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Qantas Money Qantas Premier Platinum

Purchase rate
19.99% p.a.
Balance transfer rate
0% p.a. for 18 months and then 21.99% p.a.
Annual fees
$299
Interest free days on purchases
55

Mozo editorial review Qantas Money Qantas Premier Platinum

Last updated: 5 May 2020.

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What's hot
  • Up to 2 points per $1 on Qantas spends
  • Up to 100,000 bonus points (spend criteria applies)
  • Mozo Experts Choice Award winner 2019
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 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.

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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%.

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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.

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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. 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 1 June 2020. 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

18,690 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 80,000 bonus points when you spend $5,000 in eligible transactions in the first 90 days and 20,000 bonus points after the first year.

Value of rewards points

Spend $18,690 (Mastercard)

Spend $8,000 (Mastercard)

Spend $110,400 (Mastercard)

Uncapped

Never

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.

Close

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

  • none

  • none

  • none

  • $30.00

  • 3%, min $3.00

  • 3.00%

  • $2.00

  • $0.00

  • $50.00

Features
  • $30.00

  • 2.0

  • yes

  • none

Rewards privileges

Concierge,
Travel Insurance

Other benefits

75 bonus Status Credits when you make your first eligible purchase by 30 August 2020.

Customer Reviews

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

Overall customer rating
6.9/10
Price
6.2/10
Features
7.4/10
Customer service
6.2/10
Convenience
6.3/10
Trust
6.1/10

Latest reviews of Qantas Money Qantas Premier Platinum

  • Overall 5/10
    It's Citibank, worse app and no Apple Pay.

    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 review

    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!

    Price
    3/10
    Features
    5/10
    Customer service
    5/10
    Convenience
    4/10
    Trust
    4/10
    Less
    James, Victoria reviewed 21 days ago
  • Overall 8/10
    Always offer great customer service

    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 review

    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.

    Price
    7/10
    Features
    8/10
    Customer service
    8/10
    Convenience
    9/10
    Trust
    9/10
    Less
    Alfred, Victoria reviewed about 1 month ago
  • Overall 7/10
    A ticket home

    I subscribed to this card for Qantas points in the hope of one day flying luxuriously on business class. Little did I know, it would literally be my ticket home one day. I was stuck in the UK as the pandemic ramped up, flight prices became astronomical and the frequency dried up. Thankfully, I was able to use my points to book one-way tickets home, business class. Given the stressful situation, this was beyond my wildest dreams and allowed me to get home comfortably and safely. This card provided big bonus points on sign up, is easy to use for everyday expenses and gives a generous points per dollar spent ratio. The annual fee is considerable, but it got me home, and I'll be forever grateful.

    Read full review

    I subscribed to this card for Qantas points in the hope of one day flying luxuriously on business class. Little did I know, it would literally be my ticket home one day. I was stuck in the UK as the pandemic ramped up, flight prices became astronomical and the frequency dried up. Thankfully, I was able to use my points to book one-way tickets home, business class. Given the stressful situation, this was beyond my wildest dreams and allowed me to get home comfortably and safely. This card provided big bonus points on sign up, is easy to use for everyday expenses and gives a generous points per dollar spent ratio. The annual fee is considerable, but it got me home, and I'll be forever grateful.

    Price
    6/10
    Features
    10/10
    Customer service
    7/10
    Convenience
    9/10
    Trust
    9/10
    Less
    Ben, Western Australia reviewed about 1 month ago
  • Overall 3/10
    Buyer beware.

    Lacking customer service, high interest rate, unable to get a better deal.

    Read full review

    Lacking customer service, high interest rate, unable to get a better deal.

    Price
    4/10
    Features
    1/10
    Customer service
    0/10
    Convenience
    0/10
    Trust
    0/10
    Less
    Jenna, Tasmania reviewed 3 months ago
  • Overall 4/10
    I think it’s predatory and a bad habit forming.

    When I signed up at 23 years old there was a bonus points offer of 40,000 if I spent $2,000 for month one and two, the month after I found out if I had signed up a month later I would have got 60,000 points. This made me frustrated. Also at the time I had signed up in October which was right before Christmas. It was easy to spend that much, but what I didn’t realise is that the points were an incentive for developing a much more sinister spending habit.

    Read full review

    When I signed up at 23 years old there was a bonus points offer of 40,000 if I spent $2,000 for month one and two, the month after I found out if I had signed up a month later I would have got 60,000 points. This made me frustrated. Also at the time I had signed up in October which was right before Christmas. It was easy to spend that much, but what I didn’t realise is that the points were an incentive for developing a much more sinister spending habit.

    Price
    4/10
    Features
    10/10
    Customer service
    3/10
    Convenience
    5/10
    Trust
    1/10
    Less
    Nicola, New South Wales reviewed 7 months ago
Qantas Money

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.

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