Point Hacks Credit Card Guide

Qantas Premier Platinum and Everyday Mastercard Guide

After launching the Qantas Premier Platinum in June 2017, Qantas released another variant called the Qantas Premier Everyday Mastercard in early December.

Qantas are currently offering 75,000 bonus Qantas Points plus a reduced first-year annual fee of $149 for new cardholders of the Premier Platinum card until 31 March 2018, and 20,000 bonus Qantas Points for new cardholders of the Premier Everyday card until 29 April 2018.

Both cards require a minimum spend of $3,000 within the first 90 days of approval to receive the bonus.

Note: Points Hacks does not earn commissions from these cards

Similarities and differences

There are now two variants of the Qantas Premier cards, the Platinum version with a $299 annual fee and the Everyday card with a $49 annual fee.

The key advantage of the Premier Platinum card is the higher earn rate of 1 Qantas Point per $ on all spend up to $10,000 per statement period, while the Premier Everyday card has a lower annual fee but also with a slightly reduced earn rate of 0.75 points per $ and a lower cap of up to $3,000 per statement period.

Both cards also earn bonuses on Qantas spend and overseas purchases, plus a handful of additional Qantas-specific benefits for the Premier Platinum.

Qantas Premier Platinum Mastercard

Offer until 31 March 2018:

  • 75,000 bonus Qantas Points
  • 0% p.a. on balance transfer for 15 months
  • 1 Qantas Point per $1 up to $10,000 per statement period and 0.5 thereafter
  • 1.5 Qantas Points per $1 on overseas spend
  • 2 Qantas Points per $1 on Qantas products and services
  • $149 annual fee for the first year (usually $299 p.a.)
  • $3,000 minimum spend within 90 days of approval required to receive bonus points
  • Additional cardholder can be added for $50/year (Qantas supposedly activated this feature on 26 September 2017 but it would be wise to confirm this with them by phone if adding a cardholder is a significant factor in your decision)

Card Details

CardQantas Premier Platinum Mastercard
Loyalty ProgramQantas Frequent Flyer
Points earned from spend1 Qantas point per $ up to $10,000 per statement period, then 0.5 Qantas Point per $ thereafter

1.5 Qantas Points per $ on overseas spend
Points earned with Qantas2 Qantas Point per $ spent
Points Capno cap
Earns points at ATOno
Insurance includedTravel Insurances (PDS)
Overseas transaction fee3%
Minimum Credit Limit$6,000
Minimum Income$35,000 p.a.
Annual fee$299

The Qantas Premier Platinum Mastercard is focused on maximising your points earn from spend, with 1 Qantas Point per $ up to $10,000 per statement period and 0.5 Qantas Points per dollar thereafter. There’s also an additional bonus point for spend on Qantas products and services, such as flights and Qantas Club membership, and a bonus half-point for overseas purchases.

The card terms and conditions are here and the rewards terms and conditions are here. They explicitly state that eligible transactions do not include those from operating a business, or from government transactions, e.g. paying the ATO, council rates, and even Australia Post—this is in line with Citi’s other cards.

Qantas-specific benefits of Qantas Premier Platinum

The following benefits are available outside of Qantas Points earned from spend:

  • Up to 20% discount on selected domestic companion fares when booking with the card through the Qantas Premier concierge service
  • Two Qantas lounge invitations each year
  • Complimentary travel insurance

Qantas Domestic companion fare discount

The companion flight discount works as follows: you can take up to eight passengers at a discounted rate, once per year maximum, on a Qantas domestic flight when booked through the Qantas Premier concierge. You’ll receive a 10% discount on red e-deal, 15% on Flexible Economy and 20% on Business fares. The full terms and conditions of this benefit are here.

Of note from those terms, the discount is only applicable to the base fare, not the total fare including taxes. In addition, the terms state that:

Companion Fare Benefit discounts are not available on all fare classes and in some instances, there may be sale fares available to the general public that are cheaper than the fares offered under the Companion Fare Benefit.

So be warned that the deepest discount fares may not be matched by what you can earn from the companion fare discount either. Remember that small business owners can pick up at least a 5% discount on most Qantas flights through Qantas Business Rewards.

The companion fare discount is only usable once and can’t be reinstated in case of a cancelled booking. Plus, you can only book eligible flights using the discount if the primary Qantas Premier cardholder is travelling on the booking.

All up, I see this being most useful for folks booking family travel over more expensive periods, e.g. taking multiple travellers where red e-deal fares are probably not available, and you may be unlikely to cancel.

Qantas lounge passes

Qantas’ credit card partners are slowly rolling out digital instead of paper lounge passes, so it is no surprise that Qantas’ own card is going to use the same system.

You can view as well as transfer your invitations to any other Qantas Frequent Flyer member on the Qantas Complimentary Lounge Invitations website.

Qantas Sydney International Business Lounge

Qantas Premier Everyday Mastercard

Offer until 29 April 2018:

  • 20,000 bonus Qantas Points
  • 0% p.a. on balance transfer for 15 months
  • 0.75 Qantas Points per $1 up to $3,000 per statement period and 0.4 thereafter
  • 1 Qantas Point per $1 on overseas spend
  • 1.75 Qantas Points per $1 on Qantas products and services
  • $49 p.a. annual fee
  • $3,000 minimum spend within 90 days of approval required to receive bonus points
  • Additional cardholder can be added for $25/year

Card Details

CardQantas Premier Everyday Mastercard
Loyalty ProgramQantas Frequent Flyer
Points earned from spend0.75 Qantas point per $ up to $3,000 per statement period, then 0.4 Qantas Point per $ thereafter

1 Qantas Points per $ on overseas spend
Points earned with Qantas1.75 Qantas Point per $ spent
Points Capno cap
Earns points at ATOno
Insurance includedTravel Insurances (PDS)
Overseas transaction fee3%
Minimum Credit Limit$4,000
Minimum Income$35,000 p.a.
Annual fee$49

The Qantas Premier Everyday Mastercard account has a $49 p.a. annual fee and earns 0.75 Qantas Points per dollar up to $3,000 per statement period, and 0.4 Qantas Points per dollar in excess of $3,000, uncapped. The card also includes a complimentary travel insurance comparable to the Premier Platinum card, which is rare and very impressive for a low-fee card.

Summing up: my take on the Qantas Premier Cards

New options for earning points are always good to have—there are always reasons why one product, card or service is good for some people, but not others. The headline earn rates are competitive and although not absolutely leading the market, are generally matching their competition.

I was hoping to see more ‘new’ and innovation from Qantas, though. There are few features of this card which haven’t been seen before, and with Qantas backing the card, there’s a unique opportunity to value-add for their members.

If Qantas are reading, here are a few ideas, off the top of my head:

  • Leverage Qantas Frequent Flyer status into greater loyalty: why not discount the annual fee for Gold or Platinum members or incentivise Gold/Platinum members to spend more on this card with increased points or removal of the points caps?
  • Offer discounted single-use lounge passes but only for cardholders—two per year isn’t enough for the committed Qantas flyer who doesn’t quite fly enough to earn Gold
  • Consider other vouchers or discounts for other elements of the Qantas travel or loyalty ecosystem, e.g. Qantas Valet or free Epiqure membership

There are also other 1-Qantas-Point-per-dollar Mastercard options on the market, so these offerings from Qantas aren’t market-leading products. Most other cards have higher annual fees but their sign-up bonuses help to offset those.

Platinum version

There are too many gotchas with the discount companion flight benefit to have this offer significant value or appeal for all new cardholders—it will work for some travellers, but you’ll need to be aware of the restrictions with how it is booked, how fares are priced and how it can be used to get the most value from it.

The extra 0.5 Qantas Points per dollar earned on international transaction fees is not a great deal—you’ll pick up an extra 0.5 Qantas Points per dollar vs Australian dollar spend, but pay an equivalent additional fee of 6c per point (0.5 points per dollar with the 3% additional fee)—don’t pick up the card for that benefit alone.

That’s not to say the Qantas Premier Platinum card isn’t good—it definitely deserves to be considered if you are in the market for a Qantas Points-earning Visa/Mastercard option, especially for those who spend their cash with Qantas (rather than most of their travel being paid for by their employer) and will be able to earn more bonus points as a result.

Everyday version

The Qantas Premier Everyday card, on the other hand, earns fewer points per dollar than the Platinum card but has an ace up its sleeve, being complimentary travel insurance, a great benefit that’s rare to find in other low-annual-fee cards in the market. It’s sign-up bonus is disappointingly low, however.

Time will tell whether both these cards are good enough to get people switching away from their existing Qantas Points-earning credit cards and whether Qantas’ marketing will get them moving over to Qantas Money and Citi.

Qantas Premier Platinum and Everyday Mastercard Guide was last modified: January 25th, 2018 by Keith

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Comments Expand Comments

  1. Unhappy QFF Chappy

    Think very carefully before obtaining this card. 75,000 points may not be worth the effort. It has been nothing short of a nightmare for us. From the application process to activation to changing a PIN to requesting an additional card for my spouse has taken weeks. We have been QFF members for over 30 years and the syncing between Qantas Money and QFF accounts is broken as well.

    Fall out has included hours on the phone with off-shore support staff that cannot or are not allowed to think outside the box for any issues. The technical support is horrendous, promised return phone calls do not occur and the countless errors in the website and mobile app has been nothing short of comical.

    Qantas Money even deactivated the card two weeks after it was activated and two hours of continual escalations to reactivate it with no justification or answer as to why it was deactivated in the first place. Also, there is no extended warranty on purchases available through the card that I am aware of.

  2. Scotty G

    The 75k bonus points dropped for me in the second month on the usual day I get my points. No dramas there.

    I think the card is useful and will use it for a while whilst waiting for my Amex waiting period to pass. And then maybe keep it as my non-Amex backup.

  3. Kaye

    I have no problems with the Qantas card usage, but find the app and website for checking transactions abyssmal. Since my statement on 15 January it showed pending purchases for a couple of days then they disappeared altogether. Now two new duplicate pending tranx have appeared, no sign of other non-pending purchases made. If I can’t reconcile spending it’s not worth it to me to keep the card any longer.

  4. Andy

    I want to have 2 of the same card to manage expenses but found out that oddly Qantas can’t manage this. Only 1 qantas credit card per person. I have never had an issue with other providers so it’s a bit of a shame that will send me elsewhere.

    FYI their qantasmoney app is fantastic for categorising expenses.

  5. Warwick andersen

    Digital lounge invites can be transferred. From a recent email from Amex:

    You can now manage your Lounge Invitations via the digital Complimentary Invitations Portal on qantas.com including transferring to a family member, colleague or friend.

    To manage your Invitation and find out more, visit qantas.com/freeloungeinvite

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