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 18 months and then 21.99% p.a. (1.00% balance transfer fee)
Annual fees
$299 $225 in the first year
Interest free days on purchases

Mozo editorial review Qantas Money Qantas Premier Platinum - last updated: 10 June 2022

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What's hot
  • Earn 1 additional Qantas Point per $1 spent on selected Qantas products
  • 80,000 bonus points (spend criteria applies)
  • 2021 Mozo Experts Choice Award winner
What's not
  • $225 annual fee for the first year (then $299)
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 80,000 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 2021 Mozo Experts Choice Credit Card Award for best Qantas Frequent Flyer Premium Credit Card.

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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% p.a. purchase rate, 21.99% p.a. cash advance rate and a $299 annual fee ($225 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 if you sign up before 29 September 2022, you can also snag 80,000 bonus Qantas Points. How do you get your hands on these points? Once approved, you'll receive 80,000 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 18 months (1% balance transfer fee does apply). 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.

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 29 June 2022. 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


Fly Sydney to Melbourne one-way

8,000 points

$100 Giftcard

19,160 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 80,000 bonus points when you spend at least $3,000 on eligible purchases within 3 months of approval.

Value of rewards points

Spend $19,160 (Mastercard)

Spend $8,000 (Mastercard)



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


19.99% p.a.


0% p.a. for 18 months and then 21.99% p.a. (1.00% balance transfer fee)


21.99% p.a.




$225 in the first year




3%, min $3.00









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

Travel Insurance

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