ANZ Frequent Flyer Black: Expert Review & Analysis
Expert analysis - Updated 2025-08-03
Card Overview
The ANZ Frequent Flyer Black positions itself as a Mid-tier premium credit card, specifically designed for:
- Frequent travelers seeking Qantas Points
- Moderate to high income earners
- Those wanting premium benefits without ultra-premium pricing
Design & Features
- Black card variant indicating premium tier
Sign-up Bonus: 130,000 Qantas Points
Bonus Structure
- Total Points: 130,000 Qantas Points
- Spend Requirement: $5,000 within 90 days
- Offer Valid: Current offer
How the Bonus Works
- 90,000 points - Spend $5,000 in first 3 months
- 40,000 points - Keep card for over 12 months
Additional Benefits
- $200 cashback credited to account - $200
Earning Structure
Standard Earning Rate
- 1 Qantas Points per $1 spent (up to $7,500 per statement)
Enhanced Earning Categories
- 1 points per $1 on Selected Qantas products/services
- Extra 1 point per $1 on Qantas purchases
Reduced Earning
- 0.5 points per $1 Spending over $7,500 per statement
Key Benefits & Perks
Lounge Access
- 2 Qantas Club passes (annually)
Membership Discounts:
- Qantas Club: $442 vs $600 retail
Insurance Coverage
Comprehensive travel and purchase protection package
Travel Insurance:
- International travel insurance
- Domestic travel insurance
Purchase Protection:
- Purchase protection
- Extended warranty
- Rental vehicle excess cover
Additional Perks
- Payment Technology: Apple Pay, Google Pay, Samsung Pay compatibility
Fees & Costs
- Annual Fee: $425
- Foreign Transaction Fee: 3.5%
- Interest Rates: Purchase (20.99%) Cash Advance (21.99%)
Total Annual Cost: $425
Expert Analysis
Market Position
Mid-tier premium with solid benefits
Balanced earning rates with lounge access perks
Competitive Advantages
- Multi-tiered bonus structure
- Moderate annual fee
- Practical benefits for regular travelers
Best Suited For
- Frequent travelers seeking Qantas ecosystem benefits
- Those wanting premium benefits without top-tier pricing
- Regular travelers who value lounge access and insurance
Optimization Strategies
- Maximize spending in first $7,500 monthly to avoid rate reduction
- Utilize lounge passes and insurance benefits
- Consider Qantas Club membership discount
Important Considerations
- Monitor monthly spending to optimize earning rates
- Factor in foreign transaction fees for international use
Potential Limitations
- Foreign transaction fees reduce international travel value
- Earning rate reduction after monthly spending threshold
- Limited to two lounge passes annually
- High interest rates if balances are carried
How It Compares
vs Ultra-premium cards: Lower fee but fewer benefits than top-tier offerings
vs Basic Qantas cards: Higher fee but superior benefits and earning potential
The Bottom Line
The ANZ Frequent Flyer Black is positioned as a Mid-tier premium with solid benefits option that offers 130,000 Qantas Points and 1 points per dollar earning.
With an annual fee of $425, this card works best for frequent travelers seeking qantas ecosystem benefits.
Should You Apply?
Consider this card if you:
- Frequent travelers seeking Qantas ecosystem benefits
- Those wanting premium benefits without top-tier pricing
- Regular travelers who value lounge access and insurance
However, be aware of:
- Foreign transaction fees reduce international travel value
- Earning rate reduction after monthly spending threshold
Based on expert analysis and market research. Card terms and offers may change.
