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. 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. Connected with the Qantas Frequent Flyer program, you can earn 1 point for every $1 spent at Woolworths Group stores and 0.5 points per $1 spent on all other eligible purchases.
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 Name | Woolworths Qantas Platinum Credit Card |
|---|---|
| Rewards Program | Qantas 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 date | 30 June 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 Type | Visa |
| 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 Insurance | Yes |
| Minimum Income | $30,000 |
|---|---|
| Minimum Age | 18 years of age |
| Available To Temporary Residents | No |
| Joint Application | No |
| Annual fee | $99 p.a. annual fee for the first year ($169 p.a. thereafter) |
|---|---|
| Minimum Monthly Repayment | 2.5% 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% |
| Gambling Transactions Allowed | No |
| Additional Cardholder Fee | $29 |
Pros
- This card comes with a promotional balance transfer offer of 0% p.a. for 14 months.
- Take advantage of a discounted annual fee for the first year.
- You can enjoy an interest-free period of up to 55 days on eligible purchases.
- 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 Program | Qantas Frequent Flyer |
|---|---|
| Rewards Points per $ spent (VISA/MC) | 1 |
Woolworths Qantas Platinum Credit Card review
This card provides an extended balance transfer offer which can be used for consolidating debt. The card also has a rewards program earning 1 Qantas Point for every dollar spent on eligible purchases at Woolworths and Woolworths Group stores and 0.5 points elsewhere. The points do not have an expiry period which allows customers to collect points over a longer period and then use them for making an expensive purchase or funding their dream vacation. It also provides platinum services at an annual fee of $99 for the first year ($169 p.a. thereafter).
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 annual fee. New customers can look forward to a discounted annual fee of $99 for the first year and then $169 p.a. onwards.
- Rewards program. Cardholders earn 1 Qantas Point for every dollar spent at Woolworths and Woolworths group stores. All other eligible purchases earn 0.5 Qantas Points per dollar spent. 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. Offer ends on 30 June 2018.
- 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.
- 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.
- 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:
- Interest rate. This card has a standard purchase interest rate of 20.49% p.a. and 21.99% p.a. on cash advances.
- International transaction fee. You can use the card overseas, but keep in mind that there is an international transaction fee of 3%.
- Woolworths online. When you shop at Woolworths, you can receive a saving of 10% every time you make a purchase at any Woolworths supermarket or online from 12:01am (AEDT) on the selected Saturday of each month until 11:59pm (AEDT) on the Sunday of the selected weekend each month.
- payWave system. This card comes enabled with a Visa payWave, which allows you to simply wave your card on a contactless reader and pay for your transactions under $100.
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
- Applicants must be an Australian resident.
- They should be above 18 years of age.
- They should have a minimum taxable income of $30,000.
- Applicants 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
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.
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.
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
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?
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
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?
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
Hi, To be eligible for the Overseas travel insurance do the trip has to be paid with this card?
Many thanks Maggie
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
Hi,
I am a Woolworth employee, Do l need to pay an annual fee ?
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
Is a part pensioner/self-funded retiree eligible for this card?
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
I would like to apply for one of your cards
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
Hi I am a employe of woolworths , do I need to pay annual fee for woolworths quants credit card ?
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
Hi, if I am overseas and need help with the credit card who would I call?
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
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?
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