ANZ Rewards Black Credit Card – Up to 180,000 Bonus Points & $100 Back

Introducing the ANZ Rewards Black Credit Card Offer

The ANZ Rewards Black Credit Card is an enticing offer for those seeking a high bonus points opportunity and extra perks. Eligible new cardholders can receive up to 180,000 bonus ANZ Reward Points and $100 back, elevating the value of every eligible dollar spent. With a competitive annual fee of $375 and an ongoing points-earning structure, this card is suited for frequent spenders and rewards enthusiasts. Cardholders benefit from an earn rate of 2 points per $1 on eligible purchases up to $5,000 per statement period, dropping to 1 point per $1 after that. While the card does not disclose a set interest rate or credit limit, approvals are based on your individual circumstances and creditworthiness.

How to Apply: Step-by-Step

1. Check you meet eligibility: Ensure you are a new ANZ Rewards Black card applicant and meet income and residency requirements.
2. Gather details: Have your identification, financial, and employment details on hand.
3. Complete your application: Fill in your details in the online application form provided by ANZ.
4. Submit documentation: Provide supporting documents as requested, such as payslips or bank statements.
5. Await approval: ANZ will assess your application and notify you of the outcome, typically within a few business days.

Pros of the ANZ Rewards Black Credit Card

This card’s welcome bonus is among the highest on the market, with up to 180,000 points available to eligible new customers. Additionally, the $100 cashback sweetens the deal substantially for initial cardholders. Another highlight includes complimentary insurance, giving peace of mind when shopping or travelling. The strong points earn rate of 2 points per dollar, up to a monthly cap, is excellent for maximising rewards on everyday expenses.

Cons of the ANZ Rewards Black Credit Card

On the downside, the annual fee of $375 may be steep for those who do not maximise the card’s benefits. The drop in points earn rate after the $5,000 monthly limit means big spenders might see reduced rewards on large purchases. Being a rewards card, interest rates may be higher than basic credit cards, making it less suitable for carrying a balance. Additionally, the sign-up bonus is reserved for new cardholders, so previous ANZ cardholders may not qualify.

Our Verdict

The ANZ Rewards Black Credit Card is a compelling option for Australians keen on earning big rewards, especially if they can meet the spending requirements for the bonus. The generous points earn rate and range of insurances add lasting value, but consider your ability to meet the minimums and offset the annual fee. If you intend to pay off your balance in full each month, this card stands out as a solid rewards choice.