Qantas Premier Titanium could earn you 337,500 points a year
First Lounge invites, bonus status credits, discounted flights – and a $1,200 annual fee.
Qantas has expanded its range of credit cards with the new Qantas Premier Titanium, which is launching with an offer of 150,000 bonus Qantas Points. That's a bigger bonus sign-up points offer than the current Qantas Premier Platinum and Qantas Premier Everyday deals.
To score those bonus points, you'd need to spend $5,000 on the card within 90 days of approval. That's not a ridiculously high hurdle compared to some recent offers. However, with a $1,200 annual fee, you'd need to plan your spending carefully to maximise value.
Just how many Qantas Points could you earn? For ongoing spending, you get 1.25 Qantas Points per $1 spent, capped at $12,500 each month. (After that, the earn rate drops to 0.5 Qantas Points per $1 spent). Assuming you spent that amount on the card each month for a full year and also got the bonus sign-up offer, you'd rack up 337,500 Qantas Points in a year. The card also offers 2 Qantas Points per $1 spent for overseas purchases, so you could boost that total even further.
On top of the points, there are also other perks. The card includes two invitations each year for the Qantas First lounge in Sydney or Melbourne, plus two other business-class lounge invitations. You can also take 10% off two full-fare Qantas bookings for two passengers paid for on the card.
Perhaps most temptingly, you'll get a 20% bonus on status credits for Qantas flights booked through the card. That could make it easier to hit Gold or Platinum status. There are some fiddly conditions attached – you can't count the extra credits towards lifetime status or use them to hit Platinum One.
Like the other current Qantas-branded cards, it's issued by Citi.
Manifestly, this is not a card for every frequent flyer. The specified minimum annual income needed to apply is $200,000. To hit that 337,500 points peak, you'd need to spend at least $150,000 on the card each year. So for most of us, a different Qantas-earning card is going to be a more realistic option.
That said, with American Express trimming rewards on many of its premium cards, clearly there's still a market for high-earning cards.
Angus Kidman's Findings column looks at new developments and research that help you save money, make wise decisions and enjoy your life more. It appears regularly on finder.com.au.