ANZ Credit Card Changes Effective 28th October 2026

[Nate-Dawg]

ANZ have announced their changes effective 28th October 2026.

Ther largest changes are to the included insurances. Different cards will have different levels of insurance (three tiers total) with some changes in December and others in March.

Monthly points caps have been introduced. They kick in at $25k per statement period for Platinum cards and $50k per statement period for Black cards. No changes to the current earn rates or tiering thresholds.

Slight increases in interest rates and cash advance fees. No changes to the annual fees.

 

[kpc]

Phew. I have the ANZ Black... 1 Qf pt per $1 up to $7500 per statement so no change. I can live with this.

Dont use their travel insurance so not an issue for me.

 

[MEL_Traveller]

brutal for some cards where international and domestic travel insurance is being removed entirely.

ANZ platinum is level 2 which reduces trips to one month, and now only covers cancellation, medical and personal liability. Which is fine for me! But others may miss things like baggage.

 

[Nate-Dawg]

Phew. I have the ANZ Black... 1 Qf pt per $1 up to $7500 per statement so no change. I can live with this.

Dont use their travel insurance so not an issue for me.

Yep, if you’re not using their travel insurance then there’s basically no change. ANZ substantially devalued the sign-up bonus (for the Qantas card anyway) and basically kept the ongoing earn rate the same, whereas other banks have mostly lowered the ongoing earn rate and kept the sign up offer (for now anyway).

 

[Tea-Aholic]

I cannot believe what I am seeing. ANZ Rewards Black is going to be demoted to a Level 3 card? So their flagship card will come with no insurance?

 

[andrewpf]

I cannot believe what I am seeing. ANZ Rewards Black is going to be demoted to a Level 3 card? So their flagship card will come with no insurance?

Where are you seeing that? The Notice of Change says it is a Level 1 card, and comes with the highest level of insurance they are offering.

 

[Highway23]

Where are you seeing that? The Notice of Change says it is a Level 1 card, and comes with the highest level of insurance they are offering.

P30 of the linked Notice of Change states that in Phase 2 (from 24 March 2027), the ANZ Rewards Black becomes Tier 3. Its Tier 1 until then, but ANZ QFF Black is the only Tier 1 after Phase 2.

Edit: it’s p31, apologies.

 

[ayebee]

mmm. I have an ANZ QFF Black, but have not received any info so far.
Is this specific to "ANZ Rewards Black" or does it cover the QFF variant as well ?

edit - I just read Highway23 post - seems the QFF variant stays T1 ?

 

[wabomberboy]

The jury is still out with this one. Disappointed the domestic insurance is gone from the platinum rewards but glad purchase protection stays. I spend roughly 2-3k per month and this gives Me a trip from Perth to Melbourne. The domestic insurance really came in handy.

 

[Tea-Aholic]

I think it’s time to cancel my card then. I don’t get why the Qantas one is a Level 1 and the Rewards is a Level 3.

It was an easy way to activate since you only needed to spend $250.

 

[Bazzi]

I will miss the insurance - we travel on this all the time. Don’t spend a lot on this card but have a great credit limit which I doubt I would ever get again - age and income. Moving sideways to the QF Black for the insurance won’t be an option as I have a grandfathered membership fee on the ANZ Black of $40 a year plus $55 rewards program fee and that would certainly disappear.