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)
  • 120,000 bonus ANZ reward points + $100 back for new customers
  • International travel insurance

What's Not

  • Tiered earning rates

X-Factor

  • International lounge access

Introduction

Boasting a high earning rate for reward points and top-shelf benefits like unlimited airport lounge access, the ANZ Rewards Black Visa helps 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 eDine, attached to the Frequent Values program of Entertainment Publications.

This card is compatible with Apple Pay, allowing you to use your iPhone or Apple Watch to make payments wherever contactless cards are accepted, alond with Google Pay, Samsung Pay, Fitbit Pay and Garmin Pay.

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 120,000 ANZ reward points plus $100 back on your card statement when you spend $7,500 on eligible purchase in the first three months, getting you flying faster and reducing the 'cost' of the card's annual fee in the first year.

ANZ Rewards Black Visa: fast facts

  • Grade/tier: Black
  • 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
  • $1 spent on eligible purchases (up to $5,000/month) = 1 Velocity point, $0.01 in Airpoints value, 0.66 Asia Miles, 0.66 KrisFlyer miles
  • $1 spent on eligible purchases (over $5,000/month) = 0.5 Velocity points, $0.005 in Airpoints value, 0.33 Asia Miles, 0.33 KrisFlyer miles
  • Points capping: Uncapped, but tiered as above
  • Mobile wallets: Apple Pay, Google Pay, Samsung Pay, Fitbit Pay, Garmin Pay

Fees, charges and interest: 4/5

  • Total annual fee: $375 ($275 net cost in the first year after '$100 back' offer)
  • 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: 4/5

Apply for the ANZ Rewards Black Visa and spend $7,500 on eligible purchases in the first three months to pocket 120,000 bonus ANZ reward points, plus $100 back on your card.

Those 120,000 bonus points are worth 60,000 Virgin Australia Velocity points, 40,000 Singapore Airlines KrisFlyer miles, 40,000 Cathay Pacific Asia Miles or $600 in Air New Zealand Airpoints value – all of which can go towards booking your next flight or upgrade to business class.

Opt for Velocity points and you can also earn the equivalent of one Velocity point per dollar spent on eligible everyday purchases (up to $5,000 per statement period, halved thereafter), giving you enough points to book a one-way economy Sydney-Melbourne flight after spending $10,600 on the card in a single month.

If your spends are lower, you'd earn the same number of points after charging $7,800 worth of everyday purchases over a number of months, provided your total spend on the card remains less than $5,000/month, where you'd always be earning the highest number of points.

Airport lounge access: 2.5/5

ANZ has teamed up with Velocé – that's Velocé with an acute 'e', not Virgin Australia Velocity – to provide cardholders with access to a number of airport lounges across the globe, including in cities like London, Amsterdam, Athens, Budapest, Chicago, Frankfurt, Geneva, Helsinki, Johannesburg, Manchester, Mumbai, Paris, Prague, Stockholm, Tokyo and more.

However, participating lounges can change over time, so before you travel, always consult the Veloce World website (which you'll gain access to after receiving your ANZ card) for the most up-to-date lounge listings.

As there are no partner lounges in Australia, New Zealand, or in popular international destinations like Singapore and Hong Kong, this is one of those benefits that's great to keep in reserve, but perhaps not suited to being your 'main' global lounge access solution.

Complimentary 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 can be 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 may also be 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'.

As always, refer to the policy documents to confirm whether (and how) you qualify for each type of cover, and to decide for yourself whether the level of insurance provided adequately meets your needs.

ANZ Rewards Black Visa: our verdict

With no points capping, a $100 cash rebate in the first year, a solid earning rate of up to one airline frequent flyer point per dollar spent and an offer of 120,000 bonus points for eligible new cardholders, the ANZ Rewards Black Visa stacks up nicely.

The comparatively high earn rate of the Visa card also helps you maximise your points earning potential, thanks to its wide-reaching acceptance around the globe.

On the downside, inclusive airport lounge access only kicks in when flying internationally at specific airports and terminals – as opposed to other credit cards that offer domestic Qantas or Virgin Australia lounge passes, such as the ANZ Frequent Flyer Black and ANZ Rewards Travel Adventures cards.

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 Frequent Flyer Black Visa (which can change your card number, that you'd need to update on all your direct debits), rather than simply changing your earning preference as you can with Westpac's competing Altitude Black line.

Also read: ANZ Frequent Flyer Black Visa credit card review

Chris Chamberlin
Chris Chamberlin is a senior journalist with Australian Business Traveller and 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!
 

10 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

  • John Jobson

    Jobson72

    11 Feb, 2018 04:43 pm

    What lounge can we use at Sydney international airport
    No member give thanks

Guest

12 Dec, 2018 07:56 am

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