Complete Guide to ANZ Travel Money Card offered in New Zealand

Travelling overseas is often fun and thrilling, but managing money when abroad is not. Many banks or finance companies offer travel money cards to make paying abroad smoother.

Table of contents
Travel Cards Available with ANZ Benefits of ANZ Travel Cards ANZ Card Travel Insurance ANZ Travel Card Exchange Rates ANZ ATM Withdrawal Fees ANZ Card Annual Fees and Limits Using ANZ Travel Card Overseas Summary

ANZ Bank used to offer a travel money card for people going abroad, but it is no longer available. Instead, the bank has options for using ANZ credit or debit cards overseas. That way, New Zealand residents can safely spend overseas without opening another third-party account. Learn more about how to use ANZ credit or debit cards when travelling.

What is a Travel Money Card?

A travel money card is typically a prepaid card that carries one or more foreign currencies. Having a travel money card when you are heading overseas is helpful, especially if your bank charges international transaction fees. The card can be used like a regular credit and debit card by swiping or tapping at ATMs, restaurants, stores and hotels. Plus, some may allow contactless payments through apps like Google Pay or Apple Pay on your smartphone. Some travel money cards come with travel insurance coverage to protect the cardholder from loss caused by flight cancellations, delays, and lost luggage.

Travel Cards Available with ANZ

ANZ had a travel money card product until October 2022, when the bank closed all ANZ travel card accounts.

However, the bank offers a range of credit cards that can be used as overseas travel money cards. These cards, like the ANZ Platinum Credit Card, the ANZ Rewards Black Credit Card, and the ANZ Frequent Flyer Platinum Credit Card, offer benefits that cater to different travel needs.¹

While all ANZ credit cards can be used worldwide, let’s explore the ANZ credit and debit cards that offer travel insurance facilities since they most closely resemble a travel money card:

• ANZ Platinum Credit Card - A simple credit card with a low annual fee

The ANZ Platinum Credit Card is an everyday credit card with zero annual fees in the first year. It offers complimentary insurance with a minimum credit limit of 6,000 NZD. It can be used as an ANZ travel card but does not offer reward benefits.²

• ANZ Rewards Black Credit Card - A rewards points earning credit card

The ANZ Rewards Black credit card offers a minimum credit limit of 15,000 NZD and allows the cardholder to earn ANZ rewards points on all spending. Compared to the ANZ Rewards Platinum card, this ANZ Rewards Black card has a higher annual fee, but the rewards earn rate is better.³

• ANZ Rewards Platinum Credit Card - A credit card with rewards points

The ANZ Rewards Platinum Credit Card is an improved version of the ANZ Platinum Credit Card as it offers ANZ rewards points on all spends. The annual fee is higher, but the minimum credit limit is the same at 6,000 NZD.⁴

• ANZ Frequent Flyer Platinum Credit Card - Ideal for frequent flyers

The ANZ Frequent Flyer Platinum Credit Card is better than the other ANZ Platinum cards because it allows cardholders to earn Qantas points on purchases. You can redeem Qantas points when purchasing overseas air tickets and hotel bookings. The minimum credit limit is the same as other Platinum credit cards at 6,000 NZD.⁵

• ANZ Frequent Flyer Black Credit Card - Highest Qantas points earning potential card

Frequent Flyers may prefer this ANZ Frequent Flyer Black Credit Card because it offers the best Qantas rewards points-earning potential and a minimum credit limit of 15,000 NZD. This card has the highest annual fee among all ANZ credit cards. However, it also offers additional benefits like discounts on Qantas Club membership and complimentary Qantas Club lounge invitations.⁶

• ANZ Visa Debit Card - Connected with your savings account

Every ANZ customer can apply for the ANZ Visa Debit Card and use it as a travel card when travelling overseas. This card does not have an annual fee but a daily ATM withdrawal limit of 3,000 NZD at ATMs abroad. The ANZ Visa Debit Card does not offer travel insurance, unlike some of the other cards.⁷

• ANZ EFTPOS Debit Card - similar to the Visa Debit Card

The ANZ EFTPOS card doubles up as an ANZ travel card when you travel overseas. This card does not have annual fees, but the daily withdrawal limit of 2,000 NZD is less than that of the ANZ Visa Debit Card. It does not offer any travel insurance benefits.⁸

Benefits of ANZ Travel Cards

ANZ Bank discontinued its travel money card product but now offers travel facilities on credit cards. Generally, all ANZ credit cards offer similar benefits: ^2,3,4,5,6

• An interest-free credit period on purchases for up to 55 days
• A standard minimum credit limit of 6,000 NZD
• A variety of reward points earning potential.
• Cash advance facilities are available but carry interest.

Each card will have its own benefits; here are a few:

• ANZ Platinum credit cards have a standard minimum credit limit of 6,000 NZD and have the lowest annual fee.
• ANZ Black credit cards offer a higher minimum credit limit of 15,000 NZD.
• ANZ Rewards Black credit card offers the highest rewards points among all ANZ credit cards. You get two Reward points for every 1 NZD spent up to 5,000 monthly.
• ANZ Rewards Platinum cards offer 1.5 Reward points for every 1 NZD spent on eligible purchases up to 2,000 NZD.
• ANZ Frequent Flyer Platinum card offers 0.75 Qantas points per 1 NZD spent on eligible purchases up to $,000 NZD.
• The ANZ Frequent Flyer Black credit card offers 1 Qantas point per 1 NZD spent on eligible purchases up to 7,500 NZD per month.
• ANZ Frequent Flyer Black credit cardholders get a yearly discount on a 1-year Qantas Club membership and two complimentary Qantas Club lounge invitations.

Read over the benefits of each card before signing up and identify the one that matches your travel needs.

ANZ Card Travel Insurance

Allianz covers travel insurance for all ANZ Platinum and Black credit cardholders.

Travel insurance coverage is available for all eligible travellers for domestic and international travel. Here are some of the parameters to qualify:⁹

1. You must be a cardholder and below 81 years old.
2. You must possess a valid return air ticket for travel overseas before leaving the country.
3. Accompanying spouses and dependent children are covered under travel insurance.
4. Insurance coverage is available for up to six consecutive months.
5. Coverage includes overseas emergency assistance (medical or otherwise), evacuation and repatriation, accidental death, funeral expenses, assault, permanent disability, and loss of income.
6. Coverage is also available for loss due to flight cancellations, reschedules, travel delays, alternate travel expenses, hijacks, personal safety evacuations, and loss or damage to luggage.
7. Insurance may cover financial losses such as loss of travel documents and transaction cards. Loss due to fraudulent card use is also covered under travel insurance.
8. Other benefits include coverage of personal liability and legal expenses.

Cardholders can check their travel insurance coverage eligibility on the official ANZ Overseas Travel Insurance website.¹⁰

Debit cardholders don’t get travel insurance as part of their card benefits.

ANZ Travel Card Exchange Rate

While you can use your ANZ travel card overseas for various purposes, the exchange rate depends on market rates. ANZ Bank adds a 1.3% conversion charge for foreign currency transactions online and overseas. This conversion charge applies to Visa debit/credit cards, including Google Pay and Apple Pay transactions.¹¹

If you want to save money on your transfer, try providers like Wise, which uses only the mid-market exchange rate. Smart tech companies like Wise help you avoid extra conversion or exchange rate charges on payments and transfers.

Our Review of Wise Card 👉

ANZ ATM Withdrawal Fees

In addition to the conversion charge for overseas ANZ credit and debit card usage, ATM withdrawals carry separate fees and cash advance charges.¹²

Transaction Particulars	Applicable Fees and Interest
Visa Debit Card - ATM withdrawals overseas	5 NZD
Visa Debit Card - ATM Balance Enquiry overseas	1 NZD
Visa Debit Card - POS Transaction overseas	1 NZD
Visa Debit Card - Cross Border Transaction overseas	2.50% of the transacted amount in NZD
ANZ Credit Card Cash Advance Interest	21.99% per annum

ANZ Card Annual Fees and Limits

Let us look at ANZ travel card annual fees and limits. Visa debit cards are available to account holders free of cost.^{2.3.4.5.6,7,8}

ANZ Travel Card Variant	Annual Fees	Limits, if any
ANZ Platinum	First-year free, subsequently 87 NZD	Depends on the overall credit limit
ANZ Rewards Black	375 NZD	Depends on the overall credit limit
ANZ Rewards Platinum	149 NZD	Depends on the overall credit limit
ANZ Frequent Flyer Platinum	295 NZD	Depends on the overall credit limit
ANZ Frequent Flyer Black	425 NZD	Depends on the overall credit limit
Visa Debit	Nil	3,000 NZD or foreign currency equivalent
ETFPOS Card	Nil	2,000 NZD or foreign currency equivalent Daily Transaction Limit - 10,000 NZD or foreign currency equivalent

Using ANZ Travel Card Overseas

You can use your ANZ travel cards like a regular credit or debit card for any of the following purposes:¹³

• Withdrawing cash from ATMs overseas. Remember, there may be ATM withdrawal fees and interest charges for cash advances, especially for credit cards.
• Make purchases online and in-store by swiping the cards at the terminal
• Contactless payments by tapping the card on the machine
• Using apps like Google Pay, Apple Pay, and Fitbit Pay

How to sign up for ANZ Travel Card

You can sign up for an ANZ card on the bank’s website. Here is how to get started:

• ANZ Credit Cards¹⁴

1. Compare various ANZ credit cards and choose your preferred one at the ANZ website.
2. Check your eligibility and keep your KYC documents ready.
3. Click on the “Apply Now” option.
4. Complete the application online and attach the required documents.
5. Submit and wait for the reference number.
6. ANZ verifies the information and issues the card.
7. Set your PIN in the ANZ app and start using the card.

• ANZ Debit Cards

Existing ANZ account holders can apply for their Visa debit cards online through the Internet banking module or the ANZ goMoney app.¹⁵

1. Click on the “Apply Now” option on the official website.
2. Check your eligibility and click on the Continue option.
3. Choose your account type and proceed.
4. Complete the application online.
5. ANZ verifies your identity and documents before opening the account.
6. You get a debit card free of cost with your savings account.
7. Activate the card for overseas travel usage before leaving New Zealand.

Paying with an ANZ Travel Card

Your ANZ travel card is like a regular credit/debit card. You can use it at:

• ATMs
• Gas stations
• Stores that accept Visa cards
• Contactless payment terminals. You can connect your ANZ travel card with Google Pay or Apple Pay on your supported smartphones.

Using ANZ Travel Card in Foreign ATMs

Your ANZ travel card offers flexibility because you can use it in foreign ATMs to withdraw money in the local currency. However, the withdrawal will be subject to the bank’s foreign currency conversion charge, ATM withdrawal fees and additional local ATM charges. Plus, withdrawing currency as a cash advance when using your ANZ credit cards attracts a 21.99% interest rate from withdrawal till the payment date.

Summary

ANZ discontinued their exclusive travel money card in October 2022. Instead, the bank offers various credit cards that can double as travel cards. New Zealand residents can use these ANZ travel cards overseas like their regular credit cards.

Before you head overseas, check out the Wise Card. It work perfectly travel money card- but without high exchange rates or additional charges. You can load the foreign currency and use it like a regular debit card wherever you are in the world.

Get a Wise card today 💳

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Please see terms of use and product availability for your region or visit Wise fees and pricing for the most up to date pricing and fee information.

Sources used for this article:

1. ANZ Travel Money Card discontinued
2. ANZ Platinum Credit Card
3. ANZ Rewards Black Credit Card
4. ANZ Rewards Platinum Credit Card
5. ANZ Frequent Flyer Platinum Credit Card
6. ANZ Frequent Flyer Black Credit Card
7. ANZ Visa Debit Card
8. ANZ EFTPOS Debit Card
9. ANZ Travel Card Travel Insurance
10. ANZ Travel Insurance Eligibility Check and Benefits
11. Conversion charge for foreign currency transactions online and overseas
12. ANZ ATM Withdrawal Fees
13. Ways to use your ANZ travel card overseas
14. Apply for ANZ credit cards
15. Apply for ANZ debit card

Sources verified on 30 May 2024.