ANZ Frequent Flyer Platinum Credit Card – Rates and Fees

Information verified correct on February 19th, 2017
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The ANZ Frequent Flyer Platinum Credit Card offers 50,000 bonus Qantas Points, free Qantas Frequent Flyer membership and $0 annual fee in the first year.

The ANZ Frequent Flyer Platinum credit card offers plenty of ways for cardholders to get extra value from paying on plastic. New applicants can receive 50,000 Qantas Points when you spend at least $2,500 on eligible purchases within the first 3 months.

Product NameANZ Frequent Flyer Platinum
Rewards ProgramQantas Frequent Flyer
Purchase rate (p.a.)19.99% p.a.
Annual fee$0 p.a. annual fee for the first year ($295 p.a. thereafter)
Interest Free Period
The interest-free period on purchases is the period or number of days you do not have to pay interest on your card purchases. You will be charged interest either from the day you make a purchase or from the statement date, unless you pay the closing balance in full by the due date (or within the interest-free period) on your statement.
Up to 55 days on purchases
Cash advance rate (p.a.)21.49% p.a.
Min credit limit
This is the lowest credit card limit that you can request. It is possible to apply for a higher credit card limit but not a lower one than this figure.
$6,000
Max credit limit
This credit limit may not be issued to you immediately on application. This is the maximum credit limit for this card which must be applied for or offered to you after you are approved and have already opened the account.
$50,000
Minimum Monthly Repayment2%
Minimum Income$35,000
Card TypeAmerican Express/Visa
Late Payment Fee$20
Foreign Currency Conversion Fee (VISA)
Foreign currency conversion fees are charged when you make a transaction that is converted by a credit card network, such as MasterCard, Visa or American Express, from Australian dollars to a foreign currency. You’ll also incur a currency conversion fee if you make a purchase or obtain a cash advance in Australian dollars while overseas or shopping online with a foreign merchant or financial institution.
3% of transaction value
Foreign Currency Conversion Fee (AMEX)
Foreign currency conversion fees are charged when you make a transaction that is converted by a credit card network, such as MasterCard, Visa or American Express, from Australian dollars to a foreign currency. You’ll also incur a currency conversion fee if you make a purchase or obtain a cash advance in Australian dollars while overseas or shopping online with a foreign merchant or financial institution.
3% of transaction value
Complimentary Travel InsuranceYes
Complimentary Travel Insurance Cover6 months
Available To Temporary ResidentsNo
Joint ApplicationNo
Minimum Income$35,000
Minimum Age18 years of age
Available to Temporary ResidentsNo
Credit Rating Requirement
Credit rating requirement is provided only as a guide. Understanding your credit file helps you make more informed decisions in regards to your finances. Learn more about what this means here.
Good
Min Credit Limit
This is the lowest credit card limit that you can request. It is possible to apply for a higher credit card limit but not a lower one than this figure.
$6,000
Max Credit Limit
This credit limit may not be issued to you immediately on application. This is the maximum credit limit for this card which must be applied for or offered to you after you are approved and have already opened the account.
$50,000
Annual Fee$0 p.a. annual fee for the first year ($295 p.a. thereafter)
Minimum Repayment2%
Late Payment Fee$20
Over Limit Fee$20
Cash Advance FeeThe greater of 2% of the cash advance amount or a minimum of $0
Overseas Cash Advance FeeThe greater of 2% of cash advance amount or a minimum of $4.00
Overseas ATM Withdrawal Fee$5
Foreign Currency Conversion Fee (VISA)
Foreign currency conversion fees are charged when you make a transaction that is converted by a credit card network, such as MasterCard, Visa or American Express, from Australian dollars to a foreign currency. You’ll also incur a currency conversion fee if you make a purchase or obtain a cash advance in Australian dollars while overseas or shopping online with a foreign merchant or financial institution.
3% of transaction value
Foreign Currency Conversion Fee (AMEX)
Foreign currency conversion fees are charged when you make a transaction that is converted by a credit card network, such as MasterCard, Visa or American Express, from Australian dollars to a foreign currency. You’ll also incur a currency conversion fee if you make a purchase or obtain a cash advance in Australian dollars while overseas or shopping online with a foreign merchant or financial institution.
3% of transaction value
Gambling Transactions AllowedYes
Gambling Transactions Interest RateCash Advance Rate
Additional Cardholder Fee$65 p.a.
Number of Additional Cardholders9
BPAYYes
ChequeYes
Direct DebitYes
Australia PostNo
Phone BankingYes
Internet Banking TransfersYes
In BranchYes
MailYes

Pros

  • Receive 50,000 Qantas Points when you spend $2,500 on eligible purchases for the first three months. Offer available to online applications only.
  • Enjoy a $0 annual fee for the first year.
  • Earn 1.5 Frequent Flyer points for every $1 spent on your American Express card and 0.5 point for every $1 spent on your Visa.
  • This card is rich with platinum benefits and other credit card perks including Apple Pay eligibility for convenient payments plus complimentary International travel & medical insurance.

Cons

  • A high revert annual fee of $295 applies after the first year of using the card.
  • This coupled with purchase rate of interest of 19.99% p.a. makes this an expensive card to use and maintain.
Rewards ProgramQantas Frequent Flyer
Bonus Points on Sign-up50,000
Rewards Points per $ (VISA/MC)0.5
Rewards Points per $ (AMEX)1.5
Rewards Points per $ (VISA/MC) Cap3,000
Rewards Points per $ (AMEX) Cap9,000
Points ExpiryNever

ANZ Frequent Flyer Platinum Credit Card review

The ANZ Frequent Flyer Platinum Credit Card offers a lot more than just rewards and bonus points. Spend with convenience with Visa PayWave contactless technology, access to eDine and the ANZ Wine Club and emergency credit card replacement anywhere in the world. You can also receive up to 55 interest-free days on purchases when you sign up for your new ANZ Frequent Flyer Platinum Credit Card. This credit card also offers interest-free days that'll help keep your interest costs low.

Benefits of ANZ Frequent Flyer Platinum Credit Card

  • 50,000 bonus Qantas Points offer. Get 50,000 bonus Qantas Points when you spend $2,500 on eligible purchases within the first three months of card approval. Eligible purchases exclude fees, cash, cash equivalent transactions, balance transfers and premiums for ANZ credit card insurance. Offer is available to online applications only.
  • No annual fee in the first year. New cardholders can take advantage of the annual fee waiver in the first year. An annual fee of $295, which includes a $240 annual account fee and a $55 Rewards Program services fee will apply thereafter. Offer is available to online applications only.
  • Qantas Frequent Flyer membership offer. If you're approved for an ANZ Frequent Flyer Platinum Credit Card, you'll automatically receive an opportunity to sign up for a Qantas Frequent Flyer membership. ANZ will waive the joining fee with this offer.
  • Complimentary insurances. The Platinum card also offers complimentary insurances. You will get purchase protection for items you buy using your card in the case that the item is damaged, stolen, or lost. You can also get price matching where you’ll get paid back the difference on an item if it goes on sale after you purchase it. There is also an extended warranty program that adds a warranty onto products that already have a manufacturer’s warranty. You're also covered by overseas travel and medical insurance, interstate flight inconvenience insurance, transport accident coverage, and rental excess coverage.
  • Rewards program. As a frequent flyer credit card, you can earn Qantas Points for every $1 you spend using your platinum credit card and accumulate up to 9,000 Qantas Points per statement period. When you use your American Express card, you can earn 1.5 points for each dollar spent (capped at 9,000 points per statement period), while the Visa version card allows you to earn 0.5 point per dollar spent (capped at 3,000 points per statement period).
  • Mobile payment technology. Apple Pay, Android Pay and ANZ Mobile Pay let you use your Apple or Android device to tap and pay with your eligible ANZ credit card.

Features of the ANZ Frequent Flyer Platinum credit card

  • Annual fee. This card has an annual fee of $295 that includes a $240 annual account fee and a $55 Rewards Program services fee.
  • Rates and fees. This platinum card offers cardholders a 19.99% p.a. interest rate on purchases and a 21.49% p.a. interest rate on cash advances.
  • Security features. When you are an ANZ Frequent Flyer Platinum cardholder you can trust that you’ll be in safe hands. You’ll be able to access emergency card replacement anywhere in the world, emergency cash advances and credit limit increases, a fraud money back guarantee, and round-the-clock monitoring for protection against suspicious account activity.
  • Interest-free days. ANZ offers new applicants up to 55 days interest-free on purchases when you pay your balance in full. This means that you won’t have to pay interest for up to 55 days following your purchase, allowing you to save on interest while accruing rewards points.

How to apply for the ANZ Frequent Flyer Platinum credit card

If you’ve decided that an ANZ Frequent Flyer Platinum credit card is a good choice for you and your current financial situation you, can apply by completing the online application. Before you apply, make sure you've met the eligibility requirements and organised the necessary documents.

Eligibility criteria

  • Age and residency requirements. In order to apply for this credit card, you have to be over 18 years of age and be a permanent resident of Australia. Non-permanent residents may still be eligible but must be holding a 457 working visa and have at least nine months remaining from the date of application.
  • Income requirements. Applicants require a minimum annual income of $35,000 and a good credit rating to apply.

Required documents

  • Proof of identification. You'll be required to provide proof of identification, such as your driver’s license or passport.
  • Proof of income. Make sure to organise any payslips, bank statements, or any other relevant financial information before applying.

If you choose to apply for this ANZ platinum credit card, you can enjoy a number of platinum benefits and cost-saving features. As with any credit card offer, you'll need to compare your options to find the right card for you.

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254 Responses to ANZ Frequent Flyer Platinum Credit Card – Rates and Fees

  1. Default Gravatar
    Emily | January 23, 2017

    Am I able to apply for the credit card and apply as a Balance Transfer?
    I understand the bonus points would only be eligible for purchases not transfer of funds.

    • Staff
      May | January 23, 2017

      Hi Emily,

      Thanks for your question.

      If you think you meet the eligibility criteria and requirements of the ANZ Frequent Flyer Platinum credit card, yes, you can apply and request a balance transfer. However, please note that the balance transfer interest rate of this card is not on 0% promotion, so you will be charged 21.49% p.a. interest on standard balance transfer.

      Cheers,
      May

  2. Default Gravatar
    Victoria | January 10, 2017

    Hi,

    What is considered as eligible purchases to receive the 50,000 Qantas Points when you spend at least $2,500 on eligible purchases within the first 3 months? Specifically, do the purchases have to be made with one of the bonus partners?

    • Staff
      May | January 10, 2017

      Hi Victoria,

      Thank you for your inquiry.

      No, not exclusively with bonus partners. You can use also your card on eligible purchases from other merchants. The purchases that are considered as eligible are those regular purchases which exclude fees, cash, cash equivalent transactions, balance transfers, premiums paid for ANZ Credit Card Insurance and transactions for gambling or gaming purposes.

      Cheers,
      May

  3. Default Gravatar
    Danae | January 9, 2017

    Hello,

    What is considered as eligible purchases for the qantas points? Also do you have to wait the 3 month period before receiving the points or will you receive them once you’ve spent the 2,500$?

    Thanks

    • Staff
      May | January 9, 2017

      Hi Danae,

      Thank you for your inquiry.

      The eligible purchases that earn Qantas points are regular purchases which do not include fees, cash, cash equivalent transactions, balance transfers, premiums paid for ANZ Credit Card Insurance and transactions for gambling or gaming purposes.

      If you are pertaining to the bonus points, yes, the 50,000 bonus Qantas Points will be credited to your ANZ account within three months of the eligible spend criteria of $2500 being met.

      Cheers,
      May

  4. Default Gravatar
    Paul | December 9, 2016

    Can the card be closed after 6 months without losing any of the points or being charged any fees?

    • Staff
      May | December 9, 2016

      Hi Paul,

      Thanks for your question.

      At anytime you can actually close your card without being charged a cancellation fee. However, if you want to receive the Qantas bonus points, you may have to wait that it will be credited to your account first before you close your card. Please note that the bonus Qantas Points will be credited to your ANZ account within three months of the eligible spend criteria being met.

      Cheers,
      May

  5. Default Gravatar
    Karen | October 22, 2016

    How much do I have to spend to be eligible for travel overseas insurance using platinum frequent flyer card

    • Staff
      Ysa | October 24, 2016

      Hi Karen,

      Thanks for your question.

      According to the ANZ Premium Cards insurance policy, you must have:
      - a ticket to return you to Australia; and
      - used a participating card account before you went on your trip to purchase at least AUD$250 in total (inclusive of taxes and other charges) of transport costs (airfares and/or cruise); and/or land content costs (tours, hire cars or other hired transport and accommodation)

      Should you wish to check the other eligibility criteria, please refer to the PDF link I have forwarded to your email.

      Cheers,
      Ysa

  6. Default Gravatar
    Dave | September 9, 2016

    HI,

    I have ANZ Platinum Cr Card without any rewards offering. Can I apply for this card as I have not held an ANZ Frequent Flyer, ANZ Frequent Flyer Gold, ANZ Frequent Flyer Platinum or ANZ Frequent Flyer Black credit card

    • Staff
      Ally | September 21, 2016

      Hi Dave,

      Thanks for your inquiry.

      Kindly note that finder.com.au is an online comparison service that does not represent any financial institution such as ANZ.

      Anyhow, you are eligible to apply for this card as long as you didn’t own any of the following within the past twelve months:

      ANZ Frequent Flyer, ANZ Frequent Flyer Platinum or ANZ Frequent Flyer Black credit card.

      Kindly see the terms and conditions that I sent to your email for reference.

      Thanks,
      Ally

  7. Default Gravatar
    TRUDIE | August 27, 2016

    Hi,

    Just wondering if the frequent flyer point expire?

    • Staff
      May | August 28, 2016

      Hi Trudie,

      Thank you for your inquiry.

      Just want to confirm, are you referring to your Qantas points (earned from this ANZ FF Platinum Card) that are already in your Qantas frequent flyer account? If so, except as otherwise provided in the Qantas T&Cs, points will not expire as long as the Member remains an Active Member.

      Furthermore, all points held in a Qantas Frequent Flyer account of a non-active member will expire at midnight Sydney, Australia time at the end of the 18th consecutive month. Non-activity is the result of which the member has not earned points or status credits or redeemed points (that excludes any transfer of Points to or from an Eligible Family Member and excluding any conversion of Points from Aquire).

      I hope this has answered your question.

      Cheers,
      May

  8. Default Gravatar
    kane | August 2, 2016

    Hi ive just been reading about the anz platinum rewards card. It says that you receive 1.5 points for $1 spent on amex card, or 0.5 points per $1 spent on visa. Does this mean that you get a choice between the two cards, or that you receive both an amex and a visa card. Thanks

    • Staff
      May | August 2, 2016

      Hi Kane,

      Thanks for your inquiry.

      Under one ANZ Frequent Flyer Platinum account, you’ll be able to get two cards (Visa and AMEX). Whichever card you use, you will earn points on eligible purchases. With AMEX card, you can earn 1.5 points for each dollar spent (capped at 9,000 points per statement period), while the Visa card allows you to earn 0.5 point per dollar spent (capped at 3,000 points per statement period).

      Cheers,
      May

  9. Default Gravatar
    rex | July 22, 2016

    Hi, just qualified for 50000 Qantas points by spending specified amount on platinum offer.
    It seems product now offers 75000 points?
    under your rules do I now get extra points?

    Regards,
    Rex

    • Staff
      May | August 2, 2016

      Hi Rex,

      Thanks for your inquiry. Please note that you’ve come through to finder.com.au we are an Australian financial comparison website and general information service, not actually ANZ.

      The 75,000 bonus points are offered to new applicants of ANZ Frequent Flyer Black. This offer is eligible for applicants who have not held an ANZ Frequent Flyer, ANZ Frequent Flyer Gold, ANZ Frequent Flyer Platinum or ANZ Frequent Flyer Black credit card within the previous twelve months.

      Since you have already the ANZ Frequent Flyer Platinum Credit Card, I’m afraid you may not be able to get the 75,000 bonus points anymore nor have the extra points added to your 50,000 points.

      Cheers,
      May

  10. Default Gravatar
    Erin | July 15, 2016

    Will a balance transfer from another card allow me the usual allotment of points on this card? I understand this will not count towards the minimum spend of the first few months on the card. Thanks in advance!

    • Staff
      May | July 15, 2016

      Hi Erin,

      Thanks for your question.

      The balance transfer will not affect the rewards/points scheme of your ANZ Frequent Flyer Platinum. So even if you conduct BT on this card, you will still receive/earn the 50,000 bonus Qantas Points so long you have used your card on eligible purchases within the first three months of card approval.

      Hope this has answered your question.

      Cheers,
      May

Credit Cards Comparison

Rates last updated February 19th, 2017
Purchase rate (p.a.) Balance transfer rate (p.a.) Annual fee
Virgin Australia Velocity Flyer Card - Balance Transfer Offer
Earn 2 Velocity Points per $1 spent and save with a reduced annual fee and a 0% p.a. balance transfer offer for 18 months.
20.74% p.a. 0% p.a. for 18 months $64 p.a. annual fee for the first year ($129 p.a. thereafter) Go to site More info
HSBC Platinum Qantas Credit Card
Receive 60,000 bonus Qantas Points on eligible spend within 3 months. Enjoy access to premium benefits and complimentary insurance.
19.99% p.a. $199 p.a. Go to site More info
NAB Low Rate Credit Card
The NAB Low Rate Card offers 0% p.a. on balance transfers for 18 months. This card also comes with a low annual fee.
13.99% p.a. 0% p.a. for 18 months with a one off 3% balance transfer fee $59 p.a. Go to site More info

* The credit card offers compared on this page are chosen from a range of credit cards finder.com.au has access to track details from and is not representative of all the products available in the market. Products are displayed in no particular order or ranking. The use of terms 'Best' and 'Top' are not product ratings and are subject to our disclaimer. You should consider seeking independent financial advice and consider your own personal financial circumstances when comparing cards.

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