ANZ Frequent Flyer Platinum Visa credit card

Review: ANZ Frequent Flyer Platinum Visa credit card

What's Hot

  • Earn up to 0.75 Qantas Points per $1 on Visa (up to $3,000 per statement period)
  • Free international travel insurance, plus other cover

What's Not

  • Earn rate drops to 0.5 Qantas Points per $1 after $3,000 spend

X-Factor

  • Collect up to 50,000 bonus Qantas Points, plus a $100 statement credit

Introduction

ANZ's Frequent Flyer Platinum Visa credit card gets things started with an earn rate of 0.75 Qantas Points per dollar spent up to $3,000 per statement period (0.5/$1 thereafter).

The bank's Platinum card also comes with well-rounded insurance coverage for less than you'd pay for a higher-tier Black card, and can be used with Apple Pay among a range of other mobile wallets.

Right now, there's also an offer of 50,000 bonus Qantas Points and $100 back to your new card when you apply and spend $2,000 on eligible purchases in the first three months from approval.

Additionally, you’ll enjoy discounts of up to 50% at various hotels by opting-in to ANZ's eDine program for an extra $35 each year – and as the name suggests, selected restaurants are also part of the discount deal with a 20% saving off the final bill.

ANZ Frequent Flyer Platinum card: fast facts

  • Grade/tier: Platinum
  • Card type: Visa
  • Loyalty program: Qantas Frequent Flyer
  • Qantas Points earned per dollar: 0.75 up to $3,000 per statement period, then 0.5 Qantas Points for purchases over $3,000
  • Points capping: No cap, but tiered earning rates apply as above
  • Mobile wallets: Apple Pay, Google Pay, Samsung Pay, Fitbit Pay, Garmin Pay

ANZ Frequent Flyer Platinum: fees, charges and interest

  • Total annual fee: $295 ($195 in the first year after a $100 statement credit)
  • Additional/supplementary cardholder fee: $65 with rewards
  • Interest rate on purchases: 19.99% p.a.
  • Interest-free days on purchases: Up to 55
  • Interest rate on cash advances: 21.49% p.a.
  • International transaction fee: 3.0%
  • Minimum income requirement: $35,000 p.a.
  • Minimum credit limit: $6,000

Earning frequent flyer points for free flights

To get you off to a flying start, you could earn 50,000 bonus Qantas Points plus $100 back to your new card after spending $2,000 on eligible purchases in the first three months from approval, helping to reduce the true 'cost' of your annual fee while still offering bonus points.

Under Qantas' current rates, that's enough for a return first class upgrade from a paid flexible business class airfare on the Roo's Sydney-Singapore flights, or a one-way first class upgrade with points to spare on other business class fare types.

For domestic flights, a one-way economy flight from Sydney to Melbourne is yours after spending $14,500 on the Visa in one statement period, or $10,667 over four statement periods.

ANZ Frequent Flyer Platinum cards: insurance

Cardholders may be eligible for free international travel insurance when holding a return ticket for trips of six months or less and charging at least $250 of pre-paid transport, accommodation, hire cars or tours to their ANZ Platinum card before leaving Australia.

That threshold is on the more generous side, as some other banks have pre-paid spending requirements of $500-$1,000 which can leave jetsetters without cover on less-expensive flights to nearby countries like New Zealand, Fiji and even Singapore and Hong Kong during sale periods.

ANZ also offers purchase security insurance, extended warranty cover, a 'best price guarantee' scheme, interstate flight inconvenience insurance and rental vehicle excess cover in Australia, subject to the policy wording.

For the most part, that's expected of a Platinum card, although rental vehicle excess cover trumps the insurance offerings of a number of other Platinum cards.

How it compares

If your focus is Qantas Frequent Flyer points, ANZ dishes out more points per dollar on its Visa card than the comparable CBA Platinum Awards MasterCard (0.4 Qantas Points per dollar spent) and the Westpac Altitude Platinum Visa (0.5/$1).

If you're dropping a sizeable chunk of coin with merchants that accept American Express, you could also pair your ANZ Visa with another card such as the AMEX Qantas Ultimate Card to maximise your points earn.

Also read: ANZ Qantas Frequent Flyer Black credit card review

Chris Chamberlin
Chris Chamberlin is a senior journalist with Australian Business Traveller and lives by the motto that a journey of a thousand miles begins with a single step, a great latte, a theatre ticket and a glass of wine!
 

5 comments

  • 11sjw

    11sjw

    20 Jul, 2015 12:48 pm

    The capping kills the value if you're running personal and business expenses through it like I was.  Have had to upgrade to the Black Card.

    Member who gave thanks

    1 guest

  • Dean

    deanr

    20 Jul, 2015 01:12 pm

    Erm, it's a personal card, so not really designed for business expenses...

    No member give thanks

  • 11sjw

    11sjw

    20 Jul, 2015 02:40 pm

    When I say Business I mean hire cars, hotels when I'm travelling for business.  Not paying for the quarterly GST bill etc.

    No member give thanks

  • Doubleplatinum

    Doubleplatinum
    Banned

    20 Jul, 2015 03:59 pm

    +1

    No member give thanks

  • PaulST

    PaulST

    20 Jul, 2015 04:55 pm

    I've used this and although I signed up just before the annual fee was waived, I still consider it worth it for the 50,000qff sign-up bonus points (I've got a few international flights coming up where I hope to use them for upgrades). I use the AMEX for most transactions and have barely used the VISA card at all (I use a HSBC platinum where I get 1:1 points and QC passes, until they drop that early next year).

    No member give thanks

Guest

23 May, 2019 07:31 pm

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