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Platinum Credit Cards

The best platinum credit cards can give you big bonus points and 0% interest rate offers, complimentary insurance and other valuable perks.

1 - 10 of 75
Name Bonus points Points per $ spent Purchase rate p.a. Annual fee
Qantas Premier Platinum
Qantas Premier Platinum image
Qantas Frequent Flyer
Bonus points
100,000
Points per $ spent
1
Purchase rate p.a.
19.99%
Annual fee
$349 first year ($399 after)
Go to siteMore Info
Earn up to 100,000 bonus Qantas Points. Plus, save with a reduced first-year annual fee and 0% p.a. for 12 months on balance transfers, with a 2% BT fee.
Qantas American Express Ultimate Card
Qantas American Express Ultimate Card image
Qantas Frequent Flyer
Bonus points
90,000
Points per $ spent
1.25
Purchase rate p.a.
23.99%
Annual fee
$450
Go to siteMore Info
Get a yearly $450 Travel Credit and up to 90,000 bonus Qantas Points (70,000 when you spend $3,000 in the first 3 months and 20,000 points in year 2).
American Express Velocity Business Card
American Express Velocity Business Card image
Velocity Frequent Flyer
Bonus points
100,000
Points per $ spent
1
Purchase rate p.a.
0%
Annual fee
$249
Go to siteMore Info
ABN holders w/ $75,000 revenue. Get 100,000 bonus Velocity Points when you spend $3,000 in the first 2 months.
ANZ Rewards Platinum - Velocity Points
ANZ Rewards Platinum - Velocity Points image
Velocity Frequent Flyer
Bonus points
100,000
Points per $ spent
1.5
Purchase rate p.a.
20.99%
Annual fee
$149
Go to siteMore Info
Get up to 100,000 bonus Velocity Points: 70k points when you spend $2,000 in the first 3 months and 30k points after 15 months.
American Express Qantas Business Rewards Card
American Express Qantas Business Rewards Card image
Qantas Business Rewards
Bonus points
170,000
Points per $ spent
1.25
Purchase rate p.a.
0%
Annual fee
$450
Go to siteMore Info
(ABN holders w/ $75k revenue). Earn 170,000 bonus Qantas Points when you spend $6,000 in the first 3 months. Ends 25 June 2024.
ANZ Platinum Credit Card
ANZ Platinum Credit Card image
Bonus points
N/A
Points per $ spent
N/A
Purchase rate p.a.
20.99%
Annual fee
$0 first year ($87 after)
Go to siteMore Info
Get $300 back on your card when you spend $1,500 on eligible purchases in the first 3 months and a $0 first-year annual fee. Plus, complimentary overseas travel insurance.
Qantas Premier Titanium
Qantas Premier Titanium image
Qantas Frequent Flyer
Bonus points
150,000
Points per $ spent
1.25
Purchase rate p.a.
19.99%
Annual fee
$1,200
Go to siteMore Info
$200k minimum income requirement. Get 150k bonus Qantas Points and $400 Qantas Luxury Holidays voucher when you spend $5k in the first 3 months. Plus 20% bonus Status Credits on eligible flights.
ANZ Rewards Platinum
ANZ Rewards Platinum image
ANZ Rewards Program
Bonus points
100,000
Points per $ spent
1.5
Purchase rate p.a.
20.99%
Annual fee
$149
Go to siteMore Info
Get 100,000 bonus ANZ Reward Points (worth $440 in eGift cards) and $50 back when you spend $2,000 on eligible purchases in the first 3 months.
Bankwest Breeze Platinum Mastercard
Bankwest Breeze Platinum Mastercard image
Bonus points
N/A
Points per $ spent
N/A
Purchase rate p.a.
0% for 12 months, then 12.99%
Annual fee
$69
Go to siteMore Info
Get 0% p.a. interest on purchases and balance transfers for 12 months (with a 2% BT fee). Plus 0% foreign fees and complimentary overseas travel insurance.
American Express Platinum Business Card
American Express Platinum Business Card image
Finder Award
Membership Rewards Ascent Premium
Bonus points
350,000
Points per $ spent
2.25
Purchase rate p.a.
0%
Annual fee
$1,750
Go to siteMore Info
ABN holders w/ $75,000 revenue. Get 350,000 bonus Membership Rewards Points when you spend $12,000 on eligible purchases in the first 3 months. Ends 25 June 2024.
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What is a platinum credit card?

A platinum credit card is a step up from standard and gold cards, and typically offers you more premium perks including rewards, complimentary insurance, concierge services and higher credit limits.

Platinum cards also tend to have higher minimum income requirements and annual fees compared to less premium cards. This makes them suited to people who can use the rewards or perks to justify the annual fee, and who typically pay their balance off each month to avoid interest charges.

Pros and cons of a platinum credit card

Pros

  • More rewards. Platinum credit cards typically give you more points per $1 spent, higher points caps and bigger bonus points offers than standard or gold cards.
  • Higher credit limits. Minimum credit limits on platinum cards typically start around $3,000 and maximum limits can be around $75,000. But not all cards list minimum and maximum limits.
  • Complimentary insurance. A lot of platinum credit cards offer complimentary travel insurance for overseas or interstate trips, as well as different types of insurance for purchases.
  • Other perks. Airport lounge access, flight or travel credit and concierge services are some of the other benefits you can get with a platinum credit card.

Cons

  • Higher annual fees. Platinum credit card annual fees typically range from around $49 to $1,750, although some cards do offer reduced and $0 annual fees in the first year or ongoing.
  • Interest rates. Platinum cards that offer rewards and other premium perks typically have higher interest rates than no frills cards. Platinum cards with lower rates typically offer fewer perks or rewards.
  • Stricter eligibility requirements. You'll need a good to excellent credit score to get approved for a platinum credit card. Income requirements are also typically higher than for gold or standard cards.

Who is eligible for a platinum credit card?

Platinum cards used to be very exclusive but with so many credit cards on the market now, the eligibility criteria varies. Key details to look at include:

  • Minimum income. Platinum card income requirements in Australia start from around $35,000 and can go up to $100,000 for more exclusive cards. Even if a card doesn't list a minimum income requirement, it will be considered as part of the application.
  • Employment. You typically need to have regular income and ongoing employment to get a platinum card.
  • Credit history. Platinum cards typically require a higher credit score than more basic credit cards. Ideally, you shouldn't have any late payments, defaults or other black marks on your credit report.
  • Other requirements. To get any credit card, you'll need to be at least 18 years of age. Each credit card also has details of Australian residency requirements, which can affect your eligibility if you're a temporary resident or hold a visa.

How can I choose the best platinum credit card?

With so many different credit cards available, there is not a single "best" platinum card on the market. But asking these 4 questions can help you find one you want.

airplane Do you travel frequently?

If you want to use your credit card for travel bookings and rewards, a platinum card that offers frequent flyer points and perks like airline lounge passes, travel credits and complimentary international travel insurance gives you a way to get more value from the account.

Tip: When you're comparing cards, weigh the annual fee against the value you'll get from points and perks to help you find a platinum card that's worth it for you.

blue cart Do you want to buy big-ticket items with your credit card?

Finder research shows 21% of Australians got their most recent credit card to make big purchases. When that's the case, a platinum card could offer you a higher credit limit than a regular card, as well as complimentary purchase protection insurance, extended warranty cover, best price guarantees or even smartphone cover to give you extra peace of mind.

credit cards Do you have existing credit card debts?

If you're already paying interest on a credit card balance, a platinum credit card with a balance transfer offer gives you a way to transfer it and get a low or 0% interest rate for a promotional period.

Just keep in mind that you'll usually get more value if you focus on repaying the balance before using any other platinum perks. But if you want to switch to a platinum card anyway, one with a balance transfer could give you a way to save as you pay off what you owe – then make the most of the ongoing perks.

business owner Are you a business owner?

A platinum business credit card gives you a way to manage cash flow with higher credit limit options, earn more rewards points and get access to complimentary business insurance policies

These cards also offer expenses-tracking tools and additional cards for employees, just like other business and corporate credit cards.

Keep in mind: If you want the perks of a platinum credit card, make sure you also consider the costs of the card and any specific conditions you need to meet to enjoy these benefits. It's also important to compare a range of platinum credit cards before you apply so that you can find the one that works for you.

Finder Awards winner and finalists for 2024

Still looking for a platinum credit card? Check out these ones recognised in the Finder Credit Card Awards 2024, based on 12 months of data for every personal and business credit card in Finder's database.

Frequently asked questions

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  • High Credit Limit Credit Cards

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  • What is the most exclusive credit card?

    Discover the luxurious perks, extensive benefits, and often high fees that can come with prestigious credit cards.

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