ANZ Frequent Flyer Black

19.99% p.a.

No current offer

$425 $0 in the first 1 year

ANZ Frequent Flyer Black Review

Rates and fees information correct as at 16 December 2017.

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 plus 75 bonus Status Credits

  • No annual fee for the first year

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 after you've made $2,500 worth of eligible purchases within the first three months. The Qantas Points never expire and are uncapped, so store them away for a rainy day! On top of that, you can earn 75 bonus Status Credits if you buy and fly return with Qantas by 31 May 2018.

Key features:

The ANZ Frequent Flyer Black comes with a mammoth $425 annual fee (wiped for the first year). 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.

How are ANZ credit cards rated by the Mozo community?

Product Type Overall Rating Price Features Service Convenience Trust
6.9

Based on 1932
ANZ credit cards reviews

5.9 6.1 7.0 7.5 7.2

Read ANZ credit card reviews by the Mozo community

Latest reviews of ANZ Frequent Flyer Black

ANZ

ANZ Frequent Flyer Black credit card review

Overall rating   3 / 10

Unless your a big player, they are not interested

Unless you're a big player, they are not interested Customer service was rude too

Full review

Unless you're a big player, they are not interested Customer service was rude too

    Price   5 / 10

    Features   5 / 10

    Customer service   2 / 10

    Convenience   2 / 10

    Trust   1 / 10

Less

Candace (QLD), reviewed over 1 year ago

ANZ

ANZ Frequent Flyer Black credit card review

Overall rating   8 / 10

Nice points, expensive spend

Expensive initial spend limit but great offer on Qantas points

Full review

Expensive initial spend limit but great offer on Qantas points

    Price   6 / 10

    Features   8 / 10

    Customer service   8 / 10

    Convenience   9 / 10

    Trust   10 / 10

Less

Matt (NSW), reviewed almost 2 years ago

ANZ

ANZ Frequent Flyer Black credit card review

Overall rating   9 / 10

Great customer service

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 almost 2 years ago

ANZ

ANZ Frequent Flyer Black credit card review

Overall rating   10 / 10

Makes you feel valued

It's great. Great perks!

Full review

It's great. Great perks!

    Price   5 / 10

    Features   10 / 10

    Customer service   10 / 10

    Convenience   10 / 10

    Trust   10 / 10

Less

Kathryn (VIC), reviewed almost 2 years ago

ANZ

ANZ Frequent Flyer Black credit card review

Overall rating   8 / 10

Easy-to-use site

Always received great in-branch or telephone service when I have needed it. They also honoured any errors

Full review

Always received great in-branch or telephone service when I have needed it. They also honoured any errors

    Price   6 / 10

    Features   7 / 10

    Customer service   8 / 10

    Convenience   8 / 10

    Trust   8 / 10

Less

Suzanne (TAS), reviewed about 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 when you spend $2,500 on eligible purchases within the first 3 months. Earn 75 bonus Status Credits when you buy and fly return with Qantas by 31 May 2018.

Value of rewards points

  • Need to spend $16,160 (Visa)

  • Need to spend $8,000 (Visa)

  • Need to spend $150,000 (Visa)

  • Uncapped

  • Never

Details behind our 'value of rewards' calculations

  • 1 point per dollar on Visa, up to $7,500 per month, then
    0.5 points per dollar on Visa, uncapped

  • 16160 points buys a Myer $100 Gift Card

  • 8000 points buys a Qantas Sydney-Melbourne flight

  • 120000 points buys a Qantas Sydney-London flight

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

Rates

  • 19.99% p.a.

  • none

  • No current offer

  • none

  • 21.49% p.a.

  • 55

Fees

  • $425.00

  • $0 in the first 1 year

  • none

  • $0.00

  • $20.00

  • 2%

  • 3.00%

  • $0.00

  • $0.00

  • $65.00

Other financial bits

  • $25.00

  • 2.0

Features

  • 9

  • none

  • 75 Bonus Status Credits when you buy and fly return with Qantas by 31 May 2018

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 goMoney, it's easier to do banking on the go.

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