ANZ Frequent Flyer Credit Card

Offer
Card features
balance transfer
purchase rate
annual fee
Apply
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
-
19.99% p.a.
ongoing
$0
1st year
then $95

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 response within 60 seconds of application.
ANZ Mobile Pay, Google 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.

Our review

Our review of the ANZ Frequent Flyer Credit CardReviewed by Yvonne Taylor

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, Google 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

Reviews from users

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.

Both Visa and AmEx cards on ANZ FF account

Reviewed and recommended by Lynette on 08 Oct 2013

We are particular thankful that ANZ gave us the opportunity to have an American Express card as well as the Visa card we have held for a number of years. It is great to be able to receive more frequent flyer points by using American Express with those merchants who accept this card. We were also SO thankful that ANZ kindly reimbursed our money when someone stole our credit card details some year ago while we were in PNG and used them to buy an item costing 100 British pounds from a store in Derbyshire in England. Our trust in our bank shot right up after that incident.

Really like it!

Reviewed and recommended by Dockgirl on 05 Sep 2013

This card is accepted everywhere and I have great confidence every time I use it. I only use internet banking and find it really easy with this card. I earn frequent flyer points and generally accumulate enough points for a free flight every year just by using the card. They have great security, someone was “fishing” on my account and ANZ contacted me instantly and they cancelled my card and issued a new one on the spot.

Have no problems so why change

Reviewed and recommended by Lorraine on 20 Aug 2013

I have had this card for many years and as long as I pay the balance a few days before the due date, I don’t pay interest. I always make sure I pay well before the due date and don’t incur interest or late payment fees on my card ever.

Fees for reward program

Reviewed and recommended by Yvonne on 07 Jul 2016

Good card, secure, but fees for rewards program are quite high. ANZ is a good bank to bank with, and I do value the security and trust I have with the bank. I like to keep all of my accounts in the one place and have them conveniently linked together.

Great card, but high fees

Reviewed and recommended by Natalie on 01 Jul 2016

There is a high annual fee, but the QFF points are invaluable and have afforded me a free flight from Adelaide to Hobart for two adults each year. ANZ are particularly proactive with regards to security—they send an SMS text when suspicious activity is detected on your card. This has occurred three times since I got the card eleven years ago, and ANZ have been outstanding in handling it each time.

Not very pleased with this card

Reviewed and not recommended by Mike Lise on 20 Jun 2015

I’m not very pleased with the card. It has a high annual fee and an extra charge for any secondary cardholders. Furthermore, we are getting less than half the points for each dollar spent (more like a third). So, for me, it feels like quite a rip off. I am looking at changing to another frequent flyer card.

I got a lot of points

Reviewed and recommended by Moira on 19 Jun 2015

Easy credit card to use. It has a high interest rate, but good credit limit and you earn frequent flyer points too. I also got an American Express card too. Can be used everywhere around the world.

Easy to apply and to pay off the balance each month. I’m generally very happy with this card and would recommend it to everyone.

Interest free shopping

Reviewed and recommended by Ritz on 08 Sep 2015

If you pay off your balance you can shop with no interest – keep a close eye on your account with internet banking and reap the benefits! It is convenient and safe to use wherever you go local or overseas, just keep track all the time with internet banking. I find I can book flights and accommodation when there is a special and then just budget to pay it off in full – so no interest charged! :)

User friendly card in many ways

Reviewed and recommended by Jacqui F on 01 Apr 2014

Very user friendly card, I collate points easily. ANZ are very easy to work with. No lengthy phone queues, always very helpful. User friendly internet banking. Communication is key these days. They cover this on many levels of service, online, in person, when purchasing. What more could you ask for.

Show 41 more reviews
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.

The basics

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 & points

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

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
Points earned on ATO payments
N/A
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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