ANZ Frequent Flyer Platinum Credit Card

My monthly spend: 
$5,000
 
Offer
Card features
Rewards program
Earn rate
Sign up bonus
Points earned
65,000 bonus Qantas points and $150 back when you make one eligible purchase in the first 3 months.
Complimentary Qantas Frequent Flyer Membership.
Eligibility criteria, T&Cs, fees and charges apply.
Add to comparison
Qantas Frequent Flyer
Qantas Frequent Flyer
0.75 pts
per $1 spent
up to $3,000
then 0.5 pts
Above $3,000
More info
65,000
points
after spend criteria

Pros & cons

What's good?

What's not so good?

65,000 bonus Qantas points and $150 back when you make one eligible purchase in the first 3 months.
Complimentary Qantas Frequent Flyer membership, saving you $89.50.
Earn 0.75 Qantas Points per $1 spent on eligible purchases up to $3,000 per statement period.
Get complimentary Overseas Travel and Medical Insurance.
Dedicated personal concierge service available 24/7.
Google Pay™, Samsung Pay™ and Apple Pay let you use your compatible Android or Apple device to tap and pay.
Interest rate on purchases of 19.99% p.a. is up there at the more expensive end of the range.
0.5 Qantas Points per $1 spent on eligible purchases above $3,000 per statement period.

Our review

Our review of the ANZ Frequent Flyer Platinum Credit CardReviewed by Yvonne Taylor

Shrewd frequent flyers like to plan well ahead to secure award flights, often booking overseas air travel twelve months in advance in order to maximise the options available. This means they need to earn their Qantas Frequent Flyer Points with a degree of certainty and as quickly as possible, and the ANZ Frequent Flyer Platinum Credit Card offers them both assurance and a reasonable speed in their points acquisition strategy, as well as a significant bonus points and cashback boost in the first year..

Acceptable points earning rate but rather restrictive cap

The 0.75 QFF points per dollar earning rate for this card is reasonable for a Visa card, which is accepted almost everywhere, often without a surcharge (unlike Amex cards).

Unfortunately there is a points cap, limiting to $3,000 the spending on which you can earn the full 0.75 points per dollar in any monthly statement period. After $3,000, the earning rate drops to 0.5 points per dollar. Since you are likely to put as many of your purchases as possible through the card in order to maximise points earning, you may find yourself running into the threshold several times per year.

Earn regular bonus points with Qantas

One way to earn extra points while avoiding the cap is to do your travel spending through Qantas. ANZ has partnered with Qantas and other bonus partners in order to offer cardholders one extra QFF point per dollar spent. This means that you will get 1.75 points per dollar for spending with these businesses (or 1.5 points per dollar if you’ve exceeded the $3,000 threshold). Qualifying Qantas products include flights, Qantas Frequent Flyer and Qantas Club membership fees, and Qantas holidays.

There is no cap on the number of bonus points you can earn, so it makes sense to look for opportunities to earn them.

Substantial 65,000 points first purchase bonus

When you first start to collect QFF points, or when you’re saving them for a big overseas trip, the rate at which the balance grows can seem infuriatingly slow. But ANZ’s 'welcome aboard’ bonus of 65,000 QFF points will soon lift your points total out of the doldrums and should renew your enthusiasm for collecting them. After all, 65,000 points puts you more than halfway towards a return economy flight to London
(120,000 points).

Setting your sights a little lower, you could get two return business class flights between Sydney and Melbourne or Brisbane for 64,000 points.

The 65,000 bonus points are only available to new cardholders (which means you can’t have held any other ANZ card in the previous 12 months) and you’ll need to make at least one purchase on the card, however small, in the first three months in order to qualify.

$150 cashback reduces the first year annual fee

The first purchase you make during the first three months also has another substantial benefit in the form of a $150 cashback to your account. The annual fee for this card account is $295 ($240 card fee + $55 rewards program fee), so the cashback effectively reduces the annual fee to $145 in the first year.

For each supplementary cardholder the normal fee is a rather pricey $65 ($10 + $55). You can in fact have as many as nine additional cards issued on the account, which in theory is a great way to get the points rolling in. But very few primary cardholders will have time to keep under control the spending activities of nine extended family members, not to mention the high cost of these cards.

Complimentary insurance cover

Since the complimentary insurance policies in particular form the main point of difference between ANZ’s standard frequent flyer card and this platinum version, there must be a strong correlation between the provision of the insurance cover and the extra $200 charged for the platinum card’s annual fee. However, since there are seven types of insurance policy automatically delivered with this card, an extra $200 seems pretty reasonable. Here are the policy outlines:

  • Multi-trip overseas travel insurance for the cardholder and their immediate family, providing cover for emergency medical expenses, protection for luggage against theft, loss, damage and delay, compensation for travel delay or unavoidable cancellation, rental car insurance excess waiver of up to $5,000, and more.
  • Extended warranty insurance, doubling the manufacturer’s warranty up to a maximum of 12 months extra cover.
  • Transport accident cover, for travel on trains, buses, ferries and planes, in Australia or overseas.
  • Rental car collision excess cover in Australia, reimbursing up to $5,000.
  • Interstate flight inconvenience insurance, providing compensation in the event of holiday travel delay or unavoidable cancellation, plus loss or damage cover for luggage.
  • Purchase security insurance, covering personal items against loss, theft or damage for 90 days after purchase, with a generous $135,000 annual claim limit.
  • Best price guarantee scheme, reimbursing the price difference if you see an item advertised for a lower price within 21 days of purchase.

Overseas travel cover is activated by paying at least $250 (for each person to be covered) of the trip’s travel, accommodation or tourist activity cost, in advance, using the card. To obtain transport accident and interstate flight inconvenience cover, you must pay for the full fare using your card. The remaining policies require you to have used your card to pay the total purchase price of the insured items.

ANZ say that the overseas travel insurance alone is worth $775 every year, but of course you need to be travelling overseas at least once a year for this to be true. It is in fact possible to buy an annual multi-trip policy without major destination exclusions for as little as $430, but the cover may not be as extensive as the apparently very comprehensive insurance provided with the card.

Other built-in benefits

Most platinum cards have a list of possibly rarely-used lifestyle extras available to cardholders, and this one is no exception. But it’s certainly worth a look at what’s on offer:

  • Visa Platinum Privileges (also known as Visa Premium) promises you a 24/7 concierge service for travel and entertainment recommendations and bookings, hotel discounts, and more.
  • Visa Entertainment offers access to exclusive ticket pre-sales, offers and competitions.

Predictable interest rates

With an emphasis on frequent flyer points and a very extensive range of insurance, this card was never going to be about low interest rates, or interest-free introductory periods on purchases and balance transfers. You’ll get none of these, because ANZ seem to have assumed, probably correctly, that anyone interested in paying for a platinum card is going to settle their monthly account balance in full nearly all of the time.

So the interest rate on purchases is an unsurprising 19.99%, while the cash advance rate is 21.49%. There are, however, up to 55 interest-free days on purchases each month, not the less accommodating 44 days, courtesy of the billing cycle.

Other Visa or Mastercards offering 0.75 QFF points per dollar, or more

If collecting Qantas points as quickly as possible is your aim, you’ll want to consider this card alongside Visa competitors offering the same or higher earning rates. 'n our Qantas page in our Features section you can compare this card with the HSBC Platinum Qantas Credit Card, the Westpac Altitude Black Credit Card and the NAB Qantas Rewards Premium Card, as well as many others.

A traveller’s card

Anyone collecting Qantas Frequent Flyer points with the aim of travelling overseas will particularly appreciate the ANZ Frequent Flyer Platinum Credit Card. The first purchase bonus gets your points balance off to a flying start, and the ongoing earning rate and Visa’s wide acceptance means that you’ll achieve your goal more quickly, with high quality travel insurance to cushion any problems you might experience when you eventually get away. The annual fee is a significant commitment, but the first year cashback makes it less expensive to try out to see if it is a good fit for you.

User reviews

3.7 out of 5.0 based on 39 reviews79% of reviewers would recommend this card

Rates and fees
Rewards
Customer service
Convenience
Trust

Reviews from users

Better options available

Reviewed and not recommended by Frank on 10 Jul 2016

This is a similar offer to those from other major banks, but with higher fees than a couple of similar cards. Bonus signup points are nice, but not enough to keep the card. In future I would go with someone offering lower fees, or a more personal / environmentally responsible bank.

It's been convenient and reliable

Reviewed and recommended by Wayne on 09 Oct 2016

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 recommending it to friends.

Free travel insurance

Reviewed and recommended by Doron on 24 Jun 2016

This card includes travel insurance which is comprehensive. For this reason I do not need to take additional travel insurance when travelling overseas. It also offers Qantas Frequent Flyer points on all shopping, which accumulates quickly. The card offers usage of lounges in international airports, but I had bad experiences using it overseas. The information provided by the bank was useless and thus I never benefitted from this feature.

Would recommend for earning points

Reviewed and recommended by Stephen on 26 Jun 2016

I have had my ANZ Frequent Flyer Platinum for 3 years now. I take advantage of the interest-free period as often as I can, but make sure to always pay off the whole amount. It’s nice to know that I can access credit whenever I need it. I have had no problems with this card, hence I have had no reason to access any help desk, so I can’t comment on how good this feature is.

I have racked up enough points for a free flight to Las Vegas next month, so I can have a break from the current cold weather.

I would recommend this card for the amount of points you can earn towards a free flight.

Earned 2 return tickets to my home country in 4yrs

Reviewed and recommended by Stan on 09 Oct 2013

Applied the card in order to earn frequent flyer points and it did help a lot. I have been earning 2 return tickets to my home country in 4 years time. I am generally happy with the card as it is accepted in many shops and I never had any trouble when using it.

Secure and useful worldwide

Reviewed and recommended by Jane on 17 Sep 2016

I have found this card extremely useful, especially as it has a higher credit limit.

On trips overseas, it has been invaluable. No worrying about obtaining and having to carry around large amounts of foreign cash, as this Visa is so widely accepted instead. It saves me worrying about not having enough foreign cash handy, when shopping and not sure what I’m going to buy in advance.

At home I use it for all I can and automatically pay off the balance each month, helping me by keeping money in my offset account longer and saving me money on interest.

Very happy with AMEX and ANZ

Reviewed and recommended by Rob on 30 Jun 2016

The ANZAMEX Card is great, you get a Visa and an AMEX Card. I’m happy with the rate and the rewards. I also love being both a Visa and an AMEX card holder, I get a lot of great special offers with AMEX and the Visa allows me to avoid the higher fees often associated with AMEX transactions.

A good card for frequent flyers

Reviewed and recommended by Jane on 19 Sep 2016

I’m pleased with this card, but not with an annual cost of $350! It’s worth it if you want to get points on all your everyday purchases, for flights or other rewards. It’s good if you want a higher credit limit.

I have generally been satisfied with ANZ Visa, and had good customer service from them.

Too expensive

Reviewed and not recommended by Frances Hessing on 20 Jul 2015

I took this originally for the Qantas points and used it only the once because there was always too much involved in getting flights etc. I would like to find a better alternative, but it’s feels like a minefield. And it’s never the right time to look into it or I just don’t have the time – not lazy, just frustrated.

Good value with bonus points

Reviewed and recommended by John on 09 Aug 2016

Recommended if you are after a points booster for your Qantas Frequent Flyer account. All you need to do is make the minimum spend and points are awarded within 3 months after meeting spend.
Card comes with complimentary air lounge passes, PayPass, and Qantas points per $1 spent.
ANZ’s customer service is great.

Show 29 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
Single
Card tier
Platinum
Card type
Visa
Card use
Personal
Credit rating
Good
Gambling transactions allowed
No
Joint application
No
Minimum age
18 years old
Minimum income
$35,000
Minimum income for pensioners
Same as standard
Pensioners
Rewards program
Qantas Frequent Flyer
Temporary residents
Yes

Cardholders

Additional cardholders
9
Additional card fee
$65 p.a.

Credit limits

Minimum credit limit
$6,000
Maximum credit limit
N/A

Repayments

Interest charged from
Purchase date
Interest free period
Up to 55 days on purchases
Minimum repayment
2%

Rates & fees

Ongoing interest rates

MonthlyAnnually
Cash advances 1.79% 21.49% p.a.
Purchases 1.67% 19.99% p.a.

Fees

Annual fee
$295 p.a.
Cash advance fee
2%
Dishonour fee
$6
Duplicate statement fee
$0
Foreign exchange fee
3%
Late payment fee
$20
Over limit fee
$20
Overseas ATM balance fee
$0
Overseas ATM withdrawal fee
$0
Overseas emergency card replacement fee
$0
Transaction verification fee
$0

Rewards & points

Cool stuff you can get with your points

Disclaimer: Points required accurate as of the 31st March 2018.

Earn rates

Spend typeSpend
Airline spend
Up to $3,000
0.75 pts per $1 spent
Above $3,000
0.5 pts per $1 spent
ResetN/A
Points capN/A

Rewards program basics

First purchase bonus
65,000 points
Reward points expiry
Never as long as you keep your account active
Rewards program
Qantas Frequent Flyer
Spend required for bonus points
first eligible purchase in 3 months

Earning points with this card

Frequent flyer points
0.75 pts per $1 spent up to $3,000 then 0.5 pts per $1 spent Above $3,000
Overseas earn rate
Same as standard earn rate
Points cap per month
N/A
Points cap per year
Unlimited
Points earned on ATO payments
N/A
Reward points
N/A

Additional benefits

Airport lounge access
No
Complimentary flight voucher
No
Concierge service
Yes

Benefits

This card comes with benefits worth an estimated $1,391

ShoppingEstimated value
Extended warranty
Valuation based on the assumption of making a $250 claim once every 5 years. There is no retail market for all-encompassing extended warranty insurance covering more than one item, so no premium saving.
$50
Guaranteed pricing / price protection insurance
Valuation based on the assumption of making a $100 claim once every 10 years. Extensive conditions apply. There is no retail market for this type of insurance, so no premium saving.
$10
Purchase protection
Valuation based on the assumption of making a $200 claim once every 5 years. There is no retail market for this type of insurance, so no premium saving.
$40
Travel
Interstate flight inconvenience insurance
Valuation based on similar domestic travel insurance policies available online that include interstate flight inconvenience.
$290
Overseas travel insurance
Valuation based on similar annual travel insurance policies available online for trips of up to 60 days.
$801
Rental vehicle excess cover (separate from travel insurance)
Valuation based on similar rental vehicle excess insurance policies available online.
$32
Transit accident insurance
Valuation based on similar global transit accident insurance policies available online.
$150
Waived Qantas Frequent Flyer joining fee
Valuation based on $89.50 Qantas Frequent Flyer joining fee spread over 5 years.
$18
Total estimated value$1,391
Annual fee$295
Net customer value$1,096
Disclaimer: Details of who, what, and where coverage applies to, as well as its duration and any coverage limitations will be listed in the credit card insurance product disclosure statement (PDS) on the card issuer's website. The names/labels of complimentary insurance products may differ from one issuer to another. Terms and conditions apply. Always check the insurance PDS when considering a financial product. Accurate as of 31st October 2015.

Minimum criteria for this card

What you need before applying

Be over 18 years old
You are a resident or citizen of Australia
Earn a regular income of more than $35,000 per year
Have a good credit history
You have your personal details ready to complete the online application
Have not applied for multiple credit cards recently
Joint applications are not allowed
Temporary residents are eligible
Age Pension, Disability Pension and Veteran's Pension are acceptable.
Overseas Pension and Widower's Pension are not acceptable.
Carer's Allowance, Child Support Payments and Family Tax Benefits and Parenting Payments are 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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