Qantas Money Platinum Card Review (2026)
Rates and details verified 30 September 2026
Rates can change without notice. Last verified: 30 September 2026 (AEST). Please confirm details on the bank’s official page.
Bonus points
80,000
Qantas Points, all in year one
Annual fee
$349
first year, then $399
Spend requirement
$5,000
in the first 90 days
About the Qantas Money Platinum card
This is a Mastercard from Qantas Money that earns Qantas Points directly, with no rewards program in between. The whole sign-up bonus lands in the first year, which suits people who review their cards every year.
The bonus comes in two parts. The first needs a minimum spend in the first few months. The second only applies if you haven’t earned Qantas Points on any credit card in the past 24 months, so recent Qantas card holders get only part of the headline figure.
The annual fee is $349 in year one and $399 after that. New cardholders can also move a balance across at 0% p.a. for 24 months (3% transfer fee), then 21.99% p.a..
Bonus points breakdown
| Part | Points | Condition |
|---|---|---|
| Spend bonus | 40,000 pts | Meet the minimum spend on eligible purchases: $5,000 in 90 days |
| New to Qantas cards | 40,000 pts | Only if you haven't earned Qantas Points on a credit card in the last 24 months |
Check current eligibility on Qantas Money’s website before applying.
Ongoing Earn Rates
| Spend | Qantas Points per $1 |
|---|---|
| international spend | 1.5 pts |
| domestic spend | 1 pt |
| additional on selected Qantas products and services | 1 pt |
| Beyond $10,000 domestic spend per statement period | 0.5 pts |
Perks and Extras
| Lounge access | 2 Qantas Club or Qantas international business lounge visits a yearSingle entry, per anniversary year; can be linked to a companion on the same booking |
| Travel insurance | IncludedComplimentary; cover, limits and activation rules are set by the issuer |
| Concierge | Included |
| Foreign transaction fee | Not stated |
- Discounted companion fares
- Mastercard ID theft protection
Perks as listed on Qantas Money's card page on 10 September 2026. Eligibility, registration steps and cover limits are set by the issuer and can change.
Pros and cons
Pros
- ✓ Whole bonus (80,000 points) in year one
- ✓ Qantas Points direct, no transfer step
- ✓ Reduced first-year fee ($349 vs $399 ongoing)
- ✓ Long 0% balance transfer (24 months)
- ✓ Lounge invitations and travel insurance included
Cons
- ✗ $399 ongoing annual fee
- ✗ 40,000 of the bonus is only for people new to Qantas cards
- ✗ Points only go to Qantas, with no other transfer partners
- ✗ Transfers revert to the 21.99% p.a. cash advance rate
How It Compares
- St.George Amplify Rewards Signature200,000 pts — bonus split over two years
- Qantas Money PlatinumReviewed here80,000 pts — all in year one, direct Qantas Points
- NAB Rewards Signature110,000 pts — no intl FX fee
- CommBank Smart Awards— — $228/year, no international transaction fees
Compare head-to-head
Related guides
Information verified 30 September 2026. Offers subject to change and eligibility criteria apply. Confirm current terms on Qantas Money’s website before applying. This is not financial advice.