ANZ Low Rate Platinum

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The ANZ Low Rate Platinum credit card combines a $250 back offer with platinum card benefits including a 24/7 personal concierge.

Get approval from ANZ for the Low Rate Platinum card and take advantage of a $250 account credit when you spend at least $500 on eligible purchases within the first 60 days of card approval.

This card also offers platinum benefits including complimentary insurances such as overseas travel, emergency medical and dental insurances.

Product NameANZ Low Rate Platinum
Purchase rate (p.a.)11.49% p.a.
Annual fee$99 p.a.
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.)21.74% 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
Minimum Monthly Repayment2%
Minimum Income$35,000
Card TypeMastercard
Late Payment Fee$20
Foreign Currency Conversion Fee (MC)
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
Available To Temporary ResidentsYes - Conditions apply
Minimum Income$35,000
Minimum Age18 years of age
Available to Temporary ResidentsYes - Conditions apply
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
Annual Fee$99 p.a.
Minimum Repayment2%
Late Payment Fee$20
Over Limit Fee$20
Cash Advance FeeThe greater of 2% of cash advance amount or a minimum of $4.00
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 (MC)
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$0 p.a.
Number of Additional Cardholders9
BPAYYes
ChequeYes
Direct DebitYes
Australia PostNo
Phone BankingYes
Internet Banking TransfersYes
In BranchYes
MailNo

Pros

  • Receive $250 back to your new ANZ Low Rate Platinum Credit Card when you spend at least $500 eligible purchases in the first 60 days from approval.
  • Enjoy an interest-free period on your purchases of up to 55 days if you settle the outstanding balance every month.

Cons

  • There are no introductory offers on purchases and balance transfers.

ANZ Low Rate Platinum review

With the ANZ Low Rate Platinum card, you get all the benefits of having a platinum card, without the higher rates and fees that typically go with it. There is a $99 annual fee and an ongoing interest rate of 11.49% p.a. on purchases. Plus you have the buying advantage that comes with Mastercard, one of the most widely accepted credit cards in the world.

Benefits of the ANZ Low Rate Platinum

Compare the benefits of a variety of platinum cards to make sure you choose the right one for your circumstances. When it comes to the ANZ Low Rate Platinum, these benefits should stand out:

  • $250 back offer. New customers who apply and get approved for a Low Rate Platinum Credit Card can receive a $250 credit back to their account. To take advantage of this offer, you’ll also need to spend at least $500 on eligible purchases within the first 60 days from card approval.
  • Low interest rate. The 11.49% p.a. interest rate applied to purchases is competitive within the "low-rate" market. You are given up to 55 days after making the purchase before interest is applied. These interest-free days are only valid if you do not carry any balance on the card, including those from a balance transfer.
  • Complimentary travel insurance. Travellers can take comfort in knowing they are covered for emergency medical and dental care while traveling overseas, and travel cancellations or lost luggage while travelling inside of Australia. You will also be protected from excessive rental car fees if you hire a vehicle from a major car rental company in Australia.
  • Platinum Mastercard privileges. You'll have access to exclusive discounts on luxury spa retreats, car rentals, hotels and VIP access to just name a few.
  • Included insurances. This card includes purchase protection, extended warranty coverage and a 21-day best price guarantee. This means if you find an item purchased with the ANZ card somewhere else for cheaper within 21 days, the difference in price will be refunded to you. Any purchase made with your ANZ platinum card is protected for 90 days from theft, loss, or breakage.
  • 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.
  • Other platinum perks. As a Platinum cardholder, you have access to a personal concierge. This concierge is available to assist you at any time of the day or night, no matter where in the world you are, and will assist in organising and booking tickets, tours, transport and a range of other services.

Features of the ANZ Low Rate Platinum

In addition to looking at the benefits of different credit cards, you should also be comparing common features.

  • Annual fee. You are charged $99 p.a. for the Platinum Mastercard from ANZ. This charge will typically appear on your first statement, and then yearly for as long as you have the account open.
  • PayPass. This feature allows you to pay at checkout for purchases under $100 simply by tapping your card against the terminal.
  • Additional cardholders. Add up to 9 additional cardholders to the account for a fee of $0 each.

How to apply for the ANZ Low Rate Platinum

ANZ makes it easy to get your ANZ Platinum Card in time to qualify for $250 back offer by letting you fill out the application online. This should take about ten minutes to complete, and once submitted ANZ will contact you to confirm its status.

Eligibility criteria

Before you apply for this card, ensure you meet the following requirements.

  • Be at least 18 years of age
  • Earn a minimum of $35,000 a year before taxes
  • Have a good credit history
  • Be a permanent resident of Australia, or have a working, business, investor, student or special category visa (New Zealand citizens) with at least nine months remaining from the date of application.

Required documents

ANZ will also need some identifying documents and details of your finances. Ensure you can provide them with the following.

  • Identifying document such as your driver’s licence or passport
  • Employer details or accountant details if you are self-employed
  • A list of your income and assets
  • Your liabilities and any debt related payments you make regularly

There is a lot to consider when looking at the ANZ Low Rate Platinum credit card. Not only are you getting the advantages of a platinum Mastercard, you are able to enjoy those with rates and fees that are lower than what you would expect. Plus, a $250 credit back to your account when you meet the spend requirement.

Frequently asked questions

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44 Responses

  1. Default Gravatar
    martinMay 29, 2017

    does anz low rate platinum card provide qantas points?
    thanks, m

    • Default Gravatar
      JonathanMay 30, 2017

      Hi Martin!

      ANZ Low Rate Platinum is not part of Qantas Flyer Points Rewards Program.

      You may visit this link to get your options. Click “”Go to Site””for your chosen brand to finish your application and/or get more details.

      Regards,
      Jonathan

  2. Default Gravatar
    bertieFebruary 4, 2017

    Credit card balance transfer – I am a new customer and was made to believe if I transfer from my other Credit Card I would get 16 months int free
    Can u please confirm this is correct

    • Staff
      MayFebruary 5, 2017Staff

      Hi Bertie,

      Thank you for your inquiry.

      The ANZ Low Rate Platinum Credit Card actually offers 0% p.a. interest on balance transfer for 6 months only, not 16 months. After 6 months, the interest rate will revert to 13.49% p.a.

      Cheers,
      May

  3. Default Gravatar
    DanielDecember 24, 2016

    Who is the travel insurance company for the complimentary travel insurance on ANZ Low Rate Platinum Credit Card?

    • Staff
      JasonDecember 24, 2016Staff

      Hi Daniel,

      Thank you for your enquiry.

      The ANZ complimentary travel insurance is issued by QBE Insurance (Australia) Limited.

      Please click this link for more information about the ANZ credit card complimentary travel insurance.

      I hope this helps.

      Kind regards,
      Jason

  4. Default Gravatar
    venkatFebruary 2, 2016

    If I would like to pay off my gas & electricity bills (say $1500), car loan repayment of $300 & some shop purchases (say $2000) = $3800 in a month(rather within the statement period) using this card and transfer this amount within intro period say 40 days from my debit card, can I get interest free facility? or I need to pay cash loan interest for the bills- Can you please clarify?

    • Staff
      JonathanFebruary 3, 2016Staff

      Hi Venkat, thanks for your inquiry!

      To clarify your situation, balance transfers/ transferring an amount from a debit card to a credit card is not eligible. If the debt amounts that you have mentioned belong to a credit card then you can request for them to be transferred to the ANZ Low Rate Platinum credit card.
      Transferring your car loan repayment (qualifies as a personal loan) will require that you balance transfer to a Citi or Virgin credit card as they are the only banks that allow this type of balance transfer, you can compare their balance transfer credit cards here.

      I hope this helps.

      Cheers,

      Jonathan

  5. Default Gravatar
    SandieNovember 9, 2015

    Hi,
    Can this card be in joint names or is it a single applicant with an extra card (for my spouse)?
    Thanks
    Sandie

    • Staff
      JonathanNovember 9, 2015Staff

      Hi Sandie, thanks for your inquiry!

      Unfortunately ANZ does not allow joint-accounts. You can compare banks/ providers who allow joint-account credit cards here.

      Cheers,

      Jonathan

  6. Default Gravatar
    SandieNovember 9, 2015

    Hello,
    I intend to use the credit card for bills/everyday expenses. Can you please tell me whether bills are considered purchases or as cash advances. I would also like to know whether direct debit payments from the credit card account to regular billers (fortnightly or monthly payments of the same amount each time) are deemed purchases or cash advance.

    Thanks very much,
    Sandie

    • Staff
      JonathanNovember 9, 2015Staff

      Hi Sandie, thanks for your inquiry!

      Purchases are when a good or service is exchanged, bills can be considered purchases when using BPAY. Unfortunately we are unable to be absolute on this detail, as this depends on the merchant/ companies agreement with the bank. As per ANZ’s terms and conditions “This is dependent upon how the biller is set up with the BPAY® billing service. The biller has the option of accepting a credit card as a method of payment. If the biller chooses to accept, the bill payment is processed as a purchase.”

      I hope this has helped. For further clarification it is key to contact your biller directly.

      Cheers,

      Jonathan

  7. Default Gravatar
    JamesSeptember 21, 2015

    Hi

    I have three Credit Cards that I would like to do a balance transfer on, however, the application will only allow two. Is there a limit on how many credit cards this particular card/offer will allow/

    Thanks
    james

    • Staff
      JonathanSeptember 23, 2015Staff

      Hi James, thanks for your inquiry!

      You can balance transfer as many cards providing that the total balance transfer amount falls within 95% of the available credit limit. To request more than 2 credit cards you will have to contact ANZ’s Balance transfer team on 1800 007 511.

      Cheers,

      Jonathan

  8. Default Gravatar
    LisaApril 9, 2015

    Can I transfer my husband’s credit card balance to this one if I will be the primary card holder for the new card?

    • Staff
      JonathanApril 9, 2015Staff

      Hi Lisa, thanks for your inquiry!

      ANZ allows the transfer between two people’s names. As long as your balance transfer amount is within 95% of the approved credit limit and you meet the application criteria you will be able to apply for this card/ promotion.

      Cheers,

      Jonathan

  9. Default Gravatar
    AbuFebruary 17, 2015

    Hi,

    I already have a anz visa platinum credit card and i did BT last year in august. I have now fully paid by credit card. Can i switch my card to low rate anz platinum master card and get another BT from another bank credit card?

    Please advise

    • Staff
      JonathanFebruary 18, 2015Staff

      Hi Abu, thanks for your inquiry!

      Unfortunately this offer is only available to new ANZ Low Rate cardholders, so as an existing cardholder you’ll be unable to apply.

      I hope this has helped.

      Thanks,

      Jonathan

  10. Default Gravatar
    SimiNovember 19, 2014

    Hi ,

    I already made a balance transfer this year in July with ANZ – low rate card, can I apply for another balance transfer – ANZ low card rate? or are there chances of getting this application rejected because of the 1 existing balance transfer approved in last 3 months.

    Please advise ASAP.

    Thanks,
    Seema

    • Staff
      ElizabethNovember 19, 2014Staff

      Hi Simi,

      Thanks for your question.

      Unfortunately this offer is only available to new ANZ Low Rate cardholders, so as an existing cardholder you’ll be unable to apply.

      I hope this has helped.

      Thanks,

      Elizabeth

Credit Cards Comparison

Rates last updated December 11th, 2017
Name Product Purchase rate (p.a.) Balance transfer rate (p.a.) Annual fee Product Description
NAB Premium Card - Exclusive Offer
19.74% p.a.
0% p.a. for 25 months
$90 p.a.
Exclusive to finder.com.au, enjoy a no BT fee, 0% balance transfer offer for 25 months and seven complimentary insurance covers.
St.George Vertigo Platinum - Online Offer
12.74% p.a.
0% p.a. for 24 months
$0 p.a. annual fee for the first year ($99 p.a. thereafter)
Offers complimentary travel insurance, complimentary purchase insurance and access to a 24/7 personal concierge service.
Woolworths Everyday Platinum Credit Card
19.99% p.a.
0% p.a. for 14 months
$0 p.a. annual fee for the first year ($49 p.a. thereafter)
Receive a $50 eGift Card when you meet the offer criteria, a 0% p.a. for 14 month balance transfer offer and a $0 first year annual fee.
Virgin Australia Velocity Flyer Card - Bonus Points Offer
20.74% p.a.
0% p.a. for 18 months
$64 p.a. annual fee for the first year ($129 p.a. thereafter)
Earn up to 60,000 bonus Velocity Points in the first 3 months on eligible spend and enjoy a discounted annual fee of $64 for the first year.

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