Qudos Bank Visa Platinum Credit Card – Rates and fees

Enjoy a low introductory rate and high Qantas Point earn rate with this platinum Visa credit card.

Qantas Credit Union has rebranded to Qudos Bank. As well as a flash website, the credit union has a new look Visa Platinum credit card offering rewards sure to raise the attention of Qantas Points chasers.

The Qudos Visa Platinum Credit Card rewards you with 1 Qantas Point per dollar spent on purchases everywhere and 0.5 Qantas Points per dollar spent on Qantas services and products. Other features include complimentary travel insurance and a low intro rate of 4.99% for 5 months on purchases and balance transfers (reverts to a variable rate of 18.99% p.a.).

Product NameQudos Bank Visa Platinum Credit Card
Rewards ProgramQantas Frequent Flyer
Balance transfer rate (p.a.)4.99% p.a. for 5 months
Balance Transfer Revert Rate
The interest rate after the balance transfer ends.
Purchase Rate (18.99% p.a.)
Purchase rate (p.a.)4.99% p.a. for 5 months (reverts to 18.99% p.a.)
Annual fee$249 p.a.
Interest Free Period
The interest-free period is the maximum number of days during which interest is not charged on new purchases. This only applies if you pay your closing balance in full by the statement due date.
Up to 55 days on purchases
Cash advance rate (p.a.)4.99% p.a. for 5 months (reverts to 18.99% p.a.)
Min credit limit
This is the lowest credit card limit that you can request. It is possible to apply for a higher credit card limit but not a lower one than this figure.
$6,000
Max credit limit
This credit limit may not be issued to you immediately upon application. This is the maximum credit limit available on this card and you can apply for increases after the account has been opened.
$20,000
Card TypeVisa
Foreign Currency Conversion Fee (VISA)
Foreign currency conversion fees are charged when you make a transaction that is converted by a credit card network, such as MasterCard, Visa or American Express, from Australian dollars to a foreign currency. You’ll also incur a currency conversion fee if you make a purchase or obtain a cash advance in Australian dollars while overseas or shopping online with a foreign merchant or financial institution.
3.65% of transaction value
Complimentary Travel InsuranceYes
Minimum Age18 years of age
Available To Temporary ResidentsNo
Joint ApplicationNo
Annual fee$249 p.a.
Minimum Monthly Repayment2% of the outstanding balance or $20.00 whichever is greater
Foreign Currency Conversion Fee (VISA)
Foreign currency conversion fees are charged when you make a transaction that is converted by a credit card network, such as MasterCard, Visa or American Express, from Australian dollars to a foreign currency. You’ll also incur a currency conversion fee if you make a purchase or obtain a cash advance in Australian dollars while overseas or shopping online with a foreign merchant or financial institution.
3.65% of transaction value
Overseas Cash Advance FeeUS $175
Gambling Transactions AllowedNo
Additional Cardholder Fee$0
Rewards ProgramQantas Frequent Flyer
Rewards Points per $ spent (VISA/MC)1
Rewards Points per $ (VISA/MC) CapUncapped

Qudos Bank Visa Platinum Credit Card review

The Platinum Visa is the premier credit card from Qudos Bank. The earn rate of 1 Qantas Point per dollar spent is competitive with the ultra-premium products of some of Australia’s largest banks, which offer less or charge more in fees.

You can also double this earn rate if you use the card to purchase Qantas services and products like flights. The introductory purchase rate of 4.99% p.a. also gives you a chance to save money on interest charges and maximise your rewards by in the first five months you have the card.

Plus, you can save money with the complimentary travel insurance this card provides. All of these features come at an annual fee of $249.

Benefits of the Qudos Bank Visa Platinum Credit Card

  • High Qantas Points earn rate. You’ll earn 1 Qantas Point per dollar spent on all eligible purchases and 0.5 Qantas Points per dollar spent on Qantas services and products. Qantas Frequent Flyer program membership is included as a complimentary benefit to cardholders (a saving of $89.50 for new members).
  • Introductory offer. Qudos Bank apply an interest rate of 4.99% p.a. for the first 5 months on any balances you transfer or purchases you make using the Visa Platinum Credit Card. The variable interest rate (18.99% p.a.) applies when the intro period ends.
  • Complimentary travel insurance. Get free international travel insurance from Qudos Bank and Allianz when you charge 50% of your prepaid travel costs to your Platinum Visa. Among other benefits, this complimentary policy includes cover for medical and hospital, lost and stolen belongings and for unexpected interruptions to your travel plans. Cover is extended to your family if they’re travelling with you.

Features of the Qudos Visa Platinum Credit Card

  • Rates. The variable rate of interest is 18.99% p.a. Any transactions will accrue interest at this rate once the 5 month introductory period is finished.
  • Intro rate on purchases and balance transfers. You get 4.99% p.a. interest on purchases and balance transfers for the first 5 months you have the card.
  • Annual fee. A $249 annual fee is charged on the anniversary of the date your account was opened.
  • Repayments. Interest is calculated annually and charged monthly. You must repay a minimum of 2% of your total outstanding balance each month.
  • Currency conversion fee. A 3.65% fee applies to all transactions made in a foreign currency.
  • Travel insurance. Qudos Bank and Allianz provide you with complimentary travel insurance when you charge 50% of your prepaid travel costs to your Visa Platinum Card and you hold a return international travel ticket to Australia.
  • Visa payWave. Make Tap&Go payments at contactless terminals for transactions under $100.
  • Free extra card. You can get an additional card for your spouse or family member at no extra cost.
  • Interest-free days. Pay your Platinum Visa Credit Card balance off in full each month and get up to 55 days interest-free on your purchases.
  • Visa perks. Get exclusive Visa Entertainment offers such as presale concert tickets and discounted event offers. Visa also gives platinum cardholders access to a 24/7 worldwide concierge service.
  • No liability for fraud. Visa give you a guarantee you won’t be liable for unauthorised transactions under their zero liability policy.

How to apply for Qudos Visa Platinum Credit Card

An online application for the Qudos Visa Platinum Credit Card can be completed securely in under 15 minutes.

Eligibility requirements

  • Age. You must be over 18 years of age.
  • Residency. You must be an Australian resident.
  • Credit history. You must not have been bankrupt.
  • Income. Qudos Bank don’t list a minimum income requirement. You must be in paid employment to be eligible for this credit card and you must be able to service the minimum credit limit of $6,000.

Required documents

You’ll need to provide you basic personal information including your name, date of birth, address and contact information to complete the application.

  • Financial documents. Qudos need to see details about your gross income, employer and other assets such as property or savings accounts. Information about financial liabilities such as mortgage payments or monthly rent also needs to be included in the application.
  • Identification. For new customers, part of the application requires you to complete an online identification check. You can complete this step using your driver’s licence, Medicare card or passport.

If Qantas is your preferred airline, the rewards earn rate and complimentary insurance make this card a good option for booking flights and boosting your point balance. As far as using this card overseas goes, there are cheaper credit cards to take on holiday. To get the most out of your new credit card, make sure to compare a few options before applying.

Back to top
Was this content helpful to you? No  Yes

Ask an Expert

You are about to post a question on finder.com.au:

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • finder.com.au is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

Finder only provides general advice and factual information, so consider your own circumstances, or seek advice before you decide to act on our content. By submitting a question, you're accepting our Privacy & Cookies Policy and Terms of Use, Disclaimer & Privacy Policy.

35 Responses

  1. Default Gravatar
    LevoJune 12, 2016

    Are Qantas points earnt on Bpay payments?

    • finder Customer Care
      YsaJune 15, 2016Staff

      Hi Levo,

      Thanks for your question.

      Unfortunately, you would not be able to accrue Qantas points on BPay transactions.

      Cheers,
      Ysa

  2. Default Gravatar
    allyDecember 1, 2015

    Can I apply for this card? My income is a $20,600 per year pension

    • finder Customer Care
      SallyDecember 2, 2015Staff

      Hi Ally,

      Thanks for your question. The Qantas Credit Union Visa Platinum card doesn’t list a set minimum income requirement. Instead, they’ll assess your application based on a few factors including income and credit history.

      Before applying, you may wish to get in touch with the Qantas Credit Union customer service team to discuss your likelihood of approval.

      I hope this has helped.

      Cheers,

      Sally

  3. Default Gravatar
    JennyMay 4, 2015

    Is this uncapped please? Also, is it still 1 pt per $ for ATO, insurance, electricity, etc.?

    thanks

    • finder Customer Care
      JonathanMay 4, 2015Staff

      Hi Jenny, thanks for your inquiry!

      The points earnings on this card are uncapped. Unfortunately any fee or charge, including any government charges and cash advances (bill payments) are exempt from points accumulation.

      Cheers,

      Jonathan

  4. Default Gravatar
    PaulApril 7, 2015

    can you direct debit from a combank account to pay monthly balance

    • finder Customer Care
      JonathanApril 8, 2015Staff

      Hi Paul, thanks for your inquiry!

      Direct debit is supported from any account of your choice, including Commonwealth Bank accounts.

      Cheers,

      Jonathan

  5. Default Gravatar
    AlanApril 5, 2015

    What it is the detail of the included travel insurance.

    In particular what is the value of hire vehicle liability covered?

    thanks very much

    • finder Customer Care
      JonathanApril 8, 2015Staff

      Hi Alan, thanks for your inquiry!

      The vehicle rental excess cover for hire cars is up to $3,000. Please refer to the PDF I have sent to your email containing the full details for this travel insurance policy.

      Cheers,

      Jonathan

  6. Default Gravatar
    LukeApril 23, 2012

    So if I keep this card for 6 months then cancel, no joining fee charged upon cancellation?

  7. Default Gravatar
    CherylApril 10, 2012

    Points needed for a Syd/Melbourne return trip as stated above are 25000. Can you please tell me how many points I would need for a Sydney to Los Angeles or Sydney to San Francisco trip please.
    Thank you

    • finder Customer Care
      JeremyApril 27, 2012Staff

      Hi Cheryl,

      Thanks for your question. You will need 48,000 frequent flyer points for a economy class flight from Sydney to San Francisco / Los Angeles flight, zone 8, 7827 miles.

      Cheers.
      Jeremy

  8. Default Gravatar
    MarkApril 10, 2012

    Is an ‘eligible purchase’ any purchase at all for the month?

    • finder Customer Care
      JeremyApril 27, 2012Staff

      Hi Mark,

      Thanks for your question. An eligible purchase is any purchase at any time of the month that does not include: Balance transfers, Cash advances, Special promotions, Purchases of foreign currency or traveller’s cheques, Business Expenses, BPAY transactions, Any fee or charge, including any government charges or duties and any fee or charge for your membership of and participation in the Qantas Frequent Flyer Program, Interest and finance charges payable or paid on your Card Account, Enforcement expenses, Transactions which are disputed, fraudulent or involve the abuse or unauthorised use of your QSCU Visa Platinum Credit Card, Payments and purchases which are refunded or reimbursed; and Payments made by you to other QSCU loan accounts. Hope this has helped.

      Cheers,
      Jeremy

  9. Default Gravatar
    NickApril 8, 2012

    do you have to be a member of Qantas Staff Credit Union to apply?

    • finder Customer Care
      JeremyApril 27, 2012Staff

      Hi Nick,

      Thanks for your question. The Qantas ‘Staff’ credit card is a branding choice meant to convey discounted rates and access to Qantas products and services. You don’t need to work for Qantas to apply for this card. For a list of the eligibility requirements please refer to this page – http://www.qantascu.com.au/apply-online-what-will-i-need-to-apply.html

      Cheers,
      Jeremy

  10. Default Gravatar
    SteveApril 5, 2012

    what does “staff” mean? Is this card available to anybody?

    • finder Customer Care
      JeremyApril 27, 2012Staff

      Hi,

      Thanks for your question. The Qantas ‘Staff’ credit card is a branding choice meant to convey discounted rates and access to Qantas products and services. You don’t need to work for Qantas to apply for this card. For a list of the eligibility requirements please refer to this page – http://www.qantascu.com.au/apply-online-what-will-i-need-to-apply.html Cheers.

      Jeremy

Credit Cards Comparison

Rates last updated November 19th, 2018
Name Product Purchase rate (p.a.) Balance transfer rate (p.a.) Annual fee Product Description
NAB Low Fee Platinum Card - Exclusive Offer
19.74% p.a.
0% p.a. for 25 months
$90 p.a.
finder Exclusive: Take advantage of 0% p.a. interest for 25 months on balance transfers with no balance transfer fee.
Citi Platinum Credit Card - Exclusive Offer
0% p.a. for 13 months (reverts to 20.99% p.a.)
0% p.a. for 13 months
$49 p.a. annual fee for the first year ($149 p.a. thereafter)
finder Exclusive:
Save with 0% interest on purchases and balance transfers for 13 months (with no BT fee). Plus, a discounted $49 annual fee for the first year.
Virgin Australia Velocity Flyer Card - Exclusive Offer
0% p.a. for 14 months (reverts to 20.74% p.a.)
0% p.a. for 6 months
$64 p.a. annual fee for the first year ($129 p.a. thereafter)
finder Exclusive: Save on credit card costs with half the annual fee for the first year and a 0% p.a. interest rate on purchases for 14 months.
American Express Westpac Altitude Platinum Bundle - Qantas - Exclusive Offer
20.24% p.a.
$50 p.a. annual fee for the first year ($249 p.a. thereafter)
finder Exclusive:
Up to 90,000 bonus Qantas Points when you meet the criteria with this dual Visa (issued & serviced by Westpac) & Amex (issued & serviced by Amex).

Compare up to 4 providers

* The credit card offers compared on this page are chosen from a range of credit cards finder.com.au has access to track details from and is not representative of all the products available in the market. Products are displayed in no particular order or ranking. The use of terms 'Best' and 'Top' are not product ratings and are subject to our disclaimer. You should consider seeking independent financial advice and consider your own personal financial circumstances when comparing cards.

Ask a question
Go to site