Qantas Money Qantas Premier Platinum

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 with Qantas and heaps of travel benefits like airport lounge passes, discounted flights and travel insurance. In fact, it's great reward value was part of the reason the Qantas Premier Platinum Credit Card took out a 2018 Mozo Experts Choice Award for Best Qantas Frequent Flyer Premium Credit Card. There’s also the opportunity to snag up to 120,000 bonus points - 20,000 points for each month you spend $1,500 in the first six months. 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 $199 annual fee in the first year ($299 after).

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 spending in Australia, up to $10,000 each month (0.5 points per $1 after)

•  - 1.5 points per $1 on international spending (don’t forget about the 3% foreign exchange margin!)

•  - 1 extra point per $1 on eligible Qantas spends, including Qantas flights

When you sign up before 31 October 2019 you can also snag up to 120,000 bonus Qantas points. How do you get your hands on these points? For the first six months after being approved for your new card, you can score 20,000 points each month you spend $1,500 or more. For big spenders, this is a great chance to plump up your points stash!

There are also a bunch of great benefits on offer for jetsetting spenders, including complimentary travel insurance, two free airport lounge invitations each year, a concierge service to help you snag things like event tickets and restaurant reservations and a $50 Qantas Wine voucher (minimum $150 spend). Plus, when you book Qantas 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 18 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.