ANZ is offering 100,000 bonus ANZ Rewards points for new cardholders of the ANZ Rewards Platinum.
A minimum spend of $2,500 on eligible purchases in the first 3 months of approval is required to receive the bonus points.
This guide covers the earn rates, caps and benefits of the ANZ Rewards Platinum card.
ANZ Rewards points converts at a ratio of 2:1 to Velocity Points and 3:1 to KrisFlyer miles and Asia Miles. Which means the current bonus point offer is equivalent to 50,000 Velocity Points or about 33,000 KrisFlyer/Asia Miles.
Digging into the details of the ANZ Rewards Platinum
ANZ Rewards Platinum earns ANZ Rewards points, which is ANZ’s own rewards program. We like flexible points programs at Point Hacks – they allow you to earn points in a single program with the ability to move them to a partner program of choice (such as Velocity) at a later date.
|Card||ANZ Rewards Platinum|
|Loyalty program||ANZ Rewards|
|Points earned from spend||1.5 Reward Points per $1 spent on eligible purchases up to $2,000 per statement period, then 0.5 Reward Points per $1 you spend on eligible purchases above $2,000 per statement period|
|Included insurances||International Travel Insurance, Interstate Flight Inconvenience Insurance, Rental Vehicle Excess in Australia Insurance, Extended Warranty Insurance, Guaranteed Pricing Scheme and Purchase Protection Insurance (PDS 1), (PDS 2)|
|Overseas transaction fee||3% of the converted amount|
|Cash advance rate||20.24%|
|Interest Free days||Up to 55 days|
The ANZ Rewards Platinum has a competitive annual fee of $95, and you’ll earn 1.5 Reward Points per $1 spent on eligible purchases up to $2,000 per statement period, then 0.5 Reward Points per $1 you spend on eligible purchases above $2,000 per statement period.
The earn rate is equivalent to 0.5 KrisFlyer miles or Asia Miles, 0.0075 Airpoints or 0.75 Velocity points per $ spent on eligible purchases. That’s subject to minimum transfer amounts out to partner frequent flyer programs.
ANZ Rewards Platinum also includes International Travel Insurance, Purchase Protection Insurance and Extended Warranty Insurance, and with up to 9 additional cardholders ($65 p.a. per additional cardholder).
This guide references some of the benefits of insurance policies provided with this card. You should read the PDS and obtain independent professional advice before obtaining this product.
ANZ Apple Pay, Google Pay support
ANZ cards support Apple Pay & Google Pay, meaning you can use their cards on your smartphone for easier payments. Find out more in our guides for each of the compatible services.
- Be 18 years old of age or over, and;
- Be a permanent Australian resident or a non-permanent resident with more than 9 months remaining on your visa
Summing up: ANZ Rewards Platinum
The ANZ Rewards Platinum is the middle-ground on ANZ’s Rewards cards range, offering almost all the features of the ANZ Rewards Black but with a lower earn rate, points cap and annual fee.
With a program like ANZ Rewards, the key benefit is in the additional options that having many program transfer partners on offer gives when it comes to redeeming your hard-earned points. It does make managing your points a little more time-consuming as you have to factor that into your travel plans.
ANZ would also like us to include the following disclaimer.
Reward Points accrue in accordance with the ANZ Rewards – Rewards Program Terms and Conditions booklet (please call 13 13 14 for a copy). Purchases which are not eligible to earn Rewards Points are described in the ANZ Rewards – Rewards Program Terms and Conditions booklet, e.g. fees, cash, cash equivalent transactions, balance transfers and transactions for gambling or gaming purposes will not earn Reward Points.