Qantas Money Qantas Premier Platinum Credit Card

19.99% p.a.

0% p.a. for 15 months and then 21.99% p.a.


Qantas Frequent Flyer

Qantas Money Qantas Premier Platinum Credit Card

19.99% p.a.

0% p.a. for 15 months and then 21.99% p.a.


Qantas Frequent Flyer

Mozo Review   Qantas Money Qantas Premier Platinum Credit Card Review

Last updated: 14 August 2018.

What's hot:
  • Up to 2 points per $1 on eligible spends

  • Earn 60,000 bonus points

  • Discounted flights and free travel insurance

  • Mozo Experts Choice Award 2017

What's not:
  • $299 annual fee

Mozo snapshot:

The very first credit card from Qantas Money, this plastic is aimed at frequent flyers, with plenty of rewards value including up to 2 points per $1 spent and heaps of travel freebies like airport lounge passes, discounted flights and free travel insurance. In fact, it's great reward value was part of the reason the Qantas Premier Platinum Credit Card took out a 2017 Mozo Experts Choice Award for Best Premium Rewards Card. There’s also the opportunity to snag 60,000 bonus points, as well as a $300 Qantas Flight Voucher when signing up (you need to spend $4,000 in the first 90 days). But all this does come at a price, and the hefty annual fee and interest rate are something to keep in mind.

Key features:

The Premier Platinum Credit Card is the first credit card offering from Qantas Money, and packs solid rewards earning power for frequent travellers - especially those who love to fly and shop Qantas.

The card comes with some pretty typical features for a rewards card, including a 19.99% purchase rate, 21.99% cash advance rate and a $299 annual fee.

But this is Qantas’ own credit card, and where it really performs is points earning for Frequent Flyer members and spenders who travel often. Points are automatically credited to your Qantas Frequent Flyer account which means you’ll have to either already be a member, or sign up to get the card (sign up is free for cardholders).

Here’s how points earning breaks down:

  • 1 point per $1 on eligible everyday purchases, up to $10,000 each month (0.5 points per $1 after)

  • 1.5 points per $1 on eligible purchases made overseas (don’t forget about the 3% foreign exchange margin!)

  • 2 points per $1 on eligible Qantas products, including flights

There are also a bunch of great freebies on offer for jetsetting spenders, including complimentary travel insurance, two free airport lounge invitations each year and a concierge service to help you snag things like event tickets and restaurant reservations. Plus, when you book flights through the concierge with your Premier Mastercard, once a year you can cash in on discounts of up to 20% for you and up to 8 people travelling with you.

If you want to clear some lingering credit card debt when picking up a Premier Mastercard from Qantas, you can do so with the 0% balance transfer offer, which lasts for 15 months. Just make sure you have a plan in place to clear your debt in that time, since afterwards, any leftover balance will be charged interest at 21.99%.

Who it's good for:

Unsurprisingly, Qantas’ first foray into credit cards is best suited to spenders who travel often and love to shop Qantas.

The annual fee and interest rate are reasonably hefty, so it’s great for big spenders who’ll get enough value from the travel freebies on offer to justify the cost, and pay off their balance in full and on time.

Any catches?

If you’re shopping internationally, don’t forget that pesky 3% exchange margin!

Rewards program details

Rates and fees information correct as at 21 August 2018.

What your points get you

Fly Sydney to London

120,000 points

Fly Sydney to Melbourne

8,000 points

$100 Giftcard

16,160 points

$100 Cash


Points earning

1 point per dollar on Mastercard, up to $10,000 per month, then
0.5 points per dollar on Mastercard, uncapped

Rewards scheme

Points are automatically credited to the Qantas Frequent Flyer program.

All rewards are redeemed via Qantas Frequent Flyer.

Earn 1.5 Qantas Points per AUD $1 equivalent international spend and 1 additional Qantas Point per $1 spend on selected Qantas products and services.

$300 Qantas Flight Voucher on $4,000 spend in the first 90 days from card approval. 2 complimentary Qantas Club Lounge invitations each year. Save up to 20% on selected domestic Qantas flights for you and up to 8 companions once every year. 0% for 6 months on your first Qantas purchase.

Special offers

Receive 60,000 bonus Qantas Points when you spend $4,000 in the first 90 days from card approval.

Value of rewards points

Spend $16,160 (Mastercard)

Spend $8,000 (Mastercard)

Spend $120,000 (Mastercard)



How do we calculate the rewards?

To work out the "Rewards value minus fees" in our Rewards Revealer we:

  • calculate how many points you'd get each year,

  • figure out how many flights or gift cards or cashback credits you could get for those points,

  • work out what that's actually worth to you,

  • take off the annual fee you'd pay.

More details:

  • Our calculations are designed to help you compare the value of different rewards schemes. To do this, we've looked at earning a one-way Sydney-Melbourne flight excluding taxes and charges, a return Sydney-London flight excluding taxes and charges, a $100 shopping Gift Card and $100 cashback. Most cards will also offer other rewards, which may be worth more or less than the ones we've shown.

  • We have made no allowance for bonus points for using your card at specific merchants, introductory offers or special offers. We have not assigned any value to instant discounts, insurances, ticketing and concierge services or other such benefits.

  • Rewards value calculations do not take credit card interest into account. If you do not pay off your card each month you may be better off looking for a card based on interest rates than on the value of rewards.

  • In products that have more than one card, a different mix of spend between American Express / Visa / Mastercard will give different results. Mozo's Rewards Revealer lets you choose the mix based on the way you would use such a product, and gives you tailored results.

  • We assume flights purchased with airline points are 'classic' or 'reward' economy seats with restricted seat availability. 'Any seat' rewards will probably cost more.

  • To compare the value of flight rewards, we sample online retail flight prices once a quarter based on the average price on a Wednesday 3 months in advance but outside NSW school holidays. For domestic flights we take the lowest available fare from each flight on that day from Qantas Red e-deal, Virgin Australia Saver including baggage and Jetstar Starter including baggage. We calculate the average price excluding taxes and surcharges for each airline, and also the average across all airlines (which we use when rewards are travel agent vouchers). For international flights, we take the lowest available fares on that same Wednesday from each of Qantas, Emirates, Malaysian, Etihad, Singapore, Cathay Pacific and Thai, assuming a return flight 2 weeks later, calculate the average price before taxes and surcharges and use this as our assumed cost of a flight on any airline.

  • Shopping rewards are based on $100 gift cards from a major national department store.

  • We make every effort to ensure our calculations are correct and up to date but make no guarantees.


Rate and fee details

  • 19.99% p.a.

  • none

  • 0% p.a. for 15 months and then 21.99% p.a.

  • yes

  • 21.99% p.a.

  • 55

  • $299.00

  • none

  • none

  • none

  • $10.00

  • 3%, min $3.00

  • 3.00%

  • $7.00

  • $7.00

  • $50.00

  • $30.00

  • 2.0

  • yes

  • none

Rewards privileges

Travel Insurance

Customer Reviews

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Qantas Money

About Qantas Money

Qantas is one of Australia's biggest airlines, and the Qantas Money platform brings together direct financial products, a new app and its frequent flyer program. Through the program, Qantas Points can be redeemed for flights, flight upgrades and other travel freebies.

See Qantas Money credit cards