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 July 23, 2019
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.
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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
Details Close
Promoted
With no annual fee, $0 overseas transaction fees, free WiFi at more than 1 million hotspots around the globe and the option to pay with any mobile or wearable device - could this be the perfect travelling companion? Winner Mozo Expert Choice Award 2018 - Platinum Travel Credit Card.^
-
21.99% p.a.
No current offer
21.99% p.a.
55
$0
3%, min $4
0%
$30.00
$0.00
Apple Pay, Google Pay, Samsung Pay, Fitbit, Garmin
24/7 Concierge Service and Flight Delay Pass, a feature which provides airport lounge passes when registered flights are delayed by more than two hours, additional conditions apply.
• Concierge
Read our Mozo Review to learn more about the Platinum Mastercard
Details Close
Promoted
Apply By 30 September 2019
0%p.a. interest on all purchases and balance transfers for the first 22 months (no BT fee). with no bank transfer fee. Conditions apply. Travel like a high-flier with 2 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
Details Close
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
Details Close
Promoted
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.^
19.99% p.a.
$295
Qantas Frequent Flyer
Concierge,
Travel Insurance,
Extended Warranty,
Purchase Protection,
Rental Car Excess Cover,
Guaranteed Pricing
-
19.99% p.a.
No current offer
21.49% 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
Details Close
Promoted
Save with 0% interest for 14 months on Purchases and 0% p.a. for 14 months on Balance transfers. Plus $49 annual fee for the first year, offer ends 30 September 2019.
0% p.a. for 14 months then 20.74% p.a.
$129 $49 in the first year
Suncorp Rewards
Concierge,
Travel Insurance,
Extended Warranty,
Purchase Protection,
Guaranteed Pricing
0% p.a. for 14 months
20.74% p.a.
0% p.a. for 14 months and then 21.99% p.a.
21.99% p.a.
55
$129 $49 in the first year
3.50%, min $3.50
3.40%
$30.00
$0.00
Apple Pay, Google Pay, Samsung Pay
• Concierge
• Travel Insurance
• Extended Warranty
• Purchase Protection
• Guaranteed Pricing
Suncorp Rewards
Read our Mozo Review to learn more about the Clear Options Platinum
Details Close
Promoted
Receive up to 100,000 bonus Velocity Points when you apply by 15 July 2019, are approved and meet the minimum spend criteria – that’s 25,000 points for each month you spend $1,000 in the first 4 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 2018.^
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
Details Close
Promoted
Apply By 30 September 2019
0%p.a. interest on all purchases and balance transfers for the first 12 months (no BT fee). with no bank transfer fee. Conditions apply. Travel like a high-flier with 2 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 12 months and then 21.99% p.a. (2.00% balance transfer fee)
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
Details Close
Want more? Compare all 228 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.
When their system works normally it's fine, but woe betide if they get it wrong or make a...
Read full review
When their system works normally it's fine, but woe betide if they get it wrong or make a mistake. They are so robotic and impersonal when it comes to dealing with issues. They can't even check our conversation history to see what I actually asked for, which by the way, wasn't a credit card limit reduction which unfortunately will now affect my travel ability.
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Brian | Western Australia
reviewed 27 days ago
Always great customer service. Being with Westpac for over 20 years, I feel a strong sense of...
Read full review
Always great customer service. Being with Westpac for over 20 years, I feel a strong sense of trust and familiarity. However I dislike the fact that I’ve in no way been rewarded for being a long term customer.
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Chere | Western Australia
reviewed 4 months ago
I have been with Commonwealth Bank for 18 years now and they are the best bank to be with.
Read full review
I have been with Commonwealth Bank for 18 years now and they are the best bank to be with.
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Marie | South Australia
reviewed 4 months ago
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