The ANZ Platinum Credit Card is an excellent choice for those seeking a blend of benefits and affordability. With a low annual fee, complimentary insurance, and enticing introductory offers, this card is designed to cater to a variety of financial needs.
Whether you are traveling overseas or making everyday purchases, the ANZ Platinum Credit Card provides peace of mind with its extensive insurance coverage. Additionally, the card allows you to earn cashback on eligible purchases, making it a practical option for managing your finances effectively.
Why Should I Get an ANZ Platinum Credit Card?
Low Annual Fee
One of the standout features of the ANZ Platinum Card is its low annual fee of $87, which is waived for the first year. This makes it an attractive option for individuals looking to minimize costs while enjoying premium card benefits.
Generous Cashback Offer
New cardholders can receive $300 back after spending $1,500 on eligible purchases within the first three months. This cashback offer provides immediate value and helps offset the annual fee, making it a financially savvy choice.
Comprehensive Insurance Coverage
The ANZ Platinum Card comes with a suite of complimentary insurances, including International Travel Insurance, Domestic Travel Insurance, and Rental Vehicle Excess Insurance. These benefits offer peace of mind while traveling, ensuring that you are protected against unforeseen circumstances.
Additional Features
The card supports mobile wallets like Apple Pay, Google Pay, and Samsung Pay, making transactions convenient and secure. Furthermore, it provides up to 55 interest-free days on purchases, allowing you to manage your cash flow effectively.
Pros and Cons of ANZ Platinum Credit Card
| Pros | Cons |
|---|---|
| Low annual fee ($0 for the first year) | No rewards points earned |
| $300 cashback on initial spending | Annual fee of $87 thereafter |
| Comprehensive travel and shopping insurance | Requires $20,000 annual spend for fee waiver |
| Supports mobile payment options | Higher interest rates on cash advances |
Fees and Interest Associated with ANZ Platinum Credit Card
| Fee Type | Amount |
|---|---|
| Annual Fee | $0 for the first year; $87 thereafter |
| Interest Rate on Purchases | 20.99% p.a. |
| Interest Rate on Cash Advances | 21.99% p.a. |
| Cash Advance Fee | 3% (minimum $3, maximum $20) |
| International Transaction Fee | 3% of the transaction |
| Minimum Credit Limit | $6,000 |
How to Apply for an ANZ Platinum Credit Card?
The application process is designed to be straightforward, allowing you to complete it efficiently. Follow the given steps:
- Gather Required Documents: Prepare your financial information, including income, expenses, and proof of identity.
- Visit the ANZ Website: Go to the ANZ website and find the Platinum Credit Card page.
- Start the Application: Click on the ‘Apply Online’ button to begin the application process.
- Complete the Application Form: Fill out the required fields with accurate information.
- Submit Your Application: Review your application and submit it for processing.
- Await Approval: ANZ will review your application and notify you of the outcome, typically within a few business days.
Eligibility Criteria
To apply for the ANZ Platinum Card, you must meet the following criteria:
- Be at least 18 years old
- Be an Australian or New Zealand citizen, permanent resident, or hold a valid visa with more than 12 months remaining
- Have a stable income and be able to provide details of your financial situation
The Final Words
The ANZ Platinum Credit Card offers a compelling mix of low fees, cashback rewards, and comprehensive insurance coverage. It is an excellent choice for those looking to manage their finances effectively while enjoying valuable benefits.