ANZ Rewards Platinum Credit Card
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The ANZ Rewards Platinum from American Express is a great credit card to have. With all of the usual American Express benefits, you will also receive exclusive platinum benefits too.
Here you will find out everything that you need to know about the ANZ Rewards Platinum card.
| Product Name | ANZ Rewards 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 | $149 p.a. (which includes a $94 annual account fee and a $55 Rewards Program services fee) | |
| 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 | American Express/Visa | |
| Late Payment Fee | $20 | |
| Complimentary Travel Insurance | Yes | |
| Available to Temporary Residents | No | |
| Joint Application | No |
The Platinum Insurance Benefits
There are many benefits that come with this credit card. Firstly you will receive various pieces of insurance at no added cost. You will receive Platinum Overseas Travel and Medical insurance which will cover you for most things while you are abroad. You will be covered for six months overseas and the cover that you have includes:
- Accidental death and disability
- Any loss of income
- Liability
- Medical and dental work overseas
- Loss or damage of luggage
- Amendment an cancellation costs
The above are the main benefits that you will receive from the travel insurance policy included with your card.
If you travel a lot then you will also benefit from car rental cover. Whenever you need to hire a car, you can rest easy knowing that if anything goes wrong, you will be protected. It will reduce the amount of excess that you need to pay if you do have a car accident in Australia.
When you make a purchase on any household and personal products, you will receive an additional 12 months of cover. Once the original warranty has run out from the manufacturer, you will still have 12 months cover provided by your credit card.
Another insurance advantage that you benefit from is the 90 day purchase security insurance. This covers all of your personal purchases in case of damage, loss or theft for up to 90 days from the purchase date.
If you do travel a lot then the transport accident cover is ideal. It covers you for accidental death and covered injuries when you are using public transport. This includes buses, ferry’s, trains and planes. Accidental death cover can add up to a total of $750,000 or $350,000 for a covered accident.
Other ANZ Rewards Platinum Credit Card Benefits
As well as insurance, other benefits that you receive include hundreds of rewards. You collect points whenever you use the card. You can use your points to buy things such as home wares, gift cards, electronics and even holidays. With the Platinum card you will earn 3.00 points for every $1 that you spend. You can redeem the points in Australia or for rewards overseas.
The American Express Rewards Platinum joins forces with the Rewards Platinum Visa to make your life even more rewarding. You will have two cards and only one account. There will only be one annual fee and you will get joint statements. There will also be just one credit limit for both cards. It makes your life so much easier and you can earn points much quicker too.
If you would like to use your points towards a holiday then the ANZ Holiday Rewards makes it easy. You can use the rewards to pay for seats on a flight. If you don’t have enough to fund the whole holiday then you can pay the remaining balance yourself. The holiday rewards are definitely worthwhile.
You could even choose to receive gift vouchers every time that you reach a certain number of points. It can be a nice surprise receiving gift vouchers through the post when you aren’t expecting them.
ANZ Rewards Platinum – Interest Rates and Fees
Of course one of the main things that you will want to know before opening an account is the interest rate. You will need to pay 19.39% per annum. If you take out a cash advance then you will need to pay 20.99% p.a.. You will receive up to 55 days interest free on all purchases that you make. The minimum credit limit that you will receive will be $6,000. Finally the account fee for having the account open is $149.
What You Need to Apply Online
If you like the sound of the ANZ Rewards Platinum Credit Card then it is quite simple to apply. You can do it through the website by downloading the application form. There are a few things that you will need to have at hand before you apply.
You will need your Australian drivers license if you have one. You will also need to have your employers details as they are found in the White Pages. If you are self employed then you will need to provide your accountants name and telephone number. You will need to give information on all of your assets, liabilities and income.
Then finally if you are already an ANZ customer, you will need your account number which can be found on a statement.
Before you apply for the card you will need to check that you are eligible. You will need to be at least 18 years of age. You will also need to have a good credit rating. The final condition is that you earn a minimum of $50,000 per year. If you are accepted then your credit limit will depend upon the information that you have given.
If you choose to complete the application online then it will take from 10-15 minutes to complete. You will need to ensure that you do not leave the application unattended for more than 15 minutes. If you do then it will be cancelled.
Overall this Platinum card is one of the best available. It comes with so many different rewards. If you can afford one and you fit the criteria then it could be worth applying.
Read the ANZ Rewards 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 | $149 p.a. (which includes a $94 annual account fee and a $55 Rewards Program services fee) | |
|---|---|---|
| Minimum Repayment | 2% | |
| Late Payment Fee | $20 | |
| Over Limit Fee | $20 | |
| Overseas Emergency Replacement | $0 | |
| Overseas ATM Balance check | $0 | |
| Overseas ATM Withdrawal | $4 | |
| Gambling Transactions Allowed | No | |
| Additional Cardholder Fee | $10 | |
| Number of Additional Cardholders | 9 |
Pros
- For a platinum card that offers platinum perks and benefits, the annual fee is low compared to other cards within this category.
- The best price guarantee is a fantastic feature for shoppers who love to hunt a bargain.
Cons
- The additional card holder fee of $10 is an unnecessary cost considering most other cards offer this for free.
- There is no interest holiday when you first get this card.
Read the ANZ Rewards Platinum Credit Card terms and conditions.
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Is there a limit on the amount of points you can earn in a year
Hi Nigel
Thanks for the comment!
There is no rewards cap on the ANZ Rewards Platinum credit card.
Cheers
Jeremy
Hi, looking at ANZ Qantas Amex Platinum. 3 points per dollar spend – when converted to Qantas FF points, are they apportioned? Is there a fee to transfer points to Qantas FF? Does the travel insurance cover pre-existing medical conditions for people over 60? Your earliest reply is requested. Regards Fred Spano
Should I use the Platinum Rewards Visa or Amex in the US for restaurants etc or should I get a travel debit card?
Hi Jan. Thanks for your question and sorry about the delay in getting back to you. So, to figure out which is going to be most cost effective, you will need to weigh the value of the rewards you will get from using the American Express vs. the cost of the cross currency conversion fee you will incur when you use your card overseas. If you find that the fee is going to outweigh the net value of the rewards, it may be worth using a travel money card. Please not that these cards do charge a fee when you load a currency on to the card, so you will need to factor this consideration in when doing the maths. Compare travel money options here. Jacob.
In respect of the reward points earned how do they convert say for purchasing Cathay Pacific miles or points ? e.g. x rewards points equals y Cathay miles/points
In respect of the $55 rewards programme fee I am already a member of Qantas FF. Do I still have to pay the $55 ?
Hi Terence. If you’re already a Qantas Frequent Flyer member, you can link your existing membership to your new credit card account. Please check this page for information on transferring ANZ Rewards Points to frequent flyer airlines. Thanks and sorry for the delay. Jacob.
In relation to the above table, for 12,110 reward points, which $100 gift card will I be entitled to?
Hi Gerry. Thanks for the question. Please refer to the ANZ Rewards Website for information about redemption options. For example, approx. 10,000 rewards points is a $50 Myer Gift Card & approx. 21,000 rewards points is a $100 Visa Prepaid Gift Card. Jacob.
Which stores can you redeem points from?
Hi Diana,
Thanks for your question. You will earn rewards points every time you use your card to on an eligible transaction. According to the terms and conditions, eligible transactions are not: ” interest charges; government charges; bank fees; cash advances (as defined in the ANZ Credit Cards Conditions of Use) and card account adjustments resulting from disputed transactions.” Cheers.
Jeremy
Can I apportion my reward points to Qantas Frequent Flyers. I read that the rewards program is with Velocity
Hi,
Thanks for your question. You can redeem Reward Points for points or miles with Velocity, Air New Zealand Airpoints, Singapore Airlines KrisFlyer or Cathay Pacific Asia Miles.
Cheers
Jeremy
How is travel insurance activated?
Also, is my spouse included in the travel insurance program if she applies for a supplementary card.
Hi,
Thanks for your question. The insurance cover is activated when you purchase a certain amount of your prepaid travel expenses on your card or pay for about 95% plus of your airfare on your ANZ Rewards Platinum Card. When you go to claim it’s a matter of proving that you have fulfilled the requirements set out in the terms and conditions – see here – http://anz.com/resources/1/e/1e671c004451aa4a80a2eefb15aad448/Platinum-Cards-Insurance-Policy.pdf?CACHEID=1e671c004451aa4a80a2eefb15aad448 – Your spouse and dependent children are automatically covered too. Cheers.
Jeremy
You state that you need 6660 pts for a $100 voucher. Can you please state what voucher that is for as I have looked at their website & the closest I have found is 19980 pts for a $100 voucher (big difference). Thanks for your prompt response :-)
Hi Livia. Thanks for your question sorry about the delay in this response. The number of points needed to redeem a voucher via the ANZ Rewards store varies – it can be a little as approx. 6000 through to 20,000. Please refer to the ANZ Rewards website for further information. Sorry if there was any confusion. Jacob.
Hi does 3 ANZ reward points = 3 Velocity points
Hi Brad,
Thanks for the question. According to the Velocity Rewards website you can earn 1 Velocity Rewards point per 2.25 ANZ Rewards Points you transfer. Cheers.
Jeremy
Is there a limit on points that can be earned in each year?
Hi,
The ANZ Rewards Platinum Credit Card features uncapped points earning. Thanks for the question.
Cheers,
Jeremy
Are the rewards points transferred to the Frequent Flyer Program at 1 reward points:1 frequent flyer point for both the VISA and AMEX?
Hi Leona. Points are earnt at the rate of AMEX 3 points per dollar and Visa 1.5 points per dollar on eligible purchases. According to the terms and conditions, eligible transactions are everything except, ‘interest charges; government charges; bank fees; cash advances (as defined in the ANZ Credit Cards Conditions of Use) and card account adjustments resulting from disputed transactions.’ Cheers.
Is the annual fee waived after a specified per year spend?
Hi Rowan,
Thanks for the question. The annual fee must still be paid for this card regardless of your yearly spend. The ANZ Platinum Credit Card has no annual fee in the first year and the fee is waived in the second year provided you spend over $20,000 on your card over 12 months. Cheers.
Jeremy
Hi Jeremy
Just wondering if you can get additional cards,if so how much and is that an annual fee or once off.
Cheers
Hi Shayn. The following is taken from the ANZ Platinum Credit Card terms and conditions: ‘For additional cardholders an additional cardholder fee of $10 and Rewards Program services fee of $55 apply per additional cardholder on the account.’ This will be charged annually. Thanks for your question.
What charges apply when the card is used overseas?
Hi Lou. For information on the types of charges cardholders are likely to incur while overseas, please refer to our article on the topic. Cheers.
Jeremy,
Are ANZ rewards points converted at the same rate to airline frequent flyers programs compared with other cards eg CBAs ? Some cards give 3 points per dollar some only 1.
Hi Doug. Thanks for your question. ANZ Rewards Points are converted to different airlines rewards points at different rates depending on the airline. You will get 0.5 Asia Miles, 0.5 KrisFlyer Miles and 0.5 Air New Zealand Miles for 1 ANZ Reward Point. 2.25 ANZ Rewards is 1 Velocity Point. For more information on this topic, please refer to the ANZ Rewards conversion page. Hope this has helped.
Hi, My question is in regards to velocity point transfers. On the ANZ transfer page it says 2,250 reward points gives you 2,250 velocity points. Under the terms and condition its says 2,250 reward points will give you 1000 velocity points. Please confirm which one it refers to? Thanks.
Hi Adam. Good question. According to the Virgin Velocity website, it says, ’2.25 ANZ Rewards points = 1 Velocity Point’. The terms and conditions are correct. Thanks.
Can you convert rewards points on this card to Qantas Flights?
Hello Max,
thanks for your question.
ANZ Rewards points can be redeemed for Qantas flights through the ANZ Rewards website.
Cheers,
Marc.
I made a claim because of a cancelled flight only to be informed by QBE that they do not cover delays or cancellations so the travel insurance is useless so now I am looking elsewhere for a better card not covered by QBE
Hi Erin,
This card covers cancellations and travel delay on international flights booked on it.
Hope this helps
Does it provide extended warranty on electronics/white goods purchased ?
Hi Dinesh. Thanks for your question. When you make a purchase on any household and personal products, you will receive an additional 12 months of cover. Once the original warranty has run out from the manufacturer, you will still have 12 months cover provided by your credit card. Another insurance advantage that you benefit from is the 90 day purchase security insurance. This covers all of your personal purchases in case of damage, loss or theft for up to 90 days from the purchase date. These insurances are not extended to business purchases but do apply for white-goods purchased for personal use. Cheers.
Hi Dinesh. When you make a purchase on any household and personal products, you will receive an additional 12 months of cover. Once the original warranty has run out from the manufacturer, you will still have 12 months cover provided by your credit card. Another insurance advantage that you benefit from is the 90 day purchase security insurance. This covers all of your personal purchases in case of damage, loss or theft for up to 90 days from the purchase date. These insurances do not apply for business purchases but will apply for white goods purchased for personal use.
Do the points earnt with these cards expire? and if so how often?
Hi Amanda. The following is taken from the ANZ Rewards Points FAQ:
‘Do my Reward Points expire?
Reward Points must be used to claim a reward within 36 months of 31 December of the year in which the Reward Points were added to a points record. Reward Points that remain unused after that period will be cancelled.
In the event your ANZ Rewards account is closed, any Reward Points that remain unused must be used within 60 days of the date of closure. Reward Points that remain unused after that period will be cancelled. Please refer to the ANZ Rewards –Rewards program terms and conditions for further conditions.’
Thanks for your question.
How does the ANZ/AX work? You get 3 points for every $ AX. How many points when the merchant doesn’t accept AX and you have to use the CC?
And then the conversion is 2.25 ANZ for 1 Velocity?
Hi Marija. If the merchant doesn’t accept American Express cards, then you will earn 1.5 rewards points for every dollar spent on purchases using your ANZ Rewards Visa Platinum Card. 2.25 ANZ Rewards points = 1 Velocity Point. Thanks for your question.
I’m an Australian citizen and will be working in Singapore from August earning in excess of US $80,000.
I have an ANZ Platinum card here in Jakarta, Indonesia.
I’m a non resident at this stage.
Can I apply for the Platinum Reward cards?
Which airline(s) does the cards cover other than QANTAS?
Thanks,
Clarence
Hi Clarence. You are open to apply for ANZ credit card if you have a 457 Visa, and your visa extends for nine months after your application. You can also apply if you’re on a student visa but the maximum credit limit is $500 or $1,000 and you must have more than five months of your visa remaining. Hope this helps. Please contact ANZ directly for clarification around these terms. The following information about ANZ Rewards flight partners was taken form their website, ‘If you’re already a member with Air New Zealand, Asia Miles™, Singapore Airlines or Velocity Frequent Flyer, or if you’re considering becoming one, your ANZ Rewards lets you redeem your Reward Points for points or miles in these programs:’ Velocity, Air New Zealand Airports Dollars, Singapore Airlines KrisFlyer Miles and Cathay Pacific Asia Miles. Hope this helps.
If i have an additional cardholder, ( a non dependant child aged 23 in this case). Do they accumulate points on my card, also do they get benefits of insurance cover etc. ??
Hi Nick. The cut off age limit for dependent children is 21. If you have a dependent child who is over this age, they will not be covered by the policy. When an additional cardholder spends on their card, all spending and points will be credited to the main account. Cheers.
Are rewards points capped? Are they linked to qantas or virgin?
Hi MJW. The ANZ Rewards Platinum Credit Card features uncapped points earning. You can redeem Reward Points for points or miles with Velocity, Air New Zealand Airpoints, Singapore Airlines KrisFlyer or Cathay Pacific Asia Miles. Thanks for your question.
Disregard previous question boys as I have found the answer but I do have another question. You told Shayn that there is the $10 additional cardholder fee and also the $55 annual rewards fee for additional card holders. Can you tell me if the $10 fee is annual or everytime your cards are renewed”
Hello Greg,
thanks for the question!
Both the $10 additional cardholder fee and the $55 annual rewards fee are payable each year.
Cheers,
Marc.
I have a platinum visa card linked to FF could you please tell me if it has overseas and interstate travel insurance. And also does it cover pre-existing medical conditions?
Hi Audrey. This card does offer complimentary international travel insurance. I have sent information about this policy to your email. According to the terms and conditions, you’re covered if: ‘(a) be a current platinum cardholder at the date of any claimable event; and (b) be eighty (80) years of age or under; and
(c) be a permanent resident of Australia; and (d) have purchased with your platinum card account a minimum of $250 (inclusive of taxes and other charges) of your pre-booked transport costs (airfares and/or cruise) and/or land content (tours, hire cars or other hired transport and accommodation) prior to the
commencement of your trip. The payment must be debited to your platinum card account prior to your departure from Australia.; and (e) hold a ticket to return you to Australia.’
If you have a pre-existing medical condition, ANZ will not insure you for that condition. I have sent a list of institutions to your email that will.
Jacob.