Eligibility criteria, T&Cs, fees and charges apply.
^ Flight available to accountholder only. Flight restrictions apply.
^^ Passes available to accountholder only. Lounge conditions apply.
†Conditions, exclusions and limits apply. QBE Insurance (Australia) Limited ABN 78 003 191 035 has issued a group policy to ANZ, which eligible cardholders may be able to claim under. Consider the PDS at anz.com for eligibility and to see if this product is right for you.
Travel now, and be rewarded with future travel. That’s the clear message attached to the new ANZ Rewards Travel Adventures Card.
Explore Australia, inspired by a free annual domestic return flight and two lounge passes and backed by domestic travel insurance and car rental insurance excess cover.
Globetrotters will be encouraged by complimentary international travel insurance, a platinum concierge service, surcharge-free foreign transactions and overseas ATM withdrawals exempt from cash advance fees.
And every dollar spent on these enterprising journeys earns ANZ Rewards points to make your next travel project more affordable.
Two cards to maximise points earning
Your card account comes with an AmEx/Visa card combination. Use your AmEx card wherever it is accepted, to take full advantage of its higher points earning rate. Bring out your Visa card whenever Amex is declined or attracts a surcharge. The earning rates on purchases are:
Earn even more points with bonus partners
Boost your points earning by directing your expenditure towards ANZ Rewards program partner businesses. Stamford Hotels, for example, will give you an extra 2 pts per $1 spent on both the AmEx and Visa cards. Book online at Hoyts to score an extra 1.5 points per dollar on the Visa card. Visit Queensland using your free flight and get a 2.5 points per dollar boost when you visit Dreamworld or WhiteWater World. More bonus points are available at Prouds, Adairs, ACE Insurance and the ANZ Rewards Travel Service.
Redeem points for travel, entertainment, gift cards and merchandise
Travel is this card’s number one priority, and you’ll probably get the most cost-effective return for your points by redeeming them for air travel options. There are plenty of other choices, however, and here are some of them:
If you don’t have quite enough points for your chosen redemption you will often be able to choose Points + Pay, and pay the balance in cash. Want to stick to the same redemption permanently (e.g. converting to points with a specific airline)? In this case you can set up an auto-redemption, and ANZ will take care of it for you until you advise them you want to change.
Free domestic return flight every year
It’s a travellers card, and travellers can explore Australia with a complimentary domestic return flight every year. Just spend $500 in the first three months after card approval, and after that you will automatically qualify for a free Virgin Australia domestic return flight annually.
From Sydney, for example, you could fly to a long list of eastern seaboard destinations, plus Adelaide, Perth, Darwin and Ayers Rock. You need to book your flight at least 60 days before you plan to travel. Unused flight entitlements will expire: they cannot be carried forward to the following year.
Two complimentary single-entry lounge passes, every year
To make your domestic air travel a relaxing experience, ANZ are also offering two free single-entry passes to Virgin Australia domestic lounges, again annually. These normally cost $65 each, so together they are worth $130 in any year that you use them. Once again, the entitlement expires in any year that it is not used. Since the lounge passes themselves are valid for 12 months once they are issued, you may as well apply for them as soon as they become available each year.
No foreign transaction fees
For overseas purchases, most credit cards charge a foreign transaction fee of 2-3% on top of the purchase amount, after it has been converted to Australian dollars. In fact, even if the original purchase was made in Australian dollars, the fee is still levied if the transaction was made from an overseas vendor, or processed overseas.
So the absence of any foreign transaction fee on this card is a boon for both travellers and online shoppers. While the percentage sounds small, the dollars can soon add up if you plan to use your card on an extended overseas trip, and a 3% surcharge can easily make the difference between an online bargain and a price that is no better than average.
Waived cash advance fee at overseas ATMs
Using your credit card to withdraw cash while travelling overseas is not the smartest thing to do, since you’ll immediately start paying interest on the amount withdrawn: there are no interest-free days with cash advances. But in an emergency situation you may need to use this line of credit, and it’s comforting to know that if you’re withdrawing cash from an overseas ATM, ANZ will waive the normal 2% cash advance fee that applies in Australia.
Complimentary insurance for the traveller and the shopper
Travellers and shoppers can use the card with confidence, secure in the knowledge that they are protected by seven built-in insurance policies:
Cover is activated by purchasing the item or paying fares with the card, except in the case of overseas travel cover, which is triggered by using the card for at least $250 of the trip’s prepaid expenses (a very moderate requirement when compared with many other cards).
Since this is a platinum card account, it comes with some other useful features:
Fairly standard interest rates
There’s nothing remarkable about the credit-card-typical interest rates attached to this card. The ongoing purchase interest rate is 20.24% p.a. Avoid it by taking full advantage of the Up to 55 days on purchases each month, and always paying the account balance in full on or before the due date for payment. Sidestep the 21.74% p.a. cash advance rate by never using your credit card for a cash advance. (Look for another way with a lower interest rate.)
There are no introductory discounted interest rates for either purchases or balance transfers. In case you hadn’t noticed, it’s all about travel.
Security and the latest apps
Your card will be protected by up-to-the-minute safety features, and powered by the newest mobile finance apps.
Suspicious transactions are monitored by ANZ Falcon, and you’ll be alerted if they occur. If they turn out to be fraudulent, and not your fault, you’ll be protected by the ANZ Fraud Money Back Guarantee. Should your card be lost or stolen, you can rely on worldwide emergency credit card replacement.
Got an iPhone or Android mobile device? Then you can use ANZ goMoney to view your account status and transaction history. Plus you can download ANZ Mobile Pay or ANZ with Apple Pay to use your compatible device to tap and pay (instead of having to drag your card out of your wallet). You get just the same guarantee of security as you would if you used your plastic card.
And never miss a payment due date again. Just set up Card Pay Direct to have a set amount, or the account closing balance amount, or the minimum monthly repayment, deducted from your account with any Australian financial institution.
$225 p.a. annual fee
The annual fee of $225 p.a. (plus $65 p.a. each for up to 9 supplementary cards) is certainly not a small sum. But it is more than realistic for a rewards card with every type of credit card complimentary insurance. Cards which include all seven standard credit card insurance policies are often more expensive than this.
In fact, the fee is more than offset by the annual free flight and lounge passes. Even if you only fly between Melbourne and Sydney, the return flight is probably worth at least $180. Add $130 worth of lounge passes, and you’re well ahead before even starting to factor in the value of rewards points and insurance.
This is a unique bundle of benefits, so it’s difficult to assess where the competition lies.
The American Express Velocity Platinum Credit Card has the same free Virgin flight and lounge pass benefits, but less insurance cover and the disadvantage of a 3% foreign transaction fee and a very high $349 p.a. annual fee.
The Coles Rewards MasterCard $89 p.a. and the 28 Degrees MasterCard ($0 p.a. annual fee, no rewards points) are both free of foreign transaction fees, but they also come with no complimentary insurance attached.
A card for the domestic traveller
In spite of the international travel insurance and the absence of a foreign transaction surcharge, this is a card most suited to the regular domestic traveller, and perhaps only occasional overseas adventurer. The auto-redemption facility can effectively make it a Velocity points card for Virgin frequent flyers, with the extra flexibility of other redemption types if required. Add in the free flight, lounge passes, domestic travel insurance and stand-alone rental vehicle excess cover, and it’s clearly the ideal card for anyone who needs to travel in Australia for either business or leisure.
Reward Points and Bonus Reward Points accrue in accordance with the ANZ Rewards – Rewards Program Terms and Conditions (please call 13 13 14 for a copy). Purchases exclude cash and cash equivalent transactions. This Reward Points information displayed on this page applies to new customers only. Existing customers may be subject to a different Reward Points earn rate on both their ANZ Rewards American Express card and/or ANZ Rewards Visa card. Existing customers should call 13 22 73 for information regarding the Reward Points earn rate that applies to their account.
A free domestic return flight each year after spending $500 is a good starting point.
Rewards earning rates are OK. You get points to convert to Virgin or Krisflyers, nothing fancy. If you travel overseas a lot, you get the currency conversion fee waived.
The $220 annual fee is expected for this type of credit card.
|Cash advances||1.81%||21.74% p.a.|
Valuation based on the assumption of making a $250 claim once every 5 years. There is no retail market for all-encompassing extended warranty insurance covering more than one item, so no premium saving.
Guaranteed pricing / price protection insurance
Valuation based on the assumption of making a $100 claim once every 10 years. Extensive conditions apply. There is no retail market for this type of insurance, so no premium saving.
Valuation based on the assumption of making a $200 claim once every 5 years. There is no retail market for this type of insurance, so no premium saving.
Airport lounge membership and/or access
Valuation based on two single entry passes to Virgin Australia lounges.
Valuation based on a Virgin Australia domestic Saver Fare return flight from Sydney to Melbourne.
Interstate flight inconvenience insurance
Valuation based on similar domestic travel insurance policies available online that include interstate flight inconvenience.
Overseas travel insurance
Valuation based on similar annual travel insurance policies available online for trips of up to 60 days.
Rental vehicle excess cover (separate from travel insurance)
Valuation based on similar rental vehicle excess insurance policies available online.
Transit accident insurance
Valuation based on similar global transit accident insurance policies available online.
|Total estimated value||$1,801|
|Net customer value||$1,576|