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Frequent Flyer Black

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Basic

Electronic Wallet Service

Important Rates

Rates

Balance Transfer

Overseas spending

Rewards

Eligibility

Earn Rates

RateCard TypeEarnsCondition
1 point for $1 spentVisaUp to $7,500 monthlyeligible purchases
0.5 points for $1 spentVisauncappedeligible purchases
  • Free Domestic Travel Insurance Available for up to 14 days when you use your card to pay for return domestic travel
  • Purchase Protection Insurance Cover lasts for 90 days per year
  • Extended Warranty Warranty is extended for the same duration as the original warranty up to 1 year.
  • Concierge
  • Special Events
  • Partner Discounts
  • Airport Lounge
  • International Travel Insurance
  • Rental Vehicle Excess In Australia Insurance
  • Guaranteed Pricing Scheme
  • Transit Accident Insurance

Features

The ANZ Frequent Flyer Black credit card has a relatively high annual fee, a moderate interest rate and a moderate interest-free period. The card is aimed particularly at rewarding Qantas points to cardholders.

Up to nine additional cardholders (18 years or older) can be added, at a cost of $65 per additional cardholder. There is an initial offer at joining of 75,000 Qantas points, 75 Bonus Status Credits and $0 annual fee for the first year. However, to obtain these benefits, you must activate the card and make $2,500 worth of eligible purchases within three months of approval.

The card allows you to bank on your iPhone or Android. Plus Apple Pay, Android Pay and Samsung Pay let you use your compatible Apple or Android device to tap and pay. You can also use Smart ATMs, ANZ Internet Banking and ANZ Phone Banking, or set up direct debit with CardPay Direct.

Pros
  • No annual fee in the first year
  • Access to special events
  • Range of complimentary insurances
Cons
  • High annual fee after first year
  • High interest rate
  • High cash advance fee

Who is it good for?

This card is definitely aimed at the frequent flyer. With uncapped earning of Qantas points, there is great potential to chalk up the frequent flyer points. The earn rate is $1 spent on eligible purchases = 1 point earned; and then 0.5 Qantas Points per $1 spent on eligible purchases above $7,500 per statement period. You also get two Qantas Club lounge access passes per year and discounted first-year Qantas Club membership.

If you travel for work, or just like to fly off for weekends away, then this card will suit you down to the ground (or up in the air).

Also, given that the interest on purchases is at the higher end of the scale, it’s also a card for people who pay off their account fully each month.

What RateCity says

The ANZ Frequent Flyer Black credit card is squarely aimed at the businessperson who travels a lot and spends a lot. On that basis, it offers a solid package, especially that initial offer of 75,000 points and the discount on the Qantas Club membership. The earn is also appealing if you use your frequent flyer points often, but remember you have to spend $2,500 on eligible purchases in the first three months to qualify.

However, if you don’t pay off your monthly balance then you will get slugged with a high interest rate. If you tend to have a balance owing each month then you’re probably better off looking for a card with low or no annual fee, low interest and a longer interest-free period. 

Applying/eligibility

To be eligible for the ANZ Frequent Flyer Black credit card, you must be a permanent Australian resident or a non-permanent resident with more than 9 months remaining on your visa.

You’ll need recent pay slips to confirm your income or, if you’re self-employed, the contact details for your accountant.

About ANZ

ANZ is one of Australia’s big four banks and provides finance products to customers, including credit cards, personal and home loans. Customers can stay in 24/7 contact with customer service representatives through the bank’s phone hotline and online services. Customers can also manage their own finances through the bank’s internet banking portal and mobile app. The bank’s headquarters is located in Melbourne. ANZ is a publicly listed company, and was incorporated in Australia in 1977.

Complimentary insurance covers: AWP Australia Pty Ltd ABN 52 097 227 177 AFSL 245631(trading as Allianz Global Assistance) under a binder from the insurer, Allianz Australia Insurance Limited ABN 15 000 122 850 AFSL 234708 has issued a group policy to Australia and New Zealand Banking Group Limited (ANZ) ABN 11 005 357 522 AFSL and Australian credit licence 234527 which allow eligible ANZ account holders and cardholders to claim under the group policy as third party beneficiaries. The eligibility criteria, terms, conditions, limits and exclusions of the group policy are set out in the Premium Cards - Insurances Policy Information booklet (PDF 366kB) and the ANZ Credit Cards Insurance Features booklet (PDF 111.5kB) which may be amended from time to time. An excess may be deducted from any benefit paid. ANZ does not guarantee this insurance. Any advice has been prepared without taking into account your objectives, financial situation or needs.  You must check whether or not it is appropriate, in light of your own circumstances, to act on this advice.


​Nick Bendel is a senior property and personal finance writer for RateCity, and an experienced journalist with numerous writing credits to his name. To date. He covers property, home loans, credit cards, superannuation and other bank products, and loves getting elbow-deep in the latest ABS, APRA and RBA data.​


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