The benefits of the ANZ Rewards Black credit card have been specially designed to suit those who frequently make high-value purchases.
While any card works as a payment method, if you want a tool that’s far from basic and rewards you based on your spending, you’ll be happy to know this is the option with the highest ANZ Reward points earn rate.
In short, it’s the ideal partner for those who want to turn every purchase into tangible and exclusive benefits. Let’s dive into the details!
What Cardholders Can Enjoy with your ANZ Rewards Black:
- Special Offer for New Customers: 180,000 extra ANZ reward points and up to $150 cashback, provided you spend at least $3,000 on eligible purchases in the first 3 months after approval.
- Generous Points Program: Earn 2 ANZ reward points for every $1 spent up to the $5,000 spend threshold, and 1 point for every $1 spent beyond $5,000.
- Cashback Rewards: Purchases through the Cashrewards platform can earn cashback! Make sure to check if what you want is available among over 2,000 retailers.
- Included Insurance: For travel and purchases.
- Buy Now, Pay Later: ANZ instalment plan for eligible purchases, allowing you to spread payments over 3, 6, or 12 months.
- 24/7 Concierge Service: Personal assistance with restaurant reservations, accommodation (both within and outside Australia), travel itineraries, and more.
- Real-Time Fraud Protection with Notifications and Monitoring
- Compatible with Digital Wallets
- Up to 44 Days Interest-Free on Purchases
What You Can Do with Your Accumulated Points:
The best part about these rewards is having the freedom to choose how to use them, with plenty of options:
🎁 Gift Cards: Redeemable at more than 25 popular retailers, including JB Hi-Fi, Endota Spa, Myer, and Bunnings. Whether you choose something for yourself or as a gift for others, physical products will be delivered via post.
💲 Cashback: Can be used to reduce your card balance or credited to your ANZ bank account within 2 business days. Keep in mind, cashback isn’t transferable! The conversion rate is $5 for every 1,250 reward points.
✈️ Frequent Flyer Points: For travel lovers, this is the most exciting option. Points can be transferred to frequent flyer programs like Velocity, KrisFlyer, Air Points, and Cathay.
Complimentary Insurance Coverage
By spending at least $250 on travel-related expenses using the card, you receive automatic coverage for a range of mishaps, including flight cancellations, medical assistance, and lost baggage.
Additionally, the ANZ Black card also includes purchase protection and extended warranty on products bought with it, covering accidental damage and theft, while extending the manufacturer’s warranty.
It’s also worth noting that the card comes with the ANZ Falcon security feature, which identifies unusual transactions and blocks them for added protection.
What Might Not Be So Great:
With a hefty annual fee of $375, this card might not be the best choice if you don’t frequently take advantage of its benefits or don’t have a high spending volume.
Additionally, supplementary cards come with an annual fee of $65 each, which, although reduced, still adds up even though they help boost your points accumulation power.
Another thing to keep in mind is that if you don’t usually pay off your card balance in full at the end of the month, the interest rates could become a problem.
Key Fees to Consider:
- Purchases: 20.99% p.a.
- Cash Advances: 21.99% p.a.
- Balance Transfers: 21.99% p.a.
- Primary Card Annual Fee: $375
- Up to 9 Additional Cardholders: $65 per card
- Late Payment Fee: $20
- Foreign Currency Conversion Fee: 3%
Our Final Thoughts about ANZ Rewards Black
The ANZ Black Rewards card offers much more than standard options. Its premium perks, from comprehensive insurance to generous rewards, make it an ideal choice for those looking to get the most out of their purchases and travel.
However, the annual fee and interest rates are important factors to consider, especially if you don’t consistently use the services and benefits offered.
If your lifestyle aligns with these exclusive benefits, this card will be an investment that adds even more value to your everyday life.