ANZ Rewards Black Visa credit card

Review: ANZ Rewards Black Visa credit card

What's Hot

  • Earn points with four different airlines (VA, SQ, NZ, CX)
  • 75,000 bonus ANZ reward points for new customers
  • Free international travel insurance

What's Not

  • Tiered earning rates

X-Factor

  • Decent international lounge access options via Veloce

Introduction

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

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

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

Like other reward 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 75,000 ANZ reward points when you spend $2,500 on eligible purchases within the first three months, and with 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
  • Reward points earned per dollar spent:
    2 points per $1 spent on eligible purchases up to $5,000 per statement period, then 1 point per $1 spent on eligible purchases above $5,000 per statement period. 
  • 1 ANZ reward 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 (waived in the first year)
  • 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 three months to pocket 75,000 bonus ANZ reward points, and with no annual fee to pay for the first year.

Those 75,000 bonus points are worth 37,500 Virgin Australia Velocity points, 25,000 Singapore Airlines KrisFlyer miles, 25,000 Cathay Pacific Asia Miles or $375 in Air New Zealand Airpoints value – all of which can go towards booking your next flight or upgrade to business class.

You’ll also earn 2 points per dollar spent spent on eligible purchases up to and including $5,000 per statement period (after which it reverts to 1 point per dollar), and if you convert your ANZ reward points across to Virgin Australia, you’d earn enough points to book a one-way Sydney-Melbourne flight in economy for every $10,600 charged to the card.

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, no annual fee for the first year, a solid earning rate of up to one airline frequent flyer point per dollar spent and an offer of 75,000 bonus points for eligible new cardholders, 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

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!
 

5 Comments

  • Joe

    Joe

    25 May, 2017 12:33 pm

    Chris the lounge rating should be 2/5. Excluding Australia and USA are indeed major omissions for Australian business travellers.
    No member give thanks

  • Chris Chamberlin

    ChrisCh

    25 May, 2017 02:23 pm

    Hi Joe, most credit cards include no lounge access at all, while those that do frequently include only two or four visits (for which we would normally award one star per visit: so two stars for two visits and four stars for four visits).

    ANZ Rewards Black instead provides unlimited airport lounge access, but as we've noted in the article and you've highlighted above, no Australian lounges are included in that program, so rather than awarding five stars as we typically would for unlimited airport lounge access, we've awarded three to reflect this restriction, as domestic lounge access isn't provided (and the USA would certainly be nice too), with many likely using the perk around three times a year.

    No member give thanks

  • romaau

    romaau

    26 May, 2017 06:35 pm

    Does anyone have the latest list of Veloce lounge locations? I found an old list that has Istanbul, Athens and Munich on it.
    Can someone confirm they are still on the list.
    Do you just show your card and they let you in?
    No member give thanks

  • gravity

    gravity

    17 Nov, 2017 05:46 pm

    yes you show your card and flight ticket and they swipe and confirm and let you in. Names must match
    No member give thanks

  • MrBRo

    MrBRo

    14 Nov, 2017 10:10 am

    The card itself is quite good, but ANZ as a whole with customer service is terrible. Hopefully you don't have to deal with their branch or overseas call centre staff as their product knowledge is poor.
    No member give thanks

  • gravity

    gravity

    17 Nov, 2017 05:45 pm

    Hi Chris
    Thanks for the review, anz black is no longer as good than when it had AMEX attached. Considering changing now.
    Also might be worth noting whilst its uncapped, less points over $5k

    2 Reward Points
    per $1 spent on eligible purchases up to and including $5,000 per statement period

    1 Reward Point
    per $1 spent on eligible purchases above $5,000 per statement period

    No member give thanks

  • Chris Chamberlin

    ChrisCh

    17 Nov, 2017 05:59 pm

    Hi gravity, we've covered this in the review.
    No member give thanks

  • gravity

    gravity

    17 Nov, 2017 08:45 pm

    Hi Chris
    My apologies, i just re read the review. I missed that.
    Sorry mate
    No member give thanks

  • ALDO vAN hEESWIJCK

    boris45

    17 Nov, 2017 05:59 pm

    I still use my CBA black combo as it is totally fee free and has good travel insurance. However as its FF points have become crap I use it spasmodically alongside an AMEX platinum. As I only fly business class lounge access is not a selling point.
    No member give thanks

Guest

22 Nov, 2017 08:05 pm

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