ANZ Frequent Flyer Black Visa

Review: ANZ Frequent Flyer Black Visa

What's Hot

  • Earn 1 Qantas Point per $1 on Visa spend, up to $7,500 per statement period
  • New customers can earn up to 75,000 bonus Qantas Points
  • 75 bonus Qantas Status Credits

What's Not

  • $425 annual fee after year one
  • Tiered points earning, rate drops to 0.5 Qantas Points after exceeding $7,500 spend per statement period

X-Factor

  • A good range of airport lounge access options

Introduction

ANZ's Frequent Flyer Black Visa credit card allows you to earn up to one Qantas Point per dollar spent up to $7,500 per monthly statement period (halved thereafter), and can be used either as your sole points-earning plastic or in tandem with a higher-earning American Express card to maximise your points.

But ANZ's top-of-the-line Qantas card offers more than just points: there are also more travel perks than you could poke a stick at, including lounge access with Qantas and the independent Velocé scheme, a substantial discount on ongoing Qantas Club membership, and of course, free international travel insurance.

Closer to home, ANZ's optional eDine program unlocks discounts of up to 50% at hotels and 20% at restaurants to keep you covered, and with an offer of 75,000 bonus Qantas Points (when you spend $2,500 on eligible purchases in the first three months), you'll be able to fly there in style, without having to pay an annual fee in the first year.

To further sweeten the deal, new customers who apply before October 31 2017 can earn a bonus 75 Qantas Status Credits when buying and taking a return Qantas flight by February 28 2018, over and above the usual number of status credits awarded in the air.

The offer extends to all paid Qantas domestic and international itineraries which normally earn status credits – even the lowest-cost economy fares on short domestic return flights – so as long as you're flying Qantas rather than on a partner airline or a codeshare flight, you'll be all set.

For those with their eye on Qantas Lifetime Silver or Qantas Lifetime Gold, we've also confirmed with Qantas that those 75 status credits also count towards your lifetime balance, so what are you waiting for?

Rounding out the key list of features and perks is support for Apple Pay, Android Pay and Samsung Pay, allowing you to purchase goods and services in-person without presenting your physical card, at any business that accepts contactless payments via their EFTPOS terminal.

ANZ Frequent Flyer Black credit card: fast facts

  • Grade/tier: Black
  • Card type: Visa
  • Loyalty program: Qantas Frequent Flyer (direct earn)
  • Qantas Points earned per dollar: 1 Qantas Point up to $7,500 per statement period, 0.5 Qantas Points thereafter (excludes ATO)
  • Points capping: Tiered earning rates apply as above, but points earning is without limit

Fees, charges and interest: 3/5

  • Total annual fee: $425 (currently waived in the first year)
  • Additional/supplementary cardholder fee: $65 with rewards (currently waived in the first year)
  • Interest rate on purchases: 19.99% p.a.
  • Interest-free days on purchases: Up to 55
  • Interest rate on cash advances: 21.49% p.a.
  • International transaction fee: 3.0%
  • Minimum income requirement: $75,000 p.a.
  • Minimum credit limit: $15,000

Earning points for free flights: 4/5

Apply for this card, be approved and you can earn 75,000 bonus Qantas Points when you spend $2,500 on eligible purchases in the first three months: more than enough for a one-way Qantas premium economy flight from Sydney, Melbourne or Brisbane to Los Angeles, plus a payment on the side to cover taxes, fees and other charges when booking.

That’s also more than enough for a return upgrade from economy to Qantas business class on flights between Australia and Jakarta, or for an outright return business class booking from Sydney, Melbourne or Brisbane to Auckland, Christchurch or Wellington with Qantas or Emirates, as available.

You can also earn 75 bonus Qantas Status Credits when you apply by October 31 2017 and then book and take a return Qantas flight by February 28 2018.

Read: Qantas adds status credits earning to ANZ credit cards

Status credits aren't like points and can't be used to book flights: instead, they help determine your frequent flyer tier (such as Silver, Gold or Platinum) and allow you to move up the ranks from one tier to the next, so if you're striving to earn or retain your shiny frequent flyer card, those extra status credits will prove most useful.

Airport lounge access: 4/5

Every year, cardholders can request two complimentary Qantas Club lounge passes – valid in domestic Qantas Club lounges and the airline's international business class lounges, except for Los Angeles.

For more frequent travellers, Qantas Club membership can also be purchased via ANZ at a $475 discount in the first year over the full 'individual' price, while unlimited access to a range of independent airport lounges is also provided through automatic membership in the Velocé international lounge scheme.

You don't even need to carry a separate lounge card: just present your ANZ Frequent Flyer Black Visa at participating lounges around the globe – including in places like Tokyo (Narita), Abu Dhabi, Doha, Dubai, London (Heathrow and Gatwick), New York and Johannesburg – for easy, automatic entry.

Free international travel insurance: 5/5

Charge just $250 of your international flight, accommodation or other associated travel costs to your ANZ Frequent Flyer Black Visa and ANZ's free travel insurance may provide cover on trips of up to six months.

Interstate flight inconvenience insurance and rental car excess cover are also available, as is extended warranty cover, 90-day purchase security insurance, and access to a telephone concierge service to help with your travel bookings and special arrangements.

ANZ Frequent Flyer Black Visa credit card: the verdict

With no annual fee in the first year, substantial discounts on Qantas Club membership and unlimited global lounge access via Velocé, the ANZ Frequent Flyer Black Visa credit card can easily save you money: all while earning a high number of frequent flyer points on your everyday spends.

The only major downside is the high minimum credit limit of $15,000 compared to many Platinum-grade cards which usually begin at $6,000: but if this card is destined for the front of your wallet, we can't imagine that would be an issue for many.

Advanced frequent flyer users could also consider coupling the ANZ Frequent Flyer Black Visa with a separate, high-earning American Express card (such as the AMEX Qantas Ultimate Card) to earn the most points where AMEX is accepted, and a respectable number of points where it's not, courtesy of ANZ.

Chris Chamberlin
Australian Business Traveller journalist Chris Chamberlin lives by the motto that a journey of a thousand miles begins with a single step, a great latte, a theatre ticket and a glass of wine!
 

7 Comments

  • mviy

    mviy

    26 Sep, 2017 09:29 am

    Great card. The bonus SCs and sign up bonus points credit quickly.

    Worth keeping for up to a year, but not worth paying the annual fee for the second year.
    No member give thanks

  • Joe

    Joe

    26 Sep, 2017 09:31 am

    Chris the Veloce program is quite sub-par. It's not available in some major international airports and when it is in some cases its a cafe voucher from a basic menu and tea or coffee! Nothing as exciting as it may read in your article. ANZ's past lounge access with Black cards was far superior.
    No member give thanks

  • Chris Chamberlin

    ChrisCh

    26 Sep, 2017 09:45 am

    It's certainly not on-par with something like Priority Pass, but Veloce maintains an online directory of lounges which can be accessed by ANZ cardholders so that you know what to expect at each airport. Advantage is that you can be flying with any airline and have access - disadvantage is that as the lounges are all independently run, the standards can differ significantly between them.

    No member give thanks

  • Steve987

    Steve987

    26 Sep, 2017 01:47 pm

    List is regularly out of date. Bali lounge was listed as available for 12+ months after the agreement with the lounge expired
    No member give thanks

  • Fonga

    Fonga

    26 Sep, 2017 11:10 am

    Make sure you apply online to avoid the annual fee. I joined up by ringing through an application and was charged the full fee. 10 calls later they reduced it by $200. Same if you apply for the card in a branch. They don't warn you of this.
    No member give thanks

  • romaau

    romaau

    26 Sep, 2017 02:13 pm

    I applied at a branch and the staff member was able to select the no annual fee offer. Just make sure you ask for it though.
    No member give thanks

  • devilish

    devilish

    26 Sep, 2017 11:54 am

    Please correct me if I am wrong but I don't think this card allows lounge access in Auckland or Singapore? If it indeed does could someone please tell me which lounge can be used. Thanks.
    No member give thanks

  • Chris Chamberlin

    ChrisCh

    26 Sep, 2017 12:16 pm

    Hi devilish, the most recent 'lounge list' we'd received from ANZ indicated that the Emperor Lounge in Auckland and the Airport Wellness Oasis lounge in Singapore were available to Black cardholders, but it seems that these no longer appear in the online Veloce lounge directory, so we've updated our article accordingly with other examples of lounge locations relevant to Aussie travellers based on the latest listings, including Tokyo, Abu Dhabi, Doha, Dubai, London, New York and Johannesburg, among others. Thanks for flagging!

    No member give thanks

  • devilish

    devilish

    26 Sep, 2017 12:40 pm

    Thanks for the follow up Chris.
    No member give thanks

  • Steve987

    Steve987

    26 Sep, 2017 01:48 pm

    "either as your sole points-earning plastic or to use in tandem with a higher-earning American Express card to maximise your points."


    Are you sure?
    No member give thanks

  • Chris Chamberlin

    ChrisCh

    26 Sep, 2017 02:04 pm

    What's the question, Steve? Cardholders may choose to use only the ANZ Visa to earn all their credit card points, or could pair the product with a higher-earning AMEX card (e.g. Qantas AMEX Premium, Qantas AMEX Ultimate, Altitude Black AMEX) to earn the most points possible on their overall spend.
    No member give thanks

  • Steve987

    Steve987

    26 Sep, 2017 04:28 pm

    Isn't it he case that ANZ has stopped issuing and has also cancelled previously existing Black AMEX? Certainly was my experience.
    No member give thanks

  • Chris Chamberlin

    ChrisCh

    26 Sep, 2017 04:29 pm

    These aren't ANZ AMEX cards: they're issued by other banks, which people may choose to have in addition to the ANZ Visa.

    No member give thanks

  • Steve987

    Steve987

    26 Sep, 2017 09:56 pm

    Aha - gotcha! Non
    No member give thanks

  • greg hempsall

    greg hempsall

    26 Sep, 2017 08:57 pm

    Tried to use the Veloce lounge in Milano but no longer accept ANZ Black Visa!Spent 2 hours trying to access lounges in Dubai on a 4 hour transit!Told Veloce did not renew contract! Website for ANZ and Veloce still falsely claim access possible!Cannot trust the website so be careful
    No member give thanks

  • Joe

    Joe

    26 Sep, 2017 09:21 pm

    David you really need to revisit this article. The Veloce ‘lounge access benefits’ are simply a joke and with all due respect doesn’t deserve an article in ABT. It’s really all hype and no substance in reality. ANZ should be ashamed calling this a “benefit”.
    No member give thanks

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24 Oct, 2017 01:05 pm

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