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ANZ Rewards Velocity Platinum

ANZ Rewards Platinum - Up to 80,000 bonus Velocity Points

Up to 80,000 bonus Velocity Points

Offer ends: 15 Nov 2035

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Auto-redemption must be kept on until points for relevant criteria have been made available for redemption.

Card Highlights

Earn

ANZ Rewards per $1

1.5 Points

on eligible purchases Keep on your auto redemption on to convert 2 ANZ Rewards Points into 1 Velocity Point.

Travel Benefits

Travel Insurance

Complimentary Travel Insurance

Concierge Service

Get 24/7, 7 days a week travel and lifestyle services assistance with Personal Concierge.

Points Cap

Yes

Up to $2,000 per statement cycle, then 0.5 pts per $1.

Annual Fee

$149 p.a.

ATO Points

No

Overseas Transaction Fee

3%

of the converted amount

Interest-free Rate on Purchase

Up to 44 days

Purchase Rate

20.99% p.a.

Cash Advance Rate

21.99% p.a.

Where could 80,000 bonus Velocity Points take you?

You could redeem them for the following:

Singapore, redefined in comfort

Singapore, redefined in comfort

Fly one-way from Sydney, Melbourne, Brisbane or Adelaide to Singapore in Business Class for 74,000 Points. Taxes and carrier charges apply**.

Double the adventure to Queenstown

Double the adventure to Queenstown

Fly return for two from Sydney, Melbourne or Brisbane to Queenstown in Economy for 71,600 Points. Taxes and carrier charges apply**.

Why Choose This Card

The ANZ Rewards Platinum Card is an excellent entry-level card for anyone starting their Velocity Points journey. With a low annual fee, it’s one of the most affordable ways to earn Velocity Points through everyday spending. The $50 cashback offer also helps offset roughly a third of the cost, making it even better value in the first year.

You’ll earn 1.5 ANZ Reward Points per $1 on eligible purchases, which converts to 0.75 Velocity Points per $1 at a 2:1 rate — an easy, consistent way to grow your balance without overcomplicating things.

What makes this card particularly appealing is the range of complimentary insurances rarely seen at this level. With international and domestic travel cover, rental vehicle excess cover, and purchase protection including extended warranty insurance, it provides a reassuring layer of protection for anyone getting started with Velocity Points and looking for everyday value.

Read full review

This guide references some of the benefits of insurance policies provided with this card. You should read the PDS and obtain independent professional advice before obtaining this product.

Eligibility Criteria

These are the minimum requirements to be eligible to apply for this Card. Other additional eligibility criteria, such as proof of income, will generally be required later on.

  • Be aged 18 years or over
  • Be an Australian citizen, permanent resident, or hold a long-term visa
  • Have a good credit history and no payment defaults
  • To be eligible for the bonus offer, you must not hold, or have held, an ANZ Frequent Flyer or ANZ Rewards Credit Card in the last 24 months and meet all of the other eligibility criteria

Frequently Asked Questions

How do I access the bonus Velocity offer?

To be eligible for the bonus offer, you must not hold, or have held, an ANZ Frequent Flyer or ANZ Rewards Credit Card in the last 24 months and meet all of the other eligibility criteria. Additionally, you’ll need to enable points auto-redemption to your linked Velocity account.

Is there complimentary insurances with this card?

The ANZ Rewards Platinum Velocity card comes with international and domestic travel cover, rental vehicle excess cover, and purchase protection including extended warranty insurance.

What can I use my points on?

You can use Velocity points on a range of products and services, from flights to gift cards and even at Myer. The best-value rewards tend to be using your points for reward seats or upgrades. See our guide for more info.

Does this card come with lounge access?

You don’t get any lounge passes or access with this card.

What is an eligible purchase?

Most every day purchases are eligible purchases. Certain transactions and other items are not eligible to earn ANZ Rewards Points. Examples of transactions and other items which will not earn ANZ Reward Points are interest charges, fees, cash advances, cash equivalent transactions, balance transfers, BPAY or Post BillPay payments, Government Charges, transactions for gambling or gaming purposes and reversed or refunded transactions will not count towards your qualifying eligible purchases.

Terms and Conditions

** Reward Seat fares

Reward Seat fares are based on Economy Reward Seat availability on Virgin Australia and partner airlines for the selected route (correct as at 15 October 2025). The base fare is payable in Velocity Points, with applicable taxes, fees, and carrier charges payable in addition to the Points redeemed.
Reward Seats are limited and may not be available on all flights or during peak travel periods. Bookings must be made via the Virgin Australia website. Reward Seat bookings and associated charges do not earn Velocity Points. A payment surcharge may apply.
Changes or cancellations can be made for a fee and any fare difference, provided they are requested at least 24 hours before the scheduled departure. For international partner airlines, voluntary changes may require cancellation and rebooking on a new ticket. Where eligible, the original ticket value will be refunded.
Some flights may be operated by partner airlines, and different baggage allowances or conditions may apply. For full fare rules and conditions, visit velocityfrequentflyer.com.