Qantas Premier Platinum Credit Card

Pauline Hatch

Pauline is a personal finance expert at CreditCard.com.au, with 8 years in money, budgeting and property reporting under her belt. Ask Pauline a Question about this card.

The Qantas Premier Platinum Credit Card with 80,000 Bonus Qantas Points

Prestige cards can vary greatly in their offerings. Some provide only a handful of convenient features, while others are jam-packed with extras. After checking out the Qantas Premier Platinum Credit Card, we’d have to say this card definitely falls into the latter category.

As a platinum rewards card, it offers a great earn rate, plus, new cardholders can benefit from 80,000 bonus Qantas Points, discounted annual fee in the first year, and 0% p.a. on balance transfers for 18 months. And we haven’t even started on all those lovely extras!

What we love...

First up, is the introductory bonus points offer. If you apply by 29 September 2022 for a new Qantas Premier Platinum Credit Card you can get 80,000 bonus Qantas Points when you spend $3,000 or more on eligible purchases within 3 months from card approval. These points can be spent in the Qantas Store on more than 3,000 products, experiences, vouchers, or on flights and upgrades, potentially getting you from Sydney to Auckland, New Zealand for 20,000 points, or from Adelaide to Port Macquarie for 18,000 points. Point calculations accurate at the time of publishing (which may be subject to change without notice). All routes may have additional taxes and charges.

Next, the balance transfer offer. If you have existing credit card debt that you want to pay off, you could transfer it to the Qantas Premier Platinum Credit Card to enjoy 0% p.a. on balance transfers for 18 months. 1% balance transfer fee applies.

Now, let’s move on to some of those fancy features and extras. As a cardholder, you will receive two invitations per year to selected Qantas Lounges, complete with complimentary food, beverages, and Wi-Fi. You can also enjoy discounted companion fares, where once a year, you can save up to 20% on selected domestic flights for you and up to eight companions.

On top of that, you could benefit from six months interest-free on your first purchase of selected Qantas products and services, plus complimentary travel insurance for travel booked using your card. Insurance covers include Trip Cancellation and Amendment Cover, Transport Accident Cover, Rental Vehicle Excess Cover, and more.

What’s not so great...

When applying for a card such as the Qantas Premier Platinum Credit Card, it’s worth bearing in mind how much it will cost you. For the first year you'll pay $225 - that's a saving of $74. The annual fee for each year is significant at $299, plus, for each additional cardholder, you will pay $50 per year.

It’s also worth taking note of the earn rate on the card, as the domestic spend is tiered, so that you earn 1 Qantas Point per $1 up to $10,000 per statement period, then 0.5 Qantas Point per $1 thereafter.

Why should you choose this card?

The Qantas Premier Platinum Credit Card obviously has plenty to offer – and if you take advantage of its features and rewards, it may be worth the outlay. In terms of rewards, you can earn 1.5 Qantas Points per $1 on your international spend, 1 Qantas Point per $1 spent in Australia up to $10,000 per statement period, and 0.5 Qantas Points per $1 thereafter.

You can also benefit from 1 additional Qantas Point per $1 spent on selected Qantas products and services, and there’s no points capping at home or overseas. Some other benefits worth mentioning include the Qantas Premier Concierge service, access to the Qantas Money app, and up to 55 days interest free on purchases.

Overall Rating

A platinum rewards card with excellent features and a great earn rate. It currently offers 80,000 bonus points when you spend $3,000 or more on eligible purchases within 3 months from card approval. Plus, you can enjoy 0% p.a. on balance transfers for 18 months and save $74 off the annual fee in the first year. Offer ends 29 September 2022.