ANZ Platinum Credit Card
Unlock $450 cashback when you spend $4,500 in 4 months plus pay $0 in annual fees for the first year. Flexible reward and payment features.
The ANZ Platinum Credit Card is drawing attention with its $450 cashback offer and no annual fee for the first year. You’ll receive $450 back if you spend $4,500 on eligible purchases within the first four months of approval. After the first year, the annual fee is just $87, making it an appealing choice for those seeking value. The purchase interest rate stands at 20.99% per annum, and this card is also compatible with all major digital wallets for added convenience.
How to Apply
- Visit the official card application page.
- Ensure you meet eligibility conditions: 18+ age, AU residency, and credit criteria.
- Complete the online application form with personal and financial details.
- Submit supporting documents like proof of income and identification.
- Wait for the outcome, which you’ll usually receive within minutes to a few days.
Key Pros
The standout pro is the substantial $450 cashback, which easily offsets the first year’s fee (which is already waived). Cardholders will also appreciate the compatibility with Apple Pay, Google Pay, Samsung Pay, Fitbit Pay, and Garmin Pay.
The straightforward bonus structure and simple conditions make this card user-friendly. Ongoing benefits like a competitive annual fee after the first year further enhance its appeal.
Key Cons
After the introductory period, the purchase interest rate is 20.99% p.a., which is above average. Carrying a balance can quickly negate the value of any cashback.
Additionally, the card has spending requirements ($4,500 in 4 months) to unlock the cashback, which may not suit those with lower monthly expenses or who find large purchases unnecessary.
Verdict
The ANZ Platinum Credit Card is an excellent choice for those who can meet the initial spending requirement and plan to pay off their balance in full each month. The generous cashback and waived first-year annual fee make it one of the best-value offers. However, you should weigh the ongoing annual fee and interest rate if your spending habits or financial circumstances change over time.