Qantas Premier Everyday Credit Card

What do you want this card for?
Save money
Earn points
My monthly spend: 
$5,000
 
Offer
Card features
Rewards program
Earn rate
Sign up bonus
Points earned
Qantas Premier Everyday Credit Card
Apply by 28 feb 19
Qantas Premier Everyday Credit Card
Receive 20,000 bonus Qantas Points when you spend $3,000 within 90 days from card approval.
0% p.a. on purchases for 9 months, 19.99% p.a. thereafter.
0% p.a. for 9 months on balance transfers.
Add to comparison
Qantas Frequent Flyer
Qantas Frequent Flyer
-
20,000
points
after spend criteria

Pros & cons

What's good?

What's not so good?

Receive 20,000 bonus Qantas Points when you spend $3,000 within 90 days from card approval.
0% p.a. on purchases for 9 months, 19.99% p.a. thereafter.
0% p.a. for 9 months on balance transfers.
$49 p.a. annual fee.
Complimentary travel insurance.
Fraud protection guarantee.
An additional cardholder fee of $25 per person p.a.

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.

Our review

Our review of the Qantas Premier Everyday Credit CardReviewed by Yvonne Taylor

Credit cards earning Qantas Frequent Flyer points tend to have high annual fees, especially if you want to earn more than 0.5 QFF points per dollar spent. So it’s not too surprising that Qantas, keen to promote its own frequent flyer program, should position its entry-level card close to the bottom of the market in terms of annual fee cost. But there’s nothing budget-level about the first purchase bonus points, the competitive QFF points earning rate and the complimentary benefits.

Low annual fee

The $49 annual fee is very low for a Qantas points card with complimentary benefits.

Additional cardholder fee is annoying

Many cards allow you to have at least one additional cardholder on your account without paying an extra fee. This card is not one of them. You’ll pay $25 for each additional cardholder, an annual total of $74 if you want a card for your partner to help you earn points.

Uncapped QFF points earning is remarkable for a Mastercard, with an annual fee this low

This is an ideal card for anyone seeking to earn Qantas Frequent Flyer points without facing additional merchant fees or even outright refusal with an American Express card. You would normally have to pay a much higher annual fee to get this rate on a Mastercard or Visa, and for anyone who expects to spend large amounts in foreign currencies (while travelling, or online) the rate is particularly attractive. This is how the earning rates work:

  • 1.0 QFF points per dollar spent on purchases made in foreign currency (including online, and there’s no points cap or threshold)
  • 0.75 QFF points per dollar spent on domestic purchases, up to $3,000 per month
  • 0.4 points per dollar spent on domestic purchases over $3,000 per month
  • Additional 1.0 QFF points per dollar spent on Qantas flights, upgrades and memberships (and once again, there’s no cap or threshold on this type of points earning)

The threshold on AUD spending may occasionally turn out to be an annoyance. Directly-issued AmEx cards have no points cap or threshold, but there are many other cards with a similarly low threshold or even an absolute monthly cap on points.

No QFF points can be earned on spending with government bodies (such as the ATO) and BPAY payments.

20,000 bonus points will take you a long way

Spend at least $3,000 using the card in the first 90 days after approval, and you will earn 20,000 bonus QFF points. You could be winging your way to Auckland (18,000 points one-way in economy). Add the 2,250 points you would earn on the $3,000 spent to earn the bonus points, and you would have almost enough points to fly to Bali (22,500 points).

Best ways to spend your Qantas bonus points and earned points

You’ll extract maximum value from your points by using them for flights and upgrades with Qantas, Jetstar and other Qantas partner airlines. Generally, the longer the flight and the higher your seat grade, the greater the return you’ll get from your points. It should normally be possible to get a return of at least 0.9 cents per point on domestic economy flights, and 1.5 cents per point on long-haul economy flights.

However, if you don’t want to spend your points on flights and are willing to accept a lower return rate, you can also exchange points for:

  • Merchandise from an online catalogue
  • Retail gift cards
  • Hotel accommodation and car hire
  • Entertainment experiences
  • Movie tickets
  • Charity donations
  • Qantas Club joining and annual fees

Complimentary travel insurance wherever you fly

Use your card to pay your airfares, and those of your accompanying immediate family members, and you’ll all be automatically covered by comprehensive travel insurance, including:

  • Emergency medical expenses overseas
  • Travel cancellation and delay overseas
  • Baggage, money and documents cover overseas
  • Transport accident cover worldwide
  • For travel within Australia, flight delay, luggage delay, cancellation
  • Hire car insurance excess waiver, worldwide
  • Golf clubs cover, against theft or damage

Qantas Premier Concierge

The kind of regular traveller who will derive the most benefit from this card may well be able to make good use of the dedicated Qantas Premier Concierge, giving worldwide assistance with travel, restaurant and entertainment recommendations and bookings, just a phone call away.

Six months interest free on selected Qantas purchases

Not surprisingly, Qantas wants you to spend money on flights as well as earning QFF points with your card. So they’ll grant you six months’ interest-free credit on your first purchase of Qantas flights, or Qantas Club membership fees or Qantas gift vouchers, or Qantas epiQure items, once only, made within the first six months of holding the card.

Qantas Money app

Download the Qantas Money app on your eligible Apple or Android smartphone, and get instant access to your card information wherever you are: fingerprint log-in, a temporary lock on your misplaced card, your card expenditure analysed into amounts by expense type, closing balance, available credit, payment due date and more.

0 percent p.a. for nine months on balance transfers

It’s not the longest interest-free balance transfer currently on offer, but if you’re attracted by the card’s other features it could make your decision easier. You could switch to this card now, and save a little money by temporarily putting into your mortgage offset account the cash you had earmarked for repayment of your existing balance. The offer could be worth taking up if you’re prepared to forfeit your bonus points and wait for nine months before you earn any points or enjoy any of the other complimentary benefits that come with this card.

Why will you forfeit the bonus points and other benefits? Because the presence on your account of a balance transfer means that you’ll lose the standard 55 days interest free on purchases until it is repaid. So you’ll be unlikely to use your card for the qualifying purchases required to activate the bonus points, regular points and complimentary benefits.

Unattractive interest rates

This is not a card for anyone contemplating long-term debt (other than the zero-interest balance transfer offer). The purchase interest rate is 19.99 percent p.a. and the cash advance rate (and balance transfer revert rate) is 21.99 percent p.a.

Rewards cards in general, and their interest rates are designed for cardholders who expect to pay off their purchase balance in full every month as well as avoiding cash advances, and this one is no exception.

Competing cards

Compare QFF bonus points, ongoing earning rates, complimentary benefits and annual fees of competing cards. You’ll find them on our Qantas cards page in our Features section.

A traveller’s card, without a doubt

Qantas is all about travel, so it’s not too surprising that when it ventures into the credit card market it designs a card that encourages and rewards travel first and foremost. There’s no messing about with shopper’s insurance – purchase protection, extended warranty, price protection and refund protection – that you may never use, but still pay for with many cards.

Regular travellers will be able to derive maximum benefit from the travel insurance and the interest-free period on their first Qantas purchase. If that travel extends to overseas trips, they’ll reap extra rewards from the high and uncapped points earning rate for foreign currency purchases. And this all comes for one of the lowest available annual fees for a QFF-points-earning card.

The basics

About this card

Card setup
Single
Card tier
Platinum
Card type
Mastercard
Card use
Personal
Credit rating
Good
Gambling transactions allowed
No
Joint application
No
Minimum age
18 years old
Minimum income
$35,000
Minimum income for pensioners
Same as standard
Pensioners
Rewards program
Qantas Frequent Flyer
Temporary residents
No

Cardholders

Additional cardholders
4
Additional card fee
$25 p.a.

Credit limits

Minimum credit limit
$4,000
Maximum credit limit
$30,000

Repayments

Interest charged from
Purchase date
Interest free period
Up to 55 days on purchases
Minimum repayment
2%

Balance transfers

The offer

Interest ratePeriodFeeLimitRevert rate
Balance transfers0% p.a.9 months0%80% of credit limit21.99% p.a.

Balance transfers to this card

Balance transfer earns rewards
No
Balance transfer fee payment due
N/A
Balance transfer from personal loan
Yes
Balance transfer processing time
10 - 14 days
Interest free days with unpaid balance
0 days
Maximum balance transfer
80% of credit limit
Available to existing customers
No

Banks you can't balance transfer from

You can't balance transfer to the Qantas Premier Everyday Credit Card at the promotional balance transfer rate from:

  • Citi

Rates & fees

Promotional interest rates

Interest ratePeriodFeeLimitRevert rate
Balance transfers0% p.a.9 months0%80% of credit limit 21.99% p.a.
Purchases0% p.a.N/AN/AN/A 19.99% p.a.

Ongoing interest rates

MonthlyAnnually
Cash advances 1.83% 21.99% p.a.
Purchases 1.67% 19.99% p.a.

Fees

Annual fee
$49 p.a.
Cash advance fee
whichever is greater $3 or 3%
Dishonour fee
$15
Duplicate statement fee
$2
Foreign exchange fee
3%
Late payment fee
$10
Over limit fee
N/A
Overseas ATM balance fee
$0
Overseas ATM withdrawal fee
$5
Overseas emergency card replacement fee
$0
Transaction verification fee
N/A

Rewards & points

Rewards program basics

First purchase bonus
20,000 points
Reward points expiry
Never as long as you keep your account active
Rewards program
Qantas Frequent Flyer
Spend required for bonus points
$3,000 within 90 days from card approval

Earning points with this card

Frequent flyer points
0.75 pts per $1 spent up to $3,000 then 0.4 pts per $1 spent per statement period
Overseas earn rate
1 pt per $1 spent
Points cap per month
N/A
Points cap per year
N/A
Points earned on ATO payments
N/A
Reward points
0.75 pts per $1 spent up to $3,000 then 0.4 pts per $1 spent per statement period

Additional benefits

Airport lounge access
No
Complimentary flight voucher
No
Concierge service
Yes

Minimum criteria for this card

What you need before applying

Be over 18 years old
You are a resident or citizen of Australia
Earn a regular income of more than $35,000 per year
Have a good credit history
You have your personal details ready to complete the online application
Have not applied for multiple credit cards recently
Age Pension, Disability Pension and Widower's Pension are acceptable.
Carer's Allowance and Child Support Payments are acceptable.
Joint applications are not allowed
Temporary residents are not eligible
Disclaimer: The minimum criteria are intended only to be a guide. Your application may still be rejected by the bank even if you can answer 'Yes' to all the minimum criteria. The final decision regarding your application is up to the bank.

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