ANZ Frequent Flyer Black
The estimated gift card value does not cover the first-year fees. The fees are $175 higher.
You pay $425 in first-year fees.Spend $6,000 in 90 days.You get $250 in Woolworths gift cards.
The recorded minimum requirements are that you can take a credit limit of at least $15,000. Meeting them does not guarantee approval.
This page is my best effort to summarise the card's terms from the information I found. Read the bank's terms for full details, or contact the bank if you have questions.
I'd like to use my bonus for:
Can I get this?
This offer is advertised to the public. Bonus conditions and the bank’s approval requirements still apply.
Can I get this bonus if I have held a card before?
You are not eligible for the initial bonus Qantas Points if you currently hold or have held an ANZ Rewards or ANZ Frequent Flyer credit card in the last 24 months. The wait is 24 months, from the last date you held one of these cards. If you hold one now, you cannot get this bonus.
See the waiting rules for every Australian bank →What must I spend?
$6,000 within 90 days — about $2,000 per month.
Can I get the card?
The minimum credit limit is $15,000. This is the least the bank may let you borrow.
I do not have a minimum income for this card.
Meeting the bonus rules does not mean the bank will approve your application. The bank must assess and approve the card separately.
How long is this available?
I do not have an end date for this offer.
What do I do, step by step?
- Apply. Check the income and waiting rules in “Can I get this?” first. If you do not pass those, the bonus does not come.
- Spend $6,000 in 90 days on bills and shopping you had to pay anyway. Do not buy extra things just to hit the number.
- Pay in full each month. Interest can eat the whole bonus. The churn value at the top assumes you never pay interest.
- Use the points for gift cards. Points you never use are worth zero.
- Close the card before the next fee — keeping it costs $425 a year. The next section helps you decide if keeping it is worth it.
When this is not worth it
- You pay interest, or you cannot pay in full each month.
- You buy things you do not need to hit the spend target.
- You have no trip or use in mind for the points.
- You keep the card into year two out of habit and pay the fee again.
Should I keep it after the first year?
Keeping the card costs $425 each year ($425 annual fee) — the first year was $425.
The year-two bonus is 50,000 Qantas points.
Ongoing earn: 1.00x Qantas points per $1.
Keeping pays off only if you meet the second-year conditions and use the points and benefits enough to cover $425/yr.
What else makes the card useful?
Reward use
Ways to turn points into value.
- Points Transfer Benefits Compare across cards →Qantas Points earned are automatically credited to the cardholder's Qantas Frequent Flyer account each month; earn 1 Qantas Point per $1 up to $7,500 per statement period and 0.5 per $1 above, plus 1 bonus Qantas Point per $1 on selected Qantas products and services.
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Qantas Points earned are automatically credited to the cardholder's Qantas Frequent Flyer account each month; earn 1 Qantas Point per $1 up to $7,500 per statement period and 0.5 per $1 above, plus 1 bonus Qantas Point per $1 on selected Qantas products and services.
Purchase protection
Cover on things you buy with the card. Limits, excesses, and activation conditions apply.
- Purchase Protection Insurance Compare across cards →Items purchased on the card covered against theft, accidental damage or permanent loss for 90 days from possession, up to $10,000 per item ($3,500 for jewellery, watches and new works of art), to a maximum $135,000 per card account in any 12-month period; no excess.
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Items purchased on the card covered against theft, accidental damage or permanent loss for 90 days from possession, up to $10,000 per item ($3,500 for jewellery, watches and new works of art), to a maximum $135,000 per card account in any 12-month period; no excess.
- Extended Warranty Insurance Compare across cards →Extends the Australian manufacturer's warranty on eligible card purchases for the same period as the warranty, up to a maximum of one extra year (no cover where the warranty exceeds five years); up to $10,000 per item and $10,000 per card account per 12-month period; no excess.
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Extends the Australian manufacturer's warranty on eligible card purchases for the same period as the warranty, up to a maximum of one extra year (no cover where the warranty exceeds five years); up to $10,000 per item and $10,000 per card account per 12-month period; no excess.
Travel
Travel cover and perks. Most need qualifying bookings or payment with the card.
- Lounge Access Compare across cards →2 visits/year · Qantas Club
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Two complimentary Qantas Club lounge invitations per 12-month period (single visit each, domestic, international or international business lounge); also includes a joining fee waiver and discount on a 1-year individual Qantas Club membership. Redeem via the ANZ Aspire lounge invitation redemption form or by calling ANZ Personal Concierge on 1300 580 765.
- Travel Insurance Compare across cards →Up to $20,000,000 cover · trips up to 180 days
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Complimentary international travel insurance for ANZ Black cardholders, their spouse and dependants for journeys up to 6 consecutive months, when at least $250 of prepaid travel costs is charged to the card and a return overseas travel ticket is held; includes $20 million overseas emergency medical and assistance. Domestic travel insurance also available.
- Rental Vehicle Insurance Compare across cards →Rental vehicle excess cover within the international travel insurance, up to $5,000 per cardholder or spouse for rental vehicle damage or theft (plus up to $750 for return of the rental vehicle).
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Rental vehicle excess cover within the international travel insurance, up to $5,000 per cardholder or spouse for rental vehicle damage or theft (plus up to $750 for return of the rental vehicle).
Account management
Tools for running the account — repayment helpers, not reward value.
- Concierge Service Compare across cards →24/7 ANZ Personal Concierge for domestic and international restaurant or hotel bookings, gift ideas and travel recommendations; call 1300 580 765 (or +61 2 7907 0805 from overseas).
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24/7 ANZ Personal Concierge for domestic and international restaurant or hotel bookings, gift ideas and travel recommendations; call 1300 580 765 (or +61 2 7907 0805 from overseas).
- Rewards Program Elite Status Compare across cards →Complimentary Qantas Frequent Flyer membership (joining fee, currently $99.50, waived) for new members who sign up online via the ANZ link.
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Complimentary Qantas Frequent Flyer membership (joining fee, currently $99.50, waived) for new members who sign up online via the ANZ link.
- Digital Wallet Integration Compare across cards →Compatible with Apple Pay, Google Pay, Samsung Pay, Fitbit Pay and Garmin Pay on eligible devices.
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Compatible with Apple Pay, Google Pay, Samsung Pay, Fitbit Pay and Garmin Pay on eligible devices.
- Digital Card Issuance Compare across cards →Digital cards available for use in a digital wallet; replacement digital cards are issued faster than a posted physical card.
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Digital cards available for use in a digital wallet; replacement digital cards are issued faster than a posted physical card.
- Online Banking Features Compare across cards →Card management via ANZ Internet Banking and the ANZ App, including activating the card, setting a PIN and setting up automatic payments.
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Card management via ANZ Internet Banking and the ANZ App, including activating the card, setting a PIN and setting up automatic payments.
- Interest Free Periods Compare across cards →Up to 44 interest-free days on purchases (up to 55-day interest-free period available); no interest charged on the Purchases balance when the full Closing Balance or Adjusted Closing Balance is paid by the Due Date each statement period.
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Up to 44 interest-free days on purchases (up to 55-day interest-free period available); no interest charged on the Purchases balance when the full Closing Balance or Adjusted Closing Balance is paid by the Due Date each statement period.
- Installment Plans Compare across cards →ANZ Instalment Plan at Checkout lets eligible purchases be split into 3, 6, 9 or 12 monthly instalments; where a Setup Fee applies the Checkout Plan interest rate is 0% p.a. for the plan period.
This is a repayment plan. It does not add reward value.
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ANZ Instalment Plan at Checkout lets eligible purchases be split into 3, 6, 9 or 12 monthly instalments; where a Setup Fee applies the Checkout Plan interest rate is 0% p.a. for the plan period.
- Buy Now Pay Later Compare across cards →Buy Now Pay Later Plan facility: no repayment of the agreed amount and no interest charged on that amount for a specified period.
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Buy Now Pay Later Plan facility: no repayment of the agreed amount and no interest charged on that amount for a specified period.
- Balance Transfer Offers Compare across cards →Balance transfers available from eligible non-ANZ Australian credit and store cards (transfers of $100 or more); standard balance transfer rate 21.99% p.a. with promotional balance transfer plans available.
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Balance transfers available from eligible non-ANZ Australian credit and store cards (transfers of $100 or more); standard balance transfer rate 21.99% p.a. with promotional balance transfer plans available.
$250 in Woolworths gift cards (51,750 of 56,000 Qantas points; 4,250 left over) − $425 card fee. Assumes you earn the bonus and pay in full; extra spend or interest changes the outcome.
This offer is open now (terms from 16 Oct 2026).
What this calculation assumes
- You make the required purchases and the bonus is paid.
- You pay the balance in full — any interest changes the outcome.
- The required spend is ordinary planned spending, not extra cost.
- You close the card before the next annual fee, or you decide keeping it is worth that fee.
- Gift card prices can change. I check them again at renewal time.
Did this help you make a decision?
Terms and evidence
Full current terms
Offer terms
First Year Points
50,000 points
Qantas
Second Year Points
50,000 points
With $425 annual fee
Minimum Spend
$6,000
within 90 days (about 3 months)
Ongoing Earn Rate
1.00x points per $1 spent
Fees
First Year Annual Fee
$425
Ongoing Annual Fee
$425
From year 2 onwards
Purchase Interest Rate
22.49% p.a.
The value above assumes you pay in full and never pay this. Any interest changes the outcome.
Benefit history (10 changes)
- Lounge AccessUpdated May 2026
Was 2 visits/year · Qantas Club, Qantas International Business Lounge → now 2 visits/year · Qantas Club.
- Travel InsuranceUpdated May 2026
Now Up to $20,000,000 cover · trips up to 180 days.
- Lounge AccessUpdated May 2026
Now 2 visits/year · Qantas Club.
- Digital Wallet IntegrationUpdated May 2026
- Shopping BenefitsRemoved May 2026
- Balance Transfer OffersUpdated May 2026
- Concierge ServiceUpdated May 2026
- Buy Now Pay LaterUpdated May 2026
- Extended Warranty InsuranceUpdated May 2026
- Purchase Protection InsuranceUpdated May 2026
Offer terms history (12 versions — old terms, for checking)
These are published versions of this offer's terms. Each version preserves the conditions available at that time.
Published 16 Oct 2026
Availability changed from ended to available; conditions unchanged.
No recorded term changes from the previous version.
No recorded term changes from the previous version.
No recorded term changes from the previous version.
No recorded term changes from the previous version.
Changes from terms version 6
Changes from terms version 5
Changes from terms version 4
Changes from terms version 3
Changes from terms version 2
Changes from terms version 1
First recorded terms
Captures behind the selected terms record — evidence for these terms, not a complete history of the named offer.
Archived notes
Earlier notes about this offer, kept as an archive — not current terms. Note dates are separate from terms publication dates.
- Expiration changed from no expiration to , Bonus from 100K to 90K, Second Year Bonus from NaN to 40K, Bonus Cash from 250 to 2003 years ago
- Bonus changed from 110K to 100K, cashback changed from $100 to $2503 years ago
- Bonus increased from 90k to 110k3 years ago
- Bonus lowered from 110k to 90k, cashback lowered from $255 to $1003 years ago
- Bonus lowered from 130k to 100k first year 30k second year (Thanks N. via Instagram)4 years ago
- Bonus increased from 100k first year, 30k second year to 130k first year4 years ago
Discussion
About the current terms (published 16 Oct 2026).
Community and personal tools
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