Qantas Money Premium Card Review (2026)
Rates and details verified 18 May 2026
Rates can change without notice. Last verified: 18 May 2026 (AEST). Please confirm details on the bank’s official page.
Bonus points
120,000
Qantas Points (all year 1)
Annual fee
$349
first year, then $399
Spend requirement
$5,000
in first 90 days
About the Qantas Money Premium Card
The Qantas Money Premium Card is a Visa credit card that earns Qantas Points directly — making it one of the simpler Qantas points earners on the market, as there's no need to transfer from a third-party rewards program. All bonus points are earned in year one, making this attractive for customers who prefer an upfront points haul.
The full 120,000-point offer is split into two parts: 80,000 points after spending $5,000 within the first 90 days (accessible to most applicants), plus 40,000 loyalty bonus points for those who have not earned Qantas Points on any credit card in the past 24 months.
The card was formerly issued by Citibank; it is now operated by Qantas Money. The annual fee is $349 in year one and $399 ongoing.
Bonus Points Breakdown
| Bonus Component | Points | Condition |
|---|---|---|
| Base bonus | 80,000 pts | Spend $5,000 in first 90 days |
| Loyalty bonus | 40,000 pts | No Qantas Points earned on credit card in last 24 months |
Verify current eligibility at Qantas Money's website before applying.
Pros and Cons
Pros
- ✓ All 120,000 points earned in year one
- ✓ Direct Qantas Points — no transfer needed
- ✓ $5,000 spend requirement — manageable for most
- ✓ Reduced first-year fee ($349 vs $399 ongoing)
- ✓ Includes travel insurance and purchase protection
Cons
- ✗ $399 ongoing annual fee — high
- ✗ 40,000 loyalty bonus not available to recent Qantas card holders
- ✗ Points only earn in Qantas — no flexibility to other programs
- ✗ No balance transfer offer
How It Compares
- St.George Amplify Signature: 200k pts over 2y — highest total, but split across years
- Qantas Money Premium: 120k pts all in year 1 — best upfront Qantas offer
- NAB Rewards Signature: 110k pts (80k yr1 + 30k yr2), no intl FX fee
- CommBank Smart Awards: 40k pts + $100 travel credit, $228/year
Information verified 18 May 2026. Offers subject to change and eligibility criteria apply. Confirm current terms on Qantas Money's website before applying. This is not financial advice.