Why we like the ANZ Rewards Black Card

The ANZ Rewards Black credit card is the highest-earning card for ANZ Reward Points. These points can be transferred to your choice of Virgin Australia Velocity, Singapore Airlines KrisFlyer, Cathay or Air New Zealand Airpoints.

This card has a great sign-up bonus with 180,000 ANZ Reward Points and $150 cash back to your card available. You’ll also receive complimentary insurances including international travel insurance.

Sign-up bonus

Apply for an ANZ Rewards Black card and spend at least $3,000 on eligible purchases within the first 3 months to earn 180,000 bonus ANZ Reward Points! That’s equal to 90,000 Virgin Australia Velocity points, 60,000 Singapore Airlines KrisFlyer miles, 60,000 Cathay Asia Miles or 900 Air New Zealand Airpoints Dollars. Alternatively, you could redeem those ANZ Reward Points for a $800 digital gift card.

Plus, when you meet the spend target, you’ll receive $150 back to your new ANZ Rewards Black card.

To give you an idea, it would cost 71,000 Velocity points (plus taxes & carrier charges) to book a return Virgin Australia Business Class flight from Adelaide to Darwin.

Or, with Cathay Asia Miles, you could redeem for flights on Cathay Pacific and its Oneworld partner airlines. For example, 66,000 Cathay Asia Miles (plus taxes & carrier charges) would be enough for a round-trip Business Class redemption on Malaysia Airlines from Perth to Kuala Lumpur. That would also be enough for a return Qantas Business Class trip on most Australian domestic and trans-Tasman routes.

This sign-up offer does not have a fixed expiry date but may be changed or withdrawn at any time.

The offer is not available to existing ANZ Rewards cardholders, or if you have been the primary cardholder of an ANZ Rewards credit card in the past 12 months. However, holding an ANZ Frequent Flyer credit card that earns Qantas Points would not exclude you from this offer.

Earning ANZ Reward Points

With the ANZ Rewards Black card, you’ll earn 2 ANZ Reward Points per $1 spent on eligible transactions (excluding government payments) up to the first $5,000 spent per month. That’s effectively an earn rate of 1 Velocity point or 0.67 KrisFlyer miles per dollar.

After spending $5,000 in a given monthly statement period, you’ll earn 1 ANZ Reward Point per dollar on any remaining spend.

There is no cap on the total amount of points you can earn.

ANZ Reward Points are valid for 3 years, but unused points do expire at the end of the third year after they are earned. You can use your points or transfer them to a frequent flyer program before this time to avoid losing them.

Earning points for ATO & government payments

The ANZ Rewards Black card does not award any points on payments made directly to the ATO or other government bodies in Australia.

However, you can use a payment service such as pay.com.au or Sniip to pay tax and other bills with this card, and still earn points at the full rate!

Redeeming ANZ Reward Points

ANZ Reward Points can be converted to 4 different frequent flyer programs. Here’s the full list of ANZ Rewards transfer partners:

Transfer partners	1 ANZ Reward Point equals…	Minimum redemption
Air New Zealand Airpoints	0.005 Airpoints Dollars	2,000 Reward Points
Cathay (Asia Miles)	0.33 miles	3,000 Reward Points
Singapore Airlines KrisFlyer	0.33 miles	1,500 Reward Points
Virgin Australia Velocity	0.5 points	2,000 Reward Points

See our Overview of ANZ Rewards Transfer Partners for more information.

Alternatively, you could redeem your points through the ANZ Rewards program for rewards including:

• Gift cards
• Cashback
• Merchandise from the ANZ Rewards Store

Other card benefits

Complimentary travel insurance

This card comes with complimentary domestic and international travel insurance. This insurance is underwritten by Allianz and is available when you spend at least $250 on prepaid travel costs before leaving Australia. You must be aged under 81 years old and have a return overseas travel ticket before leaving Australia.

The card also comes with complimentary rental vehicle excess in Australia, extended warranty insurance and purchase protection insurance.

Before using this insurance, we’d encourage you to read the PDS here.

Cashrewards partnership

ANZ has also joined forces with Cashrewards to offer its customers great cashback offers both online and when shopping in person. You can link your ANZ credit card to your free Cashrewards account to access Cashrewards offers when shopping in-store with its retail partners.

Summary

Frequently Asked Questions (FAQs)