Qantas Premier Platinum Credit Card Review
The Qantas Premier Platinum Mastercard is one of the best points-earning cards on the market and with good reason. Right now you can get up to 100,000 bonus Qantas Points, and in the first year you also get 75 bonus Qantas Status Credits. This offer is available to new cardholders who apply online before June 30, 2020.
To sweeten the deal, new applicants who are approved will also receive 2 Qantas Club lounge passes per year, discounted companion fares, travel insurance and the option to use a 0% 18 months balance transfer.Read More
What Are 100,000 Qantas Points Worth?
When it comes to putting a value on frequent flyer points, it all comes down to how you plan to use them. At Flight Hacks, we only use our points on premium cabin Classic Reward seats (you can read our ultimate Qantas Classic Reward guide here if you’re new). This means we value Qantas Points around the 1 cent mark (to obtain them). However, when we go to redeem them, we aim to get at least 3 to 15 cents value.
To summarise, most people who like redeeming their points for business and first class flights would be happy to pay around $1,000 for 100,000 Qantas Points, but the final value will depend on how you redeem them. Considering the annual fee of the Qantas Premier Platinum is only $299, that’s an incredible value proposition.
Wondering how you can use 100,000 Qantas Points for luxury business and even first-class travel? Check out our list of flights and destinations here
1.5 Qantas Points per whole AU$1 equivalent
0% p.a. for 18 months on Balance Transfers.
Your total Balance Transfers may not exceed 80% of your credit limit. The 0% p.a. interest rate applies to balances transferred within 90 days of card approval for a period of 18 months. The 18 month promotional period commences once the Balance Transfer is processed.
At the end of the Balance Transfer period, the interest rate on any outstanding transferred balance will revert to the variable Cash Advance Rate, currently 21.99% p.a. Excludes balances transferred from other Citigroup issued credit facilities.
You are not eligible for interest-free days on retail purchases while you have a Balance Transfer on your account. This means while you have a balance transfer on your account, any further purchases will be charged daily interest at the applicable Retail Purchase Rate currently 19.99% p.a.
Also note that a balance transfer does not count towards meeting the minimum spend required to get the bonus Qantas Points. It also doesn't count as eligible spend so you will not earn points on balance transfers.
How Does The Qantas Premier Platinum Bonus Points Work?
It’s a very reasonable minimum spend per month, so just remember to pay all your bills, groceries, petrol and other everyday expenses with your Qantas Premier Platinum card.
To earn another 20,000 bonus Qantas Points, you will need to keep the card open for a second year. If you do decide to keep the card for a second year, you will also need to pay the annual fee of $299. When you factor in the Qantas Lounge passes and the 20,000 bonus Qantas Points, the cost is justified.Learn more or apply via Qantas Money
Qantas Lounge Invites
To use your digital passes, you can simply link them to your Qantas flight booking online via this website. Just make sure you do this at least 24hrs before departure!
Qantas Premier Platinum Mastercard Details
Fraud protection: Feel safe with the built-in protection of Mastercard Zero Liability. You must take care to protect your card from theft or loss, and notify Qantas Money immediately if your card is lost or stolen.
Dedicated concierge: The Qantas Premier Concierge service is just a phone call away, anytime you need assistance with: • Domestic discounted companion fare booking • Travel destination and shopping information • Medical and travel assistance • Restaurant recommendations and reservations • Theatre, concert and sporting event tickets • Party planning, gifts and flower delivery • Beauty and fitness services
Qantas Money app: Track your money on the fly and see your balance, statements, transaction history, and more. Plus connect your other financial institution's accounts so you get the big picture.Read More
4 max. At the cost of $50 per extra cardholder
Am I Eligible For This Deal?
To get the sign-up bonus of up to 120,000 bonus points, you can’t hold another Qantas Money credit card such as Qantas Premier Everyday or Qantas Premier Titanium. If however, you had a Qantas Money card more than 12 months ago, you will be eligible for this promotion if you get approved. Since Citibank issues the Qantas Premier Platinum card you might be wondering if you are eligible if you already hold a Citibank credit card. The answer is yes!
Apart from that, you will also need to be able to say yes to the following:
Resident or citizen of Australia
Qantas Perk: Discounted Companion Fare
Here’s the deal; once a year you can take up to 20% off selected domestic flights for you and up to 8 companions when you book directly via your Qantas Premier Platinum Concierge. The discount works in tiers; Red eDeal fares receive a 10% discount, Flex Economy 15% and Business 20%.
To book your discounted companion fares, simply call the Qantas Premier Concierge on 1300 992 700 anytime, 24 hours a day, 7 days a week.
Complimentary Travel Insurance
The Qantas Premier Platinum Mastercard also comes with complimentary travel insurance which also includes emergency medical, cancellations, baggage, delays and more. This card also comes with a global car excess waiver. However, there’s an excess of $500.
As always we would also highly recommend you take 5 minutes of your day to read the PDS (Product Disclosure Statement) to make sure that the insurance on offer will cover you. You can find it right here.
To be eligible for the insurance, you must meet the following requirements:
Eligible travellers must be under 80 years old