How to Apply for your ANZ Rewards Black Credit Card
The ANZ Rewards Black Credit Card is a premium credit card in Australia that provides cardholders with various rewards and benefits, including earning points on eligible purchases and access to exclusive services.
Designed for individuals who frequently use their credit card and wish to maximize rewards, the ANZ Rewards Black Credit Card allows users to earn ANZ Reward Points for every dollar spent on eligible transactions.
These points can be redeemed for a wide range of options such as cashback, gift cards, travel bookings, and transfers to partner airline frequent flyer programs.
In addition to the rewards program, the card offers features like complimentary international travel insurance, and when certain conditions are met, purchase protection insurance, and access to a 24/7 personal concierge service. Cardholders may also benefit from special offers and discounts available through ANZ’s partnerships.
Benefits of the ANZ Rewards Black Credit Card
The ANZ Rewards Black Credit Card offers a range of benefits tailored for individuals who frequently use their credit cards and wish to maximize their rewards. Below are some of the main benefits associated with this card.
High Reward Points Earning Rate
Cardholders earn reward points on eligible purchases at a competitive rate. Specifically, the ANZ Rewards Black Credit Card provides 2 ANZ Reward Points per $1 spent on eligible purchases up to $5,000 per statement period, and then 1 ANZ Reward Point per $1 spent thereafter.
These points can be accumulated and later redeemed for various rewards such as merchandise, gift cards, or travel bookings.
Bonus Reward Points for New Customers
New customers may be eligible for a significant number of bonus ANZ Reward Points upon meeting certain spending criteria within a specified period after card approval.
For example, cardholders might receive 180,000 bonus ANZ Reward Points when they spend $3,000 on eligible purchases within the first three months. This initial boost can enhance the overall value of the rewards program for new users.
Complimentary International Travel and Medical Insurance
The card offers complimentary international travel insurance when certain conditions are met, such as using the card to purchase travel tickets.
This insurance can cover various aspects of travel, including medical emergencies, trip cancellations, and lost or stolen luggage, providing added security and peace of mind during international trips.
24/7 Personal Concierge Service
Cardholders have access to a 24/7 personal concierge service that can assist with a range of tasks. This service includes making restaurant reservations, booking tickets for events, arranging travel plans, and providing general information.
The concierge service aims to enhance the cardholder’s lifestyle by offering convenient support at any time.
Purchase Protection and Extended Warranty
The ANZ Rewards Black Credit Card includes purchase protection insurance, covering the loss, theft, or damage of certain new items purchased with the card for a specified period after the purchase date.
Additionally, it offers extended warranty insurance, which can extend the manufacturer’s expressed Australian warranty on eligible products, providing extra assurance on significant purchases.
Ability to Transfer Reward Points to Partner Programs
Cardholders can transfer their accumulated ANZ Reward Points to partner airline frequent flyer programs.
This feature allows for greater flexibility in how rewards are used, enabling cardholders to redeem points for flight upgrades, award flights, or other travel-related benefits with partner airlines, thereby enhancing the overall value of the rewards program.
Prerequisites to Obtain the ANZ Rewards Black Credit Card
To be eligible to apply for the ANZ Rewards Black Credit Card, applicants must meet specific criteria established by ANZ.
These prerequisites are designed to ensure that potential cardholders have the legal capacity and financial stability to manage the responsibilities associated with the card.
Age and Residency Requirements
Applicants must be at least 18 years old to apply for the card. They should be Australian citizens, permanent residents, or have a valid visa that permits them to live and work in Australia. Proof of residency and legal status may be required during the application process.
Good Credit Rating
A satisfactory credit rating is an essential requirement. Applicants should have a good credit rating, demonstrating a history of responsible credit management.
This includes timely repayments on loans and credit cards, and no recent defaults, bankruptcies, or significant negative credit events. ANZ will conduct a credit check to assess the applicant’s creditworthiness as part of the evaluation process.
Financial Information Disclosure
Applicants need to provide detailed financial information, including their income, expenses, assets, and liabilities.
This information assists ANZ in assessing the applicant’s ability to meet the financial obligations associated with the credit card.
Identification Documentation
Valid identification documents are necessary to verify the applicant’s identity. Acceptable forms of identification may include a driver’s license, passport, or other government-issued ID.
These documents help confirm personal details such as full name, date of birth, and residential address.
Employment Details
Employment information is required to establish the applicant’s source of income and employment stability.
This includes details about current employment status, employer’s name, occupation, and length of employment.
Self-employed individuals may need to provide additional documentation, such as recent tax returns or financial statements, to verify income.
About ANZ as a Financial Institution
The ANZ Rewards Black Credit Card is issued by the Australia and New Zealand Banking Group Limited, commonly known as ANZ. ANZ is one of the largest banking groups in Australia and has a significant presence in New Zealand and the Asia-Pacific region.
The bank’s origins date back to 1835 with the establishment of the Bank of Australasia in Sydney.
Over the years, ANZ has expanded through various mergers and acquisitions. In 1951, the Bank of Australasia merged with the Union Bank of Australia to form the Australia and New Zealand Bank Limited.
Later, in 1970, it merged with the English, Scottish & Australian Bank Limited to become the Australia and New Zealand Banking Group Limited, as it is known today.
ANZ offers a comprehensive range of financial products and services, including personal banking, business banking, and institutional banking. With operations in more than 30 markets worldwide, the bank serves approximately eight million customers.
ANZ is listed on the Australian Securities Exchange (ASX) and the New Zealand Stock Exchange (NZX), reflecting its significant role in the financial sectors of both countries.
Who is this Card for?
The ANZ Rewards Black Credit Card is designed for individuals who regularly use their credit cards for various expenses and wish to maximize their rewards and benefits.
It is particularly suited for those who meet the higher income requirement and are interested in premium features such as earning accelerated reward points, accessing exclusive services like a personal concierge, and enjoying complimentary travel insurance.
This card caters to consumers who value a comprehensive rewards program and additional perks that enhance their financial and lifestyle experiences.
Step by Step to Apply for the ANZ Rewards Black Credit Card
To apply for the ANZ Rewards Black Credit Card, you can follow these steps:
- Visit the Official Website
Go to the ANZ Rewards Black Credit Card page on the ANZ website - Review Eligibility Criteria
Ensure you meet the eligibility requirements, which typically include:- Being at least 18 years old.
- Being an Australian or New Zealand citizen, permanent resident or have more than 12 months left on your visa
- Having a good credit rating
- Gather Necessary Documentation
Prepare the required documents and information:- Personal identification (e.g., driver’s license, passport).
- Proof of income (e.g., recent payslips, tax returns).
- Financial details (assets, liabilities, expenses).
- Employment information (employer’s name, address, contact details).
- Start the Online Application
Press the “Apply online now” green button on the card’s webpage to begin the application process. - Complete the Application Form
Fill out the form with accurate personal, financial, and employment details. The form will ask for information such as:- Full name and contact information.
- Residential address and living arrangements.
- Income and expense details.
- Consent for a credit check.
- Submit the Application
Review all the provided information to ensure accuracy before submitting. Once satisfied, apply online. - Await Confirmation
After submission, ANZ will process your application. They may contact you for additional information or documentation if needed. The assessment typically includes a credit check and verification of the provided details. - Receive the Outcome
You will be notified of the application outcome. If approved, ANZ will send you the credit card along with instructions on activation and use.
ANZ Rewards Black Credit Card Pros and Cons
The ANZ Rewards Black Credit Card comes with several advantages and disadvantages that potential applicants should consider. Below is a detailed examination of the pros and cons associated with this card.
Pros
- High Reward Points Earning Rate: cardholders earn 2 ANZ Reward Points per $1 spent on eligible purchases up to $5,000 per statement period. After reaching this threshold, the earning rate adjusts to 1 ANZ Reward Point per $1 spent for the remainder of the period. This structure allows for significant point accumulation, especially for those who use the card frequently.
- Bonus Reward Points for New Customers: new applicants may be eligible to receive a substantial bonus. For instance, upon spending $2,000 on eligible purchases within the first three months, cardholders can earn 180,000 bonus ANZ Reward Points. This initial bonus can jump-start the rewards experience.
- Complimentary International Travel: when cardholders use the card to pay for travel expenses, they receive complimentary international travel insurance. This coverage can include emergency medical assistance, trip cancellation, and lost or stolen luggage protection, adding value for those who travel abroad.
- 24/7 Personal Concierge Service: the card provides access to a 24/7 personal concierge service. This service can assist with a variety of tasks, such as making restaurant reservations, booking travel accommodations, and securing tickets to events, enhancing the overall user experience.
- Purchase Protection and Extended Warranty: Purchases made with the card are covered by purchase protection insurance, which safeguards against loss, theft, or damage of eligible items for a specified period after purchase. Additionally, the card offers an extended warranty, effectively doubling the manufacturer’s Australian warranty on eligible products up to a maximum of 12 months.
- Ability to Transfer Reward Points to Partner Programs: ANZ Reward Points can be transferred to several partner airline frequent flyer programs, including Velocity Frequent Flyer and Singapore Airlines KrisFlyer. This flexibility allows cardholders to redeem points for flights, upgrades, or other travel-related rewards.
Cons
- High Annual Fee: the card carries a significant annual fee of $375, which is relatively high compared to other credit cards. This fee may offset some of the rewards benefits, especially for those who do not maximize the card’s features.
- High Interest Rates: the purchase interest rate is 20.24% p.a., and the cash advance rate is 21.74% p.a. These rates are on the higher end, which can lead to substantial interest charges if the balance is not paid in full each month.
- Points Capping After Threshold: while the card offers a high earning rate initially, the rate decreases after spending $5,000 per statement period. Purchases beyond this amount earn points at half the initial rate, potentially limiting rewards for high spenders.
- Additional Cardholder Fees: there is a fee of $65 for each additional cardholder. Families or individuals wanting multiple cards may find this cost adds up.
Fees and Tariffs
The ANZ Rewards Black Credit Card has several fees associated with its use. Below is a summary of the main costs:
Annual Fees
- Primary Cardholder Annual Fee: $375 per year.
- Additional Cardholder Fee: $65 per additional cardholder per year.
Interest Rates
- Purchase Interest Rate: 20.99% per annum.
- Cash Advance Interest Rate: 21.99% per annum.
- Interest-Free Period: Up to 55 days on purchases if you pay the closing balance (including any balance transfer or promotional purchases) in full by the due date each month.
Customer Service
Here are the official ANZ Bank channels for assistance related to the ANZ Rewards Black Credit Card:
- ANZ Official Website
- Phone numbers:
- For inquiries within Australia: 13 22 73 or 13 13 14
- For international inquiries: +61 3 9683 9999 or +61 3 8693 5077
- ANZ Internet Banking: Login to ANZ Internet Banking
- ANZ App: You can download the ANZ App for managing your card:
- Customer support page: ANZ Support Centre
- Find an ANZ Branch Near You:
You can visit any of the ANZ Bank branches by using the Find ANZ dedicated page to locate them.
