ANZ Platinum Credit Card – Rates and Fees

Information verified correct on August 30th, 2016
ANZ Platinum Credit Card Find out more Go to site

Don't worry, by clicking "Go to site" this won't leave a mark on your credit file. An enquiry will only appear on your file once you have submitted a credit card application.

What happens when I click Go to site?
  • Clicking Go to site will take you to your Online Application on the bank's website. You do not need to be an existing customer of this bank to apply.
  • Your application will typically take you no more than 10-15 minutes to complete
  • Once approved, you will typically receive your credit card within 1-2 weeks
Click here to start your application >>

Enjoy $200 back to your ANZ Platinum when you spend $500 in the first 3 months, receive platinum perks including complimentary travel and purchase insurance.

Receive $200 back to your ANZ Platinum when you spend $500 on eligible purchases in the first 3 months from card approval. A low fee credit card with the additional benefits of overseas travel and medical insurance worth up to $720, as well as extended warranty and purchase security insurance, the ANZ Platinum credit card could be a card for you.

The savings continue with a $0 annual fee in the first year and complimentary insurance covers.

Product NameANZ Platinum Credit Card
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 do not 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
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
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 the cash advance amount or minimum $4.00
Overseas ATM Withdrawal Fee$5
Foreign Currency Conversion Fee (VISA)3% of transaction value
Gambling Transactions AllowedYes
Gambling Transactions Interest RateCash Advance Rate
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 $500 then the annual fee is waived.
  • Receive $200 back to your ANZ Platinum when you spend $500 on eligible purchases in the first 3 months.
  • 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.
Cons
  • There is no rewards program that comes with this card.

ANZ Platinum Credit Card review

Pay $0 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.

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

    • *$200 offer. Receive $200 back to your ANZ Platinum when you spend $500 on eligible purchases in the first 3 months.

      How can I make sure I receive the $200 back?

      This offer applies once only to new and approved applicants who apply for an ANZ Platinum credit card account. Your application must be approved and you must activate the card and spend  on eligible purchases within the first 3 months of approval to receive the $200 back. Eligible purchases include purchases made on your account, but exclude Balance Transfers, cash advances, interest, fees, premiums paid for ANZ Credit Card Insurance, transactions for gambling or gaming purposes, transactions reversed and purchase refunds.
      This offer excludes applicants who have been approved for an ANZ credit card and received a cashback or similar payment from ANZ within the previous twelve months. The $200 back will be credited to your ANZ Platinum account within two months of the eligible spend criteria being met.
  • $0 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. You can also enjoy no 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’.
  • 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.

Features of the ANZ Platinum Credit Card

  • Annual fee waiver. The annual fee is waived in the first year. To continue receiving the annual fee waiver in each subsequent year, all you need to do is make purchases of $20,000 or more annually using your ANZ Platinum account. The annual fee is $87 thereafter if you don’t qualify for the waiver.
  • 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.
  • Additional cardholders. Up to 9 additional cardholders can be added to the account for $0.
  • 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.

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.

Frequently asked questions

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.

Back to top
Was this content helpful to you? No  Yes

Ask a Question

You are about to post a question on finder.com.au

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • finder.com.au is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

Disclaimer: At finder.com.au we provide factual information and general advice. Before you make any decision about a product read the Product Disclosure Statement and consider your own circumstances to decide whether it is appropriate for you.
Rates and fees mentioned in comments are correct at the time of publication.
By submitting this question you agree to the finder.com.au privacy policy, receive follow up emails related to finder.com.au and to create a user account where further replies to your questions will be sent.

426 Responses to ANZ Platinum Credit Card – Rates and Fees

  1. Default Gravatar
    J | August 15, 2016

    WHAT IS THE UPPER AGE LIMIT FOR TRAVEL INSURANCE

    • Staff
      Anndy | August 15, 2016

      Hi J R SHAH,

      Thanks for your question.

      The complimentary travel insurance attached to ANZ Platinum Credit Card is only available for those who are eighty (80) years old or under on the day the cover is activated. Other eligibility criteria also apply.

      Cheers,
      Anndy

    • Default Gravatar
      J | August 16, 2016

      Anndy

      thanks for your reply for the upper age

      can i transfer my reward points earned on my HSBC CREDIT CARD IF I TRANSFER THE BALANCE?
      i have 135834 reward points

    • Staff
      Anndy | August 16, 2016

      Hi J R SHAH,

      Thanks for getting back.

      Unfortunately, the ANZ Platinum Credit Card does not come with a rewards program where you can transfer your points to.

      If you have HSBC Premier Rewards points, you can transfer them to airline frequent flyer programs like KrisFlyer, AsiaMiles and Velocity frequent flyer points.

      Cheers,
      Anndy

  2. Default Gravatar
    Alex | July 30, 2016

    For the $200 back offer when you spend $500 of eligible purchases in the first 3 months, do supermarket gift cards and utilities bills count as eligible purchases?

    • Staff
      May | August 2, 2016

      Hi Alex,

      Thanks for your inquiry.

      As in the fine prints of ANZ platinum Credit Card, “eligible purchases include purchases made using your account, but excludes balance transfers, cash advances as defined in the ANZ Credit Cards Conditions of Use, interest, fees, premiums paid for ANZ Credit Card Insurance, transactions for gambling or gaming purposes, transactions reversed and purchase refunds.”

      Utility bills paid through BPay may be considered as a purchase. In order to be sure that gift cards are considered as purchases, please contact ANZ directly.

      Cheers,
      May

  3. Default Gravatar
    Gregory | July 29, 2016

    I will be travelling to Europe. If I use my ANZ Platinum credit card to make a purchase, how much will I be charged per transaction?

    • Staff
      May | July 29, 2016

      Hi Gregory,

      Thank you for your comment.

      When using ANZ Platinum credit card in Europe, generally you’ll be charged 3% of transaction value for the foreign currency conversion fee.

      Cheers,
      May

  4. 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

  5. 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

  6. 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.mariano@hiveempire.com | 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

  7. 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

  8. 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

  9. 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.mariano@hiveempire.com | 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

  10. 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

Credit Cards Comparison

Rates last updated August 30th, 2016
Purchase rate (p.a.) Balance transfer rate (p.a.) Annual fee
Virgin Australia Velocity Flyer Card - Balance Transfer Offer
Enjoy a 0% p.a. balance transfer offer for 18 months and also earn 2 bonus Velocity Points in the first 3 months on everyday spend.
20.74% p.a. 0% p.a. for 18 months $64 p.a. annual fee for the first year ($129 p.a. thereafter) Go to site More info
ME Bank frank Credit Card
Enjoy a low and consistent interest rate on purchases and cash advances, combined with no annual fee.
9.99% p.a. $0 p.a. Go to site More info
Citi Qantas Signature Credit Card
Earn up to 70,000 bonus Qantas Points on eligible spend, plus enjoy a 0% p.a. for 6 months offer on balance transfers.
20.99% p.a. 0% p.a. for 6 months $99 p.a. annual fee for the first year ($395 p.a. thereafter) 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. Also enjoy a 0% p.a. balance transfer rate for 12 months.
14.99% p.a. 0% p.a. for 12 months with 1% balance transfer fee $0 p.a. 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.

Ask a question
feedback