Qantas Premier Platinum Credit Card Review | Finder

Qantas Premier Platinum Mastercard

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Earn 100,000 bonus Qantas Points and save with a discounted $199 first-year annual fee.

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 03 May 2021 and spend $4,000 on eligible purchases within the first 3 months of card approval.


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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Product NameQantas Premier Platinum
Rewards programQantas Frequent Flyer
Balance transfer rate0% p.a. for 18 months with 1% balance transfer fee
Balance transfer revert rateCash Advance Rate (21.99% p.a.)
Balance transfer limit80% of available limit
Purchase rate19.99% p.a.
Annual fee$199 annual fee for the first year ($299 p.a. thereafter)
Interest-free periodUp to 55 days on purchases
Cash advance rate21.99% p.a.
Min credit limit$6,000
Card typeMastercard
Foreign currency conversion fee3%
Minimum income$35,000
Available to temporary residentsNo
Joint applicationNo


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


  • 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 programQantas Frequent Flyer
Bonus points100,000
Rewards points per $ spent1
Rewards points capUncapped
Annual fee$199 annual fee for the first year ($299 p.a. thereafter)
Minimum monthly repayment2% of the closing balance or $30, whichever is greater
Late payment fee$30
Foreign currency conversion fee3%
Cash advance fee3% or $3, whichever is greater
Overseas cash advance fee$5
Additional cardholder fee$50
Number of additional cardholders4

Expert review


Review by

Sally McMullen is a creative content producer at Finder. Sally has written about credit cards for almost 5 years, authoring almost 900 articles on Finder alone. She has also been published in Yahoo Finance, Dynamic Business, Financy and Mamamia, as well as Music Feeds and Rolling Stone. Sally 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).

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.

Card benefits

  • 100,000 bonus Qantas Points. Earn 100,000 bonus points when you apply and get approved for a Qantas Premier Platinum by 03 May 2021 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.
  • Qantas Points per $1 spent. You'll earn 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), with 1 additional Qantas Point per $1 spent on Qantas flights, Qantas Club membership and purchases through the Qantas Store – meaning you can earn up to 2 points per $1 spent with this card. You'll also earn 1.5 points per $1 spent overseas.

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.
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