Credit Card Compare

American Express Velocity Platinum Card vs ANZ Rewards Platinum

Compare American Express Velocity Platinum Card, ANZ Rewards Platinum side by side: annual fees, interest rates, rewards and eligibility to find the right card for you.

You may have seen us in
The Sydney Morning HeraldNews.com.auYahoo! FinanceDaily Mail Australia
Side-by-side comparison of American Express Velocity Platinum Card vs ANZ Rewards Platinum.
American Express Velocity Platinum Card card
American Express Velocity Platinum Card
ANZ Rewards Platinum card
ANZ Rewards Platinum

Card details

Overall
33Basic
50Fair
Highest
55 days interest-free31/100
Airport lounge30/100
Balance transfer38/100
Frequent flyer35/10053/100Highest
Rewards31/10052/100Highest
Sign-up bonus38/10055/100Highest
Travel32/10050/100Highest
Velocity Points35/10053/100Highest

The basics

Card tierPlatinumPlatinum
Card typeAmerican ExpressVisa
Credit ratingGoodGood
Rewards programVelocity Frequent FlyerANZ Rewards Program
Credit limit$3,000 – $100,000$6,000 – $100,000

Eligibility

Minimum age18 years old18 years old
Minimum incomeNot specifiedNot specified
ResidencyAustralian citizen or permanent residentAustralian citizen or permanent resident
Joint applicationNoNo
Temporary residentsEligibleEligible
Instant approvalYes (~60 seconds)Yes (~60 seconds)

Repayments

Interest-free periodUp to 55 daysHighestUp to 44 days
Minimum repayment2.5% of the closing balance or $30, whichever is greater2% of the closing balance or $25, whichever is greater

Rates & fees

Ongoing interest rates

Purchases23.99% p.a.20.99% p.a.Lowest
Cash advances23.99% p.a.21.99% p.a.Lowest

Fees

Annual fee$440 p.a.$94 p.a.Lowest
Monthly fee
Additional cardholder fee$0Lowest$65
Cash advance fee3% of the amount
Foreign transaction fee3.5%3.5%
Late payment fee$30$20Lowest

Rewards

How many points could you earn?

Enter your monthly spend to see estimated annual points for each card below.

$

Earn rate

Everyday spend1.25 pts per $11.5 pts per $1 up to $2,000 per statement period
Bonus categoriesNoneNone
Other purchasesNoneNone
Overseas spendNoneNone
ATO/government0.5 pts per $1 on ATO and government paymentsNone
Reduced rate above monthly capNone0.5 pts per $1 above $2,000 per statement period
Points capUncappedUncapped
Points expiryPoints don't expire while your account is open and in order.Points don't expire while your account is open and in order.
Estimated annual points95,000 ptsWorth $950167,000 ptsWorth $835Highest

Sign-up bonus

Sign-up bonus50,000 points125,000 pointsHighest
Bonus spend required

Transfer partners

Air New Zealand Airpoints200 pts → 1 pt (≈ 1 pt per $133)
Cathay (Asia Miles)3 pts → 1 pt (≈ 0.5 pts per $1)
Singapore Airlines KrisFlyer3 pts → 1 pt (≈ 0.5 pts per $1)
Velocity Frequent Flyer2 pts → 1 pt (≈ 0.75 pts per $1)

Related comparisons

Sources

Credit Card Compare
How CardIQ scores cards