Why we like the ANZ Rewards Platinum Card

With a relatively low annual fee, the ANZ Rewards Platinum card lets you earn ANZ Reward Points that are transferrable to four frequent flyer programs. These are Virgin Australia Velocity, Singapore Airlines KrisFlyer, Cathay and Air New Zealand Airpoints.

When you sign up for this card, you could earn 80,000 bonus ANZ Reward Points and $50 cash back to your card. You’ll also receive complimentary insurances including international travel insurance.

Sign-up bonus

Apply for an ANZ Rewards Platinum card and spend at least $2,000 on eligible purchases within the first 3 months to earn 80,000 bonus ANZ Reward Points! That’s equal to 40,000 Virgin Australia Velocity points, 26,667 Singapore Airlines KrisFlyer miles, 26,667 Cathay Asia Miles or 400 Air New Zealand Airpoints Dollars. Alternatively, you could redeem those ANZ Reward Points for a $350 gift card.

Plus, when you meet the spend target, you’ll receive $50 back to your new ANZ Rewards Platinum card.

As an example of how you could spend your points, it costs 35,500 Velocity points (plus taxes & carrier charges) for a one-way Business Reward Seat on Virgin Australia from Brisbane to Perth or Darwin.

Alternatively, you could book a one-way Cathay Pacific Economy Class flight from Sydney, Melbourne, Perth or Brisbane to Hong Kong for 20,000 Asia Miles (plus taxes & charges).

This sign-up offer does not have a fixed expiry date but may be changed or withdrawn at any time.

The offer is not available to existing ANZ Rewards cardholders, or if you have been the primary cardholder of an ANZ Rewards credit card in the past 12 months. However, holding an ANZ Frequent Flyer credit card that earns Qantas Points would not exclude you from this offer.

Earning ANZ Reward Points

With an ANZ Rewards Platinum card, you’ll earn 1.5 ANZ Reward Points per $1 spent on eligible transactions (excluding government payments) up to the first $2,000 per month. That’s effectively 0.75 Velocity points or 0.5 KrisFlyer miles per dollar spent.

After spending $2,000 in a given monthly statement period, you’ll earn 0.5 ANZ Reward Points per dollar on any remaining spend.

There is no cap on the total amount of points you can earn.

ANZ Reward Points are valid for 3 years, but unused points do expire at the end of the third year after they are earned. You can use your points or transfer them to a frequent flyer program before this time to avoid losing them.

Earning points for ATO & government payments

The ANZ Rewards Platinum card does not award any points on payments made directly to the ATO or other government bodies in Australia.

However, you can use a payment service such as pay.com.au to pay tax and other bills with this card, and still earn points at the full rate!

Redeeming ANZ Reward Points

ANZ Reward Points can be converted to 4 different frequent flyer programs. Here’s the full list of ANZ Rewards transfer partners:

Transfer partners	1 ANZ Reward Point equals…	Minimum redemption
Air New Zealand Airpoints	0.005 Airpoints Dollars	2,000 Reward Points
Cathay (Asia Miles)	0.33 miles	3,000 Reward Points
Singapore Airlines KrisFlyer	0.33 miles	1,500 Reward Points
Virgin Australia Velocity	0.5 points	2,000 Reward Points

See our Overview of ANZ Rewards Transfer Partners for more information.

Alternatively, you could redeem your points through the ANZ Rewards program for rewards including:

• Gift cards
• Cashback
• Merchandise from the ANZ Rewards Store

Other card benefits

Complimentary travel insurance

This card comes with complimentary domestic and international travel insurance. This insurance is underwritten by Allianz and is available when you spend at least $250 on prepaid travel costs before leaving Australia. You must be aged under 81 years old and have a return overseas travel ticket before leaving Australia.

The card also comes with complimentary rental vehicle excess in Australia, extended warranty insurance and purchase protection insurance.

Before using this insurance, we’d encourage you to read the PDS here.

Cashrewards partnership

ANZ has also joined forces with Cashrewards to offer its customers great cashback offers both online and when shopping in person. You can link your ANZ credit card to your free Cashrewards account to access Cashrewards offers when shopping in-store with its retail partners.

Summary

Frequently Asked Questions (FAQs)