HomeCredit CardsANZRewards Platinum - Velocity Redemption Option

ANZ Rewards Platinum Credit Card - Velocity Redemption Option

The ANZ Rewards Platinum Credit Card - Velocity Redemption Option offers 50,000 bonus Velocity Points. Ongoing benefits include Velocity Points via ANZ Rewards earned on eligible purchases, and complimentary travel insurance.


Updated 23 December 2024


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Expert Review

The ANZ Rewards Platinum credit card - Velocity Redemption Option is ANZ's mid-tier Velocity Frequent Flyer product. Featuring a relatively low points earn rate which is uncapped, the card provides premium features such as insurances. This card earns ANZ Reward Points, which can be converted to a variety of rewards, including Velocity Points. Further, the product has a $149 annual fee, including up to 44 interest free days.

Considering its key features, this card is most suitable to someone who wishes to be rewarded for their spend. Other benefits include Overseas Travel and Medical Insurance which is similar to equivalent products.

Bonus Points and $50 back to your new card.
For a limited time the ANZ Rewards Platinum credit card - Velocity Redemption Option has a bonus Velocity Points offer, where you could receive 50,000 bonus Velocity Points in the first year. Plus, the product has a $50 back to your new card offer. To get this offer, there will be certain eligibility criteria that you should be aware of before you apply.

Product Details
Be rewarded for your everyday purchases and access a flexible Rewards program with complimentary insurances and Personal Concierge."
- ANZ
Rewards

Earn Velocity Points via ANZ Rewards#

0.75points per $1 spent up to $2,000, then 0.25 per statement

# This product earns ANZ Reward Points which can be converted to Velocity Points. For your convenience, all above references to points are in the Velocity Points currency.

Fees
Account Fees

$94 annual account fee

$55 rewards fee

Additional Cardholder Fees

$10 additional cardholder fee

$55 additional cardholder rewards fee

Up to 9 additional cardholders

Transaction Fees

3.00% international transaction fee

Other fees may apply.

Rates

20.99% p.a. variable purchase rate

21.99% p.a. variable cash advance rate

Up to 44 interest free days on purchases

Features
Insurance

International Travel Insurance

Domestic Travel Insurance

Rental Vehicle Excess in Australia Insurance

Extended Warranty Insurance

Purchase Protection Insurance

Offers
Bonus Points Offer

50,000bonus points

$50back to your new card

Earn 100,000 extra ANZ Reward Points (equal to 50,000 Velocity Points) and $50 back to your new ANZ Rewards Platinum credit card when you spend $2,000 on eligible purchases in the first 3 months from approval. New Rewards card. T&Cs, eligibility criteria, fees and charges apply (including an annual fee, currently $149).
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TMD

Before applying for this product, you should read the Target Market Determination (TMD) available here on the ANZ website.

Alternative Credit Cards
More information
^ Credit card reward programs can be difficult to compare due to tiered and capped points earn rate structures. To simplify comparison, we estimate the number of points you could earn per $1 spent, assuming $5,000 of spend on eligible purchases each month.
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