ANZ Frequent Flyer Platinum

34 reviews

Data last updated 27 July 2026

20.99%

Purchase rate

$240

Annual fee

40,000

Bonus points

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CardIQ

35Basic

Basic

Overall score, out of 100 · How this works

Balance transfer34
Frequent flyer34
Qantas Points34
Rewards33
Sign-up bonus37
Travel36

Customer reviews

3.7

Based on 34 reviews. We show 20 of them.

Reviewers spoke well of day-to-day use and rewards, though complaints about fees came up too.

BrianRecommends

Expensive but rewarding

I wouldn’t get this card as a standalone product due to the high fees, but as a part of a package. The frequent flyer points ratio is high compared to other cards out there.

WayneRecommends

It's been convenient and reliable

I’m happy with this card as it’s convenient and easy to use for my family. I have received great assistance when making any enquiries into any queries that might have occurred during its use, and feel safe in having this card with this bank. I would have no hesitation in…

TonyDoesn't recommend

High fee but high rewards

It has a very high fee and high rewards. If you are not a big spender, then don’t use this card. However if you spend lots of money, you may even need the rewards.

AnneDoesn't recommend

Go with a lower rate, low fee card

The annual fee on this credit card is quite high. The interest rate is pretty high also, but there’s a fairly decent awards program with variety of awards to choose from. Another major negative is that it takes a long time to earn enough points to redeem a decent award. There…

NatnatRecommends

Enjoy the multiple rewards

Every dollar spent on this card earns you points, transferable to anything you wish.The upfront cost is high, but is easily covered by rewards during the year. Qantas points can be used at the Qantas site or for groceries, electricity, flights, clothes, hardware, gift cards,…

KerryRecommends

Rewards, insurance and concierge

They have great fraud protection. You can be rewarded for your everyday purchases and access a flexible rewards program with complimentary insurances and personal concierge. If you’re making purchases on your credit card, you should get something back. You have the flexibility…

ElaineRecommends

Best card I have ever owned

The ANZ Frequent Flyer Platinum Visa card is the best card i have ever owned. it has a long payment period, good interest rate, a low fee, and is accepted all over the world with no hassles. Also there is an American Express rewards card attached at no extra charge. with only…

AndrewRecommends

Great value and features

ANZ look after me well and I fully recommend them. The features and rewards from the card make it easy to travel, to shop and to pay bills in a very efficient manner.The payWave feature allows the speed of interaction to be quick and clean — a great feature.

MichaelRecommends

Convenient and handy card

Very happy indeed with the card. It covers all our travel insurance and is extremely useful at all times. We have used it in England, Singapore, Darwin, Adelaide, Sydney, and wherever we go in Western Australia. It is just so convenient and handy.I am so glad we have it and…

RebeccaRecommends

Would prefer lower interest rate

While I have had this card for sometime I would like to be seen as a valued customer and be rewarded with a cheaper interest rate. I do not need extra bits and pieces which I never use . . . so value me more . . . otherwise I may as well have any other card.

Pros & cons

What's good

40,000 bonus Qantas Points to start, worth around $480 at our 1.2c-per-point valuation.
Complimentary international travel insurance.
Complimentary concierge service.

Worth noting

The $240 annual fee is high for a Platinum card, where the typical fee is about $155.
The 20.99% p.a. purchase rate sits in the most expensive quarter of cards (the median is 18.99% p.a.) if you carry a balance.
Earns 0.75 points per $1 on everyday spend, below the dataset average.
The 0.75-point rate on everyday spend applies only to the first $3,000 spent each statement period, then drops to 0.5 points per $1.

Card details

The basics

Additional cardholder fee: $65 p.a.
Card tier: Platinum
Card type: Visa
Card use: Personal
Credit limit: $6,000 – $100,000
Credit rating: Good
Rewards program: Qantas Frequent Flyer

Eligibility

Instant approval: Yes (response in ~60 seconds)
Joint application: No
Minimum age: 18 years old
Minimum income: Not specified
Residency: Australian citizen or permanent resident
Temporary residents: Eligible

Rates & fees

Ongoing interest rates

Cash advances: 21.99% p.a.
Purchases: 20.99% p.a.

Fees

Additional cardholder fee: $65
Annual fee: $240 p.a.
Cash advance fee: 3% of the amount
Foreign transaction fee: 3.5%
Late payment fee: $20

Repayments

Interest-free period: Up to 44 days on purchases
Minimum repayment: 2% of the closing balance or $25, whichever is greater

Balance transfers

Limit: Up to your available credit limit
Period: 0 months
Promotional rate: 21.99% p.a.
Revert rate: 0.00% p.a.
Transfer fee: 0%

While you carry a transferred balance you may not receive interest-free days on new purchases.

Introductory purchase offer

This card has no introductory purchase rate offer. If you're carrying a balance or planning a big spend, compare 0% purchase cards.

Rewards

Earn rate

Everyday spend: 0.75 pts per $1 up to $3,000 per statement period
Bonus categories: None
Other purchases: None
Overseas spend: None
ATO/government: None
Reduced rate above monthly cap: 0.5 pts per $1 above $3,000 per statement period
Points cap: Uncapped
Points expiry: Points don't expire while your account is open and in order.

Sign-up bonus

Bonus spend required: —
Sign-up bonus: 40,000 points

Where these points could take you

Flights you could book with the sign-up bonus plus a year of spending $3,000 a month on this card. One-way from Sydney or Melbourne, one adult, before taxes and carrier charges. Award prices and seat availability change.

Complimentary insurance

Cover has conditions and exclusions, which are set out in the issuer's PDS. A missing row means we haven't captured that figure, not that the cover is absent.

Overseas travel

Activation: Prepay part of the trip on the card
Activation spend: $250
Age limit: 80 years
Cover limit: $20,000,000
Excess: $500
Maximum trip length: 90 days
Not covered: Pre-existing conditions, unless the insurer agrees in writing
Underwriter: Allianz Australia Insurance Limited

Rental vehicle excess

Activation: Book with the card and take the hire company's waiver
Cover limit: $5,000
Excess: $100
Voids cover: Unsealed roads, drink driving, a driver not on the agreement
What it pays: The hire company's excess, not the vehicle

Purchase protection

Activation: Pay for the item with the card
Annual limit: $135,000
Excess: No excess
Not covered: Cash, consumables and animals
Per-item limit: $10,000
Voids cover: Leaving the item unattended in a public place
What it pays: Theft, loss and accidental damage

Extended warranty

Activation: Pay with the card for an item under manufacturer's warranty
Annual limit: $10,000
Excess: No excess
Not covered: Anything the manufacturer's warranty already excluded
Per-item limit: $10,000
What it pays: Mechanical failure once that warranty ends

Where this card sits vs similar cards

Compared with every other personal credit card we list that has the feature. The further right the dot, the better this card does.

FeatureThis cardWhere it ranks

Rewards value$324 a yearMiddle of the market (45th of 95 cards)

Purchase rate20.99%Not as good as most cards (125th of 196 cards)

Interest-free days44 daysNot as good as most cards (141st of 192 cards)

Sign-up bonus$480Not as good as most cards (44th of 59 cards)

Overseas fee3.50%Not as good as most cards (152nd of 200 cards)

Annual fee$240 a yearNot as good as most cards (159th of 200 cards)

Data as at August 2026. Rates change often, so check the issuer's terms. Factual information, not a recommendation.

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Sources

Credit Card Compare: Australian credit card statisticsHow CardIQ scores cards
Government: Product reference data (Consumer Data Right)
Issuer: ANZ
Program: Qantas Frequent Flyer