This was posted 8 months 5 days ago, and might be an out-dated deal.

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ANZ Frequent Flyer Black Credit Card 110,000 Qantas Points and $100 Back with $5,000 Spend in First 3 Months, $425 Annual Fee

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ANZ Frequent Flyer Black Credit Card 110,000 Qantas Points and $100 Back with $5,000 Spend in First 3 Months, $425 Annual Fee
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Cheepcheep88 on 22/08/2023 - 23:28 anz.com.au (4472 clicks)
Last edited 23/08/2023 - 10:45 by 1 other user

Not for everyone but one of the better deals on quick points volume in quite a while. Was starting to fear we wouldn't see bonus points above 100k again without jumping through the hoop of keeping the card open past the 12 month anniversary.

Highlights:

  • $425 annual fee
  • $100 back to the card (5k spend, first 3 months)
  • 110,000 Qantas Points (5k spend, first 3 months)
  • Min credit limit 15k
  • 2 x Qantas lounge passes per year
  • 1 point per dollar up to 7.5k and 0.5 above that per statement period
  • You are not eligible for this offer if you currently hold or have held an ANZ Frequent Flyer credit card in the last 12 months.
Financial Cashback Credit Card Frequent Flyer Qantas Frequent Flyer Reward Points VISA

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closed Comments

  • ntwigz on 22/08/2023 - 23:30
    +21

    You are not eligible for this offer if you currently hold or have held an ANZ Frequent Flyer credit card in the last 12 months.

    Closed mine 14 months ago; time to jump in!

    • Cheepcheep88 on 22/08/2023 - 23:32

      My 12 months rolls around in a few weeks conveniently :)

      • Jklaro on 23/08/2023 - 05:54

        Any easy way to see date when it was closed?

        • Wiadro on 23/08/2023 - 06:31
          +19

          Keep a excel spreadsheet of cards you’ve had

          • timhn on 23/08/2023 - 08:03
            +2

            @Wiadro: Or lookup from one of those credit reporting agencies - Credit Clear, Credit Savvy, etc. But they generally a month later than your actual closed date.

          • Oneguyinmelb on 24/09/2023 - 08:54

            @Wiadro: My method is just to set a calendar reminder 12 months from the account closure date for each card/provider.

            Then prior to applying I just search 'renew' and see which I've passed the 12-18 month threshold for and which are coming up next to keep an eye on offers.

        • coxymla on 23/08/2023 - 10:29

          ANZ sends you an email when a card is removed from your mobile wallet due to closing the account. I just keep those (and the emails from when it's added, just for completeness.)

        • redfox1200 on 23/08/2023 - 11:26

          just look at your last statement

        • Ehty on 23/08/2023 - 14:02

          probably save your history here https://www.rwrds.com.au/account/history

    • Fishesass on 23/08/2023 - 06:44
      +1

      I rang up and complained last time and they threw some points my way

      • Yola on 23/08/2023 - 06:47
        +1

        Sorry complained about what?

        • melbstheburn on 23/08/2023 - 07:10
          +35

          Life

        • Fishesass on 23/08/2023 - 07:15
          +1

          Existing customer missing out

          • Neilzy on 23/08/2023 - 11:32

            @Fishesass: Orly? What'd you say? I'm looking to jump soon to start my 12months cleanse but if the points offered is half decent i might just stay

            • Fishesass on 24/08/2023 - 06:07

              @Neilzy: Just told them was a deal at the moment and I'd like to get my points…then they said I'm an existing customer yadda… So I said is this how you treat your loyal customers. Been with you over 10yrs. Then they buckled.

  • tlphx on 22/08/2023 - 23:44
    +2

    Sorry, I'm new to this credit card thing. Do you have to earn a certain amount at a minimum to guarantee approval for this card?

    I think there's some cards out there that need you to be at a certain salary to get approved. Is this one of them?

    • Aerith-Waifu on 22/08/2023 - 23:51
      +3

      I am on 79k and I got rejected after putting in all the information.

        • kilapinguino1 on 31/08/2023 - 17:56
          +2

          if you have nothing good to say, say nothing at all :)

    • Nusername on 22/08/2023 - 23:54
      +1

      I believe credit limit min. $15k requires around 75k pa income.

      • Cheepcheep88 on 23/08/2023 - 00:04
        +3

        Also a number of other factors potentially at play, assets vs liabilities and credit score in particular.

        • Aerith-Waifu on 23/08/2023 - 00:17

          I have excellent credit score, however I think I might be rejected due to a CBA credit card limit of $30k. I always pays it off though

          • Cheepcheep88 on 23/08/2023 - 00:22
            +7

            @Aerith-Waifu: Yeah 30k in other cc limit would make it difficult for most. Usually if you're looking to accumulate points in this way, you close the previous card and move onto the next.

          • unhuman on 23/08/2023 - 00:54
            +9

            @Aerith-Waifu: Such a silly thing to do. Always close one credit card and have it appear on your credit record before applying for new one. 30k credit limit on 79k income seems too excessive. I would close comm bank card .

            • Aerith-Waifu on 23/08/2023 - 01:03

              @unhuman: Hmmmm….so paying it off at the end of the month doesn't count at all?

              • JohnHowardsEyebrows on 23/08/2023 - 02:07
                +13

                @Aerith-Waifu: They care about limit, not use.

              • jollster101 on 23/08/2023 - 02:58
                +3

                @Aerith-Waifu: Past performance doesn't indicate future potential use. You could suddenly max out your card and not be in a position to pay it all off.

                Then do similar with this ANZ card and the bank is left trying to recover their loss. Whilst perhaps unlikely as you see it, people's situations can change overnight and silly things can happen.

                Any bank is only interested in reducing their exposure to such potential outcomes.

                • glide on 23/08/2023 - 06:01
                  +2

                  @jollster101: Isn’t past performance as a future indicator the entire point of a credit score?

                  I lived in the US for a few years and this is exactly how it worked.

                  • jollster101 on 23/08/2023 - 06:19
                    +1

                    @glide: A credit score is only one part of the equation.

                    You can have an exemplary credit score, doesn't mean you wouldn't have something change in your circumstances, personal, marital, mental etc, that for whatever reason led you to go out and max you card(s) and possibly struggle to repay.

                    If the banks just went on credit score, and you had a perfect score, would they just keep giving out more cards to you?

                    Other comments to the OP have referenced his / her having a $30k limit on a current card as being significant. The OP was rejected for a reason, doubt it was a credit score if that was perfect.

              • megadeth on 23/08/2023 - 19:46

                @Aerith-Waifu: No, as you could potentially withdraw $30k cash advance and declare bankruptcy or leave the country the next day.

            • puffinfresh on 23/08/2023 - 18:24
              +1

              @unhuman:

              Always close one credit card and have it appear on your credit record before applying for new one.

              I disagree. You'll miss out on some good offers. I've had 5 reward cards open at once. All on minimum limits; $25500 total. I closed one worth $1500, 3 weeks later I closed 2 worth $6000 each, and the following day was approved for a new one with a $20000 limit.

              Keep your limits low, and you should be fine to open multiple cards.

          • nightelves on 23/08/2023 - 01:21
            +2

            @Aerith-Waifu: Yeah man 30k cc is insanely high.

          • Yola on 23/08/2023 - 06:10

            @Aerith-Waifu: For this reason best to have the lowest possible limit. If you do need to spend more usually you can deposit funds directly into the card.

          • Homr on 23/08/2023 - 07:08

            @Aerith-Waifu: You should downgrade your CC limit.

            I signed up to the Westpac deal and I still have my Citibank cc with 16k limit and it got approved. My income is a little bit higher than yours though

            • ShoeyAU on 23/08/2023 - 07:38

              @Homr: Agree with all the comment above. Everybody will have a certain limit (of all cards combined) derived from factors such as income and assets and liabilities. When you apply, the cc will try to offer you as much as possible towards that max because it captures the market share to them. (Because if you are at the max, you won't be able to apply another card to easily 'rotate' off them and you end up just keeping it and paying their annual fees)

            • Aerith-Waifu on 23/08/2023 - 10:20

              @Homr: Thanks, I will look into it

              • happydude on 23/08/2023 - 11:29
                +3

                @Aerith-Waifu: The banks want to be able to calculate that if you filled all your available credit that you could pay it all back in 3 years (including interest).

                https://asic.gov.au/about-asic/news-centre/find-a-media-rele…

                That's the MINIMUM mathematical formula they must use. The math probably won't work for paying off $45K in 3 years while on $79K because they will also assume a reasonable amount of minimum weekly expenses to live at some point above the poverty line.

                They want to give you credit. They want to keep you in debt. But they need to be able to do it with a straight face.

              • timhn on 02/11/2023 - 06:54

                @Aerith-Waifu: I guess you let CBA decided the credit limit for you when applied for the cc? Never do that unless you planning to max out at least 80% of the limit monthly. As everyone said, always drop to the lowest limit allowed during the application process.

                When my income was at your range, i never reach your credit limit, and that with 3 active cards.

                I suggest you lower your limit to the min if you still want to use cba, chill out couple months then reapply.

        • tinnybastard on 01/11/2023 - 17:42

          Assets plays absolutely no part in credit card approval.

    • b0b0 on 23/08/2023 - 00:09
      +3

      There is no guaranteed approval, whether or not you get approved depends on how the bank views your ability to repay the credit limit (instead of defaulting..)

      Minimum income is usually one of the requirements..

    • catbug on 23/08/2023 - 00:49

      I know people who earn less than 70k and have been approved for this card (they have 15k minimum).

      • Loubon on 24/08/2023 - 06:19

        I guarantee they didn't already have a cc with another bank with a $30k limit

  • radissimo on 23/08/2023 - 00:15
    +41

    ANZ credit card assessment is garbage

    • kipps on 23/08/2023 - 09:13
      +4

      This x2. They waste your time & are absolutely infuriating to work with. Last application I aborted.

  • Brick50 on 23/08/2023 - 00:17
    +27

    Absolute worst bank to deal with, offshore credit approval team.

    Took weeks of constant calls and sending same evidence over and over to get approved.

    Maybe read through the previous threads of this deal before signing up, still worth it but 6 months ago they were offering $255 back.

    • Goonos on 23/08/2023 - 00:23
      +4

      As another perspective, I got mine easily and quickly. Didn't have to send over any additional evidence. Just filled in the sign up form and in less than 2 weeks had my card.

      • cook99 on 23/08/2023 - 00:46
        +1

        Same experience here, 3 churns never an issue. I moved my salary into an ANZ debit account so they can confirm income directly, I think that alone makes a big difference

        • ufwpd on 23/08/2023 - 01:33
          +1

          PSA for others. If you get paid into an ANZ Plus account, it doesn’t count. They make you jump through the standard hoops.

          • cook99 on 23/08/2023 - 09:32

            @ufwpd: Good callout! You'd think they could connect to their own systems haha

      • nadan on 23/08/2023 - 08:55

        It is a hit and miss with ANZ, I have had both bad and good experiences with them over the years.

    • AlanI on 23/08/2023 - 01:08

      Took weeks of constant calls and sending same evidence over and over to get approved.

      I can't speak for everyone, but I applied for an ANZ card a couple of weeks ago. It was somewhat complicated because I'd just started a new job three weeks earlier.

      It couldn't be approved online due to those complications, so they asked me to schedule a call with them the following day (including an option outside of business hours). In a ten minute phone call, they called in the time window I'd selected, were able to confirm my details on the spot, and gave me a list of documents I needed to send to them.

      I sent the docs and got the final approval by the following morning. Total time from application to approval was less than 48 hours.

    • wgibbie on 23/08/2023 - 06:58

      Take it for what’s it’s worth. A similar deal late last year from ANZ got me return flights to America for $300… worth the hassle of you ask me…

  • deepakkumar1983 on 23/08/2023 - 00:41
    +2

    Does ANZ return to the pro rata of annual fee?
    St George does. Tried and tested last week.

    • ntwigz on 23/08/2023 - 00:42
      -1

      No, NAB did, not sure if they still do though.

      • bayleyb on 23/08/2023 - 00:43

        NAB stopped doing this ~Dec 2022

        • kaneoriley on 23/08/2023 - 05:34
          +2

          I cancelled my NAB card in June and got back the majority of my annual fee I paid in April.

          • Contopaxi on 23/08/2023 - 05:46
            -1

            @kaneoriley: Might try this with the NAB 120,000 bonus.
            90,000 for the first year and 30,000 if held again in the next year.
            Let the second test 30,000 come in and then cancel

            • kaneoriley on 23/08/2023 - 05:52
              +1

              @Contopaxi: I didn't even know it was a thing, just asked them to close it coz I'd moved to a different bank and they refunded most of the fee to the credit account, and I just had to wait a week or two for them to move the excess amount over to my debit account so I could transfer it out.

              • Contopaxi on 23/08/2023 - 08:08

                @kaneoriley: That’s awesome.
                I might roll the dice with the second year on mine and hope I get as lucky!

          • Yola on 23/08/2023 - 06:12

            @kaneoriley: Yes I did this about 3 months ago with NAB.

            • Cludo on 23/08/2023 - 12:06

              @Yola: Just opened my first CC with NAB, also curious what you told them to cancel and refund.

          • AnotherAsian on 23/08/2023 - 09:46

            @kaneoriley: How did you sweet talk them into doing that? What words did you send their way

            • Darkjimick on 27/08/2023 - 20:46

              @AnotherAsian: I canceled mine a few months ago but they said they didn’t do it

            • Yola on 29/08/2023 - 11:25

              @AnotherAsian: Received the fee back pro rata in late April. Asked for a refund they did not ask for a reason. All I can think of is their records may show I am a private bank customer although they cancelled this recently.

        • hongd on 19/10/2023 - 19:47

          experience is not consistent for everyone.
          from comments in https://www.ozbargain.com.au/node/784275 NAB: not eligible for refunds when closing the card within 12 months from first use
          from https://www.ozbargain.com.au/node/720950 ANZ may reject as well

    • mvbc85 on 23/08/2023 - 00:47

      Wait, what?? So of I cancel my St George card before the end of the first year they return some of the annual fee? :o

    • rnielsen on 23/08/2023 - 07:22

      According to https://www.howtocreditcardchurn.com/post/everything-you-nee… they do but it's not automatic. You have to call them and ask. Personally I've only had the refund from NAB but I before I read this I have just used online banking to cancel cards. Maybe I will try asking next time.

      • vetopower on 23/08/2023 - 07:36

        Don't trust that source. It's one person's opinion, and the information will be out of date on many cards (by definition, some of their data points will be more than 12 months old — and banks have changed policies on this quite recently).

        As always, the best source of information is recent data points from OzBargain comments on posts and forum topics.

        • howtocreditcardchurn on 23/08/2023 - 08:37
          +1

          Yes you’re right it is just my opinion from my personal experience and based on what I have read from ozbargain forums over the years which I have sourced as well. Just trying to help the community, never said it’s guaranteed or financial advice.

    • Cupa Bundy Drinker on 23/08/2023 - 08:26
      +5

      Recently cancelled ANZ card, been with them a couple of months. Asked if they can pro-rata refund the annual fee $320) and they refunded the whole amount.

    • tim9800 on 23/08/2023 - 10:02
      +2

      ANZ does (for now). Check this thread for updates. Recently, people have successfully gotten refunds for ANZ ff black and westpac ff platinum. NAB + Qantas seem to no longer offer refunds, according to commenters. ymmv

      • prankster on 23/08/2023 - 10:43
        +1

        Ok that’s good news , you can do this and get pro rata so don’t have to pay for the full annual fee

        I guess this $100 refund - Would that happen after you spend 5k? Coz I’d spend 5k and wait until I get the points or this $100 refund and then cancel the card and try get annua fee pro rata

        • tim9800 on 23/08/2023 - 11:36

          Yes, for me the $100 credit came in the first statement after I hit $5k spend (I did within the first month, so my first statement). I then cancelled cc after second statement, and was told I would get $425. However, I still had to chase them up w/ another phone call after this. The annual fee arrived in my acc on the 15th August, which is exactly 3 mo after I activated the card.

          • daoddv on 23/08/2023 - 19:02

            @tim9800: May I ask did you call them first or you cancel first?

            • prankster on 23/08/2023 - 20:04
              +1

              @daoddv: Sounds like he cancelled card and then they contacted him that $425 would be refunded, waiting for him to advise 😊

          • prankster on 23/08/2023 - 20:04

            @tim9800: Oh sorry can you explain , you cancelled the Cc after second statement and then ANZ told you they were going to charge you $425 for the annual fee?
            And then you said the annual fee arrived into which account?

            Ah ok I think I understand, they charged you $425 within the first statement? So technically you spent 5k first, then you paid off the 5k, then ANZ gave you credit $100 and then charged you $425 so then you paid $325 so then you balance is $0
            Then cancelled CC on second statement and how did you get told you would get the $425 back? And then 3 months later the annual fee got refunded into another bank nominated savings account

            Have I got this right? Just checking 😁

            • tim9800 on 26/09/2023 - 11:21
              +1

              @prankster: Hey sorry, haven't been checking this thread.

              I dont have my statements any more as my account was closed. But from memory, this was the timeline: By the end of the first month or second I had spent $5k on the cc. This was not including the fees, so at the end of the second month my bank account becomes -$425. I received a $100 cashback at some point between start and end of month 2, so my bank account balance becomes -$325.

              At the end of month 2 my CC balance is $0 so I close it. Between month 2 and 3, I give ANZ a call. By the end of month 3 I receive the full refund. So my bank acc bal is +$100 :)

              Hope this makes sense

      • jraj on 24/08/2023 - 16:58

        (Just posted in the linked thread)
        Was declined in refunding my ANZ annual fee today. They pinned it on that I achieved the bonus points despite me saying that's not why I got the card.

        • prankster on 24/08/2023 - 23:08

          Shucks that’s bad luck, try and talk with another person and ask?

  • prankster on 23/08/2023 - 00:45
    +2

    so $325 for 110k qantas points? is that worth it?

    if it was say $200 then yeah maybe but now banks just taking the piss with the points for a high annual fee and they've stopped pro rata of annual fee nowadays too

    • happyadventurer on 23/08/2023 - 01:07
      +3

      Agreed. The NAB 70k Qantas points for $150 is better value. But if you've already churned the NAB card then this is the one to go for maybe.

      • kingofthenorth on 23/08/2023 - 01:51
        -2

        Disagree. Paying an extra $175 for 40k points is way better, I would take that over the NAB one any day

        • nemo5 on 23/08/2023 - 07:06
          +3

          NAB: $2.14/1k QFF < ANZ $2.95/1k QFF.
          How is this better? Is the earn rate?

          • happyadventurer on 23/08/2023 - 09:22
            +1

            @nemo5: The higher the number for the equation '$ / points' is when you're spending points to value the worth of the point compared to spending money. It's the opposite when you're actually spending money to get points. Example let's say the annual fee was $200 instead. $200 / 110k points = $1.81.

            The NAB being $2.14 therefore means you're spending less money per point. Other facts also include its only $2k spend and $6000 minimum credit limit.

          • kingofthenorth on 23/08/2023 - 22:06
            +1

            @nemo5: Because I value points at 1c/point, and the more points, the better, especially since I can't apply for an unlimited amount of credit cards

            • igreen on 08/09/2023 - 11:46

              @kingofthenorth: Kingofthenorth values QF points @ 1c per point. I value it at 2c but you could get nearly 3.5c per point by buying business class ticket. So In this case, I value the ANZ proposition over NAB. However, if you buy electronics on Qantas Market place, you will get 0.5 ot 0.6c then the NAB deal is better.
              With Kingofthenorth valuation
              ANZ card - He gets $1100 (1c points value) - $325 = $775;
              NAB card - he gets $700 (1c point value) -$150= $550.

        • Poolprouk on 25/08/2023 - 13:54

          If someone put out a credit card offer for 40K bonus points for $175 I wouldn't give it the time of day.

          Therefore I think it's a very poor value proposition to also pay $175 annual fee for another 40K points.

          Sure there are good reasons for maximising the return per credit card applilcation, building a balance fast, less applications to get to a goal.

          However if you're playing the long game with no urgent need to get a huge amount of points in a short time. I'd go NAB over this one.

    • RTX9090Ti on 23/08/2023 - 11:21

      Used to be free annual fee long time ago.

      • ddhar on 23/08/2023 - 19:40

        When was that? The Platinum was free last year but not this Black (unless one had a package home loan with ANZ)?

  • nadn1 on 23/08/2023 - 01:11
    +3

    Signed up with this credit card last year August and got 160,000 Qantas points.

    • djkelly69 on 23/08/2023 - 06:28
      +1

      Are you sure that wasn't 160k ANZ rewards points rather than Qantas points?

      • ozbargainsam on 23/08/2023 - 15:34
        +1

        I had this exact same reaction to that offer when someone told me about it. Best offer ever. Plus it was like $250 off, too.

      • nadn1 on 23/08/2023 - 16:12
        +1

        No it was Qantas reward points. I personally wouldnt touch a credit card with self awards program - but thats my take on things. Others may view things differently.

    • rogsamsy on 23/08/2023 - 09:05
      +10

      Not sure why the negs, it’s legit. I signed up too.

      https://www.ozbargain.com.au/node/691267

      • muncan on 23/08/2023 - 09:35
        +2

        They're salty. I got that one too.

      • CodeXD on 23/08/2023 - 09:36

        Wow nice, was more money back too!

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