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 how it compares.
The ANZ Platinum Visa ($65/year) offers ANZ CashBack rewards, purchase protection, and potential travel insurance inclusion. The ANZ Airpoints Visa has the same $65 fee but earns 1 Airpoints Dollar per $100 instead of cashback. Which earns more for you depends on whether you redeem Airpoints on Air NZ flights or prefer cash back.
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 apply mainly to larger purchases such as appliances and electronics. 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, it is typically activated by purchasing travel tickets with the card.
ANZ Platinum Visa vs ANZ Airpoints Visa
Both cards cost $65/year; the difference is the rewards programme:
| Feature | ANZ Platinum Visa | ANZ Airpoints Visa |
|---|---|---|
| Annual fee | $65 | $65 |
| Rewards | ANZ CashBack | 1 Airpoints Dollar per $100 |
| Reward type | Cashback | Air NZ Airpoints |
| Travel insurance | Check current terms | No |
| Interest rate | 20.95% | 20.95% |
In short: the ANZ Airpoints Visa earns towards Air NZ flights; the ANZ Platinum Visa pays cashback to your account.
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 |
| Break-even | Depends on CashBack rate | $11,250 annual spend on Airpoints alone |
Features and Limitations
Features:
- ANZ CashBack rewards, credited directly to the account with no points to redeem
- Purchase protection and extended warranty on eligible items
- $65 annual fee
Limitations:
- Does not earn Airpoints (the ANZ Airpoints Visa earns Airpoints for the same annual fee)
- 20.95% p.a. interest on a carried balance
- ~2.5% foreign transaction fee
Summary
The ANZ Platinum Visa is a mid-tier card with cashback rewards and purchase protection for a $65/year fee. The ANZ Airpoints Visa costs the same and earns Airpoints instead of cashback, so the difference between them is the type of reward.
Where to check the latest data
Rates, fees and returns change often. Before deciding, check current figures yourself:
- interest.co.nz credit card rates: tables of current credit card interest rates and fees.
- The provider's own website: has its current rates, fees and full terms; these change more often than any comparison page.
- Financial Service Providers Register: shows whether a provider is registered to offer financial services in New Zealand.
Next Steps
- ANZ Airpoints Visa review — Airpoints alternative at same fee
- ANZ Airpoints Visa Platinum review — the step up with travel insurance
- Credit cards NZ compared: full market comparison
- No annual fee cards NZ: if $65/year is too much