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 2020 Mozo Experts Choice Award for best Qantas Frequent Flyer Premium Credit Card.
There’s also the opportunity to snag up to 100,000 bonus Qantas points in the first three months! But all this does come at a price, as there is an introductory $199 annual fee for the first year ($299 after) and a 19.99% interest rate to keep in mind.
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
Plus if you sign up before 24 February 2021, you can also snag up to 100,000 bonus Qantas points. How do you get your hands on these points? Once approved, you'll receive 100,000 bonus Qantas points for spending $4,000 or more on eligible purchases within the first three months. 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 (ends 24 March 2021).
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 (plus 1% balance transfer fee). 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%.
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.
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!
Fly Sydney to London return
110,400 points
Fly Sydney to Melbourne one-way
8,000 points
$100 Giftcard
18,770 points
$100 Cash
-
1 point per dollar on Mastercard, up to $10,000 per month, then
0.5 points per dollar on Mastercard, uncapped
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.
2 complimentary General 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.
Earn up to 100,000 bonus points when you spend at least $4,000 on eligible purchases within 3 months of approval
Spend $18,770 (Mastercard)
Spend $8,000 (Mastercard)
Spend $110,400 (Mastercard)
Uncapped
Never
How do we calculate these points?
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.
19.99% p.a.
none
0% p.a. for 18 months and then 21.99% p.a. (1.00% balance transfer fee)
yes
21.99% p.a.
55
$299.00
$199 in the first 1 year
none
none
$30.00
3%, min $3.00
3.00%
$2.00
$0.00
$50.00
$30.00
2.0
yes
Minimum repayment is the greater of: $30, 2% of card balance, or the sum of 1% of card balance and late payment fee and interest charged.
Concierge,
Travel Insurance
Receive 75 bonus Status Credits when you make your first eligible purchase by 24 March 2021.
The card allows you to build up more Qantas points than any other card. Which is great for family holidays. The one things we have struggled with regarding the online service is that both card holders can't view all transactions made on the account. Only the "Primary" card holder can view all transactions on the online account and other account holders can then only view their account transactions not all transactions, which is very useful.
Read full reviewThe card allows you to build up more Qantas points than any other card. Which is great for family holidays. The one things we have struggled with regarding the online service is that both card holders can't view all transactions made on the account. Only the "Primary" card holder can view all transactions on the online account and other account holders can then only view their account transactions not all transactions, which is very useful.
This is the worst credit card I have ever had. The FF points are the temptation, but the card is nothing but a bother. Completely nonexistent customer service. I had a large charge dispute and have been trying to get it looked into for over two months. The customer service contact number literally will not connect me to an operator, it just aborts while on hold. I've tried this dozens of times. The website says to send an email, but there's no answer to the emails (once you find an address as that's hard enough). I eventually pretended I wanted to sign up for a card so I could talk to someone. They took my details then that's the last I heard. Tried again. Same result. This issue aside, payments are slow to go through, the card doesn't work randomly causing embarrassment. An absolute nightmare. Once my dispute is looked into I'm out.
Read full reviewThis is the worst credit card I have ever had. The FF points are the temptation, but the card is nothing but a bother. Completely nonexistent customer service. I had a large charge dispute and have been trying to get it looked into for over two months. The customer service contact number literally will not connect me to an operator, it just aborts while on hold. I've tried this dozens of times. The website says to send an email, but there's no answer to the emails (once you find an address as that's hard enough). I eventually pretended I wanted to sign up for a card so I could talk to someone. They took my details then that's the last I heard. Tried again. Same result. This issue aside, payments are slow to go through, the card doesn't work randomly causing embarrassment. An absolute nightmare. Once my dispute is looked into I'm out.
Great sign up bonus, and the mobile app is great for tracking spend across categories. Annual fee is not cheap, and extra card holders cost more.
Read full reviewGreat sign up bonus, and the mobile app is great for tracking spend across categories. Annual fee is not cheap, and extra card holders cost more.
They occasionally have good sign up promos, but otherwise there are much better cards around on almost every axis. The card is serviced by Citibank, so offshore call centres and slightly backwards american processes. Unlike Citibank there is no Apple Pay!
Read full reviewThey occasionally have good sign up promos, but otherwise there are much better cards around on almost every axis. The card is serviced by Citibank, so offshore call centres and slightly backwards american processes. Unlike Citibank there is no Apple Pay!
Good reward program. They are easy to access online or through App. It's easy to work through the site. Never made to wait when called by phone and they are quick to follow up enquires. l like the text response when I get activity on my account. Great customer service.
Read full reviewGood reward program. They are easy to access online or through App. It's easy to work through the site. Never made to wait when called by phone and they are quick to follow up enquires. l like the text response when I get activity on my account. Great customer service.
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.
Westpac
Low Rate
13.74% p.a.
0% p.a. for 24 months and then 21.49% p.a. (1.00% balance transfer fee)
$59
Bendigo Bank
Low Rate Credit Card
0% p.a. for 15 months then 11.99% p.a.
No current offer
$45
St.George
Vertigo
13.99% p.a.
0% p.a. for 24 months and then 21.49% p.a.
$55 $0 in the first year
CUA
Low Rate Credit Card
11.99% p.a.
0% p.a. for 20 months and then 21.74% p.a.
$49 $0 in the first year
Defence Bank
Foundation Credit Card
3.99% p.a. for 6 months then 8.99% p.a.
3.99% p.a. for 6 months and then 8.99% p.a.
$45
CUA
Platinum Credit Card
19.99% p.a.
0% p.a. for 20 months and then 21.74% p.a.
$149 $0 in the first year
CUA Platinum Rewards
American Express
Qantas Discovery Card
20.74% p.a.
No current offer
$0
Qantas Frequent Flyer
American Express
Qantas Discovery Card
Qantas Frequent Flyer
$0
No current offer
0.75 points uncapped
Bankwest
Qantas Platinum Mastercard
Qantas Frequent Flyer
$160
30,000
0.75 points up to $2,500/month, then
0.3 points uncapped
St.George
Amplify Platinum
Qantas Frequent Flyer
$99
70,000
0.5 points uncapped
Bank of Melbourne
Amplify Platinum
Amplify Rewards
$99 $0 in the first year
No current offer
1 point uncapped
American Express
Velocity Escape Card
Velocity Frequent Flyer
$0
No current offer
0.75 points uncapped
NAB
Qantas Rewards Premium Card
Qantas Frequent Flyer
$250
30,000
0.66 points up to $3,000/month, then
0.33 points up to $6,000/month
Westpac
Low Rate
0% p.a. for 24 months and then 21.49% p.a. (1.00% balance transfer fee)
13.74% p.a.
$59
St.George
Vertigo
0% p.a. for 24 months and then 21.49% p.a.
13.99% p.a.
$55 $0 in the first year
CUA
Low Rate Credit Card
0% p.a. for 20 months and then 21.74% p.a.
11.99% p.a.
$49 $0 in the first year
ANZ
First
0% p.a. for 18 months and then 20.24% p.a. (2.00% balance transfer fee)
20.24% p.a.
$30
Bank of Melbourne
Vertigo
0% p.a. for 24 months and then 21.49% p.a.
13.99% p.a.
$55 $0 in the first year
Bankwest
Zero Platinum Mastercard
2.99% p.a. for 9 months and then 17.99% p.a.
17.99% p.a.
$0
Bank of Melbourne
Amplify Platinum
0% p.a. for 22 months and then 21.49% p.a. (1.50% balance transfer fee)
0% p.a. for 7 months then 19.74% p.a.
$99 $0 in the first year
Amplify Rewards
BankSA
Vertigo
0% p.a. for 24 months and then 21.49% p.a.
13.99% p.a.
$55 $0 in the first year
St.George
Vertigo
13.99% p.a.
0% p.a. for 24 months and then 21.49% p.a.
$55 $0 in the first year
Defence Bank
Foundation Credit Card
3.99% p.a. for 6 months then 8.99% p.a.
3.99% p.a. for 6 months and then 8.99% p.a.
$45
Bendigo Bank
Low Rate Credit Card
0% p.a. for 15 months then 11.99% p.a.
No current offer
$45
Westpac
Low Rate
13.74% p.a.
0% p.a. for 24 months and then 21.49% p.a. (1.00% balance transfer fee)
$59
CUA
Low Rate Credit Card
11.99% p.a.
0% p.a. for 20 months and then 21.74% p.a.
$49 $0 in the first year
NAB
Low Rate Card
12.99% p.a.
0% p.a. for 20 months and then 21.74% p.a. (2.00% balance transfer fee)
$59
Bank of Melbourne
Vertigo Platinum
12.99% p.a.
6.99% p.a. for 12 months and then 21.49% p.a.
$99
Westpac
Low Rate
13.74% p.a.
0% p.a. for 24 months and then 21.49% p.a. (1.00% balance transfer fee)
$59
Bendigo Bank
Low Rate Credit Card
0% p.a. for 15 months then 11.99% p.a.
No current offer
$45
St.George
Vertigo
13.99% p.a.
0% p.a. for 24 months and then 21.49% p.a.
$55 $0 in the first year
CUA
Low Rate Credit Card
11.99% p.a.
0% p.a. for 20 months and then 21.74% p.a.
$49 $0 in the first year
Defence Bank
Foundation Credit Card
3.99% p.a. for 6 months then 8.99% p.a.
3.99% p.a. for 6 months and then 8.99% p.a.
$45
ANZ
Low Rate
12.49% p.a.
0% p.a. for 25 months and then 20.24% p.a. (1.50% balance transfer fee)
$58 $0 in the first year
St.George
Vertigo Platinum
12.99% p.a.
6.99% p.a. for 12 months and then 21.49% p.a.
$99
