Packaging a free domestic return flight every year, two yearly airport lounge visits, no international transaction fees on purchases and 40,000 bonus Velocity points for eligible new customers, there's a lot to like about the ANZ Rewards Travel Adventures Visa credit card.
However, with points tiering kicking in after spending just $2,000 each month, this card may be better-suited to shoppers already using a higher-earning American Express card where AMEX is accepted, and are looking for a card to keep in reserve for those times where it's not, to still earn some points on their Visa spends.
Under that strategy, the $2,000 tiering threshold becomes less of an issue, and although the ANZ Visa carries a $225 annual fee, the cost is easily recouped after taking the free return flight every year, leaving you with a card that's practically 'free' while still earning a reasonable number of points for those times where AMEX isn't accepted.
ANZ Rewards Travel Adventures Card: fast facts
- Grade/tier: Platinum
- Card type: Visa
- Loyalty program: ANZ Rewards
- ANZ Rewards airline conversion partners: Virgin Australia Velocity (2:1), Air New Zealand Airpoints (200:$1), Cathay Pacific Asia Miles (3:1), Singapore Airlines KrisFlyer (3:1)
- ANZ reward points earned per $1 spent: 1.5 up to $2,000 per statement period, 0.5 thereafter (no points on ATO)
- 1.5 ANZ reward points = 0.75 Velocity points, $0.0075 in Airpoints Dollars, 0.5 Asia Miles, 0.5 KrisFlyer miles
- 0.5 ANZ reward points = 0.25 Velocity points, $0.0025 in Airpoints Dollars, 0.16 Asia Miles, 0.16 KrisFlyer miles
- Points capping: Uncapped, but tiering applies as above
- Mobile wallets: Apple Pay, Google Pay, Samsung Pay, Fitbit Pay, Garmin Pay
Fees, charges and interest: 3/5
- Total annual fee: $225
- Supplementary cardholder fee: $65 with rewards
- Interest rate on purchases: 20.24% p.a.
- Interest-free days on purchases: Up to 55
- Interest rate on cash advances: 21.74% p.a.
- International transaction fee: None
- Minimum income requirement: $35,000 p.a.
- Minimum credit limit: $6,000
Earning points and free flights: 4/5
On the surface, the ANZ Rewards Travel Adventures Card earns the same number of points per dollar spent as the ANZ Rewards Platinum Visa, yet with a higher ongoing annual fee of $225 versus $95 on the Rewards Platinum card – so what's the difference?
Well, by paying the extra $130 per year, you'll receive a complimentary return Virgin Australia domestic flight which you can book on a variety of routes, including long journeys like Sydney-Perth on which commercial fares usually cost much more.
Travel just needs to be booked at least 60 days in advance, with new cardholders eligible for this benefit after spending $500 on their card within the first three months – ditto two complimentary Virgin Australia lounge passes, which could be used when taking this free flight or on another trip.
These perks aren't limited to the first year, either: you'll enjoy the same benefits every year until the card is cancelled, although as an incentive for eligible new customers, there's currently a one-off bonus of 40,000 Velocity points when you apply and spend $500 on eligible purchases in the first three months following card approval: enough to book another return economy class flight between Sydney and Perth, plus a payment to cover taxes and fees.
On everyday purchases, you'll also earn the equivalent of 0.75 Velocity points per $1 spent via the ANZ Rewards program, on monthly payments of up to $2,000 (decreasing thereafter). This earn rate apples on both domestic and overseas spend, pleasingly with no international transaction fee on purchases made abroad.
In terms of the earning rate, that's certainly not as high a threshold as available on some other cards, but for points-savvy spenders who primarily use AMEX or Diners Club to maximise their points and just need a points-earning 'backup' card to keep in reserve, the favourable $2,000 ceiling could be all you really need.
Complimentary insurance cover: 4/5
You may be covered by international travel insurance on return trips of six months or less after spending at least $250 on transport costs or land activities for that trip using your ANZ Rewards Travel Adventures Card before the journey commences, such as by charging your airfares, cruise costs, accommodation, tours, or other eligible purchases to your card.
Although booking a flight using airline frequent flyer points doesn't directly activate the cover, using your card to pre-pay some of your hotel costs on the same trip could activate the same insurance protection instead (full details in the policy documents, which you should read).
ANZ's line-up of insurance covers also extends to interstate flight inconvenience insurance, rental vehicle excess cover in Australia, and a 'best price guarantee scheme'. As always, refer to the policy documents to check that you qualify, and that the cover meets your needs.
Airport lounge access: 2/5
Relax in Virgin Australia's domestic airport lounges with complimentary access twice per year when flying onward on a Virgin Australia domestic flight. You'll receive your first lounge passes in the mail after spending at least $500 on eligible purchases within the first three months, and again every year thereafter.
If you're already a Velocity Gold or Platinum frequent flyer or have lounge access already covered through another channel, you could either use these passes to bring in additional guests over and above your normal allowance – one complimentary guest for Velocity Gold, three complimentary guests for Velocity Platinum – or could gift them to friends or family members to use on their own travels.
ANZ Rewards Travel Adventures Card: the verdict
As a standalone points-earning credit card, the ANZ Rewards Travel Adventures Visa probably wouldn't be your first choice, given its restrictive $2,000/month points tiering threshold and reduced earning rate on further spends beyond that, but when considered more as a 'backup' card to a higher-earning American Express or Diners Club card, it gets a lot more attractive.
That's because you'd use that AMEX or Diners card to earn the most points in the places those cards are accepted, and then the ANZ credit card everywhere else: and those 'leftover' spends may not exceed $2,000/month anyway, allowing you to earn points at the card's highest rate.
The annual fee of $225 is also more than offset every year by the inclusion of the return domestic flight, boosted further by the promise of airport lounge visits for those who don't already have access, and from the savings you'll receive by not being charged international transaction fees on overseas purchases, as are common on other cards.
Plus, with 40,000 bonus Velocity points under your belt in the first year, you'll be flying in no time: and not just from the free trip that comes included every year with the card as standard.
You can apply for the ANZ Rewards Travel Adventures Visa here.