Purchase rate
20.24% p.a.
Balance transfer rate
No current offer
Annual fees
$95 $0 in the first year
Interest free days on purchases

Mozo editorial review ANZ Rewards Platinum - last updated: 28 April 2022

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What's hot
  • Mozo Experts Choice Award winner 2021
  • Earn 50,000 bonus Rewards Points when you spend $1,500 on eligible purchases in the first 3 months
  • Range of premium card benefits
What's not
  • Late repayment fee
Mozo snapshot

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 2021 Mozo Experts Choice Award for best Premium Card Benefits. Plus if you spend $1,500 on eligible purchases in the first three months, you'll receive 50,000 bonus Rewards Points.

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Key features

With the ANZ Rewards Platinum Card, you'll bag 1.5 ANZ Reward Points per $1 on the first $2,500 you spend per statement period. After that, the earn rate will drop down to 0.5 per $1. Plus, new card holders can receive 50,000 bonus Rewards Points when they spend at least $1,500 on eligible purchases in the first 3 months from approval.

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.

There is an annual card fee of $40 (although this is $0 in the first year) as well as a $55 annual rewards program fee. The card comes with 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 2021 Mozo Experts Choice award

In addition there are the six complimentary insurances that will cover your lifestyle including domestic and 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.

Who is it good for

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.

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Any catches

Just be sure to automate your repayments or you'll be up for a $20 late payment fee.

Rewards program details

Rates and fees information correct as at 19 May 2022. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
What your points get you

Fly Sydney to London return

318,000 points

Fly Sydney to Melbourne one-way

15,600 points

$100 Giftcard

22,225 points

$100 Cash

25,000 points

Points earning

1.5 points per dollar on Visa, up to $2,000 per month, then
0.5 points per dollar on Visa, uncapped

Rewards scheme

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.

Special offers

Earn 50,000 bonus Reward Points on your new card when you spend $1,500 on eligible purchases in the first 3 months from approval.

Value of rewards points

Spend $16,667 (Visa)

Spend $14,817 (Visa)

Spend $10,400 (Visa)

Spend $588,001 (Visa)


36 months

How do we calculate these points?
How do we calculate the rewards?

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.


Rate and fee details


20.24% p.a.


No current offer


21.24% p.a.




$0 in the first year














Payment options

Apple Pay, Google Pay, Samsung Pay, Garmin, Fitbit

Rewards privileges


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