Reviews

Review: ANZ Rewards Travel Adventures credit card

By Chris Chamberlin, July 26 2018
ANZ Rewards Travel Adventures credit card
Notes
The Good
  • No international transaction fees
  • Two yearly Virgin Australia lounge visits
  • 75,000 bonus Velocity Points for eligible new customers
The Bad
  • Earning rate reduces after spending $2,000/month
Added Value
  • A complimentary return economy domestic flight operated by Virgin Australia, each year until the card is cancelled

Introduction

Packaging a free domestic return flight every year, two yearly airport lounge visits and no international transaction fees on purchases, there's a lot to like about the ANZ Rewards Travel Adventures credit card.

Added to that, take off with 75,000 bonus Velocity Points if you spend $2,500 on eligible purchases in the first three months of approval.

However, with points tiering kicking in after spending $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 spends.

Under that strategy, the $2,000 tiering threshold becomes less of an issue, and while the ANZ card 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
  • Supported mobile wallets: Apple Pay, Google Pay, Samsung Pay, Fitbit Pay, Garmin Pay

Fees, charges and interest:

  • 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: 20.24% p.a.
  • International transaction fee: None
  • Minimum income requirement: None defined
  • Minimum credit limit: $6,000

Earning points and free flights:

On the surface, the ANZ Rewards Travel Adventures Card earns the same number of points per dollar spent as the ANZ Rewards Platinum Card, yet with a higher ongoing annual fee of $225 versus $95 on the Rewards Platinum card – so what's the difference?

By paying the extra $130 per year, you'll receive a complimentary return economy domestic flight operated by Virgin Australia, each year until the card is cancelled (if you spend $500 on purchases in the first 3 months from approval), 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.

There's also an offer of 75,000 bonus Velocity Points if you spend $2,500 on eligible purchases in the first three months of approval.

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.

As an ANZ Rewards member, you'll also gain access to the bank's ANZ Rewards Bonus Points Mall, whereby you can earn up to 10 bonus ANZ reward points per dollar spent at participating businesses when clicking through to that business via the ANZ website – and that's in addition to the standard number of points your card earns on everyday spend.

For example, shop at a business offering 10 bonus ANZ reward points per dollar spent, and you could earn that bonus plus either 1.5 ANZ points (for monthly spend under $2,000) or 0.5 ANZ points (for monthly spend >$2,000), for an all-out total of 10.5-11.5 ANZ points per dollar spent, worth 5.25-5.75 Velocity points via the 2:1 conversion from ANZ Rewards.

Complimentary insurance cover:

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 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.

Airport lounge access:

Relax in Virgin Australia's domestic airport lounges with complimentary access twice per year when flying onward on a Virgin Australia domestic flight. You can call ANZ to request your first lounge passes 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 Card probably wouldn't be your first and only 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.

You can apply for the ANZ Rewards Travel Adventures Card here.

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: New card. Limited time. Spend and eligibility criteria, T&Cs, fees and charges apply (including annual fee currently $225).

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!

HughA

HughA

Qantas - Qantas Frequent Flyer

14 Nov 2013

Total posts 8

This card is my overseas card. Not paying the international transaction fee more than compensated for any loss in points. Also, for shopping in Australia, the bonus point mall is the best I have seen of any card. Finally, transfer points when you get a 15% bonus. Add it all up and the card, as a second card, is brill

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