ANZ frequent flyer credit cards. The options, fees and points

Is there anything better than being able to use points collected from everyday purchases to pay for your next holiday? For those who make consistent purchases, getting a credit card attached to a rewards program can help you get more bang for your buck.

Many banks in Australia offer a range of frequent flyer or rewards credit cards to choose from. This article will take you through the options available at ANZ, one of the big four banks in Australia.

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What’s a frequent flyer credit card?

Frequent Flyer credit cards are generally credit cards that are associated with an airline's points reward program. These credit cards are targeted towards people who travel frequently and want to receive perks or accrue points with a particular airline when making purchases.

Frequent flyer points can be then used to redeem flights, in-flight extras or other reward items and services.

ANZ frequent flyer credit cards

ANZ offers customers the choice between two frequent flyer credit cards including¹:

• ANZ Frequent Flyer credit card
• ANZ Frequent Flyer Black credit card

Both of these cards are aligned with the Qantas Frequent flyer program. Here are some further details about each card.

ANZ Frequent Flyer credit card

This credit card is the standard version of Qantas Frequent Flyer card for customers looking for a lower minimum credit limit, but still can accrue frequent flyer perks.

Customers who are approved for this card will earn per statement period¹:

• 0.75 Qantas Points per $1 spent up to $3000
• 0.5 Qantas Points per $1 spent over $3,000

Currently there is a limited time only Qantas Points offer for new customers where they can earn an extra 75,000 Qantas points if they spend $2,500 in the first 3 months. They will also receive $100 back onto their card.

ANZ Frequent Flyer Black

This card allows customers to earn higher amounts of Qantas Frequent Flyer points on eligible purchases. Customers can earn per statement period²:

• 1 Qantas Points per $1 spent up to $7,500
• 0.5 points per $1 spent for amounts over $7,500

Similarly, there is a bonus Qantas Points offer for new customers where they can earn an extra 100,000 points and $250 cashback if $5,000 is spent on eligible purchases in 3 months from approval. For those who keep the card for 12 months, they can then receive a further 30,000 points.

Main features and benefits of these credit cards

On top of accruing Qantas points, here are some other main features and benefits of these ANZ credit cards.

ANZ Frequent Flyer¹	ANZ Frequent Flyer Black²
Complimentary Qantas Frequent Flyer membership Uncapped earn rate of points on eligible purchases Access to ANZ instalment plans for payback Complimentary travel, rental vehicle, extended warranty and purchase protection insurances 24/7 personal concierge access and fraud monitoring Connects with digital wallets Earn cashback offers from 2000 retailers	Complimentary Qantas frequent flyer membership Uncapped points earning rate Two complimentary Qantas lounge passes per year Access to invitation only offers by ANZ Complimentary insurances including travel, rental car, extended warranty and purchase protection 24/7 personal concierge and fraud protections Digital wallet connection Cashback offers

As you can see, there are a few similarities between each credit card, however the ANZ Frequent Flyer Black card comes with a few extra perks.

ANZ frequent flyer credit card fees

One of the caveats with having a credit card, is that sometimes they can come with a range of fees. Here are some of the fees to expect when using either ANZ Frequent Flyer cards.

Fees & rates	ANZ Frequent Flyer³	ANZ Frequent Flyer Black³
Maintenance fee (monthly or annually)	$295 per year¹	$425 per year²
Cash withdrawal or advance rate (break this down if locally in AU and/or abroad)	21.99% + 3% fee per withdrawal or a minimum fee of $3 and a maximum fee of $20 For cash advances from ANZ ATM or other within Australia = $1.25 per withdrawal For ATM withdrawals overseas, a $4 fee + 3% overseas transaction fee is also charged on top of this	21.99% + 3% per withdrawal or a minimum fee of $3 and a maximum fee of $20 For ATM withdrawals overseas, a 3% overseas transaction fee is also charged on top of this
Foreign exchange conversion fee	3% on overseas purchases	3% on overseas purchases
Late repayment	$20	$20
Purchase interest rate	20.49%¹	20.49%²
Interest free period	Up to 55 days¹	Up to 55 days²
Overlimit fee	$20	$20
Additional cardholders	Yes - up to 9 but $10 per additional cardholder per year is charged	Yes - up to 9 but $10 per additional cardholder per year is charged

As seen on 3rd December 2023

The credit limit provided by these credit cards

There are different credit limits available to either of these credit cards:

• The ANZ Frequent Flyer card, the minimum credit limit starts at $6000
• The ANZ Frequent Flyer Black card has a minimum credit limit of $15,000.¹

Higher credit limits are only determined after ANZ has reviewed each customer's application and documents.⁴

How to get a ANZ frequent flyer credit card

To get an ANZ frequent flyer card, you’ll need to meet certain eligibility requirements and provide supporting documentation.

What are the eligibility requirements

Before you apply for either card, you will need to check if you meet these basic eligibility requirements⁵:

• Be at least 18 years of age
• Be an Australian or New Zealand citizen or permanent resident
• Have a good credit rating
• A new customer to ANZ Frequent Flyer cards

There are two ways to apply. You can apply completely only or start your application only and have an ANZ representative reach out to you to help you complete it. Either way, there are a few documents you should have ready to provide to ANZ.

These documents include⁵:

• Your Australia driver licence number
• Details and supporting evidence of your income, expenses, assets and liabilities
• Two of you recent payslips or for those who are self-employed, your accountant’s phone number
• Details about your living expenses

If you are an existing ANZ customer, you should have your ANZ account number or Customer Registration Number to input into your application.

How to use your ANZ points and rewards

Both these credit cards accrue Qantas points which can be put towards domestic or international flights with Qantas or their partner airlines.

Qantas points can also be used to upgrade your seat or add classic extras to booked flights, and book hotels.¹

For those that are not sure if they just want to accrue Qantas Points, ANZ have their own points credit cards where customers can gain ANZ Rewards Points. These points can be used to redeem other reward types.

What else do I need to know?

There are a few things you need to keep in mind if you choose to apply for either card. These are around cash advance limits and statement periods.

How long is a statement period?

Each statement period can vary per credit card and by customer based on when their accounts are approved and how long each month is. Points are accrued on a monthly basis.⁶

Are there limits on cash advances?

There is a cash advance limit of $1,000 per day. You can talk to ANZ to have this limit changed.⁷

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Sources:

1. ANZ Frequent Flyer
2. ANZ Frequent Flyer Black
3. ANZ Fees
4. ANZ credit limit
5. ANZ sign up
6. ANZ statement period
7. ANZ limits

Sources checked on: 3rd December 2023