For a very limited time, ANZ is offering 50,000 ANZ Rewards Points (can get a $220 gift card) and a $0 annual fee in the first year for new cardholders of the ANZ Rewards Platinum.

A minimum spend of $1,500 within the first 3 months of approval is required to receive the bonus points and statement credit. Eligible purchases cover most transactions, with the normal exclusions of fees, cash, cash equivalent transactions, balance transfers and transactions for gambling or gaming.

New card. T&Cs, eligibility criteria, fees & charges apply (including annual fee, currently $0 for the first year and $95 p.a. ongoing).

There is also an 80,000 bonus ANZ Reward Points and $0 annual fee for the first year offer with the ANZ Rewards Black.

This guide covers the earn rates, caps and benefits of the ANZ Rewards Platinum card.

The 50,000 ANZ Reward Points can get you a $220 eGift Card from Bunnings, Woolworths, Myer, David Jones, JB HiFi, Coles or Kmart.

You can also opt to convert the points into Velocity Points at a 2:1 ratio, or to KrisFlyer miles and Asia Miles at a 3:1 ratio. This means the current bonus point offer is equivalent to 25,000 Velocity Points or about 16,500 KrisFlyer/Asia Miles.

How you could use the bonus points from this card

All redemption figures above exclude any accompanying taxes, fees and charges. Points redemption price data is provided by a third-party. For an exact total redemption cost, please consult with the airline directly.

Disclaimer: These are example redemptions only and due to COVID-19 travel restrictions, some of these routes may not be currently available.

Digging into the details of the ANZ Rewards Platinum

ANZ Rewards Platinum earns ANZ Reward 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 Krisflyer) at a later date.

Card Details

CardANZ Rewards Platinum
Loyalty programANZ Rewards
Points earned from spend1.5 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 insurancesInternational Travel Insurance,
Domestic Travel Insurance,
Rental Vehicle Excess in Australia Insurance,
Extended Warranty Insurance and Purchase Protection Insurance
Overseas transaction fee3% of the converted amount
Mobile walletApple Pay, Google Pay, Samsung Pay, Fitbit Pay and Garmin Pay
Purchase rate20.24%
Cash advance rate21.24%
Interest Free daysUp to 55 days
Annual fee$95 p.a. ongoing

The ANZ Rewards Platinum has a competitive ongoing 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 Velocity, KrisFlyer miles or Asia Miles, or 0.0075 Airpoints per $ spent on eligible purchases. That’s subject to minimum transfer amounts out to partner frequent flyer programs.

Other benefits

ANZ Rewards Platinum also includes International and Domestic Travel Insurance, Rental Vehicle Excess in Australia Insurance, Purchase Protection Insurance and Extended Warranty Insurance, click the link to read the PDS. Along 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.

Apple Pay + Google Pay support with ANZ

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.

Apple Pay Australian Banks | Point Hacks

Card eligibility criteria

These are the minimum requirements to be eligible to apply for this Card. Other additional eligibility criteria, such as proof of income, will generally be required later on.

  • 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
  • Ensure if applying for an offer, you don’t currently hold and haven’t opened or closed an ANZ Rewards Black, ANZ Rewards Platinum or an ANZ Rewards credit card in the last 12 months and meet all other offer eligibility criteria

Frequently Asked Questions

How do I redeem my ANZ credit card points?

ANZ Rewards Points can be redeemed through the ANZ Rewards Store.
1. Log in or create an account at
2. Choose your desired reward (e.g. Velocity Points or Gift Cards)
3. Choose the number of points or the value of the gift card (for example), then click ‘Redeem’.

How do I claim my ANZ Rewards Points?

Points that you earn with the ANZ Rewards Platinum Card will automatically be credited to your ANZ Rewards account, even if you haven’t actually set one up yet.

If this is your case, don’t fear. Your points are still safe. Just register with ANZ Rewards to create a username and password. Once you log in, you will have full access to your points for redemption.

What are ANZ eligible purchases?

Some transactions and other items are not eligible to earn ANZ Rewards Points. Please refer to the ANZ Rewards – Rewards Program Terms and Conditions booklet for details.

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.

50,000 ANZ Rewards Points (can get a $220 gift card) and $0 first year annual fee with the ANZ Rewards Platinum was last modified: April 29th, 2022 by Daniel Sciberras