How do I earn the 100,000 bonus Qantas Points with ANZ Frequent Flyer Black?

You get 50,000 bonus Qantas Points when you meet the minimum spend on eligible purchases in the first 3 months after approval. A further 50,000 bonus points are added when you keep the card for more than 12 months.

What Qantas Points earn rate does the ANZ Frequent Flyer Black offer?

You earn 1 Qantas Point per $1 spent on eligible purchases, up to $7,500 spend per statement period. After that, the earn rate drops to 0.5 Qantas Points per $1. From 28 October 2026, spend over $50,000 in a statement period earns no points.

ANZ Frequent Flyer Black Review (2026)

Q: What is the annual fee for the ANZ Frequent Flyer Black?

The annual fee is $425, which includes the Qantas Rewards Program Service Fee. There is no reduced first-year fee.

Offer and details verified 1 October 2026

Rates can change without notice. Last verified: 1 October 2026 (AEST). Please confirm details on the bank’s official page.

Bonus Qantas Points

100,000

50,000 yr 1 + 50,000 yr 2

Annual fee

$425

incl. Qantas program fee

Base earn

1 pt/$1

up to $7,500 spend per statement period

Interest-free days

on purchases

Current Offer

The ANZ Frequent Flyer Black earns Qantas Points directly, with no conversion step. The current offer is a points bonus in two parts: one for meeting the minimum spend in your first 3 months, and a second for keeping the card past its first year. There is no cashback or fee discount attached, so the full annual fee applies from day one.

Milestone	Reward	Requirement
Year 1 points	50,000 pts	Meet the minimum eligible spend in the first 3 months
Year 2 points	50,000 pts	Keep the card for more than 12 months
Total	100,000 pts	Over 2 years

Check the exact spend target on ANZ's site before applying, as it can change between offers.

Ongoing Earn Rates

Spend	Qantas Points per $1
eligible purchases	1 pt
additional on selected Qantas products and services	1 pt
Beyond $7,500 spend per statement period	0.5 pts

Perks and Extras

Lounge access	2 Qantas Club visits a yearTwo invitations in any 12-month period, redeemed through ANZ's form
Travel insurance	IncludedComplimentary; cover, limits and activation rules are set by the issuer
Concierge	Included
Foreign transaction fee	Not stated

Free Qantas Frequent Flyer membership
Extended warranty and purchase protection insurance
Rental vehicle excess cover in Australia
ANZ has announced reduced travel insurance cover from 24 March 2027

Perks as listed on ANZ's card page on 10 September 2026. Eligibility, registration steps and cover limits are set by the issuer and can change.

Eligible purchases exclude cash advances, balance transfers, BPAY, government payments, and certain other transactions. From 28 October 2026, ANZ stops awarding points on spend over $50,000 in a statement period.

Key Benefits

Qantas Club lounge passes
Qantas Frequent Flyer membership included
Complimentary travel insurance
Purchase protection insurance
Up to 44 days interest-free on purchases

Pros and Cons

Pros

✓ Up to 100,000 bonus Qantas Points over two years
✓ Year 2 bonus only requires keeping the card
✓ Points go straight to your Qantas account
✓ Travel and purchase insurance included

Cons

✗ $425 annual fee with no first-year discount
✗ No cashback or other sign-up extras
✗ Earn rate drops beyond $7,500 spend per statement period
✗ No points on spend over $50,000 per statement period from 28 October 2026
✗ Not available if you've held ANZ Frequent Flyer or Rewards in the last 24 months

Is the $425 Annual Fee Worth It?

You pay the full $425 in year one. If you value Qantas Points at 1.5c to 2c each (a cautious figure for domestic economy flights), the 50,000 first-year points are worth roughly $750 to $1,000, which covers the fee if you hit the spend target and actually redeem the points.

In year 2 you pay the fee again and receive 50,000 points for keeping the card, worth about $750 to $1,000 at the same valuation. After that the bonus is gone, so renewing only makes sense if your everyday points earn, lounge passes and insurance are worth more to you than the fee.

How It Compares

The Westpac Altitude Qantas Black offers a larger two-year bonus, but you have to meet a spend target again in year 2, and its Qantas program fee sits on top of the card fee. That makes it $355 in year one and $450 after, against ANZ's flat $425. ANZ's second bonus needs no extra spend, which suits people who won't keep up a high spend after the first few months.

Westpac Altitude Qantas Black
150,000 pts — $295 card fee + $155 Qantas program fee, spend needed in both years
American Express Qantas American Express Ultimate
120,000 pts — $450 fee, offer ends 17 Nov 2026
ANZ Frequent Flyer BlackReviewed here
100,000 pts — $425 fee, second bonus for keeping the card

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FAQs

How do I earn the 100,000 bonus Qantas Points?

You get 50,000 points when you meet the minimum eligible spend in the first 3 months, then a further 50,000 points once you've kept the card for more than 12 months.

What is the annual fee?

$425 a year, which includes the Qantas Rewards Program Service Fee. There is no first-year discount.

What is the ongoing Qantas Points earn rate?

1 point per $1 up to $7,500 spend per statement period, then 0.5 points per $1. From 28 October 2026, spend over $50,000 in a statement period earns no points.

View ANZ Frequent Flyer Black →

Information is general in nature and may change without notice. Offer details verified 1 October 2026. Confirm current offer, fees, and eligibility on ANZ's website before applying. This is not financial advice.