Our verdict

No longer available

The ANZ Rewards Platinum Credit Card - Velocity Points Offer is no longer available for new applications. However, we’ve kept the information online for the benefit of existing customers and for those who are interested. Check out the current Velocity credit cards here.

Pros

Up to 100,000 bonus Velocity Points
Up to 1.5 ANZ Reward Points per $1 spent
Complimentary insurance covers, including international travel insurance, purchase protection insurance and extended warranty insurance

Cons

Low $2,000 threshold before the points per $1 rate is reduced (for that statement period)
Relatively high 20.99% p.a. interest rate for purchases
Relatively high $65 annual fee for each additional cardholder

The ANZ Rewards Platinum has a $149 annual fee, which is competitive for a rewards card and earns up to 1.5 ANZ Reward Points per $1 on eligible purchases, which you can redeem for gift cards, frequent flyer point transfers and other rewards. It also offers complimentary international and domestic travel insurance, as well as other types of cover.

Details

Product details

Product Name	ANZ Rewards Platinum - Velocity Points - DISCONTINUED
Balance transfer rate p.a.	21.99%
Balance transfer limit	95% of available limit
Purchase rate p.a.	Purchase rate p.a. 20.99%
Interest-free period	Up to 44 days on purchases
Cash advance rate p.a.	21.99%
Min credit limit	$6,000
Card type	Visa

Eligibility

Available to temporary residents	Yes - Conditions apply
Joint application	No

Rewards

Rewards program	Velocity Frequent Flyer
Bonus points	100,000
Rewards points per $ spent	1.5

Fees

Annual fee	Annual fee $149
Minimum monthly repayment	2% of the closing balance or $25, whichever is greater
Late payment fee	$20
Foreign currency conversion fee	Foreign currency conversion fee 3%
Cash advance fee	3% or $3, whichever is greater
Overseas cash advance fee	3% of the transaction amount or $4 (whichever is greater)
Overseas ATM withdrawal fee	$5
Additional cardholder fee	$65
Number of additional cardholders	9

How to apply

You can apply for the ANZ Rewards Platinum credit card online in around 20 minutes. Before you start your application, make sure that you meet the eligibility requirements and have the necessary information.

Eligibility criteria

New customer. The bonus Velocity Points offer is only available to new ANZ Rewards credit card holders.
Residency requirement. Citizens and permanent residents of Australia are eligible to apply. If you are a non-Australian permanent resident, you must have at least 12 months remaining on an eligible working or business visa.

Credit history. You must have a good credit score and history. You can get your credit score and comprehensive credit report for free through Finder.
Age. Applicants must be at least 18 years old.

Required documents

Personal details. Your Australian driver's licence for identification purposes (don't worry if you don't have a licence, you can still apply).
Income and finances. You will need to provide information about your income, your expenses, assets and any liabilities. You'll also need to provide two recent pay slips for income verification. If you're a tax resident in another country, you'll need to provide your Foreign Tax Number.
Employment. You'll need to confirm your current employment and provide your employer's contact details. If you're self-employed, you will need to provide your accountant's details.

Card benefits

Up to 100,000 bonus Velocity Points. Receive 70,000 bonus Velocity Points when you apply as a new customer by and spend $2,000 on eligible purchases in the first 3 months from card approval. The other 30,000 Velocity Points will be credited when you keep your account open for over 15 months. The Velocity Points you receive will be converted from ANZ Rewards Points. To get the 70,000 and 30,000 bonus points offers, you'll need to turn on and keep on auto-redemption in your ANZ Rewards account within 3 months from approval so that you can convert your ANZ Rewards Points to Velocity Points. You'll receive an SMS or email with a reward code when you qualify for each offer.
Rewards program. You'll earn 1.5 ANZ Reward Points per $1 on eligible spending up to $2,000 in a statement period, then 0.5 points per $1 on eligible spending above $2,000 for the rest of that statement period. You can redeem points for gift cards, cashback and products from the ANZ Rewards Store. Or convert them to frequent flyer points with Velocity, Air New Zealand Airpoints, Cathay Pacific Asia Miles and Singapore Airlines KrisFlyer. See Finder's ANZ Rewards program guide for more details. ANZ Reward Points convert to Velocity Points at a rate of 2 ANZ Reward Points to 1 Velocity Point.

Complimentary insurance covers. The ANZ Rewards Platinum credit card offers a range of complimentary insurances when you use it to pay for eligible travel and shopping. This includes international travel insurance, domestic travel insurance, rental vehicle excess in Australia insurance, purchase protection insurance and extended warranty insurance. Get more details in Finder's guide to ANZ credit card complimentary insurance.
Mobile payment technology. You can link your account with Apple Pay, Google Pay and Samsung Pay to make contactless payments with an eligible smartphone or smartwatch. You can also use your fitness tracker via Garmin Pay and Fitbit Pay.
Personal concierge. Your 24/7 personal concierge service can help you with lifestyle and travel tasks including booking travel, organising a gift for a loved one or securing tickets to a concert.
Visa Offers + Perks. You can take advantage of exclusive travel, leisure and dining offers thanks to Visa Offers + Perks.
Security. This card offers 24/7 account monitoring through the ANZ Falcon service and the ANZ Fraud Money Back Guarantee means you won't be liable for fraudulent transactions made with your credit card. If your card is lost or stolen, you can also request an emergency card replacement in Australia and around the world.

Rates & fees

Annual fee. This card has an annual fee of $149, which includes a $94 annual fee and a $55 rewards fee.
Purchase rate. There is a 20.99% p.a. variable interest rate for purchases made with this card.

Interest-free days. You can get up to 44 days interest-free on purchases when you pay the total amount listed on your statement by the due date.
Cash advances. Cash advances, such as balance transfers and ATM withdrawals, attract an interest rate of 21.99% p.a. You'll also be charged a cash advance fee of 3% of the transaction amount or $3 in Australia and 3% of the transaction amount or $4 (whichever is greater) overseas.
Foreign currency conversion fee. If you use this card to make purchases overseas or when making foreign transactions online, you'll be charged a currency conversion fee of 3%.
Additional cardholders. You can request up to 9 additional cardholders, which can help you earn more reward points while you manage your family or business expenses. However, there is an additional $65 annual fee for each cardholder.

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Belinda

October 24, 2024

More info on travel insurance

Angus Kidman Finder

October 24, 2024

Hi Belinda, To qualify for the complimentary insurance, you need to spend at least $250 on travel using the card (and for domestic, you’ll need to pay for all flights involved using the card). Our guide to travel insurance with ANZ credit cards has a lot more information on how it works, and you can check out the entire PDS from ANZ if there’s a very specific feature you want to check. Hope this helps!

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Lachlan

October 01, 2024

If i am a member of ANZ banking and held the Adventure travel rewards credit card about 3-4 years ago. Am i still entitled to the bonus points?

Angus Kidman Finder

October 01, 2024

Hi Lachlan, The terms and conditions say the offer is only available to customers who haven’t held a Rewards card in the last 12 months. Since you held yours longer ago than that, you should qualify – provided you did actually cancel the previous card. Hope that helps.

winston

June 12, 2024

what level of income is required for anz platinum reward card

Sarah Megginson Finder

June 28, 2024

Hi Winston,

The minimum credit limit for this card is $15,000 and generally, the minimum income requirement is around $75,000, though your eligibility depends on your expenses, debts and credit rating.

Hope this helps!

ANZ Rewards Platinum Credit Card – Velocity Points Offer

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