The ANZ Platinum credit card is the mid tier ANZ card tailored for those who are looking for a nice ANZ reward sign-up bonus and to earn ANZ rewards on everyday spend, without a large annual fee. We broke down the the details of this card, if you’re looking for the TL;DR, skip down to the summary. Or visit ANZ to find out more.
ANZ Rewards points – Sign-up Bonus and earn rate
The ANZ Platinum credit card offers 80,000 bonus ANZ Rewards Points . To be eligible for these bonus points you have to be a new card holder (you don’t currently hold and haven’t opened or closed an ANZ Frequent Flyer Black, ANZ Frequent Flyer Platinum or an ANZ Frequent Flyer credit card in the last 12 months). To earn the bonus points you need to meet the minimum spend requirement of $2,000 in the first three months.
Beyond the respectable 80,000 sign up bonus ANZ Rewards Points, the ANZ Platinum credit cardoffers an earn rate of
- 1.5 ANZ Rewards Point for every $1 up to and including $2,000
- 0.5 ANZ Rewards Points for every $1 over $2,000
Per statement period on eligible purchases. Eligible purchases include most transactions. Exclusion include: fees, cash, cash equivalent transactions, balance transfers and transactions for gambling or gaming.
ANZ Rewards Transfer Partners
Frequent Flyer Program Transfer rate Effective transfer rate Effective bonus points
Virgin – Velocity Frequent Flyer 2 ANZ Rewards points to 1 Velocity Point 0.75 Velocity Points per $1 40,000 Velocity Points
Singapore Airlines – KrisFlyer Miles 3 ANZ Rewards points to 1 Krisflyer mile 0.5 KrisFlyer miles per $1 26,667 Krisflyer miles
Cathay Pacific -Asia Miles 3 ANZ Rewards points to 1 Asia Mile 0.5 Asia Miles per $1 26,667 Asia Miles
Air New Zealand Airports 200 ANZ Rewards points to 1 Airpoints Dollar 0.0075 Airpoints per $1 400 Airpoints dollars
One thing to consider with the flexibility is that you are often paying for it. If you compare this to the ANZ Frequent Flyer Platinum card they both fall in the mid tier category, from the same bank, but one offer 70,000 Qantas Points and the other the equivalent of 40,000 Velocity Points. So whether the flexibility or not is worth it for you is something worth considering.
Fees and Credit Limit
The ANZ Platinum credit card has an annual fee of $149. However, you can receive $50 back to your card if you meet the minimum spend of $2,000 in the first three months. The interest rate is 20.49% on purchases and the minimum credit limit is $6,000.
Insurances and other benefits
There are also many other features of the ANZ Platinum card which may be of benefit depending on your needs.
- International and Domestic Travel Insurance
- Rental Vehicle Excess in Australia
- Purchase Protection Insurance
- Extended Warranty Insurance
Read the PDS for details.
Eligibility Criteria
These are the publicly available minimum requirements to be eligible for the ANZ Platinum credit card. Additional eligibility criteria, such as income, will generally be required later on.
- Be 18 years old of age or over, and;
- Be a permanent Australian resident or a non-permanent resident with more than 9 months remaining on your visa
- Have a good credit rating
Summary
| Annual fee | $149 (receive $50 back after meeting the minimum spend) |
| Bonus points | 80,000 ANZ Rewards Points |
| Earn rate | 1.5 ANZ Rewards Point for every $1 up to and including $2,000 0.5 ANZ Rewards Points for every $1 over $2,000 |
| Interest rate (purchases) | 20.49% |
| Interest rate (cash advances) | 21.99% |
| Insurances include | Domestic Travel Insurance International Travel Insurance Purchase Protection Insurance Extended Warranty Insurance (PDS) |
| Lounge passes | None |
| Additional card holders | Up to 9 additional card holders. $65 annual fee each |
This is a high earning mid-tier card with included insurances and 80,000 bonus ANZ Rewards Points.
The annual fee is $149, with $50 back after meeting the minimum spend. If you are interested in Velocity points, the Virgin Money Flyer Card may be appealing with up to 60,000 bonus points on offer.