Qantas Premier Titanium Credit Card

Qantas Premier Titanium Credit Card

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Qantas Premier Titanium Credit Card
Apply by 30 apr 19
Qantas Premier Titanium Credit Card
Receive 150,000 bonus Qantas Points when you spend $5,000 within 90 days from card approval.
Enjoy 20% bonus Status Credits on Qantas operated and marketed flights.
Be unique by holding this metal card unlike other cards issued in plastic.
Add to comparison
Qantas Frequent Flyer
Qantas Frequent Flyer
1.25 pts
per $1 spent
up to $12,500
then 0.5 pts
per statement period
More info
150,000
points
after spend criteria

Pros & cons

What's good?

What's not so good?

Receive 150,000 bonus Qantas Points when you spend $5,000 within 90 days from card approval.
Earn 20% Status Credits when you book and pay for your travel on eligible Qantas flights using either the primary and/or additional cardholder’s card.
Get 10% discount on eligible Qantas Flights for up to 2 travellers twice per year.
Earn an additional 2 Qantas points per dollar on Qantas Spend.
2 complimentary Qantas First Lounge invitations per year.
Enjoy 6 months interest-free on your first purchase of selected Qantas products and services.
Complimentary travel insurance, including medical, cancellations and baggage.
0% p.a. for 6 months on balance transfers.
Comes with Qantas Premier Titanium concierge.
Features a unique metal card design.
The annual fee of $1,200 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.

Disclaimer (2): Reviews rely upon third party information that may not be correct or may be changed without Credit Card Compare’s knowledge. You must carefully consider your own circumstances before making any commitments and confirm all offers and terms with credit card providers before accepting them. Please refer to our T&Cs for more.

Our review

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

Move over, Black, Diamond and Signature cards. There’s a new kid on the top-of-the-range block, and it’s called the Qantas Premier Titanium Card. Unlike previous Titanium cards available in Australia (by invitation only, to select American Express customers), this one is accessible to everyone, provided you can clear one hurdle (the $200,000 minimum income requirement) and get your head around another (the $1,200 annual fee).

Still reading? That’s good. Because if you can meet the eligibility requirements and the cost, and you’re a regular Qantas traveller, this card has the potential to shower you with points and complimentary benefits worth several times the annual fee.

150,000 bonus Qantas Frequent Flyer points

Qantas have got the holders of competing prestige cards in their sights, hence the ultra-generous bonus points offer. It’s certainly going to tempt cardholders who currently have the American Express Platinum Card or the Citi Prestige Card.

The qualifying spending target is quite high – $5,000 in the first 90 days – but anyone earning $200,000 per year or more is probably going to have no problem putting $20,000 per year of everyday expenses on the card.

150,000 QFF points would get you a one-way Business Class flight to London or New York (128,000 points) plus a one-way Business Class seat on a Sydney-Melbourne flight (16,000 points), with 6,000 points left over (almost enough for a return flight in economy, if you can bear it – 8,000 points).

0 percent for six months on balance transfers

Here’s another incentive to get you to switch cards. Bring across your balance from your existing card or cards, and pay no interest for six months, with no upfront fee. (Sorry, Citi Prestige Card holders, you are excluded from this offer, along with all other Citi cards and Qantas Money cards.)

There’s a catch, though. An uncleared balance transfer will see you forfeiting the normal up to 55 interest-free days on purchases. Any spending you make in the first three months, to qualify for the 150,000 bonus points, will attract interest at the ongoing purchase rate of 19.99 percent p.a. calculated from the transaction date, not the payment due date.

You could get around this by transferring cash into your card account each time you make a purchase, or dumping $5,000 into the card account on day one, and using the card until the $5,000 was spent, but you’d have to bring across a pretty hefty balance transfer (i.e. more than $5,000) to make it worth the effort.

Another caveat is the unpleasant 21.99 percent p.a. revert interest rate (the cash advance rate) payable on transferred balances not fully cleared after six months. Make a diary date so that you don’t miss paying it out.

The best QFF points earning rate around

It’s not too surprising to discover that a Qantas Money credit card has the best QFF points earning rate currently on offer. It gives special rewards for spending with Qantas and international spending. The details are:

  • 3.25 QFF points per dollar on purchases from Qantas (or 2.5 points/$1 after $12,500 statement threshold, see below)
  • 2.0 points per dollar on international purchases (including online)
  • 1.25 QFF points per dollar on non-Qantas domestic purchases, up to $12,500 per statement period
  • 0.5 QFF points per dollar on non-Qantas domestic purchases, after the first $12,500 per statement period

Although there is a $12,500 threshold on domestic spending, there is no absolute cap. It’s a generous threshold, and all purchases will earn at least some points.

The 3 percent fee applied to foreign transactions takes some of the shine off the overseas earning rate, but 3 percent is similar to the charge applied by many other cards.

Redeeming Qantas points

Using Qantas points for award flights and seat upgrades delivers the best value, starting at about 1.5 cents per point for a Qantas short-haul economy flight, and potentially rising to 4.0 cents per point or more for long-haul Business Class flights and upgrades, even more for First Class redemptions.

But if you must, you can also use Qantas points for retail gift vouchers (about 0.6 cents per point value), movie tickets, travel, and merchandise from an online catalogue, with this last option returning the lowest value per point.

Bonus status credits

Since holders of this card are very likely to be Qantas frequent flyers in a tier above the entry-level bronze, they will be interested in maintaining their tier benefits in order to keep a firm hold on perks like additional points earning on purchased flights, seating privileges, lounge invitations, priority check-in and extra baggage allowance.

So the card’s bonus 20 percent status credits (for both primary and additional cardholders), when it is used to pay for Qantas flights, will be a very welcome benefit. A Business Class flight from Sydney to Melbourne would earn 48 status credits instead of the usual 40, if paid for with the card.

Complimentary travel insurance

No prestige traveller’s credit card is complete without top-level complimentary travel insurance.

Both primary and additional cardholders, plus their accompanying spouse and dependants, are covered, provided their full airfares have been purchased with the card.

It’s an annual, multi-trip policy for trips of up to 180 days each (overseas) and 14 days (domestic air travel), covering delayed or lost luggage, documents, unavoidably missed connections and delays, unavoidable trip cancellation, rental car insurance excess waiver, loss of income, emergency medical expenses overseas, and much more.

There’s also a separate policy to cover serious injury or death as a result of accidents on public or commercial transport.

Even more complimentary insurance cover

Use the card to purchase all your appliances, furniture, technology and valuables, and they will be covered by extended warranty insurance (up to 12 months on top of the existing manufacturer’s Australian warranty) and purchase protection insurance (articles covered against theft or damage for 90 days after purchase).

10 percent travel discounts

Qantas is offering the services of the Qantas Premier Titanium concierge service to accompany this card. And to encourage you to use the service, they will give you a 10 percent discount on up to four flights per year (two bookings for two people) when the bookings are made through the Qantas Premier Titanium concierge service and paid for with the Qantas Premier Titanium Card. The offer applies to any eligible Qantas flight (both domestic and international) and any fare or cabin class.

You can also use the Qantas Premier Titanium concierge for items like booking theatre tickets or making dining reservations.

Six months interest free on first Qantas purchase

When you make your first Qantas purchase (of flights, Qantas Club fees, Qantas gift vouchers and other items from the Qantas store, plus Qantas Wine and Epiqure items) during the first six months of holding the card, you can leave the amount unpaid on your card account for six months without paying any interest.

It could be the perfect financing option for the major part of the cost of a big overseas trip for the whole family.

Not just two lounge invitations per year, but four, two of them in First

While many premier cards come with two lounge invitations, this one brings you four single-visit lounge entry passes.

Two of the passes will provide entry to Qantas Club domestic and selected international business lounges. A further two will see you relaxed in supreme comfort in a Qantas First lounge in Sydney, Melbourne or Los Angeles.

An appetising extra for those who enjoy wines on Qantas flights

“Enjoy the same wines you experience in flight, at home,” says Qantas. An annual fee of $99 normally applies to premium membership of Qantas Wine, but holders of this card can have it free of charge. You will get free delivery on wine and gourmet food items, invitations to members-only wine tastings, and an extra 3.0 points per dollar on food and wine purchases, on top of the points already earned by paying with your card.

Download the Qantas Money app to access bonus shopping points

If you download the Qantas Money app you’ll be able to see a range of regularly-updated offers for bonus points when shopping at your favourite stores.

Download the Qantas Wellbeing app to earn more points

The points earning options just keep on coming. Download the Qantas Wellbeing app and complete daily challenges (such as walking 10,000 steps) to not only improve your health but also earn extra QFF points.

Take a look at the competition

Your best place to check out competing card offers is our ‘High income credit cards’ page, which you can find by clicking on the ‘All features’ link in our Features section.

You’ll find that the American Express Platinum Card, the Citi Prestige Card, the Westpac Altitude Black Credit Card and ANZ Frequent Flyer Black Credit Card offer the fiercest competition for this card.

Getting the best value out of the card

There are so many benefits attached to this card that it would be difficult not to come out ahead every year, despite the steep $1,200 annual fee (plus, unfortunately, an additional $100 annual fee for each supplementary cardholder on the account). The bonus points and interest-free period on Qantas purchases will more than take care of the annual fee in the first year. But it’s worth extracting every last cent of benefit every year if you can, by:

  • Probably passing up on the balance transfer offer to make sure you lock in the bonus points and start earning ongoing rewards points and insurance cover immediately, without paying interest charges
  • Channelling every possible item of necessary expenditure through the card – groceries, fuel, other household expenses including utilities, clothing, dining and entertainment, travel – in order to maximise points earning
  • Trying to spread your expenditure as evenly as possible throughout the year, to avoid the monthly points threshold
  • Remembering to apply for the four free lounge passes when you travel
  • Making the most of the 10 percent Qantas travel discounts
  • Earning extra points through Qantas Wine, bonus partner stores via the Qantas Money app, and healthy lifestyle challenges via the Qantas Wellbeing app
  • Remembering that your travel insurance needs should be covered by the complimentary policies
  • Not neglecting to claim against extended warranty and purchase protection insurance if you have a claimable event

Tick just a few of these boxes every year, and you’re likely to agree that the annual fee is justified. And hey, it’s a metal card instead of one of the boring old plastic ones that ordinary cardholders have.

Disclaimer: Reviews rely upon third party information that may not be correct or may be changed without Credit Card Compare’s knowledge. You must carefully consider your own circumstances before making any commitments and confirm all offers and terms with credit card providers before accepting them. Please refer to our T&Cs for more.

The basics

About this card

Card setup
Single
Card tier
Titanium
Card type
Mastercard
Card use
Personal
Credit rating
Good
Gambling transactions allowed
No
Joint application
No
Minimum age
18 years old
Minimum income
$200,000
Minimum income for pensioners
Same as standard
Pensioners
Rewards program
Qantas Frequent Flyer
Temporary residents
No

Cardholders

Additional cardholders
Yes
Additional card fee
$100 p.a.

Credit limits

Minimum credit limit
$15,000
Maximum credit limit
N/A

Repayments

Interest charged from
Purchase date
Interest free period
Up to 55 days on purchases
Minimum repayment
whichever is greater, $30 or 2%

Balance transfers

The offer

Interest ratePeriodFeeLimitRevert rate
Balance transfers0% p.a.6 months0%80% of credit limit21.99% p.a.

Balance transfers to this card

Balance transfer earns rewards
No
Balance transfer fee payment due
First statement
Balance transfer from personal loan
No
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 Titanium Credit Card at the promotional balance transfer rate from:

  • Citi
  • Qantas Money

Rates & fees

Promotional interest rates

Interest ratePeriodFeeLimitRevert rate
Balance transfers0% p.a.6 months0%80% of credit limit 21.99% p.a.
PurchasesN/AN/AN/AN/A N/A

Ongoing interest rates

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

Fees

Annual fee
$1,200 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
$40
Overseas ATM balance fee
$0
Overseas ATM withdrawal fee
$5
Overseas emergency card replacement fee
$0
Transaction verification fee
$7

Rewards & points

Cool stuff you can get with your points

Disclaimer: Points required accurate as of the 31st March 2018.

Rewards program basics

First purchase bonus
150,000 points
Reward points expiry
Never as long as you keep your account active
Rewards program
Qantas Frequent Flyer
Spend required for bonus points
$5,000 in 90 days

Earning points with this card

Frequent flyer points
1.25 pts per $1 spent up to $12,500 then 0.5 pts per $1 spent per statement period
Overseas earn rate
2 pts per $1 spent
Points cap per month
Unlimited
Points cap per year
Unlimited
Points earned on ATO payments
N/A
Reward points
N/A

Additional benefits

Airport lounge access
Yes
Complimentary flight voucher
N/A
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 $200,000 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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