The Australia and New Zealand Banking Group (ANZ) is set to roll out a new credit card that offers customers a complimentary return flight within Australia and two complimentary lounge passes every year.

Dubbed ANZ Rewards Travel Adventures card, the new offering does not charge any overseas transaction fees on purchases.

It also offers a rewards program and other benefits, including uncapped rewards points so that customers can get the most out of every dollar they spend.

ANZ managing director products and marketing Matt Boss said: "We developed this market-leading card specifically for customers who want to travel, and it represents great value for them.

"Not only do they get a great card they can use for everyday purchases, they also get a return flight within Australia with Virgin Australia and two Virgin Australia single entry lounge passes each year, and no overseas transaction fees on purchases or international retail websites.

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"ANZ is the only major Australian bank to offer a card with all these features and we are still the only Australian bank to offer customers a digital wallet whether they have an Apple or Android smartphone, which this new card will work with."

Available as an ANZ Visa and American Express card, the Rewards Travel Adventures card provides complimentary overseas travel and medical insurance, 55 days interest free on purchases and no fees on purchases made overseas.

Customers will have to spend $500 during the first three months to activate these benefits, which are then offered every year just by paying the annual fee of $225.