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Terms and conditions apply

Balance transfer rate with no balance transfer fee: 21.99% p.a.
Purchase rate: 20.99% p.a.
Annual fee for the first year ($87 p.a. thereafter): $0 p.a.
Interest-free on purchases: Up to 55 days

Our verdict

Offers $450 back to your new card and no annual fee for the first year, with an $87 annual fee after that.

The ANZ Platinum Credit Card comes with complimentary insurances – including international travel insurance, purchase insurance and extended warranty insurance – and an $87 annual fee that's waived in the first year. You can also get the annual fee waived in future years if you spend over $20,000 in each year. Plus, you can earn $450 credit back to your new card when you spend $4,500 on eligible purchases in the first 4 months from card approval.

While both the insurance and annual fee are competitive with other platinum credit cards, the lack of a rewards program should be factored into your comparison of platinum-tier products.

Pros

$450 credit back on your new card
$0 annual fee in the first year ($87 p.a. thereafter). The annual fee is waived if you spend more than $20,000 on the card each year.
Complimentary insurance covers, including international travel insurance, purchase protection insurance and extended warranty insurance

Cons

Does not offer a rewards program
Charges a 3.5% foreign transaction fee

Details

Product details

Product Name	ANZ Platinum Credit Card
Balance transfer rate p.a.	21.99%
Balance transfer limit	95% of available limit
Purchase rate p.a.	Purchase rate p.a.20.99%
Interest-free days	Up to 55 days on purchases
Cash advance rate p.a.	21.99%
Min credit limit	$6,000
Card type	Visa

Eligibility

Available to temporary residents	Yes - Conditions apply
Joint application	No

Rewards

Bonus points

N/A

Fees

Annual fee	$0 first year ($87 after)
Minimum monthly repayment	2% of the closing balance or $25, whichever is greater
Late payment fee	$20
Foreign currency conversion fee	3.5%
Cash advance fee	3% of transaction value or $3, whichever is greater
Overseas cash advance fee	3% of the transaction amount or $4 (whichever is greater)
Overseas ATM withdrawal fee	$5
Additional cardholder fee	$0
Number of additional cardholders	9

How to apply

You can apply for the ANZ Platinum Credit Card online in a few minutes and receive a response within 60 seconds. Before you apply, make sure you meet the eligibility criteria and have the necessary information to complete the application.

Eligibility criteria

Residency requirement. Citizens and permanent residents of Australia are eligible to apply. If you are a non-Australian permanent resident, you must have at least 12 months remaining on a valid working, business or investor visa.
New cardholder. The $450 credit back offer and the first-year annual fee waiver are only available to new ANZ Platinum credit card customers.

Eligible balance transfer debt. ANZ allows you to transfer from $100 up to 95% of your credit limit from non-ANZ credit and store card accounts.
Credit history. You'll need to have a good credit score to receive approval. You can get your credit score and comprehensive credit report for free through Finder.
Age. You must be at least 18 years old to apply.

Required documents

Personal details. Including your full name, date of birth, address and contact details.
Proof of identification. Such as your Australian driver's licence number.
Income and finances. You'll need to verify your income with 2 recent payslips and provide details of your expenses, assets and liabilities.
Employment. List your current employment as well as your employer's contact details. If you're self-employed, you'll need to include your accountant's phone number.
Balance transfer. Detail the amount you're transferring and provide the account number that you're moving the debt from.

Go to ANZ's site More info

Card benefits

Up to $450 credit back. You'll get $450 credit back to your new card when you apply for a new ANZ Platinum Credit Card and spend $4,500 on eligible purchases in the first 4 months from card approval.
$0 annual fee in the first year. The ANZ Platinum offers a waived annual fee in the first year for new cardholders. After the first year, a $87 annual fee applies. This is waived if your annual spending on the ANZ Platinum Credit Card is over $20,000. The annual spend is calculated 12 months following your account's "fee date".

Complimentary insurance covers. The ANZ Platinum credit card offers a range of complimentary insurances for travel and shopping, including international travel insurance, domestic travel insurance, rental vehicle excess in Australia insurance, purchase protection insurance and extended warranty insurance. The eligibility criteria include making eligible spend with your ANZ Platinum credit card.
Mobile wallets. Whether you use an Android, Samsung, or Apple device, you can use Google Pay, Samsung Pay or Apple Pay to make contactless payments with your eligible smartphone at the checkout. You can also link your ANZ card and make contactless payments with Garmin Pay.
Fraud protection. ANZ credit cards are protected by ANZ Falcon anti-fraud monitoring system. If you are a victim of a fraudulent transaction, you'll be protected by ANZ's Fraud Money Back Guarantee.

Rates & fees

Purchase interest rate. A 20.99% p.a. interest rate will apply to your purchases if you don't pay off your balance during the interest-free period.
Interest-free days. When you pay the closing balance in full by the statement due date, you can save with up to 55 interest-free days on purchases. Note that if you have promotional balances from relevant balance transfer plans, you will need to pay the full Adjusted Closing Balance listed on your statement to be eligible for interest-free days. This is calculated as your closing balance less the sum of any relevant promotional plans.

Additional cardholders. You can add up to 9 additional cardholders for $0.
Cash advances. If you use your card to make a cash advance (such as an ATM withdrawal), you'll be charged a 21.99% p.a. interest rate. You'll also be charged 3% of the transaction amount or $3 (whichever is greater) in Australia or 3% of the transaction amount or $4 (whichever is greater) for overseas transactions.

Go to ANZ's site More info

Sources

Finder writers are subject matter experts and use primary sources, in-depth research and interviews with other experts to ensure you're getting accurate, up-to-date information. Articles are fact checked in line with our editorial guidelines.
1. ANZ Platinum Credit Card information PDF
2. ANZ Platinum Credit Card TMD

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Amy is an experienced journalist with over 16 years of experience, contributing to major publications like Money Magazine, The Sydney Morning Herald, and ABC News Australia. Specialising in personal finance, she frequently appeared in media outlets and on radio. Amy holds a Bachelor of Arts in Journalism and Drama from Griffith University and earned RG146 certifications in Tier 1 Generic Knowledge and Tier 2 General Advice Deposit Products, ensuring her expertise is grounded in current financial regulations. Amy was Finder's Senior Writer for Credit Cards from 2016 to 2024. See full profile

ANZ Platinum Credit Card

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Rates & fees

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