Point Hacks Credit Card Guide

Extended: up to 100,000 Qantas Points, discounted first year annual fee and 2 complimentary lounge invitations with the Qantas Premier Platinum Mastercard

The Qantas Premier Platinum Mastercard has up to 100,000 bonus Qantas Points and discounted first year annual fee of $149 on offer for new cardholders until 30 May 2019.

The bonus points is split into two parts, with the first 70,000 bonus Qantas Points to be awarded once you meet the minimum spend criteria of $3,500 in the first 90 days from approval. The remaining 30,000 bonus Qantas Points will be credited within 12 weeks after the annual fee is paid on the anniversary of the card.

Citigroup Pty Limited ABN 88 004 325 080 AFSL No. 238 098 Australian credit licence 238098, is the Credit Provider and Issuer of the Qantas Premier credit cards on behalf of Qantas Airways Limited ABN 16 009 661 901. All applications are subject to credit criteria. Fees, charges and Terms & Conditions apply.

The Qantas Premier range also includes the entry level Qantas Premier Everyday Mastercard, and the higher-end Qantas Premier Titanium. All cards are issued by Citi on behalf of Qantas Premier.

Qantas Premier Platinum Mastercard

Card Details

CardQantas Premier Platinum Mastercard
Loyalty ProgramQantas Frequent Flyer
Points earned from spend1 Qantas point per $1 spent on eligible domestic spend up to $10,000 (10,000 points) per statement period, then 0.5 Qantas Point per $1 thereafter

1.5 Qantas Points per $1 spent on international spend
Points earned with Qantas spend1 additional Qantas Point per $1 spent on eligible Qantas spend
Points Capno cap
Earns points at ATOno
Insurance includedTravel Insurances (PDS)
Overseas transaction fee3% of the transaction amount
Minimum Credit Limit$6,000
Minimum Income$35,000 p.a.
Annual fee$299

The Qantas Premier Platinum Mastercard focused on maximising your points earn from day-to-day 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. Amongst other exclusions used in the definition for Eligible Transaction (full definition can be found in the Qantas Premier Credit Card Rewards Terms and Conditions, an Eligible Transaction does not include transactions from operating a business, or from government transactions, e.g. paying the ATO, council rates, and even Australia Post.

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 domestic and international 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 selected Qantas domestic companion flights when booked through the Qantas Premier concierge using the Qantas Premier Platinum card. 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.

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

Enjoy two single-entry complimentary Lounge Invitations each year on your card anniversary. These passes can be used at domestic Qantas Club lounges or Qantas-operated International Business Lounges (excluding Los Angeles Tom Bradley Terminal International Business Lounge) in accordance with the Qantas Premier Platinum Credit Card Airline Benefit Terms and Conditions and the Qantas Lounge Invitation Terms and Conditions.

Qantas’ credit card partners are focussing on 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 Sydney International Business Lounge

Summing up: the Qantas Premier Platinum Card

Qantas Premier Platinum is a solid option for earning Qantas Points from your spend, with no points cap. You’ll need to factor in the restrictions mentioned above on government transactions though.

The discount companion flight benefit has some conditions, so to have this offer
significant value 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 transactions helps when using your card on international spend — but while you’ll pick up an extra 0.5 Qantas Points per dollar vs domestic spend, you’ll pay an equivalent additional fee of 6c per point (0.5 points per dollar with the 3% additional fee for international transactions).

The Qantas Premier Platinum card definitely deserves to be considered if you are in the market for a Qantas Points-earning Mastercard, especially for those who spend with Qantas and will be able to earn more bonus points as a result.

Extended: up to 100,000 Qantas Points, discounted first year annual fee and 2 complimentary lounge invitations with the Qantas Premier Platinum Mastercard was last modified: May 20th, 2019 by Keith

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  1. Joel

    Great everyday card for points, been using it for the past 18 months.

    One minor annoyance about its complimentary insurance – despite it having “global hire car excess waiver cover”, the fine print reads “You must take up all comprehensive motor insurance offered by the Car Rental Company, whether discretionary or mandatory” – which essentially renders this excess waiver cover useless.

    • Daniel Sciberras

      Hi Stephen

      You can request your Qantas Club passes at anytime during your card year. They are then valid for 12 months from the date of request.

    • Daniel Sciberras

      Hi Justin

      The terms and conditions actually don’t state an exclusion period, so technically, you should be eligible for the bonus so long as you do not hold the Qantas Premier Platinum Mastercard.

      However, there have been reports that there is a non-stated exclusion period of 6 months, meaning that if you have held this card within this timeframe, you may not be eligible. To be safe, I would contact Qantas Money to determine your eligibility.

  2. Corey

    I believe so oliver. Definitely cancelling this card before then. $149 for 70k is good, but paying $299 for an additional 30k and quite lacklustre benefits is definitely not worth it in my opinion.

  3. Anne Micic

    hi Daniel,

    Thanks for your reply. I managed to find the chubb dedicated Q premier line (Q initiatelly gave me the wrong Chubb number – on the pds – so they should know it). personally I don’t consider hiking – walking on trails (am not doing everest) – a ‘special sport’. And why not list all the common sports that are excluded on the pds – the implication by not listing is that it is included? and there is no option to pay an additional premium.

    The point of insurance is peace of mind – you hope that you don’t have to use it but you want to make sure it covers you for what you want to do. My point is, I don’t see this insurance as particularly useful compared to what you can get with other premium cards.

  4. Anne M

    I got this card a few months back, got rid of my ANZ FF Black for this. Am about to travel so enquired about the comp insurance. First, $500 excess – ok, I guess you haven’t paid for it so maybe understandable. Second, had a query on whether hiking was covered so, after calling Qantas Concierge (and having to input my 16 digit card number to get through stage 1), they didn’t know anything and gave me the number for chubb 1800 236 023. There is no option for ‘comp insurance with Q’, only Amex, so press that. PDS medical excluded for special sports (hiking not listed) but rep says ‘you put in claim and we will tell you whether we accept’ and then follows with hiking would be excluded – ask her where this is written and she hangs up on me – accidentally? Seems like Qantas just tacked this on to the card for the sake of having some insurance. Qantas do seem to like to make it hard to get through so in some way am not surprised. why make life easy for your customers?! I’m not sure the Q points are worth having this card.

    • Daniel Sciberras

      Hi Anne

      Sorry to hear that you have had a negative experience so far regarding this card’s insurance.

      I would suggest trying to call Chubb back again as they would be handling any claims and therefore you would be going directly to the source. However, it is common for many insurances to exclude special sports such as hiking, but provide an option to charge an additional premium to get cover.

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