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Our verdict

Offers up to 130,000 bonus Qantas Points and $200 back on your new card, with a $425 annual fee.

Finder Awards winner

The ANZ Frequent Flyer Black Credit Card has one of the highest bonus Qantas Points offers on the market right now. It offers 90,000 bonus Qantas Points and $200 back when you spend $5,000 on eligible purchases in the first 3 months from approval. And another 40,000 bonus Qantas Points when you keep it open for over 12 months. Just keep in mind that you'd need to pay the annual fee twice to get all the bonus points. But if you did, you'd have enough points for a one-way business class flight from Sydney to Los Angeles (108,400 Qantas Points) or a return business class flight from Melbourne to Fiji (114,000 points), as an example.

The value of the bonus points and cashback can help offset the $425 yearly cost of the annual fee and rewards fee when you first get the card. But after that, make sure you think about whether the points per $1 and other features – including lounge passes and complimentary insurance – will justify its costs.

Pros

Up to 130,000 bonus Qantas Points and $200 back
2 complimentary Qantas Club Lounge invitations per year
1 Qantas Point per $1 spent up to $7,500 per statement period, then 0.5 Qantas Points / $1 spent
Complimentary insurance covers, including international travel insurance, purchase protection insurance and extended warranty insurance

Cons

You need to keep the card over 12 months to collect all the bonus points offered
The standard annual fee of $425 p.a. is high.
When you spend over $7,500 per statement period, the earn rate drops from 1 point per $1 spent to 0.5 points per $1.

From 7 June 2024, ANZ is making changes to its complimentary insurances for credit cards. For full details, please refer to the new insurance policy document from ANZ.

The ANZ Frequent Flyer Black Credit Card offers plenty of points and travel perks, including a big bonus Qantas Points offer for new customers, lounge invitations and complimentary travel insurance. It also earns a competitive 1 Qantas Point per $1 on eligible purchases up to $7,500 per statement period, then 0.5 points per $1 for the rest of that statement period. But with a relatively high $425 annual fee, you should make sure you get enough value beyond the bonus points if you plan to keep this card.

Details

Product details

Product Name	ANZ Frequent Flyer Black
Balance transfer rate p.a.	21.99%
Balance transfer limit	95% of available limit
Purchase rate p.a.	20.99%
Interest-free period	Up to 55 days on purchases
Cash advance rate p.a.	21.99%
Min credit limit	$15,000
Card type	Visa

Eligibility

Available to temporary residents	Yes - Conditions apply
Joint application	No

Rewards

Rewards program	Qantas Frequent Flyer
Bonus points	130,000
Rewards points per $ spent	1

Fees

Annual fee	$425
Minimum monthly repayment	2% of the closing balance or $25, whichever is greater
Late payment fee	$20
Foreign currency conversion fee	3%
Cash advance fee	3% or $3, whichever is greater
Overseas cash advance fee	3% of transaction amount or $4 (whichever is greater)
Overseas ATM withdrawal fee	$5
Additional cardholder fee	$65
Number of additional cardholders	9

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Congratulations, ANZ!

The ANZ Frequent Flyer Black has been named the Best Frequent Flyer Credit Card – Qantas for the third year in a row. It consistently offered big bonus Qantas Points offers during the period of analysis. It also scored highly for its earn rate of 1 Qantas Point per $1 for the first $7,500 of eligible spending in each statement period and 0.5 points per $1 after that. Other benefits include Qantas Club lounge invitations each year and travel insurance.

Full list of 2024 winners

How to apply

You can apply for the ANZ Frequent Flyer Black Credit Card in around 20 minutes and expect a response within 60 seconds. Before you apply, check if you meet the eligibility criteria and have the necessary details to complete the application.

Eligibility criteria

New cardholder. The introductory offers are only available to new ANZ Frequent Flyer customers who don't currently hold or have held an ANZ Frequent Flyer credit card in the last 12 months.
Residency requirement. Citizens and permanent residents of Australia are eligible to apply. If you are a non-Australian permanent resident, you must have an eligible working, business or investment visa with at least 9 months remaining.

Age. You must be 18 years or older.
Credit rating. To apply for this black-tier product, you must have a good credit rating. You can get your credit score and comprehensive credit report for free through Finder.

Required documents

Personal details. Your complete name, residential address, phone number and email address as well as your marital status and number of dependents.
Proof of identification. Such as your Australian driver's licence or foreign tax number if you're a tax resident in another country.
Finances. This includes your income, expenses, assets and liabilities. You'll need to prove your income with two recent payslips.
Employment. Confirm your employment and provide your employer's contact details. If you're self-employed, you can include your accountant's details.
Qantas Frequent Flyer number. Include your Qantas Frequent Flyer membership number so your points can be debited to your account. If you are not yet a Qantas Frequent Flyer member, you can join for free during the application.

Card benefits

Up to 130,000 bonus Qantas Points. If you apply for a new ANZ Frequent Flyer Black Credit Card and spend $5,000 on eligible purchases in the first 3 months from approval, you'll earn 90,000 bonus Qantas Points. The remaining 40,000 points will be added to your account if you keep it open for over 12 months. The bonus points will be credited to your Qantas Frequent Flyer account within 3 months of meeting the spend requirement.
$200 back. With the current offer, you'll also get $200 back on your new ANZ Frequent Flyer Black Credit Card when you spend $5,000 on eligible purchases in the first 3 months from approval.

Qantas Points per $1 spent. This card earns 1 Qantas Point per $1 on eligible purchases up to $7,500 per statement period, then 0.5 Qantas Points per $1 spent on eligible purchases above $7,500 per statement period. You also get 1 additional point per $1 spent on selected Qantas products and services.
Qantas Club Lounge invitations and benefits. Get 2 complimentary Qantas Club Lounge invitations every year you have this card. Plus, if you use this card to pay for Qantas Club membership, you can save on the $99 joining fee and get a discount on the standard 1-year membership rate.
Complimentary insurance covers. The ANZ Frequent Flyer Black Credit Card gives you access to complimentary international travel insurance, domestic travel insurance, rental vehicle excess in Australia insurance, purchase protection insurance and extended warranty insurance. The eligibility criteria for cover includes making eligible payments with your credit card, with full details in the insurance policy document from ANZ.
Concierge service. This 24/7 personal concierge service can help you with anything from hotel bookings and travel recommendations to organising a gift for a loved one.
Mobile payments. You can add this credit card to Apple Pay, Google Pay, Samsung Pay, Fitbit Pay or Garmin Pay to make payments straight from your mobile phone or other device.
ANZ Exclusives. ANZ black cardholders get access to invitation-only lifestyle, dining and entertainment experiences. Past events have included dinners, weekends away, sporting events and wine tastings.
Visa features. Access exclusive travel, entertainment and leisure offers through Visa Offers + Perks.

Rates & fees

Annual fee. The $425 annual fee for this card is made up of a $370 annual account fee and a $55 rewards program services fee.
Interest rates. This card has a variable purchase rate of 20.99% p.a. and a variable cash advance rate of 21.99% p.a.

Interest-free days. You'll get up to 55 interest-free days on purchases when you pay the account's closing balance in full by the due date on each statement.
Overseas transaction fee. A fee of 3% of the total transaction amount applies to overseas purchases. This fee may also apply for online transactions made with an international retailer online (or processed overseas).
Additional cardholders. You can request up to 9 additional cards linked to your primary account. Each additional card charges a $65 annual fee.

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Amy Finder

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Nadia Carroll

March 20, 2024

Hi, can you pay all bills, eg mortgage?

Sarah Megginson Finder

March 25, 2024

Hi Nadia,

You can use a credit card to pay your mortgage, but you would need to withdraw the money as a cash advance. This means you’ll pay interest of 20%+ from the day you withdraw the money, which makes it very expensive.

Sikander Gulzar

March 18, 2024

Can the Qantas reward points be used for Emirates airline ?

Sarah Megginson Finder

March 19, 2024

Yes, some Emirates flights are available for redemption using Qantas points.

Verity

March 17, 2024

What are eligible purchases?

Sarah Megginson Finder

March 19, 2024

Hi Verity, most everyday purchases like grocery shopping, paying for petrol, booking flights and accomodation and paying a bill is eligible towards the minimum spend. Ineligible transactions usually mean things like cash advances, gambling, interest payments, ATO or government payments, refunds and fees.

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David Watts

March 17, 2024

Is the $65 additional card fee a 1 off payment or an annual charge?

Sarah Megginson Finder

March 25, 2024

Hi David, it’s an annual fee, charged each year on the anniversary of opening the account.

Orlando

March 16, 2024

Hi, when are Qantas FF points transferred to my account. Is it once per month(specific date) or as you earn them?

I paid my account balance on my ANZ Black FF over a week ago but haven’t seen any points transferred to FF account as yet.

Sarah Megginson Finder

March 25, 2024

Hi Orlando,

The points are not transferred as you earn them in real time. They require some time to make sure all adjustments, refunds and spending is accounted for, then they transfer the points in one lump sum each month.

The points are usually transferred at the end of each statement period. For instance if your monthly statement ends March 10, and payment is due March 24, you could expect the points to land in your account by the end of March.

Hope this helps!

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ANZ Frequent Flyer Black Credit Card

Pros

Cons

Congratulations, ANZ!

How to apply

Eligibility criteria

Required documents

Card benefits

Rates & fees

Sources

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