ANZ Frequent Flyer Platinum Credit Card

My monthly spend: 
Card features
Rewards program
Earn rate
Sign up bonus
Points earned
65,000 points when you spend $2,500 in 3 months.
$0 p.a. annual fee for the first year.
Complimentary Qantas Frequent Flyer Membership.
Add to comparison
Qantas Frequent Flyer
Qantas Frequent Flyer
0.75 pts
per $1 spent
up to $3,000
then 0.5 pts
Above $3,000
More info
after spend criteria

Pros & cons

What's good?

What's not so good?

65,000 points when you spend $2,500 in 3 months.
$0 p.a. annual fee for the first year.
Complimentary Qantas Frequent Flyer membership, saving you $89.50.
Earn 0.75 Qantas Points per $1 spent on eligible purchases up to $3,000 per statement period.
Get complimentary Overseas Travel and Medical Insurance.
Dedicated personal concierge service available 24/7.
ANZ Mobile Pay, Google Pay™, Samsung Pay™ and Apple Pay let you use your compatible Android or Apple device to tap and pay.
The $295 p.a. annual fee is quite a commitment.
Interest rate on purchases of 19.99% p.a. is up there at the more expensive end of the range.
0.5 Qantas Points per $1 spent on eligible purchases above $3,000 per statement period.

Our review

Our review of the ANZ Frequent Flyer Platinum Credit CardReviewed by Yvonne Taylor

Shrewd frequent flyers like to plan well ahead to secure award flights, often booking overseas air travel twelve months in advance in order to maximise the options available. This means they need to earn their Qantas Frequent Flyer Points with a degree of certainty and as quickly as possible, and the ANZ Frequent Flyer Platinum Credit Card offers them both assurance and a reasonable speed (for a stand-alone Visa card) in their points acquisition strategy.

Acceptable points earning rate but rather restrictive cap

The 0.75 QFF points per dollar earning rate for this card is reasonable for a Visa card, which is accepted almost everywhere (unlike AmEx cards).

Unfortunately there is a points cap, limiting to $3,000 the spending on which you can earn the full 0.75 points per dollar in any monthly statement period. After $3,000, the earning rate drops to 0.75 pts per $1 spent up to $3,000 then 0.5 pts per $1 spent Above $3,000. Since you are likely to put as many of your purchases as possible through the card in order to maximise points earning, you may find yourself running into the threshold several times per year.

Earn regular bonus points

One way to earn extra points while avoiding the cap is to do your travel spending through Qantas. ANZ has partnered with Qantas and other bonus partners in order to offer cardholders one extra QFF point per dollar spent. This means that you will get 1.75 points per dollar for spending with these businesses (or 1.5 points per dollar if you’ve exceeded the $3,000 threshold). Qualifying Qantas products include flights, Qantas Frequent Flyer and Qantas Club membership fees, and Qantas holidays.

The other bonus partners offering an extra point per dollar are Hertz, Fone Zone, Stamford Hotels, Gold Coast theme parks Dreamworld and WhiteWater World, and ACE Insurance.

There is no cap on the number of bonus points you can earn, so it makes sense to look for opportunities to earn them.

Substantial 65,000 points

When you first start to collect QFF points, or when you’re saving them for a big overseas trip, the rate at which the balance grows can seem infuriatingly slow. But ANZ’s 'welcome aboard’ bonus of 65,000 points points will soon lift your points total out of the doldrums and should renew your enthusiasm for collecting them. After all, 65,000 points puts you nearly halfway towards a return economy flight to London (120,000 points).

Setting your sights a little lower, you could get two return business class flights between Sydney and Melbourne by using the 65,000 points and spending $18,700 on the card.

The 65,000 points are only available to new cardholders (which means you can’t have held any other ANZ card in the previous 12 months) and you’ll need to spend $2,500 in 3 months in order to qualify.

Quantifiable first year fee savings

Many credit cards come with complimentary benefits to which it is difficult to attach a dollar amount. This card also falls into that category, but it does have two concrete benefits with more obvious savings. Firstly, if you are not already a member of the Qantas Frequent Flyer program, you will need to sign up before you can start earning points. This would normally cost $89.50, but ANZ will save you this amount by paying the fee on your behalf.

Secondly, the second year annual fee for this card account is $295 p.a. ($240 card fee + $55 rewards program fee). For each supplementary cardholder the normal fee is a rather pricey $65 ($10 + $55). But ANZ will waive all annual fees in the first year. So, if you needed to enrol in the QFF program and chose to have two supplementary cardholders, your savings in the first year would total $514.50. Not bad.

You can in fact have as many as nine additional cards issued on the account, which in theory is a great way to get the points rolling in. But very few primary cardholders will have time to keep under control the spending activities of nine extended family members, not to mention the high cost of these cards after the first year.

'Complimentary’ insurance cover

The remainder of the allegedly complimentary benefits are more difficult to qualify as being free of charge, and the savings are more difficult to measure. Since the 'free’ insurance policies in particular from the main point of difference between ANZ’s standard frequent flyer card and this platinum version, there must be a strong correlation between the provision of the insurance cover and the extra $200 charged for the platinum card’s annual fee. However, since there are seven types of insurance policy automatically delivered with this card, an extra $200 seems pretty reasonable. Here are the policy outlines:

  • Multi-trip overseas travel insurance for the cardholder and their immediate family, providing cover for emergency medical expenses, protection for luggage against theft, loss, damage and delay, compensation for travel delay or unavoidable cancellation, rental car insurance excess waiver of up to $5,000, and more.
  • Extended warranty insurance, doubling the manufacturer’s warranty up to a maximum of 12 months extra cover.
  • Transport accident cover, for travel on trains, buses, ferries and planes, in Australia or overseas.
  • Rental car collision excess cover in Australia, reimbursing up to $5,000.
  • Interstate flight inconvenience insurance, providing compensation in the event of holiday travel delay or unavoidable cancellation, plus loss or damage cover for luggage.
  • Purchase security insurance, covering personal items against loss, theft or damage for 90 days after purchase, with a generous $135,000 annual claim limit.
  • Best price guarantee scheme, reimbursing the price difference if you see an item advertised for a lower price within 21 days of purchase.

Overseas travel cover is activated by paying at least $250 of your trip’s travel, accommodation or tourist activity cost, in advance, using the card. To obtain transport accident and interstate flight inconvenience cover, you must pay for the full fare using your card. The remaining policies require you to have used your card to pay the total purchase price of the insured items.

ANZ say that the overseas travel insurance alone is worth $800 every year, but of course you need to be travelling overseas at least once a year for this to be true. It is in fact possible to buy an annual multi-trip policy without major destination exclusions for as little as $430, but the cover may not be as extensive as the apparently very comprehensive insurance provided with the card.

Other built-in benefits

Most platinum cards have a list of possibly rarely-used lifestyle extras available to cardholders, and this one is no exception. But it’s certainly worth a look at what’s on offer:

  • Visa Platinum Privileges (also known as Visa Premium) promises you a 24/7 concierge service for travel and entertainment recommendations and bookings, hotel discounts, and more.
  • Visa Entertainment offers access to exclusive ticket pre-sales, offers and competitions.

Predictable interest rates

With an emphasis on frequent flyer points and a very extensive range of insurance, this card was never going to be about low interest rates, or interest-free introductory periods on purchases and balance transfers. You’ll get none of these, because ANZ seem to have assumed, probably correctly, that anyone interested in paying for a platinum card is going to settle their monthly account balance in full nearly all of the time.

So the interest rate on purchases is an unsurprising 19.99% p.a., while the cash advance rate is 21.49% p.a.. There are, however, Up to 55 days on purchases each month, not the less accommodating 44 days, courtesy of the billing cycle.

A traveller’s card

Anyone collecting Qantas Frequent Flyer points with the aim of travelling overseas will particularly appreciate the ANZ Frequent Flyer Platinum Credit Card. The first purchase bonus gets your points balance off to a flying start, and the ongoing earning rate and Visa’s wide acceptance means that you’ll achieve your goal more quickly, with high quality travel insurance to cushion any problems you might experience when you eventually get away.

User reviews

3.7 out of 5.0 based on 39 reviews79% of reviewers would recommend this card

Rates and fees
Customer service

Reviews from users

Convenient and handy card

Reviewed and recommended by Michael on 16 Sep 2016

Very happy indeed with the card. It covers all our travel insurance and is extremely useful at all times. We have used it in England, Singapore, Darwin, Adelaide, Sydney, and wherever we go in Western Australia. It is just so convenient and handy.

I am so glad we have it and don’t believe I would be happy with a different one.

Generally very pleased with this card

Reviewed and recommended by Judy Nguyen on 07 Aug 2013

There was on issue with customer service. They messed up my credit by cancelling the primary card when I reported it as misplaced of the additional credit card. I logged a complaint then the officer contacted me and offer some good compensation. I am happy with this in the end.

Best card I have ever owned

Reviewed and recommended by Elaine on 20 Sep 2016

The ANZ Frequent Flyer Platinum Visa card is the best card i have ever owned. it has a long payment period, good interest rate, a low fee, and is accepted all over the world with no hassles.

Also there is an American Express rewards card attached at no extra charge. with only one payment on one account, which is so convenient. i

t has a lot of benefits, the best one being travel insurance. i would never change it.

The ANZ app is terrible

Reviewed and not recommended by Kat on 20 Jun 2016

I got this credit card due to the frequent flyer points promotion that they had going at the time. I’m currently looking at changing as the fees you pay are huge and the service you get is poor. I had my cards stolen and they didn’t even cancel them after I had called them twice. It also takes about a week for transactions to show on your statement.

Great for travel insurance

Reviewed and recommended by Henry on 19 Aug 2013

ANZ Platinum Visa card has excellent overseas travel insurance if you pay part of your travel costs with this card, you must pay at least $250 to activate travel insurance, highly recommended. The only negative is that you must spend $2 on your card to get 1 frequent flyer point,not very enticing.

Secure and useful worldwide

Reviewed and recommended by Jane on 17 Sep 2016

I have found this card extremely useful, especially as it has a higher credit limit.

On trips overseas, it has been invaluable. No worrying about obtaining and having to carry around large amounts of foreign cash, as this Visa is so widely accepted instead. It saves me worrying about not having enough foreign cash handy, when shopping and not sure what I’m going to buy in advance.

At home I use it for all I can and automatically pay off the balance each month, helping me by keeping money in my offset account longer and saving me money on interest.

Earned 2 return tickets to my home country in 4yrs

Reviewed and recommended by Stan on 09 Oct 2013

Applied the card in order to earn frequent flyer points and it did help a lot. I have been earning 2 return tickets to my home country in 4 years time. I am generally happy with the card as it is accepted in many shops and I never had any trouble when using it.

Cancelling this card because of online banking

Reviewed and not recommended by Angela on 07 Sep 2015

The card is good and as expected, but ANZ’s online banking (i.e. being able to log on, check transactions, view statements) is so incredibly unreliable. About 40% of the time something isn’t working, usually for no apparent reason. This then requires endless waiting on the phone. The call centre staff tries to be helpful, but they are limited by the incredibly complex and complicated system. And once one problem is solved, there is another one next time. I want to be able to log on and check transactions without constant issues and subsequent phone calls, so we’ll be switching to another bank.

Very pleased with this card

Reviewed and recommended by Bosco on 07 Jul 2016

Very handy! I have used this card for more than 5 years and without any problem. It helped me to boost my Qantas Frequent Flyer points and I can use the points to get cheap air tickets for my holiday with my family. I recommend this card to anyone who wants a hassle free credit card.

Great value and features

Reviewed and recommended by Andrew on 17 Sep 2016

ANZ look after me well and I fully recommend them.

The features and rewards from the card make it easy to travel, to shop and to pay bills in a very efficient manner.

The payWave feature allows the speed of interaction to be quick and clean — a great feature.

Show 29 more reviews
Disclaimer: The opinions expressed about credit cards are the reviewer's alone, and do not reflect the views of Credit Card Compare or the credit card issuer. Reviews have not been approved or otherwise endorsed by Credit Card Compare.

The basics

About this card

Card setup
Card tier
Card type
Card use
Credit rating
Gambling transactions allowed
Joint application
Minimum age
18 years old
Minimum income
Minimum income for pensioners
Same as standard
Rewards program
Qantas Frequent Flyer
Temporary residents


Additional cardholders
Additional card fee
$65 p.a.

Credit limits

Minimum credit limit
Maximum credit limit


Interest charged from
Purchase date
Interest free period
Up to 55 days on purchases
Minimum repayment

Rates & fees

Ongoing interest rates

Cash advances 1.79% 21.49% p.a.
Purchases 1.67% 19.99% p.a.


Annual fee
$0 p.a.
Annual fee 2nd year
$295 p.a.
Cash advance fee
Dishonour fee
Duplicate statement fee
Foreign exchange fee
Late payment fee
Over limit fee
Overseas ATM balance fee
Overseas ATM withdrawal fee
Overseas emergency card replacement fee
Transaction verification fee

Rewards & points

Cool stuff you can get with your points

Disclaimer: Does not include taxes, fees, or charges. Accurate as of 25th January 2016.

Earn rates

Spend typeSpend
Airline spend
Up to $3,000
0.75 pts per $1 spent
Above $3,000
0.5 pts per $1 spent
Points capN/A

Rewards program basics

First purchase bonus
65,000 points
Reward points expiry
Never as long as you keep your account active
Rewards program
Qantas Frequent Flyer
Spend required for bonus points
$2,500 in 3 months

Earning points with this card

Frequent flyer points
0.75 pts per $1 spent up to $3,000 then 0.5 pts per $1 spent Above $3,000
Overseas earn rate
Same as standard earn rate
Points cap per month
Points cap per year
Points earned on ATO payments
Reward points

Additional benefits

Airport lounge access
Complimentary flight voucher
Concierge service


This card comes with benefits worth an estimated $1,391

ShoppingEstimated value
Extended warranty
Valuation based on the assumption of making a $250 claim once every 5 years. There is no retail market for all-encompassing extended warranty insurance covering more than one item, so no premium saving.
Guaranteed pricing / price protection insurance
Valuation based on the assumption of making a $100 claim once every 10 years. Extensive conditions apply. There is no retail market for this type of insurance, so no premium saving.
Purchase protection
Valuation based on the assumption of making a $200 claim once every 5 years. There is no retail market for this type of insurance, so no premium saving.
Interstate flight inconvenience insurance
Valuation based on similar domestic travel insurance policies available online that include interstate flight inconvenience.
Overseas travel insurance
Valuation based on similar annual travel insurance policies available online for trips of up to 60 days.
Rental vehicle excess cover (separate from travel insurance)
Valuation based on similar rental vehicle excess insurance policies available online.
Transit accident insurance
Valuation based on similar global transit accident insurance policies available online.
Waived Qantas Frequent Flyer joining fee
Valuation based on $89.50 Qantas Frequent Flyer joining fee spread over 5 years.
Total estimated value$1,391
Annual fee$0
Net customer value$1,391
Disclaimer: Details of who, what, and where coverage applies to, as well as its duration and any coverage limitations will be listed in the credit card insurance product disclosure statement (PDS) on the card issuer's website. The names/labels of complimentary insurance products may differ from one issuer to another. Terms and conditions apply. Always check the insurance PDS when considering a financial product. Accurate as of 31st October 2015.

Minimum criteria for this card

What you need before applying

Be over 18 years old
You are a resident or citizen of Australia
Earn a regular income of more than $35,000 per year
Have a good credit history
You have your personal details ready to complete the online application
Have not applied for multiple credit cards recently
Joint applications are not allowed
Temporary residents are eligible
Age Pension, Disability Pension and Veteran's Pension are acceptable.
Overseas Pension and Widower's Pension are not acceptable.
Carer's Allowance, Child Support Payments and Family Tax Benefits and Parenting Payments are acceptable.
Austudy, Foster Care Allowance and Youth Allowance are not acceptable.
Disclaimer: The minimum criteria pointers are intended only to be a guide. Your application may still be rejected by the bank even if you can answer 'Yes' to all the minimum criteria. The final decision regarding your application is up to the bank.

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