ANZ Business Black Credit Card

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ANZ Business Black Credit Card

Balance transfer

N/A

Purchase rate

20.24% p.a. ongoing

Annual fee

$0.00 for 1st year

Highlights

  • Get 100,000 bonus Reward Points upon spending $6,000 on eligible purchases within the initial 3 months after approval.
  • Save $300 with no Annual Card Fee and save $75 per card with no Rewards Fee for the first year on a new ANZ Business Black credit card (Terms and Conditions apply).
  • Earn 1.5 Reward Points per $1 spent on eligible purchases up to and including $10,000 per statement period.
  • Receive complimentary Unauthorized Transactions Insurance, International Travel Insurance, and Transit Accident Insurance for overseas travel.

Pros and cons

Pros

  • Substantial sign-up bonus for new qualifying customers.
  • Earn 1 Point per $1 spent on eligible business purchases.
  • Tax payments to the ATO also earn points (at a reduced rate).
  • Points can be transferred to several different airline frequent flyer programs.
  • Comes with complimentary international travel insurance.
  • Also has extended warranty, fraud protection, purchase protection insurance, and transport accident insurance.
  • Cardholders have access to ANZ's concierge service.
  • Add unlimited cardholders for free to share the account with staff.
  • Works with Apple Pay, Google Pay, and Samsung Pay, making payments more convenient.
  • Get a data feed for Xero, MYOB, and QuickBooks, making accounting and bookkeeping more streamlined.

Cons

  • The card's ongoing annual fee is $300 p.a. after the first year's waiver.
  • Transactions made in a foreign currency or online attract a 3% fee.
  • No introductory offer on purchases and interest is charged at 20.24% p.a.
  • No balance transfer offer.
  • Earn rate drops after $10,000 spent per statement period.

About this credit card

Basics

Card usage

Apple Pay Enabled
Yes
Card Type
Visa
Gambling Transactions Allowed
No
Samsung Pay Enabled
Yes

Eligibility

Joint Application Accepted
No
Minimum Age
18 years
Minimum Credit Rating
Good, Very Good, Excellent
Minimum Income
N/A
Temporary Residents Accepted
Yes

Additional cardholders

Additional Cardholders
99
Additional Card Fee Ongoing
$0.00

Credit limits

Minimum Credit Limit
$5,000.00
Maximum Credit Limit
N/A

Repayments

Interest Charged From
Purchase date
Interest Free Period
Up to 55 days on purchases
Minimum Repayment Percentage
2%

Balance transfers

Balance transfer offer

Balance Transfer Rate
N/A
Balance Transfer Period
N/A
Balance Transfer Fee Percentage
N/A

Balance transfer conditions

Balance Transfer From Personal Loan
N/A
Balance Transfer Limit Percentage
N/A
Balance Transfer Revert Rate
N/A

Rates, fees, charges

Cash advances

Cash Advance Rate
21.74% p.a.
Cash Advance Fee
$1.50
Cash Advance Fee Percentage
1.5%
Cash Advance Fee Threshold
N/A

Purchases

Purchase Rate Introductory Offer
N/A
Purchase Rate Introductory Period
N/A
Purchase Rate Ongoing
20.24% p.a.

Account fees

Annual Fee Initial Year
$0.00
Annual Fee Ongoing
$300.00
Dishonour Fee
$12.00
Duplicate Statement Fee
$5.00
Foreign Exchange Fee Percentage
3%
Late Payment Fee
$35.00

Rewards

Rewards program basics

Rewards Program
ANZ Business Rewards
Rewards Program Annual Fee Initial Year
$0.00
Rewards Points Expiry
36 months

Rewards points per $1 spent

Domestic Rewards Points Earn Rate
1.50
Government Rewards Points Earn Rate
N/A
Overseas Rewards Points Earn Rate
1.50

Additional perks

Insurance

Cardholder's Domestic Hotel Burglary Insurance
No
Cardholder's Extended Warranty Insurance
No
Cardholder's International Travel Insurance
Yes
Cardholder's Interstate Flight Inconvenience
No
Cardholder's Personal Item Theft Cover
No
Cardholder's Price Protection Insurance
No
Cardholder's Purchase Protection Insurance
No
Cardholder's Refund Protection
No
Cardholder's Transport Accident Insurance
Yes

Travel and lifestyle

Airport Lounge Access Included
No
Concierge Service Included
Yes
Complimentary Flight Voucher Included
No
Complimentary QFF Membership Included
No

Our review

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The basics

  • Additional cardholders. You can add unlimited cardholders for free to share your account with staff. Points earned will accumulate under the main cardholder's account.
  • Digital wallets. This card works with Apple Pay, Google Pay, and Samsung Pay.
  • Gambling transactions. ANZ treat any transactions classed as gambling as cash advances.
  • Integrations. Works with Xero, MYOB, and QuickBooks.

Rewards and benefits

  • Complimentary travel insurance. Complimentary international travel insurance comes with the ANZ Business Black Credit Card. To activate the cover, the card must have been used to pay for travel costs related to your trip before you leave.
  • Concierge. Get access to ANZ's concierge service. Available 24 / 7, cardholders can contact the concierge for help with things like getting travel recommendations, booking travel, shopping advice, arranging gifts, etc.
  • Insurance. Cardholders get extended warranty protection, fraud protection, purchase protection insurance, and transport accident insurance.
  • Rewards program. ANZ Business Black Credit Card cardholders can earn 1 ANZ Business Rewards Point per $1 spent on eligible purchases up to $10,000 per statement period. Balance transfers and cash advances are not eligible, but taxation payments are, albeit with a significantly reduced earn rate. However, being able to earn on ATO payments with the card means you can avoid the processing fees of using a third party to pay tax with There is an annual fee for the rewards program separate from the annual fee. ANZ Business Rewards Points can be transferred to Qantas Frequent Flyer, Velocity Frequent Flyer, Air New Zealand Airpoints, Cathay Asia Miles, and Singapore Airlines KrisFlyer.
  • Sign up bonus. Spend $6,000 on eligible purchases within the first 3 months to earn 100,000 ANZ Business Rewards Points.

Rates and fees

  • Annual fee. After being waived for the first year, the card's ongoing annual fee reverts to $300 p.a.
  • Balance transfer. This credit card currently has no balance transfer offer. That's typical of business credit cards in Australia.
  • Cash advance. Transactions classed as a cash advance will attract interest at 21.74% p.a. with interest accruing from the date they were made. As well as interest, there is a one-off cash advance fee for any cash advances made with this card.
  • Foreign exchange fee. This card charges a 3% fee for transactions made online or overseas in a foreign currency.
  • Interest-free period. This card offers an interest-free period of up to 55 days on purchases — except cash advances — if you have paid off your previous balance or made minimum required payments.
  • Purchase rate. With no introductory offer on purchases, purchases made with this card will be charged interest at 20.24% p.a.

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