Review: Qantas Premier Platinum Mastercard

Qantas Money tempts with up to 80,000 bonus Qantas Points and a reduced first-year annual fee.

Overall Rating

By Staff Writers, June 2 2023
Qantas Premier Platinum Mastercard
Disclaimer

Executive Traveller may receive a commission when you apply for these credit cards via our links.

The information provided on this page is purely factual and general in nature. You should seek independent advice and consider your own personal circumstances before applying for any financial product.

FF Program

Qantas Frequent Flyer (direct earn)

Sign Up Bonus

80,000 bonus Qantas Points

Flight Voucher

Save 10-20% on selected domestic companion airfares once per year

Annual Fee

$349 first year,
$399 p.a. thereafter

Interest Rate

19.99% p.a. on purchases
21.99% p.a. on cash

Notes
The Good
  • Earn up to 1 Qantas Point per $1 spent on everyday transactions in Australia
The Bad
  • 3% international transaction fee, $50/year charge per additional cardholder
Added Value
  • Enjoy two complimentary single-entry Qantas lounge invitations per year
Fees and interest
Points earned
Lounge access
Overall

Introduction

With discounted flights, airport lounge access and a high earn rate for Qantas Points (unlocking more reward flights and upgrades) the Qantas Premium Platinum Mastercard ticks plenty of boxes. Add in up to 80,000 bonus Points for eligible new customers until November 29, 2023, and you have an opportunity too good to miss.

With this glossy card tucked into your wallet or purse you can earn 1 Qantas Point for every dollar spent on most Mastercard transactions in Australia (up to $10,000 per month), while purchases made overseas can nab you 1.5 Qantas Points per dollar spent.

You’ll also receive complimentary travel insurance and a reduced annual fee in the first year.

Qantas Premier Platinum Mastercard: fast facts

  • Annual fee: currently $349 first year, $399 p.a. thereafter
  • Additional cardholder fee: $50 (per cardholder per year)
  • Interest rate on purchases: 19.99% p.a.
  • Interest-free days on purchases: Up to 55
  • Interest rate on cash advances: 21.99% p.a.
  • International transaction fee: 3%
  • Minimum income required to apply: $35,000
  • Minimum credit limit: $6,000

Earning points for (almost) free flights:

Your journey begins with up to 80,000 bonus Qantas Points if you apply by Nov 29, 2023 and spend $3,000 within three months – 60,000 as a standard bonus plus an extra 20,000 if you haven’t earned Qantas Points with a credit card in the last 12 months.

That’s enough points for a return business reward flight between Brisbane and Melbourne, or up to five return economy flights between Sydney and Melbourne.

Flying business class with Qantas: one of the many ways you could spend your bonus Qantas Points.
Flying business class with Qantas: one of the many ways you could spend your bonus Qantas Points.

With continued spending, you’d earn enough Qantas Points for a one-way domestic flight (up to 600 miles in distance) from every $8,000 spent on eligible purchases within Australia, if remaining within the $10,000/month tiering threshold. Spending beyond $10,000 in a month earns you 0.5 Qantas points per dollar, but this is uncapped.

You’ll also receive an additional point per dollar spent on selected Qantas products and services, such as flights booked at qantas.com and purchases made from Qantas Wine or Qantas Rewards.

Lounge access, Qantas flight benefits:

Qantas Premier Platinum cardholders receive two complimentary Qantas airport lounge passes per year for use at domestic and international Qantas lounges (excluding Los Angeles).

You can use both lounge passes yourself, or share them with friends and family.
You can use both lounge passes yourself, or share them with friends and family.

Once a year cardholders can also save up to 20% on one domestic Qantas or QantasLink flight when booking for themselves and up to eight friends through the Qantas Premier Concierge service.

While a 10% discount is available on some Red eDeal fares (L, V, S, N and Q tickets), there’s a 20% discount on flexible business class airfares (fare types J and C) and a 15% saving on flexible economy fares (Y, B, H, K and M types).

Inclusive travel insurance:

International travel insurance is normally extended to cardholders who charge the full cost of their return international flight to the Qantas Premier Platinum Mastercard, or who charge at least $500 worth of transport fares to the card for their journey.

Feel confident when you use your card at home or overseas.
Feel confident when you use your card at home or overseas.

This international cover normally insures return trips of 30 days or less and with a $500 excess payable on most claims. There’s also domestic coverage on trips up to 14 days – once again with a $500 excess – for flight delays or cancellations, as well as luggage delays and more.

Qantas Premier Platinum Mastercard: the verdict

The Qantas Premier Platinum Mastercard goes strong on frequent flyer points and perks while also having relatively low barriers to apply, with a minimum income requirement of just $35,000 per year and a minimum credit limit of $6,000.

While this travel-themed card does impose a 3% international transaction fee on all overseas payments (including payments in AUD processed overseas), the plus side is these transactions earn points at a higher and uncapped rate to compensate.

When you factor in the discounted first-year fee, potential savings of the companion airfares and that 80,000 Qantas Points bonus, the Qantas Premier Platinum Mastercard is a smart addition to your wallet.

Disclaimer

Executive Traveller may receive a commission when you apply for these credit cards via our links.

The information provided on this page is purely factual and general in nature. You should seek independent advice and consider your own personal circumstances before applying for any financial product.

Singapore Airlines - KrisFlyer

02 Dec 2016

Total posts 47

Sick of people complaining about lack of alcohol during flights. It won't kill you if you can't drink for half a day.


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