ANZ Frequent Flyer Black

ANZ Frequent Flyer Black Review

Rates and fees information correct as at 16 July 2018.

Review published: 4 June 2014

What's hot:

Mozo Experts Choice award 2017
2 Qantas Club Lounge visits each year
75,000 bonus Qantas Points + $200 cashback

What's not:

$425 annual fee
21.49% cash advance fee

Mozo snapshot:

Frequent flyer junkies have met their match with 2017 Mozo Experts Choice winning Frequent Flyer Black credit card from ANZ! You can earn 1 point per $1 for the first $7,500 you spend in a month. Plus, you'll get 1 additional Qantas Point per $1 spent on selected Qantas products and services in Australia and a bonus 75,000 Qantas Points and $200 cashback after you've made your first eligible purchases within the first three months. The Qantas Points never expire and are uncapped, so store them away for a rainy day!

Key features:

The ANZ Frequent Flyer Black comes with a mammoth $425 annual fee. Thankfully that's balanced by some eye-catching inclusions for the frequent flyer and big spender. You can save up to $475 in your first year of Qantas Club membership using your Frequent Flyer Black card to purchase Qantas Club membership.

For the first $7,500 you spend each month, you'll earn 1 point for every $1 you spend, but keep in mind that after you hit that spending limit, you'll only earn 0.5 points per $1 for the rest of the month.

You'll get 2 la-di-da Qantas Club Lounge visits each year and unlimited access to participating airport lounges outside Australia, perfect for when you just want to kick back and relax after a long flight. There's also plenty of premium features - including overseas travel and medical insurance and personal concierge. In fact, the ANZ Frequent Flyer Black card picked up 2017 Mozo Experts Choice Award for its complimentary insurance offers.

Shopaholics can rest easy with a 12 month extended warranty for most major purchases. You also get 90-day purchase security insurance against theft, loss and accidental damage on most purchases. Bargain hunters, let's not forget the best price guarantee scheme helping you to hunt down the best price on your purchases made in Australia.

You'll also get awesome Visa entertainment options, providing you with access to special events, exclusive merchandise packages and home entertainment products.

Keep in mind, this is for someone who pays off their credit card in full each month due to the high 19.99% standard interest rate but you do get 55 interest free days. And if you make purchases overseas you'll have to pay the 3% foreign exchange margin.

Who it's good for:

There's a few things you need to tick of the list to be eligible for the ANZ Frequent Flyer Black, such as you must be over 18, earn over $75,000 and an Australian resident, Australian/New Zealand citizen or have a valid Australian work visa. But primarily you have to love jet-setting or shopping...or both!

Any catches?

While you have the flexibility to add up to 9 additional ANZ Frequent Flyer Black credit cardholders to your account - Uncle Bob and Aunty Fanny are sure to love - there's an additional $65 card fee.

Product Type	Overall Rating	Price	Features	Service	Convenience	Trust
ANZ credit cards	6.9 Based on 1932 ANZ credit cards reviews	5.9	6.1	7.0	7.5	7.2

Product Type

Overall Rating

Price

Features

Service

Convenience

Reliable and fix any problems immediately

Full review

Reliable and fix any problems immediately

Price 7 / 10

Features 8 / 10

Customer service 9 / 10

Convenience 9 / 10

Trust 9 / 10

Less

Robert (VIC), reviewed over 2 years ago

Mozo may receive a payment from financial providers listed on the site. Customer reviews are in no way affected by any commercial relationships Mozo has with providers. Reviewers may receive a voucher from Mozo in exchange for their review. Vouchers are given to all reviewers who meet our review guidelines regardless of the sentiment of their reviews.

Revealing rewards

How do we do it?

To work out the "Rewards value minus fees" in our Rewards Revealer we:

calculate how many points you'd get each year,

figure out how many flights or gift cards or cashback credits you could get for those points,

work out what that's actually worth to you,

take off the annual fee you'd pay.

More details:

Our calculations are designed to help you compare the value of different rewards schemes. To do this, we've looked at earning a one-way Sydney-Melbourne flight excluding taxes and charges, a return Sydney-London flight excluding taxes and charges, a $100 shopping Gift Card and $100 cashback. Most cards will also offer other rewards, which may be worth more or less than the ones we've shown.

We have made no allowance for bonus points for using your card at specific merchants, introductory offers or special offers. We have not assigned any value to instant discounts, insurances, ticketing and concierge services or other such benefits.

Rewards value calculations do not take credit card interest into account. If you do not pay off your card each month you may be better off looking for a card based on interest rates than on the value of rewards.

In products that have more than one card, a different mix of spend between American Express / Visa / Mastercard will give different results. Mozo's Rewards Revealer lets you choose the mix based on the way you would use such a product, and gives you tailored results.

We assume flights purchased with airline points are 'classic' or 'reward' economy seats with restricted seat availability. 'Any seat' rewards will probably cost more.

To compare the value of flight rewards, we sample online retail flight prices once a quarter based on the average price on a Wednesday 3 months in advance but outside NSW school holidays. For domestic flights we take the lowest available fare from each flight on that day from Qantas Red e-deal, Virgin Australia Saver including baggage and Jetstar Starter including baggage. We calculate the average price excluding taxes and surcharges for each airline, and also the average across all airlines (which we use when rewards are travel agent vouchers). For international flights, we take the lowest available fares on that same Wednesday from each of Qantas, Emirates, Malaysian, Etihad, Singapore, Cathay Pacific and Thai, assuming a return flight 2 weeks later, calculate the average price before taxes and surcharges and use this as our assumed cost of a flight on any airline.

Shopping rewards are based on $100 gift cards from a major national department store.

We make every effort to ensure our calculations are correct and up to date but make no guarantees.

Rewards scheme

Points are automatically credited to the Qantas Frequent Flyer program.
All rewards are redeemed via Qantas Frequent Flyer.
Bonus points earned at a range of bonus partners including Qantas.
2 complimentary Qantas Club Lounge invitations each year. Save up to $475 in your first year of Qantas Club membership using your Frequent Flyer Black card to purchase Qantas Club membership.

Privileges

Concierge
Travel Insurance
Extended Warranty
Purchase Protection
Rental Car Excess Cover
Guaranteed Pricing

Special offers

Receive 75,000 bonus Qantas Points and $200 back when you make one eligible purchase in the first 3 months.

Value of rewards points

Earn $100 gift card reward
Need to spend $16,160 (Visa)
Earn Flight: Sydney-Melbourne reward
Need to spend $8,000 (Visa)
Earn Flight: Sydney-London reward
Need to spend $150,000 (Visa)
Points are capped?
Uncapped
Points expire?
Never

Details behind our 'value of rewards' calculations

Points earning
1 point per dollar on Visa, up to $7,500 per month, then
0.5 points per dollar on Visa, uncapped
$100 gift card
16160 points buys a Myer $100 Gift Card
Flight: Sydney-Melbourne
8000 points buys a Qantas Sydney-Melbourne flight
Flight: Sydney-London
120000 points buys a Qantas Sydney-London flight

* How did we do it? Find out...

Rates

Purchase rate
19.99% p.a.
Intro purchase rate
none
Balance transfer rate
No current offer
Balance transfer revert to cash
none
Cash advance rate
21.49% p.a.
Interest free days
55

Fees

Annual card fee
$425.00
Introductory annual fee
none
Annual fee spend threshold
none
Reward program fee
$0.00
Late payment fee
$20.00
Cash advance fee
2%
Foreign exchange margin
3.00%
Duplicate statement fee
$0.00
Transaction verification fee
$0.00
Additional card fee
$65.00

Other financial bits

Minimum repayment amount
$25.00
Minimum repayment percent
2.0

Features

Additional cardholders
9
Other restrictions
none
Other benefits
$200 back to your card after your first eligible purchase in the first 3 months.

About ANZ

ANZ is one of the largest companies in Australia and New Zealand, with a history that stretches back over 170 years. The bank offers a range of banking and financial products to more than 5.7 million retail customers, including home loans, credit cards and debit cards, personal loans, savings and banking accounts and personal insurance. And now, with its new mobile banking application, ANZ App, it's easier to do banking on the go.