Woolworths Qantas Platinum Credit Card – Details and Review

Earn Qantas Points for your spending and save with a 0% p.a. balance transfer offer, discounted annual fee of $99 for the first year and 10% off one shop per month.

The Woolworths Qantas Platinum Credit Card offers a number of ways to cut credit card costs while being rewarded for your spending. You can transfer a high interest debt to the card and pay it down with an introductory balance transfer rate of 0% p.a. for up to 14 months. This card charges an annual fee of $99 in the first year, with a standard annual fee of $169 that applies thereafter.

In addition to saving on interest and fees, you'll also be eligible to save 10% off your shop (up to $50) once per month on selected dates. If you do not already have a Qantas Frequent Flyer membership, the Woolworths Qantas Platinum gives you a way to join without paying the usual signup fee, saving you $99.50. You'll also get comprehensive complimentary travel insurance and purchase security insurance when you use this card to pay for eligible purchases.

Product NameWoolworths Qantas Platinum Credit Card
Rewards ProgramQantas Frequent Flyer
Balance transfer rate0% p.a. for 14 months
Balance transfer revert rate
The interest rate that will apply to any remaining balance after the balance transfer term ends.
Cash Advance Rate (20.49% p.a.)
Purchase rate (p.a.) 20.49% p.a.
Offer end date31 October 2019
Annual fee$99 p.a. annual fee for the first year ($169 p.a. thereafter)
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.)20.49% p.a.
Min credit limit
This is the lowest credit limit you can be granted. It is possible to request a higher credit limit but not a lower one than this figure.
$6,000
Card TypeVisa
Foreign Currency Conversion Fee (VISA)
Charged when you make a transaction that is converted by Visa 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
Foreign Currency Conversion Fee (VISA)
Charged when you make a transaction that is converted by Visa 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
Cash Advance Fee$5 or 3% of the value of the transaction, whichever is the greater
Gambling Transactions AllowedNo
Additional Cardholder Fee$29

Pros

  • This card offers a promotional balance transfer of 0% p.a. for 14 months with no balance transfer fee.
  • Take advantage of a discounted annual fee of $99 for the first year.
  • Earn an additional Qantas point per $1 spent on selected Qantas products and services.
  • Save 10% off your shop once per month on selected dates.

Cons

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

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 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. You'll 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 $99.50.
  • 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. 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 at Woolworths 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.
  • Eligible for Apple Pay. Enjoy a convenient and secure way of making contactless payments using your iPhone and Apple Watch. Learn more about the Apple Pay feature here.

Standard and platinum Woolworths credit cards

If you’re approved for a credit limit of less than $6,000, you’ll be issued with a Woolworths Everyday credit card instead of a Woolworths Qantas Platinum card. This means you won’t be entitled to platinum benefits.

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 variable purchase interest rate of 20.49% p.a. and 20.49% 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

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 Terms of Use, Disclaimer & Privacy Policy and Privacy & Cookies Policy.

97 Responses

  1. Default Gravatar
    AndrewOctober 16, 2018

    I am enquiring about the “Platinum Perk” of entitling to fuel discounts. How is this discount achieved? Is it when you redeem points for $10 credit, or is there another discount achieved?

    • Avatarfinder Customer Care
      JhezOctober 16, 2018Staff

      Hi Andrew,

      Thank you for your comment.

      One of the advantages of using the Woolworths Platinum Credit Card is that you also will get access to some special perks. As for the fuel perks, you get to earn 2 points for every $1 spent on products purchased at CALTEX WOOLWORTHS co-branded fuel outlets. Minimum of 4,000 points is required to receive a $20 Shopping Card. More perks are found on the Woolworths card website.

      Should you wish to have real-time answers to your questions, try our chat box on the lower right corner of our page.

      Regards,
      Jhezelyn

  2. 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.

    • Avatarfinder 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

  3. 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

  4. Default Gravatar
    CharlesMay 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?

    • Avatarfinder Customer Care
      DeeMay 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

  5. 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

    • Avatarfinder Customer Care
      DeeMay 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

  6. Default Gravatar
    PeterApril 26, 2017

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

    • Avatarfinder 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

  7. Default Gravatar
    HarrietDecember 1, 2016

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

    • Avatarfinder Customer Care
      DeeDecember 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

  8. Default Gravatar
    MattNovember 3, 2016

    I would like to apply for one of your cards

    • Avatarfinder 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

  9. Default Gravatar
    ArpanaOctober 16, 2016

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

    • Avatarfinder 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

  10. Default Gravatar
    KarenOctober 15, 2016

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

    • Avatarfinder 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

Credit Cards Comparison

Rates last updated July 22nd, 2019
Name Product Purchase rate (p.a.) Balance transfer rate Annual fee Product Description
Citi Clear Platinum Credit Card
12.99% p.a.
0% p.a. for 14 months
$0 p.a. annual fee for the first year ($99 p.a. thereafter)
Offers a long-term balance transfer and $0 first year annual fee. Plus, insurance covers and Citibank Dining Program perks.
ME frank Credit Card
11.99% p.a.
$0 p.a.
Save money with an ongoing $0 annual fee, the same low 11.99% p.a. interest rate on purchases and cash advances, and up to 55 days interest free.
Virgin Australia Velocity Flyer Card - Annual Fee Offer
20.74% p.a.
0% p.a. for 18 months
$50 p.a.
Save with an ongoing $50 annual fee and 0% balance transfer offer. Plus, the ability to earn up to 30,000 bonus Velocity Points in the first 3 months.
Latitude Low Rate Mastercard
11.99% p.a.
$69 p.a.
Offers a competitively low interest rate and annual fee, plus up to 55 interest-free days on purchases.

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