Qantas Premier Platinum Mastercard

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Earn up to 80,000 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 is designed to offer premium rewards and luxury benefits for frequent flyers with bonus points and exclusive offers. When you apply by 30 September 2020 and spend $1,500 on eligible purchases per month, you will earn 20,000 bonus Qantas Points each month for the first 4 months. You’ll also get 75 bonus Status Credits when you make your first eligible purchase by 30 November 2020.


Bonus points

19.99% p.a.

Purchase rate


Reward point

Per $ spent (Visa/Mastercard)

$199 p.a.

Annual fee

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


Product NameQantas Premier Platinum
Rewards programQantas Frequent Flyer
Balance transfer rate0% p.a. for 18 months
Balance Transfer Revert RateCash Advance Rate (21.99% p.a.)
Balance Transfer Limit80% of available limit
Purchase rate (p.a.)19.99% p.a.
Annual fee$199 p.a. annual fee for the first year ($299 p.a. thereafter)
Interest-free period55 days
Cash advance rate (p.a.)21.99% p.a.
Min credit limit$6,000
Card typeMastercard
Foreign currency conversion fee (Visa/Mastercard)3%
Complimentary travel insuranceYes
Minimum Income$35,000
Minimum age18 years of age
Available to temporary residentsNo
Joint applicationNo


  • Up to 80,000 bonus points
  • 75 bonus Status Credits
  • Balance transfer offer of 0% p.a. for 18 months
  • Discounted $199 first-year annual fee


  • Bonus points are not issued all at once
  • 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 Points80,000 bonus points
Rewards Points per $ spent (Visa/Mastercard)1
Rewards Points per $ Cap (Visa/Mastercard)Uncapped
Annual fee$199 p.a. 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 fee (Visa/Mastercard)3%
Cash Advance Fee3% or $3, whichever is greater
Overseas cash advance fee$5
Additional cardholder fee$50
Number of additional cardholders4

Expert review

Sally McMullen

Review by

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 80,000 Qantas Points two people could fly return from Sydney to Cairns in economy (72,000 points plus fees and taxes) or you could get $400 worth of Woolworths digital gift cards (76,000 points for four $100 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.

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

  • Up to 80,000 bonus Qantas Points. Earn 20,000 bonus points each month for 4 months when you apply and get approved for a Qantas Premier Platinum by 30 September 2020 and spend at least $1,500 per month on eligible purchases. 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 September 2020 and make your first eligible purchase before 30 November 2020. These Status Credits can be used to attain any tier and to qualify for lifetime status.

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.
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