Platinum Credit Card card image Mozo experts choice 2020

CUA Platinum Credit Card

Advertiser disclosure
Purchase rate
19.99% p.a.
Balance transfer rate
0% p.a. for 20 months and then 21.74% p.a.
Annual fees
$149 $0 in the first year
Interest free days on purchases
55
Go to site

Mozo editorial review CUA Platinum Credit Card

Last updated: 15 October 2020.

binocular icon
What's hot
  • 1 point per $1 spent, up to 100,000 points per year
  • $0 annual fee in the first year ($149 after)
  • 2020 Mozo Experts Choice Award winner
What's not
  • 3.4% foreign exchange margin
Mozo snapshot

The CUA Platinum Credit Card comes with a number of perks, which are especially relevant to travellers, including concierge, travel insurance and purchase protection insurance. As far as base features go, the $0 annual fee in the first year ($149 after) and 19.99% purchase rate are solid card features. It’s just the relatively high 3.4% foreign exchange margin that travellers need to be wary of.

And if you are looking to pay down your existing debt, you'll be please to know this card won a 2020 Mozo Experts Choice Award for Best Balance Transfer Platinum Credit Card. 

key icon
Key features

Who doesn't like being rewarded? If you’re interested in earning extra rewards from spending on your credit card, then the CUA Platinum Credit Card is worth a look.

The CUA Rich Life Rewards program gives you access to cashback rewards and flight rewards, the flights will need to be redeemed through their online service. You’ll earn 1 point per dollar spent on the card but keep in mind your point earning is capped at 100,000 points per year.

The 24 hour concierge service also helps you organise everything from event tickets, flights, locksmiths and so much more. So if you’re travelling and what help planning and booking some of your days and nights, then this service may make your travel experience all that more fluid.

The card also comes with $15,000 worth of travel insurance, which extends to $30,000 if your with your spouse or dependents, as well as a $0 annual fee in the first year! Just remember that after that, you'll need to budget for a $149 annual fee.

The CUA Platinum Credit Card provides you with automatic purchase protection insurance. So an item under $1,000 you lose, accidentally damage or have stolen could possibly be refunded in full, so you can have that extra peace of mind on your purchases.

If you’re thinking about transferring any other accounts onto this card, then you’ll pleased to hear for the first 20 months the CUA Platinum Credit Card has a 0% balance transfer rate, with 21.74% revert rate.

The card also allows for up to 9 additional card holders all for free, which is great for those intending to share it with their family or close relations.

snapshot
Who is it good for

The travel based perks make the CUA Platinum Credit Card a great option for globetrotters. Between the concierge service and the complimentary travel insurance, you’ll want to pack this one whenever you travel.

question icon
Any catches

While the perks of the card are great for travellers, the relatively high 3.4% foreign exchange margin certainly makes spending large amounts of money overseas less appealing.

Also the card caps points earning at 100,000 points per year, meaning you won’t be able to rack up too many of those cashback or flights rewards every year.

Rewards program details

Rates and fees information correct as at 16 January 2021. 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

-

Fly Sydney to Melbourne one-way

-

$100 Giftcard

25,000 points

$100 Cash

33,400 points

Points earning

1 point per dollar on Mastercard, up to 100000 points per year

Rewards scheme

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

Value of rewards points

Spend $33,400 (Mastercard)

Spend $25,000 (Mastercard)

at 100,000 points yearly

Never

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.

Close

Rate and fee details

Rates
  • 19.99% p.a.

  • none

  • 0% p.a. for 20 months and then 21.74% p.a.

  • yes

  • 21.74% p.a.

  • 55

Fees
  • $149.00

  • $0 in the first year

  • none

  • none

  • $12.50

  • 2.00%, Min $3.50

  • 3.40%

  • $0.00

  • $20.00

  • $0.00

Features
  • $35.00

  • 3.0

  • 9

  • none

Payment options

Apple Pay, Google Pay

Rewards privileges

Travel Insurance,
Purchase Protection

Customer Reviews

How are CUA credit cards rated by the Mozo community?

Overall
7.2/10
Price
6.9/10
Features
6.7/10
Customer service
7.2/10
Convenience
7.2/10
Trust
7.6/10

Latest review of CUA Platinum Credit Card

  • Overall 10/10
    Good value

    Good rates and amazing service. Highly recommended to anyone.

    Read full review

    Good rates and amazing service. Highly recommended to anyone.

    Price
    10/10
    Features
    10/10
    Customer service
    10/10
    Convenience
    10/10
    Trust
    10/10
    Less
    Chris, New South Wales reviewed about 2 years ago
Thumbnail icon for CUA

About CUA

CUA is Australia's largest credit union and an alternative to the big banks, offering financial, health and insurance solutions to over 500,000 Aussies. As a mutual, it's run by members for members, and reinvests in making its service better for customers and supporting local communities. CUA is committed to helping members through life's big changes, so if you want to make a change for the better, check out CUA's range of home loans, personal loans, credit cards, savings accounts and more.

See CUA credit cards

Thumbnail icon for CUA

CUA

Low Rate Credit Card

11.99% p.a.

0% p.a. for 20 months and then 21.74% p.a.

$49 $0 in the first year

Thumbnail icon for Bendigo Bank

Bendigo Bank

Low Rate Credit Card

0% p.a. for 15 months then 11.99% p.a.

No current offer

$45

Thumbnail icon for Bankwest

Bankwest

Breeze Mastercard

10.99% p.a.

0% p.a. for 26 months and then 10.99% p.a. (2.00% balance transfer fee)

$49 $0 in the first year

Thumbnail icon for Westpac

Westpac

Low Rate

13.74% p.a.

0% p.a. for 24 months and then 21.49% p.a. (1.00% balance transfer fee)

$59

Thumbnail icon for ME

ME

frank Credit Card

11.99% p.a.

No current offer

$0

Thumbnail icon for St.George

St.George

Vertigo

13.99% p.a.

0% p.a. for 24 months and then 21.49% p.a.

$55 $0 in the first year

Thumbnail icon for CUA

CUA

Low Rate Credit Card

11.99% p.a.

0% p.a. for 20 months and then 21.74% p.a.

$49 $0 in the first year

Thumbnail icon for Defence Bank

Defence Bank

Foundation Credit Card

3.99% p.a. for 6 months then 8.99% p.a.

3.99% p.a. for 6 months and then 8.99% p.a.

$45

Thumbnail icon for Qantas Money

Qantas Money

Qantas Premier Platinum

19.99% p.a.

0% p.a. for 18 months and then 21.99% p.a. (1.00% balance transfer fee)

$299 $199 in the first year

Qantas Frequent Flyer

Thumbnail icon for American Express

American Express

Qantas Ultimate Card

Qantas Frequent Flyer

$450

100,000

1.25 points uncapped

Thumbnail icon for St.George

St.George

Amplify Signature

Amplify Rewards

$279 $139 in the first year

200,000

1.5 points uncapped

Thumbnail icon for Suncorp

Suncorp

Clear Options Platinum

Suncorp Rewards

$129

100,000

1.25 points uncapped

Thumbnail icon for American Express

American Express

Qantas Premium Card

Qantas Frequent Flyer

$249

80,000

1 point uncapped

Thumbnail icon for Qantas Money

Qantas Money

Qantas Premier Platinum

Qantas Frequent Flyer

$299 $199 in the first year

100,000

1 point up to $10,000/month, then
0.5 points uncapped

Thumbnail icon for Bankwest

Bankwest

Qantas Platinum Mastercard

Qantas Frequent Flyer

$160

30,000

0.75 points up to $2,500/month, then
0.3 points uncapped

Thumbnail icon for BankSA

BankSA

Amplify Signature

Amplify Rewards

$279 $139 in the first year

200,000

1.5 points uncapped

Thumbnail icon for American Express

American Express

Qantas Discovery Card

Qantas Frequent Flyer

$0

No current offer

0.75 points uncapped

Thumbnail icon for Bankwest

Bankwest

Breeze Mastercard

0% p.a. for 26 months and then 10.99% p.a. (2.00% balance transfer fee)

10.99% p.a.

$49 $0 in the first year

Thumbnail icon for Virgin Money

Virgin Money

Virgin Australia Velocity Flyer Card - Balance Transfer Offer

0% p.a. for 26 months and then 20.99% p.a.

20.74% p.a.

$129 $64 in the first year

Velocity Frequent Flyer

Thumbnail icon for St.George

St.George

Vertigo

0% p.a. for 24 months and then 21.49% p.a.

13.99% p.a.

$55 $0 in the first year

Thumbnail icon for Westpac

Westpac

Low Rate

0% p.a. for 24 months and then 21.49% p.a. (1.00% balance transfer fee)

13.74% p.a.

$59

Thumbnail icon for St.George

St.George

Amplify Platinum

0% p.a. for 22 months and then 21.49% p.a. (1.50% balance transfer fee)

0% p.a. for 7 months then 19.74% p.a.

$99 $0 in the first year

Amplify Rewards

Thumbnail icon for CUA

CUA

Low Rate Credit Card

0% p.a. for 20 months and then 21.74% p.a.

11.99% p.a.

$49 $0 in the first year

Thumbnail icon for Bank of Melbourne

Bank of Melbourne

Amplify Platinum

0% p.a. for 15 months and then 21.49% p.a. (1.00% balance transfer fee)

19.74% p.a.

$99

Qantas Frequent Flyer

Thumbnail icon for ANZ

ANZ

Low Rate

0% p.a. for 25 months and then 20.24% p.a. (1.50% balance transfer fee)

12.49% p.a.

$58 $0 in the first year

Thumbnail icon for Bendigo Bank

Bendigo Bank

Low Rate Credit Card

0% p.a. for 15 months then 11.99% p.a.

No current offer

$45

Thumbnail icon for Bankwest

Bankwest

Breeze Mastercard

10.99% p.a.

0% p.a. for 26 months and then 10.99% p.a. (2.00% balance transfer fee)

$49 $0 in the first year

Thumbnail icon for Defence Bank

Defence Bank

Foundation Credit Card

3.99% p.a. for 6 months then 8.99% p.a.

3.99% p.a. for 6 months and then 8.99% p.a.

$45

Thumbnail icon for ME

ME

frank Credit Card

11.99% p.a.

No current offer

$0

Thumbnail icon for St.George

St.George

Vertigo

13.99% p.a.

0% p.a. for 24 months and then 21.49% p.a.

$55 $0 in the first year

Thumbnail icon for CUA

CUA

Low Rate Credit Card

11.99% p.a.

0% p.a. for 20 months and then 21.74% p.a.

$49 $0 in the first year

Thumbnail icon for Westpac

Westpac

Low Rate

13.74% p.a.

0% p.a. for 24 months and then 21.49% p.a. (1.00% balance transfer fee)

$59

Thumbnail icon for Bank of Melbourne

Bank of Melbourne

Vertigo

13.99% p.a.

0% p.a. for 24 months and then 21.49% p.a.

$55 $0 in the first year

Thumbnail icon for Bendigo Bank

Bendigo Bank

Low Rate Credit Card

0% p.a. for 15 months then 11.99% p.a.

No current offer

$45

Thumbnail icon for Bankwest

Bankwest

Breeze Mastercard

10.99% p.a.

0% p.a. for 26 months and then 10.99% p.a. (2.00% balance transfer fee)

$49 $0 in the first year

Thumbnail icon for Westpac

Westpac

Low Rate

13.74% p.a.

0% p.a. for 24 months and then 21.49% p.a. (1.00% balance transfer fee)

$59

Thumbnail icon for ME

ME

frank Credit Card

11.99% p.a.

No current offer

$0

Thumbnail icon for St.George

St.George

Vertigo

13.99% p.a.

0% p.a. for 24 months and then 21.49% p.a.

$55 $0 in the first year

Thumbnail icon for CUA

CUA

Low Rate Credit Card

11.99% p.a.

0% p.a. for 20 months and then 21.74% p.a.

$49 $0 in the first year

Thumbnail icon for Defence Bank

Defence Bank

Foundation Credit Card

3.99% p.a. for 6 months then 8.99% p.a.

3.99% p.a. for 6 months and then 8.99% p.a.

$45

Thumbnail icon for Bankwest

Bankwest

Zero Mastercard

17.99% p.a.

2.99% p.a. for 9 months and then 17.99% p.a.

$0