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Eligibility criteria, T&Cs, fees and charges apply. Velocity member Terms and Conditions apply at https://www.velocityfrequentflyer.com/content/TermsConditions/
^ Flight available to accountholder only. Flight restrictions apply.
^^ Passes available to accountholder only. Lounge conditions apply.
†Conditions, exclusions and limits apply. QBE Insurance (Australia) Limited ABN 78 003 191 035 has issued a group policy to ANZ, which eligible cardholders may be able to claim under. Consider the PDS at anz.com for eligibility and to see if this product is right for you.
Travel now, and be rewarded with future travel. That’s the clear message attached to the ANZ Rewards Travel Adventures Credit Card.
Explore Australia, inspired by generous first-purchase bonus points, a free annual domestic return flight and two lounge passes and backed by domestic travel insurance and car rental insurance excess cover.
Set your sights even further. Globetrotters will be encouraged by complimentary international travel insurance, a platinum concierge service, surcharge-free foreign transactions and overseas ATM withdrawals exempt from cash advance fees.
And every dollar spent on these enterprising journeys earns ANZ Rewards points to make your next travel project more affordable.
Good ongoing points earning rate for a Visa card
If you’d rather have only a Visa card because American Express cards are just too much hassle (and too expensive in surcharges), you still won’t want to be penalised with a low points earning rate. Don’t worry. ANZ have upped the points rate on their Visa cards. Unfortunately, they have also added a threshold beyond which the earning rate declines. Here are the details:
Sadly, this means that any really big purchases won’t be earning points at the top rate, but since there’s no absolute points cap they will still earn points.
Earn even more points with Bonus Mall partners
Boost your points earning by directing your expenditure towards ANZ Rewards Bonus Mall partner businesses. You can get an extra 7-10 bonus points per dollar spent at stores like David Jones, Dan Murphy’s, Dymocks, Rebel, Interflora, Cotton On, iTunes, and many more that you will almost certainly shop at on a regular basis.
Redeem points for travel, entertainment, gift cards and merchandise
Travel is this card’s number one priority, and you’ll probably get the most cost-effective return for your points by redeeming them for air travel options. There are plenty of other choices, however, and here are some of them:
If you don’t have quite enough points for your chosen redemption you will often be able to choose Points + Pay, and pay the balance in cash.
Want to stick to the same redemption permanently (e.g. converting to points with a specific airline)? In this case you can set up an auto-redemption, and ANZ will take care of it for you until you advise them you want to change.
Free domestic return flight every year
It’s a traveller’s card, and travellers can explore Australia with a complimentary domestic return flight every year. Just spend $500 in 3 months after card approval, and after that you will automatically qualify for a free Virgin Australia domestic return flight annually.
From Sydney, for example, you could fly to a long list of eastern seaboard destinations, plus Adelaide, Perth, Darwin and Ayers Rock. You need to book your flight at least 60 days before you plan to travel. Unused flight entitlements will expire: they cannot be carried forward to the following year.
Two complementary single-entry lounge passes, every year
To make your domestic air travel a relaxing experience, ANZ are also offering two free single-entry passes to Virgin Australia domestic lounges, again annually, provided you meet the initial condition of spending $500 in 3 months after card approval. These normally cost $65 each, so together they are worth $130 in any year that you use them.
Once again, the entitlement expires in any year that it is not used. Since the lounge passes themselves are valid for 12 months once they are issued, you may as well apply for them as soon as they become available each year.
No foreign transaction fees
For overseas purchases, most credit cards charge a foreign transaction fee of 2-3% on top of the purchase amount, after it has been converted to Australian dollars. In fact, even if the original purchase was made in Australian dollars, the fee is still levied if the transaction was made from an overseas vendor, or processed overseas.
So the absence of any foreign transaction fee on this card is a boon for both travellers and online shoppers. While the percentage sounds small, the dollars can soon add up if you plan to use your card on an extended overseas trip, and a 3% surcharge can easily make the difference between an online bargain and a price that is no better than average.
Waived cash advance fee at overseas ATMs
Using your credit card to withdraw cash while travelling overseas is not the smartest thing to do, since you’ll immediately start paying interest on the amount withdrawn: there are no interest-free days with cash advances. But in an emergency situation you may need to use this line of credit, and it’s comforting to know that if you’re withdrawing cash from an overseas ATM, ANZ will waive the normal 2% cash advance fee that applies in Australia.
Complimentary insurance for the traveller and the shopper
Travellers and shoppers can use the card with confidence, secure in the knowledge that they are protected by seven built-in insurance policies:
Cover is activated by purchasing the item or paying fares with the card, except in the case of overseas travel cover, which is triggered by using the card for at least $250 of the trip’s prepaid expenses (a very moderate requirement when compared with many other cards).
Since this is a platinum card account, it comes with some other useful features:
Fairly standard interest rates
There’s nothing remarkable about the credit-card-typical interest rates attached to this card. The ongoing purchase interest rate is 20.24% p.a. Avoid it by taking full advantage of the up to 55 interest-free days each month, and always paying the account balance in full on or before the due date for payment. Sidestep the 21.74% p.a. cash advance rate by never using your credit card for a cash advance if you can possibly avoid it.
There are no introductory discounted interest rates for either purchases or balance transfers. In case you hadn’t noticed, it’s all about travel.
Security and the latest apps
Your card will be protected by up-to-the-minute safety features, and powered by the newest mobile finance apps.
Suspicious transactions are monitored by ANZ Falcon, and you’ll be alerted if they occur. If they turn out to be fraudulent, and not your fault, you’ll be protected by the ANZ Fraud Money Back Guarantee. Should your card be lost or stolen, you can rely on worldwide emergency credit card replacement.
Got an iPhone or Android mobile device? Then you can use ANZ App to view your account status and transaction history. Plus you can download Apple Pay or Google Pay™ in order to use your compatible device to tap and pay (instead of having to drag your card out of your wallet). You get just the same guarantee of security as you would if you used your plastic card.
And never miss a payment due date again. Just set up Card Pay Direct to have a set amount, or the account closing balance amount, or the minimum monthly repayment, deducted from your account with any Australian financial institution.
$225 p.a. annual fee
The annual fee of $225 p.a. (plus $65 p.a. each for up to 9 supplementary cards) is certainly not a small sum. But it is more than realistic for a rewards card with every type of credit card complimentary insurance. Cards which include all seven standard credit card insurance policies are often more expensive than this.
In fact, the fee is more than offset by the annual free flight and lounge passes. Even if you only fly between Melbourne and Sydney, the return flight is probably worth at least $230. Add $130 worth of lounge passes, and you’re well ahead before even starting to factor in the value of rewards points and insurance.
A card for the domestic traveller
In spite of the international travel insurance and the absence of a foreign transaction surcharge, this is a card most suited to the regular domestic traveller, and perhaps only occasional overseas adventurer. The auto-redemption facility can effectively make it a Velocity points card for Virgin frequent flyers, with the extra flexibility of other redemption types if required. Add in the Velocity bonus points, annual free flight and lounge passes, domestic travel insurance and stand-alone rental vehicle excess cover, and it’s clearly the ideal card for anyone who needs to travel in Australia for either business or leisure.
Reward Points accrue in accordance with the ANZ Rewards – Rewards Program Terms and Conditions booklet (please call 13 13 14 for a copy). Purchases which are not eligible to earn Rewards Points are described in the ANZ Rewards – Rewards Program Terms and Conditions booklet, e.g. fees, cash, cash equivalent transactions, balance transfers, premiums paid for ANZ Credit Card Insurance and transactions for gambling or gaming purposes will not earn Reward Points.
A free domestic return flight each year after spending $500 is a good starting point.
Rewards earning rates are OK. You get points to convert to Virgin or Krisflyers, nothing fancy. If you travel overseas a lot, you get the currency conversion fee waived.
The $220 annual fee is expected for this type of credit card.
|Cash advances||1.81%||21.74% p.a.|
Up to $2,000
1.5 pts per $1 spent
0.5 pts per $1 spent
Valuation based on the assumption of making a $250 claim once every 5 years. There is no retail market for all-encompassing extended warranty insurance covering more than one item, so no premium saving.
Guaranteed pricing / price protection insurance
Valuation based on the assumption of making a $100 claim once every 10 years. Extensive conditions apply. There is no retail market for this type of insurance, so no premium saving.
Valuation based on the assumption of making a $200 claim once every 5 years. There is no retail market for this type of insurance, so no premium saving.
Airport lounge membership and/or access
Valuation based on two single entry passes to Virgin Australia lounges.
Valuation based on a Virgin Australia domestic Saver Fare return flight from Sydney to Melbourne.
Interstate flight inconvenience insurance
Valuation based on similar domestic travel insurance policies available online that include interstate flight inconvenience.
Overseas travel insurance
Valuation based on similar annual travel insurance policies available online for trips of up to 60 days.
Rental vehicle excess cover (separate from travel insurance)
Valuation based on similar rental vehicle excess insurance policies available online.
Transit accident insurance
Valuation based on similar global transit accident insurance policies available online.
|Total estimated value||$1,801|
|Net customer value||$1,576|