Qudos Bank

Qudos Bank Visa Platinum Credit Card

Purchase rate

4.99% p.a. for 5 months then 18.99% p.a.

Balance transfer rate

4.99% p.a. for 5 months and then 18.99% p.a.

Annual fee

$249

Rewards program

Qantas Frequent Flyer

Qudos Bank Visa Platinum Credit Card

Purchase rate

4.99% p.a. for 5 months then 18.99% p.a.

Balance transfer rate

4.99% p.a. for 5 months and then 18.99% p.a.

Annual fee

$249

Rewards program

Qantas Frequent Flyer

Details

Details

Mozo Review Qudos Bank Visa Platinum Credit Card Review

Last updated: 14 September 2018.

What's hot:

4.99% intro rate (first 5 months)
Earn up to 2 Qantas points per $1 spent
55 interest free days

What's not:

18.99% standard interest rate
$249 annual fee

Mozo snapshot:

Qudos Bank prides itself on offering customers "a great deal more" and they've hit a home run with the Visa Platinum credit card. The "great deal more" comes in the shape of a 4.99% intro rate for the first 5 months, inbuilt Qantas Frequent Flyer membership, and a reward points earning rate of up to 2 Qantas points for every $1 you spend.

Key features:

You don't have to be a Qantas employee to apply for the Visa Platinum credit card. It has a 55 day interest free period and an intro purchase rate of 4.99% and comes with a free Qantas Frequent Flyer membership saving you $89.50. To keep a smile on your face stay on top of your repayments because that sweet 4.99% intro rate reverts to a much higher 18.99% standard interest rate after the first 5 months. You'll also want to watch out for the $249 annual fee.

You will earn 1 Qantas Point for every $1 spent up to $2,500 spend per month then 0.5 Qantas Points per $1 thereafter, and an additional 1 Qantas Point for every $1 spent on Qantas products and services. Get the most out of the Visa Platinum credit card by giving the free additional credit card to a shopaholic family member (we all have one!) and you'll accumulate those juicy Qantas Points before you know it.

The platinum treatment doesn't stop there. Free travel insurance makes this credit card truly customer friendly and the 24/7 worldwide visa platinum concierge service and access to USA platinum entertainment offers will make you feel like a real high flyer!

Who it's good for:

The Qudos Bank Visa Platinum Credit Card is a dream for a regular shopper looking to get some real bite out of the Qantas Frequent Flyer program.

Any catches?

If you're thinking of using the free travel insurance included with the credit card it's important to be aware that the travel medical coverage caps out at $500,000. This shouldn't be a deal breaker but if you're travelling to the United States or Japan you might want to also look into standalone travel insurance.

You'll also want to make sure you're clocking up enough rewards on your typical spend to make the $249 annual fee worthwhile.

Rewards program details

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 Visa, up to $2,500 per month, then
0.5 points per dollar on Visa, uncapped

Rewards scheme

Earn points via eligible flights and transactions. Points are automatically credited to the Qantas Frequent Flyer program.

All rewards are redeemed via Qantas Frequent Flyer.

2 Qantas points for every $1 spent on Qantas products and services.

Value of rewards points

Earn $100 gift card reward

Spend $17,120 (Visa)

Earn domestic flight: Sydney-Melbourne one-way reward

Spend $8,000 (Visa)

Earn international flight: Sydney-London return reward

Spend $210,000 (Visa)

Are points capped?

Uncapped

Do points expire?

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

Purchase rate

18.99% p.a.
Intro purchase rate

4.99% p.a. for 5 months
Balance transfer rate

4.99% p.a. for 5 months and then 18.99% p.a.
Balance transfer revert to cash

no
Cash advance rate

18.99% p.a.
Interest free days

55

Fees

Annual card fee

$249.00
Introductory annual fee

none
Annual fee spend threshold

none
Reward program fee

$0.00
Late payment fee

$0.00
Cash advance fee

$5.00
Foreign exchange margin

3.65%
Duplicate statement fee

$5.00
Transaction verification fee

$0.00
Additional card fee

$0.00

Features

Minimum repayment amount

$20.00
Minimum repayment percent

2.0
Additional cardholders

1
Other restrictions

none

Rewards privileges

Concierge,
Travel Insurance

Customer Reviews

How are Qudos Bank credit cards rated by the Mozo community?

Overall customer rating

7.3/10

Based on 31 Qudos Bank credit card reviews

Price

7.2/10

Features

6.1/10

Customer service

7.6/10

Convenience

5.9/10

Trust

7.6/10

Latest reviews of Qudos Bank Visa Platinum Credit Card

Overall

9/10

Good product covers all bases

Good

Read full review

Good

Price

5/10

Features

6/10

Customer service

8/10

Convenience

7/10

Trust

9/10

Less

Julie | New South Wales

reviewed almost 4 years ago
Overall

7/10

It's OK

No real comment

Read full review

No real comment

Price

5/10

Features

5/10

Customer service

5/10

Convenience

5/10

Trust

7/10

Less

Neville | Queensland

reviewed about 4 years ago
Overall

0/10

Poor Customer Service and Weak System

If you are looking for a credit union that has poor customer service, slow response times,...

Read full review

If you are looking for a credit union that has poor customer service, slow response times, antiquated systems and can't handle the volume of customers they are recruiting off the back of the trusted Qantas name, you have found the right credit union for you! Like most Australians I never write reviews, but the service (or lack of) that I have recieved from the Qantas Credit Union since taking up their Platinum Visa Card some six months ago has been less than impressive. If you don't believe me, ring their customer service line. If you get through in under 15 minutes, go and buy a lottery ticket! Do yourself a favour. Give them a miss, it's not worth the hours of follow up and time wasted on hold to get things done.

Price

0/10

Features

0/10

Customer service

0/10

Convenience

0/10

Trust

0/10

Less

David | New South Wales

reviewed almost 5 years ago
Overall

10/10

Great features

I love Qantas CU because they have always looked after me with regard to my financial needs. The...

Read full review

I love Qantas CU because they have always looked after me with regard to my financial needs. The staff there are always professional, polite and always willing and wanting to assist you further.

Price

8/10

Features

10/10

Customer service

10/10

Convenience

8/10

Trust

10/10

Less

Kal | New South Wales

reviewed almost 5 years ago

Qudos Bank

About Qudos Bank

Qudos Bank (previously Qantas Credit Union) is a customer owned bank and was established in 1959. Qudos Bank has an A2 investment grade rating and offers a full range of banking products including credit cards, home loans, personal loans and saving accounts.

See Qudos Bank credit cards

Promoted

Qantas Money

Qantas Premier Platinum

balance transfer rate

0% p.a. for 18 months and then 21.99% p.a.

purchase rate

19.99% p.a.

annual fee

$299 $149 in the first year

Qudos Bank Visa Platinum Credit Card

Mozo Review Qudos Bank Visa Platinum Credit Card Review

What's hot:

What's not:

Mozo snapshot:

Key features:

Who it's good for:

Any catches?

Rewards program details

What your points get you

Points earning

Rewards scheme

Value of rewards points

How do we calculate the rewards?

Rate and fee details

Rates

Fees

Features

Rewards privileges

Customer Reviews

How are Qudos Bank credit cards rated by the Mozo community?

Overall customer rating

Latest reviews of Qudos Bank Visa Platinum Credit Card

Good product covers all bases

It's OK

Poor Customer Service and Weak System

Great features

About Qudos Bank