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ANZ Rewards Black: High Points, High Fee — Worth It?
ANZ Rewards Black offers an incredible 180,000-point welcome bonus, but the A$375 fee is steep. Is it the right card for you?
The Quick Version
The ANZ Rewards Black card dangles a hefty 180,000-point welcome bonus and the highest ANZ Reward Points earn rate. But with a A$375 annual fee and a minimum credit limit of A$15,000, it's a card designed for high spenders.
Rates shown are representative. Your actual rate depends on your credit profile. This is not financial advice.
ANZ Rewards Black Credit Card
ANZ Rewards Black's appeal lies in its generous welcome bonus and high earning potential.
ANZ Rewards Black Credit Card
Fees & Rates
ANZ Rewards Black charges a total annual fee of A$375 (A$320 plus a A$55 rewards service fee). The purchase rate sits at 20.99% p.a., which is steep, especially if you carry a balance. According to ANZ's official page, the rewards rate is 2 points per A$1 for the first A$5,000 spent each statement period.
What's Actually Good
The card shines with a lucrative 180,000-point welcome offer and the highest points earn rate among ANZ cards. Points can be transferred to major airline programs like Velocity and KrisFlyer. You'll also enjoy complimentary travel insurance and purchase protection, and a 24/7 personal concierge service adds to the premium feel.
The Catch
The A$375 annual fee is a hurdle, and the minimum A$15,000 credit limit makes it less accessible. The earn rate drops after A$5,000 in monthly spending, and the 20.99% p.a. purchase rate is punishing if you're not paying off your balance each month. The welcome bonus requires a significant A$5,000 spend in 3 months and a 15-month tenure to get the full points.
This Card Is For You If...
If you're a big spender who can comfortably handle a A$15,000 credit limit and are looking to maximize rewards on everyday purchases, this card could be a great fit. It's also ideal if you travel frequently and can take full advantage of the transfer partners and travel perks.
The Bottom Line
The ANZ Rewards Black card is a powerhouse for those who spend big and pay off balances each month. If you're looking to maximize rewards and enjoy premium perks, it's worth considering despite the hefty fee.
