Like most rewards credit cards, the Travel Adventures card has a high purchase rate of 20.24% but you'll get up to 55 days interest free if you pay your balance off in full each month. The cash advance rate is 21.74%.
ANZ Travel Adventures comes with a Visa card, and with each eligible purchase you'll earn rewards points, which you can redeem via the ANZ Rewards Program. Points are earned on a tiered system - which means you'll bag 1.5 points per $1 spent up to $20,000 per month, then 0.5 points per $1 afterwards. And don't forget, that if you spend at least $500 on eligible purchases within the first 3 months of being approved for your card, you'll receive 40,000 bonus Velocity Points.
Every year you hold the card you will get a free domestic return flight and two Virgin Australia lounge passes. The complimentary flight needs to be redeemed at least 60 days in advance and is subject to availability. The lounge passes are redeemed via ANZ rewards, but don't leave it up to the last minute as they can take up to 4 weeks to arrive.
If you are a frequent international traveller or online shopper, one of the other major perks of the Travel Adventures Card is that you won't pay overseas transaction fees on purchases. Most credit cards have around a 3% fee for overseas transactions so not paying this fee this means more travel dollars for you.
The credit card also comes with a range of complimentary insurances from international travel and medical insurance (as long as you have purchases a minimum of $250 of your pre-booked transport costs prior to commencing your trip), extended warranty, purchase protection and rental car excess cover.
There is a $6000 minimum credit limit on the card, but you can have up to 9 additional card holders. Just be sure to automate payments or you could be up for a $20 late payment fee as well as interest charged at 20.24% p.a.
Who it's good for:
Adventurers young and old, who are looking for a credit card that delivers top benefits everyday as well as when they travel.
Existing ANZ customers can also apply for the card in addition to their existing card or request an inter product transfer.
The minimum income to be eligible for the Travel Adventures credit card is $35,000.
To access the free flight and lounge passes, you will need to spend $500 on the card in the first three months so be sure to meet the spend requirement otherwise you'll be giving up these top travel perks annually for the life of the card.