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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 Mozo Rates updated daily

  • ANZ Rewards Platinum

    ANZ Rewards Platinum

    • 50,000 Reward Points when you spend $5,000 on eligible purchases within the first three months
    • No Annual fee for the first year
    • Terms and conditions, fees and charges apply

    points per $ spent

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

    spend req Syd-Mel flight*

    $4,600 (on Amex, or $9,200 on Visa)

    annual fees

    $149 $0 in the first 1 year

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    • 50,000 Reward Points when you spend $5,000 on eligible purchases within the first three months
    • No Annual fee for the first year
    • Terms and conditions, fees and charges apply
    Product info
    • Interest rate: 18.79%
    • Intro rate:
    • Interest rate on cash withdrawals: 20.99%
    • Interest free days: 55
    • Rewards program: ANZ Rewards
    • Bonus points: Earn bonus points at over 30 bonus partners.
    • Balance transfer rate:
    • Filght options: You can get flights via Velocity, Air New Zealand or KrisFlyer.
    • Expiry: 36 months
    • Points earning: 3 points per dollar on Amex, 1.5 points per dollar on Visa, uncapped
    • Points required: 1 points buys 0.5 Velocity Points; 6900 Velocity Points buys a Virgin Australia Syd-Mel flight
      1 points buys 0.5 Velocity Points; 125000 Velocity Points buys a Velocity partner London flight
      22225 points buys a Myer $100 Gift Card
      25000 points buys a $100 credit
    Overall rating

    7.0

    Based on 1006 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-Mel flight*

    $5,520

    annual fees

    $289 $144 in the first 1 year

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    • 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%
    • Intro rate:
    • Interest rate on cash withdrawals: 20.99%
    • Interest free days: 44
    • Rewards program: Velocity Rewards
    • Bonus points:
    • Balance transfer rate: 1.90% for 12 months and then 20.99%
    • Filght options:
    • Expiry: Never
    • Points earning: 1.25 points per dollar on Visa, uncapped
    • Points required: 6900 points buys a Virgin Australia Syd-Mel flight
      125000 points buys a Velocity partner London flight
      18000 points buys a Myer $100 Gift Card
    Overall rating

    5.6

    Based on 35 Virgin Money 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 plus 40,000 Bonus points
    • Earn Qantas Points on everyday purchases and take advantage of added platinum benefits.
    • Seven complimentary insurances including overseas travel insurance & access to the 24/7 Platinum Concierge Service

    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-Mel flight*

    $5,333 (on Amex, or $16,000 on Visa)

    annual fees

    $250

    Go to site
    • 0% p.a. on balance transfers for 15 months plus 40,000 Bonus points
    • Earn Qantas Points on everyday purchases and take advantage of added platinum benefits.
    • Seven complimentary insurances including overseas travel insurance & access to the 24/7 Platinum Concierge Service
    Product info
    • Interest rate: 19.99%
    • Intro rate:
    • Interest rate on cash withdrawals: 21.74%
    • Interest free days: 44
    • Rewards program: Qantas Frequent Flyer
    • Bonus points: Bonus points on selected Qantas products and services, including eligible Qantas flights.
    • Balance transfer rate: 0% for 15 months
    • Filght options: All rewards are redeemed via Qantas Frequent Flyer.
    • 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: 8000 points buys a Qantas Syd-Mel flight
      128000 points buys a Qantas London flight
      15100 points buys a Myer $100 Gift Card
    Overall rating

    7.2

    Based on 743 NAB credit card reviews

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  • 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 100,000 bonus Velocity Points, limited time only

    points per $ spent

    1 point per dollar on Amex, uncapped

    spend req Syd-Mel flight*

    $6,900

    annual fees

    $349

    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 100,000 bonus Velocity Points, limited time only
    Product info
    • Interest rate: 20.74%
    • Intro rate:
    • Interest rate on cash withdrawals:
    • Interest free days: 44
    • Rewards program: Velocity Rewards
    • 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.
    • Balance transfer rate: 0.99% for 6 months (1.00% handling fee)
    • Filght options: Flights available with Virgin, Air New Zealand, Etihad Airways, Singapore Airlines and other partners.
    • Expiry: Never
    • Points earning: 1 point per dollar on Amex, uncapped
    • Points required: 6900 points buys a Virgin Australia Syd-Mel flight
      125000 points buys a Velocity partner London flight
      18000 points buys a Myer $100 Gift Card
    Overall rating

    7.3

    Based on 137 American Express credit card reviews

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  • Bankwest Zero Platinum MasterCard

    Bankwest Zero Platinum MasterCard

    • No annual fee
    • Complimentary credit card international travel insurance for you and your family
    • No transaction fees on overseas purchases

    points per $ spent

    spend req Syd-Mel flight*

    annual fees

    $0

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    • No annual fee
    • Complimentary credit card international travel insurance for you and your family
    • No transaction fees on overseas purchases
    Product info
    • Interest rate: 17.99%
    • Intro rate:
    • Interest rate on cash withdrawals: 21.99%
    • Interest free days: 55
    • Rewards program:
    • Bonus points:
    • Balance transfer rate: 2.99% for 9 months
    • Filght options:
    • Expiry:
    • Points earning:
    • Points required:


    Overall rating

    7.4

    Based on 160 Bankwest credit card reviews

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  • HSBC Platinum Qantas Credit Card

    HSBC Platinum Qantas Credit Card

    • 40,000 bonus Qantas Points when you apply by 31 October 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, up to $2,500 per month, then
    0.5 points per dollar on Visa, uncapped

    spend req Syd-Mel flight*

    $8,000

    annual fees

    $199

    Go to site
    • 40,000 bonus Qantas Points when you apply by 31 October 2015
    • 0% p.a. on balance transfers for 6 months. Conditions apply
    • $0 additional cardholder fee
    Product info
    • Interest rate: 19.99%
    • Intro rate:
    • Interest rate on cash withdrawals: 21.99%
    • Interest free days: 55
    • Rewards program: Qantas Frequent Flyer
    • Bonus points:
    • Balance transfer rate: 0% for 6 months and then 21.99%
    • Filght options: All rewards redeemed via Qantas Frequent Flyer.
    • 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: 8000 points buys a Qantas Syd-Mel flight
      128000 points buys a Qantas London flight
      15100 points buys a Myer $100 Gift Card
    Overall rating

    5.1

    Based on 64 HSBC 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 Earn Velocity Points on everyday purchases
    • 7 complementary insurances including Overseas Travel Insurance.
    • Access to Platinum Concierge Service, your own 24 hour, 7 day personal assistant & the 24/7 NAB Service Centre

    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-Mel flight*

    $4,600 (on Amex, or $13,800 on Visa)

    annual fees

    $150

    Go to site
    • 0% p.a. on balance transfers for 15 months and Earn Velocity Points on everyday purchases
    • 7 complementary insurances including Overseas Travel Insurance.
    • Access to Platinum Concierge Service, your own 24 hour, 7 day personal assistant & the 24/7 NAB Service Centre
    Product info
    • Interest rate: 19.99%
    • Intro rate:
    • Interest rate on cash withdrawals: 21.74%
    • Interest free days: 44
    • Rewards program: Velocity Rewards
    • Bonus points: Bonus Points offers from Velocity Partners including airlines, hotels, hire cars and more.
    • Balance transfer rate: 0% for 15 months
    • Filght options: All rewards are redeemed via Velocity.
    • 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: 6900 points buys a Virgin Australia Syd-Mel flight
      125000 points buys a Velocity partner London flight
      18000 points buys a Myer $100 Gift Card
    Overall rating

    7.2

    Based on 743 NAB credit card reviews

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  • Westpac Altitude Platinum - Online Only Offer (Qantas)

    Westpac Altitude Platinum - Online Only Offer (Qantas)

    • Enjoy 0% p.a. for 3 months on purchases from card approval
    • 0% p.a. for 20 months on balance transfers at card application (2% balance transfer fee)
    • 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-Mel flight*

    $8,000 (on Amex, or $16,000 on Visa)

    annual fees

    $150

    Go to site
    • Enjoy 0% p.a. for 3 months on purchases from card approval
    • 0% p.a. for 20 months on balance transfers at card application (2% balance transfer fee)
    • Complimentary insurance cover
    Product info
    • Interest rate: 20.24%
    • Intro rate: 0% for 3 months
    • Interest rate on cash withdrawals: 21.24%
    • Interest free days: 45
    • Rewards program: Qantas
    • Bonus points: Bonus points on selected Qantas products and services.
    • Balance transfer rate: 0% for 20 months and then 21.24% (2.00% handling fee)
    • Filght options: All rewards are redeemed via Qantas Frequent Flyer.
    • 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: 8000 points buys a Qantas Syd-Mel flight
      128000 points buys a Qantas London flight
      15100 points buys a Myer $100 Gift Card
    Overall rating

    7.3

    Based on 698 Westpac 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-Mel flight*

    $6,900

    annual fees

    $195

    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%
    • Intro rate:
    • Interest rate on cash withdrawals:
    • Interest free days: 55
    • Rewards program: Ascent Membership Rewards
    • 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
    • Balance transfer rate: 0.99% for 6 months (1.00% handling fee)
    • Filght 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.
    • Expiry: Never
    • Points earning: 1 point per dollar on Amex, uncapped
    • Points required: 1 points buys 1 Velocity Points; 6900 Velocity Points buys a Virgin Australia Syd-Mel flight
      1 points buys 1 Velocity Points; 125000 Velocity Points buys a Velocity partner London flight
      13500 points buys a Myer $100 Gift Card
      14500 points buys a $100 credit
    Overall rating

    7.3

    Based on 137 American Express credit card reviews

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  • ANZ Frequent Flyer Platinum

    ANZ Frequent Flyer Platinum

    • 50,000 Qantas Points when you spend $5,000 on purchases within the first three months
    • No Annual fee for the first year
    • Terms and conditions, fees and charges apply

    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-Mel flight*

    $5,333 (on Amex, or $16,000 on Visa)

    annual fees

    $295 $0 in the first 1 year

    Go to site
    • 50,000 Qantas Points when you spend $5,000 on purchases within the first three months
    • No Annual fee for the first year
    • Terms and conditions, fees and charges apply
    Product info
    • Interest rate: 19.99%
    • Intro rate:
    • Interest rate on cash withdrawals: 21.49%
    • Interest free days: 55
    • Rewards program: Qantas Frequent Flyer
    • Bonus points: Bonus points earned at a range of bonus partners including Qantas.
    • Balance transfer rate:
    • Filght options: All rewards are redeemed via Qantas Frequent Flyer.
    • 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: 8000 points buys a Qantas Syd-Mel flight
      128000 points buys a Qantas London flight
      15100 points buys a Myer $100 Gift Card
    Overall rating

    7.0

    Based on 1006 ANZ credit card reviews

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  • Bankwest Qantas Platinum MasterCard

    Bankwest Qantas Platinum MasterCard

    • Receive up to 8,000 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-Mel flight*

    $10,667

    annual fees

    $160

    Go to site
    • Receive up to 8,000 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%
    • Intro rate:
    • Interest rate on cash withdrawals: 21.99%
    • Interest free days: 55
    • Rewards program: Qantas Frequent Flyer
    • Bonus points:
    • Balance transfer rate: 2.99% for 9 months
    • Filght options: All rewards are redeemed via Qantas Frequent Flyer.
    • Expiry: Never
    • Points earning: 0.75 points per dollar on MasterCard, up to 200000 points per year
    • Points required: 8000 points buys a Qantas Syd-Mel flight
      128000 points buys a Qantas London flight
      15100 points buys a Myer $100 Gift Card
    Overall rating

    7.4

    Based on 160 Bankwest credit card reviews

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