ANZ Frequent Flyer Credit Card

My monthly spend: 
$5,000
 
offer
card features
rewards program
earn rate
sign up bonus
your earnings
25,000 points when you spend $2,500 in 3 months.
$0 p.a. annual fee for the first year.
Complimentary Qantas Frequent Flyer membership.
Add to comparison
Qantas Frequent Flyer
Qantas Frequent Flyer
0.25 pts
per $1 spent capped
25,000
points
after spend criteria

Pros & cons

What's good?

What's not so good?

25,000 points when you spend $2,500 in 3 months.
$0 p.a. annual fee for the first year.
Earn 0.5 Qantas Points per $1 spent on eligible purchases up to $500 per statement period.
Complimentary Qantas Frequent Flyer membership saving you $89.50 if you aren’t already a member.
Only a low minimum income of $15,000 required for eligibility.
Instant approval process within 60 seconds of application.
ANZ Mobile Pay, Android Pay, Samsung Pay™ and Apple Pay let you use your compatible Android or Apple device to tap and pay.
The second year annual fee is a rather sizeable $95 p.a.
0.25 Qantas Points per $1 spent on eligible purchases above $500 per statement period.
No special balance transfer offer for this card.

Review

Our review of the ANZ Frequent Flyer Credit Card

It’s all about the points, and only about the points, and that’s good news for dedicated Qantas Frequent Flyer points collectors who are sick of paying for bells and whistles they neither need nor want. The ANZ Frequent Flyer Credit Card lives up to its name, delivering Qantas points and little else, and in the process presenting one of the lowest annual fees for a rewards program card.

First year annual fee waived, but no mate’s rates after that

The very reasonable $95 p.a. annual fee has two components – a basic fee of $40 plus a rewards program service fee of $55 – and it’s waived completely in the first year. Plus you can have up to 3 supplementary cardholders to help you earn those valuable points. All good news so far. Unfortunately, after the first year waiver expires you’ll pay $65 ($10 + $55) for each and every additional card as well as the $95 p.a. for your own, so you need to be pretty sure your partner/child/parent is going to earn enough points to offset the steep cost. Even at an optimistic value of 1.5 cents per QFF point, each supplementary cardholder needs to spend $4,333 per year before they enter positive territory.

Most cards – even rewards cards – don’t charge for additional cardholders, so ANZ is going out on a limb with this high charge.

Big points boost to get you started

That’s all down the track in the second year, however, because at first it’s handout heaven, with 25,000 points injected into your account provided you spend$2,500 in 3 months. You could use the 25,000 points for three one-way economy flights between Sydney and Melbourne. You’ll need to be a new ANZ cardholder to qualify for the bonus points, not just switching from another ANZ card.

Complimentary Qantas Frequent Flyer membership

Qantas charge a $89.50 joining fee for new entrants to their frequent flyer program, but ANZ will pay this fee on behalf of a cardholder who is not already a member.

Reasonable points earning rate for a Visa card, but it’s capped

It’s a recognised fact that Visa cards don’t earn rewards points at the same rate as AmEx cards, and this is a stand-alone Visa card. The 0.5 points per dollar earning rate is also not as high as the scale offered by the ANZ Frequent Flyer Platinum and Black credit cards, but it’s realistic given the much lower annual fee for this card.

Unfortunately, there’s a very low $500 monthly points cap, after which the rate falls to a disappointing 0.25 pts per $1 spent. The fact that the minimum credit limit of $1,000 is double the amount of the cap makes it seem even more restrictive.

Bonus partner points

The fact that ANZ has organised a number of bonus point partners takes some of the sting out of the low cap. When you use your card to make purchases from these businesses you get an additional one point per dollar. This is on top of the standard 0.5 points automatically earned. The bonus partners are:

  • Qantas (for flights, Qantas holidays and QFF and Qantas Club membership)
  • Hertz car rental
  • Fone Zone
  • Stamford Hotels
  • Gold Coast theme parks Dreamworld and WhiteWater World
  • ACE Insurance

These bonus points are uncapped. You can still earn them when you have exceeded the monthly spend cap for regular purchases.

Standard interest rates

It’s a frequent flyer points card, front and centre, so there are no special interest rates or other financial inducements. There are Up to 44 days on purchases each month, not the more accommodating 55 days, and there’s no introductory interest-free purchase period or interest-free balance transfer option.

If you don’t pay off your purchase balance in full each month you’ll lose your interest-free days and start paying interest on the daily balance at 19.99% p.a. That’s a fairly typical credit card rate, and so is the 21.49% p.a. on cash advances.

Up-to-the-minute technology and security

ANZ Visa cardholders can take advantage of ANZ Visa payWave to make contactless purchases without a PIN for amounts under $100. ANZ’s goMoney app provides a way to manage your card account on your iPhone or Android. The card is also eligible for use with Apple Pay, Android Pay and ANZ Mobile Pay, to allow you to tap and pay securely with your smartphone or other mobile device instead of using your card.

ANZ Falcon monitoring offers constant protection against potentially fraudulent transactions, and worldwide emergency card replacement lets you travel with confidence.

Visa Entertainment the only complimentary benefit

The card comes with Visa Entertainment membership, giving you access to special events, entertainment packages and pre-sale concert tickets.

There are no complimentary travel, extended warranty or other types of insurance policy with this card.

Optional extra if you want to pay

ANZ has added a link on its card website to an optional extra that you actually have to pay for, making it more of a marketing exercise than a benefit. By paying a premium of 0.6% of your card account’s closing balance each month (that’s 60 cents per $100) you can get Credit Card Insurance to help you with repayment of your card account balance in the event of your serious illness or injury, involuntary unemployment, permanent disability or death.

A card for QFF enthusiasts

There’s no doubt that this is an ideal card for keen Qantas points collectors with an eye for cost effectiveness and no interest in other 'benefits’ they may not use. It’s a pared-back card with no nonsense about free insurance but plenty of tempting offers in the first year. However, after receiving the bonus points you’ll need to be prepared to see your points accumulate at only a moderate pace.

User reviews

3.9 out of 5.0 based on 51 reviews84% of reviewers would recommend this card.

Rates and fees
Rewards
Customer service
Convenience
Trust
Disclaimer: The opinions expressed about credit cards are the reviewer's alone, and do not reflect the views of Credit Card Compare or the credit card issuer. Reviews have not been approved or otherwise endorsed by Credit Card Compare.

Bonus with my spending

Reviewed and recommended by Harita on 14 Apr 2017

I love that I get frequent flyer points for every dollar spent on my credit card. It’s like having an extra bonus that can be used in the future to offset my travel. It definitely gives ANZ the competitive edge.

I would recommend this card to anyone looking for a reliable credit card service.

50K QFF points

Reviewed and recommended by Peter on 03 Apr 2017

This card has a very good 50K Qantas FF points opening bonus. The card’s yearly fee is quite low and it comes with a free travel insurance policy, which is a good deal for any traveller.

You get a Visa and AmEx at the same time, so you have the extra convenience of having two cards instead of one. AmEx earns more points but Visa is more widely accepted.

Switched to this card, which suits my situation

Reviewed and recommended by Clara on 08 Jan 2017

I switched to this card on recommendations from ANZ staff, and found them to be very helpful. They explained the benefits of the switch and it was completed with minimal fuss. To my understanding, this card better suits my situation than my previous card. I wish I had consulted ANZ staff earlier to receive better value.

Great perks, reasonable fee

Reviewed and recommended by Dinesh on 23 Nov 2016

It’s a good card with great perks (travel insurance is great). I’ve been using this card for many years now and have always been happy/impressed with the ease of use and quality of service.

Accumulating frequent flyer points is easy and very useful due to travel arrangements. ANZ has been reliable in their service and I’ve not had any issues when using the card/accessing the account. The fee is reasonable for the service you are getting.

Points and travel insurance from a trusted bank

Reviewed and recommended by Ali on 16 Nov 2016

This card is really good. I have had no problems really, as it is backed by one of the big banks whom I trust.

I love the fact that the FF points are automatically linked and transferred too. It also includes insurance when travelling overseas when you use the card to spend approximately $250 towards your travel.

Great rewards

Reviewed and recommended by Kerry on 22 Oct 2016

This is a good credit card with rewards. To make the most of the card you need to pay all the closing balance each month by the due date specified — great if you are disciplined.

Using the American Express card earns you more points, however not as many outlets take American Express.

Qantas points continually reduced

Reviewed and not recommended by Max on 24 Sep 2016

This card is easy to use, with great functionality. Yearly fees are high, however.

Your rewards points don’t get added until three months after the goods are purchased. High fees are charged when used overseas.

It’s not worth keeping this for Qantas points any more, as ANZ is continually reducing the amount of Qantas Frequent Flyer points you can earn.

Good rewards but high fees.

Reviewed and not recommended by Tracy on 23 Aug 2016

1 point for every $2 spent, yearly fees over $100, and a short interest-free period. There are better rewards cards out there. The statements are mailed really late so it’s easy to miss a payment, and their online banking is difficult to set up. I think for the yearly fee there are better deals available.

This card suits me

Reviewed and recommended by Jess on 19 Aug 2016

I have had this card for over 10 years and it works for me. I have accumulated sufficient points for several Aussie adventures. It has never been refused on overseas trips or here in Australia. Replacement when lost was easy and quick.

I am considering looking around to see if I can find a better deal which will give me at least 1 point for every dollar spent instead of the 1 point for each $2 spent, but I still want it to be a Qantas rather than Virgin-linked card.

I pay the balance each month so the interest rate is of lesser importance, though certainly it is unreasonably high.

You can have your cake and eat it too

Reviewed and recommended by Anita on 15 Aug 2016

ANZ Frequent Flyer allows you to live your life comfortably. Don’t dream of flying away from your bad credit and debts. Live grounded with ANZ, a big bank that allows you to dream big without compromising on essentials. Live a little, frequently.

ANZ has conveniently located ATM machines, branches and internet availability.

Show 41 more reviews

Basic details

About this card

Card setup
Single
Card tier
Standard
Card type
Visa
Card use
Personal
Credit rating
Good
Gambling transactions allowed
No
Joint application
No
Minimum age
18 years old
Minimum income
$15,000
Minimum income for pensioners
Same as standard
Pensioners
Rewards program
Qantas Frequent Flyer
Temporary residents
Yes

Cardholders

Additional cardholders
3
Additional card fee
$65 p.a.

Credit limits

Minimum credit limit
$1,000
Maximum credit limit
N/A

Repayments

Interest charged from
Purchase date
Interest free period
Up to 44 days on purchases
Minimum repayment
2%

Rates & fees

Ongoing interest rates

MonthlyAnnually
Cash advances 1.79% 21.49% p.a.
Purchases 1.67% 19.99% p.a.

Fees

Annual fee
$0 p.a.
Annual fee 2nd year
$95 p.a.
Cash advance fee
2%
Dishonour fee
$6
Duplicate statement fee
$0
Foreign exchange fee
3%
Late payment fee
$20
Over limit fee
$20
Overseas ATM balance fee
$0
Overseas ATM withdrawal fee
$4
Overseas emergency card replacement fee
$0
Transaction verification fee
$0

Rewards

Cool stuff you can get with your points

Disclaimer: Does not include taxes, fees, or charges. Accurate as of 25th January 2016.

Rewards program basics

First purchase bonus
25,000 points
Reward points expiry
Never as long as you keep your account active
Rewards program
Qantas Frequent Flyer
Spend required for bonus points
$2,500 in 3 months

Earning points with this card

ATO payment earns rewards
N/A
Frequent flyer points
0.25 pts per $1 spent
Overseas earn rate
Same as standard earn rate
Points cap per month
3,000
Points cap per year
36,000
Reward points
N/A

Additional benefits

Airport lounge access
No
Complimentary flight voucher
No
Concierge service
No

Benefits

This card comes with benefits worth an estimated $18

TravelEstimated value
Waived Qantas Frequent Flyer joining fee
Valuation based on $89.50 Qantas Frequent Flyer joining fee spread over 5 years.
$18
Total estimated value$18
Annual fee$0
Net customer value$18
Disclaimer: Details of who, what, and where coverage applies to, as well as its duration and any coverage limitations will be listed in the credit card insurance product disclosure statement (PDS) on the card issuer's website. The names/labels of complimentary insurance products may differ from one issuer to another. Terms and conditions apply. Always check the insurance PDS when considering a financial product. Accurate as of 31st October 2015.

Minimum criteria for this card

What you need before applying

Be over 18 years old
You are a resident or citizen of Australia
Earn a regular income of more than $15,000 per year
Have a good credit history
You have your personal details ready to complete the online application
Have not applied for multiple credit cards recently
Joint applications are not allowed
Temporary residents are eligible
Age Pension, Disability Pension and Veteran's Pension are acceptable.
Overseas Pension and Widower's Pension are not acceptable.
Carer's Allowance, Child Support Payments and Family Tax Benefits and Parenting Payments are acceptable.
Austudy, Foster Care Allowance and Youth Allowance are not acceptable.
Disclaimer: The minimum criteria pointers are intended only to be a guide. Your application may still be rejected by the bank even if you can answer 'Yes' to all the minimum criteria. The final decision regarding your application is up to the bank.

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