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Qantas Premier Platinum Mastercard

Sally McMullen
Sally McMullen
Last updated:  

Earn up to 120,000 bonus Qantas Points and save $100 with a reduced first year annual fee with the Qantas Premier Platinum credit card.

This platinum frequent flyer card from Qantas Money is designed to offer premium rewards and luxury benefits for frequent flyers with bonus points and exclusive Qantas offers.

120,000

Bonus points

19.99% p.a.

Purchase rate

1

Reward point

Per $ spent (Visa/Mastercard)

$199 p.a.

Annual fee

for the first year ($299 p.a. thereafter)

Find out more Go to Qantas Money's site

Details

Product NameQantas Premier Platinum
Rewards ProgramQantas Frequent Flyer
Balance Transfer Rate0% for 18 months
Balance Transfer Revert RateCash Advance Rate (21.99% p.a.)
Balance Transfer Limit80% of available balance
Purchase Rate19.99% p.a.
Annual Fee$199 for the first year ($299 thereafter)
Interest Free Period55 days
Cash Advance Rate21.99% p.a.
Minimum Credit Limit$6,000
Card TypeMastercard
Foreign Currency Conversion Fee (Visa/Mastercard)3% of transaction value
Complimentary Travel InsuranceYes
Minimum Income$35,000
Minimum Age18 years of age
Available to Temporary ResidentsNo
Joint ApplicationNo

Pros

  • Earn 20,000 bonus Qantas Points each month for the first 6 months from approval when you spend $1,500 or more each month.
  • Pay a discounted $199 annual fee for the first year.
  • 0% p.a. interest for 18 months on balance transfers with no balance transfer fee.
  • Earn up to 2 Qantas Points per $1 spent on Qantas purchases.
  • 2 complimentary lounge invitations each anniversary.
  • Complimentary overseas travel insurance.

Cons

  • Standard $299 annual fee is relatively high, even for a platinum product.
  • At the end of the promotional period, the balance transfer rate will revert to the cash advance rate of 21.99% p.a.
Rewards ProgramQantas Frequent Flyer
Bonus Points120,000 bonus points
Rewards Points per $ spent (Visa/Mastercard)1
Rewards Points per $ Cap (Visa/Mastercard)Uncapped
Annual Fee$199 for the first year ($299 thereafter)
Minimum Monthly Repayment2% of transaction value or $30, whichever is greater
Late Payment Fee$30
Foreign Currency Conversion Fee (Visa/Mastercard)3% of transaction value
Cash Advance Fee3% or $3, whichever is greater
Overseas Cash Advance Fee$5
Additional Cardholder Fee$50
Number of Additional Cardholders4
Go to Qantas Money's siteMore info

Expert review

Sally McMullen

Review by

Sally McMullen is Finder's credit cards and frequent flyer editor by day and a music maven by night. Her byline can be spotted on Yahoo Finance, Dynamic Business, Financy and Mamamia as well as Music Feeds and Rolling Stone.

Expert review

You can take advantage of a competitive earn rate and boost your rewards with bonus points when you use the Qantas Premier Platinum Mastercard. To give some examples, with 120,000 bonus Qantas Points, you could fly return from Australia’s east coast to London or New York or upgrade over 20 short domestic flights from economy to business class.

Although the total bonus points offer is high, it’s important to pay attention to the offer conditions. Unlike some other Qantas Frequent Flyer credit cards, the spend requirement is staggered and you won’t get the total bonus points unless you meet the spend requirement all six months.

How to apply

You can apply for the Qantas Premier Platinum 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.
  • Current Qantas Premier cardholder status. You won't be eligible to apply for this card if you are the primary cardholder of another Qantas Premier credit card account.
Go to Qantas Money's siteMore info

Card benefits

  • Discounted annual fee. Apply by 31 October 2019 and save with a reduced annual fee of $199 for the first year ($299 p.a. thereafter).
  • Up to 120,000 bonus Qantas Points. You can earn 120,000 bonus Qantas Points (20,000 points each month) when you apply and get approved for a Qantas Premier Platinum by 31 October 2019 and spend at least $1,500 on eligible purchases each month for the first 6 months. Eligible purchases include most everyday spending but exclude things like cash advances, balance transfers, BPAY payments and government related transactions. Your bonus points will be credited to your account within 6 to 8 weeks of meeting the spend requirement.

Rates & fees

  • Annual fee. Outside of any promotions, this card charges a standard annual fee of $299.
  • Purchase rate. The variable purchase interest rate for this card is 19.99% p.a.
Go to Qantas Money's siteMore info

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82 Comments

  1. Default Gravatar
    Adam
    June 17, 2019

    Does this card work with Google Pay?

    Reply
    • AvatarStaff
      Jhez
      June 17, 2019

      Hello Adam,

      Thank you for your comment.

      Upon checking, Qantas Premier Platinum does not support Google Pay. You may please check our list of cards that support Google Pay here.

      Regards,
      Jhezelyn

      Reply
  2. Default Gravatar
    Greg
    June 14, 2019

    Hi! I am not sure what qualifies as an eligible spend?

    “Earning up to 2 points per $1 spent on eligible spend with Qantas”

    Can you purchase everyday items and earn Qantas points? What item does not qualify? Also, how many points do you get per dollar spent on everyday items?

    Reply
    • AvatarStaff
      Nikki
      June 15, 2019

      Hi Greg,

      Thanks for your inquiry.

      Eligible Transaction means any purchase excluding (but not limited to) Cash Advances, Balance Transfers, Special Promotions, BPAY payments, purchases of foreign currency and travellers cheques, transactions made in operating a business, payments to other Citi accounts, bank fees and charges such as interest and ATM charges, transactions made using Qantas Points and government-related transactions. Government related transactions include transactions with government or semi-government entities, or relating to services provided by or in connection with government (for example but not limited to transactions made at Australia Post, payments to the Australian Taxation Office, council rates, motor registries, tolls, parking stations and meters, fares on public transport, fines and court-related costs).

      You can purchase everyday items and earn Qantas Points,.5 Qantas Point per whole AU$1 equivalent on International Spend; 1.0 Qantas Point per whole AU$1 on Domestic Spend up to and including AU$10,000 each Statement Period, 0.5 Qantas Points per whole AU$1 spent above AU$10,000 each Statement Period: plus 1 Additional Qantas Point per whole AU$1 on Qantas Spend.

      International Spend means any Eligible Transaction made with a merchant who tells us they are located in a country outside Australia. Domestic Spend means any Eligible Transaction made with a merchant who tells us they are located within Australia.

      For more information on this, you can read through the terms and conditions of the Qantas Premier Platinum Mastercard’s website.

      Hope this helps!

      Reply
  3. Default Gravatar
    Andy
    May 25, 2019

    Hi,
    If I am self-employed, will I be able to apply for this card? I’ve been in business for 11 months.
    Cheers.

    Reply
    • AvatarStaff
      Bella
      May 26, 2019

      Hi Andy,

      Thanks for your inquiry.

      You may able to apply for this card, as long as you meet the eligibility requirements:

      – Income. You must earn at least $35,000 per year to apply for this card.

      – Current Qantas Premier cardholder status. You won’t be eligible to apply for this card if you are the primary cardholder of another Qantas Premier credit card account.

      – Qantas Frequent Flyer Membership status. You must be a current Qantas Frequent Flyer member to apply for this card.

      – Age. You must be at least 18 years old to apply for a credit card in Australia.

      – Residency. You must be an Australian citizen or permanent resident to apply for this credit card. You also need to have an Australian residential address and mobile phone number.

      I hope this helps.

      Kind regards,
      Bella

      Reply
  4. Default Gravatar
    Amrith
    May 24, 2019

    Does this card charge International Transaction Fee?

    Reply
    • AvatarStaff
      Ash
      May 26, 2019

      Hi Amrith,

      Thank you for contacting Finder.

      Yes, there is a 3% (for the whole amount of the transaction) Foreign Currency Conversion Fee for the transactions that needs AUD to be converted to the local currency.

      I hope this helps.

      Please do not hesitate to reach out again if you have additional questions.

      Cheers,
      Ash

      Reply
  5. Default Gravatar
    Martina
    May 18, 2019

    Hi just another question about the lounge passes. Are you permitted to invite one guest in per entry also or would they have to pay?

    Reply
    • AvatarStaff
      Ash
      May 19, 2019

      Hi Martina,

      Thank you for contacting Finder.

      For Qantas Lounges, you may bring 1 guest if you are travelling domestically. Moreover, you can bring 1 guest with you to enter the International and Partner Lounges but they should be travelling with you and will be flying through Qantas or any partner airlines.

      I hope this helps.

      Please do not hesitate to reach out again to us if you have additional questions.

      Cheers,
      Ash

      Reply
  6. Default Gravatar
    Ian
    May 17, 2019

    With this Qantas card, does the initial $3,500 spend need to be in AUD or can it be in any currency?

    Reply
    • AvatarStaff
      Mai
      May 18, 2019

      Hi Ian,

      Thank you for reaching out.

      It can be any currency. As long as the initial spent totals to $3,500 when converted to AUD and are eligible purchases, you can be eligible for the bonus offer.

      Hope this helps! 😊

      Kind Regards,
      Mai

      Reply
  7. Default Gravatar
    Vince
    May 17, 2019

    If I meet the spend threshold within a week, how long until the 70,000 points are received?

    Thanks

    Reply
    • AvatarStaff
      Mai
      May 18, 2019

      Hi Vince,

      Thank you for reaching out.

      This depends on the time it takes for a store to approve a transaction. Once the store approves, which is determined by how long the store allows for returns or exchanges. Most stores approve within 60 days of purchase, but some may take up to 150 days. Once the $3,500 spend for all the stores are approved, you may wait for the next billing cycle for the bonus points to be credited.

      Hope this helps! 😊

      Kind Regards,
      Mai

      Reply
  8. Default Gravatar
    Martina
    May 16, 2019

    Hi I was just wondering it says 2 single entry lounge passes. If myself and my partner has a card each for the one account can we both gain entry into the lounge when we go on holiday or just one of us?

    Reply
    • AvatarStaff
      Ash
      May 17, 2019

      Hi Martina,

      Thank you for contacting Finder.

      Unfortunately, the 2 lounge passes can only be used by the Primary Cardholder.

      I hope this helps.

      Please do not hesitate to reach out again to us if you have additional questions.

      Cheers,
      Ash

      Reply
  9. Default Gravatar
    Steve
    May 14, 2019

    Please advise what is an eligible purchase. Can I pay my monthly bills with the card and still get points?

    Reply
    • AvatarStaff
      Mai
      May 15, 2019

      Hi Steve,

      Thank you for reaching out.

      An eligible purchases include most everyday spending but excludes things (but not limited to) like cash advances, balance transfers, BPAY payments, special promotions, foreign currency and travellers cheques, transactions made in operating a business and government related transactions.

      Paying your monthly bills with the card does not earn points.

      Hope this helps! 😊

      Kind Regards,
      Mai

      Reply
  10. Default Gravatar
    David
    April 26, 2019

    Hi – Just wondering what bank this credit card is with and what facilities are available to manage it and pay the card off?

    Thanks.

    Reply
    • AvatarStaff
      John
      April 26, 2019

      Hi David,

      Thank you for reaching out to Finder.

      The Qantas Money app allows you to see all your accounts, all in one place. This is how you could manage the account that you may have. Easily and securely connect all your different financial institutions and we’ll automatically keep your balances and transactions up-to-date. See your spend organised into categories that reflect your lifestyle. Since what you are paying for would be a credit card, any financial facility may assist in paying the card off since it is the credit card number that you use and not a specific bank account. Hope this helps.

      Cheers,
      Reggie

      Reply
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