This was posted 6 months 19 days ago, and might be an out-dated deal.

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ANZ Rewards Platinum Credit Card: 70,000 Velocity Points with $2000 Spend in 3 Months, $149 Annual Fee @ ANZ

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ANZ Rewards Platinum Credit Card: 70,000 Velocity Points with $2000 Spend in 3 Months, $149 Annual Fee @ ANZ
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ol mate on 16/05/2024 - 08:34 anz.com.au (3695 clicks)
Last edited 02/07/2024 - 16:48 by 2 other users

Looks like ANZ has a new offer for the ANZ rewards card, where you choose to auto transfer to Velocity.

  • 70,000 Velocity Frequent Flyer points (+30,000 after 15 months and another round of annual fee)
  • $149 fee ($94 Annual Fee and $55 Rewards Program Service Fee)
  • $6000 minimum credit
  • $2000 spend on first 3 months
  • Complimentary insurances including International Travel Insurance
  • Up to 55 interest-free days on purchases

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

See also 100,000 ANZ Rewards points offer.

Financial Credit Card Frequent Flyer Reward Points Velocity Frequent Flyer VISA

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Comments

  • GenerallyClumsy on 16/05/2024 - 09:00
    +12

    70k or 70,000k?

    • ol mate on 17/05/2024 - 07:46
      +1

      This is why you shouldn't post from a phone ….

      Thanks to WookieMonster for fixing.

  • umoddbro on 16/05/2024 - 09:00
    +8

    Long and painful sign up process… Countless calls still no word on approval…

    • DrRalph on 16/05/2024 - 09:07
      +3

      Appproved early this week within 1 day. No calls at all.

      • umoddbro on 16/05/2024 - 09:10

        Are you existing ANZ customer? Always been quick with other banks except ANZ

        • DrRalph on 16/05/2024 - 11:15

          No.

    • cook99 on 16/05/2024 - 09:58

      I get quick approvals from ANZ by having salary paid into a debit account. Don't even need to submit payslips this way

    • Mugsy on 15/11/2024 - 01:15

      I signed up for this card earlier this year and it was relatively painless.

      Years ago, I signed up for the old Travel Rewards card and that was painful but it seems ANZ has lifted their game in recent years.

  • mouseman99 on 16/05/2024 - 09:07
    +10

    Painful memories with ANZ applications in the past so I'll pass on this one.

  • ozbargainerlife1 on 16/05/2024 - 09:10

    looking for QF points… what are good cards atm?

  • nosey on 16/05/2024 - 09:12

    I had a similar long winded process about 2 years ago and gave up. Last week in other deal took about 5mins on applying, and a 10min phone call a few business days later where they rechecked my expenditure then it was approved on the spot.

  • GeneralKeen on 16/05/2024 - 09:42
    +1

    No luck with ANZ card the past 2 years, long calls explaining my expenses and rejection after 30 minutes. No issues with other banks though

    • bohn on 16/05/2024 - 09:45
      +3

      are you reporting fairly high expenses?
      try reporting lower expenses.. ;)

  • Mugsy on 16/05/2024 - 09:46

    Hmmm, this might be a good option to cycle to next for me. I cancelled my last Virgin Flyer card in Jan just over 4 months ago so my ability to sign up to Virgin Flyer again is on cooldown.

    And I'm not in a position to grab the Amex Velocity card (big annual fee and won't be able to go on a domestic trip for a while)

    For a points/$ of annual fee spent, this is pretty good atm.

    But yeah, agree that ANZ is a PITA to sign up with. But looks like it'll be worth it.

    • bohn on 16/05/2024 - 09:55

      I cancelled my last Virgin Flyer card in Jan just over 4 months ago so my ability to sign up to Virgin Flyer again is on cooldown.

      why do you say it's on 'cooldown' ? They have no exclusion period.

      • Mugsy on 16/05/2024 - 10:09

        Isn't it a 12 month period of not holding a Virgin Money credit card before you can get bonus points again?

        Seems too good to be true if I can get 60-90k points every 4-6 months.

        • bohn on 16/05/2024 - 10:18
          +1

          you definitely can get every 6mths ish.
          imo prob best to wait approx 6mths just to not get a rejection. That's not too hard, apply, go through 2-3mths to get the points. Wait a short while, re-apply.

          You can do earlier than 6mths but if you do get a rejection you need to wait another 3mths.

          • firestint on 16/05/2024 - 10:21

            @bohn: Is this 6 months period just anecdotal based on your own experience, or did you read that from somewhere?

            • bohn on 16/05/2024 - 10:53

              @firestint: from my experience.
              also, check their terms.
              all of the other providers specify the cooldown period, Virgin does not have one.

        • Azro on 16/05/2024 - 10:31
          +1

          Just yesterday I read here on OZB that a guy succesfully applied for a Virgin card in 3 weeks after cancelling previous card.

          • crackman on 16/05/2024 - 10:44
            -2

            @Azro: Applying is not the problem, qualifying for bonus points is

            • bohn on 16/05/2024 - 10:51
              +2

              @crackman: don't spread nonsense.

              you can qualify for the points no problem. They do not have a strict exclusion policy, but perhaps the only risk is that if you apply for too many cards in quick succession you may get a rejection - but this is the same at any credit provider. I have had two Virign flyer cards within 6 month period and got the points for both.

              I've held the virgin flyer/high flyer many times - more than any other card.

            • Azro on 16/05/2024 - 18:27

              @crackman: Here is an example of getting bonus points 2 months after closing Virgin CC:
              https://www.ozbargain.com.au/comment/14985577/redir

              • timhn on 18/05/2024 - 21:40
                +3

                @Azro: Can confirm that Virgin Money CC don't have cool down period - just like Citibank CC. Closed one in last Dec and reapplied for same card in March and got bonus points without problem.

    • Heybargain on 16/05/2024 - 11:34

      I cancelled my virgin flyer card at beginning of Jan this year. Reapplied beginning of this month and was approved, no exclusion periods on this one from my understanding.

      • Mugsy on 16/05/2024 - 11:54

        And you got the bonus points without issues?

        • nightelves on 16/05/2024 - 12:06

          There’s no exclusion period it’s been discussed multiple times and yes you get the bonus.

          • Mugsy on 16/05/2024 - 12:23

            @nightelves: Cheers!

            Seems they've gotten rid of the clause that states that to be considered a new customer to qualify for the bonus points, one must not have held the card in the past 12 months. I use to be on a rotation between the Amex Velocity card with their 18 month wait period, the Virgin Flyer and the old ANZ Travel Rewards card because of this.

            Now to decide whether I want to sign up with Virgin Money again go with ANZ who only have a $2k spend requirement despite the higher fee.

  • Moo Deng on 16/05/2024 - 09:50

    I thought Virgin don’t have a cooldown?

  • AnyFurtherDiscount on 16/05/2024 - 09:59

    Good deal BUT ANZ makes it very unnecessarily hard to approve

  • bk1973 on 16/05/2024 - 10:04
    -3

    70k velocity for $149 fee is very good. Even the additional 30k velocity for another $149 has some value, and keeping the card for a second year might make you look less like a churner.

  • littlesoldier on 16/05/2024 - 10:04
    +1

    For those that wasn't able to apply ANZ cards
    VirginMoney Velocity Flyer Card offer isn't too bad (10k less points but half the annual fee compare to this card)

    60k velocity points (spending $1500 each month in first 2 months), $74 first year annual fee
    https://virginmoney.com.au/credit-card/compare-our-credit-ca…

    • xiaozaocha on 16/05/2024 - 12:07

      i actually had troubles with all CITI backed cards…never been approved with virgin,citi,coles,qantas money..

      • txb on 08/06/2024 - 11:12

        Citi backed cards: Citi, NAB , Virgin Money, Coles, Qantas Money, St George

        Should make a list as I have applied for St G and Velocity in the past and both were rejected. I fought like a gladiator to convince them to reassess my application which eventually got accepted. But would rather avoid them for as long as I can before reapplying (6-12 months after closing)

        • xiaozaocha on 08/06/2024 - 16:54

          I actually got approved by ST GEORGE and bankSA with no fuss

        • chanhoz on 08/06/2024 - 21:30

          St George is westpac, they are not using Citi for their credit card.

  • BelowSubZero on 16/05/2024 - 10:04

    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

    Does anyone know if ANZ QFF not included?

    • Azro on 16/05/2024 - 10:33
      +1

      They are different programs with different cooldowns.

  • Exorcist on 16/05/2024 - 10:16
    +1

    any good card with 0% international transaction fees?

  • mkowarkski on 16/05/2024 - 10:22
    +1

    NAB cards are the best… they have very good campaigns and partners. Happy with my NAB card, will churn the ANZ black soon :D

  • rrrrrrein on 16/05/2024 - 10:23

    70,000 Velocity Frequent Flyer points worth how much?

    • littlesoldier on 16/05/2024 - 10:34

      I usually value at 1c /point, but marketplace can sell around 1.3c / point
      so 70k velocity would valued $700 for me

      • rrrrrrein on 16/05/2024 - 10:42

        Random question: Is it better value to redeem a Flybuys for Velocity instead of redeeming it on the spot at Coles?

        • littlesoldier on 16/05/2024 - 10:45

          i would say "depends", probably only good time to convert Flybuys to Velocity when they are offering bonus

          eg. Currently Flybuy to Velocity have 5% bonus on next manual transfer, and 15% bonus on Auto transfer (only for members never used auto transfer before)
          https://www.ozbargain.com.au/node/844508

    • bimmeup on 17/05/2024 - 11:45

      Just bought return tickets to Perth for August for 70,000, complete with Economy X and 23Kg luggage.

  • Drakesy on 16/05/2024 - 10:29

    I'd still go the ANZ Black Rewards personally.

    • Mr BoMBAStiG on 16/05/2024 - 10:42

      Def still one of the best

    • concento on 16/05/2024 - 12:17

      Any reason please?

      • nightelves on 16/05/2024 - 16:53
        +1

        90k points + 20% transfer bonus. So 108k in total.

  • Sneakz on 16/05/2024 - 10:34

    Min income?

      • Icyraindrops on 16/05/2024 - 11:26
        +1

        $75k is usually for the black cards I think

        • Azro on 16/05/2024 - 11:34
          +1

          True, I was mistaken.

      • Blokeinhisundies on 16/05/2024 - 11:29

        Unlikely anywhere near that high with only $6000 minimum credit limit.

    • ol mate on 17/05/2024 - 06:04
      +1

      Unofficially $35k, officially it depends on all your circumstances.

      ANZ used to advertise these with a $35k income until around 2018

  • GenerallyClumsy on 16/05/2024 - 12:04

    how's the redemption for velocity vs qff? Just as impossible?

    • nightelves on 16/05/2024 - 12:08

      Much better.

      • littlesoldier on 16/05/2024 - 12:14
        +1

        i find its slightly easier to redeem velocity in peak seasons (basically not able to get classic rewards ticket unless you are in Qantas Gold or above..)
        but qantas have more flights and destinations selection while VA only mainly do domestic
        or otherwise using velocity for partner's airlines like Singapore Air

      • firestint on 16/05/2024 - 12:25

        But it's much easier to do searching on Qantas website that allows you to check availabilities for the entire month. Is there a similar function on Velocity website?

    • Planes are cool on 17/05/2024 - 23:50

      Personally I've seen velocity is easier for Europe and Qantas is easier for America so I use both a lot

  • jar-unit on 16/05/2024 - 12:46

    Are you still elegible if you have anz frequent flyer card?

    • bohn on 16/05/2024 - 12:51

      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

  • johnnytran on 16/05/2024 - 22:43

    Why would you pick this over the 100,000 points deal? am I missing something?

    Also, do people cancel their current card before applying for these new ones? I have 2 CC's with NAB already (8k total credit limit) would I have issues being approved for this? No idea what the min salary is to hold so many CC's. I already have a mortgage so i'm not worried about being declined/credit score etc.

    • ol mate on 17/05/2024 - 06:07
      +1

      ANZ points convert to velocity at 2:1, so 100k ANZ = 50k VFF.

      Depending on what points you’re chasing (VFF, other airlines) or gift cards/cashback, etc. will decide which option is better for you.

      In terms of cancelling before applying, it depends on your financial circumstances. I had 3 cards open earlier this year with a total of $29k, and NAB still approved me for another $6k.

      The banks will look at your take home pay, less expenses and what other credit products you have open to determine if you have the ability to service another card

    • Blokeinhisundies on 17/05/2024 - 06:10
      +1

      100,000 ANZ points converts to 50,000 Velocity points. This offer is for 70,000 Velocity points.

      As for how many cards you can get at once, it all depends on your income and expenses.

      • nightelves on 02/07/2024 - 15:31

        So do you get the rewards points that you have to redeem or anz credits the Velocity in your account?

  • umoddbro on 17/05/2024 - 17:42

    Is this offer chosen on sign up or can you still choose once you're approved? I signed up with the previous 100k anz points deal.

    • firestint on 18/05/2024 - 07:32

      Chosen when signing up

  • cheaponos on 22/05/2024 - 12:43

    Is complimentary International Travel Insurance valid if the associated credit card account has been closed before travelling?

    • Blokeinhisundies on 22/05/2024 - 17:50
      +1

      Not normally, but you'd have to check the T&Cs.

  • Traya1 on 23/05/2024 - 21:44

    How quick do you usually get the points? Is the International Travel Insurance decent or trash?

  • bohn on 23/05/2024 - 23:02
    +1

    Applied for and was approved for the Black card today. Very smooth and quick turnaround.

  • parisian on 24/05/2024 - 09:03

    Any better offer for existing ANZ customers for this card ? or same offer?

  • cemenos on 24/05/2024 - 17:32

    Anz really weird got mortgage with them…got offset for $20k+ and earn $150k annually they only can give me $500 limit credit card.

    • ol mate on 24/05/2024 - 18:36

      Offset doesn’t mean much - you could withdraw it tomorrow and blow it at the pokies.

      Credit limit is usually based on ability to service the card if it were maxed out. They look at your take home pay, less your mortgage repayments, declared (or a set threshold if the amount you declare is lower) living costs and other financial obligations then use that amount to see what credit limit you could service (assuming paying the minimum credit card repayments).

      Sounds like you either have a huge mortgage, or excessive (declared) living costs

  • The8guy on 25/05/2024 - 18:48

    is council rate considered government charges or would it be eligible spend ?

    • ol mate on 25/05/2024 - 23:15
      +1

      Government. Even some utility companies are considered semi-government and excluded…

    • 76F on 28/05/2024 - 00:20

      It'll count through Zip BPAY.

  • trishmapow on 27/05/2024 - 23:43

    Can anyone confirm if paying off Zip (for BPAY) counts?

    • 76F on 28/05/2024 - 00:20
      +1

      Yep.

  • Mugsy on 28/05/2024 - 22:00

    Decided to go with this ANZ deal instead of the Velocity Flyer.

    Main reason is that the spend just needs to be made over the next 3 months… and I don't know when the fridge and washing machines we want will be discounted over EOFY sales. Pretty sure I can hit $2k spend easily.

    But holy christ! They want 3 months worth of payslips????

    • Mugsy on 29/05/2024 - 18:14
      +1

      Well that was quick! Submitted last night, approved today!

      • Mugsy on 05/06/2024 - 18:57

        And card received today. They even sent it to my PO Box!

  • Epaba on 29/05/2024 - 09:12

    Hey all, thoughts on cashing out points as gift cards vs. collecting Velocity points? I'm got a young family and not planning any solo trips anytime soon so business class flights aren't really of interest to me. Would booking domestic flights via points still be better value than gift cards?

    • bohn on 29/05/2024 - 20:32

      gift cards are probably the worst use but still suit some people.

      personally I bank them for flights. I find velocity better (mostly) for international, and when I churn qantas card (if there are no good velocity going) I will probably aim to use those on domestic within Australia.

      • Epaba on 31/05/2024 - 08:58

        Thanks. Maybe I'll play the long game and save up for an overseas trip with the family.

  • Epaba on 31/05/2024 - 08:57

    Once you've hit the spend target how long does it usually take for the points to be credited to your account?

    • 76F on 02/06/2024 - 08:43
      +1

      About 2 weeks for me.

      • SnowDragon on 11/06/2024 - 08:28

        Is it 2 weeks after the statement is issued or 2 weeks after you've spent $2k?

        Had a $2.5k transaction processed on 4/6 and statement issued yesterday. Just waiting to get the points and churn.

        • 76F on 11/06/2024 - 12:07
          +1

          Two weeks after hitting spend target.

        • Pecco on 28/10/2024 - 22:46

          How long did it end up taking for you?

  • Lexie123 on 02/06/2024 - 07:02
    -3

    ANZ is a shell for a clown college all the workers there are ill trained and totally clueless….don't waste your time applying

  • adrianhughes1998 on 07/06/2024 - 18:26

    Applied 4pm yesterday, got a phone call 5 minutes later asking for me to send thru income verification which I was in the process of doing anyway. Also received a text message asking to tell them my best available time to callback about a few questions - said my best timeslot was 4 to 7pm.

    About 24hrs later received email saying my application was successful, with no phone calls made to me (am already an ANZ customer so pretty seamless process).

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