Offers $300 back to your new card and no annual fee for the first year, with an $87 annual fee after that.
The ANZ Platinum Credit Card offers complimentary insurance benefits, including international travel insurance, purchase insurance, and extended warranty insurance, with an annual fee of $87 that’s waived in the first year. Additionally, you can have the annual fee waived in subsequent years by spending over $20,000 annually. The $300 credit back promotion adds further value when you spend $1,500 on eligible purchases within the first 3 months of approval.
While the insurance coverage and annual fee are competitive for a platinum credit card, it's important to consider the absence of a rewards program when comparing it to other platinum-tier options.
Pros | Cons |
|---|---|
$300 credit back on your new card | Does not offer a rewards program |
$0 annual fee in the first year ($87 p.a. thereafter). The annual fee is waived if you spend more than $20,000 on the card each year. | Charges a 3% foreign transaction fee |
Complimentary insurance covers, including international travel insurance, purchase protection insurance and extended warranty insurance |
The ANZ Platinum Credit Card provides a range of complimentary insurance options for travel and shopping. Currently, you can receive $300 back when you spend $1,500 on eligible purchases within the first 3 months of obtaining your new ANZ Platinum Credit Card. Additionally, you’ll benefit from a $0 annual fee in the first year, which will increase to $87 p.a. thereafter. However, the annual fee can be waived in subsequent years if you spend over $20,000 annually on the card.
Details of ANZ Platinum Credit Card
Product Name | ANZ Platinum Credit Card |
Balance transfer rate p.a. | 21.99% |
Balance transfer limit | 95% of available limit |
Purchase rate p.a. | Purchase rate p.a. 20.99% |
Interest-free period | Up to 55 days on purchases |
Cash advance rate p.a. | 21.99% |
Min credit limit | $6,000 |
Card type | Visa |
Eligibility
Available to temporary residents | Yes - Conditions apply |
Joint application | No |
Rewards
Bonus points | N/A |
Fee
Annual fee | Annual fee $0 first year ($87 after) |
Minimum monthly repayment | 2% of the closing balance or $25, whichever is greater |
Late payment fee | $20 |
Foreign currency conversion fee | Foreign currency conversion fee 3% |
Cash advance fee | 3% or $3, whichever is greater |
Overseas cash advance fee | 3% of the transaction amount or $4 (whichever is greater) |
Overseas ATM withdrawal fee | $5 |
Additional cardholder fee | $0 |
Number of additional cardholders | 9 |
How to Apply
You can apply for the ANZ Platinum Credit Card online in approximately 20 minutes and get a response within 60 seconds. Before applying, ensure you meet the eligibility requirements and have all the necessary information ready to complete your application.
Eligibility Criteria
Residency Requirement: Australian citizens and permanent residents are eligible to apply. Non-Australian permanent residents must have at least 12 months remaining on an eligible working or business visa.
New Cardholder: The $300 credit back offer and the first-year annual fee waiver are available only to new ANZ Platinum Credit Card customers.
Eligible Balance Transfer Debt: You can transfer from $100 up to 95% of your credit limit from non-ANZ credit and store card accounts.
Credit History: A good credit score is required for approval.
Age: Applicants must be at least 18 years old.
Required Documents
Personal Details: Provide your full name, date of birth, residential address, and contact information.
Proof of Identification: Include your Australian driver’s licence number.
Income and Finances: Verify your income with 2 recent payslips and provide details about your expenses, assets, and liabilities.
Employment: List your current employment, including your employer's contact details. If you’re self-employed, you’ll also need to provide your accountant’s phone number.
Balance Transfer: Specify the amount you wish to transfer and provide the account number of the debt you're moving.
This straightforward application process is designed to accommodate Australians searching for an effective credit card solution that manages existing debt efficiently while offering new purchasing power.
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