ANZ is elevating rates of interest and money advance charges, capping the factors you’ll be able to earn on its rewards and frequent flyer playing cards, and chopping again complimentary journey insurance coverage. The modifications roll out in phases: charges went up on 28 September 2026, charges and factors caps observe on 28 October 2026, and insurance coverage modifications on 9 December 2026 and 24 March 2027.
If you happen to’ve obtained an ANZ bank card in your pockets, right here’s what’s altering, which playing cards are affected and what it might price you.
Key numbers
- 28 September 2026: normal buy charge rose to 22.49% p.a. on most affected playing cards (already in impact)
- 28 October 2026: money advance payment goes from 3% (min $3, max $20) to three.5% (min $4, max $50)
- 28 October 2026: no factors on spend above $25,000 (Platinum playing cards) or $50,000 (Black playing cards) per assertion interval
- 9 December 2026 and 24 March 2027: journey insurance coverage decreased or eliminated on a number of playing cards
Methodology: modifications taken from ANZ’s “Vital modifications to ANZ bank cards” discover, and present charges from our card pages, each checked 30 September 2026.
What’s altering on ANZ bank cards?
| Function | Earlier than | After |
|---|---|---|
| Commonplace buy charge (most playing cards, modified 28 Sep 2026) | 20.99% p.a.* | 22.49% p.a. |
| Money advance and steadiness switch charge (modified 28 Sep 2026) | 21.99% p.a.* | 23.49% p.a. |
| Money advance payment (from 28 Oct 2026) | 3% (min $3, max $20) | 3.5% (min $4, max $50) |
| ANZ Frequent Flyer Platinum factors (from 28 Oct 2026) | 0.75 Qantas Factors per $1 as much as $3,000, then 0.5, with no cap | Identical tiers, however no factors on spend over $25,000 per assertion interval |
| ANZ Frequent Flyer Black factors (from 28 Oct 2026) | 1 Qantas Level per $1 as much as $7,500, then 0.5, with no cap | Identical tiers, however no factors on spend over $50,000 per assertion interval |
| ANZ Rewards Platinum factors (from 28 Oct 2026) | 1.5 Reward Factors per $1 as much as $2,000, then 0.5, with no cap | Identical tiers, however no factors on spend over $25,000 per assertion interval |
| ANZ Rewards Black factors (from 28 Oct 2026) | 2 Reward Factors per $1 as much as $5,000, then 1, with no cap | Identical tiers, however no factors on spend over $50,000 per assertion interval |
| Journey insurance coverage: ANZ Platinum and Frequent Flyer Platinum (from 9 Dec 2026) | Worldwide cowl as much as 3 months, journey cancellation $20,000, legal responsibility $3 million | As much as 1 month, $10,000 and $1 million |
| Journey insurance coverage: ANZ Rewards Platinum (from 9 Dec 2026) | Worldwide and home journey, rental car extra | Eliminated (buy safety and prolonged guarantee keep) |
| Journey insurance coverage: ANZ Frequent Flyer Black (from 24 Mar 2027) | Worldwide cowl as much as 6 months, journey cancellation $20,000, legal responsibility $3 million | As much as 2 consecutive months, $10,000 and $1 million |
| Journey insurance coverage: ANZ Rewards Black (from 24 Mar 2027) | Complimentary journey insurance coverage included | Eliminated (buy safety and prolonged guarantee keep) |
*Charges earlier than 28 September 2026, as listed on our card pages. ANZ says the ANZ Low Price buy charge stays at 13.74% p.a.
Which playing cards are affected?
ANZ’s discover covers these playing cards that we record:
ANZ’s enterprise playing cards aren’t a part of this discover.
What does it imply for you?
For most individuals, the factors caps gained’t chew. $25,000 in a single assertion interval is quite a lot of spending. The place you’ll discover it’s a huge one-off buy, like a automobile deposit, a marriage or a renovation invoice.
Right here’s a labored instance on the ANZ Frequent Flyer Platinum with $30,000 spent in a single assertion interval:
- Now: $3,000 × 0.75 + $27,000 × 0.5 = 15,750 Qantas Factors
- From 28 October: $3,000 × 0.75 + $22,000 × 0.5 = 13,250 Qantas Factors
- Distinction: 2,500 factors, or ~$62 at our frequent flyer factors valuation of two.47 cents per level (flight redemptions solely)
The money advance payment is the place the change is best to really feel. A $1,000 money advance at present prices $20 (the three per cent payment hits the $20 most). From 28 October, it’s 3.5 per cent, so $35. And that’s earlier than curiosity, which begins from day one on money advances.
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If you happen to depend on your card’s complimentary journey insurance coverage, verify your dates. Journeys booked now for after 9 December 2026 (or 24 March 2027 for the Black playing cards) might have much less cowl, or none in any respect on ANZ Rewards Platinum and Rewards Black.
What are you able to do?
- Hold the cardboard if the modifications don’t contact how you utilize it. If you happen to spend effectively beneath the caps and don’t use money advances, chances are you’ll barely discover.
- Time huge purchases. If a big expense is coming, spreading it throughout two assertion intervals can preserve you beneath the cap (so long as you’ll be able to nonetheless pay in full).
- Assessment your journey cowl earlier than reserving journeys that fall after the insurance coverage change dates. Our information to bank cards with free journey insurance coverage may also help.
- Examine alternate options on our ANZ bank cards web page, or learn our information to the ANZ Rewards program.
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Tip: Keep away from money advances on any bank card in the event you can. Between the brand new 3.5 per cent payment and curiosity from day one, it’s one of the crucial costly methods to borrow.
As for why, ANZ says it frequently opinions its merchandise, charges and options “to replicate modifications in market situations”.
“If you happen to’re an ANZ cardholder, the insurance coverage modifications are those I’d put in your diary. Loads of individuals select a card due to the journey cowl, so if that’s you, verify what you’ll nonetheless have earlier than your subsequent journey.”
Pauline Hatch, bank card knowledgeable at CreditCard.com.au
Ceaselessly requested questions
When do the ANZ bank card modifications begin?
Rates of interest went up on 28 September 2026. The money advance payment and factors caps begin on 28 October 2026 (factors caps apply to statements from 28 November 2026). Insurance coverage modifications observe on 9 December 2026 and 24 March 2027, relying on the cardboard.
Will I lose the factors I’ve already earned?
ANZ’s discover is about what number of factors you earn from 28 October 2026. It doesn’t say current factors balances are altering.
Do bonus factors on Qantas purchases change?
In line with ANZ, the bonus Qantas Factors on eligible Qantas merchandise for the Frequent Flyer playing cards aren’t altering.
Is ANZ the one financial institution making modifications?
No. A number of main banks have introduced modifications to charges, rewards and insurance coverage across the identical time, so it’s price checking any notices from your personal financial institution.
Common recommendation solely: this text is normal info and doesn’t take note of your targets, monetary state of affairs or wants. Take into account the Goal Market Dedication (TMD) and the phrases and situations earlier than making use of for or retaining any bank card. Modifications are as acknowledged in ANZ’s “Vital modifications to ANZ bank cards” discover (anz.com.au). Card particulars are appropriate as at 30 September 2026 and may change.
