If you are after a premium rewards card for your premium spending the ANZ Rewards Platinum credit card has a lot to offer, especially considering it was awarded a 2019 Mozo Experts Choice Award for best Premium Card Benefits. Plus once you spend $2,500 on eligible purchases in the first three months, you'll receive 60,000 bonus ANZ Reward Points.
With the ANZ Rewards Platinum Card, you'll bag 1.5 ANZ Reward Points per $1 on the first $2,500 you spend each month. After that, the earn rate will drop down to 0.5 per $1.
Reward Points are redeemed through the ANZ reward program. You spend your rewards on a wide range of items from flights, shopping, merchandise and cash back. You can choose to have an additional card holder attached to the account to help you accrue Reward Points faster but this will cost an extra $65.
The annual card fee of $95 and a standard interest rate of 20.24% for purchases but you get up to 55 interest free days. There is a 3% foreign exchange margin on all transactions made overseas whether made in person or online.
As a premium card you get a number of premium services such as 24/7 concierge, access to eDine (special dining and hotel offers as 2000 establishments), complimentary membership to Visa Entertainment and the ANZ wine club. In fact, the premium benefits offered with the card is why it was awarded a 2018 Mozo Experts Choice award.
In addition there are the six complimentary insurances that will cover your lifestyle including international travel insurance, a guaranteed pricing scheme, extended warranty, purchase protection insurance, interstate flight inconvenience and rental vehicle excess insurance (in Australia).
Keep in mind, eligibility criteria, T&Cs, fees and charges apply.
The ANZ Rewards Platinum card is a great rewards choice for people who don't want to be locked into an airline only program for their rewards choices and will get the most out of the annual fee by taking advantage of the travel and entertainment privileges that come standard with the card.
To hold the card, you'll need to be 18 or over, and be a permanent Australian resident or a non-permanent resident with more than 9 months remaining on your Visa.
Just be sure to automate your repayments or you'll be up for a $20 late payment fee.
Fly Sydney to London return
212,000 points
Fly Sydney to Melbourne one-way
-
$100 Giftcard
22,225 points
$100 Cash
25,000 points
1.5 points per dollar on Visa, up to $2,000 per month, then
0.5 points per dollar on Visa, uncapped
Transfer points to a range of airline programs or redeem your points for travel, gift cards, retail rewards and shopping gift cards.
You can get flights via Air New Zealand or KrisFlyer.
Earn bonus points at over 30 bonus partners.
Receive 60,000 bonus Reward Points if you spend $2,500 on eligible purchase in the first 3 months.
Spend $16,667 (Visa)
Spend $14,817 (Visa)
Spend $376,000 (Visa)
Uncapped
36 months
How do we calculate these points?
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.
20.24% p.a.
none
No current offer
none
20.24% p.a.
55
$95.00
none
none
$0.00
$20.00
2%
3.00%
$0.00
$0.00
$65.00
$25.00
2.0
9
none
Apple Pay, Google Pay, Samsung Pay, Garmin, Fitbit
Concierge,
Commission-free Travellers Cheques,
Extended Warranty,
Purchase Protection,
Guaranteed Pricing Scheme,
International Travel Insurance
There is really not much to dislike about this card if you travel a few times a year and are able to pay it off in full before the due date. It includes travel insurance, a return flight to a destination in Australia and the Virgin Lounge passes have opened my eyes to the benefits of airport lounges. The rewards program often has got me enough points to score a second seat on a flight. If you don't travel often or don't use a credit card for your every day spending to collect points, then the annual fee may not make it worth it. I'm not sure what the interest rate is like, I have a vague memory it was higher than some other cards, but if you are like me and pay the card off in full every fortnight, the interest rate is of no consequence since I never pay interest.
Read full reviewThere is really not much to dislike about this card if you travel a few times a year and are able to pay it off in full before the due date. It includes travel insurance, a return flight to a destination in Australia and the Virgin Lounge passes have opened my eyes to the benefits of airport lounges. The rewards program often has got me enough points to score a second seat on a flight. If you don't travel often or don't use a credit card for your every day spending to collect points, then the annual fee may not make it worth it. I'm not sure what the interest rate is like, I have a vague memory it was higher than some other cards, but if you are like me and pay the card off in full every fortnight, the interest rate is of no consequence since I never pay interest.
Great if you need travel insurance. Interest rates are still high but you can always pay off before the due date.
Read full reviewGreat if you need travel insurance. Interest rates are still high but you can always pay off before the due date.
Reliable, easy to use. The banking app is a little behind what some neobanks are doing, but still serves the purpose.
Read full reviewReliable, easy to use. The banking app is a little behind what some neobanks are doing, but still serves the purpose.
We use our card for all our everyday purchases and pay the full balance on the due date. We don’t pay any interest and because of the amount we spent we don’t pay an annual fee. The rewards are pretty good.
Read full reviewWe use our card for all our everyday purchases and pay the full balance on the due date. We don’t pay any interest and because of the amount we spent we don’t pay an annual fee. The rewards are pretty good.
A product with no hidden tricks. Competitive and well worth it.
Read full reviewA product with no hidden tricks. Competitive and well worth it.
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.
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11.99% p.a.
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St.George
Vertigo
0% p.a. for 7 months then 13.99% p.a.
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Bankwest
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2.99% p.a. for 9 months and then 17.99% p.a.
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13.74% p.a.
0% p.a. for 20 months and then 21.49% p.a. (1.00% balance transfer fee)
$59
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CUA
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19.99% p.a.
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$149 $0 in the first year
CUA Platinum Rewards
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American Express
Qantas Discovery Card
20.74% p.a.
No current offer
$0
Qantas Frequent Flyer
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Bank of Melbourne
Vertigo
0% p.a. for 7 months then 13.99% p.a.
0% p.a. for 22 months and then 21.49% p.a. (1.50% balance transfer fee)
$55 $0 in the first year
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American Express
Qantas Discovery Card
Qantas Frequent Flyer
$0
No current offer
0.75 points uncapped
Promoted
St.George
Amplify Platinum
Qantas Frequent Flyer
$99
60,000
0.5 points uncapped
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Westpac
Altitude Platinum
Qantas Frequent Flyer
$200 $99 in the first year
60,000
0.5 points uncapped
Promoted
NAB
Qantas Rewards Premium Card
Qantas Frequent Flyer
$250
30,000
0.66 points up to $3,000/month, then
0.33 points up to $6,000/month
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Westpac
Altitude Black
Altitude Rewards
$250
150,000
1.25 points uncapped
Promoted
American Express
Qantas Ultimate Card
Qantas Frequent Flyer
$450
55,000
1.25 points uncapped
Promoted
David Jones
American Express Card
Membership Rewards
$99
15,000
1 point uncapped
Promoted
St.George
Vertigo
0% p.a. for 22 months and then 21.49% p.a. (1.50% balance transfer fee)
0% p.a. for 7 months then 13.99% p.a.
$55 $0 in the first year
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CUA
Low Rate Credit Card
0% p.a. for 13 months and then 21.74% p.a.
11.99% p.a.
$49 $0 in the first year
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Bankwest
Zero Platinum Mastercard
2.99% p.a. for 9 months and then 17.99% p.a.
17.99% p.a.
$0
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Westpac
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0% p.a. for 20 months and then 21.49% p.a. (1.00% balance transfer fee)
13.74% p.a.
$59
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Bank of Melbourne
Vertigo
0% p.a. for 22 months and then 21.49% p.a. (1.50% balance transfer fee)
0% p.a. for 7 months then 13.99% p.a.
$55 $0 in the first year
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Citi
Clear Credit Card
0.90% p.a. for 15 months and then 22.24% p.a.
0.90% p.a. for 15 months then 14.99% p.a.
$99
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CUA
Platinum Credit Card
0% p.a. for 13 months and then 21.74% p.a.
19.99% p.a.
$149 $0 in the first year
CUA Platinum Rewards
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NAB
Low Rate Card
0% p.a. for 20 months and then 21.74% p.a. (2.00% balance transfer fee)
12.99% p.a.
$59
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Low Rate Credit Card
11.99% p.a.
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0% p.a. for 22 months and then 21.49% p.a. (1.50% balance transfer fee)
$55 $0 in the first year
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13.74% p.a.
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$99
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0% p.a.
No current offer
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Bank of Melbourne
Vertigo
0% p.a. for 7 months then 13.99% p.a.
0% p.a. for 22 months and then 21.49% p.a. (1.50% balance transfer fee)
$55 $0 in the first year
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Bankwest
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0% p.a. for 15 months then 12.99% p.a.
2.99% p.a. for 9 months and then 12.99% p.a. (0% balance transfer fee)
$79
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11.99% p.a.
0% p.a. for 13 months and then 21.74% p.a.
$49 $0 in the first year
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Vertigo
0% p.a. for 7 months then 13.99% p.a.
0% p.a. for 22 months and then 21.49% p.a. (1.50% balance transfer fee)
$55 $0 in the first year
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Bankwest
Zero Platinum Mastercard
17.99% p.a.
2.99% p.a. for 9 months and then 17.99% p.a.
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Westpac
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13.74% p.a.
0% p.a. for 20 months and then 21.49% p.a. (1.00% balance transfer fee)
$59
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CUA
Platinum Credit Card
19.99% p.a.
0% p.a. for 13 months and then 21.74% p.a.
$149 $0 in the first year
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Bank of Melbourne
Vertigo
0% p.a. for 7 months then 13.99% p.a.
0% p.a. for 22 months and then 21.49% p.a. (1.50% balance transfer fee)
$55 $0 in the first year
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NAB
Low Rate Card
12.99% p.a.
0% p.a. for 20 months and then 21.74% p.a. (2.00% balance transfer fee)
$59
