Qantas Premier Platinum (No Qantas Points Credit Card for previous 24 months)
Churn value: $51 in gift cards.
You pay $349 in first-year fees.Spend $5,000 in 90 days.You get $400 in Woolworths gift cards.
The recorded minimum requirements are that you earn at least $35,000 a year and can take a credit limit of at least $6,000. Meeting them does not guarantee approval.
It is only worth it if you pay in full each month and close the card before the next $399 fee.
Available
This page is my best effort to summarise the card's terms from the information I found. Read the bank's terms for full details, or contact the bank if you have questions.
I'd like to use my bonus for:
Can I get this?
This offer is advertised to the public. Bonus conditions and the bank’s approval requirements still apply.
Can I get this bonus if I have held a card before?
This offer has no waiting period. New Qantas Money Platinum credit cardholders only.
See the waiting rules for every Australian bank →What must I spend?
$5,000 within 90 days — about $1,667 per month.
Can I get the card?
The minimum credit limit is $6,000. This is the least the bank may let you borrow.
You must earn at least $35,000 a year.
Meeting the bonus rules does not mean the bank will approve your application. The bank must assess and approve the card separately.
How long is this available?
I do not have an end date for this offer.
What do I do, step by step?
- Apply. Check the income and waiting rules in “Can I get this?” first. If you do not pass those, the bonus does not come.
- Spend $5,000 in 90 days on bills and shopping you had to pay anyway. Do not buy extra things just to hit the number.
- Pay in full each month. Interest can eat the whole bonus. The churn value at the top assumes you never pay interest.
- Use the points for gift cards. Points you never use are worth zero.
- Close the card before the next fee — keeping it costs $399 a year. The next section helps you decide if keeping it is worth it.
When this is not worth it
- You pay interest, or you cannot pay in full each month.
- You buy things you do not need to hit the spend target.
- You have no trip or use in mind for the points.
- You keep the card into year two out of habit and pay the fee again.
Should I keep it after the first year?
Keeping the card costs $399 each year ($399 annual fee) — the first year was $349.
There is no bonus in year two. The fee buys points on your spending, plus the card's perks.
Ongoing earn: 1.00x Qantas points per $1.
Keeping pays off only if the ongoing earn and benefits are worth $399/yr to you.
What else makes the card useful?
Travel
Travel cover and perks. Most need qualifying bookings or payment with the card.
- Travel Insurance Compare across cards →Complimentary travel insurance issued by Chubb Insurance Australia Limited covering travel-related risks as per the Qantas Premier Credit Card Complimentary Travel Insurance Terms and Conditions
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Complimentary travel insurance issued by Chubb Insurance Australia Limited covering travel-related risks as per the Qantas Premier Credit Card Complimentary Travel Insurance Terms and Conditions
- Lounge Access Compare across cards →2 visits/year · Qantas Club Domestic, Qantas operated International Business Lounges
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2 single-entry complimentary lounge invitations per anniversary year for domestic Qantas Club lounges or Qantas operated International Business Lounges (excluding LA Tom Bradley Terminal); invitation can be linked to a passenger travelling with the primary cardholder on the same booking
- Flight Discounts Compare across cards →Companion Fare benefit: up to 20% off base fares of selected domestic flights for the primary cardholder and between one and eight others travelling together on the same booking, once per anniversary year; must be booked via the booking portal and paid in full on the card
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Companion Fare benefit: up to 20% off base fares of selected domestic flights for the primary cardholder and between one and eight others travelling together on the same booking, once per anniversary year; must be booked via the booking portal and paid in full on the card
Account management
Tools for running the account — repayment helpers, not reward value.
- No Annual Fee Compare across cards →Reduced first year annual fee of $349, usually $399
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Reduced first year annual fee of $349, usually $399
- Concierge Service Compare across cards →Complimentary Qantas Money Credit Card Concierge service for the primary cardholder, available by phone for assistance such as restaurant reservations and travel bookings
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Complimentary Qantas Money Credit Card Concierge service for the primary cardholder, available by phone for assistance such as restaurant reservations and travel bookings
- Digital Wallet Integration Compare across cards →Supports Apple Pay and Google Pay for contactless payments
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Supports Apple Pay and Google Pay for contactless payments
- Online Banking Features Compare across cards →Qantas Money Credit Cards App (iOS and Android) to view credit card balance, due dates and transactions
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Qantas Money Credit Cards App (iOS and Android) to view credit card balance, due dates and transactions
- Balance Transfer Offers Compare across cards →0% p.a. for 12 months on balance transfers with a 3% balance transfer fee; reverts to the Cash Advance Rate (currently 21.99% p.a.) after 12 months; total balance transfers may not exceed 80% of credit limit
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0% p.a. for 12 months on balance transfers with a 3% balance transfer fee; reverts to the Cash Advance Rate (currently 21.99% p.a.) after 12 months; total balance transfers may not exceed 80% of credit limit
- Interest Free Periods Compare across cards →Up to 44 interest-free days on retail purchases when the Interest Free Days Payment is paid in full by the payment due date
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Up to 44 interest-free days on retail purchases when the Interest Free Days Payment is paid in full by the payment due date
- Installment Plans Compare across cards →Instalment plans available to lock in monthly repayments at a lower rate over a set term, subject to eligibility
This is a repayment plan. It does not add reward value.
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Instalment plans available to lock in monthly repayments at a lower rate over a set term, subject to eligibility
$400 in Woolworths gift cards (82,870 of 85,000 Qantas points; 2,130 left over) − $349 card fee. Assumes you earn the bonus and pay in full; extra spend or interest changes the outcome.
This offer is open now (terms from 13 Oct 2026).
What this calculation assumes
- You make the required purchases and the bonus is paid.
- You pay the balance in full — any interest changes the outcome.
- The required spend is ordinary planned spending, not extra cost.
- You close the card before the next annual fee, or you decide keeping it is worth that fee.
- Gift card prices can change. I check them again at renewal time.
Did this help you make a decision?
Bonus only if you haven’t earned Qantas Points with a credit card in the last 24 months.
Terms and evidence
Full current terms
Offer terms
Signup Bonus
80,000 points
Qantas
Minimum Spend
$5,000
within 90 days (about 3 months)
Ongoing Earn Rate
1.00x points per $1 spent
Fees
First Year Annual Fee
$349
Ongoing Annual Fee
$399
From year 2 onwards
Purchase Interest Rate
20.99% p.a.
The value above assumes you pay in full and never pay this. Any interest changes the outcome.
Benefit history (6 changes)
- Lounge AccessUpdated May 2026
Now 2 visits/year · Qantas Club Domestic, Qantas operated International Business Lounges.
- Flight DiscountsUpdated May 2026
- Digital Wallet IntegrationUpdated May 2026
- Installment PlansUpdated May 2026
- Interest Free PeriodsUpdated May 2026
- Concierge ServiceUpdated May 2026
Offer terms history (6 versions — old terms, for checking)
These are published versions of this offer's terms. Each version preserves the conditions available at that time.
Published 13 Oct 2026
Availability changed from ended to available; conditions unchanged.
Changes from terms version 4
Changes from terms version 3
Changes from terms version 2
Changes from terms version 1
First recorded terms
Captures behind the selected terms record — evidence for these terms, not a complete history of the named offer.
Discussion
About the current terms (published 13 Oct 2026).
Community and personal tools
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