- Bonus points: Earn up to 80,000 bonus Velocity Points: Earn 60,000 bonus Velocity Points and $50 back to your new card when you spend $3,500 on eligible purchases within the first 3 months from approval and an additional 20,000 bonus Velocity Points when you keep the card for over 15 months from activation. You also need to turn on and keep on auto-redemption, so that your points convert automatically to Velocity Points.
- Earn 1.5 ANZ Reward Points per $1 on eligible purchases up to $2,000 per statement period, then 0.5 per $1 above $2,000 up to $25,000; no points are earned on eligible spending above $25,000. With auto-redemption at 2 ANZ Reward Points to 1 Velocity Point, these rates equal 0.75 and 0.25 Velocity Points per $1 respectively.
- Annual cost: $94 annual card fee plus a mandatory $55 Rewards Program Services Fee per cardholder per year ($149 total for the primary cardholder)
- Travel insurance: Get complimentary international and domestic travel insurance, as well as rental vehicle excess cover in Australia.
- Card insurances: Use purchase protection insurance and extended warranty insurance.
- Extras: 24/7 concierge services to help with bookings, travel, gift ideas and more, plus add up to 9 additional cardholders. Syncs with Apple Pay, Google Pay, Samsung Pay, Fitbit Pay and Garmin Pay.
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ANZ Credit Cards
ANZ Rewards Platinum – Velocity Offer
Updated 2 November 2026
Annual costs: $94 annual card fee plus a separate mandatory $55 Rewards Program Services Fee per cardholder per year. The total for the primary cardholder is $149 per year. Additional cardholders have their own applicable fees.
A stellar card packed with points, the ANZ Rewards Platinum Velocity Offer will deliver up to 80,000 Velocity points in your pocket (and it won’t cost the earth in annual fees). The card earns ANZ Reward Points, which convert to Velocity Points when auto-redemption is enabled. Redeem Velocity Points through the Velocity Frequent Flyer program. This card also comes with travel insurance and card insurances.
Terms and conditions apply.
Points Earn Rate (per $1 spent)
0.75 points
Earn 1.5 ANZ Reward Points per $1 on eligible purchases up to $2,000 per statement period, then 0.5 per $1 above $2,000 up to $25,000; no points are earned on eligible spending above $25,000. With auto-redemption at 2 ANZ Reward Points to 1 Velocity Point, these rates equal 0.75 and 0.25 Velocity Points per $1 respectively.
Rewards Program
Velocity Frequent Flyer/ANZ Rewards
Bonus Points
Up to 80,000 pts
60k + $50 back when you spend $3.5k in the first 3 months + 20k after 15 months
Pros and cons
- Each additional cardholder costs $65 annually
- High interest rates
Creditcard.com.au review
Editor Review
ANZ Rewards Platinum – Velocity Offer
Pauline Hatch
Pauline is a personal finance expert at CreditCard.com.au, with 9 years in money, budgeting and property reporting under her belt. Ask Pauline a Question about this card.
Current points earning: Earn 1.5 ANZ Reward Points per $1 on eligible purchases up to $2,000 per statement period, then 0.5 per $1 above $2,000 up to $25,000; no points are earned on eligible spending above $25,000. With auto-redemption at 2 ANZ Reward Points to 1 Velocity Point, these rates equal 0.75 and 0.25 Velocity Points per $1 respectively.
Points-cap timing for existing accounts: ANZ’s new eligible-spend caps apply to purchases made on or after 28 October 2026 that form part of statements issued on or after 28 November 2026. Check your statement cycle and ANZ’s change notice for the transition that applies to your account.
Annual costs: $94 annual card fee plus a separate mandatory $55 Rewards Program Services Fee per cardholder per year. The total for the primary cardholder is $149 per year. Additional cardholders have their own applicable fees.
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Overall Rating
ANZ has taken one of its most popular cards and given you a new way to earn and redeem points: this time earning Velocity Frequent Flyer points or ANZ Rewards.
The ANZ Rewards Platinum - Velocity Offer has a $94 annual card fee plus a mandatory $55 Rewards Program Services Fee per cardholder per year ($149 total for the primary cardholder), which is surprisingly low considering it has a huge sign-up bonus offer and comes with a bevy of travel insurances. It’s a great way to earn points on your everyday spending that can make travel cheaper, but it does come with some conditions.
What I love about the ANZ Rewards Platinum - Velocity Offer
Before we get stuck into the details of this credit card, I need to point out how the rewards points work. Even though this is a Velocity offer, you’ll still earn ANZ Reward Points. These points are then automatically converted into Velocity Points, but you must have auto-redemption turned on in your account. I’ll explain how auto-redemption works in a moment.
💡If you want to earn ANZ Reward Points, check out the original ANZ Rewards Platinum credit card instead.
Let’s look at the benefits of this card first, starting with the bonus points.
Bonus Points: You can earn up to 80,000 Velocity Frequent Flyer points to your new ANZ Rewards Platinum card when you sign up as a new cardholder. This breaks down into 60,000 bonus Velocity Points and $50 back to your new card when you spend $3,500 on eligible purchases within the first 3 months from approval. To earn the other 20,000 you need to keep the card for more than 15 months from activation.
To be eligible for bonus points, you must have auto-redemption turned on within the first 3 months and keep it on. You’ll receive a redemption email or SMS with a Reward Code to claim your points once you meet all the criteria.
Earning Points: You’ll earn 1.5 ANZ Reward Points per $1 spent on eligible purchases up to and including $2,000 per statement period, then 0.5 ANZ Reward Points per $1 spent on eligible purchases above $2,000 up to and including $25,000 per statement period. No ANZ Reward Points are earned on eligible spending above $25,000 per statement period. When auto-redemption is switched on, 2 ANZ Reward Points convert to 1 Velocity Point, equivalent to 0.75 Velocity Points per $1 in the first tier and 0.25 Velocity Points per $1 in the second tier.
Travel insurance: The travel insurance includes both international and domestic travel. It also comes with vehicle rental excess insurance, which is a very helpful insurance when you’re traveling.
Personal concierge: The 24/7 concierge is a platinum perk where you can call an ANZ concierge anytime to make bookings, purchase gifts, create travel itineraries, buy tickets and much more.
Visa Offers + Perks: Visa cardholders can find discounts and exclusive deals on travel, entertainment, dining and retail stores.
Activating your Velocity Points
To make sure you’re earning Velocity Frequent Flyer Points, you need to have your auto-redemption turned on within 3 months of being approved. Here’s how:
- Join ANZ Rewards and Velocity Frequent Flyer if you’re not already a member.
- Log into your ANZ Rewards account and switch on ‘auto-redemption’. You’ll be prompted to enter your Velocity Member number.
- Keep auto-redemption on until you receive a redemption email or SMS with a Reward Code to claim your 60,000 and 20,000 bonus Velocity Points. Remember you need to also spend at least $3,500 on your card in the first 3 months.
What’s not so great
While this card has plenty of rewards points and travel perks, it also comes with a high interest rate of 22.49% p.a. You’ll get the most value out of your rewards points by paying off your card each month to avoid interest.
Additional cardholders will help you earn points faster, but there is a $65 per year, per person fee that comes with it.
You also won’t be eligible for the bonus points if you currently hold or have held an ANZ Rewards or ANZ Frequent Flyer credit card in the last 24 months.
Who suits the ANZ Rewards Platinum - Velocity Offer?
This card could suit people who want to earn frequent flyer points that can be used for Virgin Airlines and its airline partners. It could be a good fit for globetrotters, with its free travel insurances and concierge services.
User reviews
Rates and fees
Interest rates
Purchase rate 22.49% p.a.
Cash advance rate 23.49% p.a.
Interest free period on purchases up to 44 days
Balance transfer
Balance transfer rate 23.49% p.a.
Balance transfer revert rate 23.49% p.a.
Balance transfer from personal loan No
Balance transfer fee No fee
Balance transfer limit N/A
Brands you can't balance transfer from ANZ
Credit limits
Minimum credit limit $6,000
Maximum credit limit N/A
Fees & repayments
Annual fee $94 p.a.
Additional cardholder fee Up to 9 - $65 p.a. each
Foreign transaction fee 3.5%
Minimum repayment 2% or $25, whichever is greater (personal); 2% or $10, whichever is greater (business)
Cash advance fee 3.5% (minimum $4, maximum $50) for personal cards; 1.5% or $1.50, whichever is greater, for business cards (no cash advance fee at ANZ ATMs in Australia)
Late payment fee $20
Rewards and points
Rewards program
Rewards Program
Velocity Frequent Flyer/ANZ Rewards
Bonus points Up to 80,000 points
Annual points cap 87,000
Bonus points spend criteria 60k + $50 back when you spend $3.5k in the first 3 months + 20k after 15 months
Earning points with this card
Rewards points 0.75 points per $1 spent
Points cap per month Earn 1.5 ANZ Reward Points per $1 on eligible purchases up to $2,000 per statement period, then 0.5 per $1 above $2,000 up to $25,000; no points are earned on eligible spending above $25,000. With auto-redemption at 2 ANZ Reward Points to 1 Velocity Point, these rates equal 0.75 and 0.25 Velocity Points per $1 respectively.
Overseas earn rate same as standard earn rate
Additional features
Complimentary insurance
International Travel Insurance Yes - up to 3 consecutive months
Flight Inconvenience Insurance No
Transit Accident Insurance No
Smartphone Screen Insurance No
Purchase Protection Insurance Yes
Extended Warranty Insurance Yes
Rental Vehicle Excess In Australia Insurance Yes
Extras
Travel insurance underwritten by Allianz global assistance
Compatible with Apple Pay, Google Pay, Samsung Pay, Fitbit Pay, and Garmin Pay.
Domestic Travel Insurance
Overview
ANZ Rewards Platinum – Velocity Offer
The ANZ Rewards Platinum Velocity Offer offers up to 80,000 Velocity points, making it a strong option for earning rewards. ANZ Reward Points earned on eligible purchases convert to Velocity Points when auto-redemption is enabled; Velocity Points are redeemed through Velocity Frequent Flyer. The card also includes travel insurance and other protections, adding extra value to its benefits.
The annual card fee is $94. A separate mandatory $55 Rewards Program Services Fee per cardholder per year applies ($149 total for the primary cardholder).
Earn 1.5 ANZ Reward Points per $1 on eligible purchases up to $2,000 per statement period, then 0.5 per $1 above $2,000 up to $25,000; no points are earned on eligible spending above $25,000. With auto-redemption at 2 ANZ Reward Points to 1 Velocity Point, these rates equal 0.75 and 0.25 Velocity Points per $1 respectively.
Key features
- Bonus points: Earn up to 80,000 bonus Velocity Points: Earn 60,000 bonus Velocity Points and $50 back to your new card when you spend $3,500 on eligible purchases within the first 3 months from approval and an additional 20,000 bonus Velocity Points when you keep the card for over 15 months from activation. You also need to turn on and keep on auto-redemption, so that your points convert automatically to Velocity Points.
- Earn 1.5 ANZ Reward Points per $1 on eligible purchases up to $2,000 per statement period, then 0.5 per $1 above $2,000 up to $25,000; no points are earned on eligible spending above $25,000. With auto-redemption at 2 ANZ Reward Points to 1 Velocity Point, these rates equal 0.75 and 0.25 Velocity Points per $1 respectively.
- Annual cost: $94 annual card fee plus a mandatory $55 Rewards Program Services Fee per cardholder per year ($149 total for the primary cardholder)
- Travel insurance: Get complimentary international and domestic travel insurance, as well as rental vehicle excess cover in Australia.
- Card insurances: Use purchase protection insurance and extended warranty insurance.
- Extras: 24/7 concierge services to help with bookings, travel, gift ideas and more, plus add up to 9 additional cardholders. Syncs with Apple Pay, Google Pay, Samsung Pay, Fitbit Pay and Garmin Pay.
Minimum criteria to apply for this card
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Be over 18 years old
-
Good Credit and have not applied for multiple credit cards recently
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Permanent Australian resident or non-permanent resident with more than 12 months remaining on your Visa
You have your personal details ready to complete the online application
Pauline is a personal finance expert at CreditCard.com.au, with 9 years in money, budgeting and property reporting under her belt. Pauline is passionate about seeing Aussies win by making their money – and their credit cards – work smarter, harder and bigger
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