ANZ Rewards Travel Adventures Card

20.24% p.a.

$225

ANZ Rewards Travel Adventures Card Review

Rates and fees information correct as at 23 October 2017.

Review published: 20 June 2016

What's hot:

  • Complimentary domestic return flight annually

  • No fee on international transactions

  • 40,000 Velocity Points (if you spend $500 on eligible purchases in first 3 months of approval)

  • Two Virgin Australia lounge passes each year

What's not:

  • 20.24% purchase rate

Mozo snapshot:

If you are looking for a rewards credit card that helps you enjoy travel benefits now and into the future then the ANZ Rewards Travel Adventures card - multiple Mozo Experts Choice Travel Money Awards winner - could be a top travel companion. At first glance, the $225 annual fee sounds steep, but when you consider that you get a free domestic flight annually, complimentary international travel insurance, two lounge passes for Virgin Australia each year and you won't pay any fees on international purchases, it's a bargain. Plus you also earn rewards points for every dollar of eligible purchases which you can put towards a range of travel and shopping rewards via the ANZ Rewards program.

Key features:

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. 

Any catches?

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.

The Mozo community has not yet rated ANZ for this credit card.

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

  • 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 40,000 bonus Velocity Points when you spend $500 on eligible purchases within the first 3 months of approval, conditions apply.
  • One complimentary return domestic flight each year with Virgin Australia and 2 complimentary single entry Virgin Australia lounge passes each year available when $500 spent on eligible purchases in the first 3 months.

Privileges

  • Concierge
  • Travel Insurance
  • Extended Warranty
  • Purchase Protection
  • Rental Car Excess Cover

Value of rewards points

  • Need to spend $16,667 (Visa)

  • Need to spend $14,817 (Visa)

  • Need to spend $10,400 (Visa)

  • Need to spend $430,400 (Visa)

  • Uncapped

  • 36 months

Details behind our 'value of rewards' calculations

  • 1.5 points per dollar on Visa, up to $2,000 per month, then
    0.5 points per dollar on Visa, uncapped

  • 25000 points buys a $100 credit

  • 22225 points buys a Myer $100 Gift Card

  • 1 points buys 0.5 Velocity Points; 7800 Velocity Points buys a Virgin Australia Syd-Mel flight

  • 1 points buys 0.5 Velocity Points; 119600 Velocity Points buys a Velocity partner London flight

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

Rates

  • 20.24% p.a.

  • none

  • none

  • none

  • 21.74% p.a.

  • 55

Fees

  • $225.00

  • none

  • none

  • $0.00

  • $20.00

  • 0%

  • 0%

  • $0.00

  • $0.00

  • $65.00

Other financial bits

  • $25.00

  • 2.0

Features

  • 9

  • none

  • none

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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