Woolworths

Woolworths Qantas Platinum Credit Card

Purchase rate

20.49% p.a.

Balance transfer rate

0% p.a. for 14 months and then 21.99% p.a.

Annual fee

$169 $99 in the first year

Rewards program

Qantas Frequent Flyer

Woolworths Qantas Platinum Credit Card

Purchase rate

20.49% p.a.

Balance transfer rate

0% p.a. for 14 months and then 21.99% p.a.

Annual fee

$169 $99 in the first year

Rewards program

Qantas Frequent Flyer

Details

Details

Mozo Review Woolworths Qantas Platinum Credit Card Review

Last updated: 27 September 2018.

What's hot:

10% slashed off your weekend grocery bill once a month
0% balance transfer rate for 14 months
1 Qantas Point per $1 spent at Woolworths stores

What's not:

$35 late payment and overlimit fees
3% foreign exchange margin

Mozo snapshot:

Woolworths is a relatively late player to the credit card party but it sure knows how to make an entrance. The Woolworths Qantas Platinum Card comes with a lengthy 0% balance transfer for 14 months and a generous rewards program with Qantas Frequent Flyer -which helped it win a 2017 Mozo Experts Choice Award for Best Premium Rewards Credit Card. And that's not all, every month you'll receive a 10% discount off your first weekend shop at a Woolworths store, when you pay with the Woolworths Qantas Platinum Card and scan the barcode at the back of the card.

Key features:

The Woolworths Platinum Card comes with a pretty standard purchase rate of 20.49% and $169 annual fee, which is $99 in the first year. There are also up to 55 interest free days on offer to help you stay on top of your balance.

Rewards lovers who shop at Woolies stores will benefit from the $1 spent to 1 Qantas points earning rate, but spenders should be aware that this rate falls to just 0.5 points per $1 spent at other retailers.

You can also earn bonus points by purchasing selected Qantas products and services on the Woolworths Everyday Rewards. Points aren't capped but keep in mind that points are automatically credited to Qantas Frequent Flyer points so you'll need to be a member of the Qantas Frequent Flyer program.

Who it's good for:

The Woolworths Qantas Platinum Card is definitely an option for dedicated Woolworths shoppers who want to keep working on their Qantas Frequent Flyer point stack.

Any catches?

Leave the card at home when you travel or expect to be stung by a 3% foreign exchange margin. Also, this is not a card that forgives occasional lapses in budget diligence. If you go over the credit limit or make late payments, be prepared to be stung by a $35 fee.

Rewards program details

Rates and fees information correct as at 17 October 2018.

What your points get you

Fly Sydney to London

120,000 points

Fly Sydney to Melbourne

8,000 points

$100 Giftcard

16,160 points

$100 Cash

Points earning

0.5 points per dollar on Visa, uncapped

Rewards scheme

Points are automatically credited to the Qantas Frequent Flyer program.

All rewards are redeemed via Qantas Frequent Flyer.

Double points at Woolworths and Woolworths Group stores.

Value of rewards points

Earn $100 gift card reward

Spend $32,320 (Visa)

Earn Flight: Sydney-Melbourne reward

Spend $16,000 (Visa)

Earn Flight: Sydney-London reward

Spend $240,000 (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

20.49% p.a.
Intro purchase rate

none
Balance transfer rate

0% p.a. for 14 months and then 21.99% p.a.
Balance transfer revert to cash

yes
Cash advance rate

21.99% p.a.
Interest free days

55

Fees

Annual card fee

$169.00
Introductory annual fee

$99 in the first 1 year
Annual fee spend threshold

none
Reward program fee

none
Late payment fee

$35.00
Cash advance fee

3%, minimum $5
Foreign exchange margin

3.00%
Duplicate statement fee

$7.00
Transaction verification fee

$8.00
Additional card fee

$29.00

Features

Minimum repayment amount

$50.00
Minimum repayment percent

2.5
Additional cardholders

1
Other restrictions

none

Rewards privileges

Concierge,
Travel Insurance,
Extended Warranty,
Purchase Protection,
Rental Car Excess Cover

Other benefits

10% off your first shop at Woolworths on a selected weekend each month when you scan the barcode on the back of your credit card and pay with your Woolworths Credit Card.

Customer Reviews

How are Woolworths credit cards rated by the Mozo community?

Overall customer rating

6.3/10

Based on 181 Woolworths credit card reviews

Price

5.9/10

Features

7.0/10

Customer service

6.0/10

Convenience

6.2/10

Trust

6.1/10

Latest reviews of Woolworths Qantas Platinum Credit Card

Overall

2/10

Removal of loyalty program detrimental

Since they removed the Qantas Frequent Flyer program they are of no further use to me.

Read full review

Since they removed the Qantas Frequent Flyer program they are of no further use to me.

Price

5/10

Features

0/10

Customer service

2/10

Convenience

2/10

Trust

1/10

Less

Peta julie | New South Wales

reviewed over 2 years ago
Overall

0/10

There is nothing platinum here....

Works ok until God forbid there is a problem or you have a query to sort out - then the customer...

Read full review

Works ok until God forbid there is a problem or you have a query to sort out - then the customer service is simply dreadful. We had this card for 5 yrs, then they recently capped the FF points, increased the fees for both primary and 2nd cardholder and recently managed to charge us $265 in late payment/interest fees - as they somehow cancelled our direct debit by mistake. Not only that but it took x5 long telephone calls, x6 emails and x4 letters over 6 weeks just to get the fees reversed...so we decided enough was enough and cancelled the card...not worth the hassle Woolies so stick to the supermarket business !

Price

5/10

Features

4/10

Customer service

0/10

Convenience

1/10

Trust

0/10

Less

Vincent | Western Australia

reviewed about 3 years ago
Overall

8/10

Convenience for our family needs and rewards too!

I like the convenience and multiplier effect of accumulating points via Woolworths.

Read full review

I like the convenience and multiplier effect of accumulating points via Woolworths.

Price

8/10

Features

8/10

Customer service

8/10

Convenience

9/10

Trust

9/10

Less

Neal | Australian Capital Territory

reviewed about 3 years ago
Overall

5/10

Good benefits.

The benefits from Woolworths and Qantas make this product competitive. However online access is...

Read full review

The benefits from Woolworths and Qantas make this product competitive. However online access is basic and requires preset user and password requiring good memory! Bonus points on joining but fees and interest are high so will investigate alternatives and switch as they become available. I suspect the benefits vs fees and interest are false economy but it's worked for me.

Price

4/10

Features

7/10

Customer service

6/10

Convenience

3/10

Trust

5/10

Less

Colleen | South Australia

reviewed over 3 years ago
Overall

8/10

Useable anywhere

I use my Woolworths Credit card at least twice a week and I have never had any problems with this...

Read full review

I use my Woolworths Credit card at least twice a week and I have never had any problems with this card. The statements are clear and pricey with all the details with regard to your entries on your statement. This card is linked to Mastercard and accepted everywhere.

Price

7/10

Features

6/10

Customer service

8/10

Convenience

6/10

Trust

8/10

Less

Gail | Victoria

reviewed over 3 years ago

Woolworths

About Woolworths

Woolworths is Australia's biggest retail group. In 2008, Woolworths launched the Everyday Money Credit Card to reward customers who shop in Woolworths group stores. Woolworths chief executive Michael Luscombe says the card was designed to meet customer demand for “simple, easily achievable and useful rewards”. The Woolworths Everyday Money MasterCard offers 2 points for every dollar spent on purchases in stores operated by the Woolworths group and 1 point for every dollar spent on other purchases. Cardholders can also earn 3 points for every dollar spent on Woolworths Select brand purchases.

See Woolworths credit cards

Promoted

Woolworths

Everyday Platinum Credit Card

Purchase rate

19.99% p.a.

Balance transfer rate

0% p.a. for 14 months and then 21.99% p.a.

Annual fees

$49 $0 in the first year

Woolworths Qantas Platinum Credit Card

Mozo Review Woolworths Qantas 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

Other benefits

Customer Reviews

How are Woolworths credit cards rated by the Mozo community?

Overall customer rating

Latest reviews of Woolworths Qantas Platinum Credit Card

Removal of loyalty program detrimental

There is nothing platinum here....

Convenience for our family needs and rewards too!

Good benefits.

Useable anywhere

About Woolworths