ANZ Frequent Flyer Black Credit Card | Review & Apply

ANZ Frequent Flyer Black Credit Card

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Card features
Rewards program
Earn rate
Sign up bonus
Points earned
ANZ Frequent Flyer Black Credit Card
Receive 120,000 bonus Qantas points and $275 back with your new ANZ Rewards Black card (terms and conditions apply).
Earn 1 Qantas Point per $1 spent on eligible purchases up to $7,500 per statement period.
Get complimentary International Travel Insurance (eligibility criteria apply) provided by Allianz Insurance.
Add to comparison
Qantas Frequent Flyer
Qantas Frequent Flyer
1 pt
per $1 spent
up to $7,500
then 0.5 pts
Above $7,500
More info
after spend criteria

Pros & cons

What's good?

What's not so good?

Receive 120,000 bonus Qantas points and $275 back when you spend $4,000 on eligible purchases in the first 3 months from approvala.
Earn 1 Qantas Point per $1 spent on eligible purchases up to $7,500 per statement period.
Earn 1 additional point per $1 spent on selected Qantas products and services in Australia.
Save $99.50 with its Complimentary Qantas Frequent Flyer membership offer (new members only).
Relax in luxury while you wait for departure with two Qantas Club lounge access invitations per year.
A range of complimentary insurances for travel and purchase.
Google Pay™, Samsung Pay™ and Apple Pay let you use your compatible Android or Apple device to tap and pay.
0.5 Qantas Points per $1 spent on eligible purchases above $7,500 per statement period.

a New card. T&Cs, spend & eligibility criteria, fees & charges apply (including annual fee currently $425).

Disclaimer (2): Reviews rely upon third party information that may not be correct or may be changed without Credit Card Compare’s knowledge. You must carefully consider your own circumstances before making any commitments and confirm all offers and terms with credit card providers before accepting them. Please refer to our T&Cs for more.

Our review

Our review of the ANZ Frequent Flyer Black Credit CardReviewed by Yvonne Taylor

Got your specs handy? The ANZ Frequent Flyer Black Credit Card comes with Qantas Frequent Flyer points (a sign-up bonus and ongoing points earning) and the extensive suite of member benefits you’d expect from a prestige black card with a mammoth annual fee, but you’ll need to be all over the small print to make sure you extract the maximum advantage for the extra dollars you pay.

High annual fee, but it could be worth it

The annual fee has two components, the $370 card fee and the $55 rewards scheme fee, adding up to $425 per year. For each extra cardholder, add a further $65 ($10+$55). It’s pricey to say the least, but justifiable if you can spend enough each year to score, say, a business class return from Sydney to Melbourne – 32,000 points, requiring a $32,000 spend and saving you at least $1,233 (excluding any additional charges).

And the annual fee will seem insignificant in the first year when it is wiped out by sign-up benefits.

Uncapped points earning

The Qantas Frequent Flyer points earning rate is as high as it gets currently for a Visa card. As well, although there’s a points threshold, beyond which the earning rate decreases, there’s no overall points cap. It’s ANZ’s most rewarding Qantas Frequent Flyer card.

The earning rate is:

  • 1.0 Qantas Frequent Flyer point per dollar, up to $7,500 per statement period
  • 0.5 points per dollar, above $7,500 per statement period

That $7,500 threshold is probably not going to be a problem for most cardholders in most months, so it’s likely that the vast majority of card spending will earn 1.0 points per dollar.

Sign-up bonus points plus generous cashback

ANZ will welcome you as a new credit card customer with:

  • A substantial 120,000 Qantas Frequent Flyer bonus points provided you can spend $4,000 on eligible purchases during the first three months of holding the card. That’s well on the way to enough points for a return economy flight to Europe or New York (120,000 points).
  • A generous $275 back for making that same $4,000 worth of purchases in the first three months. (Small print alert. You won’t get the bonus points or money back to your card if you already have, or have had within the last 12 months, any kind of ANZ Frequent Flyer credit card.)
  • Qantas Frequent Flyer joining fee paid by ANZ if you’re not already a member, saving you $99.50.

Ongoing benefits

The benefits aren’t confined to the first year. You’ll get these additional complimentary privileges for holding the card, every year:

  • Two Qantas Club lounge single-entry passes per year. You can use the worldwide Qantas lounge facilities twice each year (or extend the privilege to a friend if you’re already a member) with these complimentary passes. (Small print alert. You need to be on a Qantas or Jetstar flight in order to use the pass, and you must order it four weeks in advance and wait for it to arrive by mail.)
  • Top-of-the-range Allianz multi-trip international travel insurance, covering medical expenses, theft, loss and damage of property, rental vehicle excess in Australia insurance and more. ANZ says you can save up to $775, and it’s certainly true that even a basic policy could cost $450. (Small print alert. You must use the card for at least $250 of each person’s trip’s cost to activate the insurance cover, but that’s a low amount compared with some other cards.)
  • Interstate flight inconvenience cover for flight delay, luggage delay, personal property cover, rental vehicle excess in Australia insurance.
  • Transit accident cover, providing cash compensation for serious accidents sustained on public transport.
  • Extended warranty insurance doubles the manufacturer’s Australian warranty, up to 12 additional months.
  • Purchase protection insurance provides purchases protection insurance against loss, damage and theft.
  • Guaranteed pricing scheme – price difference refunded if you find items (purchased with the card) cheaper elsewhere within 21 days.
  • Personal concierge service. Anyone contemplating a black credit card might well find value in the complimentary concierge service for assistance with travel, entertainment and restaurant recommendations and bookings, worldwide.
  • Up to 55 interest-free days on purchases every month provided you don’t have any debt on your card which has passed the payment due date.
  • Exclusives by ANZ Invitation-only upmarket entertainment, food and lifestyle experiences.
  • Tap and pay using your eligible Android or Apple device via Google Pay, Samsung Pay or Apple Pay.

The downsides

There’s no getting around the steep annual fee, the high ongoing purchase and cash advance interest rate of 20.24% p.a., but holders of black cards don’t usually plan to take cash advances or rack up interest-bearing credit card debt.

You also have to be sure that you want Qantas Frequent Flyer points, because there are no options to earn, or transfer to, any other type of reward or airline points.

Competing cards

If you find the $425 annual fee too much to swallow, consider the ANZ Frequent Flyer Platinum Card instead, with a lower annual fee but also lower points earning rate. NAB, Westpac, St.George, Bankwest, Citi, Commonwealth, American Express, HSBC, Qantas Money, Bendigo Bank and Woolworths also offer cards directly linked to Qantas points. You can check them out on our Qantas cards page.

This card is meant for . . .

. . . Qantas Frequent Flyer points collectors who prefer the global acceptance of a Visa card, in contrast to the lower acceptance rate and higher surcharges attracted by an American Express card. The substantial bonus points and cashback make the card particularly attractive in the first year, while regular travellers are likely to consider that the lounge passes and complimentary insurance more than offset the annual fee in subsequent years.

Disclaimer: Reviews rely upon third party information that may not be correct or may be changed without Credit Card Compare’s knowledge. You must carefully consider your own circumstances before making any commitments and confirm all offers and terms with credit card providers before accepting them. Please refer to our T&Cs for more.

User reviews

3.6 out of 5.0 based on 14 reviews79% of reviewers would recommend this card

Rates and fees
Customer service

Reviews from users

Great card, but is it worth it?

Reviewed and not recommended by Sacha on 08 Dec 2016

I signed up for this card primarily for the bonus frequent flyer points offer, and also the high ongoing frequent flyer points earning. The first year’s fee was waived, and thankfully, because it’s $425 per annum and the interest rate is high. That’s when you have to question whether you will earn enough points to offset the fee, and frankly I’m not sure paying that much in fees is worth the earn rate. There aren’t many other benefits that will result in me retaining the card beyond the 12 month mark.

I have had two major interactions with ANZ customer service regarding the card, and both have been fantastic. ANZ also have Apple Pay, which is a bonus.

Overall, I do not believe the card is worth the annual fee.

Points earned are better then other credit cards

Reviewed and recommended by Esther on 27 Sep 2016

I cancelled CBA Platinum credit card as this one was miles ahead with points per dollar, and the extra benefits such as being able to go into the Qantas lounge, etc, are excellent. The insurance is better and many other options are given.

The only downside is that, after the first year being free, the annual fee is crazy, so we plan to leave before getting stung, unless we can get this waived.

Ignored notification that I was travelling

Reviewed and not recommended by Joe on 25 Sep 2016

I am unimpressed with the recent poor service from ANZ while I was overseas recently in the US. I notified ANZ of my trip prior to leaving. However, they blocked my card on two occasions due to not realising I was overseas at the time, even though I had told them. I called using my mobile phone, which incurred roaming costs which they refused to reimburse. I have taken steps to cancel this card and never bank with them again.

Love the points for everyday spending

Reviewed and recommended by Rosie on 20 Sep 2016

I’ve earned a few free flights out of using our credit card for everyday spending. We put all of our spending on the card, then put our pay straight on it to avoid paying interest. It works a treat!

It’s a little annoying that you earn the main points using AmEx since not many places take it without surcharge, so if you aren’t careful it could end up costing lots more than it’s worth.

Happy with the card

Reviewed and recommended by Samantha on 13 Jul 2016

Good card. You receive 2 cards (both a Visa and American Express), which means it is accepted at most places. Fees are a little, but there’s good points earning for Qantas Frequent Flyer. I would recommend. Overall, I am very happy.

Premium rewards credit card

Reviewed and recommended by Bikram on 03 Jul 2016

ANZ Black Frequent Flyer is a premium credit card suited mostly for frequent air travellers with air lounge passes and travel insurance included. The card also comes with 75,000 worth of Qantas Frequent Flyer points, which is equivalent to around $750 in gift cards.

Love the points for every day spending

Reviewed and recommended by Rhonda on 01 Jul 2016

I quite like earning frequent flyer points for everyday spending, although the annual fee is pretty high so you really have to use it lots for the points to be worthwhile. The AmEx companion card gets more points, but I often find there’s a surcharge for using it or it isn’t accepted. The Visa doesn’t give many points at all.

A good middle of the road card

Reviewed and recommended by Geraldine on 01 Jul 2016

I’ve had this card for years and during that time it has changed from blue to gold to platinum to black. There may be better deals around, but I can’t be bothered to keep changing and I’m happy with this one.

I don’t really keep track of my frequent flyer points, so it is always a delight—like in November—when I can go and see a friend in Melbourne and fly more or less for free.

ANZ is solid and reliable—as much as any bank anyway—at one stage they told me about weird activity on my card in Europe and quickly replaced it.

I get a lot of frequent flyer points

Reviewed and recommended by Drew on 01 Jul 2016

I have this card purely for the Qantas Frequent Flyer points. It’s expensive, yes, but I feel the benefits outweigh the cost at this stage. The main reason I first got attracted and ended up choosing this card was for the 75,000 bonus points that were on offer. Also there are other benefits like free entry into airline lounges—domestically and internationally—and having no annual fee in the first year.

I am happy with this card at this stage.

Great service, rewards and sign up offer

Reviewed and recommended by Tim on 26 Jun 2016

I signed up for 75,000 sign up bonus QFF points with the first year’s annual fee waived and have already claimed the annual set of complimentary lounge passes. I found the application and service excellent and very streamlined.

The annual fee is very expensive, but you need to weigh it up against the points you get, which I think are market-leading. Overall, I would recommend this card.

Show 4 more reviews
Disclaimer: The opinions expressed about credit cards are the reviewer's alone, and do not reflect the views of Credit Card Compare or the credit card issuer. Reviews have not been approved or otherwise endorsed by Credit Card Compare.

The basics

About this card

Card setup
Card tier
Card type
Card use
Credit rating
Gambling transactions allowed
Joint application
Minimum age
18 years old
Minimum income
Minimum income for pensioners
Rewards program
Qantas Frequent Flyer
Non-Permanent Australian residents


Additional cardholders
Additional card fee
$65 p.a.

Credit limits

Minimum credit limit
Maximum credit limit


Interest charged from
Purchase Rate
Interest free period
Up to 55 days on purchases
Minimum repayment
whichever is greater, $25 or 2%

Rates & fees

Ongoing interest rates

Cash advances 1.69% 20.24% p.a.
Purchases 1.69% 20.24% p.a.


Annual fee
$425 p.a.
Cash advance fee
Dishonour fee
Duplicate statement fee
Foreign exchange fee
Late payment fee
Over limit fee
Overseas ATM balance fee
Overseas ATM withdrawal fee
Overseas emergency card replacement fee
Transaction verification fee

Rewards & points

Cool stuff you can get with your points

Disclaimer: Points required accurate as of the 31st March 2018.

Earn rates

Spend typeSpend
Airline spend
Up to $7,500
1 pt per $1 spent
Above $7,500
0.5 pts per $1 spent
Points capUnlimited

Rewards program basics

First purchase bonus
120,000 points
Reward points expiry
Never as long as you keep your account active
Rewards program
Qantas Frequent Flyer
Spend required for bonus points
$4,000 on eligible purchases in the first 3 months

Earning points with this card

Frequent flyer points
1 pt per $1 spent up to $7,500 then 0.5 pts per $1 spent Above $7,500
Overseas earn rate
Same as standard earn rate
Points cap per month
Points cap per year
Points earned on ATO payments
Reward points

Additional benefits

Airport lounge access
Complimentary flight voucher
Concierge service

Minimum criteria for this card

What you need before applying

Be over 18 years old
You are a resident or citizen of Australia
Have a good credit history
You have your personal details ready to complete the online application
Have not applied for multiple credit cards recently
Non-permanent resident with more than 9 months remaining on your Visa
Age Pension, Disability Pension and Veteran's Pension are acceptable.
Carer's Allowance, Child Support Payments and Family Tax Benefits and Parenting Payments are acceptable.
Joint applications are not allowed
Overseas Pension and Widower's Pension are not acceptable.
Austudy, Foster Care Allowance and Youth Allowance are not acceptable.
Disclaimer: The minimum criteria are intended only to be a guide. Your application may still be rejected by the bank even if you can answer 'Yes' to all the minimum criteria. The final decision regarding your application is up to the bank.

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Rated 4.8 out of 5 for customer satisfaction.
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