ANZ Platinum Credit Card | Comparison & Online Application

ANZ Platinum Credit Card

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Card features
balance transfer
purchase rate
annual fee
Money saved
ANZ Platinum Credit Card
0% p.a. for the first 18 months on balance transfers with a 2% balance transfer fee on amounts transferred. Reverts to 20.24% p.a.
Up to 55 days interest free on purchases when you pay your account in full each month.
$0 annual fee for the first year (save $87).
Add to comparison
18 months
0% p.a.
then 20.24%
with a 2% fee
20.24% p.a.
1st year
then $87

Pros & cons

What's good?

What's not so good?

0% p.a. for the first 18 months on balance transfers with a 2% balance transfer fee on amounts transferred. Reverts to 20.24% p.a.
Up to 55 days interest free on purchases when you pay your account in full each month.
No annual fee for the first year. And the annual fee is $0 each year thereafter if you make $20,000 of eligible purchases in 12 months.
Has some travel insurances if you’re travelling in Australia or overseas.
Platinum personal concierge service available all day, every day.
PayWave technology makes shopping even easier, and faster.
Google Pay™, Samsung Pay™ and Apple Pay let you use your compatible Android or Apple device to tap and pay.
The $87 p.a. annual fee on the 2nd year of having the card is only waived if you spend over $20,000 annually (which is equivalent to spending $1,666 per month).
2% balance transfer fee on amounts transferred.
The balance transfer revert interest rate is 20.24% p.a.

Complimentary insurance covers: AWP Australia Pty Ltd ABN 52 097 227 177 AFSL 245631(trading as Allianz Global Assistance) under a binder from the insurer, Allianz Australia Insurance Limited ABN 15 000 122 850 AFSL 234708 has issued a group policy to Australia and New Zealand Banking Group Limited (ANZ) ABN 11 005 357 522 AFSL and Australian credit licence 234527 which allow eligible ANZ account holders and cardholders to claim under the group policy as third party beneficiaries. The eligibility criteria, terms, conditions, limits and exclusions of the group policy are set out in the Premium Cards – Insurances Policy Information booklet and the ANZ Credit Cards Insurance Features booklet which may be amended from time to time. An excess may be deducted from any benefit paid. ANZ does not guarantee this insurance. Any advice has been prepared without taking into account your objectives, financial situation or needs. You must check whether or not it is appropriate, in light of your own circumstances, to act on this advice.

Disclaimer (2): Reviews rely upon third party information that may not be correct or may be changed without Credit Card Compare’s knowledge. You must carefully consider your own circumstances before making any commitments and confirm all offers and terms with credit card providers before accepting them. Please refer to our T&Cs for more.

Our review

Our review of the ANZ Platinum Credit CardReviewed by Yvonne Taylor

For most credit card users, the word 'platinum’ is immediately associated with earning reward points at a fairly high rate, the possibility of free flights and airport lounge passes and a range of insurance policies, all packaged into a card with a consequently high annual fee. But ANZ has decided to be different with its ANZ Platinum Credit Card, and as a result may have captured a part of the market looking for a card with premium benefits but not interested in reward or frequent flyer points.

So there are no rewards points of any kind with this card, and no free flights or lounge passes, but it does come with a zero-interest balance transfer offer, all the standard complimentary insurance policies, some peripheral benefits, and a very moderate annual fee for a platinum card.

Balance transfer offer – 0% p.a. for 18 months

ANZ have recognised that most applicants for a platinum card will not be newcomers to the world of credit cards. That is, they will have an existing card on which there may be a substantial balance owing. So what could be easier – and more welcoming – than the proposition of postponing repayment of that balance for 18 months?

Bring your balance across from your existing card, make only 2% minimum monthly repayments, and pay no interest for an extended period. During those 18 months you can let the cash destined for repayments work hard in your mortgage offset account instead (reducing your mortgage interest bill) or in a term deposit (earning income).

Sadly, it’s not all good news. You will have to pay an upfront fee equivalent to 2% of the balance transferred. That’s roughly the same as paying 1.5% p.a. on the balance for 18 months, rather than being totally interest free.

There’s a hefty 20.24% p.a. revert rate too, if you haven’t cleared the balance after 18 months. This rate also applies to any cash advances taken, and the 20.24% p.a. purchase interest rate is also seriously unattractive.

Annual fee waiver

The regular annual fee is $87 p.a., but this is automatically waived in the first year, and also in any subsequent year in which you spend $20,000 using the card. That’s an average of $1,666 per month, possibly not achievable for anyone who has only low income. But if you direct all your purchases through the card, and sign up members of your family as supplementary cardholders, paying an annual card fee could be a thing of the past.

Complimentary international travel insurance cover ticks all the boxes

ANZ have left nothing out of the suite of insurance policies built into this card, and the international travel insurance is particularly comprehensive. It’s a multi-trip annual policy for cardholders and their families, covering emergency medical expenses, evacuation, repatriation, unavoidable trip cancellation costs, travel delay, luggage cover (loss, damage, theft and delay), death benefits and personal liability. It also saves you even more by providing overseas rental vehicle excess cover of up to $5,000 (with a $350 deduction, however, if you are involved in a collision) and up to $750 to cover the cost of dropping off the vehicle if another claimable event prevents you from returning it yourself.

ANZ state that this policy could save you up to $800 per year, and ANZ’s Allianz Master Policy certainly appears to offer more protection than some of the less expensive policies you could buy yourself. Also worthy of note is the very low eligibility threshold, activating cover when you purchase just $250 worth of pre-paid trip expenses using your card.

Other complimentary insurance policies

This card’s insurance cover doesn’t stop with overseas travel. Here’s what you’ll get in addition:

  • Rental vehicle excess cover in Australia of up to $5,000.
  • Transit accident cover for you and your family, providing you paid the full fare on your card.
  • Interstate flight inconvenience insurance, covering cancellation, delays, and luggage loss, damage or delay, when you pay the full return flight cost using your card.
  • Extended warranty of up to 12 extra months on top of manufacturer’s Australian warranty, for items purchased with the card.
  • Purchase protection insurance against loss, theft or damage for card purchases.
  • Guaranteed pricing scheme. Don’t worry if you purchase something using this card, and then find it advertised locally at a lower price in a printed catalogue within 21 days. ANZ will refund the difference, providing your original purchase was not made online.

Useful extras

Platinum cards always have a few peripheral trimmings which are difficult to put a value on unless you can actually find a use for them. The selection available with this particular platinum card includes complimentary membership of Visa Entertainment (access to pre-sales concert tickets, movies, special offers and competitions) and a personal concierge service (restaurant recommendations and bookings, taxi bookings, theatre tickets &c).

Convenience and security

As well as payWave for tap and go purchases under $100, you can also use Apple Pay or Google Pay™. Leave your card at home and pay with your mobile device instead.

ANZ cards are protected by ANZ Falcon’s constant monitoring for potential fraud, and by the ANZ Fraud Money Back guarantee. But if that’s not enough security for you, you can also opt for ANZ Credit Card Insurance. Payment of a premium of 60 cents for every $100 of each month’s closing balance will see your repayments taken care of in the event of your death, permanent serious illness or disability, or involuntary unemployment.

Not everyone is interested in rewards points

The ANZ Platinum Credit Card is clearly designed for someone who has absolutely no interest in collecting rewards or frequent flyer points, deeming them either too expensive or simply not worth the effort. This same person is, however, likely to be a regular interstate and overseas traveller who can appreciate the travel insurance and other privileges that come with a platinum card, especially one which has the potential to be totally free of any annual fee.

Disclaimer: Reviews rely upon third party information that may not be correct or may be changed without Credit Card Compare’s knowledge. You must carefully consider your own circumstances before making any commitments and confirm all offers and terms with credit card providers before accepting them. Please refer to our T&Cs for more.

User reviews

3.5 out of 5.0 based on 24 reviews79% of reviewers would recommend this card

Rates and fees
Customer service

Reviews from users

Low rate, balance transfer option, customer focus

Reviewed and recommended by Nancy on 26 Nov 2016

I like this credit card because it has a low interest rate. It allowed me to do a balance transfer, and they are a customer-focused company. If I was ever experiencing trouble with my card, I was able to contact them and sort it out quickly. It doesn’t have a rewards program though.

Good perks, $250 voucher and no fee first year

Reviewed and recommended by Leah on 18 Nov 2016

Upon receiving the ANZ Platinum Credit Card I got $250 to spend on any purchase. I also got free travel insurance. For the first year there are no payments for having the card.

I am very pleased with the perks. The fees are quite low and it is interest free for the first 55 days.

Check the frequent flyer points conversion rate

Reviewed and recommended by Paul on 03 Oct 2016

Be careful to look into how points are transferred. For example, a 75,000 bonus ANZ points offer only equates to 37,500 Virgin points. Other cards may have a higher value to their points, which can sometimes be easily overlooked.

Amazing card, looks good

Reviewed and recommended by Sukh on 27 Sep 2016

It’s pretty good. I received an automatic upgrade from bank service. It is amazing and the card looks really good as it is a shining silver colour.

The fees, I guess, were waived for me, but overall I believe the fees are pretty low for this card, in comparison to other banks and what is offered with the card.

Meets all my needs

Reviewed and recommended by Charlotte on 23 Sep 2016

I use my credit card for every purchase. I get rewards in the form of an everyday shopping voucher card, and I do not like carrying large amounts of cash so I find that this one card meets all my needs.

I have used ANZ for quite a few years now and I have always been very satisfied with the service and security that my bank give me with my card.

Convenience and rewards

Reviewed and recommended by Frank on 21 Sep 2016

This Visa card provides the access I require whenever I need it and wherever I am, and also gives a great variety of rewards that i have used for gifts to family members.

It’s convenient and makes life in a cashless society very real, with payWave at most retail outlets and online sales both local and overseas.

Cumbersome approval process if you're self-funded

Reviewed and recommended by Carmel on 21 Sep 2016

There is currently a really great offer from ANZ. Upon successfully applying for their ANZ credit card, $200 credit will be added to the card within two months. However, proof of income must be provided. That’s fine, except I’m a self-funded individual. I don’t have an employer, so could not produce a payslip as proof of income. I could however, provide my last year’s tax return assessment and proof of rental return from my investment house.

Unfortunately, after long conversations with the customer service representatives, the Australian Tax Office assessment was not sufficient and I still needed to provide a copy of each page of my tax return that was submitted to the ATO. I advised ANZ that this was all electronically submitted and the ATO will only provide a printed copy of my return upon application to the ATO and this would take approximately 50 days. The ATO assessment shows my total income. Is that not proof of income? Now I need to wait 50 days for my tax print-out, and the ANZ offer will probably be over! Thanks ANZ.

Excellent rewards program

Reviewed and recommended by Bernd on 20 Sep 2016

I have been with the ANZ for over 30 years. They have always had great customer service and also great products.

I was upgraded to premium rewards for both my AmEx and Visa cards, without higher fees or other charges. Their rewards system and payments are one of the best around

Great for travelling

Reviewed and recommended by Jason on 23 Aug 2016

I got this card mainly for the travel insurance feature. Activate it and spend $100 towards your holiday using the card, and you’re all set up for free comprehensive travel insurance — really helpful and very easy to set up.

ANZ Platinum offers excellent rewards especially if you use the American Express card.

Great card, highly recommended.

No rewards program

Reviewed and not recommended by Amit on 15 Jul 2016

ANZ Platinum is not that good as the interest rates are too high. Also they don’t offer any rewards on purchases. The only good thing is the insurance with the credit card, but it comes at a price, so it has some more charges altogether added to your card.

There are more annual fees as well.

Show 14 more reviews
Disclaimer: The opinions expressed about credit cards are the reviewer's alone, and do not reflect the views of Credit Card Compare or the credit card issuer. Reviews have not been approved or otherwise endorsed by Credit Card Compare.

The basics

About this card

Card setup
Card tier
Card type
Card use
Credit rating
Gambling transactions allowed
Joint application
Minimum age
18 years old
Minimum income
Minimum income for pensioners
Rewards program
Non-Permanent Australian residents


Additional cardholders
Additional card fee
$0 p.a.

Credit limits

Minimum credit limit
Maximum credit limit


Interest charged from
Purchase date
Interest free period
Up to 55 days on purchases
Minimum repayment
whichever is greater, $25 or 2%

Balance transfers

The offer

Interest ratePeriodFeeLimitRevert rate
Balance transfers0% p.a.18 months2%95% of credit limit20.24% p.a.

Balance transfers to this card

Balance transfer earns rewards
Balance transfer fee payment due
First statement
Balance transfer from personal loan
Balance transfer processing time
10 - 14 days
Interest free days with unpaid balance
0 days
Maximum balance transfer
95% of credit limit
Available to existing customers

Banks you can't balance transfer from

You can't balance transfer to the ANZ Platinum Credit Card at the promotional balance transfer rate from:

  • ANZ

Rates & fees

Promotional interest rates

Interest ratePeriodFeeLimitRevert rate
Balance transfers0% p.a.18 months2%95% of credit limit 20.24% p.a.
PurchasesN/AN/AN/AN/A N/A

Ongoing interest rates

Cash advances 1.69% 20.24% p.a.
Purchases 1.69% 20.24% p.a.


Annual fee
$0 p.a.
Annual fee 2nd year
$87 p.a.
Cash advance fee
Dishonour fee
Duplicate statement fee
Foreign exchange fee
Late payment fee
Over limit fee
Overseas ATM balance fee
Overseas ATM withdrawal fee
Overseas emergency card replacement fee
Transaction verification fee

Minimum criteria for this card

What you need before applying

Be over 18 years old
You are a resident or citizen of Australia
Have a good credit history
You have your personal details ready to complete the online application
Have not applied for multiple credit cards recently
Non-permanent resident with more than 9 months remaining on your Visa
Age Pension, Disability Pension and Veteran's Pension are acceptable.
Carer's Allowance, Child Support Payments and Family Tax Benefits and Parenting Payments are acceptable.
Joint applications are not allowed
Overseas Pension and Widower's Pension are not acceptable.
Austudy, Foster Care Allowance and Youth Allowance are not acceptable.
Disclaimer: The minimum criteria are intended only to be a guide. Your application may still be rejected by the bank even if you can answer 'Yes' to all the minimum criteria. The final decision regarding your application is up to the bank.

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People are happy
Rated 4.8 out of 5 for customer satisfaction.
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