ANZ Rewards Platinum Credit Card – Details and Application

Information verified correct on April 27th, 2017
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Enjoy a $250 Westfield Gift Card when you meet the spend requirements, earn up to 1.5 Reward Points on every $1 spent up until 5 August 2017 and save with a $0 annual fee for the first year.

The ANZ Rewards Platinum credit card rewards cardholders for their spending while cutting standard credit card costs. You can earn up to 1.5 Reward Points per $1. Please note that after 5 August 2017, you'll earn 1.5 up to $2,000 per statement period. The earn rate will then reduce to 0.5 Reward Points per $1 thereafter. You can redeem your rewards for frequent flyer points with Velocity, Singapore Airline’s Krisflyer, Air New Zealand and Cathay Pacific Asia Miles, cashback or gift cards.

You’ll receive a $250 Westfield Gift Card when you spend $2,500 within the first 60 days of approval. Plus, you can save on annual fee costs with the $0 fee for the first year. Cardholders can also take advantage of complimentary travel insurance and purchase protection.

Product NameANZ Rewards Platinum
Rewards ProgramANZ Rewards Program
Balance Transfer Limit95% of available credit limit
Purchase rate (p.a.)18.79% p.a.
Annual fee$0 p.a. annual fee for the first year ($95 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.)20.99% 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% of the closing balance or $25, whichever is greater
Minimum Income$35,000
Card TypeVisa
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
Complimentary Travel InsuranceYes
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 ($95 p.a. thereafter)
Minimum Repayment2% of the closing balance or $25, whichever is greater
Late Payment Fee$20
Over Limit Fee$20
Cash Advance FeeThe greater of 2% of the cash advance amount or minimum of $4.00
Overseas Cash Advance FeeThe greater of 2% of the cash advance amount or 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
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 $250 Westfield Gift Card if you spend $2,500 within 60 days from card approval.
  • Pay a $0 annual fee for the first year.
  • For a platinum card that offers platinum perks and benefits, the best price guarantee is a fantastic feature for shoppers who love to hunt a bargain.

Cons

  • The additional cardholder fee of $65 is an unnecessary cost considering most other cards offer this for free.
  • There is no interest promotion when you first get this card.
Rewards ProgramANZ Rewards Program
Rewards Points per $ (VISA/MC)1.5
Rewards Points per $ (VISA/MC) CapUncapped
Points Expiry36 months

ANZ Rewards Platinum Credit Card review

With a rewards program, complimentary insurance cover and up to 9 additional cards, the ANZ Rewards Platinum credit card offers a number of premium features. The ongoing purchase rate of 18.79% p.a. is comparable with most other rewards and frequent flyer products, but you can take advantage of up to 55 interest-free days on purchases if you pay your account in full each month. Plus, with access to Apple Pay, Android Pay and ANZ Mobile Pay, you’ll have plenty of ways to tap and go to make convenient purchases with this platinum card.

Benefits of the ANZ Rewards Platinum Credit Card

The ANZ Rewards Platinum Credit Card offers cardholders a number of perks, some of which include:

  • Rewards program. Cardholders can earn 1.5 Reward Points on eligible transactions until 5 August 2017. After this time, you’ll earn 1.5 Reward Points per $1 spent up to $2,000 per statement period and then 0.5 Reward Points per $1 spent above $2,000 per statement period. You won’t earn reward points on transactions including fees, cash, cash equivalent transactions, balance transfers, premiums paid for insurance and gaming or gambling purchases. You can redeem your rewards for frequent flyer points with four airline loyalty programs including Velocity, cashback, gift cards and a variety of products from the ANZ Rewards store. See our ANZ Rewards program guide for more information.
  • $250 Westfield Gift Card. If you spend $2,500 in the first 60 days from approval, you’ll receive a $250 Westfield Gift Card.
  • No annual fee offer. This card comes with a waived annual fee for the first year, which will revert to $95 p.a. thereafter.
  • Complimentary insurance. This card comes with complimentary insurance including travel and medical insurance, purchase security insurance and extended warranty insurance. You’ll need to spend at least $250 on prepaid travel costs with the card to activate the travel insurance cover.
  • Additional cardholders. You can request up to 9 additional cardholders, which can help you maximise the reward points you earn while you manage your family or business expenses. However, there is an additional $65 annual fee and a program services fee of $55 for each cardholder.
  • Mobile payment technology. You can link your account with Apple Pay, Android Pay and ANZ Mobile Pay to make tap and go payments with an eligible smartphone.

Features of the ANZ Rewards Platinum Credit Card

Apply for the ANZ Rewards Platinum Credit Card and get access to the following features and benefits:

  • Interest-free days. You can take advantage of up to 55 days interest-free on purchases when you pay your account balance in full each statement period.
  • Purchase rate. All eligible purchases will collect an interest rate of 18.79% p.a.
  • Foreign currency conversion fee. If you use this card to make purchases overseas or when making foreign transactions online, you’ll incur a currency conversion fee of 3%.
  • Cash advance rate. Cash advances, such as balance transfers and ATM withdrawals, collect an interest rate of 20.99% p.a.
  • Minimum repayment. You’re required to pay at least 2% of your balance each month, but you should pay your balance in full if you want to avoid interest and take advantage of interest-free days.
  • Late payment. If you fail to make the minimum repayment on time, you’ll be charged a $20 fee.
  • Security. Your account is protected with ANZ Falcon, which monitors your account for suspicious transactions. You won't be held liable if a fraudulent transaction is found on your account.

How to apply for the ANZ Rewards Platinum Credit Card

You can apply for the ANZ Rewards Platinum Credit Card by completing the secure online application. Before you do, check you meet the following eligibility criteria.

Eligibility criteria checklist

  • Age. Applicants must be at least 18 years old.
  • Minimum annual income. Earn at least $35,000
  • Residential status. Australian citizens, Australian residents or applicants holding a valid 457 working visa with at least 9 months remaining can all apply for this card. New Zealand citizens can also apply.
  • Credit history. You must have a good credit history.
  • Credit limits. Be looking for a credit limit between $6,000 and $50,000

Required documents and information

  • Personal details. Your Australian drivers licence for identification purposes (don’t worry if you don’t have a licence, you can still apply).
  • Income. You will need to provide information about your income, your expenses, assets and any liabilities. You'll also need to provide two recent pay slips for income verification.

Self-employed?

If you’re self-employed and you want to apply for the ANZ Rewards Platinum Credit Card, you will need to provide your account’s details.

On a Visa?
You don’t have to be a permanent resident to apply for the ANZ Rewards Platinum Credit Card. You can apply for this account if you’re a New Zealand citizen on a special category visa or if you hold business, investor or student visa that is valid for more than nine months.

If you’re looking for a credit card that will reward your purchases, the ANZ Rewards Platinum credit card could be worth comparing. New customers can look forward to the $250 Westfield Gift Card when they spend $2,500 in the first 60 days from card approval, a waived annual fee for the first year and earning reward points on all eligible purchases. However, as this isn’t the only platinum credit card on the market, it’s worth comparing your options to ensure you’re applying for the right card for you.

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125 Responses to ANZ Rewards Platinum Credit Card – Details and Application

  1. Default Gravatar
    Jacki | December 11, 2016

    If we transfer points to a frequent flyer account, are they counted as used within the 36 months or do they still expire?

    • Staff
      Jason | December 12, 2016

      Hi Jacki,

      Thank you for your enquiry.

      The ANZ Rewards Program points are considered redeemed or used once you transfer them to a frequent flyer program or account. The redeemed frequent flyer points or miles will then follow the validity period set by the frequent flyer program.

      Please check out this link for more details about the point requirements and the transfer process of different frequent flyer programs.

      I hope this helps.

      Kind regards,
      Jason

  2. Default Gravatar
    Nicole | October 14, 2016

    Hi
    I first go the ANZ rewards card and after a few months ANZ automatically upgraded me to the platinum card I have had the one for about 4 months now I am just wondering do I got the 50,000 rewards points, I have made ELIGIBLE PURCHASE
    WITHIN THE FIRST 3 MONTHS1

    Cheers

    • Staff
      Harold | October 14, 2016

      Hello Nicole,

      Thanks for your question.

      As stated in the fine prints on the ANZ website, to be able to qualify for the ANZ Rewards Platinum 50,000 bonus points offer you must be a new and approved applicant for the ANZ Rewards Platinum credit card account. The offer is also not available if you currently hold an ANZ Rewards, ANZ Rewards Platinum or ANZ Rewards Black credit card within the previous twelve months.

      If you need further clarification on the offer, please feel free to contact ANZ directly.

      Cheers,
      Harold

  3. Default Gravatar
    Patricia | September 28, 2016

    I have recently obtained my platinum card and have used it extensively. How do I check the number of reward points earned?

    • Staff
      Anndy | September 28, 2016

      Hi Patricia,

      Thanks for your questions.

      You can get your Reward Points balance and Rewards Statement by logging into your ANZ Rewards account on the ANZ website.

      Cheers,
      Anndy

  4. Default Gravatar
    | September 6, 2016

    I am interested in this card. I noted you can transfer points to other frequent flyer partners. I’m a Qantas frequent flyer but did not see this on your oust of airlines points can be transferred to.

    Can you tell me if these points can be transferred to the QF frequent flyer program?

    What is the amount I need to spend to obtain the 50,000 bonus points

    • Staff
      May | September 7, 2016

      Hi DB,

      Thank you for your inquiry.

      Unfortunately, the rewards points you earned for using your ANZ Rewards Platinum Credit Card cannot be transferred to Qantas Frequent Flyer program. You can only transfer your points to the following FF programs: Velocity, Air New Zealand Airpoints, Cathay Pacific Asia Miles or Singapore Airlines Kris Flyer.

      As for the bonus points, you will receive the 50,000 bonus points after your first eligible purchase is made within 3 months of card approval (excluding fees, cash, cash equivalent transactions, balance transfers and premiums for ANZ credit card insurance). ANZ did not specify a certain amount for your first eligible purchase.

      Cheers,
      May

  5. Default Gravatar
    Lynda | July 25, 2016

    I have direct credits in place, can I have the same direct credits from the Platinum Credit card?

    • Staff
      May | July 25, 2016

      Hi Lynda,

      Thanks for your question.

      Just to confirm, do you mean direct debits? If so, most credit cards can be set up as your payment method through direct debit especially for bills or with merchants that you have arranged with regular payments.

      Cheers,
      May

  6. Default Gravatar
    Hannah | April 21, 2016

    If I already hold an ANZ low rate credit card and have applied now for the ANZ Rewards Platinum, will I still be eligible for the welcome bonus points or only for people who have never had a credit card with ANZ?

    • Staff
      May | April 22, 2016

      Hi Hannah,

      Thanks for your question.

      Yes, you are eligible to apply for the ANZ Rewards Platinum card and to receive the 50,000 bonus Reward Points as you are only holding an ANZ Low Rate credit card.

      Cheers,
      May

    • Default Gravatar
      Hannah | August 2, 2016

      Hi, I currently hold an ANZ frequent flyer card which I have had for about 11months. If I apply for the ANZ premium card will I still receive the bonus qantas points?

    • Staff
      May | August 2, 2016

      Hi Hannah,

      Thanks for getting back.

      As stated in the fine prints, you are eligible to apply for the ANZ Rewards Platinum Credit Card and receive the bonus points if you do not currently hold or have closed an ANZ Rewards, ANZ Rewards Platinum or ANZ Rewards Black credit card within the previous twelve months. To be sure you are eligible, I suggest that you verify with ANZ directly.

      Cheers,
      May

  7. Default Gravatar
    Bin | March 9, 2016

    How does this 36 months expire day works?

    • Staff
      Ysa | March 9, 2016

      Hi Bin,

      Thanks for your question.
      The points expiry period applies if your account is not active or if you haven’t earn or redeem any points within 36 months.

      Cheers,
      Ysa

  8. Default Gravatar
    Daniel | February 15, 2016

    Hi I also have a letter same as William and it says my account fee will be $40 from the 14th March. However it says I will only earn 1 reward point for every $ spend on the visa, and I will only earn 2 reward points for every $ spent on the AMEX. I’ve also noticed the points going up and up for rewards. so if I cancel and then re-apply I will get 2.5 points for Visa and 3 points for AMEX as I currently do.
    If not and these changes do come into affect on the 14th Match I guess myself and others will sadly have to leave.

    • Staff
      Debbie | February 16, 2016

      Hi Daniel,

      Thank you for your inquiry.

      As of the moment, we haven’t received any official statement from ANZ regarding reduction from their current rewards points. You may wish to contact directly a customer service representative from ANZ to verify.

      I hope this helps.

      Cheers,
      Debbie

  9. Default Gravatar
    William | February 5, 2016

    I am confused
    I have a letter here that says fee $40 + $55 rewards fee is that correct
    There are no other fees if I join ANZ platinum American Express
    I read on line there are 3 point per $ but my letter says only 2 points

    • Staff
      Jonathan | February 5, 2016

      Hi William, thanks for your inquiry!

      The current offer for this card has a standard annual fee of a $149, which includes a $94 Annual Account Fee and a $55 Rewards Program Service Fee. The annual fee is waived for the first year if you apply before the promotion ends (no current end offer date has been announced). This card earns up to 3 rewards points per $1 spent if you use AMEX and 1.5 per $1 spent on Visa/ MasterCard.

      Cheers,

      Jonathan

  10. Default Gravatar
    peter | February 3, 2016

    Are reward points capped?

    • Staff
      Sally | February 3, 2016

      Hi Peter,

      Thanks for your question.

      The ANZ Rewards aren’t capped, but if your account isn’t active (e.g. you don’t earn or redeem any points) within 36 months, your points will expire.

      I hope this has helped.

      Cheers,

      Sally

Credit Cards Comparison

Rates last updated April 27th, 2017
Purchase rate (p.a.) Balance transfer rate (p.a.) Annual fee
Virgin Australia Velocity Flyer Card - Balance Transfer Offer
Earn 2 Velocity Points on top of the standard earn rate per $1 spent within the first three months. Plus, save with a long-term balance transfer offer and a reduced annual fee in the first year.
20.74% p.a. 0% p.a. for 18 months with 1.5% balance transfer fee $64 p.a. annual fee for the first year ($129 p.a. thereafter) Go to site More info
HSBC Platinum Credit Card
Receive a full annual fee refund and save $149 if you meet the $6,000 spend requirement. Enjoy a balance transfer offer and platinum card benefits such as complimentary insurances and concierge services.
19.99% p.a. 0% p.a. for 15 months $149 p.a. Go to site More info
ANZ Platinum Credit Card - Exclusive Offer
Receive a low introductory offer of 0% p.a. on purchases for 3 months and 0% p.a. on balance transfers for 12 months. Also, enjoy an annual fee waiver in the first year.
0% p.a. for 3 months (reverts to 19.74% p.a.) 0% p.a. for 12 months $0 p.a. annual fee for the first year ($87 p.a. thereafter) Go to site More info
NAB Premium Card
An introductory rate of 0% p.a. for 24 months on balance transfers combined with premium benefits such as travel insurance covers.
19.74% p.a. 0% p.a. for 24 months with 3% balance transfer fee $90 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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