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

Ceyda Erem

12 Feb 2019

Qantas card content

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 October 2021

    Bendigo Bank Low Rate Credit Card

    0% p.a. for 12 months and then 11.99% p.a. (2.00% balance transfer fee)

    0% p.a. for 12 months then 11.99% p.a.

    $45

    0% p.a. on purchases for up to 12 months (Reverts to 11.99% p.a). Also 0% balance transfer for up to 12 months. Low annual fee of $45 and no fees for additional cardholders.

    • 0% p.a. for 12 months then 11.99% p.a.

    • 0% p.a. for 12 months

    • 0% p.a. for 12 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

  • Great Southern Bank Low Rate Credit Card

    0% p.a. for 25 months and then 21.74% p.a.

    11.99% p.a.

    $49 $0 in the first year

    0% balance transfer rate for 25 months and up to 55 interest free days. No annual fee for the first year and $49 after. Mozo Experts Choice Balance Transfer Platinum Credit Card Winner 2020^

    • 11.99% p.a.

    • -

    • 0% p.a. for 25 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

  • MoneyMe Freestyle Virtual Mastercard

    No current offer

    16.99% p.a.

    $209 $0 - $149 based on credit limit, $5/month for balances over $20.

    Use your virtual card instantly once approved (typically within 60 minutes). Features include Tap n Pay with up to 55 days interest-free, transfer money to any bank account and exclusive access to MoneyMe perks. $0 annual fee for lower limits. Must be employed with decent credit history.

    • 16.99% p.a.

    • -

    • No current offer

    • 16.99% p.a.

    • 55

    • 2.99%

    • $209 $0 - $149 based on credit limit, $5/month for balances over $20.

    • $15.00

    Read our Mozo Review to learn more about the Freestyle Virtual Mastercard

    Details Close

  • Apply By 10 October 2021

    humm90 Mastercard

    No current offer

    23.99% p.a.

    $99

    With up to 110 days interest free on your spending, this card is pretty unique in the market, and great for managing your daily spend. Plus, no foreign transaction fees overseas or online.

    • 23.99% p.a.

    • -

    • No current offer

    • 25.99% p.a.

    • 110

    • 0%

    • $99

    • $35.00

    • 3%, min $3

    Read our Mozo Review to learn more about the Mastercard

    Details Close

  • Westpac Low Rate - Cashback Offer

    No current offer

    13.74% p.a.

    $59 $0 in the first year

    Enjoy a super low rate of 13.74% with 55 days interest free plus $400 Cashback with $4k+ spend on eligible purchases within 4 months of card approval. No annual card fee for the first year, $59 thereafter. New Cards only. Offer ends November 30th 2021. T&C's and exclusions apply.

    • 13.74% p.a.

    • -

    • No current offer

    • 21.49% p.a.

    • 55

    • 0.0

    • 3.00%

    • $59 $0 in the first year

    • $15.00

    • 2%, Min $2.50, Max $150

    Read our Mozo Review to learn more about the Low Rate - Cashback Offer

    Details Close

  • Latitude Gem Visa

    No current offer

    19.95% p.a.

    $107 $8.95 monthly fee waived if outstanding balance less than $10

    Enjoy now. Pay later with Latitude. 0% interest for 6 months (purchases over $250). 0% interest payment plans at selected retailers. Up to 55 interest free days. Apply in less than 10 minutes. Must be over 18 to apply.

    • 19.95% p.a.

    • -

    • No current offer

    • 24.99% p.a.

    • 55

    • 3.00%

    • $107 $8.95 monthly fee waived if outstanding balance less than $10

    • $30.00

    • 3%, Min $3, Max $30

    Read our Mozo Review to learn more about the Gem Visa

    Details Close

^See information about the Mozo Experts Choice Credit cards Awards