ANZ Frequent Flyer Credit Card

Offer
Card features
balance transfer
purchase rate
annual fee
Apply
25,000 bonus Qantas points when you make one eligible purchase in the first 3 months.
Complimentary Qantas Frequent Flyer membership.
Eligibility criteria, T&Cs, fees and charges apply.
Add to comparison
-
19.99% p.a.
ongoing
$95
ongoing

Pros & cons

What's good?

What's not so good?

25,000 bonus Qantas points when you make one eligible purchase in the first 3 months.
Earn 0.5 Qantas Points per $1 spent on eligible purchases up to $500 per statement period.
Complimentary Qantas Frequent Flyer membership saving you $89.50 if you aren’t already a member.
Only a low minimum income of $15,000 required for eligibility.
Instant response within 60 seconds of application.
Google Pay™, Samsung Pay™ and Apple Pay let you use your compatible Android or Apple device to tap and pay.
0.25 Qantas Points per $1 spent on eligible purchases above $500 per statement period.
No special balance transfer offer for this card.

Our review

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

It’s all about the points, and only about the points, and that’s good news for dedicated Qantas Frequent Flyer points collectors who are sick of paying for bells and whistles they neither need nor want. The ANZ Frequent Flyer Credit Card lives up to its name, delivering Qantas points and little else, and in the process presenting one of the lowest annual fees for a rewards program card.

Low annual fee for a Qantas points card

The very reasonable $95 p.a. annual fee has two components – a basic fee of $40 plus a rewards program service fee of $55. Plus you can have up to three supplementary cardholders to help you earn those valuable points. All good news so far. Unfortunately, you’ll pay $65 p.a. ($10 + $55) for each and every additional card as well as the $95 for your own, so you need to be pretty sure your partner/child/parent is going to earn enough points to offset the steep cost. Even at an optimistic value of 1.5 cents per QFF point, each supplementary cardholder needs to spend $4,333 per year before they enter positive territory.

Most cards – even rewards cards – don’t charge for additional cardholders, so ANZ is going out on a limb with this high charge.

Big points boost to get you started

Even if you do need at least one supplementary card, the cost is more than covered in the first year by the 25,000 points you’ll receive, provided you make at least one purchase, no matter how small, during the first three months. You could use the 25,000 points for three one-way economy flights between Sydney and Melbourne. You’ll need to be a new ANZ cardholder to qualify for the bonus points, not just switching from another ANZ card.

Complimentary Qantas Frequent Flyer membership

Qantas charge an $89.50 joining fee for new entrants to their frequent flyer program, but ANZ will pay this fee on behalf of a cardholder who is not already a member.

Reasonable points earning rate for a Visa card, but it’s capped

It’s a recognised fact that Visa cards don’t earn rewards points at the same rate as Amex cards, and this is a Visa card. The 0.5 points per dollar earning rate is also not as high as the scale offered by the ANZ Frequent Flyer Platinum and Black credit cards, but it’s realistic given the much lower annual fee for this card.

Unfortunately, there’s a very low $500 monthly points cap, after which the rate falls to a disappointing 0.25 pts per $1 spent. The fact that the minimum credit limit of $1,000 is double the amount of the cap makes it seem even more restrictive.

Bonus partner points

The fact that ANZ has organised a number of bonus point partners takes some of the sting out of the low cap. When you use your card to make purchases from these businesses you get additional points per dollar. This is on top of the standard 0.5 points automatically earned. The bonus partners include Qantas, where you’ll earn an extra 1.0 points per dollar spent on flights, Qantas holidays and QFF and Qantas Club membership.

There are other bonus partners, which change from time to time, and ANZ will inform you who these partners are and keep you up-to-date as they change. These bonus points are uncapped. You can still earn them when you have exceeded the monthly spend cap for regular purchases.

Standard interest rates

It’s a frequent flyer points card, front and centre, so there are no special interest rates or other financial inducements. There are Up to 44 days on purchases each month, not the more accommodating 55 days, and there’s no introductory interest-free purchase period or interest-free balance transfer option.

If you don’t pay off your purchase balance in full each month you’ll lose your interest-free days and start paying interest on the daily balance at 19.99% p.a. That’s a fairly typical credit card rate, and so is the 21.49% p.a. on cash advances.

Up-to-the-minute technology and security

ANZ Visa cardholders can take advantage of ANZ Visa payWave to make contactless purchases without a PIN for amounts under $100. ANZ’s goMoney app provides a way to manage your card account on your iPhone or Android. The card is also eligible for use with Apple Pay, Android Pay, Samsung Pay and ANZ Mobile Pay, to allow you to tap and pay securely with your smartphone or other mobile device instead of using your card.

ANZ Falcon monitoring offers constant protection against potentially fraudulent transactions, and worldwide emergency card replacement lets you travel with confidence.

Visa Entertainment the only complimentary benefit

The card comes with Visa Entertainment membership, giving you access to special events, entertainment packages and pre-sale concert tickets.

There are no complimentary travel, extended warranty or other types of insurance policy with this card.

Similar cards to consider

The Qantas American Express Discovery Credit Card offers QFF points without charging a steep annual fee. The NAB Qantas Rewards Card has features and costs similar to this ANZ card. Compare these and other Qantas cards on our Qantas page.

A card for QFF enthusiasts

There’s no doubt that this is an ideal card for keen Qantas points collectors with an eye for cost effectiveness and no interest in other 'benefits’ they may not use. It’s a pared-back card with no nonsense about free insurance but tempting bonus points in the first year. However, after receiving the bonus points you’ll need to be prepared to see your points accumulate at only a moderate pace.

User reviews

3.9 out of 5.0 based on 51 reviews84% of reviewers would recommend this card

Rates and fees
Rewards
Customer service
Convenience
Trust

Reviews from users

Suited when our mortgage was with ANZ. Not now!

Reviewed and not recommended by Sarsar1 on 05 Jul 2016

We paid no, or very little, fees for years. Now that our mortgage is with another bank, they just took $500 worth of fees without warning or contacting us to see if we were happy, or could be on a different setup. I will be looking at changing the balance over to a different company with lower fees in the near future.

Good security and customer service

Reviewed and recommended by Michael on 29 Oct 2013

I have been a customer for 17 years, having joined soon after I became a Qantas Frequent Flyer. In that time the ANZ have alerted me to its fraudulent use overseas, which I greatly appreciated. Any phone inquiries have been answered with courtesy and I have been pleased with any resolution.

My very handy card

Reviewed and recommended by My very handy card on 04 Sep 2014

I am very happy with the service given to me by my branch of ANZ and the credit cards they supply.
I always feel confident that they sill be accepted where ever I may be, even in other countries.
I find the fees charged are fair for the services received.

Very pleased

Reviewed and recommended by Ron's survey on 20 Oct 2013

Never had a problem. Get good frequent flyer points. It is also linked to an American Express Catd which is Ok if used where surcharge does not apply – get more frequent flyer points. American Express Card only free of surcharge at Supermarkets – Coles and Woolies and at Shell service Stations. No good in restaurants and Caltex petrol statiosn

Good rewards but high fees.

Reviewed and not recommended by Tracy on 23 Aug 2016

1 point for every $2 spent, yearly fees over $100, and a short interest-free period. There are better rewards cards out there. The statements are mailed really late so it’s easy to miss a payment, and their online banking is difficult to set up. I think for the yearly fee there are better deals available.

Have no problems so why change

Reviewed and recommended by Lorraine on 20 Aug 2013

I have had this card for many years and as long as I pay the balance a few days before the due date, I don’t pay interest. I always make sure I pay well before the due date and don’t incur interest or late payment fees on my card ever.

I like the frequent flyer points

Reviewed and recommended by Ali on 01 Aug 2013

I like the frequent flyer points I can earn, but the interest rate is a bit high. It is convenient as it is accepted everywhere and makes internet shopping easy. I first got it for use when I travel overseas. I’m not sure about the pay wave system, could be easy to use if stolen.

Good intro offer

Reviewed and recommended by Mike on 01 Jul 2016

This is a good card that ears Qantas points, but it could have more features. Other cards have a higher annual fee, but more features. Most times I can get the fee waived or a loyalty bonus of the same or higher value. Customer service is friendly and helpful—I have never had any problems.

Fly sooner, but at a cost

Reviewed and not recommended by Philip on 02 Jul 2016

The whole reason for getting this particular ANZ credit card was always to collect Qantas Frequent Flyer points from everyday usage e.g. everyday purchases, bills, etc. However, as with most cards the value of the rewards have deteriorated and the cost of maintaining the card has increased since getting it.

They really look after their customers

Reviewed and recommended by Alexa on 01 Aug 2013

The interest is very good the service is always friendly and the payments are very fair they always try to fix any problems I am having with my card and if I need to I can always put my credit limit up I probably don’t use it enough to get many frequent flyer points

Show 41 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
Single
Card tier
Standard
Card type
Visa
Card use
Personal
Credit rating
Good
Gambling transactions allowed
No
Joint application
No
Minimum age
18 years old
Minimum income
$15,000
Minimum income for pensioners
Same as standard
Pensioners
Rewards program
Qantas Frequent Flyer
Temporary residents
Yes

Cardholders

Additional cardholders
3
Additional card fee
$65 p.a.

Credit limits

Minimum credit limit
$1,000
Maximum credit limit
N/A

Repayments

Interest charged from
Purchase date
Interest free period
Up to 44 days on purchases
Minimum repayment
2%

Rates & fees

Ongoing interest rates

MonthlyAnnually
Cash advances 1.79% 21.49% p.a.
Purchases 1.67% 19.99% p.a.

Fees

Annual fee
$95 p.a.
Cash advance fee
2%
Dishonour fee
$6
Duplicate statement fee
$0
Foreign exchange fee
3%
Late payment fee
$20
Over limit fee
$20
Overseas ATM balance fee
$0
Overseas ATM withdrawal fee
$4
Overseas emergency card replacement fee
$0
Transaction verification fee
$0

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 $500
0.5 pts per $1 spent
Above $500
0.25 pts per $1 spent
ResetN/A
Points capN/A

Rewards program basics

First purchase bonus
25,000 points
Reward points expiry
Never as long as you keep your account active
Rewards program
Qantas Frequent Flyer
Spend required for bonus points
first eligible purchase in 3 months

Earning points with this card

Frequent flyer points
0.25 pts per $1 spent
Overseas earn rate
Same as standard earn rate
Points cap per month
3,000
Points cap per year
36,000
Points earned on ATO payments
N/A
Reward points
N/A

Additional benefits

Airport lounge access
No
Complimentary flight voucher
No
Concierge service
No

Benefits

This card comes with benefits worth an estimated $18

TravelEstimated value
Waived Qantas Frequent Flyer joining fee
Valuation based on $89.50 Qantas Frequent Flyer joining fee spread over 5 years.
$18
Total estimated value$18
Annual fee$95
Net customer value$-77
Disclaimer: Details of who, what, and where coverage applies to, as well as its duration and any coverage limitations will be listed in the credit card insurance product disclosure statement (PDS) on the card issuer's website. The names/labels of complimentary insurance products may differ from one issuer to another. Terms and conditions apply. Always check the insurance PDS when considering a financial product. Accurate as of 31st October 2015.

Minimum criteria for this card

What you need before applying

Be over 18 years old
You are a resident or citizen of Australia
Earn a regular income of more than $15,000 per year
Have a good credit history
You have your personal details ready to complete the online application
Have not applied for multiple credit cards recently
Joint applications are not allowed
Temporary residents are eligible
Age Pension, Disability Pension and Veteran's Pension are acceptable.
Overseas Pension and Widower's Pension are not acceptable.
Carer's Allowance, Child Support Payments and Family Tax Benefits and Parenting Payments are 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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