NOTE: The ANZ Rewards Travel Adventures Card has been discontinued and is no longer available as of November 2022. For those looking to earn flexible rewards points on spend, check out the cards line-up under the ANZ Rewards Program.
We left this guide up as a reference for existing cardholders.
The card is designed to appeal to both travellers and those interested in rewards points, with no overseas transaction fees on purchases and a competitive annual fee compared to other cards on the market.
Digging into the details of the ANZ Rewards Travel Adventures credit card
Card Details
| Card | ANZ Rewards Travel Adventures Card |
| Loyalty program | ANZ Rewards—linked to Asia Miles, KrisFlyer & Airpoints |
| Points earned from spend | 1.5 Reward Points per $1 spent on eligible purchases up to $2,000 per statement period, then 0.5 Reward Points per $1 spent on eligible purchases above $2,000 per statement period |
| Travel benefits | No fees charged by ANZ for using your card overseas, including withdrawing from foreign ATMs (however third-party operators may still charge fees) |
| Included Insurance | International Travel Insurance, Domestic Travel Insurance, Rental Vehicle Excess in Australia Insurance, Purchase Protection Insurance and Extended Warranty Insurance (PDS) |
| Overseas transaction fee | None |
| Mobile wallet | Apple Pay, Google Pay, Fitbit Pay and Garmin Pay |
| Purchase rate | 20.49% |
| Cash advance rate | 21.99% |
| Interest Free days | Up to 55 days |
| Annual fee | $120 p.a. |
Everyday purchases with the Rewards Travel Adventures Card earn 1.5 ANZ Reward Points per dollar on eligible purchases. This equates to 0.5 KrisFlyer miles or Asia Miles, 0.0075 Airpoints per dollar spent on eligible purchases.
These points earn rates are not exceptional compared to other cards on the market such as the ANZ Rewards Black.
No overseas transaction fee for overseas purchases
Only a select few cards on the market in Australia offer this benefit, and with consumers spending increasingly at a global level on many products and services, not just travel, incurring fees of 2-4% on other cards can quickly rack up.
It is pleasing to see another card offer no overseas transaction fee as a product feature given the potential for real savings on almost every non-AUD transaction, whether that is for charges incurred while overseas or when buying goods and services that are billed outside of Australia.
The best part? You’ll earn the full points earn rate for eligible purchases, plus the no overseas transaction fee benefit.
On top of that, cash advance fees are also waived when you use the ANZ Rewards Travel Adventures credit card to withdraw cash from a branch or ATM outside of Australia. Of course, a cash advance fee like many other accounts applies to other cash advances on your account, and you could incur ATM fees from the ATM operator too.
Complimentary included insurances
The ANZ Rewards Travel Adventures card comes with the following insurances:
- International Travel Insurance
- Domestic Travel Insurance
- Rental Vehicle Excess in Australia Insurance
- Purchase Protection Insurance
- Extended Warranty Insurance
These are all fairly intangible benefits, meaning that some people may get great use out of them, while others wouldn’t value them highly. Click the link to read the PDS.
It’s hard to say generally if they are worth the $120 annual fee, but if you end up using them, they’ll definitely help justify the fee.
This guide references some of the benefits of insurance policies provided with this card. You should read the PDS and obtain independent professional advice before obtaining this product.
Apple Pay, Google Pay and Samsung Pay support with ANZ
ANZ cards support Apple Pay, Google Pay and Samsung Pay, meaning you can use their cards on your smartphone for easier payments. Find out more in our guides for each of the compatible services.
Card eligibility criteria
These are the minimum requirements to be eligible to apply for this Card. Other additional eligibility criteria, such as proof of income, will generally be required later on.
- Be 18 years old of age or over, and;
- Be a permanent Australian resident or a non-permanent resident with more than 9 months remaining on your visa
Summing up: ANZ Rewards Travel Adventures credit card
The ANZ Rewards Travel Adventures credit card was previously a very compelling offer, with ANZ clearly trying to mix and match travel benefits and points earn to create a compelling offer.
However, the removal of the Virgin Australia complimentary return economy domestic flight and domestic lounge passes was a major blow to the card proposition. Even with the reduced annual fee, it’s hard to justify this card anymore.
At least there is still no overseas transaction fee, which is effectively a saving of 2-4% compared to other cards which impose this fee. If you spend a lot on your card outside of Australia and/or in other currencies, these savings can quickly add up — and you’ll earn full points while doing so. Our advice remains the same: compare similar cards in the market (look at American Express, Visa and Mastercard offerings) to see which ones have the best set of benefits for you compared to its annual fee.
Frequently asked questions
ANZ Rewards Points can be redeemed through the ANZ Rewards Store.
1. Log in or create an account at anzrewards.com
2. Choose your desired reward (e.g. Velocity Points or Gift Cards)
3. Choose the number of points or the value of the gift card (for example), then click ‘Redeem’.
Points that you earn with the ANZ Rewards Travel Adventures Card will automatically be credited to your ANZ Rewards account, even if you haven’t actually set one up yet.
If this is your case, don’t fear. Your points are still safe. Just register with ANZ Rewards to create a username and password. Once you log in, you will have full access to your points for redemption.
ANZ (the financial institution) and Velocity (Virgin Australia’s frequent flyer program) are separate companies. Every two ANZ Reward points that you earn can be converted to one Velocity point, which can then be redeemed for Virgin Australia and other partner airline flights.
Some transactions and other items are not eligible to earn ANZ Rewards Points. Please refer to the ANZ Rewards – Rewards Program Terms and Conditions booklet for details.
ANZ has paused the option to transfer ANZ Reward Points to Velocity Points.
ANZ rewards aren’t being clear and I don’t think the full Virgin network is available either, would just like to use it as a reference.
I took a screenshot of the destinations from MEL but wanted to compare to flights leaving SYD
Just hung up from my fifth call to ANZ in three days. Trying to book my complimentary flight which has to be ‘approved by the bank’. Each time someone said they would call me back.
40K points locked in to ANZ which they refuse to transfer, claiming Velocity has closed the points redemption scheme due to Covid. Yet I am still being charged $50 per year to belong to the program.
Worst card on the market.
Really sad I cancelled my AMEX card for this.
Any word of if they will start to allow this again?
My card renewal is due end of Dec and Im not paying to keep this card but Rewards expire after 60 days if you close your rewards account down!
I applied for this card with the latest bonus offer. Haven’t heard anything from Anz about getting my bonus velocity points or anywhere to enter my Velocity number.
Applied on: 07/11/19
Approved on: 08/11/19
Minimum spend reached: 12/12/19
Any help would be great!
Your first port of call should be to speak with ANZ, as they will be to assist you directly, and will know the bonus promotion that you signed up with.
Sorry to hear about this. First up, can I please confirm that you applied through the Point Hacks website and not directly with ANZ. Thanks.
The terms and conditions state:
“The bonus Velocity Frequent Flyer Points will be credited to your Velocity account within two months of ANZ receiving your Velocity number after the eligible spend criteria is met.”
Can I please confirm the following:
Thanks
Daniel
I applied through the Points Hack link and hit $2500 on Nov 25. I think I provided ANZ with my Velocity number-would I have done that as part of the application? I honestly can’t remember but thought I had-how do I verify that or who should I call?
Cheers!
I have forwarded your request on internally for review. We may need to chase this up with ANZ so our response may not be immediate, but once I hear back from the team, I will update you with their response.
It is usually charged on the first statement period.
if you have held this card in the past (more than 12 months ago), is it still possible to apply and receive the bonus points. The T&Cs are quite unclear about this, especially the bit that says “This offer applies only once per eligible customer.” Which sort of implies that you will never be eligible again?
Thanks
Yes, while the wording is not clear, you are eligible for the bonus if you haven’t held this card within the last 12 months or currently hold it. It is not a lifetime exclusion.
After 5+ phone calls requesting the points they are still not in the account. Horrendous product & customer service by ANZ.
More headaches than its worth.
It appears the ANZ Customer Service agents you have been speaking with are getting confused by the point allocation from that offer. You were to receive 75,000 bonus Velocity points as part of the promotion, but any points earned on the card are indeed ANZ Rewards points.
Should you continue to have difficulties with CSA, request to speak with a Manager, who will hopefully be able to sort the issue quickly.
anyway back to the complimentary flight redeeming criteria:
You have to call ANZ Rewards Centre on 1300 367 763 between Monday to Friday 8am to 8pm AEST, excluding national public holidays (why bother providing this service online like others right??)
Once you get through to them – make sure you are booking 60 days in advance.
It can ONLY be a Getaway fare (Cheapest economy fare) even though the terms and conditions are vague about this and nowhere does it make mention of this other than the fact it needs to be a T class fare which then you need reverse engineer to figure = Getaway fare..
Flight can only be booked for the primary card holder
The only good thing about this card is 0% International transaction fee – which is pointless if you don’t intend to use this card overseas or buy products from overseas retailers.
Please send your details to [email protected] so we can further investigate this for you with ANZ. Thanks.
Eligibility for the bonus points is based on the date your apply, not on the date of processing. So as long as you used the dedicated Point Hacks link, you will be eligible for the bonus points.
Unfortunately this deal has now expired. You can get the ANZ Rewards Travel Adventure card directly from ANZ, however at present, there is no bonus points being offered.
Yes, as long as you applied through the Point Hacks link prior to the 14 March, it will be honoured. Eligibility is based on the date of the application and not the date of approval. I would recommend giving ANZ a call to get an update on the status of your application.
You will shortly receive an email that will state that ‘You’reon your way to 80,000 Velocity points’. Keep an eye out for this, and you will then be able to insert your Velocity number.
The ANZ Rewards T&Cs state the following:
You will not earn Rewards Points on interest charges, premiums paid for ANZ Credit Card Insurance (ANZ Credit Card Insurance not available for new customers from March 17th, 2018), government charges, bank fees, payments made to the Australian Taxation Office or other taxation payments or duties, card account adjustments resulting from disputed transactions or otherwise, balance transfers or cash advances (as defined in the ANZ Credit Cards Conditions of Use) or transactions which are identified to ANZ by the relevant merchant or any intermediary financial institution as falling into one of these categories.
Based on the above, strata fees should be eligible, but it may be best to check with ANZ to confirm.
Yes, if you apply today then you will be eligible for the offer, subject to all other conditions being met. The time is based on when you apply for the card, not when it is processed.
In regards to your partner application, note that each credit card query that your partner makes may affect their credit score, however there are usually a number of variables that providers look at when deciding to approve or reject an application in addition to credit scores.
To apply, please click on the red button FIND OUT MORE OR APPLY just under the card image.
Unfortunately not. In the future, for all offers that are Point Hacks exclusives, make sure to apply directly through the Point Hacks link. If you go direct through the bank, the exclusive offer will not apply.
I am a ANZ customer, I have a rewards platinum credit card for my daily use.
I saw the promotion and applied for the card on FEB 15th, I had to submit my payslips.
Card was approved and I received the card on FEB 18th. I spent 1500 on the week I received the card. I also received the email with the promotion code on FEB 22nd.
Nothing happened in the next two weeks.
On March 6th, two days ago, I received another email stating my points are waiting to be credited and asked me to put in details again. I put in the promo code and velocity number again on the website. Today, March 8th, I received my points in my velocity account. So it took a total of 4 weeks.
Great work, thanks point hack!
Great news hei1987, about the timing for your points, however even though my Card process was essentially exactly the same dates as yours, the Velocity bonus points have not arrived yet.
I applied for the card on 10th Feb, was approved and received the card on 18th Feb. Made the purchases and received the email with the special code on Feb 22nd. Entered the code that night. And nothing yet.
No second email, no email saying the points are ready to go. Perhaps I missed a processing window. Can’t wait to get those beauties and add to my pile ready to book SQ trip to FRA next year.
If you submitted your Velocity number on 22 February, I would contact ANZ to chase this up, as points have generally been credited within a few days of submission.
If you don’t have any luck there, please provide your relevant details to [email protected] so we can investigate this further with ANZ.
I believe the third interpretation is correct.
Just wondering if my anniversary date is due in Jan every year , would it be possible for me to book my flight today for March next year ? What would happen if I cancel my card in Jan next year ? Would it affect the redemption of the flight?
Thanks in advance.
Regards
Angel
If you cancel your card in January, it will have no affect on your free flight that you book today for travel in March 2020. This is because you would be redeeming for this current card year, which by paying the annual has entitled you to the free flight. However, make sure not to cancel your card before redeeming your free flight!
You just need to ensure that you book your free flight within your card year. The date of your travel can be as far out as 330 days out, so depending on when you redeem your free flight (ie at the beginning or end of your card year) could mean that in some years you may have 2 free flights, and 0 in others.
You should soon receive an email with a bonus code and a link. Click on the link and will then be able to enter your Velocity details.
If you don’t receive the email, please get in touch with us at [email protected] so we can further investigate.
Just a shoutout as I have now received my 80,000 Velocity points via point Hacks and cannot say enough about the site. This represents 80% of Economy class airfare to LA and back…thank u to Point Hacks
If I am retired & self funded with no debt + own my house outright would I be eligible for this card
Thanks
You will be eligible for this card if you currently don’t hold the ANZ Rewards Travel Adventure card, or haven’t held it in the last 12 months. You will however need to meet ANZ’s credit criteria in order to successfully apply for the card.
THat’s right, no foreign transaction fees means no currency conversion fees. ANZ’s FX rates can be found at https://www.anz.com.au/personal/travel-international/foreign-exchange-rates/, which you can compare to the base mastercard FX rate found at https://www.mastercard.us/en-us/consumers/get-support/convert-currency.html.
Those ANZ rates are for converting currency (at a branch, online etc.)
The ANZ Credit Card Conditions of Use notes that foreign currency transactions are converted by the Card’s respective scheme issuer (Visa or MasterCard) – so conversions should be in line with non bank issuers.
Cheers,
A
Yes, the T&Cs can be a bit ambiguous here. It is my understanding that FX transactions are converted at the Visa or MasterCard rates as per their T&Cs, however, but then include a slight margin above this, resulting in the rates on shown on their website.
Given the uncertainty on this, we are happy to go with the more conservative FX rates as published on the ANZ website rather than the more generous scheme issuer rates only.
The free flight is only available to the primary cardholder.
Unfortunately I am not able to provide any personal advice as I don’t know your exact personal financial circumstances. It is best to speak with your financial advisor or accountant to assist directly with your question.
However, you are correct in that they are similar cards, but there are subtle differences. To name some, the ANZ card offers a free Virgin Australia domestic flight, whereas the Amex Explorer offers a travel credit that can be used on multiple airlines, the ANZ card offers 2 Virgin lounge passes where the Amex Explorer doesn’t and airline partners between ANZ Rewards and Amex Rewards are slightly different. The ANZ card also offers no FX fees where Amex Explorer does.
Please make sure to read our guides on both cards if you haven’t already done so, which will hopefully assist in your decision.
Please go to the ANZ Rewards Travel Adventure card Point Hacks article at https://www.pointhacks.com.au/credit-cards/anz-rewards-travel-adventures-card-guide/ and click on the red ‘FIND OUT MORE OR APPLY’ button directly underneath the card image at the top of the article.
Should we link our separate velocity accounts now or should we wait until we have each got our 80k and then do a points transfer?
Thanks.
(Mod – I think I accidentally created the same post on the qantas card offer page, please delete that one)
Initially, you will not be able to pool your bonus points, as the name on the ANZ Rewards Travel Adventure card and the name on your Velocity accounts must match to receive the points.
However, once you both receive your bonus points, you will be able to take advantage of Velocity’s point transfer if your partner fits under the definition of a ‘family member’. PLease visit https://experience.velocityfrequentflyer.com/the-basics/transferring-points for further details.
I have also removed your post from the Qantas offer page.
Is there any similar card without such a cap?
Yes, you definitely have to be aware of the points cap on this card. However, given the large amount of premium benefits this card offers, such as a free flight, lounge passes and no foreign FX fees for a relatively low annual fee, there is currently no comparable card in the market.
to this one?
Does holding a current ANZ rewards card make me ineligible for this offer?
Being a current holder of the ANZ Rewards Travel Adventure card (“RTAC”), or having held it in the previous 12 months makes you ineligible. Holding any other ANZ card, including ANZ Rewards card that are not the RTAC is fine.
Sorry to hear about this.
Can you please send through the details to [email protected] so we can investigate this further for you with ANZ.
As long as you applied from the Point Hacks Rewards Travel Adventure card article and clicked on the red ‘Find out more and apply’ button, you will be right. By doing this, it would have taken you to an ANZ Point Hacks landing page (mostly ANZ branding though) and it would not have redirected you to the direct ANZ website.
Having said that, if you want to be certain, you can call ANZ as they will be able to see if you came through the Point Hacks offer.
Should you have any concerns following this, please get in touch with us at [email protected] and we can investigate further with ANZ.
I would get in touch with ANZ first, quote them your application number and advise them that you have the required documentation to see if they can help you out. Re-applying would create an additional credit enquiry on your credit file, along with the likelihood of being automatically declined due to having recently applied.
I’m not sure exactly what you are asking here.
I noticed your reply to Mady about his query on fx rate. You have added the link to the other article that covers prepaid travel cards. I just want to validate my understanding… fx rate when using these prepaid travel cards is a rate that’s determined by the bank/institution that offer this cards. For the HSBC prepaid card, fx rate is by HSBC when converting between the multi-currency using their IB/app.
Whereas, when using debit or credit card issued by visa/mastercard, the fx rate is determined by visa/mastercard. Isn’t this true? If so, I have one follow-up questions:
Is the visa/mastercard rate the same across all cards irrespective of which bank issued it? For eg, if I pay for two coffees (overseas), one with a ING visa debit card & the other one with the ANZ Adventure credit card, at the same moment, will the fx rate the same? Or will the fx rate be different across different banks and different between debit vs credit card, irrespective of the fact that both cards are visa/mastercard issued?
Visa and Mastercard provide indicative rates on their websites as an estimate of the rate you may receive, however each individual bank can apply their own fees on top, which is why the FX rates differ between banks and cards.
Fingers crossed! Assuming this all works its a great deal!
Thanks to all that contribute to this brilliant website
I applied for the card with the special Point Hacks link as above.
Got approved within a few days on 23/01/2019 and received my card soon after on 28/01/2019. Spent $1500 within a few days (had bills to pay).
Received my “welcome on board” ANZ Rewards email with my unique promo code on 01/02/2019. I supplied my Velocity ID and code on the web link provided on the same email the same day.
Received my 80,000 Velocity points on 05/02/2019
Hope everyone else has a smooth experience as i did!
Thanks to Point Hacks for arranging this special offer with ANZ 🙂
Please make sure that you are clicking on the red button below the image at the top of the article titled ‘Find Out More and Apply’. It takes you to the offer of 80,000 Velocity points.
I know the T&Cs say these flights are ineligible for points and status credits, but have heard that many people were credited SC upon taking their flight much to their suppose. Wondering if this is still happening, and if so- if you had to give your velocity number at the time of booking (I didn’t, but added it immediately after).
In terms of availability, I nabbed Melbourne-Darwin over the Easter break. Seems any ‘Getaway’ seats you can see on the virgin portal are eligible flights if you’re keen to assess availability.
Can you please send an email to [email protected] with your details and one of our staff will investigate this further with ANZ.
To apply, please click on the red button labeled ‘Find Out More or Apply’, which is located at the top of the guide just under the card image, and you will then be sent to the exclusive ANZ Rewards Travel Adventure Point Hacks page.
Apologies if I have missed it but can you earn points with ATO spend on this card?
Thanks
The ANZ Rewards Travel Adventure Card follows the terms and conditions of ANZ Rewards, which explicitly exclude the earning of reward points with the ATO.
Just trying to get a little further information. With using the ANZ rewards travel card overseas for cash withdrawels, it says no cash advance fees and no ATM fees from ANZ? However I cannot find anything about currency conversation rates? Are these competitive/comparable to other travel cards?
Thank you for your time,
Regards
Mady
You bring up a very good point. ANZ exchange rates can be found at https://www.anz.com.au/personal/travel-international/foreign-exchange-rates/.
In regards to a comparison, I prepared an article in June 2018 which compared fx exchange among a number of travel cards, which can be found at https://www.pointhacks.com.au/prepaid-travel-cards/.
While this comparison only included a few other banks (nab, HSBC), it may provide some assistance in where ANZ exchange rates sit. However, please note that this information is now 8 months old and comparison results may have changed since then.
Just wondering if I am as a new business owner even eligible for this card, get approved?
Also fall invoices by my supplier under the eligible purchase category for the minimum spending and to earn points?
Thanks in advance.
If you have not held the ANZ Rewards Travel Adventure Card in the previous 12 months, you will be eligible.
ANZ will conduct their normal credit check process to determine whether you will be approved for the card.
Eligible purchases are defined by ANZ as: Eligible purchases are described in the Air Travel Benefit Terms – for example interest charges, fees, cash advances, cash equivalent transactions, balance transfers, transactions for gambling or gaming purposes and reversed or refunded transactions will not count towards your qualifying eligible purchases.
Firstly, just check one more time that the link isn’t in the email. I actually missed it myself and was sitting on the link for a week before I rechecked my welcome email and spotted it. It’s about half way down the ‘Welcome to ANZ Rewards’ email as a blue banner saying ‘You’re on your way to 80,000 Velocity points’. It’s not a huge banner, hence why I missed it.
However, please note that not all applicants have had the same experience as me, with some not receiving the welcome email for around 2-4 weeks after applying.
If you still can’t see it, please send an email to [email protected] and one of our staff member will investigate further and be in touch with you.
Please be assured that as long as you applied through the Point Hacks link and meet the minimum spend criteria within the allocated time, we will work with ANZ and ensure that your bonus points get credited.
It is based on application date, not approval date.
To apply, please click on the red button underneath the card image that says ‘Find out more or apply’. It will then take you to the exclusive landing page.
I’m keen to ditch my 28 degrees for this if the FX rates are about as good as 28 degrees (or even a tiny bit worse is ok as there’s the points)
Noticed in the comments that having the ANZ Rewards Platinum Black last year was something you could hold and still be eligible for this offer. Just wondered whether this was the case this year as well?
Also, wondering whether the Travel insurance covers both you and your partner if criteria are met. The wording is a bit confusing for me. As an aside, has point hacks reviewed this coverage to see what are the shortfalls/benefits relative to buying travel insurance directly from an insurer?
Cheers,
Michael.
By ‘year’ they mean cardholder year.
That means that you holding any ANZ Frequent Flyer card will not preclude you from this offer.
Has anyone in a similar situation received the bonus Velocity points?
For the 40,000 Velocity points to be credited, I presume auto-redemption to Virgin must be set up once the card has been activated? And the transfer will occur in the 4th month? I’ve been speaking with ANZ customer service and they didn’t have knowledge about the velocity point promo.
https://www.anz.com.au/promo/personal/credit-cards/anz-rewards-travel-adventures-velocity-offer/?sourcecode_1=EAFJ
I wonder if this changed 1 July 2018.
A card that does actually pay for itself, blimey.
Thanks!
In particular I’m interested to know about blackout periods that coincide with summer, Xmas, Easter, or other public holiday periods. (ANZ’s T&C suggest blackouts at these times of year, and I’d like to know how extensive it is).
Generally speaking, I would personally expect to redeem a flight ex-Melbourne around Christmas, or perhaps a public holiday long weekend (other than Easter).
I’ve also received free lounge passes (which were offered upon booking). Booking takes a bit of time on the phone with the wait time to speak to someone and then they put you on hold to call their travel agent before confirming with you.
I also used the card in Europe with no foreign transaction fees incurred.
“Not available in conjunction with other offers, packages or promotions, when transferring from an existing ANZ credit card or where you currently hold or have closed an ANZ Rewards Travel Adventures credit card within the previous 12 months.”
So as long as you are not transferring from your existing account – which is different from cancelling one card and opening another – (or have had the Travel Adventures card before, which it sounds like you haven’t), you should be eligible for the bonus points.
I’m not sure how to consider my actual FF Black card, and yes, this would be my first Travel Adventure.
“Only eligible approved applicants will be contacted by ANZ to supply their Velocity number once the eligibility criteria is met. The bonus Velocity Frequent Flyer Points will be credited to your Velocity account within two months of ANZ receiving your Velocity number after the eligible spend criteria is met.”
So sounds like ANZ will proactively contact you.
https://www.anz.com.au/personal/credit-cards/rewards/travel-adventures/
have heard horror stories from previous targeted deals and when they were used, not bonus points were given
Great card and have replaced my 28D and citibank plus with this.
I’m interested in replacing my 28D and Citibank Plus, only if ANZ’s exchange rate is not ridiculous.
Thanks!
There are a few different ways to slice it, I think the simplest is to look at it as 3 months free travel insurance per 12 month period (which would normally be valued around $300). However, if you’ve been in Australia for more than 9 months you can leverage up to 6 months OS. You can only do this once every 15 months, but if you consistently did 9 months AU / 6 months OS this would value out to around $500 every 15 months. That isn’t practical for anyone, so I prefer to just look at is as 3 months in any 12 month period.
I too begrudge paying high fees for credit cards but avid travellers (aka, those who would be looking at this card) can get thousands of dollars of value out of this card every year when leveraged appropriately, plus you get points too. The travel insurance alone negates the annual fee. I’m ditching my ANZ Platinum and 28 Degrees cards in favour of this.
So does that mean I don’t have to spend another dollar after that and still get my free flight? Or do I need to spend $500 in the first 3 months of every year? Seems like a good deal, and because of that I feel slightly wary.
The terms state:
To qualify to book a Flight or receive Lounge Passes, You must hold an Eligible Account and have made at least $500 of net Eligible Purchases using that Eligible Account in the first three months after your Account Date
Account Date date is defined as:
Account Date means the date that your ANZ Rewards account is created.
I have the old 28 degrees mastercard which has no annual fee, no transaction costs and a pretty good exchange rate.
Why would I switch to this card? The only thing that could sway me is if the exchange rate offered was very favourable, then I would weigh up earning points versus the $225 annual fee.
I’m sure you know this but the 28 degrees mastercard now has a $4 minimum/3% charge atm fee for cash advances while travelling overseas… As far as I can see from the ANZ website, the ANZ Rewards Travel adventures doesn’t (like the 28 degrees mastercard used to have before they changed it)
“ANZ will also waive the cash advance fee if you use your ANZ Rewards Travel Adventures account to withdraw actual cash from a branch or ATM located overseas”.
But I’m the same as you – I’m not used to paying fees for credit cards, so I guess we need to think about it in terms of earning points and also using the yearly free return flight…
I was wondering what people thought of the 40,000 bonus velocity points that is in the introductory offer (perhaps not offered to every customer? It’s mentioned in my letter from ANZ). Surely that amount of Velocity points is more than worth the first years annual fee?
Thanks for the info. I don’t use the 28 for cash withdrawals, only purchases. I use my Citibank card for cash withdrawals.
Whilst not ideal having to use two cards, it does provide me with the best way to minimise free.
Does any one know if inter-product transfers appear on your credit file? I’d assume not as they have already assessed you for the initial card, and you are basically just swapping it over…
A credit file hit is only ever done when assessing whether a lender will provide you with a new (or more) line of credit, so in this case, where you’re transferring the same line of credit (not a new line of credit) from one product to another, no credit check is required.
Worth getting Keith to check, however. But I know that other credit card companies don’t touch your file for product transfers where there is no limit increase.
I made a query about certain flights for the xmas/new year dates and so far the availability is good, but I am based in Adelaide, and the demand may not be as high as the Eastern States.
the black card i used the most is one from Westpac. The ANZ black earning rate just not impressive at all, in fact i found this one even better than the black. no surcharge on overseas purchase, and be able to get points as well. Thinking of switching my black to this one.