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Stand by for platinum with Qantas Premier Mastercard

June 7, 2017 Headline News No Comments Email Email

Qantas, which is involved in everything from pre-paid travel cards to life insurance – quite apart from actually flying – has now launched a high-points credit card that will give cardholders who sign up enough points to fly from Sydney to London, provided they meet required criteria.

The exact offer is 60,000 bonus Qantas Points upon sign-up for cardholders who spend AUD 3000 with the card within 90 days of card approval. That many points is enough for an “Economy Classic Flight Reward” (economy class flight) from Sydney to London.

Qantas’ own credit card – the Qantas Premier Mastercard issued by Citi – officially launched Monday with applications for the platinum card now open. The Qantas logo already features on co-branded frequent flyer credit cards, such as ANZ Visa, and has for years, but this is something different.

The Qantas Premier Mastercard issued by Citi will reward Qantas Frequent Flyer members with an earn rate of up to two Qantas Points per dollar spent.

It will award two Qantas Points per AUD 1 spent on Qantas, such as flights, Qantas Club membership, and purchases through the Qantas Store; 1.5 Qantas Points per AUD 1 spent on eligible purchases overseas; and one Qantas Point per AUD 1 spent on eligible purchases in Australia.

Points earning potential is uncapped.

In addition, cardholders will receive exclusive Qantas travel benefits including:

  • Up to 20% discount on selected domestic companion fares once a year when booking with the Qantas Premier credit card through the Qantas Premier Concierge (which also provides services like restaurant recommendations and reservations and booking tickets to special events).
  • Two complimentary lounge invitations each anniversary year.
  • Complimentary travel insurance.

Qantas has also announced a new Qantas Money platform which will bring together Qantas Premier, Qantas Cash – the prepaid travel money card – and the new Qantas Money app.

Qantas Loyalty chief executive Lesley Grant said the new credit card offered Qantas Frequent Flyers the opportunity to earn more points and access some great benefits when they travel.

“We know the option to earn Qantas Points influences consumer behaviour and so we expect the high earn rate attached to this card to make it very popular,” Grant said.

“The card has extra appeal for those who fly regularly, because of its ability to access fare discounts and lounge passes.

“From our perspective, this is an important next step in evolving the Qantas Loyalty business. It’s an expansion of the financial products we offer and opens the opportunity for us to share directly in the card economics,” Grant added.

Qantas Loyalty already competes in the financial services market, with 35% of credit card spend in Australia earning Qantas Points on Qantas Frequent Flyer co-branded cards. Qantas also has a 17% share of the prepaid travel card market with Qantas Cash. Since its launch in August 2013, around 670,000 cards have been activated and almost AUD 3 billion of funds loaded.

Edited by Peter Needham

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