Advertisements
The ANZ Rewards Platinum Credit Card is the perfect balance of rewards, benefits and convenience. This card offers an attractive combination of personalized benefits for those who value flexibility, while still enjoying premium experiences.
Whether you’re looking to earn rewards on your everyday spending or are looking for peace of mind with travel and purchase protections, this card could be the right choice for you.
Unpacking the Perks: What Makes ANZ Rewards Platinum Unique
Generous Rewards Points
One of the biggest draws of the ANZ Rewards Platinum Credit Card is its flexible rewards program. Cardholders can earn 1.5 ANZ Reward Points for every dollar spent up to $2,000 in a statement period, and 0.5 ANZ Reward Points for every dollar spent beyond that limit.
These points can be redeemed for a wide variety of rewards, including gift cards, cashback, and travel experiences. For those who prefer to accumulate points for flights, you have the option to transfer your ANZ Reward Points to airline partners like Velocity Frequent Flyer, Asia Miles, and KrisFlyer, among others.
Advertisements
This flexibility in how you use your points is a standout feature, making the card appealing to a broad range of users.
Two Rewarding Offers
ANZ Rewards Platinum goes a step further by offering two attractive sign-up bonuses, allowing new cardholders to choose between:
- Velocity Frequent Flyer Points Offer: Earn up to 100,000 bonus Velocity Points by switching on auto-redemption and spending $2,000 on eligible purchases within the first three months. An additional 30,000 points are yours if you keep the card for 15 months.
- ANZ Reward Points Offer: Opt for this offer to earn 100,000 bonus ANZ Reward Points and receive $50 back after spending $2,000 on eligible purchases within the first three months.
These offers provide substantial value and are particularly enticing for those looking to maximise their rewards from the get-go.
Comprehensive Travel Insurance
Travelling with the ANZ Rewards Platinum Credit Card in your wallet means you’re covered with complimentary travel insurance. When you use your card to purchase travel tickets, you gain access to coverage for overseas emergency medical expenses, cancellation fees, and loss of personal belongings.
This insurance extends to your spouse and dependent children, making it an ideal choice for family travel. Moreover, the card includes rental vehicle excess cover, giving you peace of mind when hiring a car during your travels within Australia.
Advertisements
Purchase Protection and Extended Warranty
Beyond travel, the ANZ Rewards Platinum Credit Card provides purchase protection and extended warranty insurance on eligible items bought with your card. This means that your purchases are covered against loss, theft, or accidental damage for a certain period after purchase.
Additionally, the extended warranty can double the manufacturer’s warranty for up to an additional 12 months, ensuring that your valuable purchases are protected for longer.
Considerations Before Applying: Is It the Right Fit?
While the ANZ Rewards Platinum Credit Card offers a host of benefits, there are some important considerations to keep in mind before applying.
Annual Fee and Interest Rates
The card carries an annual fee of $149, which includes a $94 Annual Fee and a $55 Rewards Program Service Fee. While this fee is relatively moderate compared to other premium cards, it’s important to ensure that the rewards and benefits you receive outweigh this cost.
The card also comes with a 20.99% p.a. interest rate on purchases and 21.99% p.a. on cash advances and balance transfers. These rates are on the higher side, so it’s advisable to pay off your balance in full each month to avoid accruing interest charges.
Lower Reward Point Accumulation on High Spending
Another factor to consider is the tiered reward points system. While you earn 1.5 ANZ Reward Points per dollar spent up to $2,000 per statement period, the rate drops to 0.5 points for every dollar spent beyond that.
This could be a drawback for high spenders who might benefit more from a card with a consistent earn rate or a higher cap.
How to Apply for the ANZ Rewards Platinum Credit Card
Before you begin the application process, it’s important to know that the ANZ Rewards Platinum Credit Card offers two different reward options when you sign up. You can choose between:
- ANZ Reward Points Offer: Earn 100,000 ANZ Reward Points plus $50 back.
- Velocity Frequent Flyer Points Offer: Earn up to 100,000 bonus Velocity Points.
Step 1: Visit the ANZ Rewards Platinum Credit Card Website
Step 2: Click on “View Both Offers” or scroll down until you find “Two great offers to choose from”.
Step 3: Check out the perks and benefits of each offer. Make your choice and click on the green “Apply with ANZ Velocity Offer” or “Apply with ANZ Reward” button. Depending on which option you choose, you will be taken to a page where you will be asked a few questions to check if this card is a good option for you.
Step 4: If everything is correct, you will be directed to an application form. Fill out the application form with your personal information, contact details and home address. You will also need to provide financial information such as your income, expenses and liabilities.
Step 5: Review all the details you have entered to ensure accuracy and then submit your application. Be prepared to provide any supporting documents such as proof of income and identification.
Step 6: ANZ will review your application and if approved, you will receive your new card in the mail within 5-10 business days, along with instructions on how to activate it.
Frequently Asked Questions
What can I redeem my ANZ Reward Points for?
ANZ Reward Points can be redeemed for a wide range of rewards, including gift cards, cashback, flights, and transfers to airline partner programs like Velocity and KrisFlyer.
Does the ANZ Rewards Platinum Credit Card offer balance transfers?
Yes, the card allows for balance transfers with a 21.99% p.a. interest rate on transferred balances.
What is the minimum credit limit for this card?
The minimum credit limit for the ANZ Rewards Platinum Credit Card is $6,000.
Does the card offer any purchase protection?
Yes, the card offers purchase protection and extended warranty insurance on eligible items purchased with the card.
Contact Information
If you have any questions or need assistance with your application, ANZ offers several ways to get in touch:
- Phone: Call 13 22 73 for general inquiries or 13 33 33 to start your application.
- International Callers: +61 2 7907 0805
- Website: Visit the ANZ website for more information or to apply online.
Conclusion
The ANZ Rewards Platinum Credit Card is a strong contender for those who prioritise flexibility in their rewards and value-added perks like travel insurance and purchase protection. With the ability to earn points on everyday spending and a choice between two lucrative sign-up offers, this card can be a valuable tool in your financial arsenal.
However, it’s important to weigh the annual fee and interest rates against the benefits to determine if it’s the right fit for your spending habits.
