ANZ Rewards Black

18.79% p.a.

No current offer

$375

ANZ Rewards

ANZ Rewards Black

18.79% p.a.

No current offer

$375

ANZ Rewards

Mozo Review   ANZ Rewards Black Review

Last updated: 6 June 2018.

What's hot:
  • ANZ's highest rewards earn rates

  • 2017 Mozo Experts Choice Award

  • 75,000 Rewards Points and $100 cashback when you make a purchase in the first 3 months

What's not:
  • $375 ongoing annual fee

Mozo snapshot:

If you're after a slick addition to your wallet, the new 2017 Mozo Experts Choice winning Rewards Black credit card from ANZ could be worth considering. It comes with ANZ's highest rewards earn rates (2 points per $1 up to $5,000 a month, then 1 point per $1 afterward), and complimentary comprehensive overseas travel insurance. There's also 75,000 bonus Rewards Points and $100 cashback up for grabs after you make your first eligible purchase in the first 3 months.

Key features:

You will be on your way to rewards goodness faster with an ANZ Rewards Black card in your wallet. You can bag 2 points for every $1 spent, up to the first $5,000 spent each month, then 1 point on every $1 spent after that.

The standard interest rate of the Rewards Black card is 18.79% p.a. but if you pay off your balance in full each month you will get up to 55 days interest free.

The annual fee is a steep $375, so you'll need to make sure you are getting value from the card's added extras such as the overseas travel insurance, unlimited access to participating airport lounges, personal concierge, rental car excess cover, and the Visa Entertainment program.

As far as the rest of the rewards program goes, the ANZ Rewards Black offers you the most flexibility. You can choose to use your points to redeem flights, shopping rewards or cash back. Plus, after your first eligible purchase within 3 months of getting the card and you'll also score 75,000 Rewards Points and $100 cashback - not too shabby!

The insurances that come standard with the card are second to none, and include extended warranty, 90 day purchase security and best price guarantee - which is why it was award a 2017 Mozo Experts Choice Award for Credit Card Complimentary Insurances. You can also use Visa payWave for purchases under $100. 

If you are using the ANZ Rewards Black overseas, keep in mind there is a 3% foreign exchange margin.

Keep in mind, eligibility criteria, T&Cs, fees and charges apply.
Who it's good for:

The ANZ Black is a good rewards card anyone over 18 years of age with a good credit rating who will regularly use the Card's 'complimentary extras' and pay off their balance in full each month. You'll also need to earn a minimum of $75,000 a year to get the card.

Any catches?

Rewards points are tiered so you'll earn less after the first $5,000 spend - and they do expire after 36 months. So unless you are spending lots of money on the card each month, be careful storing your points for that free flight to London or they could expire before you get to take off.

Rewards program details

Rates and fees information correct as at 22 August 2018.

What your points get you

Fly Sydney to London

239,200 points

Fly Sydney to Melbourne

15,600 points

$100 Giftcard

22,225 points

$100 Cash

25,000 points

Points earning

2 points per dollar on Visa, up to $5,000 per month, then
1 point per dollar on Visa, uncapped

Rewards scheme

Transfer points to a range of airline programs or redeem your points for travel, gift cards, retail rewards and shopping gift cards.

You can get flights via Velocity, Air New Zealand or KrisFlyer.

Earn bonus points at over 30 bonus partners.

Special offers

Receive 75,000 bonus Reward Points and $100 back when you make one eligible purchase in the first 3 months.

Value of rewards points

Spend $12,500 (Visa)

Spend $11,113 (Visa)

Spend $7,800 (Visa)

Spend $179,200 (Visa)

Uncapped

36 months

How do we calculate the rewards?

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.

Close

Rate and fee details

Rates
  • 18.79% p.a.

  • none

  • No current offer

  • none

  • 20.99% p.a.

  • 55

Fees
  • $375.00

  • none

  • none

  • $0.00

  • $20.00

  • 2%

  • 3.00%

  • $0.00

  • $0.00

  • $65.00

Features
  • $25.00

  • 2.0

  • 9

  • none

Payment options

Apple Pay
Google Pay
Samsung Pay
Garmin
Fitbit

Rewards privileges

Concierge,
Travel Insurance,
Commission-free Travellers Cheques,
Extended Warranty,
Purchase Protection,
Rental Car Excess Cover,
Guaranteed Pricing

Other benefits

$100 back to your card after your first eligible purchase in the first 3 months.

Customer Reviews

How are ANZ credit cards rated by the Mozo community?

Overall customer rating
6.9/10

Based on 1932 ANZ credit card reviews

Price
5.9/10
Features
6.1/10
Customer service
7.0/10
Convenience
7.5/10
Trust
7.2/10

Latest reviews of ANZ Rewards Black

  • Overall
    5/10
    Great sign up bonus, lousy stay on incentive

    The Rewards Black card has a great signing up promotion where approved card holders are given...

    The Rewards Black card has a great signing up promotion where approved card holders are given reward points equivalent to $350 and the first year annual fee is waived. However, as with most credit cards, existing customers are typically neglected and any new promotions do not apply to existing customers. This is a shame since ANZ has spent much money on recruiting new customers and I think some effort should be taken to retain existing customers, especially those who have been using the ANZ credit cards extensively.

    Price
    2/10
    Features
    9/10
    Customer service
    10/10
    Convenience
    10/10
    Trust
    9/10

    Siew | NSW

    14 May 2015

  • Overall
    9/10
    High value, great returns!

    The best part of this bank is they give away so many things like free 50,000 points, free 1 year...

    The best part of this bank is they give away so many things like free 50,000 points, free 1 year fee, lounge access all over the world, complimentary travel insurance (very good one) what else would you want when getting your credit card, I highly recommend ANZ Black credit card.

    Price
    7/10
    Features
    10/10
    Customer service
    10/10
    Convenience
    10/10
    Trust
    10/10

    Mridul | VIC

    08 May 2015

  • Overall
    9/10
    Great customer service and rewards program

    ANZ staff offer great service whenever you have a query. They are helpful and knowledgeable.

    ANZ staff offer great service whenever you have a query. They are helpful and knowledgeable.

    Price
    7/10
    Features
    9/10
    Customer service
    10/10
    Convenience
    10/10
    Trust
    10/10

    Anna | NSW

    01 Aug 2014

  • Overall
    9/10
    Way ahead of the competition

    What I like about this is that I am a traveler and this bank allows me to use my money wherever I...

    What I like about this is that I am a traveler and this bank allows me to use my money wherever I go, on the go. Their rewards point system allows me to use the full benefits of having an account. I completely trust ANZ to keep my money secure.

    Price
    8/10
    Features
    7/10
    Customer service
    7/10
    Convenience
    8/10
    Trust
    9/10

    Matthew | NSW

    30 Jun 2014

ANZ

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.

See ANZ credit cards