Qantas Premier Platinum card image

Qantas Money Qantas Premier Platinum

Advertiser disclosure
Purchase rate
19.99% p.a.
Balance transfer rate
0% p.a. for 12 months and then 21.99% p.a. (2.00% balance transfer fee)
Annual fees
$399 $349 in the first year
Interest free days on purchases
55

Mozo editorial review Qantas Money Qantas Premier Platinum - last updated: 3 May 2024

binocular icon
What's hot
  • Earn 1 additional Qantas Point per $1 spent on selected Qantas products
  • Up to 100,000 bonus Qantas points (spend criteria applies)
  • 2022 Mozo Experts Choice Award winner
What's not
  • $349 annual fee for the first year (then $399)
Mozo snapshot

The very first credit card from Qantas Money, this card is aimed at frequent flyers, with plenty of rewards value including the ability to earn Qantas Points for domestic and international spending, as well as a heap of travel benefits including 2 single-entry Qantas Club lounge passes per year. There’s also the opportunity to snag up to 100,000 bonus Qantas Points in the first three months!

In fact, it's great reward value was part of the reason the Qantas Premier Platinum Credit Card took out a 2022 Mozo Experts Choice Credit Card Award for best Qantas Frequent Flyer Premium Credit Card.


key icon
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% p.a. purchase rate, 21.99% p.a. cash advance rate and a $399 annual fee ($349 in the first year). 

Where the card really comes into its own is with 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, 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 up to 100,000 bonus Qantas Points for spending $3,000 or more on eligible purchases within the first three months. For big spenders, this is a great chance to boost your points stash! 

But that's not all... There are also a bunch of great benefits on offer for jetsetting spenders, including complimentary travel insurance, two complimentary single-entry Qantas Club lounge invitations, a concierge service to help you snag things like event tickets and restaurant reservations. Plus, when you book domestic 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 applying for a Premier Mastercard, you can do so with the 0% p.a. balance transfer offer for 12 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% p.a.

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Who is it good for

Unsurprisingly, the Premier Platinum credit card is likely better 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.

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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. 

Rewards program details

Rates and fees information correct as at 25 June 2024. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.

What your points get you
Fly Sydney to London return

110,400 points

Fly Sydney to Melbourne one-way

8,000 points

$100 Giftcard

20,010 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.

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.

Special offers

Earn up to 100,000 bonus Qantas points. Get 70,000 when you spend at least $3,000 on eligible purchases within 3 months of approval. Plus an additional 30,000 points if you haven't earned Qantas Points with a credit card in the last 12 months.

Value of rewards points

Spend $20,010 (Mastercard)

Spend $8,000 (Mastercard)

Spend $110,400 (Mastercard)

Uncapped

Never

How do we calculate these points?

Rate and fee details

Rates

19.99% p.a.

none

0% p.a. for 12 months and then 21.99% p.a. (2.00% balance transfer fee)

yes

21.99% p.a.

55

Fees

$399.00

$349 in the first year

none

none

$30.00

3%, min $3.00

3.00%

$2.00

$0.00

$50.00

Features

$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.

Rewards privileges

Concierge,
Travel Insurance

Customer Reviews

How are Qantas Money credit cards rated by the Mozo community?

Overall
4.4/10
Price
5.0/10
Features
5.7/10
Customer service
4.4/10
Convenience
4.6/10
Trust
4.6/10
Based on 38 Qantas Money credit card reviews as rated by the Mozo customers. More about the Mozo Customer Ratings.
Mozo recommends that ratings are only one factor to be taken into account when deciding whether to take up any financial product offer.

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