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ANZ Rewards Platinum Credit Card - 100,000 Reward Pts with $2000 Spend in 3 Months, $149 Annual Fee, $50 Cashback @ ANZ

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ANZ Rewards Platinum Credit Card - 100,000 Reward Pts with $2000 Spend in 3 Months, $149 Annual Fee, $50 Cashback @ ANZ
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AnyFurtherDiscount on 09/05/2024 - 15:04 anz.com.au (3149 clicks)
Last edited 09/05/2024 - 15:51 by 1 other user

Certified Credit Card Churner

100,000 ANZ Rewards points
$149 fee ($94 Annual Fee and $55 Rewards Program Service Fee)
$50 cashback
$6000 minimum credit
$2000 spend on first 3 months
Complimentary insurances including International Travel Insurance
Up to 55 interest-free days on purchases

Mod note: Cashback amount should not be included in the purchase price of the product.

*Edit: Ensure if applying for an offer, you don’t currently hold and haven’t opened or closed an ANZ Rewards Black, ANZ Rewards Platinum, ANZ Rewards Travel Adventure or an ANZ Rewards credit card in the last 12 months and meet all other offer eligibility criteria."

Financial Cashback Credit Card Reward Points VISA

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closed Comments

  • Drakesy on 09/05/2024 - 15:15
    +21

    $575 net profit for the ANZ Black Rewards
    $350 net profit for the ANZ Platinum Rewards (this card)

    • Deadalready on 09/05/2024 - 15:21
      +1

      Dumb question, but what do you mean?

      Where is the cost and profit coming from???

      • andresampras on 09/05/2024 - 15:27
        +17

        cost = fees
        profit = (estimated $ value of rewards points) minus fees

        • Deadalready on 09/05/2024 - 15:40
          +2

          Thanks for info!

      • Rosscom27 on 09/05/2024 - 19:41
        -2

        I second this…

        Cost: 375
        Vouchers: 800. (As advertised on card website)
        Net: 425

        Have i missed something?

        • Drakesy on 10/05/2024 - 00:21

          You get a $150 rebate

          • Rosscom27 on 10/05/2024 - 20:22
            +1

            @Drakesy: Not sure why you got a down vote, you're correct. Thanks mate, i missed that

    • Blokeinhisundies on 09/05/2024 - 15:39
      -2

      Black has a much higher minimum credit limit ($15K from memory) and would be impossible to get for a lot of churners on mid to lower incomes.

      • catbug on 09/05/2024 - 15:56
        +8

        I know plenty of people approved for the black card on 70k income!

        • crackman on 09/05/2024 - 16:38
          +1

          I got denied and I earn nearly twice as much

          • KaitoKid1412 on 09/05/2024 - 16:56

            @crackman: Did you have other credit limit and debt (what was net income like?)?

            • JDMcarfan on 09/05/2024 - 17:51
              +5

              @KaitoKid1412: not sure about @crackman, but likewise make about double that income and that have reasonable debts. ANZ consistently refuses my CC applications (applied 3 times over 18months) whilst I've churned with about 3 other providers and haven't had any issues (all whilst having a HL with ANZ). My last attempt, applied in my name for a Black and was refuted, then applied for the lower Platinum for mum & dad (about a third of my loan size, also with ANZ, and combined income about 20% more than me) and was still rejected.

              Either ANZ's procedures are trash, or they have a target range of customers that they want to provide credit (i.e. not super low earner, as not responsible lending, but not customers who have very strong repayment histories, thus no/little $$$ for them)

              • bohn on 09/05/2024 - 18:04
                +2

                @JDMcarfan: what are you putting for expenses?

                but not customers who have very strong repayment histories, thus no/little $$$ for them

                this is not true.

              • crackman on 09/05/2024 - 22:19

                @JDMcarfan: This is pretty much on the nose with my experience. HL with them, rejected twice over the period a year, yet have successfully churned other banks.

                They also seem to be the strictest when assessing your documents.

              • KaitoKid1412 on 09/05/2024 - 23:39

                @JDMcarfan: Thanks for the reply. ANZ has been okay for me, they just needed to clarify a few things when after I submitted but that was pretty painless. I only tried platinum rather than black, as I didn't want to risk rejection without knowing an approximate minimum income required.

                Amex is the one where I've tried twice and got rejected both times, I churn maybe around 3 or 4 cards a year, for a few years. not that excessive I think. I actually want an amex as a long term card though

              • bimmeup on 17/05/2024 - 12:14
                +1

                @JDMcarfan: I will say this, I think many of the credit assessors at ANZ are poorly trained. I own a business, own my house outright and have an investment unit with a very manageable mortgage and excellent rent. I also have an excellent credit score. When I applied for a $2K increase on my $6K credit limit, sent them all relevant docs, they kept calling me for clarification until I just gave up. My accountant told me they could not understand the difference between financial statements prepared for accounting purposes and that prepared for Taxation purposes.

          • dinglejerry on 09/05/2024 - 18:19
            +6

            @crackman: Their applications team are a bunch of clowns.

          • Johnrap on 09/05/2024 - 19:09
            -2

            @crackman: U earn 130k and are on OzBargain at 4pm WTF
            what do you do for a living?

            • jecec on 09/05/2024 - 20:46
              +4

              @Johnrap: Lots of people on the top bracket and can ve here at 4pm tbh.

    • MrThing on 09/05/2024 - 17:00
      +1

      thats the profit if you go for the worst value redemption which is gift cards

      best value is converting to frequent flyer points and buying premium cabin reward seats

      • Phesto on 09/05/2024 - 20:22

        So which is better if converting to velocity points?

        • MrThing on 10/05/2024 - 06:28
          +1

          Conversation rates are the same, they are all ANZ rewards points

          Not to be mistaken with amex style which has different points types with different conversation rates for different cards

    • 6828 on 17/05/2024 - 17:23

      Thanks. Applied for the Black Rewards card and was approved. Card arrived today.

      • amorn on 23/05/2024 - 10:25

        the link for $575 net profit = ANZ Black Rewards?

    • amorn on 23/05/2024 - 10:25

      the link for $575 net profit = ANZ Black Rewards?

  • isthisreallife22 on 09/05/2024 - 15:20
    +8

    Certified Credit Card Churner

    Subscribed!

  • A female dog on 09/05/2024 - 15:29
    +1

    Damn, I just signed up about a month ago to a variation of this deal which was something along thee lines of $300 cashback for $1200 spend in first 60 days. Same card I’m pretty sure. I wonder if I can sign up to the ANZ rewards black card as well or if I don’t qualify since I signed up to the platinum.

    • Drakesy on 09/05/2024 - 15:42
      +2

      The ANZ Platinum and ANZ Platinum Rewards are two different schemes (different cards), you can take out both.

      • MrThing on 09/05/2024 - 16:58
        +1

        there are essentially three different types of ANZ credit card which are all independant when it comes to promotions

        frequent flyer / rewards / regular platinum

        • Drakesy on 23/05/2024 - 11:09

          Bingo,

          Looking back at all the missed churning opportunities.

          • MrThing on 23/05/2024 - 12:41

            @Drakesy: NAB has similar frequent flyer and rewards, its cooling off is now 18 months similar to amex

            Westpac and its subsidiaries (st george etc) and citibank are different I believe it excludes you if you have had any reward card in the past 12 months

  • Temptation on 09/05/2024 - 15:32

    Is it difficult to get approval for this card? For example, getting approved for an Amex Charge Card was very straightforward—they didn't require any pay slips and I was approved instantly. However, when I applied for a promotional card from NAB, I was declined. I'm hesitant to keep applying and risk further rejections, as this could negatively impact my credit score due to the number of inquiries on my credit file.

    • bertzza on 09/05/2024 - 15:37
      +2

      In my experience NAB/Citibank are the worst. Straight up reject me.
      Westpac, BOM, ANZ, AMEX never had an issue with.

      • Heybargain on 09/05/2024 - 15:46
        +5

        In my experience NAB was almost as easy as AMEX.
        ANZ was the worst I've had.

        • nightelves on 09/05/2024 - 16:03
          +5

          Be prepared for rejection from Amex if you’re churner.

          • Heybargain on 09/05/2024 - 16:21

            @nightelves: Churner here, no issues with amex. The experience will vary.

            • nightelves on 09/05/2024 - 16:47
              +1

              @Heybargain: You’re one of the luck ones. Look through the past Amex post and you’ll see all the rejection myself included.

              • Steve-o on 09/05/2024 - 18:32
                +1

                @nightelves: Agree I got rejected for the first time by Amex recently

      • andresampras on 09/05/2024 - 15:48
        +1

        I think it just depends.

        I've never had issues with NAB/Citi

        StGeorge has always been a drawn out process from me, asking for proof of every little detail.

        Going through it right now in fact - applied for StG one day, NAB the next day; I already have the NAB card, but StG is still asking for letters and statements.

        • firestint on 09/05/2024 - 16:56
          -1

          I've applied for close to 30 cards in the past 4 years, got rejected for the first time by St George early this week. Pretty sure my income is high enough to afford having another card with a $6k limit but they rejected me on the basis that I wouldn't have enough surplus to afford this card. Called them and changed a few things, even asked if it would make a difference if I were to cancel another credit card with $6k limit too, to which they said no. Still pretty down given it was my first rejection.

            • firestint on 10/05/2024 - 09:43

              @MrThing: Thank you for sharing, I don't deal with rejections very well.

          • andresampras on 09/05/2024 - 17:21
            +1

            @firestint: 30 cards in 4 years???

            Whoa

            • RTY on 13/05/2024 - 12:14

              @andresampras: I got six cards approved, and one rejection from amex, in the last two months.
              I need to spend a lot on furniture so as soon as my home loan was settled, I started applying for new cards.
              I finished the minimum spend on the sixth card and currently I plan to wait a bit before applying for the next one, haha.

          • timhn on 09/05/2024 - 18:26

            @firestint: Same with me.

            StG is the only one rejected me while had no problem with other "difficult" banks like ANZ or Citibank.

      • soan papdi on 09/05/2024 - 15:58
        +1

        Been accepted by several card providers except AMEX. Have to wonder what the various criteria are

        • nightelves on 09/05/2024 - 16:48

          Because you’re a churner.

          • andresampras on 09/05/2024 - 17:20

            @nightelves: i'm a churner, no issues with AMEX to date

            • KaitoKid1412 on 09/05/2024 - 23:35

              @andresampras: Do you let them choose your credit limit by any chance?

              • andresampras on 10/05/2024 - 10:58

                @KaitoKid1412: Yes I do. I figure that gives me a higher chance of being approved than manually choosing the minimum.

                And with regular churning, it's only a temporary credit limit - however high it is

      • MrThing on 09/05/2024 - 16:58

        eugh citibank are absolutely puss to deal with

  • jblow on 09/05/2024 - 15:34
    +1

    What's 100,000 points actually "worth"?

    • bozzonac on 09/05/2024 - 15:42
      +5

      If you click the link, they've included some options under the section 'What could 100,000 ANZ Reward Points get you?'.

    • Daisycogs on 09/05/2024 - 15:42
      +1

      posted above

    • Blokeinhisundies on 09/05/2024 - 15:42

      Velocity points 2:1
      SIA Krisflyer 3:1
      Cathay Asia Miles 3:1

      $440 in gift cards
      $400 in cash back

    • AnyFurtherDiscount on 09/05/2024 - 15:43
      +2

      I usually transfer to Velocity

      100,000 ANZ = 50,000 Velocity
      1 Velocity = $0.013

      -> 100,000 ANZ =~$650

      -$95 FEE

      Total Profit: $555.00

      If there is 15%-20% bonus from Velocity. Extra another 15-20% on top.

      • Drakesy on 09/05/2024 - 16:26
        +1
        • 100,000 ANZ =~$650

        It's actually only $445 in cashback, not sure where you're getting the valuation from.

        • nightelves on 09/05/2024 - 16:49
          +2

          They’re evaluating the points based on Velocity being sold for 1.3c/pt in Ozbargain classified. Hence the $650.

  • Heybargain on 09/05/2024 - 15:47
    +4

    Add eligibility for bonus points please:
    "Ensure if applying for an offer, you don’t currently hold and haven’t opened or closed an ANZ Rewards Black, ANZ Rewards Platinum, ANZ Rewards Travel Adventure or an ANZ Rewards credit card in the last 12 months and meet all other offer eligibility criteria."

    • a1234my on 09/05/2024 - 16:16

      Hold a non reward platinum tried call anz for change to the reward but rejected .

      • Drakesy on 09/05/2024 - 16:27
        +1

        Just take out the other card, they're independent schemes.

  • rplusr on 09/05/2024 - 16:04
    +1

    Is it worth closing other CC before applying?

    • soan papdi on 09/05/2024 - 16:08
      +1

      Usually helps yes, but depends on how much your combined credit limits, incomes and expenses are. Hard to provide a blanket yes/no.

  • soan papdi on 09/05/2024 - 16:09
    +1

    When does this offer end? Have to balance it with the Velocity Flyer that ends on May 15th

    • timhn on 09/05/2024 - 18:37

      If offer from ANZ, nobody knows. They never specify the end date.

  • tabboy on 09/05/2024 - 16:31

    Just started a new job, need to wait 3 months to start the churn lifestyle again :)

  • firestint on 09/05/2024 - 16:53

    Pretty sure this is the case, but confirming that ANZ Frequent Flyer cards are not included in the 12 month waiting period clause to receive bonus sign up points, right?

  • Fastjam on 09/05/2024 - 17:15

    Is there a time frame to apply for this?

    • WwDesi on 09/05/2024 - 17:28

      ASAP

  • Ven0m on 09/05/2024 - 17:27

    Would a recent ANZ Frequent Flyer Black exclude you from this offer? Its not a 'Rewards' card.

    • jeppetto367 on 09/05/2024 - 17:43
      +2

      The ANZ Qantas FF cards and Rewards cards have separate exclusions so you can apply for this with no issue. I have gone through around 3 of each Qantas FF and Rewards in the past 3-4 years and have never had an issue getting the bonus points.

  • tunzafun001 on 09/05/2024 - 18:11

    Westpac version (90k points) is free for previous card holders (> 12months ago), and savings account holders..and those who know how to tweak the URL to include the current customer promo code.

    In summary, these cards should be free (will be if we don't bite on dud deals).
    .

    • edumacation on 09/05/2024 - 21:50

      what is this tweaking of URL you speak of? mind DMing?

      • tunzafun001 on 09/05/2024 - 23:04

        Basically the sign up URL for non members is different than the members. But the only difference was the promo letters on the end.
        Someone here signed in, retrieved and posted the members link. So all you needed to do was click the non members link, then change the end part to match.
        I was never a member, but got the card for free.

  • BaarOzGain on 09/05/2024 - 19:01
    +1

    I have set a reminder to close my ANZ rewards black soon. Too expensive…
    This is a good deal, but seems like I am not eligible.

  • LegoLexus on 09/05/2024 - 19:47

    does online charges (like paying bill, purchasing online stuff from amazon etc) consider spend? or does spend only limited to physical payment at a store/shop?

    sorry i hardly apply any Credit Card so might be a dumb question.

    • pjwellsey on 09/05/2024 - 21:34

      Yep paying bills and normal online transactions count ( usually not paying ATO Bills )

    • CodeXD on 09/05/2024 - 21:35

      bpay is usually not counted

      • johnnytran on 10/05/2024 - 17:06

        It was with NAB up until a month or so ago but I think if you have the option to pay your bill via paypal it still counts. I think paying direct with CC would count but you'd have a surcharge?

        edit

        I'm thinking about rewards points, but the same should apply. I've always met my spend limit paying for bills

    • tunzafun001 on 09/05/2024 - 23:06

      Not govy spends, they don't count.
      Ie. Council rates, rego, ATO.

      You need to buy prepaid gift cards, then use them to pay such spends.

      • NickelandDime on 09/05/2024 - 23:32

        Has this changed? Last time I had one with ANZ and Westpac (several years ago now) I was successful in meeting the spend criteria on car registration

  • Skynz14 on 09/05/2024 - 23:02

    Masters please advise - I am to apply for home loan in next month, is it sensible to go for this deal?

    • hashtagbargain on 10/05/2024 - 02:08
      +3

      lol no. Save yourself the headache.

    • ferrisb on 10/05/2024 - 12:35
      +1

      Having more credit cards (or even applying for more credit cards) can impact your credit rating. Which in extreme cases may impact which lenders will talk to you.

      More directly, a bank will take credit card limits into account when they calculate how much you can borrow. It doesn't matter if you owe $0 on the credit card, they will calculate 'how much would it cost the borrower per month IF they maxed out all their credit cards'.

      Borrowing capacity will depend on your circumstances, lender, mortgage broker etc, but VERY GENERAL FIGURES:

      Bank will

      1) Assume that you COULD max out your credit card, even if you don't
      2) Assume minimum repayment would be ~2.5% per month (of your limit)
      3) Reduce what they lend you based on what your max credit card repayment would be
      3a) $10K limit would be $250/month repayment = $3,000 a year.
      3b) It's not dollar for dollar, there is a multiplier. For every extra dollar your repayments would be, that might reduce your borrowing capacity by about 10-15x that number

      Bottom line: For every dollar you have of credit card limit, I would assume ABOUT $4 of reduced loan size.

      Notes: these are very general figures and will depend heavily on your personal circumstances. If you don't need to borrow anywhere near your 'max', an extra credit might not make any difference.

    • Pidapipo on 10/05/2024 - 13:45

      No. I just went through with a home loan and all lenders asked if I have a credit card.

    • johnnytran on 10/05/2024 - 17:09

      Apply for cc after your home loan. Having a cc reduces your borrowing capacity more than the credit limit I believe

  • Kobe24 on 09/05/2024 - 23:02

    ANZ always rejects me :(

  • mkowarkski on 10/05/2024 - 00:05

    Got rejected for Black in October because of wrong input about my expenses. Applied again and got the card finally in May. Will churn when I get the points 😁

    Which bank is the next target 🤭

    • AnyFurtherDiscount on 10/05/2024 - 09:17

      Did you apply instantly after reject? or wait?

      • mkowarkski on 10/05/2024 - 11:17

        October to May is about 6 months time

  • sp1re on 10/05/2024 - 09:03

    "Ensure if applying for an offer, you don’t currently hold and haven’t opened or closed an ANZ Rewards Black…etc"

    hmmm… stick the new on the wife's name and then cancel the existing in my name?

  • Epaba on 10/05/2024 - 09:14
    +1

    Is anyone able to advise how long the review process usually takes after applying? I don't get paid into an ANZ account so had to provide PAYG statements.

    • Chinese Angel on 16/05/2024 - 09:19
      +1

      For me it was 3 days n approved in 9 for a Rewards platinum after being rejected for Black and after clarifying some paperwork. For me, ANZ was good and responsive. Even though i didnt get the card i applied for they were able to grant me another one without having to reapply. Westpac told me i had to reapply for a lower credit limit online after being rejected for 1 applied. Geeze…

  • Nkl on 10/05/2024 - 09:39

    Has anyone used ANZ Reward points for Cathay Pacific and then Qatar?

    I have bunch of points from last ANZ Black Rewards deal but not sure if I should cash out for gift cards or get points.

    I'm trying to figure out the best card to use for Qatar/Ethiad for Europe flights if anyone has any suggestions. Thanks

    • AnyFurtherDiscount on 10/05/2024 - 09:51
      +1

      @Nkl Velocity points can be booked for both Etihad and Qatar.

      Must try Qatar Business Class Q-Suite on B77

      • Nkl on 13/05/2024 - 09:26

        Thank you, I was looking at a few amex velocity cards so I think it might be time to make the switch once I figure out the best deal.

  • AnyFurtherDiscount on 10/05/2024 - 09:50
    +2

    Velocity points can be booked for both Etihad and Qatar.

    Must try Qatar Business Class Q-Suite on B777

  • Hugh G Rection on 10/05/2024 - 10:00

    can these be converted to qantas points?

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