ANZ Rewards Platinum

Name: ANZ Rewards Platinum
Brand: ANZ

Data last updated 27 July 2026

20.99%

Purchase rate

$94

Annual fee

125,000

Bonus points

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Fair

Overall score, out of 100 · How this works

Balance transfer38
Frequent flyer53
Rewards52
Sign-up bonus55
Travel50
Velocity Points53

Customer reviews

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Pros & cons

What's good

125,000 bonus points to start, worth around $630 at our 0.5c-per-point valuation.
Complimentary international travel insurance, purchase protection and extended warranty.
Complimentary concierge service.
Points transfer to 4 frequent flyer programs, including Air New Zealand Airpoints, Cathay (Asia Miles) and Singapore Airlines KrisFlyer.

Worth noting

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.
The 1.5-point rate on everyday spend applies only to the first $2,000 spent each statement period, then drops to 0.5 points per $1.
3.5% foreign transaction fee on overseas spending, at the high end of the market.
Up to 44 interest-free days on purchases (below the 55-day median).

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: ANZ Rewards Program

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: $94 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: 1.5 pts per $1 up to $2,000 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 $2,000 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: 125,000 points

Also available

Earn Velocity Frequent Flyer points directly(80,000 sign-up bonus points)

Same card, different loyalty program. You choose at signup.

Transfer partners

Air New Zealand Airpoints: 200 pts → 1 pt (≈ 1 pt per $133)
Cathay (Asia Miles): 3 pts → 1 pt (≈ 0.5 pts per $1)
Singapore Airlines KrisFlyer: 3 pts → 1 pt (≈ 0.5 pts per $1)
Velocity Frequent Flyer: 2 pts → 1 pt (≈ 0.75 pts per $1)

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

Annual fee$94 a yearMiddle of the market (106th of 200 cards)

Sign-up bonus$625Middle of the market (36th of 59 cards)

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

Rewards value$210 a yearNot as good as most cards (65th of 95 cards)

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

Overseas fee3.50%Not as good as most cards (152nd 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: ANZ Rewards