The ANZ Rewards Platinum has a $149 annual fee, which is competitive for a rewards card and earns up to 1.5 ANZ Reward Points per $1 on eligible purchases, which you can redeem for gift cards, frequent flyer point transfers and other rewards. It also offers complimentary international and domestic travel insurance, as well as other types of cover.
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ANZ Rewards Platinum Credit Card – Velocity Points Offer
Terms and conditions apply
- Balance transfer rate with no balance transfer fee
- 21.99% p.a.
- Bonus points
- 100,000
- Purchase rate
- 20.99% p.a.
- Reward points per $ spent
- 1.5
Our verdict
Offers up to 100,000 bonus Velocity Points and complimentary insurance cover, with a $149 annual fee.
The ANZ Rewards Platinum is suited to people who want to earn Velocity Points on eligible spending. Right now, you can get 70,000 bonus Velocity Points when you apply by 15 November 2024 and spend at least $2,000 on eligible purchases within the first 3 months from card approval. And you can get another 30,000 Velocity Points when you keep your card open for over 15 months. To get all these bonus points, you'll need to turn on and keep on auto-redemption in your ANZ Rewards account within 3 months from approval so that you can convert your ANZ Rewards Points to Velocity Points.
You can also redeem points for cashback on your account, retail items or transfer them to Singapore Airlines KrisFlyer, Cathay Pacific Asia Miles and Air New Zealand Airpoints.
Other features include complimentary insurance options for travel and purchases, as well as a 24/7 concierge. It also has an interest rate of 20.99% p.a. for purchases, so you’ll get more value from it if you pay off your balance each month to avoid interest charges.
Pros
-
Up to 100,000 bonus Velocity Points
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Up to 1.5 ANZ Reward Points per $1 spent
-
Complimentary insurance covers, including international travel insurance, purchase protection insurance and extended warranty insurance
Cons
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Low $2,000 threshold before the points per $1 rate is reduced (for that statement period)
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Relatively high 20.99% p.a. interest rate for purchases
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Relatively high $65 annual fee for each additional cardholder
Details
Product details
| Product Name | ANZ Rewards Platinum - Velocity Points |
| Balance transfer rate p.a. | 21.99% |
| Balance transfer limit | 95% of available limit |
| Purchase rate p.a. | 20.99% |
| Interest-free period | 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
| Rewards program | Velocity Frequent Flyer |
| Bonus points | 100,000 |
| Rewards points per $ spent | 1.5 |
Fees
| Annual fee | $149 |
| Minimum monthly repayment | 2% of the closing balance or $25, whichever is greater |
| Late payment fee | $20 |
| Foreign currency conversion fee | 3% |
| Cash advance fee | 3% 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 | $65 |
| Number of additional cardholders | 9 |
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Richard Finder
Editor
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Sarah Megginson Finder
June 28, 2024
Hi Winston,
The minimum credit limit for this card is $15,000 and generally, the minimum income requirement is around $75,000, though your eligibility depends on your expenses, debts and credit rating.
Hope this helps!
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winston
June 12, 2024
what level of income is required for anz platinum reward card