Reviews

Review: ANZ Frequent Flyer Platinum credit card

By Chris Chamberlin, April 18 2016
ANZ Frequent Flyer Platinum credit card
Notes
The Good
  • Earn up to 0.75 Qantas Points per $1 spent (up to $3,000 per statement period)
  • Free international travel insurance, plus other cover
The Bad
  • Earn rate drops to 0.5 Qantas Points per $1 after $3,000 spend
Added Value
  • Collect up to 50,000 bonus Qantas Points, plus a $100 statement credit

Introduction

ANZ's Frequent Flyer Platinum 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.

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
  • Supported 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: 20.24% p.a.
  • Interest-free days on purchases: Up to 55
  • Interest rate on cash advances: 20.24% p.a.
  • International transaction fee: 3.0%
  • Minimum income requirement: None defined
  • 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 card 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 Frequent Flyer Platinum 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 plastic 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

Bank disclaimer: To apply for this credit card, you must:
-Be 18 years of age or over, and;
-Be a permanent Australian resident or a non-permanent resident with more than 9 months remaining on your visa.

ChrisCh
ChrisCh

Chris Chamberlin

Chris Chamberlin is the Associate Editor of Executive 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!

11sjw

11sjw

11 Mar 2012

Total posts 289

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.

deanr

deanr

Qantas - Qantas Frequent Flyer

04 May 2015

Total posts 229

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

PaulST

PaulST

Qantas - Qantas Frequent Flyer

30 May 2014

Total posts 52

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).


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