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Canstar took a close look at the Qantas Premier Platinum card’s main ins and outs, to help you compare it with other cards and consider whether it’s an appropriate option for your spending habits.
All the info provided below is correct as at the time of writing (20/02/2020). Please contact Qantas to verify current product information. Alternatively, to consider other credit cards in the market, you can visit Canstar’s comparison tables.
What you need to know about the Qantas Premier Platinum credit card
Qantas Premier Platinum credit card rates
- Purchase rate of 19.99% p.a.
- Cash advance rate of 21.99% p.a.
- Up to 55 days interest-free (no interest-free days apply if you have a balance transfer)
- 0% balance transfer rate for 18 months (when you apply by 28 May 2020. Rate reverts to the variable cash advance rate, which is 21.99% p.a. at the time of writing.)
Qantas Premier Platinum credit card fees
- Annual fee: $299
- Late payment fee: $30
- Overseas exchange fee: 3%
- Domestic cash advance fee: $3 for transactions under $100, 3% for transactions over $100
- International cash advance fee: $5
- Fee for additional cards: $50 per cardholder per year
- Dishonour fee: $15
- Paper statement fee: $2
- Over-the-counter fee (when transacting at an Australia Post outlet): $2.50
Qantas Premier Platinum credit card rewards details
Qantas Premier Platinum credit card customers gain access to the Qantas Frequent Flyer program, as well as other offers. Some benefits to cardholders include:
- Two Qantas Club lounge passes every year at eligible airports
- Save up to 20% on selected domestic flights for you and up to eight companions once a year when you book via the Qantas Premier Concierge phone service using your card
- Complimentary travel insurance, including medical emergency cover for up to $1,000,000 and travel cancellation cover for up to $20,000
- Access to the Qantas Premier Concierge service, which can help with travel arrangements, activities, medical issues, restaurant bookings and more
- Get 80,000 bonus Qantas points when you spend $5,000 or more on eligible purchases, within 90 days of approval when you apply before 28 May, 2020 – plus an additional 20,000 bonus points after your first anniversary of approval
Further terms and conditions may apply to these features. Consider checking these with Qantas before applying.
The Qantas Premier Platinum credit card has no earn cap for points, and at the time of writing earns:
| AU$1 spent | Qantas points earned |
| International purchases | 1.5 |
| Domestic spend (up to and including $10,000 per statement period) | 1 |
| Domestic spend (over $10,000 per statement period) | 0.5 |
| Money spent on Qantas goods and services | 1 additional point per AU$1 spent |
Source: Qantas as of 20 February, 2020. Check with Qantas for any other terms, conditions, exclusions or other eligibility criteria.
Qantas points can be spent on flights, travel upgrades, accommodation and consumer goods.
Qantas Premier Platinum credit card insurance
The card offers the following types of complimentary insurance at the time of writing:
- Overseas Travel cover, for risks such as cancellations, medical emergencies, delays, loss of baggage or personal effects, and personal liability
- Transport accident insurance – cover for injury loss of life resulting from an accident which occurred during travel
- Interstate flight inconvenience insurance – cover for delay or cancellation costs related to a domestic interstate flight
- Global hire car excess waiver cover – provides cover for any insurance excess you’d otherwise have to pay stemming from damage to or loss of a hire card
- Golfers’ insurance – cover for stolen or damaged golf clubs
Qantas says that exclusions, terms and conditions apply to the insurance that’s offered to primary cardholders (cover does not extend to supplementary cardholders, Qantas says). For example, if you book a holiday against medical advice, the travel insurance provided by the card may not cover you. As with any insurance product, it’s important to understand the inclusions and limitations of a policy before committing to it. For a full list of exclusions and other important information, see Qantas’s Complimentary Insurance Terms and Conditions document.
Qantas Premier Platinum credit card security features
Qantas says its Platinum card offers Mastercard Zero Liability fraud protection, as well as the ability to track your money in real time or lock your card using the Qantas Money app. Cardholders can also contact the Qantas Premier Concierge service at any time if assistance is required.
Qantas Premier Platinum credit card: Potential pros and cons
We’ve rounded up some features and conditions of the card you might find helpful, and some you might find less so, depending on your situation. But please note, we’re not making a recommendation one way or the other. When researching products, it’s important to think about your own circumstances and, if you do decide that a credit card is right for you, to choose one that suits your needs.
| What you might like | What you might want to look out for |
| Bonus points: Earn up to 100,000 bonus points in the first year. Qantas says the offer is open to new approved applicants who apply before 28 May, 2020. | Spending requirements: In order to earn the point bonus, you’ll need to spend $5,000 or more within 90 days, and on eligible purchases only (cash advances, balance transfers, refunds, chargebacks and special promotions are not included, for example). This might not be suitable for you individual spending habits. |
| No cap on points earned: This card doesn’t impose a limit on the number of Qantas points you can earn per statement period. | Reduced earn rates: While there’s no limit on the point you can earn, for money spent within Australia, once you have earned 10,000 points in any given statement period, your card’s point earn rate is cut in half for additional purchases. |
| Additional benefits: this card nets you two complimentary lounge invitations a year, and one 10% (economy class) or 20% (business class) discount on up to nine seats on one flight per year | Benefits come at a price: The card’s $299 ongoing annual fee means you would need to consider carefully whether the potential benefits you outweigh the cost of the card. |
| Information correct as of 28 February, 2020. | |
How to apply for a Qantas Premier Platinum Credit Card
To be eligible to apply for the card, Qantas says you must:
-
- Be over 18 years of age, an Australian resident and earn at least $35,000 p.a.
- Provide identification and address/contact details, plus income and employment information
- Agree to a credit limit of at least $6,000
Bear in mind that other eligibility criteria may apply. Consider checking these with Qantas before making an application.
In addition, before applying for a particular product, consider comparing this card with some of your options to ensure you’re getting a card which suits your situation and spending habits.