The ANZ Platinum Visa is ANZ’s entry-level premium credit card — not to be confused with the ANZ Airpoints Visa Platinum. Here’s what it offers and who it suits.
The ANZ Platinum Visa ($65/year) offers ANZ CashBack rewards, purchase protection, and potential travel insurance inclusion. It suits ANZ customers who want a premium card with cashback-style rewards rather than Airpoints. For Airpoints earners, the ANZ Airpoints Visa (same $65 fee) is usually more valuable for Air NZ flyers.
ANZ Platinum Visa — Key Facts
| Feature | Detail |
|---|---|
| Annual fee | $65 |
| Interest rate | 20.95% p.a. |
| Rewards | ANZ CashBack (cashback on eligible purchases) |
| Purchase protection | Yes — extended warranty and purchase cover |
| Travel insurance | Check current card benefits at anz.co.nz |
| Interest-free period | Up to 55 days |
| Card network | Visa |
| Foreign transaction fee | ~2.5% |
| Minimum credit limit | Check with ANZ |
| Contactless / Apple Pay | Yes |
Note: ANZ periodically updates card benefits — always verify current inclusions directly with ANZ.
ANZ CashBack Rewards
The ANZ Platinum Visa earns ANZ CashBack rewards — a cashback programme where a percentage of eligible purchases is credited back to your account.
How ANZ CashBack works:
- Earn cashback on eligible everyday purchases
- Cashback is credited to your account (reducing your balance)
- Some categories may earn at higher rates
- Certain transaction types may be excluded
Check current ANZ CashBack earn rates at anz.co.nz as these can change.
Purchase Protection Benefits
The ANZ Platinum Visa typically includes:
Extended Warranty: Doubles the manufacturer’s warranty (up to a maximum period) on eligible items purchased with the card.
Purchase Protection: Covers eligible new purchases against accidental damage or theft for a defined period after purchase.
These protections can be genuinely valuable for larger purchases — appliances, electronics, etc. Check policy documents for specific conditions and exclusions.
Travel Insurance
Check whether the current ANZ Platinum Visa includes complimentary travel insurance. Benefits and inclusion can change — if travel insurance is a key reason for considering this card, verify the current policy documents directly with ANZ before applying.
If travel insurance is included and activated by purchasing travel tickets with the card, this can significantly increase the card’s value for travelling NZers.
ANZ Platinum Visa vs ANZ Airpoints Visa
Both cards cost $65/year — the choice comes down to which rewards programme suits you:
| Feature | ANZ Platinum Visa | ANZ Airpoints Visa |
|---|---|---|
| Annual fee | $65 | $65 |
| Rewards | ANZ CashBack | 1 Airpoints Dollar per $100 |
| Best for | Cash rewards earners | Air NZ flyers |
| Travel insurance | Check current terms | No |
| Interest rate | 20.95% | 20.95% |
Rule of thumb: If you fly Air NZ regularly, the ANZ Airpoints Visa earns towards flights. If you don’t fly much or prefer cashback, the ANZ Platinum Visa’s cashback may suit better.
ANZ Platinum Visa vs ANZ Airpoints Visa Platinum
| Feature | ANZ Platinum Visa | ANZ Airpoints Visa Platinum |
|---|---|---|
| Annual fee | $65 | $150 |
| Rewards | CashBack | Airpoints (1 per $75) |
| Travel insurance | Check terms | Yes — confirmed |
| Best for | CashBack earners, lower fee | High-volume Airpoints earners who travel |
Who Is the ANZ Platinum Visa Best For?
Good fit:
- ANZ customers who want a premium card with cashback rewards
- Those who prefer cashback to Airpoints (simpler redemption — applied directly to account)
- Those who value purchase protection for electronics, appliances, and new purchases
- Those who want platinum card status without upgrading to the full Airpoints Platinum
Not a good fit:
- Regular Air NZ flyers → ANZ Airpoints Visa earns Airpoints at the same annual fee
- Carrying a balance → 20.95% wipes out any cashback earned
- High spenders wanting the best value → ANZ Airpoints Platinum (1 per $75, travel insurance) is worth the extra $85/year above $11,250 spend
Verdict
The ANZ Platinum Visa is a solid mid-tier card for ANZ customers who want cashback rewards and purchase protection at a moderate $65/year fee. The main competition is the ANZ Airpoints Visa at the same price point — choose based on whether you value cashback (Platinum Visa) or Airpoints for Air NZ flights (Airpoints Visa). For regular Air NZ travellers, the Airpoints programmes are typically more valuable.
Next Steps
- ANZ Airpoints Visa review — Airpoints alternative at same fee
- ANZ Airpoints Visa Platinum review — the step up with travel insurance
- Best credit cards NZ — full market comparison
- Best no annual fee cards NZ — if $65/year is too much