Qantas Premier Platinum Mastercard

Last updated: Oct 1, 2020

Earn 100,000 bonus Qantas Points and 75 bonus Status Credits. Plus, save with 0% interest for 18 months on balance transfers.

This platinum frequent flyer card from Qantas Money offers you premium rewards and luxury benefits – including bonus points. You’ll earn 100,000 bonus Qantas Points when you apply by 30 November 2020 and spend $4,000 on eligible purchases within the first 3 months of card approval. You’ll also get 75 bonus Status Credits when you make your first eligible purchase by 31 January 2021.

The Qantas Premier Platinum also offers an introductory balance transfer rate of 0% p.a. for up to 18 months (with a one-time 1% balance transfer fee), a discounted first-year annual fee, 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.

Terms and conditions apply

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100,000

Bonus points

19.99% p.a.

Purchase rate

Reward point

Per $ spent

$199 p.a.

Annual fee

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

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Details

Product Name	Qantas Premier Platinum
Rewards program	Qantas Frequent Flyer
Balance transfer rate	0% p.a. for 18 months with 1% balance transfer fee
Balance transfer revert rate	Cash Advance Rate (21.99% p.a.)
Balance transfer limit	80% of available limit
Purchase rate	19.99% p.a.
Annual fee	$199 annual fee for the first year ($299 p.a. thereafter)
Interest-free period	55 days
Cash advance rate	21.99% p.a.
Min credit limit	$6,000
Card type	Mastercard
Foreign currency conversion fee	3%

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

Pros

100,000 bonus points
75 bonus Status Credits
Balance transfer offer of 0% p.a. for 18 months
Discounted $199 first-year annual fee

Cons

Charges a one-time 1% BT fee
The standard $299 annual fee is relatively high
You will not get interest-free days on purchases if you’re carrying a balance transfer debt

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

Annual fee	$199 annual fee for the first year ($299 p.a. thereafter)
Minimum monthly repayment	2% of the closing balance or $30, whichever is greater
Late payment fee	$30
Foreign currency conversion fee	3%
Cash advance fee	3% or $3, whichever is greater
Overseas cash advance fee	$5
Additional cardholder fee	$50
Number of additional cardholders	4

Go to Qantas Money's site More info

Expert review

Review by

Sally McMullen

sally.mcmullen@finder.com.au

Sally McMullen is a creative content producer at Finder, co-hosts our Pocket Money podcast and wrote about credit cards for almost five years. Her byline can be spotted on Yahoo Finance, Dynamic Business, Financy and Mamamia as well as Music Feeds and Rolling Stone. She has a Bachelor of Communication and Media Studies majoring in Journalism (Hons) from the University of Wollongong.

Expert review

You can take advantage of a competitive earn rate and bonus points with the Qantas Premier Platinum. To give some examples, with 100,000 Qantas Points two people could fly return from Melbourne to Auckland in business (83,000 points plus fees and taxes) or you could get $500 worth of Woolworths digital gift cards (98,700 points for two $250 cards). After your first eligible spend, you’ll also get a bonus 75 Status Credits that can help you reach a higher tier of the frequent flyer program.

This card also has the benefit of a discounted first-year annual fee and a 0% p.a. balance transfers for the first 18 months (with a one-time 1% balance transfer fee). 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.

Go to Qantas Money's site More info

Card benefits

100,000 bonus Qantas Points. Earn 100,000 bonus points when you apply and get approved for a Qantas Premier Platinum by 30 November 2020 and spend at least $4,000 on eligible purchases within the first 3 months of card approval. 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.
Bonus Status Credits. Get 75 bonus Status Credits when you apply by 30 November 2020 and make your first eligible purchase before 31 January 2021. These Status Credits can be used to attain any tier and to qualify for lifetime status.

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 when you apply by 30 November 2020 (a one-time 1% balance transfer fee applies). When the introductory period ends, any balance remaining from the transfer will accrue interest at the 21.99% p.a. cash advance rate.
Discounted first-year annual fee. Apply by 30 November 2020 and you will save with a $199 first-year annual fee ($299 p.a. thereafter).

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. Outside 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.

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 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.

Go to Qantas Money's site More info

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Qantas Premier Platinum Mastercard