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 right platinum credit card deal for you, simply hit the 'go to site' button to be transfered to the platinum provider.
Page last updated January 25, 2020
Promoted
0% p.a. on balance transfers for 26 months (2% BT fee applies). Streamline your budget with a low ongoing interest rate of 12.99% p.a. Plus, enjoy complimentary overseas travel insurance as well. T&Cs Apply
12.99% p.a.
$99 $49 in the first year
-
Travel Insurance,
Extended Warranty,
Purchase Protection
-
12.99% p.a.
0% p.a. for 26 months and then 12.99% p.a. (2.00% balance transfer fee)
21.99% p.a.
55
$99 $49 in the first year
2%, Min $4.00
0%
$25.00
$0.00
Apple Pay, Google Pay, Payment Ring
• Travel Insurance
• Extended Warranty
• Purchase Protection
Read our Mozo Review to learn more about the Breeze Platinum Mastercard
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Promoted
Receive 55,000 bonus Qantas Points when you apply online, are approved and spend $3,000 on your new Card within the first 3 months.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 2019.^ 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
NABs fastest way to earn Qantas Points. 120,000 bonus Qantas Points when you spend $3,000 on everyday purchases within 60 days of account opening and keep the card open for 12 months
19.99% p.a.
$395 $295 in the first year
Qantas Frequent Flyer
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
$395 $295 in the first year
2%, Min $2.50
3.00%
$15.00
$0.00
Apple Pay, Google Pay, Samsung Pay, Garmin, Fitbit
• Concierge
• Travel Insurance
• Extended Warranty
• Purchase Protection
• Guaranteed Pricing
• Domestic Hotel Burglary Insurance
Qantas Frequent Flyer
Read our Mozo Review to learn more about the Qantas Rewards Signature Card
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Promoted
This card boasts no annual fee and the option to pay with the Bankwest Halo payment ring. Plus, with no foreign transaction fees and complimentary travel insurance its a great pick for spending on your globetrotting adventures. Winner of a Mozo Experts Choice Award 2019 in the No Annual Fee Platinum Credit Card category^.
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17.99% p.a.
2.99% p.a. for 9 months and then 17.99% p.a.
21.99% p.a.
55
$0
2%, Min $4.00
0%
$25.00
$0.00
Apple Pay, Google Pay, Payment Ring
• Extended Warranty
• Purchase Protection
• Overseas Travel Insurance
Read our Mozo Review to learn more about the Zero Platinum Mastercard
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Promoted
Receive 30,000 Reward Points or 15,000 Qantas Points after spending $750 outside David Jones in the first three months of becoming a Card Member.
20.74% p.a.
$295
Membership Rewards
Travel Insurance,
Extended Warranty,
Purchase Protection,
Account alerts by SMS
-
20.74% p.a.
No current offer
44
$295
3.00%
$30.00
$0.00
Apple Pay, Google Pay, Samsung Pay
• Travel Insurance
• Extended Warranty
• Purchase Protection
• Account alerts by SMS
Membership Rewards
Read our Mozo Review to learn more about the American Express Platinum 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
17.49% p.a.
$125 $0 when you spend over $35,000 p.a
Heritage Credits
Concierge,
Travel Insurance,
Extended Warranty,
Purchase Protection,
Guaranteed Pricing
-
17.49% p.a.
No current offer
19.49% 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
Receive 100,000 bonus Velocity Points when you apply online by 12 February 2020, are approved and spend $3,000 on your new Card within the first 3 months. Enjoy a complimentary domestic return flight with Virgin Australia to selected cities, each year after your first card spend. Credit Card Provider of the Year in the Mozo Experts Choice Awards 2019.^
20.74% p.a.
$375
Velocity 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)
55
$375
3.00%
$30.00
$0.00
Apple Pay, Google Pay, Samsung Pay
• Travel Insurance
• Purchase Protection
• Account alerts by SMS
Velocity Frequent Flyer
Read our Mozo Review to learn more about the Velocity Platinum Card
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Promoted
Earn up to 90,000 bonus Velocity Points (minimum spend applies) plus snag a $129 Virgin Australia Gift Voucher and two free Virgin Australia domestic Lounge passes each year to kickstart your travel adventures.
20.74% p.a.
$289
Velocity Frequent Flyer
Concierge,
Travel Insurance,
Extended Warranty,
Purchase Protection,
Guaranteed Pricing
-
20.74% p.a.
0% p.a. for 15 months and then 20.99% p.a.
20.99% p.a.
44
$289
2.7%, Min $2.70
3.30%
$30.00
$89.00
Samsung Pay
• Concierge
• Travel Insurance
• Extended Warranty
• Purchase Protection
• Guaranteed Pricing
Velocity Frequent Flyer
Read our Mozo Review to learn more about the Virgin Australia Velocity High Flyer Card
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Want more? Compare all 227 credit cards in the Mozo comparison engine.
Compare more credit cards^See information about the Mozo Experts Choice Credit Cards Awards
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.
Best credit card ever.
Read full reviewBest credit card ever.
My credit card has been victim of fraud on a number of occasions and NAB have been all over it. They are quick to de-activate the card and replace it with a new one and have always refunded the fraud purchases in full in a timely manner.
Read full reviewMy credit card has been victim of fraud on a number of occasions and NAB have been all over it. They are quick to de-activate the card and replace it with a new one and have always refunded the fraud purchases in full in a timely manner.
BCU are the best with their credit card which was proven when mine was fraudulently used by an overseas company in Spain to pay for Air Fares. I do not have a passport and have never been out of Australia and did not authorise anyone paying $980 for an Air Fare. BCU followed up on this and refunded me much to my great pleasure.
Read full reviewBCU are the best with their credit card which was proven when mine was fraudulently used by an overseas company in Spain to pay for Air Fares. I do not have a passport and have never been out of Australia and did not authorise anyone paying $980 for an Air Fare. BCU followed up on this and refunded me much to my great pleasure.
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