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. Advertiser disclosure.

  • Apply By 31 May 2021

    Bendigo Bank Low Rate Credit Card

    0% p.a. for 18 months and then 11.99% p.a. (2.00% balance transfer fee)

    11.99% p.a.

    $45

    0% p.a. balance transfer for 18 months (Reverts to 11.99% p.a). Low annual fee of $45 and no fees for additional cardholders.

    • 11.99% p.a.

    • -

    • 0% p.a. for 18 months and then 11.99% p.a. (2.00% balance transfer fee)

    • 13.99% p.a.

    • 55

    • 3.00%

    • $45

    • $15.00

    • 0.50%, Min $3.25

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

    Details Close

  • Bankwest Zero Mastercard

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

    17.99% p.a.

    $0

    No annual fee and up to 55 days interest free on purchases. Get a notification before your minimum payment is due by setting up Easy Alerts in the Bankwest app.

    • 17.99% p.a.

    • -

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

    • 21.99% p.a.

    • 55

    • 2.95%

    • $0

    • $25.00

    • 2%, Min $4.00

    Read our Mozo Review to learn more about the Zero Mastercard

    Details Close

  • Hot Deal Limited time cashback offer

    Westpac Low Rate

    0% p.a. for 24 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 24 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 24 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

  • ME frank Credit Card

    No current offer

    11.99% p.a.

    $0

    Meet Frank, a low rate credit card with up to 55 interest free days and no annual fee. If simple, hassle free spending is your goal, you and Frank might be a match made in heaven.

    • 11.99% p.a.

    • -

    • No current offer

    • 11.99% p.a.

    • 55

    • 2.30%

    • $0

    • $10.00

    • 2%, Min $4.00

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

    Details Close

  • NAB Qantas Rewards Signature Card

    0% p.a. for 6 months and then 21.74% p.a. (2.00% balance transfer fee)

    19.99% p.a.

    $395 $295 in the first year

    NABs fastest way to earn Qantas Points. 110,000 bonus Qantas Points when you spend $3,000 on everyday purchases within 60 days of account opening and keep the card open for 12 months. 7 complimentary insurances when you meet eligibility criteria including Overseas Travel Insurance.

    • 19.99% p.a.

    • -

    • 0% p.a. for 6 months and then 21.74% p.a. (2.00% balance transfer fee)

    • 21.74% p.a.

    • 44

    • 295.0

    • 3.00%

    • $395 $295 in the first year

    • $15.00

    • 2%, Min $2.50

    Read our Mozo Review to learn more about the Qantas Rewards Signature Card

    Details Close

  • Bankwest Breeze Mastercard

    0% p.a. for 26 months and then 10.99% p.a. (2.00% balance transfer fee)

    10.99% p.a.

    $49 $0 in the first year

    Enjoy 0% p.a on balance transfers for 26 months (2% BT fee applies) then 10.99% thereafter. No annual fee for the first year. Limited time only. Other fees, T&Cs apply. New Mastercard Breeze customers only.

    • 10.99% p.a.

    • -

    • 0% p.a. for 26 months and then 10.99% p.a. (2.00% balance transfer fee)

    • 21.99% p.a.

    • 55

    • 0.0

    • 2.95%

    • $49 $0 in the first year

    • $25.00

    • 2%, Min $4.00

    Read our Mozo Review to learn more about the Breeze Mastercard

    Details Close

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