Woolworths Qantas Platinum Credit Card – Details and Review

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Save on interest and fees with a 0% p.a. balance transfer offer and discounted annual fee of $99 for the first year.

Woolworths Qantas Platinum Credit Card offers a number of ways to cut credit card costs while being rewarded for your spending. If you have a high interest debt, you can transfer it to the card and pay it down with a promotional balance transfer rate of 0% p.a. for 14 months, potentially saving you hundreds or thousands in interest costs.

Customers who do not have Qantas Frequent Flyer membership will be enrolled without any extra cost, saving $89.50. The card also offers comprehensive complimentary travel insurance and purchase security insurance for purchases made on the card. The annual fee on the card is $99 for the first year and a standard $169 annual fee will apply thereafter.

Product NameWoolworths Qantas Platinum Credit Card
Rewards ProgramQantas Frequent Flyer
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 (21.99% p.a.)
Purchase rate (p.a.)20.49% p.a.
Offer end date30 September 2018
Annual fee$99 p.a. annual fee for the first year ($169 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.)21.99% 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
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% of transaction value
Complimentary Travel InsuranceYes
Minimum Income$30,000
Minimum Age18 years of age
Available To Temporary ResidentsNo
Joint ApplicationNo
Annual fee$99 p.a. annual fee for the first year ($169 p.a. thereafter)
Minimum Monthly Repayment2.5% of the closing balance or $50, whichever is greater
Late Payment Fee$35
Cash Advance Fee$5 or 3% of the value of the transaction, whichever is the greater
Foreign Currency Conversion Fee
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%
of transaction value
Gambling Transactions AllowedNo
Additional Cardholder Fee$29

Pros

  • This card offers a promotional balance transfer of 0% p.a. for 14 months with no BT fee.
  • Take advantage of a discounted annual fee for the first year.
  • Earn an additional Qantas point per $1 spent on selected Qantas products and services.

Cons

  • A fee of $169 applies after the annual fee waiver in the first year.
Rewards ProgramQantas Frequent Flyer
Rewards Points per $ (VISA/MC)1
Rewards Points per $ (VISA/MC) CapUncapped
Points ExpiryNever

Benefits of the Woolworths Qantas Platinum Credit Card

This card comes with a host of benefits which makes it a competitive option within the platinum card segment. Some of the perks include:

  • Discounted first year annual fee. New customers who apply by 30 September 2018 can look forward to a discounted annual fee of $99 for the first year, reverting to $169 p.a. thereafter.
  • Qantas Points per $1 spent. Cardholders earn 1 Qantas Point for every $1 spent at Woolworths and Woolworths group stores. All other eligible purchases earn 0.5 Qantas Points per dollar spent, uncapped. Applicants who do not have Qantas Frequent Flyer membership will be provided one at no additional cost during sign up, saving $89.50.
  • Balance transfer. If you need to consolidate an existing debt, you can pay it down at a lower rate by completing a balance transfer at 0% p.a. for 14 months, reverting to the variable cash advance rate. Offer ends on 30 September 2018. You can transfer a minimum of $500 from Australian credit or store cards not issued by Macquarie.
  • Discounts on your shopping. Get 10% off your shopping on selected dates once per month, saving you up to $50.
  • Complimentary insurance. You get comprehensive travel insurance including unlimited overseas medical emergency cover, interstate flight inconvenience cover and more. It also provides purchase security insurance and extended warranty insurance for shoppers.
  • Platinum perks. Get exclusive access to platinum perks such as concierge services, Visa luxury hotel collection access, member discount at Woolworths, savings on fuel and more.

Features of Woolworths Qantas Platinum Credit Card

Some of the main features you’ll want to pay attention to include:

  • Annual fee. After the first year, you will be charged a standard annual fee of $169.
  • Interest rates. This card has a standard purchase interest rate of 20.49% p.a. and 21.99% p.a. on cash advances.
  • Interest-free days. If you pay your balance in full before the end of the statement period, you can take advantage of up to 55 interest-free days on purchases.
  • International transaction fee. You can use the card overseas, but keep in mind that there is an international transaction fee of 3%.

How to apply for Woolworths Qantas Platinum Credit Card

If you've compared your options and decided you want the Woolworths Qantas Platinum card, you can apply for it online. Before you do, confirm that you meet the eligibility requirements and can provide the necessary information before you start your application.

Eligibility criteria

  • You must be a permanent Australian resident.
  • You must be at least 18 years of age.
  • You must have a minimum taxable income of $30,000.
  • You must also have a good credit history.

Required documents

  • Proof of identity such as your driver's licence or passport
  • Evidence of income including recent payslips
  • Information about assets and liabilities, such as outstanding debts or dependents
  • If you have one, your current Woolworths Rewards number to link to the account.

Whether you're looking to consolidate a debt or earn reward points as you spend, the Woolworths Qantas Platinum Credit Card offers features for many types of cardholders. With a discounted annual fee and a balance transfer promotion, there are plenty of incentives for new cardholders to sign up. As this is not the only platinum rewards card on the market, potential cardholders would be better off comparing their options before settling for one card.

Frequently asked questions

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95 Responses

  1. Default Gravatar
    JeanMay 6, 2018

    We are going on holidays, 3 cruises and self-drive to England, Ireland, America and Caribbean. Can we use platinum card for insurance? We have paid airfares with the card.

    • finder Customer Care
      JeniMay 6, 2018Staff

      Hi Jean,

      Thank you for getting in touch with finder.

      With this card, you get comprehensive travel insurance including unlimited overseas medical emergency cover, interstate flight inconvenience cover and more. It also provides purchase security insurance and extended warranty insurance for shoppers.

      Please note that overseas travel insurance, interstate flight inconvenience insurance, transport accident insurance, purchase security insurance, extended warranty insurance, wallet guard insurance and global hire car excess waiver are underwritten by ACE Insurance Limited and are subject to the terms, conditions and exclusions contained in the Woolworths Qantas Platinum Credit Card policy of insurance between Macquarie Bank Limited and ACE.

      I hope this helps.

      Have a great day!

      Cheers,
      Jeni

  2. Default Gravatar
    MelMay 31, 2017

    I am going to purchase an overseas holiday using my Woolworths credit card in full. Do I have to complete the travel insurance forms that is complimentary with this card? If so where do I find them and are my children also covered in this policy?

    • Default Gravatar
      JonathanMay 31, 2017

      Hi Mel!

      Thanks for the comment.

      Family members are only covered if they are with you during the entire trip, as with most insurers’ requirements.

      It is best to contact them directly about the forms and other paperworks you would need.

      Hope this helps.

      Cheers,
      Jonathan

  3. Default Gravatar
    May 22, 2017

    1. To qualify for the 16000 Qantas bonus points, do you only have to make one eligible purchase by 31 July? Is there a minimum amount of purchase?
    2. What is the eligibility for international travel insurance?
    3. What is meant by “Interstate flight inconvenience cover”?
    4. Is there a rewards program fee on top of the annual fee of $169?
    5. Are self funded retirees eligible for the card?

    • finder Customer Care
      LouMay 31, 2017Staff

      Hi Charles,

      Thanks for your questions and here are the answers.

      1. To qualify for the 16,000 bonus points, one of the eligibility criteria is for you to make at least 1 eligible purchase by July 31. There is no minimum amount requirement for the purchase

      2. According to the complimentary travel insurance terms and conditions of this card, to be eligible, the total value of your return overseas travel ticket must be obtained prior to the commencement date of your trip by you by one of these methods:

      a. was paid using your Woolworths Money Qantas Platinum Credit Card Account, and/or
      b. was paid by redeeming your Qantas Points earned on the Woolworths Money Qantas Platinum Credit Card Account in exchange for Your return overseas travel ticket.
      Other eligibility criteria apply.

      3. Interstate flight inconvenience cover is available to Cardmembers who are on interstate Australian holiday of up to fourteen (14) days.

      4. You must be a member of the Qantas Frequent Flyer program to earn Qantas points. A joining fee applies for new Qantas memberships.

      5. Woolworths consider applicants who are retired. You need to provide the details of your gross annual income (before tax and including super) and provide your most recent superannuation statement.

      Cheers,
      Anndy

  4. Default Gravatar
    MaggieMay 11, 2017

    Hi, To be eligible for the Overseas travel insurance do the trip has to be paid with this card?
    Many thanks Maggie

    • finder Customer Care
      LouMay 11, 2017Staff

      Hi Maggie,

      Thanks for your question.

      You may be eligible to receive the complimentary travel insurance cover attached to your Woolworths Qantas Platinum Credit Card if prior to the commencement date of your trip, you obtained the total value of the return overseas travel ticket by one of the following methods:

      a. Charging to a Woolworths Money Qantas Platinum Credit Card Account, and/or
      b. Redeeming Qantas Points earned on the Woolworths Money Qantas Platinum Credit Card Account in exchange for Your return overseas travel ticket

      Other eligibility criteria apply.

      Cheers,
      Anndy

  5. Default Gravatar
    PeterApril 26, 2017

    Hi,
    I am a Woolworth employee, Do l need to pay an annual fee ?

    • finder Customer Care
      HaroldApril 27, 2017Staff

      Hi Peter,

      Thank you for your inquiry.

      Basically, with Woolworths Qantas Platinum Credit Card the annual fee on the card is $99 for the first year and a standard $169 annual fee will apply thereafter. If you have acquired this credit card, yes, you are still entitled to pay the annual fee for this card regardless you are an employee of Woolworths or not.

      I hope this information has helped.

      Cheers,
      Harold

  6. Default Gravatar
    HarrietDecember 1, 2016

    Is a part pensioner/self-funded retiree eligible for this card?

    • finder Customer Care
      LouDecember 2, 2016Staff

      Hi Harriet,

      Thanks for your question.

      Yes, as a pensioner, you may apply for Woolworths Money Qantas Platinum Credit Card and you’ll need to provide your most recent Centrelink statement to apply.

      You may also want to check out this page to see which credit card companies consider pensioneers and retirees.

      Please do note that other eligibility criteria apply.

      Cheers,
      Anndy

  7. Default Gravatar
    MattNovember 3, 2016

    I would like to apply for one of your cards

    • finder Customer Care
      MayNovember 3, 2016Staff

      Hi there,

      Thank you for your question.

      If you wish to apply for the Woolworths Money Qantas Platinum Credit Card, you can complete the secure online application form provided on the Woolworths website. You may also compare your other credit card options on this page. Please review the criteria and requirements before you submit your application through the website of the bank by clicking the green ‘Go to site’ button.

      I hope this helps.

      Cheers,
      May

  8. Default Gravatar
    ArpanaOctober 16, 2016

    Hi I am a employe of woolworths , do I need to pay annual fee for woolworths quants credit card ?

    • finder Customer Care
      MayNovember 4, 2016Staff

      Hi Arpana,

      Thanks for your question.

      If you have acquired the Woolworths Money Qantas Platinum Credit Card, yes, you’re still required to pay the annual fee for this card regardless you are an employee of Woolworths or not.

      Cheers,
      May

  9. Default Gravatar
    KarenOctober 15, 2016

    Hi, if I am overseas and need help with the credit card who would I call?

    • finder Customer Care
      YsaOctober 22, 2016Staff

      Hi Karen,

      Thanks for your question.

      For direct assistance, you can get in touch with the Woolworths customer service team on +61 2 8276 0144, while you’re overseas.

      I hope this helps.

      Cheers,
      Ysa

  10. Default Gravatar
    BrendanOctober 2, 2016

    The new deal from qantas states Woolworths Qantas Platinum Credit Card gives you 400000 points on eligible purchase. It does not state spend amount to receive this extra points do you know the amount you have to spend?

    • finder Customer Care
      MayOctober 2, 2016Staff

      Hi Brendan,

      Thank you for your question.

      The 40,000 Qantas points offer is available to new primary cardholders who apply for a Woolworths Money Qantas Platinum Credit Card between 30 September 2016 and 31 January 2017, are approved and make an eligible purchase on their Woolworths Money Qantas Platinum Credit Card by February 2017. There is no certain amount required for the eligible purchase. Eligible purchases exclude balance transfers, cash advances, cash substitutes and transactions for gambling purposes.

      Furthermore, the 40,000 Qantas Points will be allocated to your Qantas Frequent Flyer Account within 8 weeks of the eligible purchase, provided you are not in breach of the Conditions of Use and your account remains open.

      Cheers,
      May

Credit Cards Comparison

Rates last updated July 16th, 2018
Name Product Purchase rate (p.a.) Balance transfer rate (p.a.) Annual fee Product Description
Westpac Low Rate Card
13.49% p.a.
0% p.a. for 24 months with 1% balance transfer fee
$0 p.a. annual fee for the first year ($59 p.a. thereafter)
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19.74% p.a.
0% p.a. for 24 months with 2% balance transfer fee
$90 p.a.
finder Exclusive: Take advantage of 10% cashback with amazon.com.au for 12 months (capped at $25 per month).
American Express Westpac Altitude Platinum Bundle - Exclusive Offer
20.24% p.a.
$0 p.a. annual fee for the first year ($199 p.a. thereafter)
$0 first year annual fee & up to 90,000 bonus Altitude Pts when you meet T&C with this Visa (issued by Westpac) & Amex (issued & serviced by Amex).
Suncorp Clear Options Platinum Credit Card - Exclusive Offer
20.74% p.a.
0% p.a. for 18 months
$99 p.a. annual fee for the first year ($129 p.a. thereafter)
finder Exclusive: Receive a long 18-month, 0% p.a., no fee balance transfer and earn Suncorp Rewards Points or Qantas Points per $1 spent.

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