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Platinum reward credit cards

  • Platinum rewards cards are your ticket to top travel and first class rewards perks. From faster rewards earning rates, greater choice of rewards, complimentary travel insurance and personalised concierge services there is a lot to love about platinum plastic.

  • What criteria do I need to meet to get a platinum rewards card?

    Platinum rewards cards are high end cards they are not available to everyone. You will need to be over 18 years, have a near perfect credit rating and also earning above a certain annual income, usually $50,000 or more.

  • Are the rewards progams better with platinum credit cards?

    Yes. Generally platinum cards have accelerated points-per-dollar deals which mean that for every dollar you spend on the card you receive more rewards points. Many platinum cards also have exclusive deals for dining and travel, as well as concierge services.

  • Platinum rewards cards often do not have caps on the number of points, nor do points expire. Check out our guide platinum cards - the inside story.

  • What can points be redeemed for?

    It depends on the reward card program but platinum rewards cards usually have the most choices available to their cardholders. Flights, dining, accommodation, retail rewards and cashback are all available with Visa, Mastercard and Amex platinum cards.

  • How do I compare reward programs for platinum credit cards?

    You can find out the value of your credit spend for various rewards frequent flyers, cashback, giftcards across the platinum credit card market with Mozo's Rewards Revealer tool.

Rewards credit card comparisons on Mozo Rates updated daily

  • American Express Velocity Platinum Card

    American Express Velocity Platinum Card

    • 0% p.a. on balance transfers for the first 12 months
    • Earn up to 3 points per dollar spent on eligible purchases
    • Earn up to 50,000 bonus Velocity Points

    points per $ spent

    1 point per dollar on Amex, uncapped

    spend req Syd-Mel flight*

    $6,900

    annual fees

    $349

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    More info

    • 0% p.a. on balance transfers for the first 12 months
    • Earn up to 3 points per dollar spent on eligible purchases
    • Earn up to 50,000 bonus Velocity Points
    Product info
    • Interest rate: 20.74%
    • Intro rate:
    • Interest rate on cash withdrawals:
    • Interest free days: 44
    • Rewards program: Velocity Rewards
    • Bonus points: Earn 3 points per dollar for eligible purchases at Virgin Australia, and tens of thousands of restaurants in Australia; 2 points per dollar for various travel and foreign currency purchases; 1 point per dollar at all other providers; except 0.5 points per dollar at utilities, insurance, telecommunications, and government bodies.
    • Balance transfer rate: 0% for 12 months (1.00% balance transfer fee)
    • Filght options: Flights available with Virgin, Air New Zealand, Etihad Airways, Singapore Airlines and other partners.
    • Expiry: Never
    • Points earning: 1 point per dollar on Amex, uncapped
    • Points required: 6900 points buys a Virgin Australia Syd-Mel flight
      125000 points buys a Velocity partner London flight
      18000 points buys a Myer $100 Gift Card
    Overall rating

    7.3

    Based on 255 American Express rewards credit card reviews

    Need more information?
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  • Virgin Money Virgin Australia Velocity High Flyer Card

    Virgin Money Virgin Australia Velocity High Flyer Card

    • 1.9% p.a. for 12 months on balance transfers
    • Earn up to 20,000 bonus Velocity Points
    • 1/2 annual fee in the first year

    points per $ spent

    1.25 points per dollar on Visa, uncapped

    spend req Syd-Mel flight*

    $5,520

    annual fees

    $289 $144 in the first 1 year

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    More info

    • 1.9% p.a. for 12 months on balance transfers
    • Earn up to 20,000 bonus Velocity Points
    • 1/2 annual fee in the first year
    Product info
    • Interest rate: 20.74%
    • Intro rate:
    • Interest rate on cash withdrawals: 20.99%
    • Interest free days: 44
    • Rewards program: Velocity Rewards
    • Bonus points:
    • Balance transfer rate: 1.90% for 12 months and then 20.99%
    • Filght options: Exclusive Reduced Flights Benefit when you and a friend travel together on Virgin Australia domestic Saver fares up to 4 times a year.
    • Expiry: Never
    • Points earning: 1.25 points per dollar on Visa, uncapped
    • Points required: 6900 points buys a Virgin Australia Syd-Mel flight
      125000 points buys a Velocity partner London flight
      18000 points buys a Myer $100 Gift Card
    Overall rating

    5.7

    Based on 97 Virgin Money rewards credit card reviews

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  • American Express Platinum Edge Credit Card

    American Express Platinum Edge Credit Card

    • $195 annual fee
    • Complimentary domestic economy return flight
    • Up to 3 points per dollar spent on eligible purchases

    points per $ spent

    1 point per dollar on Amex, uncapped

    spend req Syd-Mel flight*

    $6,900

    annual fees

    $195

    Go to site

    More info

    • $195 annual fee
    • Complimentary domestic economy return flight
    • Up to 3 points per dollar spent on eligible purchases
    Product info
    • Interest rate: 20.74%
    • Intro rate:
    • Interest rate on cash withdrawals:
    • Interest free days: 55
    • Rewards program: Ascent Membership Rewards
    • Bonus points: Earn 3 points per $1 at major supermarkets, 2 points per $1 at major petrol stations. 1 point per $1 on all other purchases excluding insurance, telecommunications, and government where you earn 0.5 points per $1
    • Balance transfer rate: 0% for 12 months (1.00% balance transfer fee)
    • Filght options: Transfer your points to 8 airline programs, including Virgin Velocity, or book direct with your dedicated travel service or travel agents including Harvey World Travel and Webjet.
    • Expiry: Never
    • Points earning: 1 point per dollar on Amex, uncapped
    • Points required: 1 points buys 1 Velocity Points; 6900 Velocity Points buys a Virgin Australia Syd-Mel flight
      1 points buys 1 Velocity Points; 125000 Velocity Points buys a Velocity partner London flight
      13500 points buys a Myer $100 Gift Card
      14500 points buys a $100 credit
    Overall rating

    7.3

    Based on 255 American Express rewards credit card reviews

    Need more information?
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  • ANZ Rewards Platinum

    ANZ Rewards Platinum

    • 50,000 Reward Points when you spend $2,500 on eligible purchases within the first three months
    • No Annual fee for the first year
    • Terms and conditions, fees and charges apply

    points per $ spent

    3 points per dollar on Amex, 1.5 points per dollar on Visa, uncapped

    spend req Syd-Mel flight*

    $4,600 (on Amex, or $9,200 on Visa)

    annual fees

    $149 $0 in the first 1 year

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    • 50,000 Reward Points when you spend $2,500 on eligible purchases within the first three months
    • No Annual fee for the first year
    • Terms and conditions, fees and charges apply
    Product info
    • Interest rate: 18.79%
    • Intro rate:
    • Interest rate on cash withdrawals: 20.99%
    • Interest free days: 55
    • Rewards program: ANZ Rewards
    • Bonus points: Earn bonus points at over 30 bonus partners.
    • Balance transfer rate:
    • Filght options: You can get flights via Velocity, Air New Zealand or KrisFlyer.
    • Expiry: 36 months
    • Points earning: 3 points per dollar on Amex, 1.5 points per dollar on Visa, uncapped
    • Points required: 1 points buys 0.5 Velocity Points; 6900 Velocity Points buys a Virgin Australia Syd-Mel flight
      1 points buys 0.5 Velocity Points; 125000 Velocity Points buys a Velocity partner London flight
      22225 points buys a Myer $100 Gift Card
      25000 points buys a $100 credit
    Overall rating

    6.9

    Based on 1932 ANZ rewards credit card reviews

    Need more information?
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  • Bankwest Zero Platinum MasterCard

    Bankwest Zero Platinum MasterCard

    • No annual fee
    • Complimentary credit card international travel insurance for you and your family
    • No transaction fees on overseas purchases

    points per $ spent

    spend req Syd-Mel flight*

    annual fees

    $0

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    More info

    • No annual fee
    • Complimentary credit card international travel insurance for you and your family
    • No transaction fees on overseas purchases
    Product info
    • Interest rate: 17.99%
    • Intro rate:
    • Interest rate on cash withdrawals: 21.99%
    • Interest free days: 55
    • Rewards program:
    • Bonus points:
    • Balance transfer rate: 2.99% for 9 months
    • Filght options:
    • Expiry:
    • Points earning:
    • Points required:


    Overall rating

    7.7

    Based on 298 Bankwest rewards credit card reviews

    Need more information?
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  • ANZ Rewards Black

    ANZ Rewards Black

    • 75,000 Reward Points when you spend $2,500 on eligible purchases within the first three months
    • No Annual fee for the first year
    • Terms and conditions, fees and charges apply

    points per $ spent

    3 points per dollar on Amex, 2 points per dollar on Visa, uncapped

    spend req Syd-Mel flight*

    $4,600 (on Amex, or $6,900 on Visa)

    annual fees

    $375 $0 in the first 1 year

    Go to site

    More info

    • 75,000 Reward Points when you spend $2,500 on eligible purchases within the first three months
    • No Annual fee for the first year
    • Terms and conditions, fees and charges apply
    Product info
    • Interest rate: 18.79%
    • Intro rate:
    • Interest rate on cash withdrawals: 20.99%
    • Interest free days: 55
    • Rewards program: ANZ Rewards
    • Bonus points: Earn bonus points at over 30 bonus partners.
    • Balance transfer rate:
    • Filght options: You can get flights via Velocity, Air New Zealand or KrisFlyer.
    • Expiry: 36 months
    • Points earning: 3 points per dollar on Amex, 2 points per dollar on Visa, uncapped
    • Points required: 1 points buys 0.5 Velocity Points; 6900 Velocity Points buys a Virgin Australia Syd-Mel flight
      1 points buys 0.5 Velocity Points; 125000 Velocity Points buys a Velocity partner London flight
      22225 points buys a Myer $100 Gift Card
      25000 points buys a $100 credit
    Overall rating

    6.9

    Based on 1932 ANZ rewards credit card reviews

    Need more information?
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  • Westpac Altitude Platinum - Online Only Offer (Rewards)

    Westpac Altitude Platinum - Online Only Offer (Rewards)

    • Enjoy 0% p.a. for 3 months on purchases from card approval
    • 0% p.a. for 20 months on balance transfers at card application (2% balance transfer fee)
    • Complimentary insurance cover

    points per $ spent

    2 points per dollar on Amex, 1 point per dollar on Visa, up to 7500 points per month

    spend req Syd-Mel flight*

    $6,900 (on Amex, or $13,800 on Visa)

    annual fees

    $150

    Go to site

    More info

    • Enjoy 0% p.a. for 3 months on purchases from card approval
    • 0% p.a. for 20 months on balance transfers at card application (2% balance transfer fee)
    • Complimentary insurance cover
    Product info
    • Interest rate: 20.24%
    • Intro rate: 0% for 3 months
    • Interest rate on cash withdrawals: 20.74%
    • Interest free days: 45
    • Rewards program: Rewards
    • Bonus points: Bonus points available at a range of partner merchants including Altitude Travel, hotels and more.
    • Balance transfer rate: 0% for 20 months and then 20.74% (2.00% balance transfer fee)
    • Filght options: You can get flights via Velocity, Air New Zealand Air Points, Enrich or Krisflyer programs, or by booking through Altitude Travel.
    • Expiry: Never
    • Points earning: 2 points per dollar on Amex, 1 point per dollar on Visa, up to 7500 points per month
    • Points required: 1 points buys 0.5 Velocity Points; 6900 Velocity Points buys a Virgin Australia Syd-Mel flight
      1 points buys 0.5 Velocity Points; 125000 Velocity Points buys a Velocity partner London flight
      19000 points buys a Myer $100 Gift Card
      25000 points buys a $150 Annual Fee Rebate
    Overall rating

    7.2

    Based on 1431 Westpac rewards credit card reviews

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  • Bankwest Qantas Platinum MasterCard

    Bankwest Qantas Platinum MasterCard

    • Receive up to 8,000 introductory bonus Qantas Points
    • Up to 0.75 Qantas Points for every $1 spent on eligible purchases
    • Complimentary Credit Card Travel Insurance

    points per $ spent

    0.75 points per dollar on MasterCard, up to 200000 points per year

    spend req Syd-Mel flight*

    $10,667

    annual fees

    $160

    Go to site

    More info

    • Receive up to 8,000 introductory bonus Qantas Points
    • Up to 0.75 Qantas Points for every $1 spent on eligible purchases
    • Complimentary Credit Card Travel Insurance
    Product info
    • Interest rate: 20.49%
    • Intro rate:
    • Interest rate on cash withdrawals: 21.99%
    • Interest free days: 55
    • Rewards program: Qantas Frequent Flyer
    • Bonus points:
    • Balance transfer rate: 2.99% for 9 months
    • Filght options: All rewards are redeemed via Qantas Frequent Flyer.
    • Expiry: Never
    • Points earning: 0.75 points per dollar on MasterCard, up to 200000 points per year
    • Points required: 8000 points buys a Qantas Syd-Mel flight
      120000 points buys a Qantas London flight
      17250 points buys a Myer $100 Gift Card
    Overall rating

    7.7

    Based on 298 Bankwest rewards credit card reviews

    Need more information?
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  • ANZ Platinum

    ANZ Platinum

    • 0% p.a. first 18 months on balance transfers, plus 3% Balance Transfer fee*
    • No annual fee in the first year
    • Enjoy complimentary overseas travel and medical insurance

    points per $ spent

    spend req Syd-Mel flight*

    annual fees

    $87 $0 when you spend over $20,000 p.a, $0 in the first 1 year

    Go to site

    More info

    • 0% p.a. first 18 months on balance transfers, plus 3% Balance Transfer fee*
    • No annual fee in the first year
    • Enjoy complimentary overseas travel and medical insurance
    Product info
    • Interest rate: 19.74%
    • Intro rate:
    • Interest rate on cash withdrawals: 21.49%
    • Interest free days: 55
    • Rewards program:
    • Bonus points:
    • Balance transfer rate: 0% for 18 months (3.00% balance transfer fee)
    • Filght options:
    • Expiry:
    • Points earning:
    • Points required:


    Overall rating

    6.9

    Based on 1932 ANZ rewards credit card reviews

    Need more information?
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  • Bankwest More Platinum MasterCard

    Bankwest More Platinum MasterCard

    • 2.99% p.a on balance transfers for 9 months
    • Receive up to 80,000 introductory bonus rewards points
    • No foreign transaction fees on online and overseas purchases

    points per $ spent

    2 points per dollar on MasterCard, up to 400000 points per year

    spend req Syd-Mel flight*

    $20,160

    annual fees

    $140

    Go to site

    More info

    • 2.99% p.a on balance transfers for 9 months
    • Receive up to 80,000 introductory bonus rewards points
    • No foreign transaction fees on online and overseas purchases
    Product info
    • Interest rate: 19.99%
    • Intro rate:
    • Interest rate on cash withdrawals: 21.99%
    • Interest free days: 55
    • Rewards program: More Rewards
    • Bonus points: Bonus points available from selected partner merchants.
    • Balance transfer rate: 2.99% for 9 months
    • Filght options: Rewards are redeemed via Flight Centre or Virgin Australia vouchers.
    • Expiry: 36 months
    • Points earning: 2 points per dollar on MasterCard, up to 400000 points per year
    • Points required: 40320 points required. 28000 points buys a $100 Flight Centre travel voucher; assumed flight cost is $144
      567600 points required. 258000 points buys a $1,000 Flight Centre travel voucher; assumed flight cost is $2200
      28000 points buys a Myer $100 Gift Card
      36000 points buys a $100 credit
    Overall rating

    7.7

    Based on 298 Bankwest rewards credit card reviews

    Need more information?
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  • ANZ Low Rate Platinum

    ANZ Low Rate Platinum

    • 0% p.a. first 18 months on balance transfers, plus 3% Balance Transfer fee*
    • Ongoing interest rate of 13.49% p.a. on purchases
    • Enjoy complimentary overseas travel and medical insurance

    points per $ spent

    spend req Syd-Mel flight*

    annual fees

    $99

    Go to site

    More info

    • 0% p.a. first 18 months on balance transfers, plus 3% Balance Transfer fee*
    • Ongoing interest rate of 13.49% p.a. on purchases
    • Enjoy complimentary overseas travel and medical insurance
    Product info
    • Interest rate: 13.49%
    • Intro rate:
    • Interest rate on cash withdrawals: 21.74%
    • Interest free days: 55
    • Rewards program:
    • Bonus points:
    • Balance transfer rate: 0% for 18 months (3.00% balance transfer fee)
    • Filght options:
    • Expiry:
    • Points earning:
    • Points required:


    Overall rating

    6.9

    Based on 1932 ANZ rewards credit card reviews

    Need more information?
    Go to site

    More info

  • St.George Amplify Platinum (Qantas)

    St.George Amplify Platinum (Qantas)

    • 0% p.a. on purchases for the first 3 months
    • 0% p.a. on balance transfers for 18 months
    • Double points on international spend

    points per $ spent

    0.5 points per dollar on Visa, uncapped

    spend req Syd-Mel flight*

    $16,000

    annual fees

    $99

    Go to site

    More info

    • 0% p.a. on purchases for the first 3 months
    • 0% p.a. on balance transfers for 18 months
    • Double points on international spend
    Product info
    • Interest rate: 19.49%
    • Intro rate: 0% for 3 months
    • Interest rate on cash withdrawals: 20.24%
    • Interest free days: 55
    • Rewards program: Qantas
    • Bonus points: Earn double points at overseas merchants.
    • Balance transfer rate: 0% for 18 months and then 20.24%
    • Filght options: All rewards are redeemed via Qantas Frequent Flyer.
    • Expiry: Never
    • Points earning: 0.5 points per dollar on Visa, uncapped
    • Points required: 8000 points buys a Qantas Syd-Mel flight
      120000 points buys a Qantas London flight
      17250 points buys a Myer $100 Gift Card
    Overall rating

    7.0

    Based on 330 St.George rewards credit card reviews

    Need more information?
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