Platinum Credit Cards | Compare & Review Platinum Level Card Offers

Platinum Credit Cards

Get a platinum card and you can enjoy everything from rewards programs, travel insurance, 24/7 concierge service and sign up bonuses.

My monthly spend: 
$5,000
 
Features: 
All features
Types: 
All types
rewards program
earn rate
purchase rate
Points earned
Virgin Australia Velocity Flyer Credit Card 0% p.a. Purchase Offer
Apply by 02 dec 19
2 reviews
0% p.a. for 14 months on purchases.
$129 Virgin Australia Gift Voucher each year.
Half annual fee in the first year (reverts to $129 p.a.).
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Velocity Frequent Flyer
Velocity Frequent Flyer
-
14 months
0% p.a.
then 20.74%
Citi Rewards Platinum Card Balance Transfer Offer
Apply by 30 nov 19
0% p.a. on balance transfers for 26 months which could help you get on top of things. A one-off 1.5% balance transfer fee applies.
Reduced annual fee of $0 p.a. in the first year ($199 p.a. thereafter).
Earn 1 pt per $1 spent on eligible Domestic Spend in Australia, up to $10,000 per statement period.
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Citi Rewards
Citi Rewards
1 pt
per $1 spent capped
21.49% p.a.
ongoing
American Express Business Explorer Credit Card
Apply by 06 nov 19
Receive 100,000 bonus Membership Rewards points when you apply by 6th November 2019, are approved and spend $3,000 on your card within the first 3 months.
Earn 50,000 business loyalty bonus points when you spend $100,000 every 12 months from the card approval date.
Enjoy up to two entries per year to the American Express Lounge.
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Membership Rewards Gateway
Membership Rewards Gateway
2 pts
per $1 spent
16.99% p.a.
ongoing
Citi Rewards Platinum Card Points Offer
Apply by 31 jan 20
Earn up to 120,000 bonus points. Get 80,000 bonus points when you spend $3,000 in the first 90 days from account approval date and an additional 40,000 bonus points on payment of second year annual fee.
Reduced annual fee of $49 p.a. in the first year ($149 p.a. thereafter).
Enjoy 0% p.a. for 15 months with 1% fee on balance transfers. Please note, no interest free days apply to retail purchases while you have a balance transfer.
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Citi Rewards
Citi Rewards
1 pt
per $1 spent
up to $10,000
then 0.5 pts
per statement period
More info
21.49% p.a.
ongoing
Get 50,000 Membership Rewards points when you apply online, are approved and spend $3,000 in the first 3 months.
Receive a $400 Travel Credit each year towards any flights, hotels and car hire when you book online with this card.
T&Cs and eligibility criteria apply. Available to new card members only.
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Membership Rewards Gateway
Membership Rewards Gateway
2 pts
per $1 spent
20.74% p.a.
ongoing
24 hour, 7 day Platinum Concierge Service.
7 types of complimentary insurances including overseas travel insurance.
0% p.a. for 6 months on balance transfers. (2% balance transfer fee applies). Reverts to cash advance rate.
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-
-
19.74% p.a.
ongoing
100,000 bonus Qantas Points and $200 back when you spend $4,000 on eligible purchases in the first 3 months.
Earn 1 Qantas Point per $1 spent on eligible purchases up to $7,500 per statement period.
Get complimentary International Travel Insurance (eligibility criteria apply) provided by Allianz Insurance.
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Qantas Frequent Flyer
Qantas Frequent Flyer
1 pt
per $1 spent
up to $7,500
then 0.5 pts
Above $7,500
More info
20.24% p.a.
ongoing
Bank of Melbourne Vertigo Platinum Credit Card
Apply by 12 feb 20
3 reviews
Enjoy 0% p.a. for 15 months. Reverts to purchase rate, thereafter.
Reduced annual fee of $49 p.a. for the first year ($99 p.a. thereafter).
Complimentary overseas travel insurance and extended warranty on purchases.
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-
-
15 months
0% p.a.
then 12.99%
50,000 bonus Qantas points and $100 back when you spend $2,000 on eligible purchases in the first 3 months.
Complimentary Qantas Frequent Flyer Membership.
Eligibility criteria, T&Cs, fees and charges apply.
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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
20.24% p.a.
ongoing
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).
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-
-
20.24% p.a.
ongoing
Emirates Citi World Mastercard
Apply by 31 dec 19
4 reviews
Earn up to 60,000 Skyward Miles (Spend criteria applies).
One complimentary chauffeur-drive service per year to and from the airport when flying Emirates.
Spend up to $3,000 per statement period, and then 0.5 Skywards Miles per A$1 spent up to $10,000 per statement period.
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Emirates Skywards
Emirates Skywards
1 pt
per $1 spent capped
21.49% p.a.
ongoing
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Q&As about Platinum Credit Cards from customers

What makes a credit card be platinum level?

It’s a high-end card with more perks than your average card, with more cost involved in having one and more requirements needed to be eligible. You’ll need a salary of at least $50,000, and often up to $60,000 or $70,000, and be able to prove that this is a steady income, and have a near-perfect credit rating. Finally, there will also be a minimum age of 18 or 25 in some cases. You’re usually looking at around $100 to $1,000p.a in annual fees. Keep in mind that the benefits could actually save you more than the annual fee because of the bonuses and features.

What are the benefits for me?

The benefits may include one or more of the following: highly competitive rewards programs; personal 24/7 concierge service; complimentary travel insurance; contents insurance; discounts and offers (entertainment, car hire and more); purchase security; cover and warranty; and commission-free traveller cheques.

How is a platinum rewards program superior to that of another card?

The earn rate (points per dollar spent) is usually higher than standard reward program credit cards. You might earn 1 point per $1 spent on a regular credit card, 1.5 points per $1 spent on a gold card but up to 2 points per $1 on a platinum card. Additionally, caps or limits on the points you can earn will usually be higher, meaning you can go further with your points. The points don’t expire as soon as on regular cards, and sometimes not at all.

What can points be redeemed for?

It depends on the card, but usually travel, fuel, groceries, merchandise, gift vouchers or cash back.

What are the features I should look for most in a platinum card?

The two of the things of most value are the security features that protect your identity and finances and the high credit limits. Additionally, the complimentary travel insurance is a huge plus, saving cardholders hundreds each year if they travel regularly. You just have to be careful to check what the insurance actually covers. Coverage varies significantly from simple lost baggage cover to accident cover, and all the way to legal and medical assistance.

Balance transfer rates and periods are something else to keep a look out for. It is not uncommon for platinum cards to have a very long, low interest balance transfer deal.

Finally, the 24/7 personal concierge service that most platinum cards come with can be a life-saver for the busy cardholder. Your concierge is able to assist with flight and hotel bookings, helping you find a laundromat or a good place to eat. All those little things you can run out of time to sort out can be done for you.

When is a platinum card not worth it?

Any card isn’t worth it if you’re paying more than what you’re getting out of it whether that be in terms of convenience or rewards and so on. As mentioned above, if the annual fee is higher than what the card is saving you by having and using it, you’ll want to look into another card.

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