This was posted 4 years 20 days ago, and might be an out-dated deal.

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ANZ Rewards Platinum Credit Card - 100,000 Reward Pts with $1,500 Spend in 3 Months, $95 Fee ($50 Cashback 1st Year)

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ANZ Rewards Platinum Credit Card - 100,000 Reward Pts with $1,500 Spend in 3 Months, $95 Fee ($50 Cashback 1st Year)
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endolphin on 02/12/2020 - 22:46 anz.com.au (5793 clicks)
Last edited 02/12/2020 - 23:48 by 1 other user

Nice little churner for those between Qantas cards.

Note that the ANZ Qantas Frequent Flyer cards are on a different reward system and therefore it doesn't matter if you have held one of those cards in the last 12 months. Just have to make sure that you haven't held an ANZ Rewards card in the last 12 months. It used to be the case that the ANZ Rewards Travel Adventures card was treated separately as well, but I note that this is now specifically included in the 12 months exclusion clause as well.

$50 back makes the annual fee of $95 effectively only $45 in the first year.

Spend requirement is only $1,500 in first 3 months, which is lower than it usually is for this card.

100k ANZ Reward points can be converted to 50k velocity points or 33.3k Krisflyer points.

22.2k ANZ Reward points can also be converted to $100 Coles or WISH eGift Cards, which makes this bonus worth around $450 total. You can also use the 100k ANZ Rewards points for straight cashback of $400.

Financial ANZ ANZ Rewards Credit Card Reward Points VISA

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closed Comments

  • watwatwat on 02/12/2020 - 22:55
    +4

    Technically the annual fee is still $95.

    Still a good deal.

    • Feeblely on 02/12/2020 - 22:57
      +2

      You get $50 back

      • watwatwat on 02/12/2020 - 22:58
        +2

        Yes. You get $50 back but annual fee is $95.

        • John on 03/12/2020 - 09:51
          +14

          People who negged you probably didn't realise that the original post has $45 annual fee instead, to which your comment makes perfect sense. Otherwise, it looks like you are just stating the obvious.

      • endolphin on 02/12/2020 - 23:03
        +3

        you know what? I debated actually stating that annual fee is $95 but you get $50 back, instead of just simplifying like I did and saying annual fee of $45, but I thought, surely everyone will have common sense, and be able to read, and work it out….

        It took 3 minutes.

        • watwatwat on 02/12/2020 - 23:13
          +26

          It's not common sense because the $95 will be payable immediately soon after you sign up, who knows when the $50 cashback will come. The $50 is also only given if you meet the terms and conditions of the offer whereas the annual fee is payable either way. Also then for future 2nd, 3rd year etc. will be a continued annual fee of $95.

          It took 3 minutes.

          What do you mean by that?

          Also thanks OP!

        • spaceflight on 03/12/2020 - 09:17
          +2

          instead of just simplifying like I did and saying annual fee of $45

          You didn't simplify it because the annual fee is not $45

          • Pufff on 03/12/2020 - 09:44
            +4

            @spaceflight: If people are concerned about paying $95 and when they get $50 back they shouldn't really be applying for a $6000 credit card.

            • spaceflight on 03/12/2020 - 10:32
              +2

              @Pufff: It had nothing to do with that.

              Saying "annual fee of $45" is wrong and cannot be correct

              • Pufff on 03/12/2020 - 11:08
                +1

                @spaceflight: OB is about sharing deals. We're not sitting in court picking apart wording.
                To me if OP said $95 fee but $50 waived or $95 with $50 cashback it's basically the same thing.
                In this particular context as well, you should consider the bigger picture not nit picking.
                What's next? Should OP write: If you don't pay on on time you get charged this and that and then do the calculations for everyone?

                • spiff on 03/12/2020 - 11:50
                  +6

                  @Pufff: Its the same concept why prices for deals net of cashback aren't allowed. You need to state the actual price and then separate potential cashback because you only get the cashback if you meet certain criteria. Arguing against transparency isn't a good idea. Also as someone said above saying the annual fee is $45 implies that the ongoing fee is also $45 which it isn't.

                • spiff on 03/12/2020 - 11:50
                  +1

                  @Pufff: Its the same concept why prices for deals net of cashback aren't allowed. You need to state the actual price and then separate potential cashback because you only get the cashback if you meet certain criteria. Arguing against transparency isn't a good idea. Also as someone said above saying the annual fee is $45 implies that the ongoing fee is also $45 which it isn't.

                  • Pufff on 03/12/2020 - 11:57

                    @spiff: Is there a criteria or hoops to jump through to get this cash back?
                    Maybe if he said 1st year only I'd still accept it.

                    Edit: I went to read TCs and the bonus is both the points and cashback. So you get both or none.

                    • spiff on 03/12/2020 - 12:06

                      @Pufff: Yep that's right

                    • Pufff on 03/12/2020 - 12:10

                      @spiff: Hmm if anything that might need to be noted in description cause I read it as get card, get cashback then if you spend enough you get the points.

                      • endolphin on 03/12/2020 - 12:15
                        -3

                        @Pufff: Only a few minutes after I posted the deal, to appease the precious, I revised the title to reflect the annual fee of $95 (with $50 back in first year).

                        • illumination on 03/12/2020 - 16:03
                          +1

                          @endolphin: Nothing to do with precious… this implies you still don't think you're wrong.

                          I think the best point raised is, if the annual fee is $45, that means the fee (at the time of writing) should be $45 in subsequent years too - which it is not. It is $95.

                          You're just coming off as sour at being corrected and being unwilling to admit it, to be honest.

                          • endolphin on 03/12/2020 - 16:52
                            +1

                            @illumination: OK, I revised the wording in the title, and can admit that it could have previously been misleading about the second year.

                            To be honest I posted this as a bonus point churn opportunity only, and therefore took very little notice of whatever a second year fee might be. I'd expect most here to have this card closed well before one year is up.

                            There are better deals out there for those looking for long term holds.

    • DealBreaker85 on 10/12/2020 - 11:19
      +1

      Just spoke to the ANZ customer care after my card got approved, and they mentioned that they can't see any annual fee for the first year on file. So it is 100000 points + $50 back. :D

  • Unacceptable on 02/12/2020 - 23:05
    +1

    Thank you op. Applied. I was looking to churn credit cards and there’s not many deals to apply for these days.

    • kehuehue on 03/12/2020 - 05:29

      yeah with Kogan and Westpac, both rejecting me

      guess i have to try this. but i will wait to close my Freestyle card first

  • kgree92 on 02/12/2020 - 23:21

    Hi OP I had the ANZ Frequent Flyer Platinum and closed back in September. Does that mean this wont apply to me? :(

    • endolphin on 02/12/2020 - 23:24
      +6

      It means you are fine to apply as you have not held an ANZ Rewards card in the last 12 months, only an ANZ Frequent Flyer card.

  • Osiris on 02/12/2020 - 23:23

    I knew rewards wouldnt mean frequent flyer but still checked it out anyway for some reason >.<

  • nightelves on 02/12/2020 - 23:26
    -1

    Anyone know if this can convert to Krisflyer?

    • bboT on 02/12/2020 - 23:36
      +2

      Read above

  • sol95 on 02/12/2020 - 23:29

    ANZ rewards transfer to KrisFlyer, among a few other FFPs. The transfer rate is 3 ANZ points=1 KF point. Recently made a transfer with the current 15% bonus points on KF transfers

    • nightelves on 02/12/2020 - 23:31

      Thanks not sure if I should wait for the 150k Rewards that Anz sometimes have.

    • nightelves on 02/12/2020 - 23:32

      Do you know if it convert to Asia miles as well?

      • endolphin on 02/12/2020 - 23:36
        +1

        yep, also 3:1 conversion rate like Krisflyer.

  • duchy on 02/12/2020 - 23:35
    -4

    Can you redeem ANZ rewards for Qantas points or anything interesting (I found this deal would be about $400 in Coles vouchers)?

    • endolphin on 02/12/2020 - 23:38
      +16

      I literally state that the 100k Reward points are worth $450 in Coles vouchers, or $400 with a straight cashback.

      In fact anyone can have a look to see what can the points can be used to buy here:

      https://anzrewards.com/

      Not able to convert to Qantas points however.

  • chk on 02/12/2020 - 23:41

    ANZ conversion to velocity has been halted for a while, not sure when transfers to velocity will be reinstated

  • frogduck on 02/12/2020 - 23:53
    +1

    Could I just purchase $1500 of gift cards to hit the spend limit?

    • stockastics on 02/12/2020 - 23:55
      +2

      Yes, why not

      • frogduck on 02/12/2020 - 23:55

        awesome, thanks!

  • motion2082 on 03/12/2020 - 00:04
    -1

    Dont think Im eligible but signing up anyway

  • [Deactivated] on 03/12/2020 - 00:09

    I just cancelled this, but it's still decent value for the Krisflyer points if you transfer to them normally.

  • Ameowzon on 03/12/2020 - 00:14

    $6000 minimum…

    • douglasac10 on 03/12/2020 - 00:31
      +1

      Which is typical for Platinum cards.

      About the only exceptions I can think of are the Bankwest Qantas Platinum and Bendigo's Platinum cards, each with a $3000 minimum.

  • alistairg3321 on 03/12/2020 - 00:15
    +2

    Couldnt find it but does anyone know how long the deal will be up for?

    • endolphin on 03/12/2020 - 00:25

      I couldn't find that either

  • takuarc on 03/12/2020 - 01:44

    Ouch, using the coles/wish gc as basis, each ANZ reward point is worth a staggering 0.0045…

    • busymoddingskyrim on 03/12/2020 - 08:02

      I've been doing this a while and thought I get getting a good deal, what's the best $ to point card?

    • andresampras on 03/12/2020 - 10:58

      isn't this a similar value to QFF?

  • bought on 03/12/2020 - 02:18

    Once upon a time, 14k Amex points = $100 coles woollies gc. Then 20k was a main stay for a while. Nowadays 22.2k. not sure if things got more expensive or gc points devalued.

  • Kammi on 03/12/2020 - 03:32
    +4

    So I can sign up for this, pay $95, get $50 back (sometime in the future), then swap the points for $400 cash into my ANZ account as long as I spend $1500 in 3 months?

    Its like buying a $1500 item for $1145? Whats the catch?

    • Fancydancer on 03/12/2020 - 06:38
      +2

      Just a bit of planning and a credit check

      • takuarc on 03/12/2020 - 14:56

        And probably selling of your personal details so you can get bombarded constantly with this and that company offering “deals” to sign up to even more credit cards…

    • cooni on 03/12/2020 - 09:11
      +4

      Nothing. They’re banking on you becoming a long term user of credit and not paying it back monthly - getting hit with massive interest charges.

      • montorola on 03/12/2020 - 10:06
        +7

        They’re banking on you becoming a long term user of credit and not paying it back monthly - getting hit with massive interest charges.

        Interest?

        THIS. IS. OZBARGAIN!!!

      • [Deactivated] on 03/12/2020 - 13:50

        You think, but ANZ told me they have a free service which automatically pays off your monthly CC debt from your bank account in full.

        • cooni on 03/12/2020 - 17:58

          Yes, all credit cards have a direct debit facility - but people are idiots (or financially stressed) and end up using credit cards like a personal loan. Direct debits fail for not having enough money in their account. The debt becomes tomorrow's problem.
          Credit card debt is a massive problem in not just Australia but around the world.

          • muncan on 03/12/2020 - 19:49

            @cooni:

            Credit card debt is a massive problem business model in not just Australia but around the world.

            Fixed it for you.

  • kehuehue on 03/12/2020 - 05:25

    Hmm the 450$ coles credit could be used to buy a xiaomi ultrawide from kmart…. decisions decisions…

    • Flowerbomb on 08/12/2020 - 16:57

      That’s a great use of the gift card. Got me thinking too. But kmart seems to be out of stock of that monitor.

  • Jimbuscus on 03/12/2020 - 07:22

    Can you use beemit with these credit cards

    • NebulAe on 03/12/2020 - 09:10
      +1

      Credit cards can be used with beemit for "checkout via beem it" only - not send & receive money

    • Ozbargainasaurus on 03/12/2020 - 22:39
      +1

      I wondered this too

  • MrBillions on 03/12/2020 - 07:34

    i'm trying to decipher if $1 = 1 qantas point but it seems that $1 is 0.5 qantas points?

    • thestig on 03/12/2020 - 07:44

      This card doesn't provide Qantas points…you get 1.5 rewards points per $ spent.

  • Jimothy Wongingtons on 03/12/2020 - 07:48

    Any downside to applying, and cancelling after getting points

    • Fancydancer on 03/12/2020 - 08:29

      That feeling of loss?

  • DealBreaker85 on 03/12/2020 - 07:49

    I applied for it last night, and in the end it said that an email will be sent to me, but I haven't received it yet. Has anyone here managed to get an email after submitting the application. Thanks!

    • muncan on 03/12/2020 - 07:58

      Nope, not yet.

      • muncan on 03/12/2020 - 14:14

        Got mine about 10am today.

    • lrz07 on 03/12/2020 - 09:41
      +1

      Applied around midnight last night, got an email just after 8am to submit payslips etc.

      Submitted via the link in the email but received no further confirmation.

      • endolphin on 03/12/2020 - 12:35

        I'm pretty sure that you need to visit your local branch ASAP and demand to know why they haven't approved your application from midnight last night! How rude!

      • DealBreaker85 on 04/12/2020 - 09:21

        Any progress after submitting the payslips? I haven't heard anything yet after submitting mine. Ta.

  • dinglejerry on 03/12/2020 - 07:53

    I suppose you don't get the points if you attach this to your ANZ home loan package - often the way with these offers

  • onetwothreefour on 03/12/2020 - 07:55
    +1

    Thanks op, it's about time my wife was rewarded for her online shopping habit.

    Also I already bank with ANZ so this makes it an easy option for me.

  • Jimothy Wongingtons on 03/12/2020 - 07:59

    Any option around with a 28degree level of price protection? I see this card has it but it only covers purchases of up to $300, and only if it drops by $70 or more?

    I guess the extended warranty of up to a year could be handy…

  • [Deactivated] on 03/12/2020 - 08:01
    -1

    Could you please add Visa to the title to make it clear what type of credit card it is? Often these offers are American Express which is of less use.

  • The8guy on 03/12/2020 - 08:26

    anyone knows if ANZ will have similar offer for their higher level Rewards Black ?

    • [Deactivated] on 03/12/2020 - 08:49

      scroll down to the bottom, it is there

      • The8guy on 03/12/2020 - 09:23

        thanks, seems like Rewards Plat is more worthwhile due to the higher annual fee with Black

  • freestyle18 on 03/12/2020 - 08:28

    so you're saying the qantas variant of https://www.anz.com.au/promo/personal/credit-cards/rewards-b… doesn't count for the 12 months?

  • gadgetguy on 03/12/2020 - 08:31

    Shame no balance transfer offer included.

  • sunyuanxin on 03/12/2020 - 08:32

    I applied for ANZ credit card, and the application was declined. I'm self-employed and was told that if your business has not been more than two years, you cannot apply for ANZ credit card. That's hurt.

    • Flowerbomb on 08/12/2020 - 16:59

      Yeah sole traders have stricter rules. I would suggest you not apply for any more credit cards, as any further inquiries will damage your credit score. Wait until the two years are up, provide your ATO earnings statement, and you might have a better outcome.

  • gmk2 on 03/12/2020 - 08:34

    Note I have applied twice for ANZ rewards cards and gone through the full process to get absolutely no response. Won't be wasting time in future - no credit issues at my end.

    • [Deactivated] on 03/12/2020 - 13:51

      Very long process, when I applied for this card it took a while as they wanted so much information and the min earn was only 45k. It was a pain, I wouldn't go through that now, and a credit check for $400 gift card.

      Some people are desperate for "free" money, but constant credit checks arent great.

  • Jackkkkkk on 03/12/2020 - 08:37

    Buy 2xPS5's, sell for a stupid amount.

    Claim $450

    Winnar

  • Pufff on 03/12/2020 - 08:57

    Can anyone confirm if the application can be done fully online?
    I applied for crappy St George and they had all these online options which none of them worked, which they made me do twice for everything, then asked me to call them so they could tell me to go to a branch. Told them to stick it.

  • SheepshearingReyrey on 03/12/2020 - 09:17

    I still don't understand why people have to pay an annual fee to use an unnecessary service that constantly incurs extra fees

    • innov on 03/12/2020 - 09:29
      +1

      It's probably because you don't spend enough to justify the rewards program.

      • SheepshearingReyrey on 03/12/2020 - 09:38

        I used to spend heaps on hotels and flights…not into the rewards stuff.

        • Pufff on 03/12/2020 - 09:47

          Credit cards aren't as rewarding as they used to be that's for sure.
          Can be worthwhile if there are decent sign up bonuses.

    • endolphin on 03/12/2020 - 12:17
      +1

      I'd pay an annual fee of $10k if I got back 10x that in return…

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