ANZ Frequent Flyer Platinum

19.99% p.a.

No current offer

$295

ANZ Frequent Flyer Platinum Review

Rates and fees information correct as at 16 July 2018.

Review published: 18 December 2012

What's hot:

  • 65,000 bonus Qantas Points and $150 cashback after your first purchase

  • 2017 Mozo Experts Choice Award

What's not:

  • $295 ongoing annual fee

Mozo snapshot:

You'll be flying fast with the ANZ Frequent Flyer Platinum credit card, which received a 2017 Mozo Experts Choice Award. You'll receive 65,000 bonus Qantas Points and $150 cashback after you've made your first purchase within the first three months. If you're a frequent flyer who will use the complimentary travel insurance, concierge services and want to earn points exclusively with Qantas then this credit card is worthy of your attention.

Key features:

With the ANZ Frequent Flyer Platinum credit card you'll earn 0.75 points for every dollar spent up to $3,000 each month. After you hit that limit, you'll then only earn 0.5 points for ever dollar.

Points are automatically transferred to the Qantas Frequent Flyer Program every month. If you're not already a member of Qantas you will receive complimentary Qantas Frequent Flyer membership saving you $89.50.

There is a $295 annual card fee to consider. The purchase rate of the ANZ Frequent Flyer Platinum credit card is 19.99% so this is not a card you want to carry large amounts of debt on. Pay off your balance in full each month and you'll get up to 55 interest free days.

Some of the award-winning platinum privileges you'll get with the card include: overseas travel and medical insurance, rental car cover, interstate flight inconvenience insurance, extended warranty insurance, purchase security insurance. 

Your card will come with Visa Paywave functionality so that you can tap and go for purchases under $100. When overseas your Frequent Flyer Platinum Card will be accepted anywhere that Visa is and there will be a 3% foreign currency conversion added to any overseas purchases, whether made online or in person.

Who it's good for:

This credit card is best suited to loyal Qantas frequent flyers as all points are redeemed via the Qantas Frequent Flyer program.

Any catches?

You'll need to be earning at least $50,000 annually to apply for the Qantas Frequent Flyer Platinum Card and the bonus point offer is only available to new ANZ credit card customers.

How are ANZ credit cards rated by the Mozo community?

Product Type Overall Rating Price Features Service Convenience Trust
6.9

Based on 1932
ANZ credit cards reviews

5.9 6.1 7.0 7.5 7.2

Read ANZ credit card reviews by the Mozo community

Latest reviews of ANZ Frequent Flyer Platinum

ANZ

ANZ Frequent Flyer Platinum credit card review

Overall rating   10 / 10

ANZ have competitive rates and professional staff

I have been with ANZ for 42 years and they have always given great service. ANZ have always accommodated my needs and the staff are always very helpful.

Full review

I have been with ANZ for 42 years and they have always given great service. ANZ have always accommodated my needs and the staff are always very helpful.

    Price   6 / 10

    Features   9 / 10

    Customer service   10 / 10

    Convenience   10 / 10

    Trust   10 / 10

Less

Hilary (WA), reviewed 3 months ago

ANZ

ANZ Frequent Flyer Platinum credit card review

Overall rating   6 / 10

Convenient

Very high interest rates.

Full review

Very high interest rates.

    Price   6 / 10

    Features   3 / 10

    Customer service   6 / 10

    Convenience   7 / 10

    Trust   7 / 10

Less

Eunice (NSW), reviewed 5 months ago

ANZ

ANZ Frequent Flyer Platinum credit card review

Overall rating   8 / 10

We have complete trust in them

I like that they contact you if they think a fraudulent transaction has been purchased.

Full review

I like that they contact you if they think a fraudulent transaction has been purchased.

    Price   8 / 10

    Features   8 / 10

    Customer service   9 / 10

    Convenience   6 / 10

    Trust   9 / 10

Less

Catherine (VIC), reviewed 5 months ago

ANZ

ANZ Frequent Flyer Platinum credit card review

Overall rating   8 / 10

Excellent safety features

I have been a customer of ANZ since 1967 for both private and business. I found that they were very good to work with. Since the invention of the internet, business operations they have been very good in protecting the accounts with the Falcon...

Full review

I have been a customer of ANZ since 1967 for both private and business. I found that they were very good to work with. Since the invention of the internet, business operations they have been very good in protecting the accounts with the Falcon program and saved my accounts when a scammer tried to steal my funds. Very good ANZ!!!!

    Price   6 / 10

    Features   6 / 10

    Customer service   7 / 10

    Convenience   7 / 10

    Trust   8 / 10

Less

Erhard (QLD), reviewed 6 months ago

ANZ

ANZ Frequent Flyer Platinum credit card review

Overall rating   9 / 10

Friendly, helpful staff

They are very security aware and monitor suspect transactions to ensure that my account is safe from hacking.

Full review

They are very security aware and monitor suspect transactions to ensure that my account is safe from hacking.

    Price   9 / 10

    Features   / 10

    Customer service   / 10

    Convenience   / 10

    Trust   / 10

Less

Gary (SA), reviewed about 1 year ago

Mozo may receive a payment from financial providers listed on the site. Customer reviews are in no way affected by any commercial relationships Mozo has with providers. Reviewers may receive a voucher from Mozo in exchange for their review. Vouchers are given to all reviewers who meet our review guidelines regardless of the sentiment of their reviews.

Revealing rewards

How do we do it?

To work out the "Rewards value minus fees" in our Rewards Revealer we:

  • calculate how many points you'd get each year,
  • figure out how many flights or gift cards or cashback credits you could get for those points,
  • work out what that's actually worth to you,
  • take off the annual fee you'd pay.

More details:

  • Our calculations are designed to help you compare the value of different rewards schemes. To do this, we've looked at earning a one-way Sydney-Melbourne flight excluding taxes and charges, a return Sydney-London flight excluding taxes and charges, a $100 shopping Gift Card and $100 cashback. Most cards will also offer other rewards, which may be worth more or less than the ones we've shown.
  • We have made no allowance for bonus points for using your card at specific merchants, introductory offers or special offers. We have not assigned any value to instant discounts, insurances, ticketing and concierge services or other such benefits.
  • Rewards value calculations do not take credit card interest into account. If you do not pay off your card each month you may be better off looking for a card based on interest rates than on the value of rewards.
  • In products that have more than one card, a different mix of spend between American Express / Visa / Mastercard will give different results. Mozo's Rewards Revealer lets you choose the mix based on the way you would use such a product, and gives you tailored results.
  • We assume flights purchased with airline points are 'classic' or 'reward' economy seats with restricted seat availability. 'Any seat' rewards will probably cost more.
  • To compare the value of flight rewards, we sample online retail flight prices once a quarter based on the average price on a Wednesday 3 months in advance but outside NSW school holidays. For domestic flights we take the lowest available fare from each flight on that day from Qantas Red e-deal, Virgin Australia Saver including baggage and Jetstar Starter including baggage. We calculate the average price excluding taxes and surcharges for each airline, and also the average across all airlines (which we use when rewards are travel agent vouchers). For international flights, we take the lowest available fares on that same Wednesday from each of Qantas, Emirates, Malaysian, Etihad, Singapore, Cathay Pacific and Thai, assuming a return flight 2 weeks later, calculate the average price before taxes and surcharges and use this as our assumed cost of a flight on any airline.
  • Shopping rewards are based on $100 gift cards from a major national department store.
  • We make every effort to ensure our calculations are correct and up to date but make no guarantees.

Rewards scheme

  • Points are automatically credited to the Qantas Frequent Flyer program.
  • All rewards are redeemed via Qantas Frequent Flyer.
  • Bonus points earned at a range of bonus partners including Qantas.

Privileges

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

Special offers

  • Receive 65,000 bonus Qantas Points and $150 back when you make one eligible purchase in the first 3 months.

Value of rewards points

  • Need to spend $21,547 (Visa)

  • Need to spend $10,667 (Visa)

  • Need to spend $222,000 (Visa)

  • Uncapped

  • Never

Details behind our 'value of rewards' calculations

  • 0.75 points per dollar on Visa, up to $3,000 per month, then
    0.5 points per dollar on Visa, uncapped

  • 16160 points buys a Myer $100 Gift Card

  • 8000 points buys a Qantas Sydney-Melbourne flight

  • 120000 points buys a Qantas Sydney-London flight

* How did we do it? Find out...

Rates

  • 19.99% p.a.

  • none

  • No current offer

  • none

  • 21.49% p.a.

  • 55

Fees

  • $295.00

  • none

  • none

  • $0.00

  • $20.00

  • 2%

  • 3.00%

  • $0.00

  • $0.00

  • $65.00

Other financial bits

  • $25.00

  • 2.0

Features

  • 9

  • none

  • $150 back to your card after your first eligible purchase in the first 3 months.

About ANZ

ANZ is one of the largest companies in Australia and New Zealand, with a history that stretches back over 170 years. The bank offers a range of banking and financial products to more than 5.7 million retail customers, including home loans, credit cards and debit cards, personal loans, savings and banking accounts and personal insurance. And now, with its new mobile banking application, ANZ App, it's easier to do banking on the go.

**Saving based on the average difference in fees and charges over 3 years between the most competitive product Mozo can refer a consumer to and the average credit card product input by 6,863 consumers (average balance of $4,262 or balance transfer balance of $5,818, interest rate of 19.6% and annual fee of $36.50) who used the Mozo Credit Card Health Check tool between 1 January 2012 to July 2012.

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