65,000 BONUS QANTAS POINTS
When you spend $2,500 on eligible purchases in the first 3 months
$0 annual fee for the first year then $295/year after.
Minimum credit limit $6000.
ANZ FF Platinum 65000 Bonus Qantas Points, No Annual Fee for First Year with Min $2500 Spend/3 Months ($295/Yr after)
780
djfish31 on 14/03/2018 - 08:53 anz.com.au (3116 clicks)
Last edited 14/03/2018 - 10:09 by 2 other users
Last edited 14/03/2018 - 10:09 by 2 other users
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platinum so usually .. 75k? …around that. definitely not low end card.
It's a low end card, you're thinking of a black card. Platinum is almost everywhere now, including 28 Degrees.
there are few others i call them low end with 35k minimum salary, no annual fees forever, no reward points, for students, etc
$35,000 P.A
wow ok then i was wrong
thanks :)
Had their Rewards black and cancelled last month, wondering if that rules me ineligible for bonus points on this one…
different card, you should be fine but ask first to the bank
Not available in conjunction with other offers, packages or promotions, or when transferring from an existing ANZ credit card or where you currently hold or have closed an ANZ Frequent Flyer, ANZ Frequent Flyer Gold, ANZ Frequent Flyer Platinum or ANZ Frequent Flyer Black credit card within the previous twelve months.
So the way I read it is that you should be eligible if you're coming from an ANZ Rewards card.
I remember reading about someone who would alternate between frequent flyer black and ANZ rewards black every 12 months, no issues.
Thanks.
I've got the ANZ frequent flyer black, so ineligible for this one.
Cheers
Was the cancellation process straight forward? Have they already transferred 75,000 QFF points to your account? Cheers
Ask your partner or family to sign up - that's what I have done in the past and the bank manager even 'encouraged' it LOL
are the ANZ reward points better or QFF?
but qff you can sell it.
QFF
I can't sign up to this since I've had the QFF black for the last 12 months. I just joined St George $139, 90K points deal for the Visa Signature card.
St george signature with the $90k points is showing $279 annual fee online??
Why not have both? 🌮
it will mess up your credit rating.
nah not for me, applied for heaps of cards and still in v good range
For those who haven't yet, please, please go and sign up for one of those free credit rating websites and find out your credit score. You may not realise it but your credit score takes a big hit for every card, and this score takes more than a year to recover. You shouldn't be applying for more than 1-2 cards a year, probably best 1 a year.
Furthermore, if you sign on for contracts for your phones, your credit score also takes a hit. So be smart about it - the credit score matters when you want to take a home loan out.
What? Better using cash and walkie talkie on daily basis now - like a real criminal
I'm not asking people not to use the credit card - about 95% of my transactions are on my credit card. I'm just saying, be careful not to apply too frequently, especially if you are planning on taking out a home loan soon.
Thanks for that, I've told by someone else that if u have had multiple cards and paid the debt on time each time, it's actually good for you credit rating. Not sure how that system works…btw which website do u recommend to check credit ratings? I googled a few but they all seem doggy to me
So how do you actually build a good score? If your account is squeaky clean, as in no credit cards, no finances… Wouldn't that be frowned upon? As they don't have a risk rating for you?
Please see my response to Artofbargain - not saying don't use credit, just saying don't apply for CC's frequently.
how do you actually build a good score?
Score is irrelevant. Best way is to earn buckets upon buckets of money. You can be a bankrupt, a criminal or whoever, but if you earn A LOT , most banks will trip over themselves to give you credit.
Not true. Your credit rating is there to be used - you can't take it with you!
I have applied for over 30 cards in the last 4 years and still have a good credit rating. I've never paid a cent in interest
(admittedly it does take good book keeping) and as a result I have made over 20 overseas trips, all in business class. Not bad for a bloke who came to this country on a ricketty wooden boat and was dragged up in those ugly high rise monstrosities that blight out inner cities like a birth mark.And all thanks to discovering this credit card lark. I really should have started earlier but like many others I instinctively assumed there had to be a catch. I know now that there isn't one if you play your cards right. Peace out to Richmond
Hi Lunarboogie, have you checked your credit score recently? Just curious what it would be like (are you anywhere over 700 pts?). Also, have you tried getting a home loan recently? Happy to be proven wrong but in my experience, applying for 2 cards within less than a year has gotten me from excellent to borderline 'very good' scores, based on the credit reports.
I had 4 cards when I went for a home loan. They asked me to close 3 which I did. No problem. Your credit score might affect automated systems like applying for other credit cards but when you're applying for a home loan, the bank should look at your actual credit history, not the score. Were you rejected for a home loan because you were only "very good"?
@dazweeja:
No, I haven't been rejected for a home loan before. I have had 3-4 cards before, but due to the amount I borrow (I never take out the biggest loan I can for a property), I've not had to close any cards yet.I understand that total credit limit affects the total amount you can borrow.
What I was trying to highlight that the number of credit enquiries may affect how risky you are as a customer as seen by the bank.
https://www.homeloanexperts.com.au/credit-score-home-loan/cr…
My credit score is in the low 500s which is not surprising given the amount of cards I've applied for in the last 48 months. That is still technically in the 'good' range and I continue to get approved for new applications, including in the last month for the ANZ Black and St George Amplify. I own my apartment so I haven't needed to apply for a home loan but if I did I understand they'd take into consideration more than just the credit score, and weigh things such as age, salary, job security and collateral just as highly.
My experience suggests that you can apply for much more than 2 cards per year but it depends on your personal financial circumstances and risk threshold. What is working for me may not work for others.
Gross Income = 70k+
Monthly spending about 2000k+
Monthly home loan about 1600kNot sure why I got rejected last time :(
well, you take home $4520 a month, and spend about 3600
I can see why you got rejected, m8
Thanks,
Spending & mortgage includes my partner's portion as well, so maybe I should halve it in my application?
@schwinn: Unless you and your partner have separate loans, the FULL amount of the loan will be allocated to you. This is how banks calculate debt.
I was rejected via email last time. Just called up to ask why. Didn't even ask why before they asked for proof of income. Was approved a day later.
@WTF: In my experience, credit card companies nowadays ask slightly more specific questions. For example, they may ask you for the total mortgage payments, but they will also ask you for your partner's income, so they can assess the payments appropriately. Conversely, they may ask you for 'your share' of the mortage/household spending. This is what happened with me recently when I applied for a card.
Never had a credit card before, when you say you took 20 business class trips what does that have to do with credit cards?
He means he signs up for lots of credit cards that have bonus point promotions like this one. Then he uses the hundreds of thousands of accumulated points for business class flight redemptions.
I think they mean with the bonus Frequent Flyer points. 140000 FF points will get you a Oneworld around the world trip (in economy). With the points here, you're almost half way there.
You could sign up to this one and the AMEX one with the $450 annual fee, travel around the world for cheap (some fees and taxes involved), and still have a $450 Qantas Travel Credit and 2 Qantas Club lounge invitations leftover.
@dazweeja: you just opened up a whole new chapter in my life with that comment :)
the nly thing that I wasn't able to find is how to use QFF points…If you are a QFF member (if you're not, there's plenty of ways to sign up free), you can search flights here and just tick the "Use points" button:
https://www.qantas.com/au/en/book-a-trip/flights.html
Or the around the world guide is here:
https://www.pointhacks.com.au/qantas-round-the-world-classic…
@dazweeja: yep, im already a member (of course for free).
Thanks heaps for the link! I would love to give 2+ :)
Great story.
Previously I thought selling points would have netted more overseas trips.
Any recommendations to use points most efficiently for business travel?
upgrades from standard airfares yield the best points for dollar
Funny you should mention selling. After 20 or so trips in business (including several in first) I'm now over the novelty and have begun selling points to Tuvz for 1 cent a pop. Sure it was a lot of fun to sit up front with the la di dahs but once a refo always a refo (this is ozbargain after all!) and I'd rather now use the money on nice things that I've always pined for but have always put off as an extravagance. 65000 points in this case is equivalent to $650 which would buy a case of Henscke or something just as nice to salt away for several years.
Redeemed all my flights with points - usually last minute flights to somewhere in Asia which I found had great availability if you were flexible enough to make decisions at the eleventh hour (I once even flew to Dubai on a long weekend for the hell of it). But now just looking to churn cards for cash. You know what they say about getting too much of a good thing.
Thanks.
I did briefly look at using velocity points, but found best value was to Foji, which isn't an initial preferred destination.
And with Etihad, as we had purchased the sale class, points to upgrade were excessive.
So unless I find a great return business fare, I'd think offloading points for $$, and buying cheap flights (Ie. AirAsia / Jetstar) will provide better value.
You should be able to quite easily find an SQ flight to anywhere south of HK (and including it) for 65000 velocity points. SQ offer the best business class product imo. Not sure why you believe Fiji is the sweet spot. I've been to every country in the Pacific, including the micros. It has nothing that Southeast Asia doesn't have, except for worse service and higher prices.
No, as I didn't have experience booking with points, I thought Virgin's published rates were the best.
Might offload Qantas points, and start accumulating other points now, for using.
Thanks
Don't tell everyone your immigration story. The way people can be on these forums, they'll start blaming you for stealing all their successful credit card applications!
Hahaha I was part of the very first wave of boat people that crashed through the last vestiges of the white Australia policy in the mid 70s. After growing up in inner city Melbourne in those days as a non WASP, my hide is as thick as a rhino's. Ain't nothing no man can say that I haven't heard and then disregarded. And after 40 years in this beautiful country, I'm more Aussie than Ernie Dingo.
Agree with this guy.
My rating still well over 800 and getting better as I churn cards.
Tbh, it's a bit hit and miss when it comes to your credit rating but nevertheless, it is recommended to know your score. Especially with the new rule change where your habit on paying your cards (on time or not) will also now impact your scores. I too applied for cards for the points and even though I have no debt, slightly above average salary, has a good chunk of savings, never pay late fees, etc, my credit score is not as high as I thought it would. If any, it got lower from the new card I applied. Let say you got declined a card application for not submitting a required piece, even the credit enquiry from your failed application will affect your scores and it stays there for 5 years. But again YMMV..
I have been applying around 7+ credit cards in a year and still get 750+ credit rating - the score didn't change (in fact, it went up a bit).
anyone know if you still keep the points after cancelling the card?
You keep the points once they are credited to your QFF account
You can cancel it as soon as your QFF points come in.
They usually say it could be up to 3mths though after you've met the "eligible purchases" requirement. Check the fine print to confirm.
How long does it take for the points to come in though?
Links for credit rating websites tia
AMEX has one where you get 100,000 QFF points if you spend $3k in 3 months. But it's got an annual fee of $450, but it's offset by a $450 Qantas voucher each year.
This one is a zero cashflow game though!
Any other better offers for someone with a 65k income?
Apply for the QFF Black card and report your income as $71,175 including Super :)
They might accept you
Credit card minimum income levels are generally tiered at 35k and 75k levels exclusive of super. Since you're not on 75k+ then this is as good of an offer as you can find. QFF and Velocity points are worth more than bank reward points (other than Amex Ascent).
I was only on 70K when I applied for the ANZ Black QFF back in 2015. I punched in my salary as $76650 and got accepted and they didn't even ask for my payslip. Luck was on my side back then I guess since nowadays most credit cards application requires 2 recent payslips as proof of income.
If you can get away with it, go for it. I prefer not to risk wasting an inquiry on my credit history, and only apply for cards which I'm very confident will be approved.
Sad, this doesnt come with 2 free amex lounge access = (
what can you redeem for 65k QP? can you transfer to asia miles?
I'm kind of new to the whole cycling of credit cards for bonus points. Have been bitten by the travel bug so to speak and would love to be able to travel business internationally in the future.
If I have the income to permit it am I better off going for the black version for the extra 10,000 points? I'm guessing the limiting factor is like once you cancelled a card you have to wait a year before getting one with the same bank or something? So in that sense is it best to just go for the highest point card?
100% go for Black, better card and more points if you meet eligibility.
Usually 12 month wait for Visa/Mastercard and 18 months for Amex after cancelling for sign up bonuses.
Black + Amex Explorer/Qantas Ultimate best combo right now.
What do you mean by the wait? To take a card out with the same company?
Can take out a card anytime, referring to the wait for sign up bonuses.
Pointhacks & Australian Frequent Flyer are great sites to learn more.
Once you go Black…
Cheers got approved for the ANZ Black, I'll get the points from that then look into the Explorer or Ultimate. Is that an either/or situation or can you sign up to both for the 100k points?
Congrats! Just the one for 100k, have a look at preferred destinations and which airline award redemptions suit.
Explorer is more flexible with credit and who you can transfer points to, Qantas is a bit more locked in with the travel credit and redemption, but sign up points potentially worth more.
Can also sell Qantas points here for $1k cash and cover sale flights (i.e. Haikou at moment).
ANZ have different credit card types - Rewards and Frequent Flyer. FF will give you Qantas FF points and Rewards will give you ANZ Rewards points (worth less than QFF). Both of these have the 12 month rule but this rule only applies to cards within each family. So you can take advantage of both Rewards and FF cards simultaneously if you wanted to.
I go for the highest bonus points offer I can, given I meet the income requirements, and there is no annual fee charged. Annual fee criteria is more subjective as the additional points usually outweigh the cost of the annual fee, but this is just my personal preference.
If your annual income exceeds 75k than you should definitely go for the highest earning offer. Then as soon as the points come in (this differs among the banks; AMEX being the best, followed by NAB, ANZ are midlings) you cancel, wait out in purgatory and then do it again. Unless you're channeling 100k or more through the card p.a, it makes no sense to keep it any longer than when the bonus kicks in. Do this a few times and you'll be flying comfortably up front to any where you want to go.
Don't forget to get your free 2 lounge passes before you cancel :)
I never do. They go for $50 each which I use to defray the cost of the card.
Can you apply for these cards as joint partners? While we both earn >35k we have a mortgage and all of our moneys are in shared accounts. So, assets are shared, liabilities are shared etc.
Nopes
You’re always applying as one person, but typically they ask your household/spouse income and that gets factored in, and having an additional cardholder is usually free. But the actual account holder is 1 individual. On the plus side it means you and your spouse can both apply if you want to double dip on signup bonuses
Any ideas when this promotion ends? I want to finish my 3 month spend on the recent amex deal before I fire up this one!
This deal is pretty much always on, if you look at past ANZ deals you'll see this gets reposted every other month or so.
Thanks for the comment. But to answer my own question, 30th of April.
Can anyone please tell me how long it takes for ANZ to credit the bonus points once the spending criteria are met?
Has happened to me the day after the statement date from when you completed the spend condition. So usually that is statement number 4.
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minimum income requirement?