Reviews

Review: ANZ Frequent Flyer Black

By Chris Chamberlin, September 26 2017
ANZ Frequent Flyer Black
Notes
The Good
  • Earn 1 Qantas Point per $1 spent, up to $7,500 per statement period
  • New customers can earn up to 100,000 bonus Qantas Points plus a $200 statement credit
The Bad
  • $425 total annual fee
  • Tiered points earning, rate drops to 0.5 Qantas Points after exceeding $7,500 spend per statement period
Added Value
  • A variety of airport lounge access options

Introduction

ANZ's Frequent Flyer Black credit card allows you to earn up to one Qantas Point per dollar spent up to $7,500 per monthly statement period (halved thereafter), and can be used either as your sole points-earning plastic or in tandem with a higher-earning American Express card to maximise your points.

But ANZ's top-of-the-line Qantas card offers more than just points: there are also more travel perks than you could poke a stick at, including lounge access with Qantas and the independent Velocé scheme, a substantial discount on ongoing Qantas Club membership, and of course, a variety of insirance options.

With an offer of 100,000 bonus Qantas Points and $200 back to your new card (when you apply and spend $4,000 on eligible purchases in the first three months from approval), you'll be able to fly to your next holiday destination in style, and save on annual fees in the first year.

Rounding out the key list of features and perks is support for Apple Pay, Google Pay, Samsung Pay, Fitbit Pay and Garmin Pay, allowing you to purchase goods and services in-person without presenting your physical card at any business that accepts contactless payments via their EFTPOS terminal.

ANZ Frequent Flyer Black credit card: fast facts

  • Grade/tier: Black
  • Card type: Visa
  • Loyalty program: Qantas Frequent Flyer (direct earn)
  • Qantas Points earned per dollar: 1 Qantas Point up to $7,500 per statement period, 0.5 Qantas Points thereafter (excludes ATO)
  • Points capping: Tiered earning rates apply as above, but points earning is without limit
  • Supported mobile wallets: Apple Pay, Google Pay, Samsung Pay, Fitbit Pay, Garmin Pay

Fees, charges and interest:

  • Total annual fee: $425 (with a net cost of $225 in the first year via the $200 statement credit)
  • Additional/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: 20.24% p.a.
  • International transaction fee: 3.0%
  • Minimum income requirement: None defined
  • Minimum credit limit: $15,000

Earning points for free flights:

Apply, be approved and you can earn 100,000 bonus Qantas Points plus $200 back on your card after spending $4,000 on eligible purchases in the first three months. On the points front, that's enough for a return Qantas business class flight from Sydney to Jakarta, plus a payment on the side to cover taxes, fees and other charges when booking.

As you continue to use the card, you'll also be earning Qantas Points at one of the highest rates in Australia for 'non-AMEX' spend, keeping your Qantas Frequent Flyer balance topped up.

Airport lounge access:

Every year, cardholders can request two complimentary Qantas Club lounge passes – valid in domestic Qantas Club lounges and the airline's own international business class lounges, except for Los Angeles, Singapore, and the Qantas Transit Lounge in Perth.

For more frequent travellers, Qantas Club membership can also be purchased via ANZ at a $497 discount in the first year over the full 'individual' price, while unlimited access to a range of independent airport lounges is also provided through automatic membership in the Velocé international lounge scheme.

Not to be confused with Virgin Australia Velocity, Velocé is an independent lounge network with locations around the world: but once you have your ANZ credit card, do sign up for an online account with Velocé to stay abreast of your lounge options, because participating lounges do change from time to time.

Complimentary insurance cover:

Charge just $250 of your international flight, accommodation or other associated travel costs to your ANZ Frequent Flyer Black Card and ANZ's complimentary International Travel Insurance may provide cover on trips of up to six months.

ANZ's line-up of insurance covers also extends to Purchase Protection Insurance, Rental Vehicle Excess in Australia Insurance, Transit Accident Insurance and Guaranteed Pricing Scheme cover.

As always, refer to the policy documents to check that you qualify, and that the cover meets your needs.

ANZ Frequent Flyer Black credit card: the verdict

With the annual fee partially offset in the first year, substantial discounts on Qantas Club membership and unlimited lounge access via Velocé, the ANZ Frequent Flyer Black credit card can easily save you money: all while earning a high number of frequent flyer points on your everyday spends.

The only major downside is the high minimum credit limit of $15,000 compared to many Platinum-grade cards which usually begin at $6,000, which some people may find harder to qualify for if they already have several cards to their name.

Advanced frequent flyer users could also consider coupling the ANZ Frequent Flyer Black with a separate, high-earning American Express card (such as the AMEX Qantas Ultimate Card) to earn the most points where AMEX is accepted, and a respectable number of points where it's not, courtesy of ANZ.

Bank disclaimer: To apply for this credit card, you must:
-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.

Bank disclaimer: 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.

Chris Chamberlin

Chris Chamberlin is the Associate Editor of Executive 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!

mviy

mviy

05 May 2016

Total posts 527

Great card. The bonus SCs and sign up bonus points credit quickly.

Worth keeping for up to a year, but not worth paying the annual fee for the second year.

Joe

Joe

03 May 2013

Total posts 387

Chris the Veloce program is quite sub-par. It's not available in some major international airports and when it is in some cases its a cafe voucher from a basic menu and tea or coffee! Nothing as exciting as it may read in your article. ANZ's past lounge access with Black cards was far superior.

Chris Chamberlin

Chris Chamberlin

24 Apr 2012

Total posts 2951

It's certainly not on-par with something like Priority Pass, but Veloce maintains an online directory of lounges which can be accessed by ANZ cardholders so that you know what to expect at each airport. Advantage is that you can be flying with any airline and have access - disadvantage is that as the lounges are all independently run, the standards can differ significantly between them.

Steve987

Steve987

23 Feb 2015

Total posts 255

List is regularly out of date. Bali lounge was listed as available for 12+ months after the agreement with the lounge expired

Fonga

Fonga

12 Feb 2014

Total posts 228

Make sure you apply online to avoid the annual fee. I joined up by ringing through an application and was charged the full fee. 10 calls later they reduced it by $200. Same if you apply for the card in a branch. They don't warn you of this.

romaau

romaau

20 Feb 2012

Total posts 66

I applied at a branch and the staff member was able to select the no annual fee offer. Just make sure you ask for it though.

devilish

devilish

06 Jan 2015

Total posts 71

Please correct me if I am wrong but I don't think this card allows lounge access in Auckland or Singapore? If it indeed does could someone please tell me which lounge can be used. Thanks.

Chris Chamberlin

Chris Chamberlin

24 Apr 2012

Total posts 2951

Hi devilish, the most recent 'lounge list' we'd received from ANZ indicated that the Emperor Lounge in Auckland and the Airport Wellness Oasis lounge in Singapore were available to Black cardholders, but it seems that these no longer appear in the online Veloce lounge directory, so we've updated our article accordingly with other examples of lounge locations relevant to Aussie travellers based on the latest listings, including Tokyo, Abu Dhabi, Doha, Dubai, London, New York and Johannesburg, among others. Thanks for flagging!

devilish

devilish

06 Jan 2015

Total posts 71

Thanks for the follow up Chris.

Steve987

Steve987

23 Feb 2015

Total posts 255

"either as your sole points-earning plastic or to use in tandem with a higher-earning American Express card to maximise your points."


Are you sure?

Chris Chamberlin

Chris Chamberlin

24 Apr 2012

Total posts 2951

What's the question, Steve? Cardholders may choose to use only the ANZ Visa to earn all their credit card points, or could pair the product with a higher-earning AMEX card (e.g. Qantas AMEX Premium, Qantas AMEX Ultimate, Altitude Black AMEX) to earn the most points possible on their overall spend.

Steve987

Steve987

23 Feb 2015

Total posts 255

Isn't it he case that ANZ has stopped issuing and has also cancelled previously existing Black AMEX? Certainly was my experience.

Chris Chamberlin

Chris Chamberlin

24 Apr 2012

Total posts 2951

These aren't ANZ AMEX cards: they're issued by other banks, which people may choose to have in addition to the ANZ Visa.

Steve987

Steve987

23 Feb 2015

Total posts 255

Aha - gotcha! Non

greg hempsall

greg hempsall

26 Sep 2017

Total posts 1

Tried to use the Veloce lounge in Milano but no longer accept ANZ Black Visa!Spent 2 hours trying to access lounges in Dubai on a 4 hour transit!Told Veloce did not renew contract! Website for ANZ and Veloce still falsely claim access possible!Cannot trust the website so be careful

Joe

Joe

03 May 2013

Total posts 387

David you really need to revisit this article. The Veloce ‘lounge access benefits’ are simply a joke and with all due respect doesn’t deserve an article in ABT. It’s really all hype and no substance in reality. ANZ should be ashamed calling this a “benefit”.

Shazy

Shazy

01 Jul 2018

Total posts 2

Veluce is a bad joke.

11sjw

11sjw

11 Mar 2012

Total posts 293

Just cancelled this card today. It was a holdover from when it came with an AMEX and with an annual fee due in a few days there is no way this one was worth it. Will go with the QF AMEX and churn through a series of Visa/MC in the next year or so to get the sign up bonuses.

Shazy

Shazy

01 Jul 2018

Total posts 2

Unfortunately my experience with the ANZ cards is awful. They get you by offering you all the perks counting on you not to use them. With my Black card I have free access to lounges around the world via Veluce, I’ve visited 7 lounges in Asia in the last 6 months and none accepted it saying that the bank stopped the arrangement. When I rang ANZ in the spot they said that these deals are no longer in place. When I asked why do you keep advertising it, they answer policies and services change all the time. Simply put, stay away from empty ANZ c.cards promises.

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