In this guide

  • Our verdict
  • Details
    • Product details
    • Eligibility
    • Rewards
    • Fees

Qantas Money Platinum Card

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Updated
Fact checked
Qantas Money Platinum
9.1
Finder Score
Excellent
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Terms and conditions apply
Bonus points
100,000
Purchase rate
20.99% p.a.
Reward point per $ spent
1
Annual fee for the first year ($399 p.a. thereafter)
$349 p.a.

Our verdict

This card offers up to 100,000 bonus Qantas Points and a discounted $349 annual fee in the first year.

The Qantas Money Platinum has competitive points per $1 earn rates and travel perks including lounge invitations and a discounted companion flight offer. The card has a healthy Finder Score of 9.15, reflecting its generous bonus points offer and competitive annual fee.


If you're a new cardholder, you'll also get 60,000 bonus Qantas Points when you spend $5,000 on eligible purchases within the first 90 days from approval. And another 40,000 bonus points if you met the above spend criteria and haven’t earned Qantas Points with a credit card in the last 24 months. That’s enough for a return business class flight between Sydney and Perth (87,200 points plus fees and taxes) or a return economy class flight between Singapore and London (86,400 points plus fees and taxes).

Pros

  • Up to 100,000 bonus Qantas Points, Discounted $349 first-year annual fee
  • Up to 2 Qantas Points per $1 spent
  • 2 complimentary Qantas Lounge invitations

Cons

  • The standard $399 annual fee is relatively high
  • Anything over $10,000 in a statement period earns a lower rate of 0.5 points per $1

In this guide

  • Our verdict
  • Details
    • Product details
    • Eligibility
    • Rewards
    • Fees

Where could you fly with Qantas Money Platinum's 100K bonus points?

Starting airport Sydney
  • Sydney
  • Melbourne
  • Brisbane
  • Perth
  • Adelaide
  • Canberra
  • Auckland
  • Singapore
  • Los Angeles
  • London
Destination airport Melbourne
  • Sydney
  • Melbourne
  • Brisbane
  • Perth
  • Adelaide
  • Canberra
  • Auckland
  • Singapore
  • Los Angeles
  • London
  • New York
  • Tokyo
  • Hong Kong
  • Dubai
  • Johannesburg
Travel class Economy
  • Economy
  • Business
Calculation is based on Classic Rewards redemptions and doesn't include carrier charges, taxes and fees.
Who might the Qantas Money Platinum be suited for?

  • You want a big Qantas Points boost. You can earn up to 100,000 bonus Qantas Points if you meet the spend criteria - enough to fly economy return to London or business class one way to Tokyo (plus taxes and fees).
  • You spend around $3,000 per month. The card earns 1 Qantas Point per $1 spent on eligible domestic purchases, up to $10,000 per month - after that, the earn rate drops. So it's solid if you're in that medium spend zone.
  • You fly Qantas at least once a year. You'll get 2 Qantas Club lounge invitations annually, a discounted Qantas flight once a year and international travel insurance when you book your trip on the card.
  • You clear your balance in full. With a 20.99% p.a. purchase rate, this card is more expensive than 73 other rewards cards in our database. That's roughly half the market - so unless you're paying off your balance in full each month, the rewards won't outweigh the interest.

You might want to skip it if...

  • You want a no-frills, low-fee card. This card has a $399 annual fee (discounted to $349 in the first year). If you're looking for a cheaper Qantas-branded card, the Qantas American Express Discovery has no annual fee and still earns points.
  • You carry a balance now and then. The interest rate is still high and rewards will rarely beat the cost of interest. Something like the G&C Mutual Bank Low Rate Visa (with rates around 8.99% p.a.) might save you more in the long run.
  • You don't fly Qantas often. As the name suggests, this card is tightly tied to Qantas perks. If you mix your travel or prefer flexibility, the ANZ Rewards Black or a cashback card could give you broader value.
  • You spend more than $10,000 a month. That's where the points earn cap kicks in, so big spenders might be better off with a premium card that doesn't limit its rewards - like the Qantas Amex Ultimate.

Details

Product details

Product Name Qantas Money Platinum
Balance transfer rate p.a. 0% for 12 months with 3% balance transfer fee, then 21.99%
Purchase rate p.a. Purchase rate p.a.20.99%
Interest-free days
Up to 44 days on purchases
Cash advance rate p.a. 21.99%
Min credit limit $6,000
Card type Mastercard

Eligibility

Available to temporary residents No
Minimum income $35,000
Joint application No

Rewards

Rewards program Qantas Frequent Flyer
Bonus points 100,000
Rewards points per $ spent 1
Rewards points cap Uncapped

Fees

Annual fee
$349 first year ($399 after)
Minimum monthly repayment 2% of the closing balance or $25, whichever is greater
Late payment fee $30
Foreign currency conversion fee
3%
Cash advance fee 3% of transaction value or $3, whichever is greater
Overseas cash advance fee $5
Additional cardholder fee $50
Number of additional cardholders 4

How to apply

You can apply for the Qantas Money Platinum credit card online in 10 minutes. Before you apply, check if you meet the eligibility criteria and that you have the necessary information to complete the application:

Eligibility criteria

  • Income. You must earn at least $35,000 per year to apply for this card.
  • New customer. To be eligible for the bonus points offer you must not be a primary cardholder of another Qantas Money credit card. And you must not have qualified for any bonus Qantas Points on a Qantas Points earning credit card within the last 24 months.
  • Qantas Frequent Flyer Membership status. You must be a current Qantas Frequent Flyer member to apply for this card. If you're not a member, you can join for free upon application.
  • Residence. You must be a permanent Australian resident to apply for this credit card. You also need to have an Australian residential address and mobile phone number.
  • Age. You must be at least 18 years old to apply for a credit card in Australia.

Required documents

  • Personal details. This includes your full name, date of birth, residential address, email address and a contact number.
  • Identification. This includes your driver's license or passport.
  • Employment. Provide details of your current employer, role, salary and your employer's contact details. You may also be asked to submit recent payslips or your work agreement as supporting documentation. If you're self-employed, you should provide details of your tax accountant and recent Tax Assessment Notices.
  • Finance. Provide information about any other assets (such as savings and investments) and debts (such as existing cards or loans). You'll also be asked to estimate your regular expenses for essentials such as food, housing and utilities.
Go to Qantas Money's siteMore info

Card benefits

  • Up to 100,000 bonus Qantas Points. Earn 60,000 bonus Qantas Points when you apply as a new cardholder and spend at least $5,000 on eligible purchases within the first 90 days of card approval and an additional 40,000 bonus points if you meet the spend criteria for the 60,000 bonus points and haven't earned Qantas Points with a credit card in the last 24 months. Most of your everyday spending will be eligible to earn points, but transactions that aren't eligible purchases include cash advances, balance transfers, BPAY payments and government-related transactions. Your bonus points will be credited to your account within 2 months of meeting the spend requirement. Offer started on 08 September 2025 and may be varied or withdrawn anytime.
  • Discounted first-year annual fee. Pay a $349 first-year annual fee ($399 p.a. after). Offer started on 1 June 2023 and fees are subject to change.
  • Discounted companion flight offer. Book flights via the booking portal on your Qantas Money account to get up to 20% off selected domestic flights for you and 8 friends when you travel together on the same booking number, day and flight(s). Offer applicable once per anniversary year.
  • Qantas Points per $1 spent. You'll earn:
    • 1 Qantas Point per $1 spent on eligible purchases in Australia up to $10,000 per month, then 0.5 points per $1 spent above $10,000 per statement period
    • 1 additional Qantas Point per $1 spent on Qantas flights, Qantas Club membership and purchases through the Qantas Marketplace
    • 1.5 points per $1 spent overseas
  • Airport lounge invitations. Travel in style with 2 single-entry complimentary lounge invitations each year on your anniversary card. These passes can be used at domestic Qantas Club lounges or Qantas-operated International Business Lounges (excluding Los Angeles Tom Bradley Terminal International Business Lounge).
  • Complimentary travel insurance. Enjoy peace of mind on your overseas trips with complimentary travel insurance issued by Chubb Insurance Australia Limited under a Master Policy with National Australian Bank Limited.
  • Qantas Money Credit Card Concierge service. Your dedicated concierge can help you with anything from travel bookings to restaurant recommendations, hotel reservations and event tickets.
  • Mobile payment technology. You can link your Qantas Money credit card with Apple Pay and Google Pay to make contactless payments using your compatible device at the checkout.

Rates & fees

  • Annual fee. This card charges a standard annual fee of $399.
  • Purchase rate. The variable purchase interest rate for this card is 20.99% p.a.
  • Interest-free days. Pay your balance in full by the due date on each statement and you can enjoy up to 44 days interest-free on purchases. Please note that you will be charged interest on retail purchases when you carry a balance transfer debt.
  • Cash advance rate. If you use this card for cash advance transactions, an interest rate of 21.99% p.a. will apply. You will also be charged a domestic cash advance fee of 3% of the transaction amount or $3 (whichever is greater), or $5 if you're overseas.
  • Additional cardholder. You can earn more points and manage your family spending by requesting up to 4 additional cardholders. A fee of $50 per year applies for each supplementary card you add to your account. Note that you will also be responsible for keeping the account in good standing if you share your account with any additional cardholders.
Go to Qantas Money's siteMore info

Sources

Avatar

Richard Whitten

Senior Money Editor

Richard Whitten is Finder’s Senior Money Editor, with over eight years of experience in home loans, property, credit cards and personal finance. His insights appear in top media outlets like Yahoo Finance, Money Magazine, and the Herald Sun, and he frequently offers expert commentary on television and radio, helping Australians navigate mortgages and property ownership. Richard started his career in education and textbook publishing in South Korea. He holds multiple industry certifications, including a Certificate IV in Mortgage Broking (RG 206) and Tier 1 and Tier 2 certifications (RG 146), as well as a Bachelor of Education from the University of Sydney and a Graduate Certificate in Communications from Deakin University. See full profile

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