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Receive 100,000 bonus Velocity Points when you apply online by 30 April 2025, are approved, and spend $3,000 on eligible purchases on your new American Express Velocity Platinum Card within the first 3 months. T&Cs apply. Available to new American Express Card Members only.
Receive 100,000 bonus Velocity Points when you apply online by 30 April 2025, are approved, and spend $3,000 on eligible purchases on your new American Express Velocity Platinum Card within the first 3 months. T&Cs apply. Available to new American Express Card Members only.
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0% balance transfer and no BT fees for 36 months. With 110 days interest free on your spending, this card is pretty unique in the market, and great for managing your daily spend. Plus, no foreign transaction fees overseas or online.
0% balance transfer and no BT fees for 36 months. With 110 days interest free on your spending, this card is pretty unique in the market, and great for managing your daily spend. Plus, no foreign transaction fees overseas or online.
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120,000 bonus points when you spend $4,000 within 90 days from card approval. Complimentary features like travel insurance and concierge.
120,000 bonus points when you spend $4,000 within 90 days from card approval. Complimentary features like travel insurance and concierge.
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Receive 100,000 bonus Suncorp Credit Card Rewards Points when you spend $3,000 on Eligible Transactions in the first 90 days from approval (T&Cs apply). Be rewarded for your purchases and enjoy premium benefits such as complimentary insurances.
Receive 100,000 bonus Suncorp Credit Card Rewards Points when you spend $3,000 on Eligible Transactions in the first 90 days from approval (T&Cs apply). Be rewarded for your purchases and enjoy premium benefits such as complimentary insurances.
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Save with deals from the following well-known brands and many more...
See more credit card providersIf 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.
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.
No rewards for both credit cards therefore I am Looking at other banks that offer rewards system for card usage
Read full reviewNo rewards for both credit cards therefore I am Looking at other banks that offer rewards system for card usage
Have always been pleased with the customer service- this is really important to me. You can speak to a human!
Read full reviewHave always been pleased with the customer service- this is really important to me. You can speak to a human!
I like Westpac because it is one of Australia's most established and trusted banks, offering a wide range of financial services that cater to both personal and business needs. Their digital banking platform is user-friendly and packed with features that make managing finances easy, from budgeting tools to seamless payments. I also appreciate their extensive branch and ATM network, which provides convenience for in-person banking when needed. Additionally, Westpac’s commitment to sustainability and ethical practices aligns with my values, making me feel good about banking with them. However, one downside is that their fees can be on the higher side compared to some competitors, and at times, the customer service experience can be inconsistent, particularly during peak periods. Despite these minor drawbacks, I find that the overall benefits and reliability of Westpac outweigh the negatives.
Read full reviewI like Westpac because it is one of Australia's most established and trusted banks, offering a wide range of financial services that cater to both personal and business needs. Their digital banking platform is user-friendly and packed with features that make managing finances easy, from budgeting tools to seamless payments. I also appreciate their extensive branch and ATM network, which provides convenience for in-person banking when needed. Additionally, Westpac’s commitment to sustainability and ethical practices aligns with my values, making me feel good about banking with them. However, one downside is that their fees can be on the higher side compared to some competitors, and at times, the customer service experience can be inconsistent, particularly during peak periods. Despite these minor drawbacks, I find that the overall benefits and reliability of Westpac outweigh the negatives.
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