- Earn up to 0.75 Qantas Points per $1 spent (up to $3,000 per statement period)
- International Travel Insurance, plus other cover
- Earn rate drops to 0.5 Qantas Points per $1 after $3,000 spend
- Collect up to 50,000 bonus Qantas Points, plus a $100 statement credit
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.
Complimentary insurance cover
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 Protection Insurance, Rental Vehicle Excess in Australia Insurance, Transit Accident Insurance and Guaranteed Pricing Scheme cover: refer to the policy documents to check that you qualify, and that the cover meets your needs.
For the most part, those inclusions are expected of a Platinum card, although ANZ's 'Rental Vehicle Excess in Australia Insurance' 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 Mastercard (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.
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.
Bank disclaimer: Complimentary insurance covers: AWP Australia Pty Ltd ABN 52 097 227 177 AFSL 245631 (trading as Allianz Global Assistance) under a binder from the insurer, Allianz Australia Insurance Limited ABN 15 000 122 850 AFSL 234708 has issued a group policy to Australia and New Zealand Banking Group Limited (ANZ) ABN 11 005 357 522 AFSL and Australian credit licence 234527 which allow eligible ANZ account holders and cardholders to claim under the group policy as third party beneficiaries. The eligibility criteria, terms, conditions, limits and exclusions of the group policy are set out in the Premium Cards - Insurances Policy Information booklet (PDF 366kB) and the ANZ Credit Cards Insurance Features booklet (PDF 111.5kB) which may be amended from time to time. An excess may be deducted from any benefit paid. ANZ does not guarantee this insurance. Any advice has been prepared without taking into account your objectives, financial situation or needs. You must check whether or not it is appropriate, in light of your own circumstances, to act on this advice.