Qantas premium rewards credit card: coming to a wallet near you

As Aussies grow more and more disillusioned with low value rewards points schemes, Qantas has announced that it will launch its own reward-focused platinum credit card by the end of the financial year.

The card is set to be issued by Citi and powered by Mastercard, and will offer cardholders a high points earn rate along with exclusive travel benefits.

The new card offering is in response to strong demand for rewards points as a part of everyday spending, according to Qantas Loyalty CEO, Lesley Grant.

“Around 35% of credit card spend in Australia earn Qantas Points, which shows strong interest in this type of reward but also plenty of room for growth,” she said.

If the card is able to offer customers solid rewards value, it may turn out to be a favourite with the three out of four Aussies who have a rewards card. Earlier in the year, Mozo found that 65% of these cardholders were ready to axe their card if rewards value dropped any further, so a competitive new offer may be a welcome addition to the market.

Although the full features of the new Qantas card will only be released when it is launched, it’s unsurprisingly designed for travellers.

“This is a premium card aimed at people who love earning Qantas Points and who travel enough to want access to special deals on airfares and lounge access,” said Grant.

“Ultimately, it’s about giving customers more choice by widening the range of cards that you can earn points on and adding some unique features that only Qantas can offer.”

If your rewards credit card is losing it's lustre, it may be time to check out the competitive new rewards offers on the market this month and boost your points pile by switching.

Some of the top rewards credit card deals out this month include*:

• ANZ Frequent Flyer Black - 75,000 bonus Qantas Points when you spend $2,500 in the first 3 months, plus no annual fee in the first year. Compare now >>
• NAB Rewards Platinum - this new card offers 80,000 bonus points when you spend $2,500 in the first 90 days, plus $0 annual fee in year 1. Compare now >>
• American Express Explorer - 100,000 Membership Rewards points on offer along with $400 in Travel Credit each year (T&Cs apply). Compare now >>

That was just a taste of some of the top rewards cards on offer right now. To compare over 114 rewards cards, head over to Mozo’s free comparison tool now.

*All rates and offers mentioned in this article are correct at time of writing, but may be subject to change. Please check the full Mozo review for each product for the most up-to-date information.