ANZ is offering 180,000 bonus ANZ Reward Points (enough points to redeem an $800 gift card), plus a $0 annual fee for the first year for new cardholders of the ANZ Rewards Black. This guide covers the earn rates, caps and benefits of the ANZ Rewards Black card.
A minimum spend of $2,000 within the first 3 months of approval is required to receive the bonus points for this card. Eligible purchases cover most transactions, with the normal exclusions of fees, cash, cash equivalent transactions, balance transfers and transactions for gambling or gaming.
New card. T&Cs, eligibility criteria, fees & charges apply (including annual fee currently $375). Note that bonus points won’t be awarded to those who have held (or still hold) any ANZ Rewards credit card in the last 12 months, including the ANZ Rewards Travel Adventures card.
The 180,000 ANZ Reward Points can get you an $800 eGift Card from Bunnings, Woolworths, Myer, JB HiFi, Coles or Kmart.
You may also opt to convert the points into Velocity Points at a 2:1 ratio, or to KrisFlyer Miles or Asia Miles at a 3:1 ratio, which means the current bonus point offer is equivalent to 90,000 Velocity Points or 60,000 KrisFlyer miles or Asia Miles. For reference, 36,500 KrisFlyer miles is enough to fly Perth-Singapore-Taipei in Singapore Airlines Business Class!
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.
Disclaimer: These are example redemptions only and due to COVID-19 travel restrictions, some of these routes may not be currently available.
Digging into the details of the ANZ Rewards Black
ANZ Rewards Black earns ANZ Reward Points, which is ANZ’s own rewards program. We like flexible points programs here at Point Hacks — it allows you to earn points in a single program with the ability to move them to a partner program of choice (such as KrisFlyer) at a later date.
ANZ has also resumed points transfers to Velocity as of 2 May 2021. The ratio is 2:1 if you opt to convert your ANZ Reward Points to Velocity Points.
|Card||ANZ Rewards Black|
|Loyalty program||ANZ Rewards|
|Points earned from spend||2 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 insurances||International 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 fee||3% of the converted amount|
|Cash advance rate||20.24%|
|Interest Free days||Up to 55 days|
|Annual fee||$375 p.a. ongoing|
With the ANZ Black Rewards, you’ll earn:
- 2 Reward Points per dollar spent on eligible purchases up to $5,000 per statement period
- 1 Reward Point per dollar spent on eligible purchases above $5,000 per statement period.
In simpler terms, here’s the equivalent number of frequent flyer miles you could earn for every dollar spent on eligible purchases (when you are still under the $5,000/statement period threshold):
- 1 Velocity Point
- 0.66 KrisFlyer miles or Asia Miles, or
- 0.01 Air New Zealand Airpoints
This is what we call the ‘effective earn rate’ — what you would effectively earn from your spend after your ANZ Reward Points have been transferred over to the partner frequent flyer program. Note that minimum points transfer amounts apply.
What are the benefits of the ANZ Rewards Black?
As a top-tier product, the ANZ Rewards Black includes a number of complimentary insurances including:
- International Travel Insurance
- Interstate Flight Inconvenience Insurance
- Rental Vehicle Excess in Australia Insurance
- Transit Accident Insurance when travelling on a plane, tourist bus, train or ferry paid for with your Black credit card
- Purchase Protection Insurance
- Extended Warranty Insurance
- Guaranteed Pricing Scheme
These insurances are usually found in higher-tiered cards and will come in handy for both frequent flyers and frequent buyers alike. Click the links to read the Premium Cards Insurances PDF and the credit card insurance features PDF.
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.
Apple Pay + Google Pay support with ANZ
Card eligibility criteria
These are the minimum requirements to be eligible to apply for this Card. Other additional eligibility criteria, such as proof of income, will generally be required later on.
- 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
Frequently Asked Questions
ANZ Reward Points can be used for merchandise or gift cards. However, a better option may be to transfer it to an airline frequent flyer program. Read more here.
We tentatively value each ANZ Reward Point at 0.8 cents each. Its actual value will depend on what you ultimately use the points for.
Log in to the ANZ Rewards portal through https://anzrewards.com/public/login.aspx
ANZ considers most spend to be eligible purchases, except for certain exclusions such as “fees, cash, cash equivalent transactions, balance transfers, and transactions for gambling or gaming purposes” which will not earn points. See the card terms and conditions for more information.
Summing up: ANZ Rewards Black
The ANZ Rewards Black offers a compelling effective earn rate of Velocity Points, KrisFlyer Miles, Asia Miles and Air New Zealand Airpoints. It’s also competitive against other cards in the market at this level.
Note that ANZ Reward 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.
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.