Qantas Premier Platinum Mastercard

A highly competitive offer featuring 80 bonus Status Credits, 80,000 bonus Qantas Points and plenty of travel perks.

When you apply by 29 September 2021 and spend $4,000 on eligible purchases within the first 3 months, you’ll earn 80,000 bonus Qantas Points. And when you make an eligible purchase by 31 October 2021, you’ll also get 80 bonus Status Credits. It offers a discounted first-year annual fee of $225, but with a regular annual fee of $299 p.a., you'll want to make sure you get enough value from all the available features.

The Qantas Premier Platinum also offers complimentary travel insurance, two airport lounge invitations per year and a discount offer on selected domestic companion fares once a year. Plus, a balance transfer offer - but you'll likely want to sort your debt before taking up a card with a relatively high annual fee and a spend requirement for rewards.

1.0 ★★★★★ (1 review) Write a review

Amy Bradney-George

Last Updated Sep 15, 2021

80,000

Bonus points

19.99% p.a.

Purchase rate

Reward point

Per $ spent

$225 p.a.

Annual fee

for the first year ($299 p.a. thereafter)

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Details

Product Name	Qantas Premier Platinum
Rewards program	Qantas Frequent Flyer
Balance transfer rate	0% p.a. for 18 months with 1% balance transfer fee
Balance transfer revert rate	Cash Advance Rate (21.99% p.a.)
Balance transfer limit	80% of available limit
Purchase rate	19.99% p.a.
Annual fee	$225 annual fee for the first year ($299 p.a. thereafter)
Interest-free period	Up to 55 days on purchases
Cash advance rate	21.99% p.a.
Min credit limit	$6,000
Card type	Mastercard
Foreign currency conversion fee	3%

Minimum income	$35,000
Available to temporary residents	No
Joint application	No

Pros

80,000 bonus Qantas Points
80 bonus Status Credits
Balance transfer offer of 0% p.a. for 18 months
Discounted $225 first-year annual fee

Cons

Charges a one-time 1% BT fee
The standard $299 annual fee is relatively high
You will not get interest-free days on purchases if you’re carrying a balance transfer debt

Rewards program	Qantas Frequent Flyer
Bonus points	80,000
Rewards points per $ spent	1
Rewards points cap	Uncapped

Annual fee	$225 annual fee for the first year ($299 p.a. thereafter)
Minimum monthly repayment	2% of the closing balance or $30, whichever is greater
Late payment fee	$30
Foreign currency conversion fee	3%
Cash advance fee	3% or $3, whichever is greater
Overseas cash advance fee	$5
Additional cardholder fee	$50
Number of additional cardholders	4

Go to Qantas Money's site More info

Review by

Amy Bradney-George

[email protected]

Amy Bradney-George has been writing about personal finance for more than 13 years – including over 600 articles as a senior writer for Finder. Her work has also appeared in publications including Money Magazine, The Sydney Morning Herald, Financy, ABC News Australia and Equity Magazine. Amy has a Bachelor of Arts in Journalism and Drama from Griffith University.

Expert review

Right now the Qantas Premier Platinum is one of the only credit cards that offers bonus Qantas Status Credits and bonus Qantas Points. To give you an idea of the value, you’d earn 80 Status Credits for a one-way business class flight from Sydney to Perth – which could cost hundreds of dollars. With the bonus points, you’d have enough for a return business class flight between Melbourne and Sydney (83,000 points plus fees and taxes) – because spending $4,000 on eligible purchases would give you an extra 4,000 Qantas Points. Or you could get $375 worth of Woolworths digital gift cards (77,700 points for a combination of $250, $100, and $25 gift cards).

This card also has the benefit of a discounted first-year annual fee and a 0% p.a. balance transfers for the first 18 months (with a one-time 1% balance transfer fee). However, if you’ve got a balance to transfer, paying it off should be your focus before chasing bonus points. And there are other cards with more competitive balance transfer offers. In addition to these features, this card is packed with extra perks like Qantas Lounge invitations, complimentary travel insurance and discounts on companion flights.

How to apply

You can apply for the Qantas Premier Platinum online in 10 minutes. Before you apply, check if you meet the eligibility criteria and that you have the necessary information to complete the application:

Eligibility criteria

Income. You must earn at least $35,000 per year to apply for this card.
Current Qantas Premier cardholder status. You won't be eligible to apply for this offer if you are the primary cardholder of another Qantas Premier credit card account or have held one in the previous 12 months.

New cardholder. The bonus points and bonus status credits are only available to new cardholders who apply and get approved during the offer period.
Qantas Frequent Flyer Membership status. You must be a current Qantas Frequent Flyer member to apply for this card. If you're not a member, you can join for free upon application.
Residency. You must be an Australian citizen or permanent resident to apply for this credit card. You also need to have an Australian residential address and mobile phone number.
Age. You must be at least 18 years old to apply for a credit card in Australia.
Eligible balance transfer debt. If you are planning to take advantage of the balance transfer, you can transfer up to 80% of your available credit limit from up to 4 Australian accounts not issued by Citigroup.

Required documents

Personal details. This includes your full name, date of birth, residential address, email address and a contact number.
Identification. This includes your driver's licence, passport or Medicare number. Usually a driver's licence is preferred.
Employment. Provide details of your current employer, role, salary and your employer's contact details. You may also be asked to submit recent payslips or your work agreement as supporting documentation. If you're self-employed, you should provide details of your tax accountant and recent Tax Assessment Notices.
Finances. Provide information about any other assets (such as savings and investments) and debts (such as existing cards or loans). You'll also be asked to estimate your regular expenses for essentials such as food, housing and utilities.
Balance transfer details. You must provide the name of the financial institution, BPAY reference number and the amount you want to transfer available.

Go to Qantas Money's site More info

Card benefits

80,000 bonus Qantas Points. Earn 80,000 bonus points when you apply as a new cardholder and get approved for a Qantas Premier Platinum by 29 September 2021 and spend at least $4,000 on eligible purchases within the first 3 months of card approval. Eligible purchases include most everyday spending but exclude things like cash advances, balance transfers, BPAY payments and government related transactions. Your bonus points will be credited to your account within 6 to 8 weeks of meeting the spend requirement.
Bonus Status Credits. You'll also get 80 bonus Status Credits when you make an eligible purchase by 31 October 2021.

Discounted first-year annual fee. Apply by 29 September 2021 and you will save $74, thanks to $225 first-year annual fee ($299 p.a. thereafter).
Qantas Points per $1 spent. You'll earn 1 Qantas Point per $1 spent on eligible purchases in Australia up to $10,000 per month (0.5 points per $1 spent after that), with 1 additional Qantas Point per $1 spent on Qantas flights, Qantas Club membership and purchases through the Qantas Store – meaning you can earn up to 2 points per $1 spent with this card. You'll also earn 1.5 points per $1 spent overseas.
Discounted companion flight offer. Use the Qantas Premier Concierge service for your flight booking and you can enjoy up to 20% off selected domestic companion flights once per year. This offer is available for you and up to 8 companions as long as you travel together on the same booking number, day and flight(s).
Airport lounge invitations. Travel in style with two single-entry complimentary lounge invitations each year on your card anniversary. These passes can be used at domestic Qantas Club lounges or Qantas-operated International Business Lounges (excluding Los Angeles Tom Bradley Terminal International Business Lounge).
Complimentary travel insurance. Enjoy peace of mind on your overseas trips with complimentary travel insurance issued by Chubb Insurance Australia Limited under a Master Policy with Citigroup Pty Limited.
Balance transfer offer. This card offers 0% p.a. interest on balance transfers for the first 18 months when you apply by 29 September 2021 (a one-time 1% balance transfer fee applies). When the introductory period ends, any balance remaining from the transfer will accrue interest at the 21.99% p.a. cash advance rate. Note that if you have an existing balance transfer debt, you won't be eligible for interest-free days on purchases.
Concierge service. Your dedicated concierge can help you with anything from travel bookings to restaurant recommendations, hotel reservations and event tickets.
Mobile payment technology. You can link your Qantas Money credit card with Apple Pay to make contactless payments using your Apple device at the checkout.

Rates & fees

Annual fee. Outside of any promotions, this card charges a standard annual fee of $299.
Purchase rate. The variable purchase interest rate for this card is 19.99% p.a.

Interest-free days. Pay your balance in full by the due date on each statement and you can enjoy up to 55 days interest-free on purchases. Please note that interest-free days do not apply when you carry a balance transfer debt.
Cash advance rate. If you use this card for cash advance transactions, an interest rate of 21.99% p.a. will apply. You will also be charged a domestic cash advance fee of 3% of transaction amount or $3 (whichever is greater), or $5 if you're overseas.
Additional cardholder. You can earn more points and manage your family spending by requesting up to 4 additional cardholders. A fee of $50 per year applies for each supplementary card you add to your account. Note that you will also be responsible for keeping the account in good standing if you share your account with any additional cardholders.

Go to Qantas Money's site More info

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Qantas Premier Platinum Mastercard