Qantas Money Platinum

Name: Qantas Money Platinum
Brand: Qantas Money

Data last updated 20 July 2026

20.99%

Purchase rate

$349

Annual fee

120,000

Bonus points

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CardIQ

42Fair

Fair

Overall score, out of 100 · How this works

Airport lounge34
Balance transfer47
Frequent flyer42
Qantas Points42
Rewards37
Sign-up bonus57
Travel32

Customer reviews

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Pros & cons

What's good

120,000 bonus Qantas Points to start, worth around $1,440 at our 1.2c-per-point valuation.
12 months at 0% p.a. on balance transfers, longer than the 12-month median (3% transfer fee, reverts to 21.99% p.a.).
Complimentary airport lounge access.
Earns 1.5 points per $1 on overseas spend.

Worth noting

The $349 first-year fee (rising to $399) is high for a Platinum card, where the typical fee is about $155.
The 20.99% p.a. purchase rate sits in the most expensive quarter of cards (the median is 18.99% p.a.) if you carry a balance.
Earns 1 point per $1 on everyday spend, around the dataset average.
The 1-point rate on everyday spend applies only to the first $10,000 spent each statement period, then drops to 0.5 points per $1.

Card details

The basics

Additional cardholder fee: $50 p.a.
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

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

Repayments

Interest-free period: Up to 44 days on purchases
Minimum repayment: 2% of the closing balance or $25, whichever is greater

Balance transfers

Can't transfer from: Coles, Kogan Money, MyCard, NAB, Qantas Money
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.

Introductory purchase offer

This card has no introductory purchase rate offer. If you're carrying a balance or planning a big spend, compare 0% purchase cards.

Rewards

Earn rate

Everyday spend: 1 pt per $1 up to $10,000 per statement period
Bonus categories: None
Other purchases: None
Overseas spend: 1.5 pts per $1 on overseas spend
ATO/government: None
Reduced rate above monthly cap: 0.5 pts per $1 above $10,000 per statement period
Points cap: 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

Where these points could take you

Flights you could book with the sign-up bonus plus a year of spending $3,000 a month on this card. One-way from Sydney or Melbourne, one adult, before taxes and carrier charges. Award prices and seat availability change.

Where this card sits vs similar cards

Compared with every other personal credit card we list that has the feature. The further right the dot, the better this card does.

FeatureThis cardWhere it ranks

Rewards value$432 a yearTop 25% (13th of 95 cards)

Sign-up bonus$1,440Top 25% (14th of 59 cards)

Balance transfer0% for 12 monthsBetter than most (12th of 44 cards)

Overseas fee3.00%Better than most (53rd of 200 cards)

Purchase rate20.99%Not as good as most cards (125th of 196 cards)

Interest-free days44 daysNot as good as most cards (141st of 192 cards)

Annual fee$399 a yearAmong the most expensive (185th of 200 cards)

Data as at August 2026. Rates change often, so check the issuer's terms. Factual information, not a recommendation.

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Questions and answers

Priya14 May 2026

Do the Qantas Points I earn on this card expire if I don't fly for a while?

Credit Card CompareEditor15 May 2026

Qantas Points earned through this card don't expire as long as your Qantas Frequent Flyer account stays active. An account needs at least one points-earning or points-spending transaction every 18 months to stay active, and everyday card spend counts toward that.

Priya15 May 2026

That's good to know, thanks. Does an annual fee payment count as a qualifying transaction?

Credit Card CompareEditor16 May 2026

Yes. Any transaction that earns or redeems Qantas Points resets the 18-month clock, and the annual fee charge is a normal purchase on the card, so it counts.

Sources

Credit Card Compare: Australian credit card statisticsHow CardIQ scores cards
Government: Product reference data (Consumer Data Right)
Issuer: Qantas Money
Program: Qantas Frequent Flyer