 3 months of approval to receive the bonus Reward Points and to have $100 credited to your account. Eligible purchase means purchases which are eligible to earn Reward Points.

      Given that ATO payments do not earn Rewards points, that means they don’t count towards the minimum spend either. Sorry!

  6. Stephen

    If I am an additional card holder to an ANZ credit card account, can I apply for the ANZ Black card in my own right and qualify for the bonus rewards points & the $100 back on the card?

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