How to Apply for your Rewards Platinum Credit Card

The ANZ Rewards Platinum Credit Card is tailored for individuals seeking to earn rewards on their everyday expenditures. Cardholders accumulate ANZ Reward Points on eligible purchases, which can be redeemed for a diverse array of rewards, including travel, merchandise, and gift cards. The card also offers additional perks such as complimentary international travel insurance and purchase protection.

Benefits of the ANZ Rewards Platinum Credit Card

The ANZ Rewards Platinum Credit Card provides a suite of benefits designed for those who frequently use their credit card for daily transactions and wish to earn rewards points for various redemptions. Beyond the rewards program, the card offers several advantages, including complimentary insurance coverage and digital management tools, enhancing the overall cardholder experience. Below are some of the key benefits associated with the ANZ Rewards Platinum Credit Card.

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Earn ANZ Rewards Points

Earn points effortlessly with every purchase using the ANZ Rewards Platinum Credit Card. Each transaction not only brings you closer to your next reward but also offers a diverse redemption catalogue.

Cardholders earn 1.5 ANZ Reward Points for every $1 spent up to $2,000, and 0.5 points for every $1 spent above $2,000, per statement period on eligible purchases. The freedom to accumulate unlimited rewards points makes every spend rewarding.

Complimentary International Travel Insurance

Travel with peace of mind knowing that your international journeys are protected with comprehensive travel insurance, courtesy of your ANZ Rewards Platinum Credit Card. This cover extends to a range of travel mishaps, including medical emergencies and trip cancellations, ensuring your adventures are safeguarded.

To use this perk, users must make travel purchases with the ANZ credit card.

Extended Warranty Insurance

Extend the lifespan of your major purchases with the Extended Warranty Insurance, which adds an additional year to the original manufacturer’s warranty. This valuable feature transforms your card into a tool for long-term investment protection, covering everything from electronics to home appliances.

Purchase Protection

Experience enhanced security with Purchase Protection, which shields your purchases from theft, accidental damage, or loss for three months post-purchase. Whether you’re buying a new gadget or a piece of jewelry, rest assured that your investments are protected.

Secure Digital Banking Tools

Manage your finances effortlessly through ANZ’s advanced digital banking tools. The secure platform and user-friendly ANZ App provide real-time insights into your transactions and card management features, ensuring you’re always in control of your finances.

Prerequisites to Obtain the ANZ Rewards Platinum Credit Card

To qualify for the ANZ Rewards Platinum Credit Card, applicants are required to fulfill several conditions. These include being an Australian citizen or a permanent resident, or have more than 12 months left on their visa. Prospective cardholders should be at least 18 years old and demonstrate financial stability through a steady income, supported by a solid credit history, ensuring they can manage credit responsibly.

About ANZ Bank

ANZ Bank stands as a pillar in the financial sector, offering an extensive array of banking and financial services not only in Australia and New Zealand but across the Asia-Pacific region. Renowned for its commitment to innovation and customer service, ANZ continues to be a preferred choice for millions of customers worldwide.

Who is the ANZ Rewards Platinum Credit Card for?

The ANZ Rewards Platinum Credit Card is ideal for savvy spenders who frequently use their credit to manage daily expenses and relish the accumulation of rewards points. It’s particularly beneficial for those who value additional benefits like comprehensive travel insurance and extended warranty, enhancing everyday spending with security and perks.

How to Apply for the Card

Applying for the ANZ Rewards Platinum Credit Card is straightforward. Begin by visiting the ANZ website to understand the card’s features and eligibility criteria. The application process involves filling out an online form with personal and financial details, followed by submitting necessary documentation such as proof of income and identity. Once submitted, applicants can track their application’s progress online or through the ANZ app.

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Positives and Negatives of the ANZ Rewards Platinum Credit Card

If you’re thinking about getting the ANZ Rewards Platinum Credit Card, it’s important to look at both the benefits and the potential downsides. While the card comes with great perks for those who frequently spend and enjoy earning rewards, it also has some costs and restrictions to keep in mind. Here’s a quick rundown of the good and the bad:

Positives

• Flexible Rewards Program – You can earn ANZ Reward Points and they can be redeemed for travel, gift cards, or merchandise.
• Complimentary Insurance – The card includes travel insurance and extended warranty coverage. This can be a great money-saver for frequent travelers or those who buy expensive items. Travel insurance covers medical expenses, trip cancellations, and more—as long as the cardholder meets the criteria stated on the official website.
• No Points Cap – Unlike some other rewards cards, there’s no limit on how many points you can earn. This means you can keep racking up rewards without worrying about hitting a ceiling. However, be aware that users earn 1.5 ANZ Reward Points for every $1 spent up to $2,000, and only 0.5 points for every $1 spent over $2,000, per statement period on eligible purchases.
• 24/7 Personal Concierge – Receive assistance with domestic and international restaurant or hotel reservations, gift suggestions, travel recommendations, and more.
• Secure Digital Banking – The card works seamlessly with the ANZ App and other digital tools, making it easy to track spending, manage your account, and redeem rewards.

Negatives

• High Annual Fee – The card comes with a $149 annual fee (includes $94 Annual Fee and $55 Rewards Program Service Fee), which may not be worth it for those who don’t take full advantage of the rewards and perks.
• High Interest Rates – The purchase interest rate is 20.99% p.a., which is on the higher side. If you don’t pay off your balance each month, interest charges can add up quickly.
• Expensive Balance Transfers – The rate is a steep 21.99% p.a., which could make balance transfers costly if not paid off in time.
• Foreign Transaction Fees – Effective 2 May 2025, the Overseas Transaction Fee will increase from 3% to 3.5% and will apply to all overseas transactions processed on credit card accounts from this date.

How to Activate the ANZ Rewards Platinum Credit Card?

Once you receive your ANZ Rewards Platinum Credit Card, you’ll need to activate it before using it. You can do this in two simple ways: through the app by logging in, going to “More,” tapping “Activate Card,” setting your PIN, and you’re done.

Alternatively, you can activate it via Internet Banking by logging in, going to “Settings,” selecting “Activate Card,” and following the prompts.

Fees and Tariffs

Before using the ANZ Rewards Platinum Credit Card, it’s important to understand the various fees and costs associated with it. Here’s a breakdown of the key charges:

Annual Fee

$149 – Covers access to the rewards program and card benefits.

Interest Rates

• Purchase Interest Rate: 20.99% p.a. (applies to unpaid balances after the interest-free period).
• Cash Advance Interest Rate: 21.99% p.a. (applies to ATM withdrawals and other cash advances).
• Balance Transfers Interest Rate: 21.99% p.a. (charged on amounts transferred from other credit cards or loans to a new card)

Interest-Free Period

Up to 44 days on purchases, as long as you pay your closing balance in full by the due date.

Foreign Transaction Fee

3% of the transaction value – Charged on purchases made in foreign currencies or processed overseas. (Starting 2 May 2025, the Overseas Transaction Fee will rise from 3% to 3.5%)

Other Fees

• Late Payment Fee: $20 (charged if you don’t make the minimum payment on time).
• Additional Cardholders: $65 per year per card (up to nine extra cardholders allowed).

These costs can add up, so it’s best to use the card wisely and pay off balances on time to avoid extra charges!

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Customer Service

If you need help with your ANZ Rewards Platinum Credit Card, here’s how you can reach ANZ:

• General Enquiries (Australia): 13 13 14.
• Credit Card Support: 13 22 73.
• Overseas Assistance: +61 3 9683 9999.
• Lost or Stolen Cards: 1800 033 844 (Australia) / +61 3 8699 6955 (Overseas).