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ANZ Platinum
Pros
Cons
Details
Category | Balance Transfer Credit Cards |
---|---|
Card Type | Visa |
Benefits | Complimentary Travel Insurance, Introductory Interest Rate and Reduced First Year Annual Fee |
Minimum Credit Limit | $6,000.00 |
Minimum Income | $35,000.00 |
Additional Cardholders | 9 |
Additional Cardholder Fee | $0.00 p.a. |
Contactless Payments | Apple Pay, Fitbit Pay, Garmin Pay, Google Pay and Samsung Pay |
Rates & Fees | |
Purchase Rate | 20.24% p.a. |
Cash Advance Fee | 2% |
Late Payment Fee | $20.00 |
Annual Fee | $87.00 p.a. |
Foreign Transaction Fee | 3% |
Overseas ATM Withdrawal Fee | $4.00 |
Interest Free Period | 55 days |
Cash Advance Rate | 21.49% p.a. |
Introductory Offers | |
Introductory Rate | 0% p.a. for the first 17 months |
Reduced First Year Annual Fee | $0.00 |
Release date |
Deliberate set up of processes to bait customers into paying interest
-text reminders send when the credit card is overdue, rather than days before any payment is due
-be aware, once you cancel you credit card, ANZ cuts off your access to the ANZ mobile app and internet banking, i.e. you cannot check your final statement
-conveniently the final statement was also not send by mail, instead all I received was a letter confirming that I cancelled my credit card - thanks for that ANZ
-have to call the hotline to get the final payout figure, wasting my time - thanks again ANZ
Luckily there are enough other banks (and credit cards) around...adios ANZ.
Don't bother applying if you do not have full time job, regardless of your history with the bank or your annual income
Wishing to close my credit card with one bank due to the poor behaviours of the executive and as many of us now are contractors or take on short term roles - not able to pass the POLICY requirements for a card, regardless of the actual annual income.
Worthless interstate coverage
Was on a return flight home and Jetstar cancelled my flight due to ‘weather’ and only offered to rebook me in tow days time.
Bought a ticket on virgin for 700 dollars and then I found out that this insurance only covers return flight that are cancelled because of natural disasters and even then up to the value of the original cost of the ticket,
Next time buy proper insurance as this is worthless
Very very good
Hi there,
I got this card in May 2019 and I am really enjoying its features. It gives travel insurance, price protection and very less interest rates.
It also gives freedom to shop around without being worried about price difference because of its price protection features.
Find out how ANZ Platinum compares to other Balance Transfer Credit Cards
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- 4 reviews
- 4 likes
Very Good Service
I have been using this card since March 2019. Its features helped me a lot. It protected me with travel insurance when I went overseas.
It also gave me price protection as well.
I fully recommend this card to every one.
- 19 reviews
- 8 likes
- Verified
Free travel insurance with $250 spend
You are entitled for the complimentary overseas travel insurance if you spend $250 towards your trip plus other t+cs. It’s very easy to spend that on air tickets or hotels.
- 4 reviews
Very good features of this credit card.
I have been using this card since March 2019 when I switched my banking from Commbank to ANZ. The features I am getting with this credit card is really great. I recently went overseas and I did not need to buy Travel insurance as this card insured me for my travel. I can get the peace of my mind when I purchase anything using this card that if there is price difference of that product, I can claim the difference.
Highly recommended.
Related Articles
- 36 reviews
- 27 likes
No need for cash.
Twenty years I use the ANZ Platinum and it is in a way a lifesaver. We hardly ever run it up more than $5k but knowing that we have $36k for emergencies gives us peace of mind.
When our puppy got sick and the costs ran up to $15k, we did not have to 'beg' the bank for an extension or use one of those rip-off easy-loan places. We just used the card and paid the vet hospital, probably saving our puppies life.
We avoid all these reward-cards as most are a scam. They encourage you to buy things that bring rewards points as normal spending never ...
Read moreaccumulates enough points, or it never did for us. So, the ANZ Platinum Debit card with an interest rate of 20.24% on purchases and the usual Bank penalties if you exceed your credit amount, take out cash or not pay down your debt within the interest-free period. If you have the discipline to pay off the debt before you incur interest rates, this card is very economical.- 7 reviews
- 12 likes
- Verified
Great, Inexpensive card
I changed to this card when I was carrying a balance from a Frequent Flyer card to save interest. Won't swap it back as this is a very dependable card and the interest rate is very decent for times you do need to carry a balance. Annual fee is nominal and even gets wiped if you spend over 20k PA. additional cards are free unlike the other ones as well. Highly recommend. ANZ customer service is improving. This would be a perfect card if it offered free overseas transactions.
Find out how ANZ Platinum compares to other Balance Transfer Credit Cards
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- 4 reviews
- Verified
Okay Card, Hassle Free
I have been using ANZ Platinum credit card for about 2 years. So far, it has been a good, hassle free credit card. It was combined with the home loan package from ANZ, so I do not need to pay for the annual fee.
However, it has no promotional feature such as points or offers.
The reviewer stated that an incentive was offered for this review
- 3 reviews
Stay away from this one.
With so many Credit Cards on offer, there's no valid reason to opt for this one.
Ok you only have to be earning $35,000 pa to qualify for a $6 grand credit limit. But what do you get ...free travel insurance, whoopee.
But wait there's more ... you get slugged an annual fee of $87 and a hefty interest rate of 19.49%.
Now you know why I cut up my card. Shop around you can do better.
The reviewer stated that an incentive was offered for this review
- 5 reviews
Overall satisfied
I got this card as a part of break free mortgage package. It is super easy to transfer my balance to this credit card. I use this card all occasions including in overseas. Travel insurence is included so it is useful if you travel often. Overall, I am satisfied with this card.
The reviewer stated that an incentive was offered for this review
Find out how ANZ Platinum compares to other Balance Transfer Credit Cards
Know better, choose better.
- 12 reviews
- 8 likes
Free travel insurance claim and reimbursed promptly
Qualified for this platinum card nearly 25 years ago and used it for the frequent flyer points and travel insurance. At that time I had a Diners and American Express card as well as a Mastercard. Closed both my American Express and Diners cards as they were not received in many shops overseas, and have been using both my Visa and Mastercards.
The reviewer stated that an incentive was offered for this review
- 2 reviews
No annual fee and no rewards.
This is a normal Visa card which offers zero annual fees if you have got it as a part of your break free package.
This card doesn’t offer any rewards but cover free travel insurance if you have used this card for any travel bookings.
I haven’t used this card overseas so far so have no experiences to share.
I haven’t transfer any balance to this card so can’t say how easy or tough it would have been
The reviewer stated that an incentive was offered for this review
- 2 reviews
Low interest rate, less annual fees, Good for overseas travel.
Low interest rate.
less annual fees.
Good for overseas travel.
On the spot processing, no wait time.
Good for Reward points.
Excellence exchange rate for over seas purchases and travel.
I am happy and would highly recommend.
Questions & Answers
do i get another interest free balance transfer as an existing customer. I have this card for 2 years now. I wana do a balance transfer but not sure if i will get interest free 12 months or so .... Please advise?
Hi
How do I find out / get the car rental insurance?
thanks
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