ANZ Black Qantas Frequent Flyer Credit Card Promotion – 50000 points, free annual fee first year

ANZ has a special going on until 30th June 2015. I you apply and get approved, spend $3000 within the first 3 months you will get 50000 QFF or ANZ rewards points. The other perk is of course annual fee free for the first year. (Usually $425 inc QFF opt in)

Main Perks summary

  • Good points ratio QFF AMEX – $1 – 1.5 QFF *VISA $1 – 0.75 (Which is probably the best big 4 bank earn rate)
  • Additional 1 point per $1 on Qantas Products
  • uncapped points
  • 2 x complimentary Qantas Lounge passes
  • Unlimited entry to airport lounges outside Australia through veloce
  • Discounted Qantas Club Membership
  • Comprehensive Travel Insurance by QBE once you spend $250 (per event though)
  • 50000 points + free annual fee first year
  • Should be able to pay ATO with these cards, 1.45% with the AMEX is the one to go for.

Cons

  • Requires income over 75k to apply
  • VISA point ratio still doesn’t compare to other cards which can be $1 to 1 point.
  • Extended warranty only increases by 1 year if its 1-5 year warranty. Westpac is better.

My Take

  • Free 50000 QFF points and annual fee free (cancel once you get the points)
  • can sell QFF lounge pass if you don’t use it
  • QFF can be hard to redeem at times
  • Should apply before they finish in June

NAB rewards Rewards Premium Card bonus 40k points

There are quite a few good offers at this time of the year. Time to get your bonus points for your flights!

This popped up yesterday and I signed up immediately.

NAB Qantas Rewards Premium Card – bonus 40k points after eligible spend.

What’s the earn rate?

For the top 4 banks, it’s probably not the best earn rate compared to ANZ, CBA, Westpac. But it’s AMEX earn rate is the same as the others. The VISA points is a bit disappointing as you can see below.

AMEX – $1 to 1.5 Qantas points

VISA – $1 to 0.5 Qantas points.

What’s good about it?

  • 40000k free points once approved
  • comparable amex earn rate
  • 7 Complimentary insurances (Travel, extended warranty, purchase protection etc)
  • $0 annual fee for the first year. Usually $250.
  • Free supplementary card
  • 44 days interest free if you pay your bill on time.
  • Just need eligible spend to get 40k points. Doesn’t say you need to spend a certain amount.

Hard to apply?

  • You must apply online to get the offer
  • Should get immediate response
  • Should take 10 mins or so

Bottom line

  • Might only need to use it once or a few times and wait for the bonus points
  • Free 40k points – winner
  • not as good as the top bank cards which includes lounge passes etc. But for free, can’t complain.
  • You should all apply!