Platinum rewards 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.

  • We compare 86 rewards cards from 38 banks

  • We update rewards credit card information on our site daily

  • You should select a rewards card based on your annual spend

Platinum rewards credit card comparisons on Mozo

    • American Express
      American Express Velocity Platinum Card
      • 50,000 bonus Velocity Points offer. Apply by July 31
      • Earn 1.5 Velocity Points per $1 spent until 22 July 2013, after which you will earn up to 3 points per dollar spent
      • Enjoy a complimentary Virgin Australia return domestic flight every year after your first card spend
    • rewards description

      Points automatically transferred to your Velocity account

    • annual fees

      $349

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    • Commonwealth Bank
      Platinum Awards Credit Card
      • 20,000 bonus Awards points for a limited time. Earn up to 3 points for every dollar spent
      • Lower annual fee of $250 for eligible customers
      • Complimentary International Travel Insurance. Eligibility and coverage
    • rewards description

      Redeem points at Flight Centre, instore at Myer, gift cards, cash back or thousands of items from the Awards website.

    • annual fees

      $280$250 if CBA customer when applying

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    • American Express
      Platinum Edge Credit Card
      • 10,000 Membership Rewards Bonus Points
      • Complimentary travel insurance
      • $195 annual fee
    • rewards description

      Transfer points to a range of airline programs or redeem your points for travel, gift cards, retail rewards and shopping gift cards.

    • annual fees

      $195

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    • Bankwest
      Bankwest Qantas Platinum Mastercard (Qantas Frequent Flyer)
      • 0% p.a. on balance transfers for 6 months
      • Bonus 8,000 Qantas Frequent Flyer points after first use
      • No foreign exchange fees
    • rewards description

      Points are automatically credited to the Qantas Frequent Flyer program.

    • annual fees

      $140

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    • Bankwest
      More Platinum
      • Get 16,000 More Rewards Bonus points
      • Earn 2 points for every $1 you spend on eligible purchases
      • No foreign transaction fees on online or overseas spend
    • rewards description

      Redeem your points for cashback, travel, gift cards, retail rewards and shopping gift cards.

    • annual fees

      $130

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    • Virgin Money
      Virgin Australia Velocity High Flyer Card
      • Balance transfer rate of 1.9% p.a. for the first 6 months
      • Complimentary flight up to 4 times every year
      • Earn 1.25 Velocity Points per $1 spent
    • rewards description

      Points are credited to the Velocity program. Also, buy a seat on Virgin Australia and get a complimentary seat (up to 4 times a year).

    • annual fees

      $289

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  • Rewards credit card reviews

      • Commonwealth Bank credit card review

        Great CASH redemption benefit

          11. Overall customer rating
          12. (Reviewed 5 days ago)

        This particular Mastercard product is unique in that it not only has the most competitive rate but also allows customers the option of redeeming the points accumulated for CASH which is very useful as compared with products. A point to note is tha...       Full review 

        This particular Mastercard product is unique in that it not only has the most competitive rate but also allows customers the option of redeeming the points accumulated for CASH which is very useful as compared with products. A point to note is that although you need more points to get a decent product, as is with most reward programs, the redemption of CASH amount vis-a-vis the points exchanged is good. That is why I will never part with this CBA Mastercard product because of this unique feature although it would have been great if it also came with a low rate credit card instead of a normal credit card offer.


          11. Price
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        Commonwealth Bank Platinum Awards Credit Card credit card review by Jonathan from Western Australia

        Was this review helpful?

        Yes

      • ANZ credit card review

        Good online access security & customer service

          11. Overall customer rating
          12. (Reviewed 5 days ago)

        I have used this card for the past 7 years and it's efficient in terms of online connectivity, ease of use and most of all a BANK that I can trust to monitor and look after my online charges. Recently, I was informed that ANZ suspected a card frua...       Full review 

        I have used this card for the past 7 years and it's efficient in terms of online connectivity, ease of use and most of all a BANK that I can trust to monitor and look after my online charges. Recently, I was informed that ANZ suspected a card fruad or breach and had suspended my card. Through the phone we went through some of the suspicious charges and was able to identify one of them. This helped prevent monetary loss and to prevent merchant from further using the card details, ANZ has opted to replace with a new card with a different card number and PIN. I love to have ANZ as my banker as they really understand their customers' needs and looks after their finances as a friendly trusted bank.


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        ANZ Low Rate credit card review by Jonathan from Western Australia

        Was this review helpful?

        Yes

      • Commonwealth Bank credit card review

        Bad rates dreadful customer service

          11. Overall customer rating
          12. (Reviewed 5 days ago)

        I had a credit card with them and they are all friendly and helpful at first. Then you find out things the hard way when you start to use your card. They are all on bonuses they are given a sales target to reach. So they really don't give a dam...       Full review 

        I had a credit card with them and they are all friendly and helpful at first. Then you find out things the hard way when you start to use your card. They are all on bonuses they are given a sales target to reach. So they really don't give a damn who they sign up.


          11. Price
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        Commonwealth Bank credit card review by Patricia from New South Wales

        Was this review helpful?

        Yes

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