How to cut costs on essentials
Ditch the reliance on the credit card and cut down on costs with these tips. It pays to ditch the big-name brands at the supermarket.
Number free supplementary
Interest Free Days
Interest Free Days
Maximum credit limit
Late Payment Fee
Minimum credit limit
Over limit fee
Minimum repayment dollars
Duplicate statement fee
Minimum repayment percent
Supplementary card annual fee
Cash advance rate
Balance Transfer Rate
Balance Transfer Rate
Balance Transfer Fee
Foreign Exchange Fee
3% on Visa
Estimated ATM Cost
for AU $300 withdrawal
Qantas Frequent Flyer (ANZ Frequent Flyer Platinum)
Cash Back, Domestic Flights, International Flights
Be 18 years of age or over, and; Be a permanent Australian resident or a non-permanent resident with more than 9 months remaining on your Visa
|0.75 points for $1 spent||Visa||Up to $3k monthly||eligible purchases|
|0.5 points for $1 spent||Visa||uncapped||eligible purchases|
Complimentary Qantas Frequent Flyer membership has an annual membership fee of $99.50 (that is waived in the first year).
ANZ is one of Australia’s biggest banks. Its history dates back to 1835, when it was originally known as the Bank of Australasia. In 1951, the Bank of Australasia merged with the Union Bank of Australia to form ANZ Bank.
ANZ not only operates throughout Australia, but is also present in New Zealand, Asia, the Pacific, Europe, America and the Middle East.
As one would expect from a big four bank, ANZ offers a wide range of credit cards.
The ANZ Frequent Flyer Platinum credit card comes with a moderately high interest rate, a high annual fee and a moderate interest-free period.
Cardholders can earn Qantas Points on purchases and use points to redeem rewards through the Qantas Frequent Flyer Program. The card also comes with a range of complimentary insurances, including travel insurance, interstate flight inconvenience insurance, rental excess cover, extended warranty insurance and 90-day purchase security insurance.
Customers who make a purchase on the card and then find the product advertised later at a cheaper price can also claim back the difference through the bank’s Best Price Guarantee Scheme (conditions apply).
This card also allows up to nine additional cardholders for an annual fee and has a moderate credit limit.
In terms of security, customers are protected by ANZ’s Fraud Money Back Guarantee, as well as ANZ Falcon, which provides 24/7 monitoring of suspicious transactions.
The ANZ Frequent Flyer Platinum card is good for people who spend regularly on their card and always pay their balance in full each month. It is also well-suited to frequent travellers thanks to its rewards-earning potential with Qantas’ Frequent Flyer Program. However, the overseas spending fees are relatively high, so it isn’t particularly suitable for international purchases.
Potential cardholders who want to share a credit card account with others (such as small business owners) could also benefit from this card’s allowance for up to nine additional cardholders.
This card comes with a relatively high interest rate and high annual fee, so it’s probably not a suitable option for those on a budget or who are unable to pay their bill on time each month. Similarly, those wanting to transfer debt from another card would likely be better off with a card that offers a more attractive balance transfer deal.
This card comes with a number of rewards benefits to big spenders with the ability to pay off debt every month. Earning points for spending through the Qantas Frequent Flyer Program offers the potential to save money on flights, travel costs and other expenses.
However, the interest rate is relatively high, as is the annual fee, so it’s worth weighing up whether these rewards are worth the costs associated with having the card.
If you are looking to share a credit card account, this card allows a generous number of additional cardholders, although there are other cards available that offer supplementary cards at no extra cost.
Overall, if you’re looking for a credit card geared towards frequent flyers, the ANZ Frequent Flyer Platinum could be a suitable choice. If you’d prefer different rewards or a low-cost card, it might be worth shopping around to find a more suitable option.
To be eligible for the ANZ Frequent Flyer Platinum credit card, you must be at least 18 and have a good credit rating. You also need to be a permanent Australian resident or a non-permanent resident with more than 9 months remaining on your visa.
When applying, you’ll need to provide an Australian driver’s licence or proof of ID, details of your income and financial standing, and two recent payslips as proof of employment. Applications can be completed online or in-branch.
Australia and New Zealand Banking Group (ANZ) is one of the big four financial institutions in Australia and one of the largest banking groups in the Pacific and New Zealand Region. ANZ offers personal finance products to customers including credit cards, personal loans, bank and savings accounts, car loans and home loans. ANZ offers 24/7 customer service through its online services and via phone. Customers can also take care of their banking needs through the ANZ internet banking portal and the ANZ App*.
*The ANZ App is provided by Australia and New Zealand Banking Group Limited (ANZ) ABN 11 005 357 522. Super, Shares and Insurance (if available) are not provided by ANZ but entities which are not banks. ANZ does not guarantee them. This information is general in nature only and does not take into account your personal objectives, financial situation or needs. ANZ recommends that you read the ANZ App Terms and Conditions available at www.anz.com and consider if this service is appropriate to you prior to making a decision to acquire or use the ANZ App.
Nick Bendel was a property and personal finance editor, covering property, loans, credit cards, superannuation, and other bank products. Nick has previously written for The Adviser, Mortgage Business, Lifehacker, Business Insider, Yahoo Finance, and InvestorDaily, and loves getting elbow-deep in the latest ABS, APRA and RBA data.