ANZ Rewards Black
- APR
- 20.99% – 21.99%
- Annual Fee
- A$375
- Rewards
- Up to 2.0%
- Sign-Up Bonus
- A$100
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Our Verdict
The ANZ Rewards Black card is ideal for frequent travellers wanting to maximise their rewards, but its high annual fee may deter casual users.
Pros
- High points earn rate on eligible purchases
- Generous intro bonus of up to 180,000 points
- Comprehensive travel and purchase protections
- Access to exclusive events and offers
Cons
- High annual fee of AUD 375
- High APR of 20.99% for unpaid balances
- Requires meeting spend and tenure conditions for bonuses
- Limited rewards on international transactions
Our editorial team evaluated the ANZ Rewards Black card and found it offers one of the highest points earn rates available. With an intro bonus potential of up to 180,000 points, it appeals to frequent travellers who can meet the required spend thresholds. However, the AUD 375 annual fee is significant, making it less attractive for casual users.
While the bundled travel and purchase protections add value, the 20.99% APR on unpaid balances can be a deterrent for those who may carry a balance. Users should be cautious of the high interest rate, as it could negate the benefits of earning rewards. Additionally, the card's rewards are less favourable for international purchases, which may disappoint globetrotters.
In terms of customer experience, the ANZ app is user-friendly, allowing easy tracking of rewards and spending. However, customer service reviews highlight some delays in response times, which could be frustrating when urgent issues arise. For those considering alternatives, cards like the Westpac Altitude Black offer competitive rewards with lower annual fees, while the NAB Rewards Platinum may provide better value for users who don’t spend enough to justify the ANZ card's costs.
According to the issuer's page (https://www.anz.com.au/personal/credit-cards/rewards-black/), prospective cardholders should weigh their spending habits against the high fees and APR to determine if this card truly meets their needs.
Watch Out
Those who carry a balance should consider the high interest rate, as it can quickly offset any rewards earned.
Best For
Best suited for frequent travellers and high spenders who can leverage the rewards structure effectively.
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