Qantas launches new Qantas Premier Everyday Mastercard
Qantas Money’s new low fee credit card offers 20,000 bonus Qantas Points but fewer extra features than its Platinum counterpart.
Qantas Money has unleashed its second credit card offering on to the Australian credit card market today. Dubbed the Qantas Premier Everyday, it’s designed for Qantas Frequent Flyers who want to earn points without forking out a massive annual fee. To help you decide whether or not this card should have a place in your wallet, we've broken down everything from how many points you can earn, how much it costs to how it compares to the Qantas Premier Platinum credit card below.
How many Qantas Points can I earn?
If you apply by 29 April 2018 and spend $3,000 within the first 90 days of approval you will earn 20,000 bonus Qantas Points. That’s enough points for an economy flight from Sydney to Christchurch or a business class flight from Melbourne to Sydney!
You’ll continue to earn Qantas Points for every eligible dollar you spend. The number of points you’ll earn is tiered depending on the type of purchase you make. You’ll collect 0.75 Qantas Points per $1 spent on eligible purchases in Australia up to $3,000 per statement period and 0.4 Qantas Points per $1 spent thereafter.
You can give your points balance a little boost of up to 1.75 Qantas Points per $1 spent on eligible Qantas spends such as flights, your Qantas Club membership and purchases through the Qantas Store. You will also earn 1 Qantas Point per $1 spent on eligible purchases overseas, whether you’re shopping online or travelling.
As per usual, you can redeem these points for everything from flights and upgrades to products from the Qantas Store.
Are there extra features?
As you’d expect with the lower annual fee, the Premier Everyday Mastercard offers fewer extra perks than its Platinum counterpart. However, there are still a few ways you can squeeze extra value from the card.
Tailored to suit frequent flyers and savvy travellers, the card offers complimentary travel insurance when you use it to book eligible travel. This includes medical emergency insurance cover of up to $1,000,000 plus travel cancellation cover of up to $20,000.
Loyal Qantas customers can also enjoy six months interest-free on their first Qantas purchase made within the first six months of card approval. If you're not already a member of the Qantas Frequent Flyer program you can join for free before submitting an application.
The Qantas Premier Everyday card offers 0% interest on balance transfers for the first 15 months with no balance transfer fee if you apply by 29 April 2018. This could come in handy if you’re struggling to repay an existing debt, but keep in mind that the promise of Qantas Points could tempt you to spend even when you’re trying to concentrate on paying down an existing debt.
How much does the card cost?
This card has a competitive annual fee of $49. This is relatively low for a frequent flyer credit card, although it doesn’t offer the same perks as some of the higher-tier products on the market like lounge passes or travel credits. This card has a purchase rate of 19.99% p.a., so it isn’t suited to cardholders who plan to carry a balance from month to month.
How does it compare to the Qantas Premier Platinum?
At the time of writing, the Qantas Premier Platinum is offering cardholders 75,000 bonus Qantas Points when they meet the same spend requirement of $3,000 in the first 90 days from card approval.
The Premier Platinum also has a higher earn rate of 2 Qantas Points per $1 spent on eligible Qantas purchases, 1.5 Qantas Points per $1 spent overseas and 1 Qantas Point per $1 spent on eligible purchases in Australia up to $10,000 per statement period (and 0.5 points per dollar after that).
The card also comes with discounted companion fares and two single-entry complimentary lounge invitations each year, two features that are absent from the Premier Everyday card. However, the Qantas Premier Platinum credit card also offers the same 0% balance transfer offer, interest-free offer on eligible Qantas purchases in the first 6 months and complimentary travel insurance.
Although the card offers a more competitive bonus points offer and earn rate, it comes at the cost of a $149 p.a. annual fee in the first year and $299 p.a. thereafter.
When comparing your options, you should consider how much you spend in an average month and determine which card would offer more value based on the earn rates and reduced points caps on each of the cards. Calculating the number of points you can earn each year will also help you determine whether or not you could outweigh the cost of the annual fee with the value of the points to justify applying for the card.
This card comes six months after Qantas released its debut Qantas Premium credit card on the market. However, we predicted that a new low fee card was on the way once Qantas Money renamed the card to Qantas Premier Platinum credit card in November.
“Qantas Premier Everyday offers members looking for a low fee credit card a new opportunity to be rewarded and we expect it to be popular particularly among younger travellers wanting a more affordable credit card option that still has key features,” said Qantas loyalty and digital ventures CEO Jayne Hrdlicka.
With Christmas and the summer holidays fast approaching, this card could help you get more value out of your purchases on plastic. As this isn’t the only credit card on the market geared towards frequent flyers, you can use the Qantas Frequent Flyer credit cards comparison on finder to find the most rewarding card for you.