ANZ Rewards Black Visa credit card

Credit Card Review: ANZ Rewards Black Visa credit card

What's Hot

  • Earn points with four different airlines (VA, SQ, NZ, CX)
  • $250 Westfield Gift Card for new customers
  • Free international travel insurance

What's Not

  • Tiered earning rates

X-Factor

  • Decent international lounge access options via Velocé

Introduction

Boasting a high earning rate for reward points and top-shelf benefits like unlimited airport lounge access, the ANZ Rewards BlackVisa lets you maximise your points and perks.

Not only can you take advantage of the ubiquitous acceptance of Visa, you can can also unlock optional extras such as discounts on dining and accommodation through ANZ's $35/year eDine program.

This card is also compatible with Apple Pay, allowing you to use your iPhone or Apple Watch to make payments wherever contactless cards are accepted.

Like other rewards programs, you'll first accrue points in the ANZ Rewards scheme before later converting them into airline frequent flyer points or miles with either Virgin Australia, Air New Zealand, Cathay Pacific or Singapore Airlines, or for a raft of other goodies and gift cards.

Rounding out the deal is a bonus $250 Westfield gift card for new customers when you spend $2,500 in the first 60 days from approval, plus no annual fee for the first year.

ANZ Rewards Black credit card: fast facts

  • Grade/tier: Above-platinum
  • Card type: Visa
  • Loyalty program: ANZ Rewards
  • ANZ Rewards airline partners: Virgin Australia, Air New Zealand, Cathay Pacific, Singapore Airlines
  • Rewards points earned per dollar spent:
    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. Until 5 August 2017 receive 2 Reward Points per $1 spent on eligible purchases uncapped.
  • 1 ANZ Rewards point = 0.5 Velocity points, $0.005 in Airpoints credit, 0.33 Asia Miles, 0.33 KrisFlyer miles
  • Points capping: Uncapped, but tiered

Fees, charges and interest: 4/5

  • Total annual fee: $375
  • Additional/supplementary cardholder fee: $65 (with rewards)
  • Interest rate on purchases: 18.79% p.a.
  • Interest-free days on purchases: Up to 55
  • Interest rate on cash advances: 20.99% p.a.
  • International transaction fee: 3.0%
  • Minimum income requirement: $75,000
  • Minimum credit limit: $15,000

Earning points for free flights: 3/5

Apply for the ANZ Rewards Black Visa and spend at least $2,500 on eligible purchases within the first 60 days to pocket a $250 Westfield Gift Card.

Earning 2 Reward Points per dollar spent (without tiering until August 5, 2017) will see you amassing enough points to grab a one-way Sydney-Melbourne flight in Virgin Australia economy for just $7,800 in spend.

Airport lounge access: 3/5

ANZ has teamed up with Velocé – that's Velocé with an acute 'e', not Virgin Australia Velocity – to provide cardholders with access to over 70 airport lounges across the globe, including in cities like Auckland, Singapore, Abu Dhabi, Dubai and London.

Use your ANZ Rewards Black cards to visit the Al Reem lounge in Abu Dhabi's T1

Velocé's coverage, however, excludes Australia, the United States and also some important markets for business travellers in Asia such as China and Malaysia, and given how far you have to fly to make use of this perk, is likely more of a convenience every now and again rather than a selling point of its own.

Free insurance coverage: 4/5

International travel insurance is provided at no extra cost for trips of up to six months, is underwritten by QBE Insurance and is automatically activated when holding a return international travel ticket and charging at least $250 of pre-booked travel costs (such as flights and hotels) to your ANZ Rewards Black credit card before starting the journey.

You're also protected against loss, theft or accidental damage on selected goods for up to 90 days from the date of purchase, can enjoy up to 12 months of free extended warranty cover and have other protections including interstate flight inconvenience insurance and a 'best price guarantee'.

ANZ Rewards Black: our verdict

With no points capping and a solid earning rate of up to one airline frequent flyer point per dollar spent, the ANZ Rewards Black Visa stacks up nicely.

The comparatively high earn rate of the Visa card allows you to maximise your points earn thanks to its far reaching acceptance.

On the downside, inclusive airport lounge access only kicks in when flying internationally – as opposed to other credit cards that offer domestic Qantas or Virgin Australia lounge passes.

Also, if your travel patterns change and you begin to seek Qantas Points from your everyday spend, you'll also need to do a full product swap to ANZ's Qantas Frequent Flyer Black cards and pay a higher annual fee, rather than simply changing your earning preference as you can with Westpac's competing Altitude Black line.

Also read: ANZ Qantas Frequent Flyer Black credit card review

 

2 Comments

  • Dale

    Dale

    28 Jan, 2016 07:07 pm

    The Lounges are a problem, as they are dropping off the list like fly's. Also some on the list of Veloce lounges are refusing entry and not accepting the cards.

    Member who gave thanks

    1 guest

  • Globetrotter

    Globetrotter

    23 Feb, 2017 04:02 pm

    I think it should be noted under 'What's Not' at the top of each credit card review for any credit cards, including this one, who charge an international transaction fee. I was surprised to learn that NZ credit cards don't charge such a fee. It's such a rip off.

    No member give thanks

Guest

27 Mar, 2017 12:03 am

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