Queenslanders Credit Union Platinum Rewards Mastercard – Rates and Fees

Get 20,000 points as a signup bonus, 1 point for every $1spent and complimentary insurances with this platinum card.

Make everyday purchases using the Queenslanders Credit Union Platinum Rewards Mastercard and get 1 reward point per dollar spent. Redeem your points for flights and non-flight rewards in the Card Services Rewards Program. You’ll also get 20,000 points as a sign-up bonus when you spend $3,000 or more in the first month. The annual fee for this platinum credit card is $129.

Product NameQueenslanders Credit Union Platinum Rewards Mastercard
Rewards ProgramCard Services Rewards Program
Balance transfer rate (p.a.)0% p.a. for 14 months
Balance Transfer Revert Rate
The interest rate after the balance transfer ends.
Cash Advance Rate (21.74% p.a.)
Balance Transfer Limit80% of available credit limit
Purchase rate (p.a.)20.24% p.a.
Offer end date31 January 2018
Annual fee$99 p.a. annual fee for the first year ($129 p.a. thereafter)
Interest Free Period
The interest-free period on purchases is the period or number of days you do not have to pay interest on your card purchases. You will be charged interest either from the day you make a purchase or from the statement date, unless you pay the closing balance in full by the due date (or within the interest-free period) on your statement.
Up to 55 days on purchases
Cash advance rate (p.a.)21.74% 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 on application. This is the maximum credit limit for this card which must be applied for or offered to you after you are approved and have already opened the account.
$30,000
Minimum Monthly Repayment2% or $30 whichever is greater
Minimum Income$35,000
Card TypeMastercard
Late Payment Fee$10
Complimentary Travel InsuranceYes
Available To Temporary ResidentsNo
Joint ApplicationNo
Minimum Income$35,000
Minimum Age18 years of age
Available to Temporary ResidentsNo
Credit Rating Requirement
Credit rating requirement is provided only as a guide. Understanding your credit file helps you make more informed decisions in regards to your finances. Learn more about what this means here.
Good
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 on application. This is the maximum credit limit for this card which must be applied for or offered to you after you are approved and have already opened the account.
$30,000
Annual Fee$99 p.a. annual fee for the first year ($129 p.a. thereafter)
Minimum Repayment2% or $30 whichever is greater
Late Payment Fee$10
Over Limit Fee$0
Cash Advance Fee $3.50 (or 3.50% of amount when >= $100) for each cash advance
Overseas Cash Advance Fee$5
Gambling Transactions AllowedNo
Additional Cardholder Fee$0 p.a.
Number of Additional Cardholders4
BPAYYes
ChequeYes
Direct DebitYes
Australia PostYes
Phone BankingYes
Internet Banking TransfersYes
MailYes
Rewards ProgramCard Services Rewards Program
Bonus Points on Sign-up20,000
Rewards Points per $ (VISA/MC)1
Rewards Points per $ (AMEX)0
Rewards Points per $ (AMEX) CapN/A
Points ExpiryNever

Queenslanders Credit Union Platinum Rewards Mastercard review

Our comparison of platinum credit cards includes comparatively priced products with similar features and benefits. Pay the Queenslanders Credit Union Platinum Rewards Mastercard for a discounted annual fee of $99 in the first year ($129 p.a. thereafter) and you could save hundreds with the 0% p.a. months balance transfer offer. This product also rewards you with 1 Card Services rewards point when you make an eligible purchase. The card has a purchase rate of 20.24% p.a., but you can take advantage of up to 55 interest-free days when you pay your balance in full. Plus, you can take advantage of complimentary travel and purchase insurances with this platinum card.

Benefits of the Queenslanders Credit Union Platinum Rewards Mastercard

  • Earn rewards points. The Queenslanders Credit Union rewards your Platinum Rewards Mastercard eligible purchases with 1 Card Services rewards point per dollar spent. Spend $3,000 in the first three months and you’ll also get 20,000 points as a sign-up bonus.
  • Balance transfer offer. Queenslanders Credit Union will give you 0% p.a. months on any credit card debt you balance transfer at the point of application. You can use up to 80% of your available credit limit towards a balance transfer. When the promotional period ends, any balance transfer balance you haven’t paid back will be charged at the cash advance rate of interest.
  • Complimentary insurance benefits. This platinum credit card includes complimentary insurance. You and your family are eligible for comprehensive international travel insurance when you purchase your overseas travel tickets using your Queenslanders Credit Union Platinum Rewards Mastercard. Cardholders can also access complimentary purchase protection insurance and guaranteed pricing scheme insurance.
  • Platinum concierge. A platinum concierge can help you with dinner reservations, concert tickets and travel bookings, anywhere in the world any time of the day.
  • Interest-free days. The Queenslanders Credit Union Platinum Rewards Mastercard provides up to 55 days interest-free when you pay your credit card balance in full by the statement due date.

Features of the Queenslanders Credit Union Platinum Rewards Mastercard

  • Annual fee. Queenslanders Credit Union charges an annual fee of $99 in the first year, then $129 thereafter.
  • Balance transfers. Queenslanders Credit Union is offering a promotional rate of interest of 0% p.a. for 14 months for new customers. You can use up to 80% of your credit limit towards a balance transfer. At the end of the balance transfer promotional period, any outstanding balance will be charged at the cash advance rate of interest.
  • Cash advance rate. Cash advances accrue interest at 21.74% p.a. Cash advance transactions are ineligible for interest-free days.
  • Minimum repayments. Queenslanders Credit Union requires you pay 2%. If you don’t make the minimum repayment by the statement due date, Queenslanders Credit Union charges a $10 late payment fee.

How to apply for the Queenslanders Credit Union Platinum Rewards Mastercard

You can complete your application in branch or online. Make sure you meet the following eligibility requirements and have the necessary documents handy before you apply:

Eligibility requirements

  • Age. You must be over the age of 18 to apply for this credit card.
  • Credit history. You must have a good credit rating to apply for this credit card.
  • Minimum income. You must earn $35,000 or more each year to be eligible to apply for this credit card.

Required documents

  • Identification. Apply for the Platinum Rewards Mastercard and you also become a member of Queenslanders Credit Union.
  • Income and assets. Enter details about your income and your assets. Queenslanders Credit Union needs an overview of your current employer details.
  • Expenses and liabilities. Provide details about your ongoing expenses such as loan repayments.

This product offers a standard set of features for a platinum card. If you’re looking for special deals on purchases or a longer balance transfer offer, have a look at our comparison of platinum credit cards.

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