How does the Woolworths Qantas Credit Card compare against a credit card of the national average?
|Woolworths Qantas Credit Card||19.99%||20.99%||$89||0%||6 months|
|The Average Credit Card||16.84%||21.27%||$89||2.04%||7 months|
Methodology: The Scorecard is based on the interest rates and fees from 306 credit cards from 52 banks and credit unions to give a national average on an ongoing basis. Introductory promotional rates are not included in the calculation.
Disclaimer: The data presented in the Scorecard is intended to be a guide. Some factors may affect data accuracy. We try to present accurate and fresh data, but it is possible that our database may not include every credit card on the entire market and that products may change without us being notified.
With this card you’ll be able to earn some fantastic rewards, enjoy loads of features and competitive rates. You’ll earn Qantas Frequent Flyer points toward that much needed holiday break and the card has the benefits of the Woolworths’ Everyday Rewards program built in (meaning fuel savings and exclusive shopping offers) as well.
The best feature of this card is the efficiency of getting your fuel vouchers and shopping offers at the same time as earning Qantas Frequent Flyer points. Qantas points are earned anywhere you shop but you earn even more when you spend within Woolworths Supermarkets, BWS and BIG W (excluding Tasmania). Points earning rates are great and you can easily earn bonus points at participating stores. With the price of groceries some good points could be earned! The earning ratio is better that the ANZ Frequent Flyer card, as is the annual fee.
For the traveller, you’ll also like to know that the $89 p.a. annual fee includes 24/7 Concierge service, for help to arrange hire cars, accommodation, tickets and more and that you can redeem your points for Award Flights to over 700 destinations or, alternatively, products, gift cards and experiences at the online Qantas Frequent Flyer Store. You’ll also get a low rate of 0% p.a. for 6 months on balance transfers from non-HSBC/Woolworths store and credit cards.
The purchase rate is competitive but not great. Also, be aware that you have to have a Qantas Frequent Flyer account already (which is standard fare for almost all frequent flyer cards) and if you aren’t a Qantas member then there’s an additional fee to pay separately to Qantas. You should sign up with Qantas before signing up for the card. Remember no points are earned on business expenses, interest free promotions, balance transfers and cash advances.
Finally, make sure you’re realistic about how much you actually need to spend to save enough points for a flight or other reward and whether or not your spending and lifestyle can attain that. Remember too that you might not always get what you want. Award flight seats (particularly Classic Award seats) are subject to capacity controls and availability is sometimes limited. Some flights may not have any Classic Award seats available.
This card is suited to those with mid to high incomes who travel or would like to save up points for a flight to that special destination. If you’re a regular shopper at Woolworths group stores you may as well earn some frequent flyer points while you’re at it, obviously making sure you make your monthly repayments so you don’t lose out on points.