- Current bonus offer: Earn 125,000 bonus Qantas Points when you spend $10,000 on eligible purchases within 90 days of approval. T&Cs apply.
- Rich Qantas Points earn rates: Up to 1.5 Qantas Points per $1 on selected travel, dining and international spend, plus solid earn at major supermarkets, petrol outlets and national retailers.
- Generous lounge access: 15 Priority Pass lounge visit entitlements per membership year can be shared between you and accompanying guests, adding comfort to regular travel.
- Valuable hotel and ride-share perks: The 4th Night on Us Luxury Escapes benefit (up to $1,000 per booking, up to four times per year) and annual Uber Premier $100 cashback can significantly offset the annual fee for frequent users.
- Comprehensive protection: Complimentary overseas travel insurance, purchase cover, extended warranty, rental vehicle excess cover and mobile phone insurance provide strong peace of mind when eligibility requirements are met.
- Premium travel offers: Ongoing discounts with partners such as Luxury Escapes, Expedia and Wotif on eligible bookings can deliver extra savings for regular travellers.
- No points expiry while in good standing: Points earned via the card do not expire while your account remains open and in good standing, making it easier to save for big redemptions.
Hi, I’m a personal finance expert who loves to help you out! I’ll answer your question within a business day. Pinky swear.
American Express Qantas Business Rewards Card
130,000 bonus Qantas Points
Spend $3,000 in the first 2 months. New Card Members only. T&Cs apply.
MyCard Credit Cards
MyCard Prestige Qantas
Updated 26 January 2026
If you’re looking for a top-tier Qantas Points card with serious travel perks, the MyCard Prestige Qantas Credit Card sits at the premium end of the spectrum. With elevated Qantas Points earn rates on travel, dining and international spend plus lounge access, hotel credits, complimentary insurance and a current 125,000 bonus Qantas Points offer for spending $10,000 within 90 days, it’s built for frequent travellers who can put significant spend through their card and pay it off in full.
Terms and conditions apply.
Points Earn Rate (per $1 spent)
1.5 points
QantasRewards Program
Qantas Frequent Flyer
Bonus Points
125,000 pts
when you spend $10,000 on eligible purchases within 90 days
Pros and cons
- The $749 p.a. annual fee is high, so you need to maximise lounge visits, hotel credits, cashback and insurances each year to get full value.
- Purchase and cash advance rates above 22% p.a. make this card unsuitable for carrying a balance — it’s designed for cardholders who pay off in full each month.
- A 3.5% foreign transaction fee reduces the appeal of using the card overseas, even with the higher international Qantas Points earn rate.
- The minimum credit limit of $20,000 targets higher-income or higher-spend customers and may be more credit than some users are comfortable with.
- The tiered earn structure, based on merchant type and location, adds complexity and may make it harder to predict your exact points haul.
- Rewards are locked to Qantas Points, so if you prefer flexible bank rewards or other airline programs, this card may not suit your strategy.
Creditcard.com.au review
Editor Review
MyCard Prestige Qantas
Pauline Hatch
Pauline is a personal finance expert at CreditCard.com.au, with 9 years in money, budgeting and property reporting under her belt. Ask Pauline a Question about this card.
Overall Rating
The MyCard Prestige Qantas Credit Card is a fully-fledged premium travel card. The current offer of 125,000 bonus Qantas Points, alongside ongoing high Qantas Points earn rates, generous lounge access and valuable extras like 4th Night on Us and Uber Premier cashback, makes this a compelling choice for frequent travellers. Balance transfer promotion at 0% p.a. for 6 months adds flexibility for managing existing balances.
However, the card’s benefits are very much “use it or lose it”. If you don’t take advantage of the lounge visits, hotel credits, insurance and partner discounts, the $749 annual fee is hard to justify — especially given the high interest rates and foreign transaction fee.
What I Love About the MyCard Prestige Qantas Credit Card
Current bonus offer: 125,000 bonus Qantas Points when you spend $10,000 on eligible purchases within 90 days from approval provides a strong incentive to maximise early spend.
Serious Qantas earn power: The ability to earn up to 1.5 Qantas Points per $1 on key categories like travel, dining and international spend makes this card attractive for Qantas loyalists funnelling their everyday and travel spend through one account.
Airport lounge comfort: 15 Priority Pass visits per year (for you and accompanying guests) meaningfully enhance the airport experience and can, on their own, cover a large chunk of the annual fee if used regularly.
Real-world perks: The 4th Night on Us benefit and annual Uber Premier cashback are perks that many regular travellers will naturally use, rather than theoretical extras that look good on paper but rarely get redeemed.
Strong protection package: A broad suite of complimentary insurances, including overseas travel and mobile phone cover, adds peace of mind as long as you meet the eligibility requirements and understand the limits and exclusions.
What’s Not So Great
The main drawback is cost. The high annual fee and above-average interest rates mean this is not a “set and forget” card for casual users — it’s a product you actively work to get value from. If you don’t fly often, aren’t excited about lounge access or don’t regularly book longer hotel stays, a cheaper Qantas or rewards card could make more sense.
The 3.5% foreign transaction fee also dampens the appeal for spending overseas, even though international purchases earn at the highest points rate. And with multiple earn tiers depending on merchant category and location, you may need to keep an eye on what’s earning what to avoid disappointment.
Who Suits the MyCard Prestige Qantas Credit Card?
This card best suits:
- High-income Qantas Frequent Flyer members who travel frequently for work or leisure.
- Cardholders who book flights and hotels directly with major airlines and hotel chains.
- People who will use lounge access, hotel perks, Uber cashback and insurance every year.
- Disciplined spenders who pay their balance in full each month to avoid interest.
If you fit that profile and you’re comfortable with the $749 annual fee, the MyCard Prestige Qantas Credit Card can deliver strong Qantas Points earning potential and a noticeably more comfortable travel experience.
Verdict: MyCard Prestige Qantas Credit Card
Best for: Qantas Frequent Flyer members who travel often, charge high annual spend to their card and can fully use lounge access, hotel credits, cashback and insurance while paying their balance in full.
Why we like it: It offers a powerful mix of high Qantas Points earn rates and tangible, premium travel perks. Used strategically, the value from lounge visits, hotel nights, ride-share credit and insurance can outweigh the annual fee.
Consider if: You’re comfortable with a high annual fee in exchange for richer benefits and you’re focused on building or maintaining a healthy Qantas Points balance.
Not ideal for: Occasional travellers, low-spend users, or anyone who prefers low-fee or low-rate cards without complex rewards structures.
User reviews
Rates and fees
Interest rates
Purchase rate 22.49% p.a.
Cash advance rate 22.99% p.a.
Interest free period on purchases up to 44 days
Credit limits
Minimum credit limit $20,000
Maximum credit limit $100,000
Fees & repayments
Annual fee $749 p.a.
Additional cardholder fee Up to 4 – $0 p.a. each
Foreign transaction fee 3.5%
Minimum repayment
Cash advance fee 3.5% or $3.50 (whichever is greater)
Late payment fee $30
Rewards and points
Rewards program
Rewards Program 
Qantas Frequent Flyer
Bonus points 125,000 points
Annual points cap uncapped
Bonus points spend criteria when you spend $10,000 on eligible purchases within 90 days
Earning points with this card
Qantas Rewards points 1.5 points per $1 spent
Points cap per month N/A
Overseas earn rate 1.5 points per $1 spent
Additional features
Complimentary insurance
International Travel Insurance Yes
Flight Inconvenience Insurance No
Transit Accident Insurance No
Smartphone Screen Insurance Yes
Purchase Protection Insurance Yes
Extended Warranty Insurance Yes
Rental Vehicle Excess In Australia Insurance Yes
Extras
Personal concierge service via Mastercard® Travel & Lifestyle Services
Access to MyCard Instalment Plans on eligible purchases (subject to approval and T&Cs)
Partner discounts with Luxury Escapes, Expedia and Wotif on eligible hotel and tour bookings (offer periods and caps apply)
Pay with Points functionality across eligible MyCard products (where applicable under MyCard Rewards terms)
Overview
MyCard Prestige Qantas
The MyCard Prestige Qantas is described by the issuer as its highest Qantas Points earning card, combining a premium earn rate with travel perks such as airport lounge access, hotel benefits and concierge support. It charges a high annual fee in exchange for these extras and has a minimum credit limit of $20,000.
Key features
- Bonus offer: 125,000 Qantas Points when you spend $10,000 on eligible purchases within 90 days from approval. T&Cs apply
- Balance transfer offer: 0% p.a. for 6 months on Balance Transfers. No Balance Transfer Fee applies; rate reverts to Cash Advance rate after promotional period
- Purchase rate: 22.49% p.a. (ongoing retail purchases)
- Annual fee: $749 p.a.
- Cash advance rate: 22.99% p.a.
- Interest-free days: Up to 44 days on retail purchases when you pay your balance in full (and no balance transfer applies)
- Qantas earn rate – domestic: 1.5 Qantas Points per $1 on eligible spend made and booked directly with major airlines, hotel chains, restaurants, travel agencies and travel aggregators; 1 Point per $1 at major petrol outlets, supermarkets and national retailers; 0.5 Points per $1 on other eligible domestic transactions
- Qantas earn rate – international: 1.5 Qantas Points per $1 on eligible international spend
- Minimum credit limit: $20,000
- Maximum credit limit: $100,000 (subject to approval)
- Airport lounge access: 15 complimentary Priority Pass™ lounge visit entitlements each 12-month period for the primary cardholder and accompanying guests from a shared pool (T&Cs apply)
- Hotel benefit: “4th Night on Us” with Luxury Escapes – receive a credit for one night (up to $1,000 per redemption), up to four times per calendar year when you book four consecutive nights (T&Cs apply)
- Ride-share perk: Uber Premier $100 cashback once per calendar year when you spend AUD $100+ in one eligible Uber ride transaction in Australia using your card (T&Cs apply)
- Complimentary insurances: Overseas travel insurance, purchase cover, extended warranty and rental vehicle excess cover when you meet eligibility criteria and pay for eligible items with your card
- Mobile phone insurance: Complimentary cover for eligible postpaid mobile plans paid with your card (T&Cs, limits and exclusions apply)
- Additional cardholders: Up to 4 additional cardholders for $0 per year each (must be at least 16 years old)
- Foreign transaction fee: 3.5% of the Australian dollar transaction amount on overseas and foreign-currency transactions
- Late payment fee: $30
- Domestic cash advance fee: 3.5% of the transaction amount (minimum charge $3.50)
- International cash advance fee: $5 per transaction
- Paper statement fee: $2 per month
- Over-the-counter transaction fee (Bank@Post): $2.50 per transaction
Minimum criteria to apply for this card
You have your personal details ready to complete the online application
Pauline is a personal finance expert at CreditCard.com.au, with 9 years in money, budgeting and property reporting under her belt. Pauline is passionate about seeing Aussies win by making their money – and their credit cards – work smarter, harder and bigger
Recently Asked Questions
Something you need to know about this card? Ask our credit card expert a question.
Ask a question
Annemieke
14 February 2026Pauline
17 February 2026