Head-to-head
Qantas Money Premium vs ANZ Frequent Flyer Black
Rates & conditions verified 7 June 2026
Rates can change without notice. Last verified: 7 June 2026 (AEST). Please confirm details on the bank’s official page.
Two cards that earn Qantas Points directly — one issued by Qantas' own money arm, one by a big-four bank. The shape of the bonus differs: all in year one versus split across two years, with different fees and perks attached.
Qantas Money Premium Card
Best for Qantas flyers who want the whole bonus in year one and a card from Qantas' own stable
Condition: Sign-up bonus after meeting a minimum spend in the first months; part may require no recent Qantas card
- Earns Qantas Points directly
- Entire bonus lands in year one
- Issued by Qantas Money
ANZ Frequent Flyer Black
Best for those who value big-bank backing, cashback on sign-up and premium travel perks
Condition: Sign-up bonus after meeting a minimum spend, plus a second tranche for keeping the card 12 months
- Earns Qantas Points directly
- Cashback softens the first-year fee
- Lounge passes + travel insurance
At a glance
| Qantas Money Premium Card | ANZ Frequent Flyer Black | |
|---|---|---|
| Bonus points | 120,000 pts | 130,000 pts |
| Annual fee | $399 | $425 |
| Condition to earn it | Sign-up bonus after meeting a minimum spend in the first months; part may require no recent Qantas card | Sign-up bonus after meeting a minimum spend, plus a second tranche for keeping the card 12 months |
The verdict
Both feed Qantas Points straight into your Frequent Flyer account, so this is about the shape of the value. Qantas Money front-loads everything into year one — attractive if you plan to reassess cards annually. ANZ spreads its bonus and adds cashback and premium perks, rewarding those who keep the card longer. Compare the bonus totals, spend requirements and fees in the table, and check each card's earn-rate cap against your monthly spend — the caps differ, and a high spender will feel them differently.
FAQs
Do both cards earn Qantas Points directly?
Yes — no transfer step on either. Both credit Qantas Points straight to your Qantas Frequent Flyer account, with earn rates and statement-period caps shown on each card's review page.
Which suits a card-churner better?
A bonus that lands entirely in year one suits someone who reassesses cards annually, while a split bonus rewards holding the card into a second year. Check each offer's eligibility rules — recent Qantas-earning cards can disqualify you from part of a bonus.
Related guides
Information verified 7 June 2026. Rates are variable and subject to change. Confirm current rates and conditions on each provider's website before applying. This is not financial advice.