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.
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 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

Very pleased

Reviewed and recommended by Ron's survey on 20 Oct 2013

Never had a problem. Get good frequent flyer points. It is also linked to an American Express Catd which is Ok if used where surcharge does not apply – get more frequent flyer points. American Express Card only free of surcharge at Supermarkets – Coles and Woolies and at Shell service Stations. No good in restaurants and Caltex petrol statiosn

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.

I like the frequent flyer points

Reviewed and recommended by Ali on 01 Aug 2013

I like the frequent flyer points I can earn, but the interest rate is a bit high. It is convenient as it is accepted everywhere and makes internet shopping easy. I first got it for use when I travel overseas. I’m not sure about the pay wave system, could be easy to use if stolen.

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 along the way

Reviewed and recommended by John on 01 Jul 2016

I don’t like high fees, but I do like rewards. How else could I have built up over 200,000 Qantas Frequent Flyer points without doing anything else but use my frequent flyer credit card and a few flights? I don’t need anything else to get me flying further.

Points transfer quickly straight to Qantas

Reviewed and recommended by Nicholas on 01 Aug 2013

Great that I can use one card and get my flyer miles at the same time so no need to carry extra cards for bonus points and no need to get an extra card out of my wallet when paying for things! All the frequent flyer points go straight to my Qantas frequent flyer points and I can spend them any way I choose.

Good security and customer service

Reviewed and recommended by Michael on 29 Oct 2013

I have been a customer for 17 years, having joined soon after I became a Qantas Frequent Flyer. In that time the ANZ have alerted me to its fraudulent use overseas, which I greatly appreciated. Any phone inquiries have been answered with courtesy and I have been pleased with any resolution.

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.

Rewards are achievable

Reviewed and recommended by Sylvia on 30 Sep 2013

Rewards are achievable unlike other cards where u have to spend a fortune to get a small item. U can either buy an item or fly somewhere. We go traveling every 3 years and have bought items like an iPad. It’s a great reward to get free gifts.

My very handy card

Reviewed and recommended by My very handy card on 04 Sep 2014

I am very happy with the service given to me by my branch of ANZ and the credit cards they supply.
I always feel confident that they sill be accepted where ever I may be, even in other countries.
I find the fees charged are fair for the services received.

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: Points required accurate as of the 31st March 2018.

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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