ANZ Rewards Black credit card

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

Digging into the details of the ANZ Rewards Black credit card

The ANZ Rewards Black credit card 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 Velocity or KrisFlyer) at a later date.

The ratio is 2:1 if you opt to convert your ANZ Reward Points to Velocity Points.

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 credit card?

As a top-tier product, the ANZ Rewards Black credit card includes a number of complimentary insurances including:

• International Travel Insurance
• Domestic Travel Insurance
• Rental Vehicle Excess in Australia Insurance
• Purchase Protection Insurance
• Extended Warranty Insurance

These insurances are usually found in higher-tiered cards and will come in handy for both frequent flyers and frequent buyers alike. Click the link to read the PDS.

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 and Samsung Pay support with ANZ

ANZ cards support Apple Pay, Google Pay and Samsung 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.

Summing up: ANZ Rewards Black credit card

The ANZ Rewards Black credit card 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.