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 two free airport lounge passes per year, 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 2019 Mozo Experts Choice Award for best Qantas Frequent Flyer Premium Credit Card. 

There’s also the opportunity to snag up to 100,000 bonus points when you sign up - 80,000 points when you spend $5,000 in the first 90 days, and an additional 20,000 points after the first anniversary of card approval. But all this does come at a price, there is a $299 annual fee and the 19.99% interest rate to keep in mind.

Key features

The Premier Platinum Credit Card from Qantas Money 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 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 you can also snag up to 100,000 bonus Qantas points. How do you get your hands on these points? Be approved by 30 June 2020 and spend $5,000 within the first 90 days from card approval to receive 80,000 points. Then receive an additional 20,000 after the first year. For big spenders, this is a great chance to plump up your points stash! Plus, Qantas Money is also offering the addition of 75 Status Credits on first eligible purchases. 

But that's not all... 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 is it good for

Unsurprisingly, the Premier Platinum credit cards is best suited to spenders who travel often and love to shop Qantas.

The annual fee and interest rate are reasonably high, 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

Don't forget that when you use your points for a Classic Flight Reward with Qantas, taxes, fees and carrier charges also apply. For example, at the time of writing, a return Economy Classic Flight Reward from Sydney to London is 120,000 Qantas Points plus $724 in taxes, fees and carrier charges. Keep in mind this extra cost might change depending on when and what you book. Plus, if you choose to redeem your rewards points for a flight, remember you won't earn Status Credit or Qantas points on that flight. So check the fine print before cashing in your points!