Qantas Premier Platinum Mastercard

Last updated: 2 March 2020

Earn up to 100,000 bonus Qantas Points and save with a 0% interest for 18 months on balance transfers with the Qantas Premier Platinum credit card.

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

As well as earning up to 2 points per $1 spent on eligible spend with Qantas, the Qantas Premier Platinum offers complimentary travel insurance, two airport lounge invitations per year on your card anniversary and a discount offer on selected domestic companion fares once a year.

New customers will receive 80,000 bonus Qantas Points when you apply by 28 May 2020 and spend at least $5,000 on eligible purchases within the first 90 days of card approval. You’ll receive another 20,000 bonus Qantas Points after you pay the annual fee on your first card anniversary. Plus, an introductory offer of a 0% p.a. interest rate on balance transfers for up to 18 months.

100,000

Bonus points

19.99% p.a.

Purchase rate

Reward point

Per $ spent (Visa/Mastercard)

$299 p.a.

Annual fee

Details

Product Name	Qantas Premier Platinum
Rewards program	Qantas Frequent Flyer
Balance transfer rate	0% p.a. for 18 months
Balance Transfer Revert Rate	Cash Advance Rate (21.99% p.a.)
Balance Transfer Limit	80% of available balance
Purchase rate (p.a.)	19.99% p.a.
Annual fee	$299 p.a.
Interest free period	55 days
Cash advance rate (p.a.)	21.99% p.a.
Min credit limit	$6,000
Card type	Mastercard
Foreign currency conversion fee (Visa/Mastercard)	3%
Complimentary travel insurance	Yes

Minimum Income	$35,000
Minimum age	18 years of age
Available to temporary residents	No
Joint application	No

Pros

80,000 bonus Qantas Points when you spend $5,000 in the first 90 days and another 20,000 after you pay the second year's annual fee (100,000 total)
0% p.a. interest rate on balance transfers for the first 18 months, with no balance transfer fee
Earn up to 2 Qantas Points per $1 spent on Qantas purchases.
Two complimentary lounge invitations each anniversary year
Complimentary overseas travel insurance

Cons

Bonus points are not issued all at once
The standard $299 annual fee is relatively high

Rewards program	Qantas Frequent Flyer
Bonus Points	100,000 bonus points
Rewards Points per $ spent (Visa/Mastercard)	1
Rewards Points per $ Cap (Visa/Mastercard)	Uncapped

Annual fee	$299 p.a.
Minimum monthly repayment	2% of the closing balance or $30, whichever is greater
Late payment fee	$30
Foreign currency conversion fee (Visa/Mastercard)	3%
Cash Advance Fee	3% or $3, whichever is greater
Overseas cash advance fee	$5
Additional cardholder fee	$50
Number of Additional Cardholders	4

Expert review

Review by

Sally McMullen

sally.mcmullen@finder.com.au

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, you could fly return from Brisbane to Denpasar in business class (42,200 points each way) or return from Perth to Doha in economy (45,000 points each way) with 100,000 Qantas Points.

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, you won’t get the total bonus points unless you meet the spend requirement and pay the annual fee on your first card anniversary.

This card also has the benefit of 0% p.a. balance transfers for the first 18 months, however, if you’ve got a balance to transfer, paying it off should be your focus before chasing bonus points. In addition to these offers, this card is packed with extra features like Qantas Lounge invitations, complimentary travel insurance and discounts on companion flights.

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.

Eligible balance transfer debt. If you are planning to take advantage of the balance transfer, you can transfer up to 80% of your available credit limit from up to 4 Australian accounts not issued by Citigroup.
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.
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.
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 licence, passport or Medicare number. Usually a driver's licence is preferred.
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.
Finances. 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.

Card benefits

Up to 100,000 bonus Qantas Points. Earn 80,000 bonus points when you apply and get approved for a Qantas Premier Platinum by 28 May 2020 and spend at least $5,000 on eligible purchases within the first 90 days of card approval. Receive an additional 20,000 bonus Qantas Points within 12 weeks of paying the second year's annual fee. 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.
Qantas Points per $1 spent. You'll earn 2 points per $1 spent on Qantas flights, Qantas Club membership and purchases through the Qantas Store, 1.5 points per $1 spent overseas and 1 Qantas Point per $1 spent on eligible purchases in Australia up to $10,000 per month (0.5 points per $1 spent after that).

Balance transfer offer. This card offers 0% p.a. interest on balance transfers for the first 18 months with no balance transfer fee when you apply by 28 May 2020. When the introductory period ends, any balance remaining from the transfer will accrue interest at the 21.99% p.a. cash advance rate.
0% p.a. for 6 months on your first Qantas purchase. If you use your card for a qualifying purchase with Qantas in the first 6 months of card approval, it will automatically be charged 0% p.a. interest for 6 months from the date the transaction is processed. This is only available for your first qualifying Qantas purchase in this period and any unpaid balance at the end of the 6 month period will revert to the variable 19.99% p.a. purchase rate.
Discounted companion flight offer. Use the Qantas Premier Concierge service for your flight booking and you can enjoy up to 20% off selected domestic companion flights once per year. This offer is available for you and up to 8 companions as long as you travel together on the same booking number, day and flight(s).
Airport lounge invitations. Travel in style with two single-entry complimentary lounge invitations each year on your card anniversary. 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 Citigroup Pty Limited.
Concierge service. Your dedicated concierge can help you with anything from travel bookings to restaurant recommendations, hotel reservations and event tickets.

Rates & fees

Annual fee. This card charges a standard annual fee of $299.
Purchase rate. The variable purchase interest rate for this card is 19.99% p.a.

Interest-free days. Pay your balance in full by the due date on each statement and you can enjoy up to 55 days interest-free on purchases. Please note that interest-free days do not apply 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 be also be charged a domestic cash advance fee of 3% of 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.

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Qantas Premier Platinum Mastercard