The ANZ Rewards Travel Adventures Card has 40,000 bonus Rewards Points on offer for new cardholders who spend $1,000 on eligible purchases in the first 3 months from approval.

The card is designed to appeal to both travellers and those interested in rewards points, with no overseas transaction fees on purchases and a competitive annual fee compared to other cards on the market.

However, ANZ recently announced some major changes to the benefits of the card, along with a significant cut in the annual fee from $225 to $120 a year. These changes are all effective from 1 December 2020 onwards. This guide is now updated appropriately.

Digging into the details of the ANZ Rewards Travel Adventures credit card

Card Details

CardANZ Rewards Travel Adventures Card
Loyalty programANZ Rewards—linked to Asia Miles, KrisFlyer & Airpoints
Points earned from spend1.5 Reward Points per $1 spent on eligible purchases up to $2,000 per statement period,
then 0.5 Reward Points per $1 spent on eligible purchases above $2,000 per statement period 
Travel benefitsNo fees charged by ANZ for using your card overseas, including withdrawing from foreign ATMs
(however third-party operators may still charge fees)
Included InsuranceInternational Travel Insurance, Transit Accident Insurance,
Rental Vehicle Excess in Australia Insurance, Purchase Protection Insurance,
Extended Warranty Insurance, Guaranteed Pricing Scheme and Interstate Flight Inconvenience Insurance
(PDS 1), (PDS 2)
Overseas transaction feeNone
Purchase rate20.24%
Cash advance rate20.24%
Interest Free daysUp to 55 days
Annual fee$120 p.a.

What’s different with the ANZ Rewards Travel Adventures card after 1 December 2020?

From 1 December 2020, two major travel benefits are no longer included as benefits of the card:

  • Complimentary return economy domestic flight operated by Virgin Australia 
  • Two Virgin Australia domestic lounge passes each year until the card is cancelled

As a result, the annual fee of the card is also reduced to $120, comprising of a $65 annual card fee and a $55 Rewards Program fee.

We have a full guide to ANZ Rewards. In a nutshell, points can still be transferred out to Velocity Frequent Flyer, Singapore Airlines KrisFlyer, Cathay Pacific Asia Miles and Air New Zealand Airpoints. You can also redeem ANZ Rewards Points for gift vouchers and other merchandise.

Everyday purchases with the Rewards Travel Adventures Card earn 1.5 ANZ Reward Points per dollar on eligible purchases. This equates to 0.5 KrisFlyer miles or Asia Miles, 0.0075 Airpoints per dollar spent on eligible purchases.

These points earn rates are not exceptional compared to other cards on the market such as the ANZ Rewards Black. Unfortunately, with the removal of the Virgin Australia travel benefits, this card is no longer a competitive product for its price.

No overseas transaction fee for overseas purchases

Only a select few cards on the market in Australia offer this benefit, and with consumers spending increasingly at a global level on many products and services, not just travel, incurring fees of 2-4% on other cards can quickly rack up. This feature remains after 1 December 2020.

It is 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 transaction, whether that is for charges incurred while overseas 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, plus the no overseas transaction fee benefit.

On top of that, cash advance fees are also waived when you use the ANZ Rewards Travel Adventures credit 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 included insurances

The ANZ Rewards Travel Adventures card comes with the following insurances:

  • International Travel Insurance
  • Rental Vehicle Excess in Australia Insurance
  • Purchase Protection Insurance
  • Extended Warranty Insurance
  • Guaranteed Pricing Scheme
  • Transit Accident Insurance when travelling on a plane, tourist bus, train or ferry paid for with your credit card
  • Interstate Flight Inconvenience Insurance

These are all fairly intangible benefits, meaning that some people may get great use out of them, while others wouldn’t value them highly. Read PDS 1 and PDS 2 here.

It’s hard to say generally if they are worth the $120 annual fee, but if you end up using them, they’ll definitely help justify the fee.

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.

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.

Earn bonus ANZ Rewards points at the ANZ Bonus Points Mall

The ANZ Rewards Travel Adventures credit 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. In comparison to earning points from Velocity or Qantas’ own online malls, you can earn more ANZ Rewards points, which have greater flexibility (being able to be transferred out to various partners).

ANZ Bonus Points Mall
The ANZ Bonus Points Mall could help you earn bigger rewards, sooner

Apple Pay + Google Pay support with ANZ

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.

Apple Pay Australian Banks | Point Hacks

40,000 bonus Rewards Points and no overseas transaction fees on purchases with the ANZ Rewards Travel Adventures Card was last modified: January 22nd, 2021 by Daniel Sciberras

What’s happening to the old Virgin Australia travel benefits?

As we’ve mentioned previously, both the Virgin Australia free flight benefit and the complimentary lounge passes are being axed from 1 December 2020 onwards. Existing users must have already booked flights and/or requested the lounge passes before 8pm AEDT on 30 November 2020.

If you haven’t yet redeemed the Virgin Australia travel benefits and wish to have your current annual fee reduced instead, call ANZ on 1800 824 433 (Mon to Fri, 8am to 8pm AEST).

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
40,000 bonus Rewards Points and no overseas transaction fees on purchases with the ANZ Rewards Travel Adventures Card was last modified: January 22nd, 2021 by Daniel Sciberras

Summing up: ANZ Rewards Travel Adventures credit card

The ANZ Rewards Travel Adventures credit card was previously a very compelling offer, with ANZ clearly trying to mix and match travel benefits and points earn to create a compelling offer.

However, the removal of the Virgin Australia complimentary return economy domestic flight and domestic lounge passes is a major blow to the card proposition. Even with the reduced annual fee, it’s hard to justify this card anymore.

At least there is still no overseas transaction fee, which is effectively a saving of 2-4% compared to other cards which impose this fee. If you spend a lot on your card outside of Australia and/or in other currencies, these savings can quickly add up — and you’ll earn full points while doing so. Our advice remains the same: compare similar cards in the market (look at American Express, Visa and Mastercard offerings) to see which ones have the best set of benefits for you compared to its annual fee.

Frequently asked questions

How do I redeem my ANZ credit card points?

ANZ Rewards Points can be redeemed through the ANZ Rewards Store.
1. Log in or create an account at anzrewards.com
2. Choose your desired reward (e.g. Velocity Points or Gift Cards)
3. Choose the number of points or the value of the gift card (for example), then click ‘Redeem’.

How do I claim my ANZ Reward Points?

Points that you earn with the ANZ Rewards Travel Adventures Card will automatically be credited to your ANZ Rewards account, even if you haven’t actually set one up yet.

If this is your case, don’t fear. Your points are still safe. Just register with ANZ Rewards to create a username and password. Once you log in, you will have full access to your points for redemption.

What are ANZ Velocity Points?

ANZ (the financial institution) and Velocity (Virgin Australia’s frequent flyer program) are separate companies. Every two ANZ Reward points that you earn can be converted to one Velocity point, which can then be redeemed for Virgin Australia and other partner airline flights.

Disclaimer

ANZ would also like 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, for example interest charges, fees, cash advances, cash equivalent transactions, balance transfers and transactions for gambling or gaming purposes and reversed or refunded transactions will not earn Reward Points. 

40,000 bonus Rewards Points and no overseas transaction fees on purchases with the ANZ Rewards Travel Adventures Card was last modified: January 22nd, 2021 by Daniel Sciberras