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Pros
No annual fee for the first year
0% on balance transfers for the first 13 months
9 free extra card holders means lots of extra points earning across the family
Good flexibility on flight options
Points can be used to reduce your balance or pay annual fee
Cons
High $149 annual fee after the first year
Be rewarded for every dollar you spend and enjoy no annual fee for the first year. An ideal choice if you are looking for a Platinum Card with balance transfer facilities, the CUA Platinum Credit Card is currently offering 0% p.a. on transferred balances for the first 13 months. The annual fee is waived the first year – $149 thereafter. If you are looking for rewards, the CUA Platinum Credit Card has it covered. You will earn 1 point for each dollar you spend, and points can be redeemed on more than 300 items. You can also choose from a range of electronic items, shopping vouchers for leading retailers, and cashback. Choosing the CUA Platinum Credit Card, you can also benefit from up to 55 days interest free on purchases, no price guarantee, purchase protection, up to 9 additional cardholders (no charge) and 24/7 Platinum concierge.
I recently got this card for the balance transfer offer. I wanted longer to pay off the transferred balance and this was a great offer. The other reason I chose this card was for the rewards points. I have been earning quite a few points and look forward to spending them.
Recommends this card
| Interest Rates | |
| Purchase rate | 19.99% p.a. |
| Cash advance rate | 21.74% p.a. |
| Interest free on purchases | up to 55 days |
| Balance Transfer | |
| Balance transfer rate | 0% p.a. for 13 months |
| Balance transfer fee | No fee |
| Balance transfer revert rate | 21.74% p.a. |
| Balance transfer limit | 80% of your approved new credit limit |
| Balance transfer from personal loan | No |
| Banks you can't balance transfer from | CUA |
| Credit limits | |
| Minimum credit limit | $5,000 |
| Maximum credit limit | N/A |
| Fees & repayments | |
| Annual fee | $149 p.a. |
| Annual fee first year | $0 |
| Additional cardholder fee | Up to 9 at no extra cost |
| Cash advance fee | 2% |
| Foreign transaction fee | 3.4% |
| Minimum repayment | 3% |
| Late payment fee | $12.50 |
| Credit card type | Mastercard |
| Rewards program | |
| Rewards program | CUA Life Rich Rewards |
| Annual points cap | uncapped |
| Bonus points spend criteria | N/A |
| Earning points with this card | |
| CUA Life Rich points | 1 point per $1 spent |
| Overseas earn rate | same as standard earn rate |
| Points cap per month | N/A |
| Complimentary insurance | |
| Overseas travel insurance | yes - up to months |
| Flight inconvenience insurance | No |
| Transport accident cover | No |
| Smartphone screen insurance | No |
| Purchase protection insurance | Yes |
| Extended warranty insurance | No |
| Rental vehicle excess cover | No |
| Extras | |
| Eligible with Apple Pay and Google Pay |
A flexible option for cardholders looking to earn rewards on their everyday purchases, the CUA Platinum Credit Card offers a choice of reward options on the CUA Life Rich Rewards program. As a platinum card, it also provides a number of platinum perks, such as complimentary overseas travel insurance, no annual fee for the first year, and 0% p.a. on balance transfers for 13 months.
While it may offer a few nice perks, the CUA Platinum Credit Card is a rewards card above all. As a cardholder, you will earn 1 CUA Life Rich Rewards point for every $1 dollar you spend on purchases on the card, capped at 100,000 points per year. As long as you remain a CUA Platinum Credit Card holder – and your account remains in good standing – your points will never expire.
So, what can you spend those points on? The CUA Life Rich Rewards program is pretty flexible, allowing users to choose from a range of rewards points redemption options through the program’s easy-to-use online store, with the option to redeem points for merchandise such as toys and tech, appliances and homewares, or on gift cards.
Alternatively, users can access the program’s full-service travel website, Redeem4Travel to redeem points for travel. CUA Life Rich Rewards points can be used to book and pay for flights, accommodation, tours, activities, car hire and more – and if you don’t have enough points in your account, you can use Points plus Pay to cover your travel selection.
Why choose the CUA Platinum Credit Card over other platinum rewards cards? Well, one reason to choose this card could be for its introductory offers. First up, the card has no annual fee for the first year. That means new cardholders can earn rewards and enjoy all the extras offered on the card while paying zip in annual fees in the first year.
Secondly, the card’s balance transfer offer. New cardholders can take advantage of 0% p.a. on balance transfers for 13 months, with no balance transfer fee. This could provide a great way for cardholders to clear their credit card debt while paying no interest and no annual fee. Take note, you may transfer up to 80% of your credit limit from non-CUA issued credit cards.
As with most platinum rewards cards, the CUA Platinum Credit Card’s standard annual fee is sizable. But as long as you avoid interest – both the purchase rate and cash advance rate on this card is high – and you get more back in rewards and features, that annual fee may worthwhile for you as a cardholder.
If earning points is your thing, the CUA Platinum Credit Card may just be for you. You can earn points on most purchases, to then spend as you like within the CUA Life Rich Rewards program. As we mentioned earlier, there are some platinum perks also offered, which could help to make this card even more appealing.
You could benefit from complimentary international travel insurance and transit accident insurance, while also taking advantage of purchase protection insurance, providing cover for loss, theft or accidental damage on eligible items purchased on your card within 90 days. The card also offers the services of a personal concierge via Mastercard Concierge.
If you’re looking for added functionality, you can sync your card with your device to use Google Pay and Apple Pay. And, if you want to keep interest costs low, you can take advantage of up to 55 days interest free on purchases as long as you pay off your balance by the due date in the previous month. There is no interest free period on cash advances or balance transfers.
Offering an easy way to earn points on a flexible rewards program, the CUA Platinum Credit Card also provides extras in the form of complimentary insurance cover, no annual fee for the first year, and 0% p.a. on balance transfers for 13 months.
A flexible option for cardholders looking to earn rewards on their everyday purchases, the CUA Platinum Credit Card offers a choice of reward options on the CUA Life Rich Rewards program. As a platinum card, it also provides a number of platinum perks, such as complimentary overseas travel insurance, no annual fee for the first year, and 0% p.a. on balance transfers for 13 months.
While it may offer a few nice perks, the CUA Platinum Credit Card is a rewards card above all. As a cardholder, you will earn 1 CUA Life Rich Rewards point for every $1 dollar you spend on purchases on the card, capped at 100,000 points per year. As long as you remain a CUA Platinum Credit Card holder – and your account remains in good standing – your points will never expire.
So, what can you spend those points on? The CUA Life Rich Rewards program is pretty flexible, allowing users to choose from a range of rewards points redemption options through the program’s easy-to-use online store, with the option to redeem points for merchandise such as toys and tech, appliances and homewares, or on gift cards.
Alternatively, users can access the program’s full-service travel website, Redeem4Travel to redeem points for travel. CUA Life Rich Rewards points can be used to book and pay for flights, accommodation, tours, activities, car hire and more – and if you don’t have enough points in your account, you can use Points plus Pay to cover your travel selection.
Why choose the CUA Platinum Credit Card over other platinum rewards cards? Well, one reason to choose this card could be for its introductory offers. First up, the card has no annual fee for the first year. That means new cardholders can earn rewards and enjoy all the extras offered on the card while paying zip in annual fees in the first year.
Secondly, the card’s balance transfer offer. New cardholders can take advantage of 0% p.a. on balance transfers for 13 months, with no balance transfer fee. This could provide a great way for cardholders to clear their credit card debt while paying no interest and no annual fee. Take note, you may transfer up to 80% of your credit limit from non-CUA issued credit cards.
As with most platinum rewards cards, the CUA Platinum Credit Card’s standard annual fee is sizable. But as long as you avoid interest – both the purchase rate and cash advance rate on this card is high – and you get more back in rewards and features, that annual fee may worthwhile for you as a cardholder.
If earning points is your thing, the CUA Platinum Credit Card may just be for you. You can earn points on most purchases, to then spend as you like within the CUA Life Rich Rewards program. As we mentioned earlier, there are some platinum perks also offered, which could help to make this card even more appealing.
You could benefit from complimentary international travel insurance and transit accident insurance, while also taking advantage of purchase protection insurance, providing cover for loss, theft or accidental damage on eligible items purchased on your card within 90 days. The card also offers the services of a personal concierge via Mastercard Concierge.
If you’re looking for added functionality, you can sync your card with your device to use Google Pay and Apple Pay. And, if you want to keep interest costs low, you can take advantage of up to 55 days interest free on purchases as long as you pay off your balance by the due date in the previous month. There is no interest free period on cash advances or balance transfers.
Offering an easy way to earn points on a flexible rewards program, the CUA Platinum Credit Card also provides extras in the form of complimentary insurance cover, no annual fee for the first year, and 0% p.a. on balance transfers for 13 months.
CUA Platinum Credit CardI recently got this card for the balance transfer offer. I wanted longer to pay off the transferred balance and this was a great offer. The other reason I chose this card was for the rewards points. I have been earning quite a few points and look forward to spending them.
Recommends this cardPurchase rate 19.99% p.a.
Cash advance rate 21.74% p.a.
Interest free on purchases up to 55 days
Balance transfer rate 0% p.a. for 13 months
Balance transfer revert rate 21.74% p.a.
Balance transfer from personal loan No
Balance transfer fee No fee.
Balance transfer limit 80% of approved credit limit
Banks you can't balance transfer from CUA
Minimum credit limt $5,000
Maximum credit limit N/A
Annual fee $149 p.a.
Additional card holder fee Up to 9 at no extra cost
Foreign transaction fee 3.4%
Minimum repayment 3%
Annual fee the first year $0
Cash advance fee 2%
Late payment fee $12.50
Rewards Program CUA Life Rich Rewards
Bonus points N/A
Annual points cap uncapped
Bonus points spend criteria N/A
CUA Life Rich points 1 point
per $1 spent
Points cap per month N/A
Overseas earn rate same as standard earn rate
Overseas travel insurance yes
Flight inconvenience insurance No
Transport accident cover No
Smartphone screen insurance No
Purchase protection insurance Yes
Extended warranty insurance No
Rental vehicle excess cover No
Eligible with Apple Pay and Google Pay
Be rewarded for every dollar you spend and enjoy no annual fee for the first year. An ideal choice if you are looking for a Platinum Card with balance transfer facilities, the CUA Platinum Credit Card is currently offering 0% p.a. on transferred balances for the first 13 months. The annual fee is waived the first year – $149 thereafter. If you are looking for rewards, the CUA Platinum Credit Card has it covered. You will earn 1 point for each dollar you spend, and points can be redeemed on more than 300 items. You can also choose from a range of electronic items, shopping vouchers for leading retailers, and cashback. Choosing the CUA Platinum Credit Card, you can also benefit from up to 55 days interest free on purchases, no price guarantee, purchase protection, up to 9 additional cardholders (no charge) and 24/7 Platinum concierge.
Be over 18 years old
Good Credit and have not applied for multiple credit cards recently
Resident or citizen of Australia
You have your personal details ready to complete the online application
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.
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Apply by 31 Aug 19
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