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Platinum reward credit cards

  • Platinum rewards cards are your ticket to top travel and first class rewards perks. From faster rewards earning rates, greater choice of rewards, complimentary travel insurance and personalised concierge services there is a lot to love about platinum plastic.

  • What criteria do I need to meet to get a platinum rewards card?

    Platinum rewards cards are high end cards they are not available to everyone. You will need to be over 18 years, have a near perfect credit rating and also earning above a certain annual income, usually $50,000 or more.

  • Are the rewards progams better with platinum credit cards?

    Yes. Generally platinum cards have accelerated points-per-dollar deals which mean that for every dollar you spend on the card you receive more rewards points. Many platinum cards also have exclusive deals for dining and travel, as well as concierge services.

    Platinum rewards cards often do not have caps on the number of points, nor do points expire. Check out our guide platinum cards - the inside story.

  • What can points be redeemed for?

    It depends on the reward card program but platinum rewards cards usually have the most choices available to their cardholders. Flights, dining, accommodation, retail rewards and cashback are all available with Visa, Mastercard and Amex platinum cards.

  • How do I compare reward programs for platinum credit cards?

    You can find out the value of your credit spend for various rewards frequent flyers, cashback, giftcards across the platinum credit card market with Mozo's Rewards Revealer tool.

Rewards credit card comparisons on MozoRates updated daily

  • American Express Velocity Platinum Card

    American Express Velocity Platinum Card

    • 0.99% p.a. on balance transfers for the first 6 months
    • Earn up to 3 bonus points per dollar spent on eligible purchases
    • Earn up to 50,000 bonus Velocity Points, limited time only

    points per $ spent

    1 point per dollar on Amex, uncapped

    spend req Syd-Lon flight*

    $125,000

    Privileges

    Travel Insurance,
    Purchase Protection,
    Account alerts by SMS,
    Refund Protection

    Go to site
    • 0.99% p.a. on balance transfers for the first 6 months
    • Earn up to 3 bonus points per dollar spent on eligible purchases
    • Earn up to 50,000 bonus Velocity Points, limited time only
    Product info
    • Interest rate: 20.74%
    • Balance transfer rate: 0.99% for 6 months (1.00% handling fee)
    • Interest rate on cash withdrawals:
    • Interest free days: 44
    • Intro rate:
    • Additional cardholders: unlimited
    • Bonus points: Earn 3 points per dollar for eligible purchases at Virgin Australia, and tens of thousands of restaurants in Australia; 2 points per dollar for various travel and foreign currency purchases; 1 point per dollar at all other providers; except 0.5 points per dollar at utilities, insurance, telecommunications, and government bodies.
    • Expiry: Never
    • Points earning: 1 point per dollar on Amex, uncapped
    • Points required: 18000 points buys a Myer $100 Gift Card
    • Rewards program: Velocity Rewards
    • Flight options: Flights available with Virgin, Air New Zealand, Etihad Airways, Singapore Airlines and other partners.
    Overall rating

    7.3

    Based on 130 American Express credit card reviews

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  • ANZ Rewards Platinum

    ANZ Rewards Platinum

    • 50,000 Reward Points when you spend $3,000 on purchases within the first three months
    • No Annual fee for the first year
    • Offer end date the 30th June

    points per $ spent

    3 points per dollar on Amex, 1.5 points per dollar on Visa, uncapped

    spend req Syd-Lon flight*

    $93,759 (on Amex, or $187,519 on Visa)

    Privileges

    Concierge,
    Travel Insurance,
    Commission-free Travellers Cheques,
    Extended Warranty,
    Purchase Protection,
    Rental Car Excess Cover,
    Guaranteed Pricing

    Go to site
    • 50,000 Reward Points when you spend $3,000 on purchases within the first three months
    • No Annual fee for the first year
    • Offer end date the 30th June
    Product info
    • Interest rate: 18.79%
    • Balance transfer rate:
    • Interest rate on cash withdrawals: 20.99%
    • Interest free days: 55
    • Intro rate:
    • Additional cardholders: 9
    • Bonus points: Earn bonus points at over 30 bonus partners.
    • Expiry: 36 months
    • Points earning: 3 points per dollar on Amex, 1.5 points per dollar on Visa, uncapped
    • Points required: 19980 points buys a Myer $100 Gift Card
    • Rewards program: ANZ Rewards
    • Flight options: You can get flights via Velocity, Air New Zealand or KrisFlyer.
    Overall rating

    7.1

    Based on 909 ANZ credit card reviews

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  • Virgin Money Virgin Australia Velocity High Flyer Card

    Virgin Money Virgin Australia Velocity High Flyer Card

    • 1.9% p.a. for 12 months on balance transfers
    • Earn up to 20,000 bonus Velocity Points
    • 1/2 annual fee in the first year

    points per $ spent

    1.25 points per dollar on Visa, uncapped

    spend req Syd-Lon flight*

    $100,000

    Privileges

    Concierge,
    Travel Insurance,
    Extended Warranty,
    Purchase Protection,
    Guaranteed Pricing

    Go to site
    • 1.9% p.a. for 12 months on balance transfers
    • Earn up to 20,000 bonus Velocity Points
    • 1/2 annual fee in the first year
    Product info
    • Interest rate: 20.74%
    • Balance transfer rate: 1.90% for 12 months and then 20.99%
    • Interest rate on cash withdrawals: 20.99%
    • Interest free days: 44
    • Intro rate:
    • Additional cardholders: 4
    • Bonus points:
    • Expiry: Never
    • Points earning: 1.25 points per dollar on Visa, uncapped
    • Points required: 18000 points buys a Myer $100 Gift Card
    • Rewards program: Velocity Rewards
    • Flight options:
    Overall rating

    5.0

    Based on 40 Virgin Money credit card reviews

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  • Woolworths Money Everyday Platinum Credit Card

    Woolworths Money Everyday Platinum Credit Card

    • $0 annual fee for the first year. Apply by 31 May 2015
    • Get cash back as Woolworths Shopping Cards. T&Cs apply
    • $10 off your order whenever you spend $100 or more in a single transaction at Woolworths Online

    points per $ spent

    1 point per dollar on Visa, uncapped

    spend req Syd-Lon flight*

    Privileges

    Concierge,
    Purchase Protection

    Go to site
    • $0 annual fee for the first year. Apply by 31 May 2015
    • Get cash back as Woolworths Shopping Cards. T&Cs apply
    • $10 off your order whenever you spend $100 or more in a single transaction at Woolworths Online
    Product info
    • Interest rate: 19.99%
    • Balance transfer rate: 0% for 9 months and then 21.99%
    • Interest rate on cash withdrawals: 21.99%
    • Interest free days: 55
    • Intro rate:
    • Additional cardholders: 1
    • Bonus points: Double points on purchases at Woolworths Supermarkets, Big W and other partner stores. Triple points on Woolworths Select and Woolworths Mobile products.
    • Expiry: Never
    • Points earning: 1 point per dollar on Visa, uncapped
    • Points required: 20000 points buys a $100 Gift Card
    • Rewards program: Everyday Money Rewards
    • Flight options:
    Overall rating

    5.7

    Based on 45 Woolworths Money credit card reviews

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  • Bankwest Qantas Platinum MasterCard

    Bankwest Qantas Platinum MasterCard

    • Receive up to 50,000 introductory bonus Qantas Points
    • Up to 0.75 Qantas Points for every $1 spent on eligible purchases
    • Complimentary Credit Card Travel Insurance

    points per $ spent

    0.75 points per dollar on MasterCard, up to 200000 points per year

    spend req Syd-Lon flight*

    $170,667

    Privileges

    Concierge,
    Travel Insurance,
    Extended Warranty,
    Purchase Protection,
    Guaranteed Pricing

    Go to site
    • Receive up to 50,000 introductory bonus Qantas Points
    • Up to 0.75 Qantas Points for every $1 spent on eligible purchases
    • Complimentary Credit Card Travel Insurance
    Product info
    • Interest rate: 20.49%
    • Balance transfer rate:
    • Interest rate on cash withdrawals: 21.99%
    • Interest free days: 55
    • Intro rate:
    • Additional cardholders: 3
    • Bonus points:
    • Expiry: Never
    • Points earning: 0.75 points per dollar on MasterCard, up to 200000 points per year
    • Points required: 15100 points buys a Myer $100 Gift Card
    • Rewards program: Qantas Frequent Flyer
    • Flight options: All rewards are redeemed via Qantas Frequent Flyer.
    Overall rating

    7.6

    Based on 142 Bankwest credit card reviews

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  • Woolworths Money Qantas Platinum Credit Card

    Woolworths Money Qantas Platinum Credit Card

    • A range of complimentary insurance options
    • You can earn Qantas points twice with one card
    • Get 20% off your total bill(up to max of $25) at over 2000 restaurants with the dine play stay program

    points per $ spent

    1 point per dollar on Visa, up to $2,500 per month, then
    0.5 points per dollar on Visa, uncapped

    spend req Syd-Lon flight*

    $226,000

    Privileges

    Concierge,
    Travel Insurance,
    Extended Warranty,
    Purchase Protection,
    Rental Car Excess Cover

    Go to site
    • A range of complimentary insurance options
    • You can earn Qantas points twice with one card
    • Get 20% off your total bill(up to max of $25) at over 2000 restaurants with the dine play stay program
    Product info
    • Interest rate: 20.49%
    • Balance transfer rate: 0% for 9 months and then 21.99%
    • Interest rate on cash withdrawals: 21.99%
    • Interest free days: 55
    • Intro rate:
    • Additional cardholders: 1
    • Bonus points: Bonus points earned at a range of Qantas and everyday rewards bonus partners.
    • Expiry: Never
    • Points earning: 1 point per dollar on Visa, up to $2,500 per month, then
      0.5 points per dollar on Visa, uncapped
    • Points required: 15100 points buys a Myer $100 Gift Card
    • Rewards program: Qantas Frequent Flyer
    • Flight options: All rewards are redeemed via Qantas Frequent Flyer.
    Overall rating

    5.7

    Based on 45 Woolworths Money credit card reviews

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  • NAB Velocity Rewards Premium Card

    NAB Velocity Rewards Premium Card

    • 0% p.a. on balance transfers for 15 months and 20,000 bonus Velocity Points when you make an everyday purchase.
    • 7 complementary insurances including Overseas Travel Insurance.
    • Apply by 11 October 2015.

    points per $ spent

    1.5 points per dollar on Amex, 0.5 points per dollar on Visa, up to $20,000 per month

    spend req Syd-Lon flight*

    $83,333 (on Amex, or $250,000 on Visa)

    Privileges

    Concierge,
    Travel Insurance,
    Extended Warranty,
    Purchase Protection,
    Guaranteed Pricing,
    Domestic Hotel Burglary Insurance

    Go to site
    • 0% p.a. on balance transfers for 15 months and 20,000 bonus Velocity Points when you make an everyday purchase.
    • 7 complementary insurances including Overseas Travel Insurance.
    • Apply by 11 October 2015.
    Product info
    • Interest rate: 19.99%
    • Balance transfer rate: 0% for 15 months
    • Interest rate on cash withdrawals: 21.74%
    • Interest free days: 44
    • Intro rate:
    • Additional cardholders: 1
    • Bonus points: Bonus Points offers from Velocity Partners including airlines, hotels, hire cars and more.
    • Expiry: Never
    • Points earning: 1.5 points per dollar on Amex, 0.5 points per dollar on Visa, up to $20,000 per month
    • Points required: 18000 points buys a Myer $100 Gift Card
    • Rewards program: Velocity Rewards
    • Flight options: All rewards are redeemed via Velocity.
    Overall rating

    7.2

    Based on 680 NAB credit card reviews

    Need more information?
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  • ANZ Frequent Flyer Platinum

    ANZ Frequent Flyer Platinum

    • 50,000 Qantas Points when you spend $3,000 on purchases within the first three months
    • No Annual fee for the first year
    • Offer end date the 30th June

    points per $ spent

    1.5 points per dollar on Amex, 0.5 points per dollar on Visa, up to $6,000 per month

    spend req Syd-Lon flight*

    $85,333 (on Amex, or $256,000 on Visa)

    Privileges

    Concierge,
    Travel Insurance,
    Extended Warranty,
    Purchase Protection,
    Rental Car Excess Cover,
    Guaranteed Pricing

    Go to site
    • 50,000 Qantas Points when you spend $3,000 on purchases within the first three months
    • No Annual fee for the first year
    • Offer end date the 30th June
    Product info
    • Interest rate: 19.99%
    • Balance transfer rate:
    • Interest rate on cash withdrawals: 21.49%
    • Interest free days: 55
    • Intro rate:
    • Additional cardholders: 9
    • Bonus points: Bonus points earned at a range of bonus partners including Qantas.
    • Expiry: Never
    • Points earning: 1.5 points per dollar on Amex, 0.5 points per dollar on Visa, up to $6,000 per month
    • Points required: 15100 points buys a Myer $100 Gift Card
    • Rewards program: Qantas Frequent Flyer
    • Flight options: All rewards are redeemed via Qantas Frequent Flyer.
    Overall rating

    7.1

    Based on 909 ANZ credit card reviews

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  • David Jones American Express Platinum Card (Membership Rewards)

    David Jones American Express Platinum Card (Membership Rewards)

    • Up to 44 days interest free on purchases
    • Choose either Membership Rewards or Qantas Frequent Flyer as your rewards program
    • Apply now and a receive a generous welcome bonus of 40,000 Reward Points

    points per $ spent

    1 point per dollar on Amex, uncapped

    spend req Syd-Lon flight*

    $250,000

    Privileges

    Travel Insurance,
    Extended Warranty,
    Purchase Protection

    Go to site
    • Up to 44 days interest free on purchases
    • Choose either Membership Rewards or Qantas Frequent Flyer as your rewards program
    • Apply now and a receive a generous welcome bonus of 40,000 Reward Points
    Product info
    • Interest rate: 20.74%
    • Balance transfer rate:
    • Interest rate on cash withdrawals:
    • Interest free days: 44
    • Intro rate:
    • Additional cardholders: 4
    • Bonus points:
    • Expiry: Never
    • Points earning: 1 point per dollar on Amex, uncapped
    • Points required: 13500 points buys a David Jones $100 Gift Card
    • Rewards program: Membership Rewards
    • Flight options: Flights may be redeemed via Velocity Frequent Flyer
    Overall rating

    3.7

    Based on 9 David Jones credit card reviews

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  • HSBC Platinum Qantas Credit Card

    HSBC Platinum Qantas Credit Card

    • 20,000 bonus Qantas Points when you apply by 31 July 2015
    • 0% p.a. on balance transfers for 6 months. Conditions apply
    • $0 additional cardholder fee

    points per $ spent

    1 point per dollar on Visa, uncapped

    spend req Syd-Lon flight*

    $128,000

    Privileges

    Concierge,
    Travel Insurance,
    Extended Warranty,
    Purchase Protection,
    Guaranteed Pricing

    Go to site
    • 20,000 bonus Qantas Points when you apply by 31 July 2015
    • 0% p.a. on balance transfers for 6 months. Conditions apply
    • $0 additional cardholder fee
    Product info
    • Interest rate: 19.99%
    • Balance transfer rate: 0% for 6 months and then 21.99%
    • Interest rate on cash withdrawals: 21.99%
    • Interest free days: 55
    • Intro rate:
    • Additional cardholders: yes
    • Bonus points: Earn 2 points for every dollar spent overseas.
    • Expiry: Never
    • Points earning: 1 point per dollar on Visa, uncapped
    • Points required: 15100 points buys a Myer $100 Gift Card
    • Rewards program: Qantas Frequent Flyer
    • Flight options: All rewards redeemed via Qantas Frequent Flyer.
    Overall rating

    5.2

    Based on 64 HSBC credit card reviews

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  • American Express Platinum Edge Credit Card

    American Express Platinum Edge Credit Card

    • $195 annual fee
    • Complimentary domestic economy return flight
    • 3 bonus points per dollar spent on eligible purchases

    points per $ spent

    1 point per dollar on Amex, uncapped

    spend req Syd-Lon flight*

    $125,000

    Privileges

    Concierge,
    Travel Insurance

    Go to site
    • $195 annual fee
    • Complimentary domestic economy return flight
    • 3 bonus points per dollar spent on eligible purchases
    Product info
    • Interest rate: 20.74%
    • Balance transfer rate: 0.99% for 6 months (1.00% handling fee)
    • Interest rate on cash withdrawals:
    • Interest free days: 55
    • Intro rate:
    • Additional cardholders: unlimited
    • Bonus points: Earn 3 points per $1 at major supermarkets, 2 points per $1 at major petrol stations. 1 point per $1 on all other purchases excluding insurance, telecommunications, and government where you earn 0.5 points per $1
    • Expiry: Never
    • Points earning: 1 point per dollar on Amex, uncapped
    • Points required: 13500 points buys a Myer $100 Gift Card
    • Rewards program: Ascent Membership Rewards
    • Flight options: Transfer your points to 8 airline programs, including Virgin Velocity, or book direct with your dedicated travel service or travel agents including Harvey World Travel and Webjet.
    Overall rating

    7.3

    Based on 130 American Express credit card reviews

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  • Westpac Altitude Platinum (Qantas)

    Westpac Altitude Platinum (Qantas)

    • Enjoy 0% p.a. for 3 months on purchases from card approval
    • 0% p.a. for 16 months on balance transfers at card application
    • Complimentary insurance cover

    points per $ spent

    1 point per dollar on Amex, 0.5 points per dollar on Visa, up to 3750 points per month

    spend req Syd-Lon flight*

    $128,000 (on Amex, or $256,000 on Visa)

    Privileges

    Concierge,
    Travel Insurance,
    Extended Warranty,
    Purchase Protection

    Go to site
    • Enjoy 0% p.a. for 3 months on purchases from card approval
    • 0% p.a. for 16 months on balance transfers at card application
    • Complimentary insurance cover
    Product info
    • Interest rate: 20.24%
    • Balance transfer rate: 0% for 16 months and then 21.24%
    • Interest rate on cash withdrawals: 21.24%
    • Interest free days: 45
    • Intro rate: 0% for 3 months
    • Additional cardholders: 1
    • Bonus points: Bonus points on selected Qantas products and services.
    • Expiry: Never
    • Points earning: 1 point per dollar on Amex, 0.5 points per dollar on Visa, up to 3750 points per month
    • Points required: 15100 points buys a Myer $100 Gift Card
    • Rewards program: Qantas
    • Flight options: All rewards are redeemed via Qantas Frequent Flyer.
    Overall rating

    7.2

    Based on 681 Westpac credit card reviews

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  • NAB Qantas Rewards Premium Card

    NAB Qantas Rewards Premium Card

    • 0% p.a. on balance transfers for 15 months.
    • 40,000 bonus Qantas Points when you make an everyday purchase.
    • Apply by 11 October 2015.

    points per $ spent

    1.5 points per dollar on Amex, 0.5 points per dollar on Visa, up to $50,000 per month

    spend req Syd-Lon flight*

    $85,333 (on Amex, or $256,000 on Visa)

    Privileges

    Concierge,
    Travel Insurance,
    Extended Warranty,
    Purchase Protection,
    Guaranteed Pricing,
    Domestic Hotel Burglary Insurance

    Go to site
    • 0% p.a. on balance transfers for 15 months.
    • 40,000 bonus Qantas Points when you make an everyday purchase.
    • Apply by 11 October 2015.
    Product info
    • Interest rate: 19.99%
    • Balance transfer rate: 0% for 15 months
    • Interest rate on cash withdrawals: 21.74%
    • Interest free days: 44
    • Intro rate:
    • Additional cardholders: 1
    • Bonus points: Bonus points on selected Qantas products and services, including eligible Qantas flights.
    • Expiry: Never
    • Points earning: 1.5 points per dollar on Amex, 0.5 points per dollar on Visa, up to $50,000 per month
    • Points required: 15100 points buys a Myer $100 Gift Card
    • Rewards program: Qantas Frequent Flyer
    • Flight options: All rewards are redeemed via Qantas Frequent Flyer.
    Overall rating

    7.2

    Based on 680 NAB credit card reviews

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  • Bank of Queensland Platinum Visa Credit Card (online offer)

    Bank of Queensland Platinum Visa Credit Card (online offer)

    • 0% p.a on balance transfers for 14 months
    • $49 annual fee in the first year, usually $199
    • Apply by 31 August 2015

    points per $ spent

    2 points per dollar on Visa, up to 240000 points per year

    spend req Syd-Lon flight*

    $171,600

    Privileges

    Concierge,
    Travel Insurance,
    Extended Warranty,
    Purchase Protection

    Go to site
    • 0% p.a on balance transfers for 14 months
    • $49 annual fee in the first year, usually $199
    • Apply by 31 August 2015
    Product info
    • Interest rate: 20.74%
    • Balance transfer rate: 0% for 14 months and then 21.74%
    • Interest rate on cash withdrawals: 21.74%
    • Interest free days: 55
    • Intro rate:
    • Additional cardholders: 4
    • Bonus points:
    • Expiry: Never
    • Points earning: 2 points per dollar on Visa, up to 240000 points per year
    • Points required: 28600 points buys a Myer $100 Gift Card
    • Rewards program: Q Rewards
    • Flight options: You can get flights via Virgin Australia vouchers, Flight Centre Vouchers or TakeFlight.
    Overall rating

    7.5

    Based on 70 Bank of Queensland credit card reviews

    Need more information?
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