ANZ Platinum Credit Card
Related Products
Let us take you through the features and benefits of the card, and you can decide for yourself whether the ANZ Platinum Credit Card is the right premium card for your needs.
Credit card users who are interested in getting that little bit extra for their money will be perfect customers for the premium range of credits cards like the silver, gold and platinum cards.
Users of premium cards normally enjoy higher credit limits, special customer service treatment, and exciting benefits such as rewards, complimentary insurances, and cash back. ANZ is renowned for providing quality credit card offers, and the ANZ Platinum Credit Card seems to keep up that tradition.
You can also enjoy a $@cc_product_annual_fee_first@ Annual fee in following years if your annual spend exceeds $20,000.
| Product Name | ANZ Platinum Credit Card | |
|---|---|---|
| Balance Transfer Rate | 0% p.a. for 9 months | |
| Interest Rate on Purchases | 19.39% p.a. | |
| Offer end date | 30 June 2013 | |
| Annual Fee | $0 p.a. annual fee for the first year ($87 p.a. thereafter) | |
| Interest Free Period | up to 55 days | |
| Interest Rate on Cash Advances | 20.99% p.a. | |
| Minimum Credit Limit
This is the lowest credit card limit that you can request. It is possible to apply for a higher credit card limit but not a lower one than this figure.
|
$6,000 | |
| Max Credit Limit | $50,000 | |
| Minimum Monthly Repayment | 2% | |
| Credit Card Type | Visa | |
| Late Payment Fee | $20 | |
| Complimentary Travel Insurance | Yes | |
| Available to Temporary Residents | No | |
| Joint Application | No |
ANZ Platinum Credit Card – Features and Benefits
Standard interest rate – 19.39% p.a. – This interest rate corresponds to any new purchases you make on your credit card. Interest is charged each month on any unpaid balance left on your account.
If however there is no unpaid balance on the card, the interest rate is irrelevant as you won’t incur interest charges on your account. A good way to make the most from this interest rate is to simply ensure that any spending you do on your platinum card is totally paid off by the time your billing period is up.
Cash advance rate – 20.99% p.a. – This interest rate relates to any cash transactions that you make. A cash transaction is the term usually used to describe a ATM withdrawal where you actually take money from your credit card account from a machine.
It isn’t unusual to find your cash transaction interest rate is higher than the standard rate of interest on a credit card, and the difference between the rates on the ANZ Platinum Credit Card is not all that dramatic.
Discounted flexible payment options – Plan and pay for your travel in a way that suits you. For purchases such as airfares, hotels or travel agents costing over $500 in a single transaction, you can choose one of two flexible options.
- A discounted purchase rate of 9.99% p.a for 6 months
- Make repayments in set monthly installments over 6, 12 or 18 months at the discounted rate of 9.99% p.a.
Interest free days available – Up to 55 days- Some credit card providers offer a grace period between the time you make a purchase, and the time that purchase is subject to interest charges.
Obviously the longer this interest free period is the more time you have to repay your debt without it being increased by interest. The ANZ card gives you up to 55 interest free days, giving you over a month to pay back any balances without the worry of added costs being applied.
This sort of feature is ideal for customers who are disciplined enough to make their purchases each month, always ensuring the balance is reduced to zero by the time the account statement is calculated.
Annual fee – $0 p.a. annual fee for the first year ($87 p.a. thereafter) – The annual fee charged by your credit card provider goes towards the account management and upkeep of your account.
The annual fee ensures they will make something from you, albeit a nominal fee. What the ANZ Platinum Credit Card does do is give you the opportunity to never have to pay your annual fee if you spend at least $20,000 per year on the card. Those who make regular purchases on the card, and then pay them off in full may well achieve this target most years.
ANZ Platinum Credit Card – Benefits and Other Rewards
Obviously the credit card that has the most features and benefits for the customer will attract the most new business. The ANZ Platinum Credit Card has plenty of exciting benefits that will please even the most picky of premium card users. Let’s have a look at some of what it is store.
Visa Entertainment membership - This special scheme offers members countless special deals on events, and home entertainment equipment. The next time your favourite band is in town you may be the first to hear about it.
Free additional card holders - If you have a loved one that you would like to have equal access to our credit card account then no problem. With the ANZ platinum you can have up to 9 extra card holders without paying a cent extra.
Obviously, the more card holders there are the more chance there is of getting into debt, so you must be sure to keep on top of who is spending what. If need be you may need to revoke the card from any unruly or undisciplined users on your roster.
Purchase warranty – There is nothing worse than buying a brand new piece of electrical equipment, only to have it break the day after the manufacturers warranty expires. To counter this the ANZ card gives you double the original warranty term (up to 12 months) giving you the extra piece of mind that if your item breaks or becomes faulty, you can have it fixed or replaced at no extra cost.
Purchase insurance - If you make a purchase with your ANZ Platinum Credit Card then that item is covered for any loss or damage for 90 days after the purchase. A great peace of mind when spending money on expensive items.
Complimentary car rental insurance - You will be automatically covered by "Rental Excess Cover” when you hire a car from one the major car rental companies in Australia. This cover will reduce your excess if you have an accident. The maximum benefit is up to $5000.
This is especially useful for those who have to commute to work each day, and rely on their cars to get them there.
Overseas Medical and travel insurances – When you travel overseas, medical insurance is a necessary evil. ANZ takes the sting out of the cost of this cover by providing you with travel and medical insurance cover as standard.
ANZ Platinum Credit Card – Extra Bonuses
Platinum concierge service – Everybody likes to be looked after, and as an ANZ Platinum Credit Card holder you will be looked after like royalty.
The special concierge service is there for you 24 hours a day to cater to your every whim. If you need to buy a last minute birthday gift, they can sort it for you. If you want to book tickets for the ballet but don’t know where to start then don’t panic. Once again they will do it for you.
As well as helping you out with the nice things in life they can also help you out in times of need. Broken down and need a cab home? They will order one for you! Now that is service!
Contactless shopping – For purchases under $100 you will be able to pass your card over a special retail card reader and not have to worry about entering a pin number or signing a receipt. This is a feature that makes shopping even quicker and easier than it is already.
Special treats - Fancy being able to get have access to eDine, Secure Sentinel, and the ANZ Wine Club? Great, because as a member you have exclusive access to all three!
Is It For Me?
If you are looking for a premium credit card, with great rates, great service, and an amazing range of benefits then the ANZ Platinum Credit Card is a great choice. As with any new credit card you need to read all the small print, weigh up all the features and benefits, and make sure that your financial standing will allow you to get the most from your card.
After looking at many of the platinum credit card offers available, this one is certainly among the best, and well worth your serious consideration.
Read the ANZ Platinum Credit Card terms and conditions.
| Minimum Income | $50,000 | |
|---|---|---|
| Minimum Age | 18 years of age | |
| Available to Temporary Residents | No | |
| Credit Rating Requirement | Good | |
| Min Credit Limit This is the lowest credit card limit that you can request. It is possible to apply for a higher credit card limit but not a lower one than this figure. | $6,000 | |
| Max Credit Limit | $50,000 |
| Annual Fee | $0 p.a. annual fee for the first year ($87 p.a. thereafter) | |
|---|---|---|
| Minimum Repayment | 2% | |
| Late Payment Fee | $20 | |
| Over Limit Fee | $20 | |
| Overseas Emergency Replacement | $0 | |
| Overseas ATM Balance check | $0 | |
| Overseas ATM Withdrawal | $4 | |
| Foreign Currency Conversion Fee | 3% | |
| Gambling Transactions Allowed | No | |
| Additional Cardholder Fee | $0 | |
| Number of Additional Cardholders | 9 |
Pros
- There is $0 annual fee charged for the first year you have this card. It then reverts to a competitive $87 every year after that except if you spend over $20,000 then the annual fee is waived.
- You can take advantage of flexible repayment options offering discounted rates of interest for set periods of time. This is a great way to plan, budget and save.
Read the ANZ Platinum Credit Card terms and conditions.
Was this content helpful to you? No Yes
Ask a Question About This Card
162 Responses to ANZ Platinum Credit Card
Credit Cards Comparison
* The credit card offers compared on this page are chosen from a range of credit cards CreditCardFinder.com.au has access to track details from and is not representative of all the products available in the market. Products are displayed in no particular order or ranking. The use of terms 'Best' and 'Top' are not product ratings and are subject to our disclaimer. You should consider seeking independent financial advice and consider your own personal financial circumstances when comparing cards.
Can flight points be transferred to any airline of my choice
Hi Walter
There are specific partner airlines that you can transfer to
If you’re already a member with Air New Zealand, Asia Miles™, Singapore Airlines or Velocity, or if you’re considering becoming one, your ANZ Rewards lets you redeem your Reward Points for points or miles in these programs.
Frequent traveller details must be entered online at time of redemption in order to transfer points to the frequent flyer program
Cheers
Jeremy
I am the secondary platinum card holder .I paid my ticket to Bali for 8days with the credit card.Will I be covered for travel insurance my daughter who is also the primary holders daughter will be travelling with me.Are we both covered for travel insurance
Hi June
Thanks for the comment! Here is a brochure on the ANZ Platinum Card Travel Insurance Policy.
Hope this helps.
Cheers
Jeremy
Can I keep this card for less than 12 months without incurring any annual fee?
Can I just pay the minimum monthly balance on purchases for the 5 month period and then pay the outstanding balance in full?
Hi John. Thanks for the question. The annual fee is charged to the first statement when the card is activated. 2.00% of the outstanding balance must be paid each month as a minimum repayment, if not then a late payment fee will be charged. This 2.00% payment is in addition to the 2.9% balance transfer interest. Also, if the balance is not paid in full for two consecutive months then there are no interest free days on purchases made with the card. If you wish to close the account, the balance must be paid in full prior to doing so. Hope this helps.
Hi,
I’m just wondering whether I can cancel the credit card at any time in the first 12 months of having it, or is there a minimum term required?
Hi Kendall
Thanks for your comment
You can certainly cancel your credit card at any time so long as it is paid out in full.
Cheers
Jeremy
Hi,
Can the balance transfer on this card be used to pay out another ANZ credit card?
Thanks,
Hi Kristina
You can only do a balance transfer from a non-ANZ credit card.
Cheers
Jeremy
Hello,
If I sign up for a credit card and cancel it before the 12 month period having paid the card out in full – does this affect my credit rating?
Hi Abbey. What you’re suggesting can be done and will have no negative implications for your credit rating. Thanks for your question.
Can I transfer a balance from a non-Australian credit card (i.e. UK credit card)?
With repayments is there a set Minimum Monthly amount or percentage that has to be paid?
I’m looking for card that allows for variable repayment as 1 month I might pay $500 another $200 then may have a period where I don’t have the cash flow to make that payment just for the month.
Hi Duncan. All credit cards have a minimum monthly repayment, expressed as a percentage and usually 2 – 3%. In the case of the ANZ Platinum Card, it’s 2%. This is a fixed rate; if you don’t make this payment, you will incur a fee. Please refer to our page on the July 1st reforms to credit card statements for information on making the minimum repayment. Thanks for your question.
Do you treat lottery tickets purchases as a normal purchase or “Cash Advance” with fees applying?
Hi Rob,
Good question. Each institution will have its own rules for what it considers to be a cash advance or a purchase. Commonwealth, NAB and Westpac treat gambling purchases as a cash advance while if you use an ANZ card you will be charged the purchase rate of interest. Although you will be charged the purchase rate of interest for your purchase of lottery tickets, it’s worth noting that ANZ do charge a 2% cash advance fee on top of the higher rate of interest.
Cheers,
Jeremy
Can the balance transfer feature be use to pay off a home loan?
hi Jeremy. Thanks for your question and apologies for the delay in getting back to you. Please see this page for the things a credit card can and can’t be used for. Jacob.
Do you have to make minimum payments in the first 6 months or can you pay it all of at the end of month 6 without paying any interest?
Hi Ben. Thanks for your question, sorry for the delay. The minimum repayment is due every statement – every month. If you don’t make this payment, you’re account will go into arrears. Jacob.
The original warranty of my computer is 12 months and the platinum card can give me another 12 months warranty, is it correct?
Hi Ben,
Yes this is correct. One of the advantages of the ANZ Platinum Card is the extended warranty feature. ANZ will double the manufactures Australian warranty by up to 12 months. In order to be eligible for this benefit, the entire purchase must be made on your ANZ Platinum card, it’s not much of a catch, but still worth noting. Thanks for the question. Cheers.
Jeremy
are you able to cancel this card say after 1 month if all payments have been paid.. if so is there a fee
Hi Cameron. Thanks for the question and sorry about how long it’s taken to reply. If you’ve paid the account in full, you can cancel any time and there is no fee for cancelling an account. Jacob.
I already have a balance transfer with ANZ, can I apply for another one on the ANZ Platinum Card ?
Hi,
Balance transfers are not offered between account within the same institution. Thanks.
Cheers,
Jeremy
If the card is paid off in full and account closed within the first year, does the annual fee waiver still apply? That is, I would like to confirm there is no clawback on the $0 annual fee offer if the account is closed within 12 months and before an annual fee would otherwise become payable. Thanks.
Hi Brian. Thanks for your question. The annual fee is waived in the first year, if you pay the card off and cancel it within the first 12 months, you will not incur a charge for the card’s annual fee. Cheers.
Hi,
I’m still wondering about transferring a balance from a non-Australian, ie UK credit card?
Thanks, Sarah
Hi I need a card that will give me access to $10,000 short term say 2 months then I want to cancel the card and also I want to pay the minimum interest. I need the money to finance something until my asset sells. Is this card suitable and can I cancel it without penalty within say 2 months? Thanks, Peter
Hi Peter. Thanks for your question. I’m not sure if the answer is still relevant to you; however, if you pay the account in full, there is no penalty for cancelling a credit card. The credit limit (the amount of money you can access) is determined based on the strength of the applicant – you can elect for a certain amount of credit, but approval is at the lender’s discretion. Jacob.
can i balance transfer from my husband’s Amex card when i apply for this card?
Hi Jessica. For information about transferring a balance from a partners credit card, please refer to our page on, Can I Balance Transfer a Credit Card from my Partner (Husband or Wife). Thanks for your question.
HI, If i am transferring a credit card balance from another non ANZ credit card, and the card has all been used as a cash advance, is that still ok for a balance transfer?
Hi,
Thanks for your question. There will be no issue in bringing the outstanding balance from your previous credit card account to the ANZ Platinum Credit Card provided you meet with the balance transfer conditions stipulating that the amount must be more than $100, less than 95% of your agreed credit limit, your credit rating is good and the account is Australian and not from ANZ.
Cheers,
Jeremy
I have a $100 limit on my Credit Card, am I able to get the same limit with ANZ?
Hi Tina,
It’s difficult to say what your credit limit will be as it’s determined by ANZ who will assess your financial situation during the application process. Cheers.
Jeremy
I am considering transfering my balance of $11,800, mine and my wifes joint annual earnings are $130,000, can you tell me if I would be able to get a $12,500 limit on your card.
Hi Andy. Thanks for your question. Your credit limit is determined by the financial information you supply to the credit card provider when you apply. They will assign a credit limit based on the size of the debt they think you can service.
I would like to know what benefit we can get for FREE CAR RENTAL with HSBC PLATINUM CARD. Can i rent a care for free if my regular car breaks down and for how many days and if any fees are involved in this process.
Hi,
Thanks for the question, the ANZ Platinum Credit Card terms and conditions state that they will reimburse you: “for the amount of any collision excess that you have paid under any vehicle rental agreement(s) that you enter into with a car rental company to hire a vehicle registered in Australia and its offshore territories, where
• you are the hirer, or
• you are a joint hirer and you were driving the hire
car when the accident occurred.” There are excesses involved in some circumstances, please refer to the terms and conditions for further information – found here – http://www.anz.com/documents/au/personal/credit-cards/Platinum-Cards-Insurance-55983.pdf
Cheers,
Jeremy
I already purchased our airline tickets using different credit card with complimentary travel insurance if I want to do balance transfer can i still have a complimentary travel insurance from my previous credit card provider
Hi,
Once you perform a balance transfer you don’t have to close the account, you will have to keep the account open to be eligible for any insurance benefits. Thanks.
Cheers,
Jeremy
To utilise the travel and medical insurance for overseas travel does the air travel need to be paid with the card?
Hi Steve,
The terms and conditions of the ANZ Platinum credit card insurance covers state that: ” In order for you to receive cover under this Policy for your Journey, you must: Continue to be a current holder of a Platinum card account, and - Prior to the commencement of your Journey, purchased with your Platinum account a minimum of $250 for your pre-booked transport costs (airfares and/or cruise) and/or land content (tours, hire cars or other hired transport and accommodation), and – This payment must be debited to your account prior to your departure from Australia. we will not respond to any claim until we have received proof of this payment by you, and you hold a ticket to return you to Australia, and that return must be within six months of the
commencement of your Journey.” Cheers.
Jeremy
ANZ platinum credit card is shown online as offering travel and medical insurance. But I can’t find the details. Can you please direct me? Thanks
Hi Susan,
You can find document outlying the travel insurance terms and conditions here – http://www.anz.com/documents/au/personal/credit-cards/Platinum-Cards-Insurance-55983.pdf Thanks for your question.
Cheers,
Jeremy
Is their a time frame I must keep the card if I apply?
Hi Alice,
There is no set amount of time you must keep the card for once you apply. If you have no outstanding balance on your card you may cancel at any time. Thanks.
Cheers,
Jeremy
I have a anz credit card can I change to a platinum card and balance transfer from another credit provider for the 6 months interest free thanks jan
Hi Jan. Apologies for the delayed response. Yes, this is possible, simply elect that you would like the transfer a balance when you apply online. Thanks.
Does being here on a 457 visa qualify as resident?
Hi Harry,
Thanks for the question. There is anecdotal evidence to suggest that this has not be an issue for people looking to get a credit card in the past. People with a temporary business long stay – standard business sponsorship have been able to obtain one with there employment contract which has the stated yearly income. You may have to go into the bank in person to start the application though. Hope this has helped.
Cheers,
Jeremy
Hi There,
Just wondering with the Interest free period for purchases. Is the interest free period from the time of purchase or from when the card is issued?
Hi Michael,
Thanks for the question. The interest free days on purchases is calculated from the day you make your first purchase. Please refer to our guide ‘what does 55 days interest free really mean?’ found here – http://www.creditcardfinder.com.au/what-does-55-days-interest-free-really-mean.html Hope this helps.
Cheers,
Jeremy
I am considering using this card for a balance transfer. Does this mean my current card with another bank would be cancelled? I have several monthly automatic payments which are attached to that card.
Hi Sam,
Yes, when you perform a balance transfer the old account must be closed and any automatic payments cancelled. Thanks for your question.
Cheers,
Jeremy
Hi Jeremy,
Apologies I should have clarified my question.
“Just wondering with the Interest free period for purchases. Is the interest free period from the time of purchase or from when the card is issued?”
I was referring to the 6 months Interest Free period and not the 55 days interest free offer. Can you please confirm whether the 6 months interest free period is from the date of card issue or date of purchase?
Thanks
If i balance transfer to this card, in 6 months can i balance transfer to another card if there is still an outstanding amount?
Hi,
Yes this is not a problem, provided that the lender you wish to perform a balance transfer to is not the same as your current lender. In some instances, you may not to a balance transfer when they credit card is funded by the same company eg: you can’t do a balance transfer from Suncorp credit cards to Citibank credit cards. Thanks.
Cheers
Jeremy
My partner and i have $8000 collective debt and would like to consolidate it onto one card. does this card have the option of a joint account or does the card go against one name only?
Regards
Grant
Hi Grant,
Thanks for your question. The ANZ Platinum Credit Card does not allow joint account holders. There must be one primary account holder and additional supplementary card holders. The supplementary card holder will be able to make purchases but will have no control over things like the credit limit and closing the account. Cheers.
Jeremy
Hello,
I was wondering if it is possible to do balance transfers from 2 different credit cards onto this card if it is done at the beginning of the process and the combined total is within the allowed limits.
Additionally, how long does this balance transfer process ordinarily take?
Thanks,
David
Hi David,
Thanks for the question. Yes you can transfer the balance from multiple credit cards. Information can be found on our guide here – http://www.creditcardfinder.com.au/can-you-transfer-multiple-credit-cards-with-a-balance-transfer.html – The time frame of approval for a balance transfer is generally the same as your card application. Hope this has helped.
Cheers,
Jeremy
Can I transfers all my balance from multiple credits cards into this card and have 0% interest for the next six months if my credit assessment is approved by your institution. It is compulsory to close all my previous credit accounts after all the balance credit is transferred? And if I start using AnZ platinum card within the 6 months period of balance 0% free do i need to start paying 19.24% interest on the transferred balance or the latest balance (including the old balance) or only the latest purchase without affecting the 6 months 0% free transferred balance. Thanks
Hi,
Thanks for your question, you don’t have to close your old accounts once you perform a balance transfer and any purchase made while you are on the balance transfer period will not effect the balance transfer rate of interest on the amount you have performed a balance transfer on, you will be charged the purchase rate of interest like normal. for information on performing a balance transfer on multiple cards please refer to our guide found here – http://www.creditcardfinder.com.au/can-you-transfer-multiple-credit-cards-with-a-balance-transfer.html
It is also important to note that you will still be subject to minimum credit card repayments on your outstanding balance.
Cheers,
Jeremy
Can this ANZ Platinum credit card be used to pay bills via BPAY and still be eligible for the 0% interest for the first 6 months?
Hi, is this still available? I went to a branch yesterday to make enquiry, and the person I was speaking with said there was no such credit card.
Thanks,
Phoebe
Hi Phoebe,
Thanks for the question. Yes this card is still available. The easiest way to apply is through the link to an ANZ secure application page where you can complete the process in under 20 minutes. Just be sure to have information regarding your assets, liabilities and personal identification handy, cheers.
Jeremy
If i have an existing Platinum Card with ANZ, can i balance transfer funds from another bank onto the ANZ card and be eligible for interest free period?
Hi,
The following is taken from the ANZ balance transfer page:
“1. Call 13 33 33 and press 2 (Monday to Friday, 8am to 8pm AEST). You will need to provide details of the balances to be transferred including:
other bank’s name
card type
account number
BPAY® biller code
amount to be transferred.
2. We will process the funds transfer. This can take up to 3 to 15 business days depending on the institutions the funds are being transferred from1.
3. Once the balance transfer has been successfully processed, the transaction will appear on the transaction listing and also under the heading ‘Accepted Promotions’ on your ANZ credit card statement, which will outline the interest rate and the expiry date of the balance transfer.” Hope this has helped.
Cheers
Jeremy
Does ANZ count personal paypal payments as cash advance or purchases?
HI Scott. Thanks for your question and sorry for the delayed response. When your credit card is linked to your PayPal account, the transaction is treated as a purchase. Jacob.
Is there a minimum time period you can have the card for ?
For Example if I decide after 6 months(and the balance is $0)that i no longer wish to have it is there any costs associated with closing the account?
Hi,
There are no costs associated with closing this account and you are free to close it provided you do not have an outstanding balance on the card. Cheers.
Jeremy
The ‘Free Car Rental’ is a lie. No where on ANZ website it says Free Car Rental.
Its only a ANZ Car Rental Cover which reduces access.
HI Dude.
You’re correct. This card offers car rental excess cover. In the event you have to make a claim, the excess will be reduced set out under the policy terms and conditions. Thanks.
Hi,
Your response to Sam today (19 March, 4:45pm) states that balance transfers necessitate the closing of the external credit card & automatic payments transferred to ANZ.
Years ago, I transferred a balance from CBA to ANZ cc, but didn’t have to close my CBA cc.
Please can you confirm, as I won’t be closing my current account. It totally defeats the purpose, surely, if charges are regularly hitting the new card (the new charges incur 19.24% paid off first).
Many thanks, Nicole
Hi Nicole. Sorry for the delayed response. No, you don’t have to close your old credit card if you transfer a balance to a new credit card. Sorry it’s taken so long to reply. Jacob.
Sorry, I understand that the automatic payments don’t need to be transferred to ANZ, but cancelled. I didn’t do this years ago; have the rules changed?
Thanks,
Nicole
Hi Nicole. Thanks for your question and apologies for the delay in this response. When you transfer the balance from one credit card to another, you don’t need to cancel the account. If you do, you will then need to transfer your direct debit agreements from the old card to the new card. My understanding is that the rules have not changed. Jacob.
Hi,
I applied for this card and was rejected without any reasons being provided. I met the financial criteria provided and when I asked the person on the phone why my application was declined she said she was not able to disclose that. I can only assume that because ANZ knew they wouldn’t make much money out of me (I.e I would have paid the balance within 6 months) and therefore they didn’t want to let me get the card. Is this correct that this line of reasoning forms part of the application process?
Hi David. I feel you pain. I wrote this article after I had a similar situation with Bankwest. Unfortunately there’s little that can be done. Jacob.
Hi,
The T&C’s state the following:
Interest free days do not apply if you do not pay your Closing Balance (which includes any outstanding balance transfers, cash advances, purchases and Promotional Plans) in full by the due date each month. Payments to your account are applied in the order set out in the ANZ Credit Cards Conditions of Use.
Does this mean that the entire closing balance needs to be paid in order the for balances transferred to not incur interest? Or, the minimum payment just needs to be paid?
Thanks,
Sandy
Hi Sandy,
Thanks for the question. Interest free days do not apply if you do not pay your Closing Balance (which includes any outstanding balance transfers, cash advances, purchases and Promotional Plans) in full by the due date each month. This means you will have to pay off the entire balance in order to be eligible for interest free days.
Cheers.
Jeremy
if i am an existing anz visa credit card holder that is not a platinum card can i transfer $ from a virgin credit card to a anz visa platinum?
Hi,
It is possible to bring the balance from an existing card to your ANZ card but to eligible for the balance transfer interest rate you must not be an existing ANZ cardholder. You will also need to meet the application requirements for the ANZ Platinum Card. Cheers.
Jeremy
I currently have an ANZ gold card but would like to close it and apply for this one. Can I do this??
Hi,
You are free to close your account any time provided your credit card is paid in full. You can then apply for the ANZ Platinum Credit Card and will be subject to the application criteria. Cheers.
Jeremy
While your summary says the interest free period is 6 months, the interest charge date starts from purchase date. Which is correct and how are they calculated when the full amount is nit being paid fully in the period, FIFO or LIFO?
Hi An. Sorry for the delayed response. Interest is calculated from the purchase date if the account is not in good standing (the full balance of the card has not been paid in full by the next statement period). If you pay the card in full each month, you won’t get charged any interest on purchases you make on the card as you will receive up to 55 days interest free on purchases. Jacob.
I want to apply for an ANZ Platinum credit card.
Hi Beverly. Please apply via the review and application page. Thanks for your question.
Can I use this card to offset my current home loan by $50000 for 6 months, interest free and and just by paying a $10 card fee?
Hello Emmanuel,
thanks for the question.
Unfortunately the ANZ Platinum Credit Card balance transfer offer can only be used to transfer existing balances from non-ANZ store or credit cards, and not from a home loan.
I hope this helps,
Marc.
Is there a lock in period for this card?
Hi Chris,
Thanks for the question. Provided you have paid your balance in full, you are able to cancel a credit card anytime. Cheers.
Jeremy
i already have an anz card can i transfer that balance to this low interest card
Hi Roberta. Thanks for your question. You cannot transfer the balance from an ANZ credit card to the ANZ Platinum Credit Card taking advantage of the introductory promotional rate of interest. Please refer to this article for the reasons why. Cheers.
Can I get a convenience check as the balance transfer, so that I can use the money as I choose… for situations where a credit card is not what I want to use to purchase?
Hi Phillip. Thanks for your question. The ANZ Platinum Card does not offer a convenience cheque feature – the Citibank Ready Credit Account is one account that does. Cheers.
If I buy hotel accommodation and entertainment and prepay on my VISA Platinum, and then cannot go on that particlar domestic trip, will the VISA 90 day loss clause cover me?
Hello Peter,
thanks for the question!
The 90 day insurance which is complimentary on this card covers items in the event they are lost, stolen or broken. There is however domestic cancellation insurance which provides $1,500 in the event you, or a relative unexpectedly:
– dies;
– is seriously injured; or
– becomes seriously ill.
This is provided you’ve paid for the full amount of the interstate flight using the card, and the trip is under 14 days.
If I was eligible for this card and transferred over $11000, how much would my monthly repayments be?
Hi Jen. The minimum monthly repayment is 2% of the total outstanding balance. Cheers.
If I transfer to this card, can I transfer again after a certain time period, or am I locked to this card until the transfer balance is paid?
Hi Es. You can transfer as many times as you’re approved for a credit card with a promotional balance transfer period. You’re not locked in. Thanks.
I am a current anz Platinum card holder so if I do a balance transfer from another card will I get frequent flyer points on the transfer and what will be the rate on the transferred amount and how long will the rate be effective. Also is there a maximum amount that can be transferred.
Regards
Jenny
Hi Jenny. Thanks for your question. If you’re a CURRENT ANZ Platinum Credit Card holder, you can still carry out a balance transfer to your card from another lender’s credit card. You will be charged a fee of 1% of the total transaction. The following is taken from the ANZ Platinum webpage: ‘For transfers to an existing ANZ credit card, the balance transfer interest rate reverts to the standard variable interest rate applicable to purchases on your card after 12 months from the date the balance transfer request is processed by us (ANZ). Interest accrues on balance transfers from the date the transfer is processed by ANZ.’
Generally speaking, the maximum amount that can be transferred is about 90-95% of your approved credit limit on the credit card you wish to transfer a balance to.
Hope this helps.
I am an existing ANZ credit card holder (low rate/no annual fee card). Can I still apply for this credit card to take up the balance transfer offer?
Hi Jo. In order to transfer a balance from one card to another while taking advantage of the balance transfer introductory offer, the card you’re transferring from can not be related to the card you want to transfer to. So you can’t transfer the balance at a low rate between two ANZ credit cards. Thanks for your question.
What is the fee for cash advances on this card?
Thanks for your question Anon.
ANZ charge a cash advance fee of 2.00% on cash advances on top of the higher rate of interest on cash advances of 20.99%.
Hope this helps!
What is the method of calculating the cost of overseas purchases?
Hello Dewd,
thanks for the question!
The ANZ Platinum Credit Card charges 3% of the value of every overseas purchase. For more information about foreign currency fees this page might be useful.
I hope this helps,
Marc.
Does Your ANZ Platinum Credit Card have a Frequent Flyer enrollment ?
i want to close my EveryDay Rewards Card, but want to keep QF Rewards, I also have HSBC Platinum but I am happy with them because I go overseas to ASIA,
Regards,
John Mooney
Hi John. Thanks for your question. The ANZ Platinum Credit Card does not come with complimentary Qantas Frequent Flyer membership. If you close your everyday rewards card and keep your Qantas Frequent Flyer membership open, you can keep the points and link the account to your HSBC Platinum Qantas Credit Card. Hope this helps.
Can you get Qantas frequent flyer points too??
Hi Jeremy,
If you are after Qantas Frequent Flyer points, perhaps this is a better option for you.
Hope this helps
I have an existing ANZ Frequent Flyer Platinum card, and I have just paid my Annual Fees for it. Can I (a) easily change over to the ANZ Platinum Credit Card and (b) get a proportion of the fees paid for the Frequent Flyer card reimbursed back to me?
Hi Peter. Thanks for your question. Best to contact your lender directly with this question, but in our experience we have not heard of lenders accepting these types of requests. Cheers.
I have my three account with ANZ, should I get any discount in annual fee for ANZ platinum credit card? and is this a reward card?
Hi Nimesh. Thanks for your question. The ANZ Platinum Credit Card does not allow cardholders to earn rewards, but there are a range of benefits like complimentary international travel insurance and Visa Entertainment membership. The ANZ Frequent Flyer Platinum Card is one card that rewards customers for their spending.
Hi – we are currently working overseas but are Australian residents; can we still apply and does the travel insurance still work if we take holidays ? thanks
Hi Julie. According to the ANZ Platinum Credit Card website, the residency application requirements are as follows, ‘You are a permanent Australian resident, earning a minimum annual income of $15,000 if applying for an ANZ Credit Card account. If you require a Platinum credit card account or you are a non-permanent Australian resident, you must earn a minimum annual income of $50,000.’
According to the Platinum Credit Card Insurance Booklet, ‘You hold a ticket to return You to Australia, and that return must be within six months of the commencement of Your Journey. Should You hold a date changeable ticket and You subsequently decide to amend Your itinerary that changes Your travel duration to beyond six months, all cover under this policy will cease immediately from the time You make the change to Your itinerary.’
Thanks for your question.
How long does the Travel Insurance last, ie, if I depart Australia on 1 January…how many days am I covered ? If I originally planned to return to Australia on 28 February but extended my stay until 30 April – would I still be covered as long as the Return Ticket was purchased on the Card ? does the Return Ticket nee to be purchased whilst in Australia ?
Hi Dale. Thanks for question. The ANZ terms and conditions state: ‘Journey – means a continuous and unbroken period of up to six months during which time You are absent from Australia or its Territories. The travel arrangements for the Journey must be booked before You leave Australia or its Territories and must include a fixed date ticket returning You to Australia within six months.’ Cheers.
Does this card provide travel insurance for overseas travel? If so what are the *conditions? Thanks
Hi Julie. Thanks for your question. Complimentary travel and medical insurance is offered with this card. The ANZ website says to be eligible for this policy, ‘To activate cover under the overseas travel and medical insurance Master Policy, you must meet the eligibility criteria: you must be a permanent resident of Australia, have debited at least $250 worth of eligible overseas travel arrangements to your Platinum card account prior to departing Australia, have a current Platinum card account at the date of any claimable event, have a return ticket to Australia and be 80 years of age or under.’
This card also offers rental excess cover and purchase security insurance. For further information please consult the product disclosure statement. Cheers.
With a Platinum Rewards Credit card, if you spend in excess of $500 on accommodation on overseas travel do you receive free Travel insurance? If so to what level? Is my wife covered as well?
Hi Thomas. If your spouse is travelling with you on the journey then they are covered too. According to the Platinum Insurance Cover Terms and Conditions you are covered if, ‘Your Journey, purchased with Your Platinum account a minimum of $250 for Your pre-booked transport costs (airfares and/or cruise) and/or land content (tours, hire cars or other hired transport and accommodation). Cheers.
Hi i have a credit card with westpac and it is $4000 limit. I wish to do a balance transfer for a minimum of 12months to pay it off quicker at a low interest rate. Any options you can advise me of? Thanks
Hi Peter. There are a number of balance transfer credit cards on the market at the moment. Please compare your options to find the card that’s right for you. You will need to transfer to a non-Westpac related credit card. Thanks.
Does this card include free travel insurance
Hi Mark. Thanks for your question. This card comes with a range of complimentary insurance covers. Please check the review and application page for more information.
Is this credit card linked to qantas frequent flyers
Hi Vicki. Thanks for your question. This card does not let you earn Qantas Frequent Flyer points, please check our Frequent Flyer comparison page for a list cards that let you earn Qantas Frequent Flyer points.
What does no joint application mean because I have credit in my name and I in my husbands name does that mean we can’t transfer in to one card?
Hi Jenelle,
thanks for your question!
No joint application means cardholders can only apply using one income. They can still request supplementary cards for their spouses to use, but this will use the same credit limit and share the same credit card number as the primary card. In response to the second part of the question, balances can be transferred from more than one card to the ANZ Platinum, but this is still subject to ANZs terms and conditions for balances transfers, which means they are unable to transfer balances:
There are other terms and conditions regarding balance transfers, so a call to ANZ might be helpful.
I hope this answers your question.
Marc.
With the $6000 minimum credit limit does this mean the transfer amount if I am transferring from another bank? Just checking you don’t require me to sign up for $6000 on top of the transfer amount?
Hi Barbara,
that’s a great question we often receive.
The minimum credit limit refers to the smallest amount of credit an applicant can have if they take out this credit card, and this amount includes balance transfers. Most credit card providers set a maximum balance transfer amount of 95% of the approved credit limit, so a $6000 credit limit in this example could allow a maximum balance transfer of $5700.
I hope this helps.
Marc.
Is the platinum credit card at 0% for 9 months at $0 for 1 years & then $87 every year after that? Is this only for existing customers or can I transfer my account over in full as I bank somewhere else?
Pauline
Hi Pauline,
thanks for the question.
The ANZ Platinum has no annual fee for the first year, but after the first year charges an annual fee of $87 per year. This $87 can be waived if more than $20,000 is spent per year using the card.
In answering the second part of the question, this offer is available for new and existing customers.
There shouldn’t be a problem bringing over a balance from an existing card providing the card isn’t an ANZ credit or store card.
In terms of how much can be transferred over, most credit card providers will only allow applicants to transfer a maximum of 95% of their approved credit limit from their old card, so the amount you can transfer will depend on the credit limit an applicant is approved for.
I hope this helps,
Marc.
I have advised that as I have retired I am not eligible to apply for a credit card as I do not have an income stream. If I become a supplementary card holder to my daughter’s account and purchase a travel ticket with my supplementary card, will I be covered by for travel insurance? What is the maximum age for coverage of travel insurance coverage? Thanks
Hi Noreen. Thanks for your question. The travel insurance has an age limit of 80 years. According the definitions in the terms and conditions you must be a current platinum cardholder at the date of any claimable event.
The definition of a platinum cardholder, as stated in the terms and conditions: ‘to whom ANZ has issued a platinum card account as either the primary platinum cardholder or as an additional or supplementary cardholder.’
Hope this helps.
Good Morning,
Am i able to transfer the balance from my other card if i am not the account holder, however i am a additional card holder.
Thanks
Hi Michael. Thanks for your question. You must be the primary account holder if you wish to transfer a balance from that card to a new card in your own name. Thanks.
Hi,
I have a question Re: the Car Rental Cover. If I hire a car using my ANZ platinum card and name my friend (who does not own an ANZ card) as “Joint hirer” on the car rental documents – is my friend also then covered by the ANZ Card Rental Cover if I am not in the car and they have an accident?
Hi Sarita. Thanks for your question. According to the ANZ Car Rental Excess Cover, ‘What we agree to insure you for We will reimburse you for the amount of any collision excess that you have paid under any car rental agreement(s) that you enter into with a car rental company to hire a car registered in Australia and its offshore territories, where:
• you are the hirer, or
• you are a joint hirer and you were driving the hire car when the accident occurred.’
Hope this helps.
Hi Jacob. So does that mean the answer is ‘yes’ ? The ‘joint hirer’ does not have to be an ANZ card holder themselves in order to be covered?
Hi Sarita. Yes, that’s correct. Thanks for your question.
i have cancelled this platinum card about a year ago. can i apply again and do the balance transfer?
Hi Paul. If you have previously held an ANZ credit card and cancelled it, if you apply again, you will be considered a new customer and you will be eligible for the balance transfer promotional rate of interest. Thanks.
can I still accrue Qantas frequent flyer points with this card? if so, how many per $ spent?
I have an existing card – will my card # change?
Hi Pam. This card does not offer the opportunity to earn points. However, there are other products from ANZ that do offer the opportunity to earn rewards. Thanks.
I left full-time work in Aug 2012 to undertake online study at home. I am now returning to full-time employment and start on 3 April. I wish to apply for a 0% credit card mid-April (ANZ Platinum Credit Card – 9 months). I have a good credit rating, I rent but also have an investment property which has tenants. What are my chances of being accepted considering I will only have been back in the work-force for a week.
Thanks for your advice.
Hi Basia. Thanks for your question. You make a good point in this question. If you have recently returned to the workforce, the lender may ask you for a letter from your employer stating that you’re not on a probationary period. Generally the banks look for 3 months plus of steady employment when they assess an application. This may affect your chances of approval. Best to speak to a lender directly if you have any doubts. Jacob.
My annual fee, on my visa statement this month is $95 and Reward programme fee is $55. Are these amounts correct as there is only one fee of $87 mentioned in your information.
Hi Lynda. Please contact ANZ to get to the bottom of this – there may have been a mistake made on your account. The annual fee, stated in the product table on the review and application page, is correct. The following is taken from the ANZ Rewards Website, ‘For ANZ Rewards a Total Annual Fee of $89 applies which includes a $34 Annual Account Fee and a $55 Rewards Program Services Fee. For ANZ Rewards Platinum a Total Annual Fee of $149 applies which includes a $94 Annual Account Fee and a $55 Rewards Program Services Fee. For additional cardholders an Additional Cardholder Fee of $10 and Rewards Program Services Fee of $55 apply per additional cardholder on the account.’ We have added this information to the page. Thanks for your input. Jacob.
I bought my sons ticket to Bali and Europe with my platinum VISA card.
Is he covered by the medical and travel insurance even so he is travelling without me?
Hi Uwe. Thanks for your question. You dependent child is not covered if he is not travelling with the primary account holder. I have sent the policy document to your email if you would like to review it . Jacob.