HomeCredit CardsANZRewards Black - Velocity Redemption Option

ANZ Rewards Black - Velocity Redemption Option Credit Card

The ANZ Rewards Black - Velocity Redemption Option Credit Card offers 90,000 bonus Velocity Points. Ongoing benefits include Velocity Points via Velocity Frequent Flyer earned on eligible purchases, and complimentary travel insurance.


Updated 8 December 2023

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Expert Review

The ANZ Rewards Black - Velocity Redemption Option credit card is ANZ's premium Velocity Frequent Flyer product. Featuring a relatively high points earn rate which is uncapped, the card provides premium features such as insurances. This card earns ANZ Reward Points, which can be converted to a variety of rewards, including Velocity Points. Of the 200+ credit cards reviewed by Stay or Go, this card ranks among the best 25% points earn rates, for an average spend of $5,000 per month. Further, the product has a $375 annual fee, including up to 55 interest free days.

Considering its key features, this card is most suitable to someone who wishes to be rewarded for their spend. Other benefits include Overseas Travel and Medical Insurance which is similar to equivalent products.

Bonus Points and $150 back to your new card.
For a limited time the ANZ Rewards Black - Velocity Redemption Option credit card has a bonus Velocity Points offer, where you could receive 90,000 bonus Velocity Points in the first year. Plus, the product has a $150 back to your new card offer. To get this offer, there will be certain eligibility criteria that you should be aware of before you apply. For further information, or to apply, click here.

Product Details
Our highest Reward Points earning potential, uncapped flexible rewards, plus access to exclusive events and privileges."
- ANZ
Rewards

Earn Velocity Points via ANZ Rewards#

1point per $1 spent up to $5,000, then 0.5 per statement

# This product earns ANZ Reward Points which can be converted to Velocity Points. For your convenience, all above references to points are in the Velocity Points currency.

Fees
Account Fees

$320 annual account fee

$55 rewards fee

Additional Cardholder Fees

$10 additional cardholder fee

$55 additional cardholder rewards fee

Up to 9 additional cardholders

Transaction Fees

3.00% international transaction fee

Other fees may apply.

Rates

20.49% p.a. variable purchase rate

21.99% p.a. variable cash advance rate

Up to 55 interest free days on purchases

Features
Insurance

International Travel Insurance

Domestic Travel Insurance

Rental Vehicle Excess in Australia Insurance

Extended Warranty Insurance

Purchase Protection Insurance

Offers
Bonus Points Offer

90,000bonus points

$150back to your new card

180,000 extra ANZ Reward Points (equal to 90,000 Velocity Points) and $150 back to your new ANZ Rewards Black credit card when you spend $3,000 on eligible purchases in the first 3 months from approval. New Rewards card. T&Cs, eligibility and spend criteria, fees and charges apply. (including an annual fee, currently $375).
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TMD

Before applying for this product, you should read the Target Market Determination (TMD) available here on the ANZ website.

Alternative Credit Cards
More information
^ Credit card reward programs can be difficult to compare due to tiered and capped points earn rate structures. To simplify comparison, we estimate the number of points you could earn per $1 spent, assuming $5,000 of spend on eligible purchases each month.
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