Before choosing a premium cash back card, make sure it fits your lifestyle and financial strategy. The ANZ CashBack Visa Platinum is packed with rewards and benefits, but it’s important to evaluate how well it aligns with your spending habits. This card offers exceptional value for regular users who can manage their balance wisely and want premium perks without the complexity of point systems. In this section, we’ll break down both the advantages that set this card apart and the key limitations to be aware of — helping you make a confident and informed decision.
Key Advantages That Make This Card Stand Out
- Higher CashBack rate than the standard version: With the ANZ CashBack Visa Platinum, you’ll earn $1 for every $120 spent, compared to $150 on the standard CashBack Visa. This means you’re rewarded more generously — ideal for those who put most of their daily expenses on their credit card.
- Access to Visa Platinum Concierge: Enjoy 24/7 assistance with travel planning, event bookings, restaurant recommendations, and more. The Visa Concierge service is perfect for busy professionals who want VIP-style support at no extra cost.
- Dynamic CVV for enhanced security: Instead of using the static 3-digit code on the back of your card, you’ll have a dynamic security code available in the ANZ goMoney app, updated every 12 hours. It’s a smarter, safer way to shop online.
- No limit on rewards: Unlike some cards that cap the amount of rewards you can earn, this one offers unlimited CashBack, allowing you to make the most of every eligible purchase throughout the year.
- Full mobile integration: With Apple Pay and Google Pay™, you can make fast, secure payments without ever needing your physical card. Plus, you can manage your account, monitor spending, and more through ANZ goMoney and Internet Banking.
- Visa Offers and Perks: Cardholders gain exclusive access to a wide selection of Visa Platinum offers, such as hotel discounts, entertainment packages, and premium brand promotions — adding extra value beyond just CashBack.
Things to Keep in Mind Before Applying
- Annual fee of $80: While reasonable for a Platinum-level card, the $80 annual fee is higher than the standard CashBack Visa. It’s most worthwhile for those who spend enough monthly to offset this cost through rewards.
- High interest rate on carried balances: With a 20.95% p.a. interest rate on purchases and cash advances, this card is best for users who consistently pay their full balance on time. Otherwise, interest charges can outweigh the benefits.
- No rewards on certain transactions: Cash advances, balance transfers, gambling-related payments, and business expenses are excluded from earning CashBack. Be mindful of what qualifies to maximise your earnings.
- Rewards are credited annually: You’ll only receive your accumulated rewards once per year, on the anniversary of your first eligible purchase — not monthly. This might not appeal to those who prefer more frequent payoffs.
- Minimum credit limit of $8,000: This card is tailored for individuals with higher financial capacity. If you're looking for a lower-limit or entry-level option, the standard CashBack Visa may be a better fit.
How to Apply for the ANZ CashBack Visa Platinum – Step-by-Step
- Visit ANZ’s official website: Go to the “Credit Cards” section and select CashBack Visa Platinum from the list of available cards.
- Start your online application: Click “Apply now” and complete the form with personal details, income, employment info, and financial obligations.
- Meet eligibility criteria: You must be 18 years or older, earn a regular income, and be a New Zealand citizen, permanent resident, or hold a valid visa with sufficient time remaining.
- Wait for assessment and confirmation: ANZ will assess your application and may contact you to provide additional documentation or clarification before approval.
- Receive and activate your card: If approved, your card will arrive by post. You can activate it using the goMoney app or through ANZ Internet Banking and begin using it right away.
The ANZ CashBack Visa Platinum is an excellent fit for those who spend consistently, value premium perks, and prefer cash back over point-based rewards. But the true value of this card lies in how you use it: paying your balance in full each month ensures you avoid interest while maximising your returns.
If you’re ready to elevate your everyday spending with rewards and exclusive benefits, click the button below to apply via ANZ’s official site and learn more about the card’s full potential.
