How does the Qantas Premier compare to other frequent flyer cards?
Qantas has launched into the credit card market this week with a new frequent flyer Mastercard. How does it compare to other Qantas Frequent Flyer options?
While many established banks and credit card providers already offer Qantas Frequent Flyer credit cards, the airline’s own Qantas Premier Mastercard brings a new edge to the competition. A key point of difference with this card is that you can get up to 20% off selected domestic companion flights once per year, with no other card currently providing this option.
Other perks of the card include the ability to earn up to 2 Qantas points per $1 spent on eligible purchases, airport lounge invitations, complimentary travel insurance and an introductory 60,000 bonus points when you apply by 31 August 2017 and spend $3,000 in the first 90 days from card approval. These features sit alongside an annual fee of $299 (reduced to $149 for the first year).
To help you weigh up the value of this card, we’ve compared it to six similar Qantas frequent flyer cards based on bonus points offers, earn rates, complimentary extras and annual fee costs. (Fees and charges are correct at time of publication.)
|Card||Bonus points||Earn rate/s||Key complimentary extras||Annual fee|
|Qantas Premier Mastercard||60,000 points||
2 points per $1 on eligible spend with Qantas
1.5 points per $1 spent overseas
1 point per $1 on eligible purchases in Australia up to $10,000 per month
0.5 points per $1 spent above $10,000 per month
||$149 p.a. annual fee for the first year ($299 p.a. thereafter)|
|ANZ Frequent Flyer Platinum||50,000 points||
1 bonus point per $1 on selected Qantas products and services
0.75 points per $1 on eligible purchases up to $3,000 per statement period
0.5 points per $1 spent above $3,000 in a statement period
||$0 p.a. annual fee for the first year ($295 p.a. thereafter)|
|ANZ Frequent Flyer Black||75,000 points AND 75 bonus status credits||
1 bonus point per $1 on selected Qantas products and services1 point per $1 on eligible purchases up to $7,500 per statement period
0.5 points per $1 on eligible purchases above $7,500 per statement period
||$0 p.a. annual fee for the first year ($425 p.a. thereafter)|
|HSBC Platinum Qantas Credit Card||60,000 points||
1 point per $1 on eligible purchases up to $2,500 per statement period
0.5 points per $1 on eligible spending above $2,500 per statement period
|NAB Qantas Rewards Premium Card||N/A||
1 point per $1 on eligible purchases made with the Amex card
0.5 points per $1 on eligible purchases made with the Mastercard/Visa
Points cap: $5,000 per statement period (based on total spending across both cards)
|Qantas American Express Premium Card - Exclusive Offer||50,000 bonus points||
2.25 points per $1 on selected Qantas purchases
1.25 points per $1 on eligible purchases
0.5 points per $1 spent with government bodies
|Qantas American Express Ultimate Card||55,000 bonus points||
2.5 points per $1 on selected Qantas purchases
1.5 points per $1 on eligible purchases
0.5 points per $1 spent with government bodies
Overall, the features of these cards vary significantly and weighing them up depends on your priorities and interests. But here are the key details we've drawn from this comparison.
- Bonus points. Only the ANZ Frequent Flyer Black has a higher offer than the Qantas Premier, with 75,000 bonus points and the opportunity to get a bonus 75 Status Credits when you meet the separate spending requirements for these two offers. Meanwhile, the HSBC Platinum is the only card here that matches the Qantas Premier’s 60,000 bonus points.
- Points per $1 spent. Both the Qantas American Express Premium and Ultimate cards have higher earn rates, offering up to 2.25 and 2.5 points per $1 spent (respectively) compared to the Qantas Premier's 2 points per $1. The Amex cards are also the only options with no points capping. Of the other cards, Qantas Premier has the highest points cap of $10,000 per month.
- Complimentary extras. Three other cards offer complimentary lounge invitations: the two American Express cards and the ANZ Frequent Flyer Black (which provides two different options for lounge access). All of these cards offer some level of complimentary travel insurance and three offer concierge services: The ANZ Frequent Flyer Platinum and Black cards and the NAB Qantas Rewards Premium. But only the Qantas American Express Ultimate has a flight benefit: one domestic return flight with Qantas in economy per year.
- Annual fees. The highest annual fee card we’ve included is the Qantas American Express Ultimate, with an annual fee of $450. This is closely followed by the ANZ Frequent Flyer Black’s annual fee of $425 (currently $0 for the first year). Both of these fees are much higher than the Qantas Premier’s ongoing annual fee of $299 (reduced to $149 in the first year). Meanwhile, the card with the lowest annual fee on this table is the HSBC Qantas Platinum ($199 p.a.).
The Qantas Premier has come into the market with some highly competitive features – especially when the annual fee is factored in. But all of the frequent flyer credit cards compared here offer a range of travel perks that benefit Qantas Frequent Flyers, so it’s still important to look at a range of cards before deciding which one will offer you the most value for your money.