Qantas Money Platinum
Pros & cons
What's good
- Up to 120,000 bonus Qantas Points, Discounted $349 first-year annual fee
- Up to 2 Qantas Points per $1 spent
- 2 complimentary Qantas Lounge invitations
Worth noting
- The standard $399 annual fee is relatively high
- Anything over $10,000 in a statement period earns a lower rate of 0.5 points per $1
Card details
The basics
- Additional cardholders
- 1 ($50 p.a.)
- Card setup
- Single card
- Card tier
- Platinum
- Card type
- Mastercard
- Card use
- Personal
- Credit limit
- $6,000 – $100,000
- Credit rating
- Good
- Rewards program
- Qantas Frequent Flyer
Eligibility
- Instant approval
- No
- Joint application
- No
- Minimum age
- 18 years old
- Minimum income
- $35,000 p.a.
- Residency
- Australian citizen or permanent resident
- Temporary residents
- Not eligible
Repayments
- Interest charged from
- Purchase date
- Interest-free period
- Up to 44 days on purchases
- Minimum repayment
- 2% of the closing balance or $25, whichever is greater
Balance transfers
- Limit
- Up to your available credit limit
- Period
- 12 months
- Promotional rate
- 0% p.a.
- Revert rate
- 21.99% p.a.
- Transfer fee
- 3%
While you carry a transferred balance you may not receive interest-free days on new purchases.
Rates & fees
Ongoing interest rates
- Cash advances
- 21.99% p.a.
- Purchases
- 20.99% p.a.
Fees
- Additional cardholder fee
- $50
- Annual fee
- $349 p.a.
- Annual fee (year 2+)
- $399 p.a.
- Cash advance fee
- 3% of the amount
- Foreign transaction fee
- 3%
- Late payment fee
- $30
Rewards
Earn rate
- Everyday spend
- 1 pt per $1 spent
- Points cap (monthly)
- Uncapped
- Points expiry
- Points don't expire while your account is open and in order.
Sign-up bonus
- Bonus spend required
- —
- Sign-up bonus
- 120,000 points
How this card stacks up
Calculated estimates that show where this card sits against the 227 cards in our database.
Personalise these estimates
Lower than 70% of cards we list — that's a average rate.
Carrying $5,000 at 20.99% p.a. costs roughly this much in interest each month.
Assumes the full balance is carried with no interest-free days applied.
Total annual fees across three years — year 1 is discounted to $349, then $399/year.
Days you can avoid interest by paying in full — below average for the market.
That's above average for Platinum cards — a fairer comparison than measuring it against $0 cards in other tiers.
A combined read on annual, foreign, cash-advance and late fees across all the ways a card can cost you.
High-fee cards often bundle premium benefits that can offset the cost.
Stated minimum income — moderate.
Spend this much a year for the rewards you earn to cover the annual fee.
Based on a conservative point value; actual value depends on how you redeem.
Estimated dollar value of the signup bonus points, so you can compare offers across programs.
Estimated at a conservative point value; actual value depends on how you redeem.
At $20,000/year of spend, this is the rewards value earned for every $1 of annual fee.
Below $1 — at this spend level the rewards don't cover the fee.
Transferring $5,000 could save this much in interest over 12 months, after the 3% transfer fee.
Assumes the balance isn't paid down during the intro period — a conservative estimate.
After the intro period the rate jumps to this — above-average revert rate.
Where this card ranks among balance transfer cards for intro period length.
Where this card ranks among rewards cards for earn rate.
Where this card ranks among frequent flyer cards for earn rate.
Calculated metrics are estimates based on assumed spending patterns and point valuations and should not be taken as financial advice. Point values used: Qantas/Star Alliance 1.2c, Velocity 1.0c, all other programs 0.5–0.8c per point. Percentile rankings are based on 227 cards in the CreditCardCompare.com.au database as at June 2026. Seek independent financial advice before applying for any credit product.
User reviews
Based on 0 reviews
How it compares
| Card | Purchase rate | Annual fee | Rewards |
|---|---|---|---|
| Qantas Money Platinum (this card) | 20.99% p.a. | $349 p.a. | 1 pt per $1 spent |
| Latitude Low Rate Mastercard - Balance Transfer Offer | 13.99% p.a. | $69 p.a. | — |
| Kogan Money Credit Card - Balance Transfer Exclusive Offer | 21.99% p.a. | No annual fee | 1 pt per $1 spent |
| Latitude 28° Global Platinum Mastercard | 28.99% p.a. | No annual fee | — |
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