Platinum Credit Cards

Enjoy premium perks including complimentary insurance, more reward points and 24/7 concierge services with a platinum credit card.

Platinum credit cards offer premium benefits, higher spending limits and exclusive perks for cardholders who want to get extra value from paying with plastic. Traditionally aimed at big spenders and high-income earners, you'll usually need to meet stricter eligibility requirements to apply for one of these cards.

If you're looking to earn more rewards per $1 spent on your credit card, take advantage of VIP benefits such as airline lounge access and concierge services, shop with a higher credit limit and enjoy complimentary insurance covers, you can compare your platinum credit card options below.

Qantas Money Credit Card Offer

Qantas Premier Platinum

Earn 70,000 + 30,000
bonus Qantas Points
Discounted annual fee of $149 for the first year

Offer ends 30 May 2019

Eligibility criteria, terms and conditions, fees and charges apply

Qantas Money Credit Card Offer

Receive 70,000 bonus Qantas points when you meet the spend criteria and another 30,000 after the first year. Plus, enjoy a reduced first year annual fee and premium travel perks.

  • $149 p.a. annual fee for the first year ($299 p.a. thereafter).
  • 19.99% p.a. on purchases
  • Cash advance rate of 21.99% p.a.
  • Up to 55 days interest free
  • Minimum income requirement of $35,000 p.a.
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Compare platinum credit cards

Rates last updated May 21st, 2019
Name Product Bonus Points Rewards Program Rewards Points per $ spent Purchase rate (p.a.) Annual fee Product Description
Qantas Premier Platinum
100,000 bonus points
Qantas Frequent Flyer
1
19.99% p.a.
$149 p.a. annual fee for the first year ($299 p.a. thereafter)
Get 70,000 bonus Qantas points when you meet the spend criteria and 30,000 more after the first year (100,000 total). Ends 30 May 2019.
Citi Rewards Platinum Credit Card - Exclusive Bonus Points Offer
100,000 bonus points
Citi Rewards Program
1
20.99% p.a.
$49 p.a. annual fee for the first year ($149 p.a. thereafter)
Enjoy 100,000 bonus Citi reward Points when you spend $3,000 within the first 90 days. Plus, save with a $49 first year annual fee.
28 Degrees Platinum Mastercard
21.99% p.a.
$0 p.a.
Save with 0% foreign transaction fees on purchases. Plus, complimentary flight delay passes, global wifi access and a concierge service.
Virgin Australia Velocity Flyer Card - Annual Fee Offer
20,000 bonus points
Velocity Frequent Flyer
0.66
20.74% p.a.
$50 p.a.
Earn 20,000 bonus Velocity Points and save with an ongoing $50 p.a. annual fee. Plus, receive a $129 Virgin Australia Gift Voucher each year.
Citi Rewards Platinum Credit Card - Exclusive Offer
Citi Rewards Program
1
20.99% p.a.
$49 p.a. annual fee for the first year ($149 p.a. thereafter)
finder Exclusive:
Save with 0% interest on purchases and balance transfers for 13 months (with no BT fee). Plus, a discounted $49 annual fee for the first year.
Westpac Altitude Platinum Card - Qantas
60,000 bonus points
Qantas Frequent Flyer
0.5
20.49% p.a.
$50 p.a. annual fee for the first year ($200 p.a. thereafter)
Earn 60,000 bonus Qantas Points when you spend $3,000 within 90 days of card approval. Plus, a $50 first year annual fee.
Citi Clear Platinum Credit Card
12.99% p.a.
$0 p.a. annual fee for the first year ($99 p.a. thereafter)
Offers a long-term balance transfer and $0 first year annual fee. Plus, insurance covers and Citibank Dining Program perks.
St.George Vertigo Platinum
12.99% p.a.
$0 p.a. annual fee for the first year ($99 p.a. thereafter)
Offers a long-term balance transfer, $0 first year annual fee and access to a 24/7 personal concierge service. Ends 22 May 2019.
NAB Low Rate Platinum Card
13.99% p.a.
$100 p.a.
Enjoy a 0% p.a. interest rate offer on purchases for 15 months and the protection of 7 complimentary insurances including overseas travel insurance.
Bendigo Bank Platinum Rewards Mastercard
100,000 bonus points
Bendigo Rewards
1.5
19.99% p.a.
$89 p.a.
Earn 1.5 Bendigo Rewards points per $1 spent. Receive complimentary insurance covers, plus, 100,000 bonus Bendigo Rewards points.
HSBC Platinum Credit Card
HSBC Rewards Plus
1
19.99% p.a.
$129 p.a.
0% p.a. on purchases and balance transfers with no BT fee. Plus, a yearly annual fee refund when you spend $6,000 and 2 lounge passes per year.
Bendigo Bank Low Rate Platinum Mastercard
11.99% p.a.
$89 p.a.
Offers a low variable purchase interest rate of 11.99% p.a., complimentary insurance covers and up to 55 days interest-free on purchases.
Virgin Australia Velocity Flyer Card - Bonus Points Offer
75,000 bonus points
Velocity Frequent Flyer
0.66
20.74% p.a.
$64 p.a. annual fee for the first year ($129 p.a. thereafter)
Earn up to 75,000 bonus points in the first 3 months and save with a $64 first year annual fee. Plus, a long-term balance transfer offer.
HSBC Platinum Qantas Credit Card
Qantas Frequent Flyer
1
19.99% p.a.
$0 p.a. annual fee for the first year ($79 p.a. thereafter)
Save with a $0 first year annual fee and a long-term balance transfer offer. Plus, complimentary travel insurance.
Suncorp Clear Options Platinum Credit Card - Online Offer
60,000 bonus points
Suncorp Bank Rewards Program
1.25
20.74% p.a.
$49 p.a. annual fee for the first year ($129 p.a. thereafter)
Save with a 0% balance transfer offer and get up to 60,000 bonus points. Plus, a $49 first year annual fee when you apply online.
American Express Westpac Altitude Platinum Bundle - Qantas
75,000 bonus points
Qantas Frequent Flyer
1
0.5
20.49% p.a.
$99 p.a. annual fee for the first year ($249 p.a. thereafter)
Up to 75,000 bonus Qantas Points when you meet the criteria with this dual Mastercard (issued by Westpac) & Amex (issued by Amex).
ANZ Platinum Credit Card
19.74% p.a.
$0 p.a. annual fee for the first year ($87 p.a. thereafter)
Receive a 0% p.a. for 18 month balance transfer offer and a $0 first year annual fee. Plus, complimentary overseas travel and medical insurance.
Citi Rewards Platinum Credit Card - Balance Transfer Offer
Citi Rewards Program
1
20.99% p.a.
$0 p.a. annual fee for the first year ($199 p.a. thereafter)
Earn reward Points per $1 spent, take advantage of a 0% p.a. for 26 month balance transfer offer, plus $0 first year annual fee. Ends 31 May 2019.
American Express Velocity Platinum Card
100,000 bonus points
Velocity Frequent Flyer
1.25
20.74% p.a.
$375 p.a.
Receive up to 100,000 bonus Velocity Points and enjoy complimentary lounge passes, a domestic return flight and insurance covers.
Woolworths Everyday Platinum Credit Card - Finder Only Offer
4,000 bonus points
Woolworths Shopping Card Rewards
1
19.99% p.a.
$0 p.a. annual fee for the first year ($49 p.a. thereafter)
Finder only:
Offers a $50 eGift Card, 4,000 bonus Credit Card points and a $0 first year annual fee. Plus, 10% off your shop once a month.
St.George Amplify Signature - Qantas
80,000 bonus points
Qantas Frequent Flyer
0.75
19.74% p.a.
$179 p.a. annual fee for the first year ($279 p.a. thereafter)
Get 80,000 bonus Qantas Points when you spend $4,000 in 90 days and 2 complimentary Qantas Club lounge invitations per year. Ends 22 May 2019.
St.George Amplify Platinum
100,000 bonus points
Amplify Rewards
1
19.74% p.a.
$99 p.a.
Get up to 100,000 bonus Amplify Points (50,000 each year) when you meet the spend requirement over 2 years. Ends 22 May 2019.
Qantas American Express Ultimate Card
55,000 bonus points
Qantas Frequent Flyer
1.25
20.74% p.a.
$450 p.a.
Get 55,000 bonus Qantas Points. Plus, a $450 Qantas Travel Credit and 2 complimentary Qantas Club lounge invitations per year.
Bank of Melbourne Vertigo Platinum
12.99% p.a.
$0 p.a. annual fee for the first year ($99 p.a. thereafter)
Offers a 26-month balance transfer at 0% p.a., a $0 annual fee for the first year and complimentary travel insurance. Ends 22 May 2019.
BankSA Vertigo Platinum
12.99% p.a.
$0 p.a. annual fee for the first year ($99 p.a. thereafter)
Offers a long-term balance transfer, a $0 first year annual fee and complimentary travel insurance with a low purchase rate. Ends 22 May 2019.
Westpac Low Fee Platinum Card
20.09% p.a.
$0 p.a. annual fee for the first year ($90 p.a. thereafter)
Save with a $0 first year annual fee and a 0% p.a. interest rate for 9 months on purchases with platinum perks.
Bank of Melbourne Amplify Platinum
100,000 bonus points
Amplify Rewards
1
19.74% p.a.
$99 p.a.
Earn up to 100,000 bonus Amplify Points (50,000 per year) when you spend $6,000 each year for the first 2 years. Ends 22 May 2019.
ANZ Rewards Platinum
50,000 bonus points
ANZ Rewards Program
1.5
18.79% p.a.
$95 p.a.
Receive 50,000 bonus Reward Points and $50 back onto your card when you spend $2,000 on eligible purchases in the first 3 months.
NAB Qantas Rewards Premium Card
30,000 bonus points
Qantas Frequent Flyer
0.66
19.99% p.a.
$250 p.a.
Offers 30,000 bonus points when you meet the spend requirements and Qantas Points for your everyday spending. Plus a 24/7 personal concierge.
David Jones American Express Platinum Card - Qantas Frequent Flyer
15,000 bonus points
Qantas Frequent Flyer
0.5
20.74% p.a.
$295 p.a.
Fly faster with up to 2 Qantas Points per $1 spent and receive complimentary travel insurance when travel is booked on your card.
Qantas American Express Premium Card
30,000 bonus points
Qantas Frequent Flyer
1
20.74% p.a.
$249 p.a.
Enjoy 30,000 bonus Qantas Points, 2 complimentary Qantas Club lounge invitations per year and the protection of complimentary insurance covers.
American Express Platinum Edge Credit Card
Membership Rewards Ascent
1
20.74% p.a.
$195 p.a.
Receive a yearly $200 Travel Credit and complimentary domestic and international travel insurance, plus 0% p.a. for 12 months on balance transfers.
NAB Rewards Platinum Card
60,000 bonus points
NAB Rewards
1
19.99% p.a.
$195 p.a.
Collect 60,000 bonus points when you spend $1,000 within 60 days of account opening. Plus, receive complimentary travel and purchase insurances.
Bank of Melbourne Amplify Platinum - Qantas
50,000 bonus points
Qantas Frequent Flyer
0.5
19.74% p.a.
$99 p.a.
Receive 50,000 bonus Qantas Points when you spend $2,000 within 90 days and earn up to 0.5 Qantas Points per $1 spent. Ends 22 May 2019.
BankSA Amplify Platinum - Qantas
50,000 bonus points
Qantas Frequent Flyer
0.5
19.74% p.a.
$99 p.a.
Receive 50,000 bonus Qantas Points when you spend $2,000 within 90 days and earn up to 0.5 Qantas Points per $1 spent. Ends 22 May 2019.
St.George Amplify Platinum - Qantas
50,000 bonus points
Qantas Frequent Flyer
0.5
19.74% p.a.
$99 p.a.
Earn 50,000 bonus Qantas Points when you spend $2,000 within 90 days and earn 0.5 Qantas points per $1 spent. Ends 22 May 2019.

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The Best* Platinum Credit Cards Comparison

Compare the features of the platinum credit cards below:

Credit Card
Feature
Qantas American Express UltimateGet up to 55,000 bonus Qantas points when you meet the spend requirement. You'll also get two complimentary lounge passes and a $450 Qantas travel credit every year.
This HSBC Platinum credit card rewards you with points, airline lounge passes and interest-free days.
A platinum credit card from St.George with a concierge service and complimentary insurance covers.
Enjoy access to a rewards program and the Citibank dining program, which offers a complimentary bottle of wine at participating restaurants.

Why should you choose a platinum credit card?

The features of a platinum credit card can give you extra value if you spend regularly, travel frequently or use your credit card's additional services. Platinum credit card features and benefits are a cut above those offered by standard or gold credit cards and often include:

  • Higher points per $1 for reward programs
  • Higher points caps for reward programs
  • Complimentary travel and purchase insurances
  • Personal concierge service
  • Best price guarantees
  • Complimentary airport lounge access

While some standard and gold credit cards also offer extras such as complimentary insurance, it’s important to note that platinum credit card complimentary insurance usually offers greater coverage with lower excesses and is more likely to cover companions or family members.

There are also several platinum credit cards that offer no foreign transaction fee, such as the Bankwest Zero Platinum Mastercard. If you use your card for purchases overseas or regularly shop with foreign online merchants, a platinum card with 0% currency conversion fees could help cut costs.

How to compare platinum credit cards

Almost every credit card issuer offers a platinum product, which makes comparing credit cards to ensure they suit your lifestyle even more important. A good place to start is by looking at the features that are similar across all credit cards (such as purchase interest rates), and the features that are different (including promotional interest rates or specific complimentary extras). Apart from the standard rates and fees, some of the factors you might want to consider in your comparison include:

Extra features

  • Rewards points. Some credit cards come with reward or frequent flyer programs, allowing you to earn reward points for every dollar you spend on eligible purchases. Some platinum cards offer up to 2 reward points per $1 spent, which you can then redeem for cashback, gift cards or products from the online store. If you opt for a frequent flyer credit card, your points will automatically go to your Qantas or Velocity account, which you can then redeem for flight rewards. Some platinum credit cards also offer bonus points, which could be a good way to boost your balance. Some cards may come with capped points or expiration terms and conditions, so make sure you’re aware of these to get the most out of your points.
  • Complimentary insurance. Most platinum credit cards offer complimentary travel insurance that will cover medical and hospital expenses, loss or damage to personal property, cancellation of travel arrangements and inconvenience cover while you’re overseas. This cover usually extends to partners and family members travelling with you, but you might need to make a purchase on the card (such as $500 of your prepaid travel costs) to activate the insurance. Some platinum cards also include additional insurances such as purchase protection and extended warranty. Find out more about credit cards with included insurance.
  • Concierge services. Some platinum cards offer a 24/7 concierge service that can help you with anything from travel bookings and restaurant reservations to sending a gift or securing concert tickets.
  • Airline lounge passes. Some platinum credit cards offer the added luxury of airport lounge access when you travel. Depending on the lounge, these usually offer complimentary food and beverages, free Wi-Fi and shower facilities, letting you wait for your flight in style. You can compare credit cards with airline lounge passes for more options.
  • Entertainment experiences. Depending on the card network you’re with, you could take advantage of presale concert tickets, exclusive competitions, discount ticket prices and more with Visa Entertainment, American Express Invites and Mastercard Priceless Cities.

With all of these factors in mind, make sure that you consider whether the features suit your lifestyle, if the credit limit suits your finances and how much you spend (and repay) each month to determine whether you'll get full value from the card.

How to apply for a platinum credit card

If you see a platinum credit card that you like on finder, you can apply online by clicking the 'Go to site' button, but you'll need to make sure you meet the following eligibility requirements and necessary documents.

Eligibility requirements

  • Age. Applicants must be at least 18 years of age.
  • Credit history. Platinum credit cards are designed for people with good or excellent credit history.
  • Annual income. You must have a regular source of income. Platinum credit cards also have higher minimum income requirements, starting from $30,000 p.a. but usually closer to $50,000 p.a. or more.
  • Employment. Full-time employment is preferred. If you are self-employed, retired or on a pension and can provide proof of regular income, then you may also be eligible to apply.

Necessary documents

  • Proof of identity. You'll need to provide a copy of your passport, Medicare card and/or your driver's licence to prove your identity.
  • Employment information. You'll need to provide proof of your employment with two recent payslips, your most recent tax statement or a letter from your employer. You'll also be asked to provide the details of your employer or, if you're self-employed, your accountant.

From higher credit limits and more reward points to complimentary insurance, concierge services and travel perks, platinum credit cards have both premium features and status that lift them up above other options. So if you want your credit card to do more for you than just the basics, check out the wide range of platinum credit cards and use your knowledge of them to find an option that is right for you.

Frequently asked questions about platinum credit cards

Here are some of the most frequently asked questions about platinum credit cards from our users. If you still have a question please leave a comment in the box below.

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Credit Cards Comparison

Rates last updated May 21st, 2019
Name Product Purchase rate (p.a.) Balance transfer rate Annual fee Product Description
Citi Clear Platinum Credit Card
12.99% p.a.
0% p.a. for 14 months
$0 p.a. annual fee for the first year ($99 p.a. thereafter)
Offers a long-term balance transfer and $0 first year annual fee. Plus, insurance covers and Citibank Dining Program perks.
ME frank Credit Card
11.99% p.a.
$0 p.a.
Save money with an ongoing $0 annual fee, the same low 11.99% p.a. interest rate on purchases and cash advances, and up to 55 days interest free.
Virgin Australia Velocity Flyer Card - Annual Fee Offer
20.74% p.a.
0% p.a. for 18 months
$50 p.a.
Earn 20,000 bonus Velocity Points and save with an ongoing $50 p.a. annual fee. Plus, receive a $129 Virgin Australia Gift Voucher each year.
Latitude Low Rate Mastercard
11.99% p.a.
$69 p.a.
Offers a competitively low interest rate and annual fee, plus up to 55 interest-free days on purchases.

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* 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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