Frequent Flyer Black
Bonus Points100,000 bonus Qantas Points, plus 75 bonus Status Credits and $150 back to your new ANZ Frequent Flyer Black, when you spend $3,000 on eligible purchases in the first 3 months from approval. Receive an additional 30,000 bonus Qantas Points when you keep your card for over 12 months.
- Last updated on 05 Aug 2020
Balance Transfer Rate
Max Free Days
- Free domestic travel insurance
- Purchase protection insurance
- Extended warranty
- Special events
- Partner discounts
- Airport lounge
- International travel insurance
- Rental vehicle excess in australia insurance
- Guaranteed pricing scheme
- Transit accident insurance
Number free supplementary
Interest Free Days
Interest Free Days
Maximum credit limit
No set max
Late Payment Fee
Minimum credit limit
Over limit fee
Minimum repayment dollars
Duplicate statement fee
Minimum repayment percent
Supplementary card annual fee
Cash advance rate
Balance Transfer Rate
Balance Transfer Rate
of the approved credit limit
Balance Transfer Fee
Foreign Exchange Fee
3% on Visa
Estimated ATM Cost
for AU $300 withdrawal
Qantas Frequent Flyer (ANZ Frequent Flyer Black)
Cash Back, Domestic Flights, International Flights
Be 18 years of age or over, and; Be a permanent Australian resident or a non-permanent resident with more than 9 months remaining on your Visa
|1 point for $1 spent||Visa||Up to $7.5k monthly||eligible purchases|
|0.5 points for $1 spent||Visa||uncapped||eligible 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.
- SPECIAL EVENTS
- PARTNER DISCOUNTS
- AIRPORT LOUNGE
- INTERNATIONAL TRAVEL INSURANCE
- RENTAL VEHICLE EXCESS IN AUSTRALIA INSURANCE
- GUARANTEED PRICING SCHEME
- TRANSIT ACCIDENT INSURANCE
- Bonus PointsCashback 100,000 bonus Qantas Points, plus 75 bonus Status Credits and $150 back to your new ANZ Frequent Flyer Black, when you spend $3,000 on eligible purchases in the first 3 months from approval. Receive an additional 30,000 bonus Qantas Points when you keep your card for over 12 months.New card. Limited time. Spend and eligibility criteria, T&Cs, fees and charges apply (including an annual fee, currently $425).
Complimentary Qantas Frequent Flyer membership
Compare and review credit cards with similar features
Commonwealth Bank Ultimate Awards (CommBank Awards Points)
Bonus Points100,000 Bonus Awards Points when you apply for a new CommBank Ultimate Awards credit card by 28 October 2020 and spend $5,000 on eligible purchases using your new card within 90 days from activation
ANZ is one of Australia’s biggest banks. Its history dates back to 1835, when it was originally known as the Bank of Australasia. In 1951, the Bank of Australasia merged with the Union Bank of Australia to form ANZ Bank.
ANZ not only operates throughout Australia, but is also present in New Zealand, Asia, the Pacific, Europe, America and the Middle East.
As one would expect from a big four bank, ANZ offers a wide range of credit cards.
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 100,000 Qantas points, 75 Bonus Status Credits and $425 annual fee for the first year. However, to obtain these benefits, you must activate the card and make $3,000 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.
- No annual fee in the first year
- Access to special events
- Range of complimentary insurances
- 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 100,000 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 $3,000 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.
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.
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.
Property Personal Finance Writer
A property and personal finance writer, Nick Bendel covers property, loans, credit cards, superannuation, and other bank products. Nick has previously written for The Adviser, Mortgage Business, Lifehacker, Business Insider, Yahoo Finance, and InvestorDaily, and loves getting elbow-deep in the latest ABS, APRA and RBA data.
The reason Equifax, Experian and Illion use different scores is because they are independent companies with their own different methodologies. As a result, a score of, say, 700 would mean different things at different credit reporting bureaus.
However, the one thing they have in common is that they divide their scores into five tiers. So if you receive a tier-two credit score from one bureau, you will probably receive a tier-two score from the others, as well.
Yes, as credit card providers look at your annual income amount as well as your occupation. Minimum income requirements tend to be between $30,000 – $40,000 for standard and rewards credit cards, however low income credit cards can have minimum income requirements as low as $15,000 per year.
If you have a bad credit score, you might encounter two main problems. First, the lower your credit score, the more likely you are to be rejected when you apply for a loan or any other credit product. Second, if your application is accepted, the less likely you are to qualify for the lowest interest rates.
There are two reasons you should check your credit rating: so you have a better understanding of your financial position, and so you can take action (if necessary) to improve your credit rating.
Lenders use credit ratings or credit scores to assess loan applications. The higher your score, the more likely you are to get approved, and the more likely you are to be charged lower interest rates and lower fees. Conversely, the lower your credit score, the less likely you are to get approved, and the more likely you are to be charged higher interest rates and higher fees.
Credit cards are a quick and convenient way to pay for items in store, online or over the phone. You can use a credit card as a cashless way to pay for goods or services, both locally and overseas. You can also use a credit card to make a cash advance, which gives you the flexibility to withdraw cash from your credit card account. Because a credit card uses the bank’s funds instead of your own, you will be charged interest on the money you spend – unless you pay off the entire debt within the interest-free period. If you pay the minimum monthly repayment, you will be charged interest. There are many different credit card options on the market, all offering different interest rates and reward options.
A credit card can be a useful financial tool, provided you understand the risks and can meet repayment obligations.
If you’re a credit card first-timer, review your options. Think about what kind of credit card would suit your lifestyle, and compare providers by fees, perks and repayments.
Once you’ve selected a card, it’s time to apply. Credit card applications can generally be completed in store, online or over the phone.
When you apply for a credit card for the first time, you must meet age, residency and income requirements. As proof, you must also provide documentation such as bank account statements.
A balance transfer credit card lets you transfer your debt balance from one credit card to another. A balance transfer credit card generally has a 0 per cent interest rate for a set period of time. When you roll your debt balance over to a new credit card, you’ll be able to take advantage of the interest-free period to pay your credit card debt off faster without accruing additional interest charges. If your application is approved, the provider will pay out your old credit card and transfer your debt balance over to the new card.
For most Australians, there are no great barriers to applying for and getting approved for a credit card. Here are some points that a lender will consider when assessing your credit card application.
Credit score: A bad credit score is not the be all and end all of your application, but it may stop you being approved for a higher credit limit. If your credit score is less than perfect, apply for the credit limit that you need, rather than the one you want.
Annual income: Most credit cards have minimum annual income requirements. Make sure you’re applying for a card where you meet the minimum.
Age & residency: You need to be at least 18 years old to apply for a credit card in Australia, and most require that you are an Australian citizen or permanent resident. However, there are some credit cards available to temporary residents.
Think of credit cards as a short-term loan where you use the bank’s money to buy something up front and then pay for it later. Unlike a debit card which uses your own money to pay, a credit card essentially borrows the bank’s money to fund the purchase. When you apply for a credit card, the bank assesses your income and assigns you a credit limit based on what you can afford to pay back. At the end of each billing cycle, which is usually monthly, the bank will send you a statement showing the minimum amount you have to pay back, including any interest payable on the balance.
Losing your credit card is a serious situation, and could land you in financial trouble. Here is a simple guide detailing what to do when you lose your credit card.
Lock you card – Contact your provider and inform them about your lost credit card. From here lock, block or cancel your card.
Keep track of transactions – Look out for unauthorised credit card transactions. Most banks protect against fraudulent transactions.
Address recurring charges – If your card is linked to recurring charges (gym membership, rent, utilities), contact those businesses.
Check credit rate – To ensure you’re not the victim of identity theft, check your credit rating a month or two after you lose your credit card.