ANZ CashBack Platinum Credit Card

Gold Award

The ANZ CashBack Platinum Credit Card allows you to earn $1 cash back for every $120 spent on eligible purchases. It charges an annual fee of $80 and has a purchase rate of 20.95%. The ANZ CashBack Platinum Credit Card might be suitable for those who use their credit card regularly and want to earn cash as their credit card reward so they can use it as they please.

If you would like to avoid paying an annual fee but still earn credit card rewards we recommend that you compare all credit cards with rewards on our website to find a suitable reward card with no annual fees for you.

Rewards Points Cash Equivalent

$100 spend earns you $0.83 cash equivalent^.

^ To help you compare reward points across different credit cards and rewards programs, we provide an estimate of the cash-equivalent of the reward points that you will get back for every $100 you spend on eligible purchases with your card. The cash equivalent value given is an estimate only based on a specific redemption example. In some cases reward points cannot be redeemed for cash directly. See below to find out how the estimate was calculated.

Points Cash Equivalence Calculation

If $120 spend earns you $1 Cash back then $100 spend earns you (100/120) = $0.83 cash back.

Key Features

Purchase Rate: 20.95%
Cash Advance Rate: 20.95%
Balance Transfer: Not offered
Annual Fee: $80 per annum after that plus $10 for joint or additional card
Interest Free Days: 55 days
Minimum Repayment:
Card Reward Details: Get $1 cash back for every $120 spent on eligible purchases
Credit Limit: $8,000 minimum credit limit
Other Fees:

IMPORTANT NOTE: please review the credit card details on the provider's website again before applying.

ANZ CashBack Platinum Credit Card Review

Pros and Cons

We've compiled below the pros and cons of the ANZ CashBack Platinum Credit Card to help you decide.

Pros

Get $1 cash back for every $120 spent on eligible purchases
Enjoy Visa Concierge service and Visa Offers and Perks
Unlimited CashBack Rewards

Cons

Limited Benefits
Annual fee
Note: not all rewards credit cards charge an annual fee. For example, the Amex Airpoints credit card does not charge an annual fee and offers a very decent Airpoints earn rate.

What we like about the ANZ CashBack Visa Platinum

Cashback Rewards

With the ANZ CashBack Visa Platinum, you can earn cashback on your everyday purchases. This means that a percentage of what you spend is returned to you, making your money go further. The more you use your card, the more cashback you can accumulate, which can be a great way to save on future expenses.

Special Privileges

Enjoy Visa Concierge service and Visa Offers and Perks reserved for Platinum card holders.

Unlimited Cash Back

The ANZ CashBack Visa Platinum allows you to earn unlimited cashback - this means there is not cap on the amount of cashBack you can earn.

Drawbacks to Consider

Annual Fees

One of the primary drawbacks of the ANZ CashBack Visa Platinum is the annual fee. This card comes with a yearly charge that can be a burden if you do not maximise the benefits. It is essential to weigh this cost against the potential cashback rewards you might earn.

Limited Benefits

The ANZ CashBack Visa Platinum offers very limited benefits compared to other credit cards.

Is the ANZ CashBack Visa Platinum Right for You?

When considering the ANZ CashBack Visa Platinum, it's essential to evaluate your spending habits. This card is particularly beneficial if you frequently use your credit card for everyday purchases. The cashback rewards can add up quickly, making it a great option for those who spend regularly on groceries, fuel, and other daily expenses.

Your financial goals should also play a significant role in your decision. If your primary aim is to earn cashback on your purchases, this card could be a good fit. However, if you are looking to accumulate travel points or other types of rewards, you might want to explore other options. Consider what you want to achieve financially and how this card aligns with those objectives.

How to Apply for the ANZ CashBack Visa Platinum

Application Process

Applying for the ANZ CashBack Visa Platinum is straightforward. Begin by clicking "Apply Now" to visit the ANZ website and click on the 'Apply Now' button on the ANZ website. You will be guided through an online application form where you need to provide personal details, employment information, and financial status.

Required Documentation

To complete your application, ensure you have the following documents ready:

Proof of identity (e.g., passport or driver's licence)
Proof of income (e.g., recent payslips or bank statements)
Proof of address (e.g., utility bill or rental agreement)

Having these documents on hand will speed up the application process.

Approval Timeline

Once you have submitted your application, ANZ will review it. The approval process typically takes a few business days. You may be contacted for additional information if needed. Upon approval, your new card will be mailed to you, usually within 7-10 business days.

Tips for Maximising Your Cashback

Optimal Spending Strategies

To get the most out of your ANZ CashBack Visa Platinum, focus on using your card for everyday purchases. This includes groceries, fuel, and utility bills. By doing so, you can accumulate cashback quickly. Additionally, consider setting up automatic payments for recurring expenses to ensure you never miss an opportunity to earn rewards.

Utilising Bonus Categories

Keep an eye out for special promotions or bonus categories that offer higher cashback rates. These can vary throughout the year, so staying informed can help you take advantage of these opportunities. For instance, some categories might offer double cashback during certain months.

Avoiding Common Pitfalls

To truly benefit from your cashback card, avoid carrying a balance from month to month. The interest charges can quickly outweigh the rewards you earn. Also, be mindful of the annual fees and ensure that the cashback you earn justifies this cost. Lastly, try not to overspend just to earn cashback; it’s essential to stick to your budget and spend wisely.

Frequently Asked Questions

How important is my credit score for getting approved?

A good credit score is important for approval. ANZ generally looks for a score of 600 or higher.

Are there any age or residency requirements?

Yes, you need to be at least 18 years old and a New Zealand resident to apply.

What kind of cashback rewards can I expect?

You can earn cashback on eligible purchases. The rate may vary, so check the latest terms and conditions.

Does the card offer any travel insurance?

No, the ANZ CashBack Visa Platinum does not include travel insurance coverage when you use the card to book your travel.

What are the annual fees for this credit card?

The annual fee for the ANZ CashBack Visa Platinum is $65.

Eligibility Requirements:

Your eligibility for this card would depend on a few criteria listed below. When you apply for the card, ANZ would ask you a few questions about these criteria to determine your eligibility.

Income
Expenses
Debts
Assets
Savings
Investments

**You have to be a New Zealand permanent resident, and have a good credit history to apply for a ANZ Credit Card.

Documents:

In general the following documents are usually required for credit card applications.

Proof of Income

One of the following:

your most recent payslip or salary notice
copies of bank statements that show your pay or salary deposits
a letter from your employer confirming your income
an Inland Revenue Department (IRD) “summary of earnings” notice.

If you’re self-employed, you must supply:

signed financial statements for the past two years
a signed personal Statement of Financial Position
your personal tax return.

Proof of Identity:

A copy of one or two items from List 1. If you provide only one item from List 1, you must also provide one item from List 2.

List 1:

Current passport
New Zealand drivers licence
18+ card
Photo Credit Card

List 2:

Most recent bank statement
Debit card
Credit card
Community services card
Club or society card.

Are you interested in a rewards credit card? Compare ALL Rewards credit cards on our rewards credit cards page.

More Info »

Apply Now »

What is the best credit card in New Zealand?

We've been asked this question a lot so we have compiled our pick of the best credit card in NZ but keep in mind that the best credit card for you depends on your personal circumstance and needs. To find the best credit card for you, we recommend that you compare all credit cards in NZ on our website or narrow down your search by popular credit card types as shown below. Use the top menu of the page to select more credit card types.