FEATURES SUMMARY

• Annual fee: $95
• Purchase rate: 19.49% p.a.
• Cash Advance rate: 20.74% p.a.
• Balance Transfer rate:
• Interest-free days: Up to 44 days

• Extras:
  • Apply online
  • Phone/Internet banking
  • Minimum credit limit $1000
  • Access to Visa Entertainment benefits
  • Worldwide emergency card replacement

ANZ and Qantas have teamed up to reward the loyalty of their customers by providing the ANZ Frequent Flyer credit card.

This credit card boosts the amount of Frequent Flyer points earned by ANZ customers, especially when booking flights with the Frequent Flyer card through Qantas.

The ANZ Frequent Flyer credit card is very similar to the ANZ Rewards Visa, with the interest rates for purchases, cash and balance transfers all being the same. However, the Frequent Flyer’s rewards program is focused solely on air points and travel bonuses for all those regular air-travelers out there.

One downside that you will find is that while it has a rewards program based on travel, there are no insurance benefits to go with it. Also, you are not automatically signed up to the Qantas Frequent Flyer program, which incurs a separate joining fee of $82.50.

Frequent Flyer points are earned by making purchases on your ANZ Frequent Flyer credit card. So for your first $1500 you spend you’ll earn 1500 Qantas Frequent Flyer points. After that you’ll earn one point for every two dollar spent on your card*. These points are capped at 5,000 per month.

Another way to maximize your points is to make use of both the cards you receive under the Frequent Flyer program (American Express and Visa). Use the Frequent Flyer American express card where accepted and you’ll earn 1 point for every $1 spent, and when you use your Frequent Flyer Visa you’ll earn one point for every $2 spent.

While the benefits are there, it is important to use the card wisely and monitor your balance, as the interest rates are relatively high and there is just the one credit limit for both of the cards so there is potential to max it out if you’re not careful.

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