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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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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.

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  • Technically the annual fee is still $95.

    Still a good deal.

    • You get $50 back

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

        • +14 votes

          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.

      • 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.

        • 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!

        • 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

          • @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.

            • @Pufff: It had nothing to do with that.

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

              • @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?

                • @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: 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: 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.

                    • @Pufff: Yep that's right

                    • @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.

                      • @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).

                        • @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.

                          • @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.

    • 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

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

    • yeah with Kogan and Westpac, both rejecting me

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

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

    • 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.

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

  • Anyone know if this can convert to Krisflyer?

  • 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

    • 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.

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

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

  • Dont think Im eligible but signing up anyway

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

  • $6000 minimum…

    • 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.

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

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

  • 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.

  • 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?

    • Just a bit of planning and a credit check

      • 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…

    • 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.

      • 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!!!

      • 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.

        • 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.

          • @cooni:

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

            Fixed it for you.

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

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

  • Can you use beemit with these credit cards

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

  • Any downside to applying, and cancelling after getting points

  • 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!

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

  • 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.

  • 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…

  • 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.

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

  • 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?

  • Shame no balance transfer offer included.

  • 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.

    • 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.

  • 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.

    • 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.

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

    Claim $450

    Winnar

  • 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.

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