The Qantas Premier Platinum Mastercard has up to 120,000 bonus Qantas Points and discounted first year annual fee of $199 on offer for new cardholders until 31 October 2019.
You will be ineligible to take up this offer if you currently hold, or have held a Qantas Premier Platinum Mastercard in the previous 6 months.
The bonus points is split into chunks of 20,000 bonus Qantas Points each month you spend $1,500 or more within the first 6 months of approval – for a total spend of $9,000 to receive the full bonus points.
You’ll also receive a $50 Qantas Wine Voucher which can be redeemed for food, wine or other products at Qantas Wine with a minimum spend of $100.
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.
How you could use the bonus points from this card
All redemption figures shown are examples only and exclude accompanying taxes and fees. Points redemption price data is provided by a third-party, so inaccuracies may be present. Please check with the airline directly for a complete and accurate total redemption cost.
Qantas Premier Platinum Mastercard
|Card||Qantas Premier Platinum Mastercard|
|Loyalty Program||Qantas Frequent Flyer|
|Points earned from spend||1 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 spend||1 additional Qantas Point per $1 spent on eligible Qantas spend|
|Points Cap||no cap|
|Earns points at ATO||no|
|Insurance included||Travel Insurances (PDS)|
|Overseas transaction fee||3% of the transaction amount|
|Minimum Credit Limit||$6,000|
|Minimum Income||$35,000 p.a.|
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.
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.