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.
Digging into the details of the ANZ Rewards Travel Adventures credit card
|Card||ANZ Rewards Travel Adventures Card|
|Loyalty program||ANZ Rewards—linked to Asia Miles, KrisFlyer & Airpoints|
|Points earned from spend||1.5 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 benefits||No fees charged by ANZ for using your card overseas, including withdrawing from foreign ATMs
(however third-party operators may still charge fees)
|Included Insurance||International Travel Insurance, Domestic Travel Insurance, Rental Vehicle Excess in Australia Insurance, Purchase Protection Insurance and Extended Warranty Insurance (PDS)|
|Overseas transaction fee||None|
|Mobile Wallet||Apple Pay, Google Pay, Fitbit Pay and Garmin Pay|
|Cash advance rate||21.24%|
|Interest Free days||Up to 55 days|
|Annual fee||$120 p.a.|
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.
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.
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
- Domestic Travel Insurance
- Rental Vehicle Excess in Australia Insurance
- Purchase Protection Insurance
- Extended Warranty 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. Click the link to read the PDS.
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.
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
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 was 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
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’.
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.
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.
Some transactions and other items are not eligible to earn ANZ Rewards Points. Please refer to the ANZ Rewards – Rewards Program Terms and Conditions booklet for details.