Qantas Money Qantas Premier Platinum
19.99% p.a.
0% p.a. for 18 months and then 21.99% p.a.
$299 $149 in the first year
Qantas Frequent Flyer
Qantas Money Qantas Premier Platinum
19.99% p.a.
0% p.a. for 18 months and then 21.99% p.a.
$299 $149 in the first year
Qantas Frequent Flyer
19.99% p.a.
0% p.a. for 18 months and then 21.99% p.a.
$299 $149 in the first year
Qantas Frequent Flyer
Mozo Review Qantas Money Qantas Premier Platinum Review
Last updated: 18 February 2019.
What's hot:
Up to 2 points per $1 on Qantas spends
Earn up to 100,000 bonus points until 30 April 2019 (conditions apply)
Mozo Experts Choice Award winner 2018
What's not:
$299 annual fee after the first year
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 100,000 bonus points - 70,000 when you sign up and meet the minimum spend and an extra 30,000 on the anniversary of your card. 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 $149 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 April 30 2019 and spend $3,500 on your card within 90 days of approval, you can also snag 70,000 bonus Qantas points. Then, on the anniversary of the card you can score an extra 30,000 bonus Qantas points once you pay your annual fee for the year - that's a whopping 100,000 bonus Qantas points to kick start your stash. Keep in mind it could take up to 12 weeks or this second round of bonus points to hit your account.
There are also a bunch of great benefits 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 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.
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!
Rewards program details
Rates and fees information correct as at 21 March 2019. 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
120,000 points
Fly Sydney to Melbourne one-way
8,000 points
$100 Giftcard
17,120 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
Receive 70,000 bonus Qantas Points when you spend $3,500 within 90 days of card approval, and an additional 30,000 bonus points after the first anniversary of the card.
Value of rewards points
Spend $17,120 (Mastercard)
Spend $8,000 (Mastercard)
Spend $120,000 (Mastercard)
Uncapped
Never
How do we calculate these points?
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
Rates
-
19.99% p.a.
-
none
-
0% p.a. for 18 months and then 21.99% p.a.
-
yes
-
21.99% p.a.
-
55
Fees
-
$299.00
-
$149 in the first 1 year
-
none
-
none
-
$10.00
-
3%, min $3.00
-
3.00%
-
$2.00
-
$0.00
-
$50.00
Features
-
$30.00
-
2.0
-
yes
-
none
Rewards privileges
Concierge,
Travel Insurance
Customer Reviews
This product is not currently reviewed.
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.
Promoted
Qantas Money
Qantas Premier Platinum
0% p.a. for 18 months and then 21.99% p.a.
19.99% p.a.
$299 $149 in the first year
Promoted
Woolworths
Everyday Platinum Credit Card
0% p.a. for 14 months and then 21.99% p.a.
19.99% p.a.
$49 $0 in the first year
Promoted
Citi
Platinum (Balance Transfer Offer)
0% p.a. for 26 months and then 21.74% p.a. (1.50% balance transfer fee)
20.99% p.a.
$199 $0 in the first year
Promoted
Virgin Money
Virgin Australia Velocity Flyer Card - Purchase Rate Offer
0% p.a. for 6 months and then 20.99% p.a.
0% p.a. for 14 months then 20.74% p.a.
$129 $64 in the first year
Promoted
American Express
Explorer Credit Card
0% p.a. for 12 months and then 20.74% p.a. (1.00% balance transfer fee)
20.74% p.a.
$395
Promoted
Bankwest
Zero Platinum Mastercard
2.99% p.a. for 9 months and then 17.99% p.a.
17.99% p.a.
$0
Promoted
HSBC
Platinum Credit Card
0% p.a. for 22 months and then 21.99% p.a.
19.99% p.a.
$129 Refunded when you spend over $6,000 p.a
Promoted
Qantas Money
Qantas Premier Platinum
1 point per dollar on Mastercard, up to $10,000 per month, then
0.5 points per dollar on Mastercard, uncapped
19.99% p.a.
$299 $149 in the first year
Promoted
Woolworths
Everyday Platinum Credit Card
1 point per dollar on Visa, uncapped
19.99% p.a.
$49 $0 in the first year
Promoted
Virgin Money
Virgin Australia Velocity Flyer Card - Purchase Rate Offer
0.66 points per dollar on Visa, up to $1,500 per month, then
0.5 points per dollar on Visa, uncapped
20.74% p.a.
$129 $64 in the first year
Promoted
HSBC
Platinum Credit Card
1 point per dollar on Visa, uncapped
19.99% p.a.
$129 Refunded when you spend over $6,000 p.a
Promoted
American Express
Explorer Credit Card
2 points per dollar on Amex, uncapped
20.74% p.a.
$395
Promoted
Citi
Platinum (Balance Transfer Offer)
1 point per dollar on Visa, up to $10,000 per month
20.99% p.a.
$199 $0 in the first year
Promoted
American Express
Qantas Ultimate Card
1.25 points per dollar on Amex, uncapped
20.74% p.a.
$450
Promoted
ANZ
Frequent Flyer Black
1 point per dollar on Visa, up to $7,500 per month, then
0.5 points per dollar on Visa, uncapped
19.99% p.a.
$425
Promoted
Qantas Money
Qantas Premier Platinum
0% p.a. for 18 months and then 21.99% p.a.
$299 $149 in the first year
19.99% p.a.
Promoted
Woolworths
Everyday Platinum Credit Card
0% p.a. for 14 months and then 21.99% p.a.
$49 $0 in the first year
19.99% p.a.
Promoted
Citi
Platinum (Balance Transfer Offer)
0% p.a. for 26 months and then 21.74% p.a. (1.50% balance transfer fee)
$199 $0 in the first year
20.99% p.a.
Promoted
Bankwest
Zero Platinum Mastercard
2.99% p.a. for 9 months and then 17.99% p.a.
$0
17.99% p.a.
Promoted
HSBC
Platinum Credit Card
0% p.a. for 22 months and then 21.99% p.a.
$129 Refunded when you spend over $6,000 p.a
19.99% p.a.
Promoted
Virgin Money
Virgin Australia Velocity Flyer Card - Purchase Rate Offer
0% p.a. for 6 months and then 20.99% p.a.
$129 $64 in the first year
0% p.a. for 14 months then 20.74% p.a.
Promoted
Bankwest
Breeze Platinum Mastercard
0% p.a. for 26 months and then 12.99% p.a. (2.00% balance transfer fee)
$99 $0 in the first year
0% p.a. for 6 months then 12.99% p.a.
Promoted
Bankwest
Breeze Platinum Mastercard
0% p.a. for 6 months then 12.99% p.a.
$99 $0 in the first year
0% p.a. for 26 months and then 12.99% p.a. (2.00% balance transfer fee)
Promoted
NAB
Low Rate Card
0% p.a. for 6 months then 13.99% p.a.
$59
0% p.a. for 6 months and then 21.74% p.a. (2.00% balance transfer fee)
Promoted
Citi
Clear Platinum
12.99% p.a.
$99 $0 in the first year
0% p.a. for 14 months and then 21.74% p.a.
Promoted
Bankwest
Breeze Mastercard
0% p.a. for 6 months then 12.99% p.a.
$79 $0 in the first year
0% p.a. for 26 months and then 12.99% p.a. (2.00% balance transfer fee)
Promoted
Coles
Low Rate Mastercard
12.99% p.a.
$58
0% p.a. for 6 months and then 19.99% p.a.
Promoted
Virgin Money
Virgin Australia Velocity Flyer Card - Purchase Rate Offer
0% p.a. for 14 months then 20.74% p.a.
0% p.a. for 6 months and then 20.99% p.a.
$129 $64 in the first year
Promoted
Bankwest
Zero Platinum Mastercard
17.99% p.a.
2.99% p.a. for 9 months and then 17.99% p.a.
$0
Promoted
Bankwest
Breeze Platinum Mastercard
0% p.a. for 6 months then 12.99% p.a.
0% p.a. for 26 months and then 12.99% p.a. (2.00% balance transfer fee)
$99 $0 in the first year
Promoted
NAB
Low Rate Card
0% p.a. for 6 months then 13.99% p.a.
0% p.a. for 6 months and then 21.74% p.a. (2.00% balance transfer fee)
$59
Promoted
Citi
Clear Platinum
12.99% p.a.
0% p.a. for 14 months and then 21.74% p.a.
$99 $0 in the first year
Promoted
Bankwest
Breeze Mastercard
0% p.a. for 6 months then 12.99% p.a.
0% p.a. for 26 months and then 12.99% p.a. (2.00% balance transfer fee)
$79 $0 in the first year
Promoted
Coles
Low Rate Mastercard
12.99% p.a.
0% p.a. for 6 months and then 19.99% p.a.
$58
