ANZ Platinum Credit Card – Rates & Fees

Information verified correct on May 27th, 2016
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A card that offers complimentary travel and purchase insurance, platinum perks and a low interest rate on purchases and balance transfers

A low interest rate credit card with the additional benefits of overseas travel and medical insurance worth up to $800, as well as extended warranty and purchase security insurance, the ANZ Low Rate Platinum credit card could be a card for you.

Save in interest repayments by taking advantage of the balance transfer offer on the ANZ Platinum Credit Card — 0% p.a. for 18 months with 3% balance transfer fee. The savings continue with a annual fee in the first year, complimentary insurance and flexible travel payment plans.

Product NameANZ Platinum Credit Card
Balance transfer rate (p.a.)0% p.a. for 18 months with 3% balance transfer fee
Balance Transfer Revert Rate
The interest rate after the balance transfer ends.
Purchase Rate (19.74% p.a.)
Balance Transfer Limit95% of available credit limit
Purchase rate (p.a.)19.74% p.a.
Annual fee$0 p.a. annual fee for the first year ($87 p.a. thereafter)
Interest Free Period
The interest-free period on purchases is the period or number of days you dont have to pay interest on your card purchases. You will be charged interest either from the day you make a purchase or from the statement date, unless you pay the closing balance in full by the due date (or within the interest-free period) on your statement.
Up to 55 days on purchases
Cash advance rate (p.a.)21.49% p.a.
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
This credit limit may not be issued to you immediately on application. This is the maximum credit limit for this card which must be applied for or offered to you after you are approved and have already opened the account.
$50,000
Minimum Monthly Repayment2%
Minimum Income$35,000
Card TypeVisa
Late Payment Fee$20
Foreign Currency Conversion Fee (VISA)3% of transaction value
Complimentary Travel InsuranceYes
Complimentary Travel Insurance Cover6 months
Available To Temporary ResidentsNo
Joint ApplicationNo
Minimum Income$35,000
Minimum Age18 years of age
Available to Temporary ResidentsNo
Credit Rating Requirement
Credit rating requirement is provided only as a guide. Understanding your credit file helps you make more informed decisions in regards to your finances. Learn more about what this means here.
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
This credit limit may not be issued to you immediately on application. This is the maximum credit limit for this card which must be applied for or offered to you after you are approved and have already opened the account.
$50,000
Annual Fee$0 p.a. annual fee for the first year ($87 p.a. thereafter)
Minimum Repayment2%
Late Payment Fee$20
Over Limit Fee$20
Cash Advance FeeThe greater of 2% of the cash advance amount or minimum $0
Overseas Cash Advance FeeThe greater of 2% of cash advance amount or minimum $4.00
Overseas Emergency Replacement$0
Overseas ATM Balance check$0
Overseas ATM Withdrawal Fee$4
Foreign Currency Conversion Fee (VISA)3% of transaction value
Gambling Transactions AllowedNo
Additional Cardholder Fee$0 p.a.
Number of Additional Cardholders9
BPAYYes
ChequeYes
Direct DebitYes
Australia PostNo
Phone BankingYes
Internet Banking TransfersYes
In BranchYes
MailYes
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.
  • 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.
  • A great introductory offer on balance transfers of 0% p.a. for the first 18 months
Cons
  • A 3% p.a. fee applies on balance transfers.

ANZ Platinum Credit Card review

Pay annual fee in the first year you own the ANZ Platinum Credit Card. The annual fee is waived after that if you spend more than $20,000 on the card each year. This account also features a balance transfer offer of for 18 months. Transfer your non-ANZ card debt to the ANZ Platinum Credit Card and save thousands in interest repayments.

There are benefits for the traveller too. This card offers complimentary international travel and medical insurance, as well as flexible payment options for purchases like flights and holiday bookings. There are a number of features on offer which should entice both the traveller and someone looking to pay down their existing card debt. Our ANZ Platinum Credit Card review describes the features of this product as well as providing information about how to apply.

Benefits of the ANZ Platinum Credit Card

  • annual fee in the first year. All new ANZ Platinum Credit Card holders get the annual fee waived in the first year, and $87 thereafter. Pay an annual fee of  in the first year. You can also enjoy a  annual fee in following years if your annual spend exceeds $20,000 on the ANZ Platinum Credit Card. The annual spend is calculated 12 months following your account’s ‘fee date’.
  • for 18 months on balance transfers. Apply for the ANZ Platinum Credit Card and get for 18 months on balance transfers. Transfer a credit card, store card or charge card debt and pay if off over 18 months. The promotional period starts from the date you are approved for the ANZ Platinum credit cardYou can use up to 95% of your credit limit towards a balance transfer. If you apply for the ANZ Platinum Credit Card, and ANZ give you a credit limit of $10,000, for instance, you can transfer $9,500 from a number of credit cards, store cards and charge cards. Any unpaid balance that was brought over to the card under a balance transfer promotion will be charged at the purchase rate of interest once the promotional period ends — currently 19.74% p.a. The balance transfer promotion activates at the time of application approval.
    • Complimentary insurance. ANZ Platinum credit card customers are covered under QBE complimentary overseas medical and travel insurance. There’s comprehensive cover for a range of events, including an unlimited benefit payable for overseas medical and dental. If you already have an ANZ Platinum Credit Card, you’re eligible for the insurance when you hold a return ticket to Australia and have purchased at least $250 of your prepaid travel expenses using the ANZ Platinum Credit Card. See the insurance terms and conditions to confirm what you’re covered by.
    • Apple Pay system. Enjoy a convenient and secure way to checkout by placing your finger on Apple’s Touch ID. Read more about it here.
  • Travel payment plans. Use your ANZ Platinum Credit Card for a travel or holiday related purchase*, like booking a cruise through a travel agent or booking flights online, and you may be eligible for a flexible repayment option from ANZ.The transaction must be over $500 to qualify for an ANZ travel payment plan. Contact ANZ within 48 hours of making the purchase to apply.

Features of the ANZ Platinum Credit Card

  • Annual fee waiver. The annual fee is waived in the first year. If you make purchases of $20,000 or more annually using your ANZ Platinum account in each subsequent year, your next Annual Fee will be waived. The annual fee is $87 thereafter if you don’t qualify for the waiver.
  • for 18 months on balance transfers. Apply for the ANZ Platinum credit card and elect to transfer a balance to the card and save thousands in interest repayments with this balance transfer offer (3% balance transfer fee applies).
  • Up to 55 days interest free on purchases. Pay your balance in full when your statement comes and you get up to 55 days interest free on purchases made with the card. Interest free days do not apply you’re carrying a balance from month to month (a balance transfer).
  • Insurance benefits. Complimentary international travel insurance is a benefit available to ANZ Platinum credit card holders who meet the policy activation requirements. This account also features car rental excess insurance, extended warranty insurance, 90-day purchase security insurance, best price guarantee insurance and interstate flight inconvenience insurance.
  • 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.
  • Additional cardholders. Up to 9 additional cardholders can be added to the account for .
  • Anti-fraud. ANZ credit cards are protected by ANZ Falcon, their anti-fraud monitoring system. They’re on the look out for any suspicious activity on your account. Just be sure to let ANZ know if you plan to travel abroad. As this is a Visa card, the Visa no liability guarantee applies as well if you’re a victim of fraud.
  • Visa card. As this is a Visa card, you can use this card wherever Visa is accepted, which is at millions of ATMs and merchants across the globe.
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How to apply for the ANZ Platinum Credit Card

If you think the ANZ Platinum Credit Card suits you, you can apply for it today by simply completing an online application. It is recommended that you first make sure that you meet the ANZ’s eligibility requirements before you begin with the application process:

Eligibility criteria:

  • Over 18 years old
  • Have a good credit rating
  • A permanent resident earning over $35,000
  • Temporary residents can apply for the ANZ Platinum Credit Card. Special Category Visa holders — New Zealand citizens — can apply as well as business, investor or student visa holders. More than nine months must be remaining on the visa.

Required documents:

  • Your Australian drivers licence (if applicable)
  • Details about your finances which include information about your income, expenses, assets and liabilities.
  • You will need to provide your accountant’s details if you’re self-employed.

Within a few minutes of completing the application, ANZ will be in contact (via email generally) to confirm whether your application has been approved, conditionally approved or declined.

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Frequently asked questions

How to make a balance transfer when you already have an ANZ credit card?

Call 1800 007 511 (8am-8pm, Monday to Friday) to transfer a debit balance from a non-ANZ credit or store card account to your existing ANZ credit card account. You will need to provide details of the balances to be transferred including:

            • the other account issuer’s name
            • card type
            • account number
            • BPAY® biller code
            • amount to be transferred.

This process can take between 3 and 15 business days depending on the institution from which the balance is being transferred.

Once the balance transfer has been successfully processed, the transaction will appear on the transaction listing on your credit card statement of account. If the balance transfer is subject to a Promotional Plan, the transaction will also appear  under the heading ‘Accepted Promotions’ on your ANZ credit card statement of account.

What is included in the complimentary international travel and medical insurance?

There’s a $250 excess for each claim. Supplementary cardholders are eligible for cover under the policy; however, if multiple card holders are travelling together or a family is travelling together, only one person can claim the benefits available to a ‘participating cardholder’. 

The cover is automatically activated when you meet certain conditions with your ANZ Frequent Flyer Credit Card account. If you already have an ANZ Platinum Credit Card, you’re eligible for the insurance when you hold a return ticket to Australia and have purchased at least $250 of your prepaid travel expenses using the ANZ Platinum Credit Card. QBE car rental excess insurance is included with this ANZ Platinum account.

This cover reduces the amount you’re liable to pay if you have an accident while operating a rental vehicle. The maximum benefit payable is $5,000. An excess of $350 applies per claim. Extended warranty and a number of purchase security insurances are included along with complimentary international travel insurance. ANZ will double the original warranty term (up to 12 months) for items purchased with the account; while 90-day purchase insurance covers items for loss or damage for a period of 90 days after you use your card to buy an item. Best price guarantee insurance will refund you the difference in price if you use your card to buy something and you see if for cheaper at another store.

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418 Responses to ANZ Platinum Credit Card – Rates & Fees

  1. Default Gravatar
    BETH | May 16, 2016

    I have an ANZ frequent flyer credit card (Blue) can I upgrade to a Platinum with this offer.

    With the travel insurance, how do I check if my husband is covered? He has a pre-existing condition from 17 years ago. We are going to Europe in 3 weeks.

    • Staff
      May | May 17, 2016

      Hi Beth,

      Thanks for your inquiry.

      As in the ANZ fine prints, this ANZ Platinum credit card offer is only available to new and approved credit card applicants who apply for an ANZ First, ANZ Platinum, ANZ Low Rate or ANZ Low Rate Platinum credit card account with the balance transfer. So, unfortunately, you may not be able to apply for this card.

      As for the complimentary travel insurance attached to the ANZ Platinum credit card, yes, a travelling spouse is also eligible for the cover.

      Cheers,
      May

  2. Default Gravatar
    Lizzie | April 20, 2016

    Me and my husband are traveling oversea with my daughter, 2 years old. If we apply for this card, does my daughter get cover too?

    • Staff
      May | April 20, 2016

      Hi Lizzie,

      Thanks for your inquiry.

      Yes, you as a cardholder, your spouse and child are eligible for this cover, provided, that you used your card account before you went on your trip to purchase at least AUD$250 in total (inclusive of taxes and other charges) of travel costs (airfares and/or cruise) and/or land content costs like tours, hire cars or other hired transport and accommodation for you and for your spouse and child who are on that trip with you.

      Hope this answers your question.

      Cheers,
      May

  3. Default Gravatar
    Sarah | January 11, 2016

    We are travelling from Brisbane to Melbourne, staying 4 nights on an organized tour and the travel agent has asked if we have travel insurance. I have a ANZ Visa Platinum credit card, and paid for most of the trip with this. Are we covered ? The agent also wants the emergency contact details.

    • Staff
      Ysa | January 12, 2016

      Hi Sarah,

      Thanks for your question.
      As per ANZ terms and conditions, to be eligible with the activation of the travel insurance, you should:
      - have a return ticket to Australia
      - used a participating card account before you went on your trip to purchase at least AUD$250 in total (inclusive of taxes and other charges) of transport costs (airfares and/or cruise); and/or land content costs (tours, hire cars or other hired transport and accommodation)

      So long as you meet the other eligibility requirements, you should have no trouble accessing the ANZ Platinum credit card travel insurance.

      I’ve emailed you the full outline of the insurance policy for your convenience. You may also wish check the Emergency Assistance team contact details on this document.

      I hope this helps.

      Cheers,
      Ysa

  4. Default Gravatar
    c | January 5, 2016

    I have a platinum card, I am 71 yrs. I have been told by an ANZ source that you cover to 80 yrs. I have no existing health problems. Thanks.

    • Staff
      Sally | January 6, 2016

      Hello C,

      Thanks for your question.

      The complimentary international travel insurance covers cardholders aged up to 79.

      So long as you meet the other eligibility requirements, you should have no trouble accessing the ANZ Platinum credit card travel insurance.

      I hope this has helped.

      Cheers,

      Sally

  5. Default Gravatar
    GHM | December 9, 2015

    I have an existing ANZ platinum Visa card. I’m currently overseas. Can you please confirm with me the fees and also foreign currency exchange fees on all transactions I make while away ? Please tell me all costs and fees on Visa Card (apart from my annual card fee).

    Thanks

    • Staff
      Sally | December 9, 2015

      Hello GHM,

      Thanks for your question.

      You can see a full list of the fees and costs of your ANZ Platinum Credit Card on our review page under the “Fees and Repayments” tab in the table.

      However, I can confirm that there is an overseas ATM withdrawal fee of $4 and a foreign currency conversion fee of 3% per transaction.

      I hope this has helped.

      Cheers,

      Sally

  6. Default Gravatar
    Bat | November 1, 2015

    Hi,

    1. May I know the annual waiver program ( purchase more than $20,000 ) will apply to existing Anz platinum card holders? I have the card from 2013.

    2. Does Rental vehicle excess cover work if I rent a car in USA?

    Thanks for your time

    • Staff
      Jonathan | November 4, 2015

      Hi Bat, thanks for your inquiry!

      The annual waiver program is only available for new ANZ Platinum credit cards. The rental excess cover provides protection when you hire a car from a major car rental company in Australia, at no extra cost. Unfortunately overseas rental cover is not included.

      Cheers,

      Jonathan

    • Default Gravatar
      Bill | May 5, 2016

      There was a question about vehicle insurance excess. Your staff member said it only applied to vehicle rental in Australia. On page 42/43 of the Premium Cards Insurance booklet there is no mention of only apply to Australia. Maybe a clarification is needed.

    • Staff
      Ysa | May 11, 2016

      Hi Bill,

      Thanks for your question.

      The rental vehicle insurance excess cover can be applicable under the interstate flight travel insurance and overseas travel insurance. The cardholder can also be covered for the rental collision excess while hiring a vehicle registered in Australia into with a card rental company. So long as you meet the eligibility criteria of the type of insurance, the cover should be automatically activated.

      Should you have further clarifications regarding the policy, you may wish to speak directly with QBE Insurance Group Limited (insurer). The Premium Cards Insurance booklet also details the contact information of the insurer and the eligibility criteria for each cover.

      I hope this has answered your question.

      Cheers,
      Ysa

  7. Default Gravatar
    alexander | October 26, 2015

    Im wanting to pay for some flights tomorrow but have maxed out my card, however I have cash savings at home and would like to walk into a bank and pay the amount of the flights in cash on my card, is this possible and if so is it instantaneous like everyday accounts?

    • Staff
      Jonathan | October 27, 2015

      Hi Alexander, thanks for your inquiry!

      Cash deposits into accounts are generally acknowledged on the balance straight away.

      Cheers,

      Jonathan

  8. Default Gravatar
    Novi | October 10, 2015

    Hi, if i have had this credit card in the past and want to reapply, do i still get the benefit of 0% balance transfer and annual fee waiver in the first year

    • Staff
      Jonathan | October 13, 2015

      Hi Novi, thanks for your inquiry!

      Unfortunately this credit card offer is only applicable once per customer. You may like to compare other 0% balance transfer card offers.

      Cheers,

      Jonathan

  9. Default Gravatar
    Maree | September 20, 2015

    When making a repayment on the ANZ Platinum credit card that has both purchases and balance transfer, is that payment applied to the purchases or the balance transfer firstly?

    • Staff
      Jonathan | September 21, 2015

      Hi Maree, thanks for your inquiry!

      Repayments will be allocated to the highest interest rate portion available. As a result your payments will be applied to purchases before balance transfers.

      Cheers,

      Jonathan

  10. Default Gravatar
    Christine | September 14, 2015

    We are travelling to New Zealand. Does the ANZ platinum frequent flyer card cover Car hire Rental ExCEss in New Zealand.

    • Staff
      Jonathan | September 14, 2015

      Hi Christine, thanks for your inquiry!

      ANZ will reimburse you or 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. The maximum benefit payable is $5,000. An excess of $350 applies per claim. Please refer to page 54 of the PDF I have sent to your email for more information regarding this policy.

      Cheers,

      Jonathan

Credit Cards Comparison

Rates last updated May 27th, 2016
Purchase rate (p.a.) Balance transfer rate (p.a.) Annual fee
St.George Vertigo Platinum
A platinum card with a balance transfer offer of 0% p.a. for 20 months and an introductory purchase offer of 0.99% p.a. for 4 months with a low annual fee.
0.99% p.a. for 4 months (reverts to 12.74% p.a.) 0% p.a. for 20 months $99 p.a. Go to site More info
American Express Essential Credit Card
Receive a $50 credit on eligible spend and get Smartphone screen insurance combined with a no annual fee for life card.
14.99% p.a. 0% p.a. for 12 months $0 p.a. Go to site More info
HSBC Platinum Credit Card
Receive a full annual fee refund and save $149 if you meet the $6,000 spend requirement. Enjoy a balance transfer offer and platinum card benefits such as complimentary insurances and concierge services.
19.99% p.a. 0% p.a. for 15 months $149 p.a. Go to site More info
ANZ Frequent Flyer Black
Earn up to 75,000 bonus Qantas Points when you spend $2,500 within the first three months and 1.5 points per $1 spent. Get complimentary airport lounge access, 24/7 concierge with $0 annual fee in the first year.
19.99% p.a. $0 p.a. annual fee for the first year ($425 p.a. thereafter) Go to site More info

* 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.

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