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Qudos Bank Platinum Credit Card
Qudos Bank Platinum Credit Card

Qudos Bank Credit Cards

Qudos Bank Platinum Credit Card

Updated 5 August 2020

Points Earn Rate (per $1 spent)

1

point

Qantas

Rewards Program

Qantas Frequent Flyer

Bonus Points

N/A

0 points over 12 months spend

My monthly card spend

Pros and cons

  • 1 Qantas Point for every $1 spent on eligible purchases up to $2,500 per calendar month, 0.5 Qantas Points for every $1 spent thereafter
  • 4.99% p.a. on balance transfers and purchases for your first 5 months
  • Complimentary overseas travel insurance
  • Free additional cardholder

  • $249 annual fee

Creditcard.com.au review

Editor Review

Qudos Bank Platinum Credit Card

Roland Bleyer
Credit Card Expert with over 15 years card experience and the founder of Creditcard.com.au. about this card.

The Qudos Bank Platinum Credit Card

With the Qudos Bank Platinum Credit Card, you can earn Qantas Points on your card spending – and if you are not yet a member, you can take advantage of complimentary Qantas Frequent Flyer membership, alongside a range of platinum perks. As a new cardholder, you can also save on interest with the card’s intro offer, currently offering 4.99% p.a. on purchases and balance transfers for five months.

What we love...

Since this card has an intro offer, we’ll talk about that first. Currently offered to new cardholders, the Qudos Bank Platinum Credit Card has 4.99% p.a. on purchases and balance transfers for five months. This gives you five months paying a lowered rate of interest, helping you to save on everyday spending and larger purchases, or any credit card debt you transfer onto the card.

What about points earning? The Qudos Bank Platinum Credit Card is Qudos Bank’s only rewards card, and as you would expect from a Qantas card, it earns points on the Qantas Frequent Flyer program. With this card in your wallet, you will earn:

  • 1 Qantas Point for every $1 spent on eligible purchases up to $2,500 per calendar month
  • 0.5 Qantas Points for every $1 spent on eligible purchases thereafter
  • 1 additional Qantas Point per $1 spent on selected Qantas products and services

Points are capped on spending up to $200,000 per year. As a nice touch though, you can benefit from complimentary Qantas Frequent Flyer membership if you are not yet a member, giving you access to all the program has to offer. This means being able to redeem points on anything from flights and upgrades, to treats from Qantas Wine and merchandise from the Qantas Store.

You may have also noticed this card is a platinum card. So, what does it have to offer in the way of platinum perks? Like many platinum cards, this card offers complimentary overseas travel insurance to cardholders who pay for at least half of their overseas travel costs with their card. Cover is also extended to family members travelling with you, as long as they meet eligibility requirements.

While it’s best to check the PDS for full details on the cover offered, you could benefit from Overseas Emergency Medical Assistance, Personal Liability, Luggage and Personal Effects, Cancellation Fees and Lost Deposits, and Rental Vehicle Excess cover. As a cardholder, you can also enjoy access to the Visa Premium Concierge Service and Visa Platinum entertainment offers.

What’s not so great...

When it comes time to compare rewards cards, it all comes down to value. What value does the card offer you as a cardholder? Deciding whether the Qudos Bank Platinum Credit Card is right for you, take into account its rather steep annual fee, as well as the value of the rewards you expect to earn.

Why should you choose this card?

If you think the Qudos Bank Platinum Credit Card offers good value, it may be just the Qantas card you’ve been searching for. It’s also worth pointing out that while it may have a high annual fee, you can add one additional cardholder at no extra cost, which could help you to earn points faster and enjoy more value. Bear in mind, points shaping still occurs after a monthly spend of $2,500.

It’s also worthwhile thinking about how you typically deal with your balance month to month. While its purchase rate is not high by platinum card standards, it’s not low either. So, if you want to see real value on your rewards and features, it’s best to avoid interest accruing by paying off your balance by the due date each month to take advantage of up to 55 interest free days on purchases.

Overall Rating

The Qudos Bank Platinum Credit Card allows cardholders to earn Qantas Points while enjoying a select range of platinum extras, plus 4.99% p.a. on purchases and balance transfers for five months.

User reviews

Qudos Bank Platinum Credit Card ( based on 1 Creditcard.com.au user review )

53% rating based on 1 review

Rates
Fees
Rewards
Customer Service
Value

Rates and fees

Interest rates



Purchase rate 18.99% p.a.

Introductory purchase rate 4.99% p.a. for 5 months

Cash advance rate 18.99% p.a.

Interest free period on purchases up to 55 days

Balance transfer

Balance transfer rate 4.99% p.a. for 5 months

Balance transfer revert rate 18.99% p.a.

Balance transfer from personal loan No

Balance transfer fee No fee

Balance transfer limit N/A

Banks you can't balance transfer from Qudos Bank

Credit limits

Minimum credit limt $1,000

Maximum credit limit N/A

Fees & repayments

Annual fee $249 p.a.

Additional card holder fee $0 at no extra cost

Foreign transaction fee N/A

Minimum repayment

Cash advance fee N/A

Late payment fee N/A

Rewards and points

Rewards program

Rewards Program Qantas Frequent Flyer Qantas Frequent Flyer

Bonus points N/A

Annual points cap uncapped

Bonus points spend criteria N/A

Earning points with this card

Qantas Rewards points 1 point per $1 spent

Points cap per month Capped at $2500, then 0.5 pts per $1 spent

Overseas earn rate same as standard earn rate

Additional features

Complimentary insurance

International Travel Insurance Yes

Flight Inconvenience Insurance No

Transit Accident Insurance No

Smartphone Screen Insurance No

Purchase Protection Insurance No

Extended Warranty Insurance No

Rental Vehicle Excess In Australia Insurance No

Overview

Qudos Bank Platinum Credit Card

Key features

  • 1 Qantas Point for every $1 spent on eligible purchases up to $2,500 per calendar month, 0.5 Qantas Points for every $1 spent thereafter
  • 1 additional Qantas Point per $1 spent on selected Qantas products and services
  • 4.99% p.a. on balance transfers and purchases for your first 5 months
  • Complimentary overseas travel insurance
  • Up to 55 days interest free on purchases
  • Free additional cardholder

Minimum criteria to apply for this card

  • Be over 18 years old

  • Good Credit and have not applied for multiple credit cards recently

  • Permanent Resident or Australian Citizen

  • You have your personal details ready to complete the online application

Roland B Bleyer

Roland B Bleyer founded Creditcard.com.au in 2005 and has extensive knowledge about credit cards. He personally answers all questions and write the editor reviews for each card here. Always keen to share his passion to educate consumers and help you select better suited credit cards.

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