Qantas launches a new credit card with “unparalleled benefits”, but does it actually offer value?

Ceyda Erem

12 Feb 2019

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If you’re a big spender who’s being holding out for the right piece of plastic to come along, we’ve got good news.

Qantas has launched a new credit card, the Qantas Premier Titanium, which according to the credit card provider, offers “unparalleled benefits” compared to the existing Qantas Premier Everyday and Qantas Premier Platinum cards.

The luxe card features a 19.99% purchase rate, a 21.99% cash advance rate and an eye watering $1,200 annual fee, one of the highest on the market.

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Spenders will earn 1.25 points per dollar on Mastercard, up to $12,500 per month, then 0.5 points per dollar on Mastercard, uncapped.

But for rewards lovers who like to take their plastic overseas, you’ll earn 2 Qantas points per AUD $1 equivalent spend.

If you spend $5,000 within the first 90 days of approval, card holders will be rewarded with 150,000 bonus Qantas Points.

There’s also two complimentary Qantas First Class Lounge invitations every year, plus two complimentary lounge invitations for use at the domestic Qantas Club Lounges or Qantas operated International Business Lounges.

A complimentary Qantas Wine Premium Membership, valued at $99, is also up for grabs as well as a 10% saving on eligible Qantas flights for up to two bookings per year for two people on all fare classes, as well as a 20% bonus on Status Credits on Qantas operated and marketed flights.

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“While these flashy plastic perks are a rewards lovers dream, Aussies need to keep in mind that this is not a card for everyone,” warned Mozo Director, Kirsty Lamont.

“Seeing as you’ll need to budget for a $1,200 annual fee and have an annual income of $200,000 to apply, I imagine that small number of Aussies fit the bill. This is a card designed for high earners who are able to spend enough each month to offset the high annual fee.”

Getting down to the nitty gritty, the Qantas Premium Titanium credit comes comes with the rewards card perks you’d expect as standard, including complimentary travel insurance and concierge service.

Does the Qantas Premier Titanium actually hold value?

If there’s one thing that might be on the mind for many Aussie credit card holders, it’s knowing whether the Qantas Premier Titanium card will stack up in terms of reward value.

According to the Mozo database, based on a $60K annual spend, or $5,000 per month, the card has a rewards net value of $572.

And if you think the new Qantas Premier Titanium card isn’t for you, our credit card comparison tool compares a range of credit cards from platinum cards to low rate cards.

6 credit card offers - rates updated daily

  • Promoted

    CUA Low Rate Credit Card

    0% p.a. for 13 months and then 21.74% p.a.

    11.99% p.a.

    $49 $0 in the first year

    0% balance transfer rate for 13 months and up to 55 interest free days. No annual fee for the first year and $49 after.

    • 11.99% p.a.

    • -

    • 0% p.a. for 13 months and then 21.74% p.a.

    • 21.74% p.a.

    • 55

    • 0.0

    • 3.40%

    • $49 $0 in the first year

    • $12.50

    • 2.00%, Min $3.50

    Read our Mozo Review to learn more about the Low Rate Credit Card

    Details Close

  • Promoted

    St.George Vertigo

    0% p.a. for 22 months and then 21.49% p.a. (1.50% balance transfer fee)

    0% p.a. for 7 months then 13.99% p.a.

    $55 $0 in the first year

    Enjoy 0% p.a. for 22 months on balance transfers at card application. 1.5% balance transfer fee applies. Rate then switches to applicable variable cash advance rate. Plus, 0% p.a. on purchases for 7 months. Rate then switches to applicable variable purchase rate. First year annual card fee waived for the first year ($55 thereafter). Available to new cards only, Eligibility criteria and T&Cs apply. Offer ends September 30th 2020.

    • 0% p.a. for 7 months then 13.99% p.a.

    • 0% p.a. for 7 months

    • 0% p.a. for 22 months and then 21.49% p.a. (1.50% balance transfer fee)

    • 21.49% p.a.

    • 55

    • 0.0

    • 3.00%

    • $55 $0 in the first year

    • $15.00

    • 2%, Min $2.50

    Read our Mozo Review to learn more about the Vertigo

    Details Close

  • Promoted

    Bankwest Zero Platinum Mastercard

    2.99% p.a. for 9 months and then 17.99% p.a.

    17.99% p.a.

    $0

    This card boasts no annual fee and the option to pay with the Bankwest Halo payment ring. Plus, with no foreign transaction fees and complimentary travel insurance it's a good pick for travel. Winner of a Mozo Experts Choice Award 2019 in the No Annual Fee Platinum Credit Card category^.

    • 17.99% p.a.

    • -

    • 2.99% p.a. for 9 months and then 17.99% p.a.

    • 21.99% p.a.

    • 55

    • 0%

    • $0

    • $25.00

    • 2%, Min $4.00

    Read our Mozo Review to learn more about the Zero Platinum Mastercard

    Details Close

  • Promoted

    Hot Deal $200 Cashback Offer (T&Cs apply)

    Westpac Low Rate

    0% p.a. for 20 months and then 21.49% p.a. (1.00% balance transfer fee)

    13.74% p.a.

    $59

    Enjoy 0% p.a. interest on balance transfers for the first 20 months. Get $200 cashback with $1k minimum spend on eligible purchases within 90 days of card approval. 55 interest free days and low on-going rate of 13.74% on all purchases.

    • 13.74% p.a.

    • -

    • 0% p.a. for 20 months and then 21.49% p.a. (1.00% balance transfer fee)

    • 21.49% p.a.

    • 55

    • 3.00%

    • $59

    • $15.00

    • 2%, Min $2.50, Max $150

    Read our Mozo Review to learn more about the Low Rate

    Details Close

  • Promoted

    CUA Platinum Credit Card

    0% p.a. for 13 months and then 21.74% p.a.

    19.99% p.a.

    $149 $0 in the first year

    0% p.a. balance transfer, $0 annual fee for the first year and also receive 1 rewards point for every dollar spent. Concierge service and purchase protection insurance.

    • 19.99% p.a.

    • -

    • 0% p.a. for 13 months and then 21.74% p.a.

    • 21.74% p.a.

    • 55

    • 0.0

    • 3.40%

    • $149 $0 in the first year

    • $12.50

    • 2.00%, Min $3.50

    Read our Mozo Review to learn more about the Platinum Credit Card

    Details Close

  • Promoted

    American Express Qantas Discovery Card

    No current offer

    20.74% p.a.

    $0

    Receive up to 1.75 Qantas Points for every $1 spent on Card purchases (T&Cs apply). No annual fee for the life of the card. Credit Card Provider of the Year in the Mozo Experts Choice Awards 2019.^ T&C’s apply.

    • 20.74% p.a.

    • -

    • No current offer

    • 44

    • 3.00%

    • $0

    • $30.00

    Read our Mozo Review to learn more about the Qantas Discovery Card

    Details Close

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