Woolworths Qantas Platinum Credit Card

Earn Qantas Points as you spend and save with a balance transfer offer, $99 first year annual fee and 10% off one shop per month.

Offering Qantas Points on purchases, Woolworths discounts and complimentary insurance covers, the Woolworths Qantas Platinum gives cardholders plenty of benefits and perks.

You can transfer a debt and pay it down with an introductory balance transfer rate of 0% for up to 14 months. You’ll save with the first year annual fee of $99, which reverts to $169 p.a. after that.

You'll also be eligible to get 10% off your Woolworths shop (up to $50) once per month on selected dates. You can travel and spend with peace of mind thanks to comprehensive complimentary travel insurance and purchase security insurance when you use this card to pay for eligible purchases.

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Sally McMullen

Last Updated Jun 17, 2020

0% p.a.

Balance transfer rate

for 14 months

20.49% p.a.

Purchase rate

Reward point

Per $ spent

$99 p.a.

Annual fee

for the first year ($169 p.a. thereafter)

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Details

Product Name	Woolworths Qantas Platinum Credit Card
Rewards program	Qantas Frequent Flyer
Balance transfer rate	0% p.a. for 14 months
Balance transfer revert rate	Cash Advance Rate (20.49% p.a.)
Purchase rate	20.49% p.a.
Annual fee	$99 annual fee for the first year ($169 p.a. thereafter)
Interest-free period	Up to 55 days on purchases
Cash advance rate	20.49% p.a.
Min credit limit	$6,000
Card type	Visa
Foreign currency conversion fee	3%

Minimum income	$30,000
Available to temporary residents	No
Joint application	No

Pros

This card offers a promotional balance transfer of 0% 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

After the promotional balance transfer period, any balances remaining will accrue interest at the variable cash advance rate (currently 20.49% p.a.)

Rewards program	Qantas Frequent Flyer
Bonus points	N/A
Rewards points per $ spent	1

Annual fee	$99 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
Foreign currency conversion fee	3%
Cash advance fee	3% or $5, whichever is greater
Additional cardholder fee	$29

Review by

Sally McMullen

sally.mcmullen@finder.com.au

Sally McMullen is a creative content producer at Finder. Sally has written about credit cards for almost 5 years, authoring almost 900 articles on Finder alone. She has also been published in Yahoo Finance, Dynamic Business, Financy and Mamamia, as well as Music Feeds and Rolling Stone. Sally has a Bachelor of Communication and Media Studies majoring in Journalism (Hons) from the University of Wollongong.

Expert review

The Woolworths Qantas Platinum Credit Card combines the features of a balance transfer card with a premium frequent flyer product. The length of the 0% balance transfer offer is mid-range when compared to other offers, but it doesn’t charge a balance transfer fee which is a plus.

While the balance transfer feature can help you save on interest costs, the frequent flyer program and shopping perks reward you when you spend. The earn rate is particularly competitive if you regularly shop at Woolworths. Unlike some other platinum frequent flyer cards, this doesn’t currently offer any bonus points on signup.

You won’t earn points on the balance transfer and the Qantas Frequent Flyer program may tempt you to spend, so it’s important to consider what you want out of the card and which features you’re most likely to use.

How to apply

You can apply for the Woolworths Qantas Platinum credit card online, but make sure you meet the eligibility criteria and have the necessary information ready before you get started.

Eligibility criteria

Minimum income. You must earn a minimum taxable income of $30,000 p.a.
Residency. Applicants must be a permanent Australian resident.

New cardholder. The reduced annual fee is only available to new customers and you can only balance transfer debts from non-Macquarie accounts.
Credit history. You must have a good credit history and score. You can get a free copy of your comprehensive credit report and credit score through Finder.
Age. You must be at least 18 years old to apply.

Required documents

Personal information. Including your full name, date of birth, contact details, marital status and number of dependents.
Proof of identity. You'll be asked to provide proof of identity including your Australian driver's licence, passport or Medicare card.
Finances. You'll be asked to confirm your income and include copies of recent payslips or bank statements.
Employment. This includes your place of employment, role and your employer's contact details.
Frequent flyer number. If you already have a Qantas Frequent Flyer account, you'll need to include your membership number so your points can be debited to your account.
Balance transfer details. If you're conducting a balance transfer, you'll need to include how much you're transferring and details regarding the account you're moving the debt from.

Card benefits

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.

Low balance transfer. If you need to repay existing debt, you can do so and save with 0% p.a. interest on balance transfers for 14 months. Any remaining debt at the end of the promotional period will attract the variable cash advance rate. You can transfer a minimum of $500 from Australian credit or store cards not issued by Macquarie. Please note that you won't earn Qantas Points on balance transfers.
Shopping discounts. Get 10% off your shopping at Woolworths on selected dates once per month, saving you up to $50.
Complimentary insurance. When you use the card to pay for eligible travel expenses, you'll 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. See the complimentary insurance policy booklet for the eligibility requirements, exclusions and other terms and conditions.
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.

Rates & fees

Annual fee. Outside of any promotions, this card charges a standard annual fee of $169.
Purchase interest rates. This card has a variable purchase interest rate of 20.49% p.a.

Cash advances. If you use this card for cash advances, such as ATM withdrawals, you'll collect the 20.49% p.a. cash advance interest rate and the cash advance fee of $5 or 3% of the value of the transaction, whichever is the greater.
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 where Visa is accepted, but there is an international transaction fee of 3%.
Additional cardholders. You can request additional cardholders but you'll be charged a $29 fee each year per card.

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97 Comments

Andrew
October 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?

finder Customer Care

Jhez
October 16, 2018

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

Jean
May 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

Jeni
May 6, 2018

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

Mel
May 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?

Jonathan
May 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

Charles
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

Dee
May 31, 2017

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

Maggie
May 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

Dee
May 11, 2017

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

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