Hey big spender... Platinum credit cards bring all the lovely perks of higher credit limits, super-charged rewards programs and concierge services. Of course, they tend to bring hefty interest rates, too, so you'll want to pay off that platinum card balance.
Read moreAside from the Gordon Gecko thrill of having a platinum credit card on your person, you could also have access to credit card rewards programs and accelerated points-per-dollar deals, special deals for dining and travel, as well as concierge services.
Not so long ago, you actually couldn't. Now, thanks to Mozo's world-first Rewards Revealer, you can find out the value of your credit spend for various frequent flyers, cash back, across the platinum credit card market.
Indeed you can. Once you've selected the best platinum credit card deal, simply hit the 'go to site' button to be transfered to the platinum provider.
Page last updated September 20, 2019
Promoted
0% p.a. balance transfer, $0 annual fee for the first year and also receive 1 rewards point for every dollar spent. Concierge service and purchase protection insurance.
19.99% p.a.
$149 $0 in the first year
Life Rich Rewards
Concierge,
Travel Insurance,
Purchase Protection
-
19.99% p.a.
0% p.a. for 13 months and then 21.74% p.a.
21.74% p.a.
55
$149 $0 in the first year
2.00%, Min $3.50
3.40%
$12.50
$0.00
Apple Pay, Google Pay, Samsung Pay
• Concierge
• Travel Insurance
• Purchase Protection
Life Rich Rewards
Read our Mozo Review to learn more about the Platinum Credit Card
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Promoted
Apply By 31 October 2019
Receive up to 120,000 points (20,000 points each month for the first 6 months when spending more than $1.5k each month). $50 Wine voucher & 0% p.a. on balance transfers for 18 months.
-
19.99% p.a.
0% p.a. for 18 months and then 21.99% p.a.
21.99% p.a.
55
$299 $199 in the first year
3%, min $3.00
3.00%
$30.00
$50.00
-
• Concierge
• Travel Insurance
Qantas Frequent Flyer
Read our Mozo Review to learn more about the Qantas Premier Platinum
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Promoted
Apply By 31 December 2019
0%p.a. interest on all purchases and balance transfers for the first 22 months (no BT fee). No bank transfer fee. Conditions apply. Plus, two airport lounge passes every year.
0% p.a. for 12 months then 19.99% p.a.
$129 Refunded when you spend over $6,000 p.a
Rewards Plus
Concierge,
Travel Insurance,
Extended Warranty,
Purchase Protection
0% p.a. for 12 months
19.99% p.a.
0% p.a. for 22 months and then 21.99% p.a.
21.99% p.a.
55
$129 Refunded when you spend over $6,000 p.a
3%, min $4.00
3.00%
$30.00
$0.00
Apple Pay, Google Pay
Access to the Home&Away Privilege Program to receive discounts and benefits.
• Concierge
• Travel Insurance
• Extended Warranty
• Purchase Protection
Rewards Plus
Read our Mozo Review to learn more about the Platinum Credit Card
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Promoted
For a limited time score 100,000 bonus Qantas Points when you apply online by 9 October 2019, are approved and spend $3,000 on your new card within the first 3 months. This offer is available to new card members only. For eligibility, simply earn above $65,000 and have a good credit score. Credit Card Provider of the Year in the Mozo Experts Choice Awards 2018.^ T&C’s apply
20.74% p.a.
$450
Qantas Frequent Flyer
Travel Insurance,
Purchase Protection,
Account alerts by SMS
-
20.74% p.a.
0% p.a. for 12 months and then 20.74% p.a. (1.00% balance transfer fee)
44
$450
3.00%
$30.00
$0.00
Apple Pay, Google Pay, Samsung Pay
Complimentary Qantas Wine Premium Membership.
• Travel Insurance
• Purchase Protection
• Account alerts by SMS
Qantas Frequent Flyer
Read our Mozo Review to learn more about the Qantas Ultimate Card
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Promoted
Enjoy exclusive privileges, including a rewards scheme that allows you to claim your points through retail rewards, like gift of shopping cards. Up to 55 days interest free for your Visa purchases
17.74% p.a.
$125 $0 when you spend over $35,000 p.a
Heritage Credits
Concierge,
Travel Insurance,
Extended Warranty,
Purchase Protection,
Guaranteed Pricing
-
17.74% p.a.
No current offer
19.74% p.a.
55
$125 $0 when you spend over $35,000 p.a
2%, Min $2.50
3.00%
$20.00
$0.00
Google Pay, Samsung Pay, Garmin Pay, Fitbit Pay
• Concierge
• Travel Insurance
• Extended Warranty
• Purchase Protection
• Guaranteed Pricing
Heritage Credits
Read our Mozo Review to learn more about the Platinum
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Promoted
$0 annual fee in the first year and 0.0% p.a. first 18 months on balance transfers with a 2% Balance Transfer fee. 55 days interest free days on purchases when you pay your account in full each month. Includes complimentary insurances. A minimum credit limit of $6,000 applies. Winner Mozo Expert Choice Award 2018 - Premium Card Benefits.0.0
20.24% p.a.
$87 $0 when you spend over $20,000 p.a, $0 in the first year
-
Concierge,
Travel Insurance,
Extended Warranty,
Purchase Protection,
Rental Car Excess Cover,
Guaranteed Pricing
-
20.24% p.a.
0% p.a. for 18 months and then 20.24% p.a. (2.00% balance transfer fee)
20.24% p.a.
55
$87 $0 when you spend over $20,000 p.a, $0 in the first year
2%
3.00%
$20.00
$0.00
Apple Pay, Google Pay, Samsung Pay, Garmin, Fitbit
• Concierge
• Travel Insurance
• Extended Warranty
• Purchase Protection
• Rental Car Excess Cover
• Guaranteed Pricing
Read our Mozo Review to learn more about the Platinum
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Promoted
Up to 60,000 bonus points (T&Cs apply). Also get 1 NAB reward point for every $1 spent on everyday purchases.
19.99% p.a.
$195
NAB Rewards
Concierge,
Travel Insurance,
Extended Warranty,
Purchase Protection,
Guaranteed Pricing,
Domestic Hotel Burglary Insurance
-
19.99% p.a.
0% p.a. for 6 months and then 21.74% p.a. (2.00% balance transfer fee)
21.74% p.a.
44
$195
2%, Min $2.50
3.00%
$15.00
$0.00
Apple Pay, Google Pay, Samsung Pay, Garmin, Fitbit
Redeem NAB Rewards points via Webjet to book flights with any airline.
• Concierge
• Travel Insurance
• Extended Warranty
• Purchase Protection
• Guaranteed Pricing
• Domestic Hotel Burglary Insurance
NAB Rewards
Read our Mozo Review to learn more about the Rewards Platinum Card
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Promoted
Streamline your budget with a low ongoing interest rate, up to 55 interest free days and 0% p.a. on balance transfers for 26 months. Plus, travel with free international travel insurance for you and your family by buying your tickets on your card.
9.90% p.a.
$99 $0 in the first year
-
Concierge,
Travel Insurance,
Extended Warranty,
Purchase Protection
-
9.90% p.a.
0% p.a. for 6 months and then 9.90% p.a. (2.00% balance transfer fee)
21.99% p.a.
55
$99 $0 in the first year
2%, Min $4.00
0%
$25.00
$0.00
Apple Pay, Google Pay, Payment Ring
• Concierge
• Travel Insurance
• Extended Warranty
• Purchase Protection
Read our Mozo Review to learn more about the Breeze Platinum Mastercard
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Promoted
Get 50,000 bonus Qantas Points and $100 back to your new ANZ Frequent Flyer Platinum card when you spend $2,000 on eligible purchases in the first 3 months. Eligibility criteria, T&Cs, fees and charges apply. Winner Mozo Expert Choice Award 2018 - Premium Card Benefits.^
20.24% p.a.
$295
Qantas Frequent Flyer
Concierge,
Travel Insurance,
Extended Warranty,
Purchase Protection,
Rental Car Excess Cover,
Guaranteed Pricing
-
20.24% p.a.
No current offer
20.24% p.a.
55
$295
2%
3.00%
$20.00
$65.00
Apple Pay, Google Pay, Samsung Pay, Garmin, Fitbit
$100 back to your card after $2,000 spend on eligible purchases in the first 3 months.
• Concierge
• Travel Insurance
• Extended Warranty
• Purchase Protection
• Rental Car Excess Cover
• Guaranteed Pricing
Qantas Frequent Flyer
Read our Mozo Review to learn more about the Frequent Flyer Platinum
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Want more? Compare all 227 credit cards in the Mozo comparison engine.
^See information about the Mozo Experts Choice Awards for Credit Cards
Views, news, tips and guides to help find the best credit card for you.
If you are looking for some card bling for your wallet, a platinum card could deliver the goods. There was a time when gold cards had all the executive status, but in recent years platinum cards have taken over and now make up the bulk of the premium card market.
Sitting at the top of the credit card pile are black and diamond cards. These cards have higher credit limits, more lucrative rewards programs and stricter eligibility criteria.
Most banks and credit card providers in Australia will have a platinum credit card range and like other card types, there is no standard criteria for what makes up a platinum card. But as platinum cards do generally have higher fees and interest rates than standard credit cards you’ll want to make sure you’re getting more value out of the card than just the thrill of flashing platinum coloured plastic about.
Let’s start with the basics.
A platinum card works the same as other credit cards. You get to make purchases on credit and repay them at a later date. Platinum cards differ from other basic credit cards in that they will have added features like complimentary insurance and personal services like concierge. Many Platinum cards also have rewards programs attached which have better point earning rates than standard rewards cards.
A platinum credit card is a premium level credit card offered to people with good credit history and higher income level (usually over $60,000 p.a.).
As platinum cardholders need to meet higher eligibility criteria, the credit limit on platinum credit cards is also much higher.
There is a reason why there are so many different types of credit cards now available - we all have different spending habits and lifestyle needs. Because platinum cards generally have higher interest rates and annual fees they are best for people who:
Interest rates: The ongoing purchase interest rate of platinum cards tends to be much higher than on standard credit cards.
Annual fee: Annual fees of platinum cards with rewards programs are generally higher than basic cards.
Interest free days: You will get between 44 and 55 interest free days with a platinum credit card, which is the same as standard cards.
Foreign exchange fees: Most banks charge around 3% for foreign credit card transactions, so if you travel overseas or shop at international online stores frequently a platinum card with no foreign exchange fees, like our Experts Choice winners, could help you to save on these fees.
Insurance: Most platinum cards will include complimentary overseas travel insurance, though you must meet the eligibility criteria. Usually you will have to pay for your flight or a portion of your upfront travel costs on the card. Platinum cards also have extra insurances such as extended warranty, price protection and purchase cover insurance.
Rewards: You could accrue rewards points faster with a platinum card than a standard credit card. The points per dollar earning rate could be higher or you may get more bonus points on your purchases. Check out platinum rewards cards here.
Extras: You will have access to concierge services with a platinum card which could include discounts to special events or bookings. Standard cards don’t have this service.
Platinum credit cards have the same set of fees that come with regular credit cards. These include:
A word on frequent flyer programs:
If the platinum credit card is direct linked to an airline frequent flyer program such as Qantas Frequent Flyer or Velocity Frequent Flyer you may have to pay a fee to join the airline program when you sign up for your card.
You’ll be able to apply for a platinum card online and in most instances you will be able to verify your identity online. Some of the identification information you might need will include:
In addition to this information you will need to provide information which confirms your income, current assets and liabilities.
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