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ANZ Platinum Credit Card
ANZ Platinum Credit Card

ANZ Credit Cards

ANZ Platinum Credit Card

Updated 2 January 2020

International Travel Insurance, Rental Vehicle Excess In Australia Insurance, Interstate flight Inconvenience Insurance. Extended Warranty Insurance, Purchase Protection Insurance and Guaranteed Pricing Scheme. ANZ Falcon security monitoring for fraudulent transactions 24/7. Eligible with Apple Pay, Google Pay, Samsung Pay, Fitbit Pay, and Garmin Pay. Up to 9 additional card holders at no additional cost.

Purchase Rate (p.a)

20.24%

Balance Transfer (p.a)

0% for 18 months 2% BT fee applies. reverts to 20.24% p.a.

Annual Fee (p.a)

$0 first year. Then $87 p.a.

$0 over 18 months

My transfer amount

Balance transfer from:

My annual fee

My interest rate

Pros and cons

  • No annual fee in the first year
  • No annual fee for each subsequent year you spend $20,000 or more on the card
  • Up to 9 additional card holders for free
  • 0% p.a. for 18 months on balance transfers
  • Complimentary International Travel Insurance
  • Rental Vehicle Excess In Australia Insurance, Interstate Flight Inconvenience Insurance
  • Eligible with Apple Pay, Google Pay, Samsung Pay, Fitbit Pay, and Garmin Pay.

  • No reward points or program
  • A one-off 2% fee applies to balance transfers

Creditcard.com.au review

Editor Review

ANZ Platinum Credit Card

Roland Bleyer
Credit Card Expert with over 15 years card experience and the founder of Creditcard.com.au. about this card.

The ANZ Platinum Credit Card

With the ANZ Platinum Credit Card, you could enjoy a range of platinum perks – plus a very nice 18-month 0% balance transfer offer – with no ongoing annual fee. As a new cardholder, you will pay $0 annual fee in the first year, and then, as long as you make $20,000 in eligible purchases each year after that, the standard annual fee will be waived.

What we love...

When you have credit card debt, it can sometimes seem like you’ll never pay it off. But, if you choose the right balance transfer offer, it could make that slog somewhat easier. With the ANZ Platinum Credit Card, you will pay 0% p.a. on balance transfers for 18 months, so you can take a break from interest, and pay off more of that credit card balance.

But, that’s not the only way the ANZ Platinum Credit Card can help you save money. If you apply today, you will pay no annual fee for the first year. While the card’s standard annual fee is relatively low for a platinum credit card, you can avoid it completely in the years following that, simply by making $20,000 in eligible purchases on the card each year.

In terms of interest on purchases, saving money here takes a bit more effort. The card provides up to 55 days interest free on purchases, as long as you pay your account in full each month. But, it’s best to read up on how this feature works, as you do not have 55 days interest free on every purchase.

The number of interest free days you benefit from depends on when the purchase is made, and how far through the statement cycle it is. With the ANZ Platinum Credit Card’s high purchase rate, this is definitely a feature you want to get your head around, if you want to make all that money-saving count.

What’s not so great...

As with so many platinum credit cards, the ANZ Platinum Credit Card is far from a low rate credit card. The card’s purchase rate and cash advance rate are relatively high, so it’s best to avoid them whenever possible by paying the balance in full by the due date, and avoiding cash advances altogether.

If you choose to take on the balance transfer offer, there is some small print to be aware of, such as, any balance transferred will attract a 2% balance transfer fee. If you are unable to clear your transferred balance within 18 months, things could get painful, as that unpaid amount will attract the standard balance transfer rate (currently the same as the card’s cash advance rate).

Why should you choose this card?

Anyone looking for an affordable platinum card with basic features should be pretty happy with the ANZ Platinum Credit Card. There is that 0% p.a. balance offer, which is enticing, plus some useful extras, such as complimentary International Travel Insurance, Rental Vehicle Excess In Australia Insurance and Interstate Flight Inconvenience Insurance.

Of course, the card also offers all the basics, such as 24/7 fraud monitoring with ANZ Falcon, ANZ Fraud Money Back Guarantee, worldwide emergency credit card replacement and contactless payment technology. All you need to be eligible, is to be 18 or over with a good credit rating and either be an Australian resident, or a non-permanent resident with more than nine months on your visa.

Overall Rating

A basic platinum card with a selection of handy features, the ANZ Platinum Credit Card could help to save you money with $0 annual fee for the first year (and the opportunity to pay no annual fee each year thereafter) and 0% p.a. on balance transfers for 18 months.

User reviews

ANZ Platinum Credit Card ( based on 30 Creditcard.com.au user reviews )

75% rating based on 30 reviews

Rates
Fees
Rewards
Customer Service
Value
78%

Victor G

18 December 2019

This is an excellent platinum card, with terrific benefits for a reasonable yearly fee. It has no \"rewards\" programme but has full travel benefits for both international and domestic travel,including domestic car rental excess cover which is a rarity with most platinum cards. I have found the ANZ customer service staff to be excellent on the few times I have needed their assistance. I highly recommend this card, especially if you travel domestically quite often.

Recommends this card

Rates and fees

Interest rates



Purchase rate 20.24% p.a.

Cash advance rate 20.24% p.a.

Interest free period on purchases up to 55 days

Balance transfer

Balance transfer rate 0% p.a. for 18 months

Balance transfer revert rate 20.24% p.a.

Balance transfer from personal loan No

Balance transfer fee 2% one off

Balance transfer limit 95% of approved credit limit

Banks you can't balance transfer from ANZ

Credit limits

Minimum credit limt $6,000

Maximum credit limit N/A

Fees & repayments

Annual fee $87 p.a.

Additional card holder fee Up to 9 at no extra cost

Foreign transaction fee 3%

Minimum repayment 2%

Annual fee the first year $0

Cash advance fee 2%

Late payment fee $20

Additional features

Complimentary insurance

International Travel Insurance Yes

Flight Inconvenience Insurance Yes

Transit Accident Insurance No

Smartphone Screen Insurance No

Purchase Protection Insurance Yes

Extended Warranty Insurance Yes

Rental Vehicle Excess In Australia Insurance Yes

Extras

Eligible with Apple Pay, Google Pay, Samsung Pay, Fitbit Pay, and Garmin Pay.

Overview

ANZ Platinum Credit Card

A great choice if you like to travel, the ANZ Platinum card also offers flexible payment options on travel-related purchases over $500, as well as complimentary International Travel Insurance. You will also have access to a 24/7 Personal Concierge service, which can help with everything from booking flights to giving recommendations for your next holiday. Cardholders can also enjoy Rental Vehicle Excess In Australia Insurance, Purchase Protection Insurance, Extended Warranty and Interstate Flight Inconvenience Insurance. Add up to 9 additional free cardholders, get access to exclusive entertainment packages with Visa Entertainment, worldwide emergency card replacement, and up to 55 days interest free on purchases.

Key features

  • No Annual fee first year ($87 thereafter)
  • 0% p.a. for the first 18 months on balance transfers with a 2% Balance Transfer fee. Reverts to standard balance transfer rate, currently 20.24% p.a.
  • Platinum Concierge
  • International Travel Insurance
  • Rental Vehicle Excess In Australia Insurance, Interstate Flight Inconvenience Insurance
  • Extended Warranty Insurance, Purchase Protection Insurance and Guaranteed Pricing Scheme
  • ANZ Falcon security monitoring for fraudulent transactions 24/7
  • Up to 9 additional card holders at no additional cost
  • Eligible with Apple Pay, Google Pay, Samsung Pay, Fitbit Pay, and Garmin Pay.

Minimum criteria to apply for this card

  • Be over 18 years old

  • Good Credit and have not applied for multiple credit cards recently

  • Permanent Australian resident or non-permanent resident with more than 9 months remaining on your Visa

  • You have your personal details ready to complete the online application

Roland B Bleyer

Roland B Bleyer founded Creditcard.com.au in 2005 and has extensive knowledge about credit cards. He personally answers all questions and write the editor reviews for each card here. Always keen to share his passion to educate consumers and help you select better suited credit cards.

Recently Asked Questions

Something you need to know about this card? Ask a our credit card expert a question.

201 questions (showing the latest 10 Q&As)

Billy

Billy

11 December 2019
Can we obtain credit card of $50,000 with average credit score of 518? I have stable job and no mortgage. Also how does it impact my credit score in future?
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    13 December 2019
    Hi Billy, a maximum credit limit has not been provided by ANZ. Therefore it could be possible to get a 50k limit. You can request this at the time of application. Though, if approved, the bank will assign you a limit based on your personal situation. 50k is a huge limit to get straight off the bat. You would need great income v expenses, assets v liabilities and credit history to get this type of limit.

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