Platinum Credit Cards

Compare platinum credit cards offering substantial bonus points, 0% introductory interest rates, complimentary insurance, and other rewards tailored to your spending habits.

By   |   Verified by David Boyd   |   Updated 27 May 2024

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Comparing Platinum Credit Cards

American Express Platinum Card

On website

FeaturedApply by 25 June 2024

American Express Platinum Card

Rewards program

Membership Rewards Ascent Premium

Points per $1 spent

2.25 points

Sign up bonus

150,000 points

Annual fee

$1,450.00 p.a. ongoing

Highlights

  • Acquire 150,000 Bonus Membership Rewards Points by applying before 25 June 2024, getting approved, and spending $5,000 on your new Card within the initial 3 months. T&Cs apply. Exclusive to New Amex Card Members.
  • Utilize a $450 Platinum Travel Credit annually for flight, hotel, or car rental bookings.
  • Indulge in up to $400 per calendar year when dining at a curated selection of over 1,400 hand-picked restaurants, both domestically and internationally. Terms and Conditions apply.

Pros

  • Receive 150,000 Bonus Membership Rewards Points when you meet the criteria.
  • Receive a $450 Platinum Travel Credit each year.
  • Enjoy up to $400 Global Dining Credit per calendar year.
  • Access to more than 1,400 lounges globally, including The Centurion® Lounge.
  • Get the Amex Experiences App to access information on Platinum benefits, travel offers, events and recommended merchants.

Cons

  • The annual fee of $1,450.
Regional Australia Bank Visa Platinum Rewards Credit Card

On website

Regional Australia Bank Visa Platinum Rewards Credit Card

Rewards program

Qantas Frequent Flyer

Points per $1 spent

0.75 points

Sign up bonus

N/A

Annual fee

$195.00 p.a. ongoing

Highlights

  • No fees for additional cardholders, cash advances and late payments.
  • The annual fee is waived for Partnership Advantage Home Loan holders (usually $195 p.a.).
  • Earn 0.75 Qantas Points for every $1 you spend on eligible purchases ang get complimentary Qantas Frequent Flyer membership and 10,000 points a year.
  • Up to 45 days interest-free on purchases.

Pros

  • No fees for cash advances, late payments or additional cardholders.
  • Complimentary travel insurance
  • Visa Platinum Concierge Service.
  • Earn Qantas points for flights, travel upgrades and more.

Cons

  • The 19.99% p.a. interest rate on cash advances and purchases.
  • Interest free days limited to 45..
Westpac BusinessChoice Rewards Platinum Mastercard

On website

Westpac BusinessChoice Rewards Platinum Mastercard

Rewards program

Qantas Business Rewards

Points per $1 spent

0.75 points

Sign up bonus

100,000 points

Annual fee

$150.00 p.a. ongoing

Highlights

  • Receive 100,000 bonus Qantas Points when you spend $3,000 on eligible purchases within 90 days of card approval. Terms and conditions apply
  • Earn 0.75 Qantas Point per $1.50 spent on eligible business purchases.
  • Assign individual card credit limits from $1,000 on up to 99 cards.

Pros

  • Qantas Business Rewards joining fee of $89.50 is waived.
  • Includes complimentary travel, purchase, and business-related insurance.
  • Comes with Personal Concierge Service.
  • Up to 55 interest-free days on purchases.

Cons

  • The $150 p.a. annual fee per card.
  • High-interest rate of 20.24% p.a. on purchases.
  • Earned points on eligible transactions are capped at 100,000 Qantas Points per month.
Westpac Altitude Business Platinum Credit Card

On website

Westpac Altitude Business Platinum Credit Card

Rewards program

Altitude Rewards

Points per $1 spent

1 point

Sign up bonus

N/A

Annual fee

$0.00 for 1st year

Highlights

  • $0 annual card fee for the first year (usually $200 p.a.)
  • 4.99% p.a. for 12 months on balance transfers with no balance transfer fee on amounts transferred.
  • Includes complimentary cover for international travel insurance, along with an extended warranty and purchase protection.

Pros

  • Uncapped points.
  • Includes Personal Concierge Service.
  • Interstate Flight Inconvenience Insurance.
  • Extended Warranty Insurance

Cons

  • After the initial year, you will be charged a $200 p.a. annual fee.
  • No sign-up bonus offer.
Suncorp Clear Options Platinum Credit Card

On website

Rewards program

Suncorp Rewards, Qantas Frequent Flyer

Points per $1 spent

1.25 points

Sign up bonus

120,000 points

Annual fee

$99.00 for 1st year

Highlights

  • 120,000 bonus Suncorp Credit Card Rewards Points for spending $3,000 on eligible transactions within the initial 90 days from approval.
  • 0% p.a. interest for 9 months on balance transfers. Reverts to cash advance rate thereafter.
  • Acquire 1.25 Suncorp Rewards Points per $1 spent on eligible transactions.
  • Platinum privileges encompassing concierge service and a variety of insurance covers.

Pros

  • Receive 120,000 bonus Suncorp Credit Card Rewards Points when you meet the criteria.
  • Earn 1 Suncorp Rewards point per $1 spent (or 0.5 Qantas Point).
  • A reduced fee of $99 p.a. in the first year and $129 p.a. thereafter.
  • $6,000 to $100,000 credit limits.
  • Complimentary insurance, including international travel insurance.
  • Access to the concierge service.

Cons

  • There is a 3.4% international transaction fee if you transact overseas.
  • A $40 over-limit fee for exceeding the credit limit.
  • Longer interest-free balance transfers are available.
  • Suncorp Rewards points don't convert to airline points at 1:1.
St.George Amplify Platinum Credit Card (Qantas)

On website

Apply by 31 July 2024

St.George Amplify Platinum Credit Card (Qantas)

Rewards program

Amplify Qantas

Points per $1 spent

1 point

Sign up bonus

70,000 points

Annual fee

$49.00 for 1st year

Highlights

  • Up to 70,000 bonus Qantas Points earned upon spending $3,000 on eligible purchases within 90 days from card approval. Exclusions apply.
  • 0% p.a. interest for 24 months on balance transfers with a 1% balance transfer fee, which then reverts to the cash advance rate.
  • Earn 0.5 points per $1 spent (uncapped). Additionally, receive a complimentary Qantas membership fee, saving you $99.50!

Pros

  • The 70,000 bonus Qantas Points.
  • Discounted annual fee on the first year.
  • Complimentary travel and purchase insurance.

Cons

  • There is a 1% balance transfer fee.
  • Points earning rate of 0.5 points is lower than others.
Qudos Bank Visa Platinum Credit Card

On website

Rewards program

Qantas Frequent Flyer

Points per $1 spent

1 point

Sign up bonus

N/A

Annual fee

$199.00 p.a. ongoing

Highlights

  • 4.99% p.a. for 5 months on balance transfers, and purchases. Reverts to 19.49% p.a.
  • Up to 55 interest-free days on purchases.
  • Earn 1 Qantas Point per $1 spent on eligible purchases.

Pros

  • Earn 1 Qantas Point for every $1 spent on eligible purchases.
  • Complimentary overseas travel insurance.
  • 24/7 worldwide Visa Premium Concierge Service.
  • Works with most of the major digital wallets.

Cons

  • The $199 p.a. annual fee.
  • There is a 3.65% foreign conversion fee.