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Qantas Premier Everyday Mastercard

Last updated: 25 February 2020

Score up to 25,000 bonus Qantas Points, a discounted first year annual fee and complimentary travel insurance.

The Qantas Premier Everyday Mastercard is designed for frequent flyers who want a competitive Qantas Point earn rate without the high annual fee.

Apply by 30 June 2020 and save with a discounted $29 first year annual fee and a 0% p.a. interest rate on balance transfers for the first 12 months.

You can also earn up to 25,000 bonus Qantas Points (5,000 bonus points each month when you spend at least $1,000 per month on eligible transactions for the first 5 months).

0% p.a.

Balance transfer rate

for 12 months

25,000

Bonus points

19.99% p.a.

Purchase rate

0.75

Reward points

Per $ spent (Visa/Mastercard)

Details

Product Name	Qantas Premier Everyday
Rewards Program	Qantas Frequent Flyer
Balance transfer rate	0% p.a. for 12 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	$29 p.a. annual fee for the first year ($49 p.a. thereafter)
Interest Free Period	55 days
Cash advance rate (p.a.)	21.99% p.a.
Min credit limit	$4,000
Card Type	Mastercard
Foreign Currency Conversion Fee (Visa/Mastercard)	3% of transaction value
Complimentary Travel Insurance	Yes

Minimum Income	$35,000
Minimum Age	18 years of age
Available to Temporary Residents	No
Joint Application	No

Pros

Up to 25,000 bonus Qantas Points
Discounted $29 annual fee in the first year ($49 thereafter)
Earn 0.75 Qantas Points per $1 spent on domestic purchases up to $3,000 per statement period (2,250 points) and 0.4 points per $1 spent thereafter.
This card comes with a complimentary overseas travel insurance.

Cons

Spend requirement for bonus points is complicated (receive 5,000 points/month when you spend $1,000/month on eligible transactions for the first 5 months)
Domestic spend threshold of $3,000 before lower points earn rate kicks in is low

Rewards Program	Qantas Frequent Flyer
Bonus Points	25,000 bonus points
Rewards Points per $ spent (Visa/Mastercard)	0.75

Annual fee	$29 p.a. annual fee for the first year ($49 p.a. thereafter)
Minimum Monthly Repayment	2% of the closing balance or $30, whichever is greater
Late Payment Fee	$30
Foreign Currency Conversion Fee (Visa/Mastercard)	3% of transaction value
Cash Advance Fee	3% or $3, whichever is greater
Overseas Cash Advance Fee	$5
Additional Cardholder Fee	$25
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

The Qantas Premier Everyday Mastercard doesn't have the biggest bonus points offer on the market, but it is competitive when compared to other frequent flyer cards with low annual fees.

To give you an idea of your points potential, you could use 25,000 Qantas Points for a return economy flight from Sydney to Brisbane (8,000 points each way) or a one-way economy flight from Sydney to Auckland (18,000 points).

If you want a bigger bonus points offer or perks like Qantas Club lounge invitations and discounts, you could consider the Qantas Premier Platinum Mastercard.

How to apply

You can apply for the Qantas Premier Everyday Mastercard online in 10 minutes. To get started, make sure you meet the eligibility requirements and have the relevant documents and details on hand.

Eligibility criteria

Income. You must earn at least $35,000 per year to apply for this card.
New customer. 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. You must be a Qantas Frequent Flyer member to apply for this card. If you're not already a member, you can join for free during the 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.
Eligible balance transfer debt. If you plan to make use of the balance transfer, you can transfer up to 80% of your available credit limit from up to 4 accounts not issued by Citigroup.
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, Australian residential address, email address and an Australian mobile phone number.
Identification. This includes your driver's licence, passport or Medicare number.
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. List any assets (like savings or investments) and debts (such as existing cards or loans) that you have. You'll also be asked to estimate your regular expenses for essentials such as food, housing and utilities.
Balance transfer details. You'll need to provide the name of the financial institution, BPAY reference number and the amount you want to transfer available.

Card benefits

Up to 25,000 bonus Qantas Points. New cardholders who apply by 30 June 2020 will collect 5,000 points each month for the first 5 months when you spend $1,000 or more on eligible purchases each month. If you happen to miss out on points for one or more months, you are still eligible for the remainder. The bonus points will be credited to your account within 8 weeks of the spend requirement being met each month.
Discounted $29 first year annual fee. The Qantas Premier Everyday's standard annual fee is $49, but when you apply by 30 June 2020, you will save $20 with a $29 first year annual fee.

Earn Qantas Points as you spend. You'll earn 0.75 Qantas Points per $1 spent up to $3,000 per statement period (2,250 points) and 0.4 Qantas Points per $1 spent thereafter. You'll collect 1 Qantas Point per $1 spent on international purchases and 1 additional Qantas Point per $1 spent on eligible Qantas spend.
Complimentary overseas travel insurance. When you book eligible travel on your card, you can take advantage of medical emergency insurance cover of up to $1,000,000 plus travel cancellation cover of up to $20,000.
Qantas Premier Concierge. Primary cardholders get access a 24/7 concierge service available to assist with everything from party planning to beauty and fitness services to medical and travel assistance.
No fee balance transfer offer. If you need to pay down an existing debt, you can take advantage of a balance transfer offer of 0% p.a. for the first 12 months with no balance transfer fee when you apply by 30 June 2020. Any remaining balance at the end of the introductory period will accrue interest at the cash advance rate (currently 21.99% p.a.).
Fraud protection. You can shop with peace of mind thanks to Mastercard Zero Liability cover.
Qantas Money app. You can track your spending, balance and points on the go and in one place with the Qantas Money app.

Rates & fees

Annual fee. This card charges a competitive standard annual fee of $49. If you choose to add an additional cardholder, a $25 annual fee applies.
Purchase rate. Outside of any purchase rate promotions, if you don't pay your balance in full by the payment due date, your purchases will collect interest at the rate of 19.99% p.a.

Interest-free days. If you pay your balance in full by the statement due date, you can save with up to 55 interest-free days on purchases. You won't be eligible for interest-free days if you're paying off a balance transfer debt.
Cash advances. Cash advances, such as ATM withdrawals, will attract the variable 21.99% p.a. cash advance interest rate. They will also be subject to a fee of 3% of transaction amount or $3 (whichever is greater).
International transaction fee. If you use your card to make a foreign transaction overseas or shopping online, you'll be charged a 3% foreign transaction fee.

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Qantas Premier Everyday Mastercard