ANZ Rewards Black Credit Card

1 review

Data last updated 27 July 2026

20.99%

Purchase rate

$320

Annual fee

180,000

Bonus points

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CardIQ

50Fair

Fair

Overall score, out of 100 · How this works

Balance transfer32
Frequent flyer56
Rewards50
Sign-up bonus64
Travel41
Velocity Points56

What people say online

Mostly positive

Our ongoing analysis of online discussion about this product.

The ANZ Rewards Black Credit Card delivers strong rewards earning and valuable travel perks but carries a substantial annual fee that requires consistent spending discipline to justify, though prospective cardholders may face a rigorous approval process if they fall outside ANZ's standard lending criteria.

Customer reviews

4.0

Based on 1 review

LindaDoesn't recommend

They upgraded me with the promise of offers

The card offers entry to airport lounges worldwide, but when we attended they said that this was no longer available. I am paying a much higher fee than platinum and I can see the difference that it makes to me. I also don't like the fact that when you call them it is an…

Pros & cons

What's good

180,000 bonus points to start, worth around $900 at our 0.5c-per-point valuation.
Complimentary international travel insurance, domestic travel insurance, purchase protection and extended warranty.
Complimentary concierge service.
Points transfer to 4 frequent flyer programs, including Air New Zealand Airpoints, Cathay (Asia Miles) and Singapore Airlines KrisFlyer.

Worth noting

The $320 annual fee is toward the top of the market (the median is $70).
The 20.99% p.a. purchase rate sits in the most expensive quarter of cards (the median is 18.99% p.a.) if you carry a balance.
The 2-point rate on everyday spend applies only to the first $5,000 spent each statement period, then drops to 1 point per $1.
3.5% foreign transaction fee on overseas spending, at the high end of the market.

Card details

The basics

Additional cardholder fee: $65 p.a.
Card tier: Black
Card type: Visa
Card use: Personal
Credit limit: $15,000 – $100,000
Credit rating: Good
Rewards program: ANZ Rewards Program

Eligibility

Instant approval: Yes (response in ~60 seconds)
Joint application: No
Minimum age: 18 years old
Minimum income: Not specified
Residency: Australian citizen or permanent resident
Temporary residents: Eligible

Rates & fees

Ongoing interest rates

Cash advances: 21.99% p.a.
Purchases: 20.99% p.a.

Fees

Additional cardholder fee: $65
Annual fee: $320 p.a.
Cash advance fee: 3% of the amount
Foreign transaction fee: 3.5%
Late payment fee: $20

Repayments

Interest-free period: Up to 44 days on purchases
Minimum repayment: 2% of the closing balance or $25, whichever is greater

Balance transfers

Limit: Up to your available credit limit
Period: 0 months
Promotional rate: 21.99% p.a.
Revert rate: 0.00% p.a.
Transfer fee: 0%

While you carry a transferred balance you may not receive interest-free days on new purchases.

Introductory purchase offer

This card has no introductory purchase rate offer. If you're carrying a balance or planning a big spend, compare 0% purchase cards.

Rewards

Earn rate

Everyday spend: 2 pts per $1 up to $5,000 per statement period
Bonus categories: None
Other purchases: None
Overseas spend: None
ATO/government: None
Reduced rate above monthly cap: 1 pt per $1 above $5,000 per statement period
Points cap: Uncapped
Points expiry: Points don't expire while your account is open and in order.

Sign-up bonus

Bonus spend required: —
Sign-up bonus: 180,000 points

Transfer partners

Air New Zealand Airpoints: 200 pts → 1 pt (Minimum transfer 2,000 pts, ≈ 1 pt per $100)
Cathay (Asia Miles): 3 pts → 1 pt (≈ 0.67 pts per $1)
Singapore Airlines KrisFlyer: 3 pts → 1 pt (≈ 0.67 pts per $1)
Velocity Frequent Flyer: 2 pts → 1 pt (≈ 1 pt per $1)

Where these points could take you

Flights you could book with the sign-up bonus plus a year of spending $3,000 a month on this card. One-way from Sydney or Melbourne, one adult, before taxes and carrier charges. Award prices and seat availability change.

Complimentary insurance

Cover has conditions and exclusions, which are set out in the issuer's PDS. A missing row means we haven't captured that figure, not that the cover is absent.

Overseas travel

Activation: Prepay part of the trip on the card
Activation spend: $250
Age limit: 80 years
Cover limit: $20,000,000
Excess: $500
Maximum trip length: 180 days
Not covered: Pre-existing conditions, unless the insurer agrees in writing
Underwriter: Allianz Australia Insurance Limited

Rental vehicle excess

Activation: Book with the card and take the hire company's waiver
Cover limit: $5,000
Excess: $100
Voids cover: Unsealed roads, drink driving, a driver not on the agreement
What it pays: The hire company's excess, not the vehicle

Purchase protection

Activation: Pay for the item with the card
Annual limit: $135,000
Excess: No excess
Not covered: Cash, consumables and animals
Per-item limit: $10,000
Voids cover: Leaving the item unattended in a public place
What it pays: Theft, loss and accidental damage

Extended warranty

Activation: Pay with the card for an item under manufacturer's warranty
Annual limit: $10,000
Excess: No excess
Not covered: Anything the manufacturer's warranty already excluded
Per-item limit: $10,000
What it pays: Mechanical failure once that warranty ends

Where this card sits vs similar cards

Compared with every other personal credit card we list that has the feature. The further right the dot, the better this card does.

FeatureThis cardWhere it ranks

Rewards value$360 a yearBetter than most (26th of 95 cards)

Sign-up bonus$900Middle of the market (33rd of 59 cards)

Purchase rate20.99%Not as good as most cards (125th of 196 cards)

Interest-free days44 daysNot as good as most cards (141st of 192 cards)

Overseas fee3.50%Not as good as most cards (152nd of 200 cards)

Annual fee$320 a yearAmong the most expensive (178th of 200 cards)

Data as at August 2026. Rates change often, so check the issuer's terms. Factual information, not a recommendation.

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Sources

Credit Card Compare: Australian credit card statisticsHow CardIQ scores cards
Government: Product reference data (Consumer Data Right)
Issuer: ANZ
Program: ANZ Rewards