Qantas’s budget offshoot, Jetstar, offers credit card holders who are passionate about flying the chance to cash in on everyday purchases.
Thanks to the airline’s affiliation with heavyweight Qantas, you have the choice of earning Jetstar Dollars or Qantas Points.
With the added incentive of interest-free days, its promotional balance transfer offer and complimentary travel insurance deals, these can be ways to save money on credit cards.
Jetstar credit card options
The Jetstar MasterCard is the standard product but the Platinum MasterCard cranks it up with a higher earning rate while offering more privileges. Consumers can earn Jetstar Dollars or Qantas Points on everyday purchases and these can be redeemed later as Jetstar travel vouchers or flights with Qantas and its partners.
Jetstar rewards cards
You earn points with the Jetstar MasterCard and Jetstar Platinum MasterCard as you go. You choose either Qantas Points or Jetstar Dollars. The earning rates vary and you must note that the Qantas loyalty gig comes with a fee.
The Platinum MasterCard has more earning power but it also comes with a higher annual fee than your standard Jetstar MasterCard.
Jetstar platinum cards
The Jetstar Platinum MasterCard offers higher rewards, complimentary travel insurance and purchase insurance. This card also gives you the bonus of a concierge service that could be anything from being your personal assistant booking travel plans to restaurant reservations. This premium credit card attracts a higher annual fee than the Jetstar MasterCard so it would pay to seriously assess that the costs don’t outweigh the actual benefits. The Jetstar MasterCard has an annual fee of $69 and has a 14.99 per cent interest rate on purchases, while its platinum sibling costs $169 per year to maintain and attracts an interest rate of 19.99 per cent.
Benefits with Jetstar
Both these Jetstar credit cards can yield value for money, but it does come down to individual need. These cards do entitle you to some distinctive Jetstar privileges:
You will receive 1 Jetstar Dollar for every $100 spent. The Jetstar MasterCard holder then receives a $100 Jetstar flight voucher once you acquire 100 Jetstar Dollars. The Platinum cardholder will collect 1 Jetstar Dollar per $50 spent (up to $2,500 per statement, after which it dips to 1 Jetstar Dollar per $100). Platinum consumers will receive a $200 travel voucher once they have accumulated 200 Jetstar Dollars. Jetstar then gives you up to six months to use the voucher to pay towards your travel. You can earn up to 500 Jetstar Dollars per year with your Jetstar MasterCard; and up to 2,500 Jetstar Dollars and up to 100,000 Qantas frequent flyer points with the Platinum version.
Qantas frequent flyer program
The Jetstar credit cards offer you the chance to clock up rewards with the Qantas Frequent Flyer program. You can redeem your points for flight rewards with Qantas and its airline partners and also have access to products from the Qantas store which includes Qantas Hotels and Qantas Insurance. You can also transfer your Qantas Points from your frequent flyer account to an eligible family member’s account.
Using a Jetstar MasterCard will give you accessibility to over 30 million merchants in over 200 countries and about 1.5 million ATMs.
Avoid transaction fees
By using a Jetstar credit card to book a Jetstar flight, you will be exempt from paying credit card or debit card transaction fees.
You will have a buffer of up to 55 days for interest-free purchases if your balance is paid before the statement period ends.
Redeeming your Jetstar Dollars
When you have accumulated 100 Jetstar Dollars with a Jetstar MasterCard or 200 Jetstar Dollars with a Jetstar Platinum, they will be converted into travel vouchers worth $100 or $200. You can use your travel vouchers for bookings by following this guide:
- Go to Jetstar.com and follow the prompts to enable your booking.
- Click on “use a voucher or gift card” when you are on the payment page.
- Enter your voucher number and click on “apply”.
Are there any conditions with Jetstar credit cards?
There are some terms and conditions tailored around the Jetstar travel vouchers:
- The Jetstar vouchers have a shelf life of six months for bookings.
- All travel is subject to flight availability at the time of your booking and Jetstar’s conditions of carriage.
- Jetstar travel vouchers can only be used for holiday accessories when they are booked in conjunction with a Jetstar flight. The vouchers can be used to pay for flights and holiday packages including accommodation, transfers, insurance, taxes, fun activities or any charges related to internet or call centre bookings.
- If your booking costs outweigh the worth of your vouchers, the remaining balance can be fixed by credit card, debit card, PayPal or POLi.
What are the eligibility criteria for Jetstar credit cards?
Income: Both cards require you have a minimum annual taxable income of $30,000.
Residential status: You must be either an Australian citizen or a permanent resident. Temporary residents don't make the cut.
Legal age: You must be 18 years or older to be eligible.
Credit rating: You must have a good credit rating to qualify for a Jetstar credit card. Your card limits will be based on your financial status.
Where does Jetstar fly to?
Jetstar services up to 20 domestic centres and also flies to overseas destinations like Indonesia, Honolulu, New Zealand, Singapore, Macau, Japan, Myanmar, Cambodia, Malaysia, Thailand, Philippines and Vietnam. With the added benefit of the Qantas frequent flyer program consumers, can also hook up with Qantas partners like British Airways, Emirates and American Airlines to travel further.
Virgin Australia Velocity Flyer cards
There are many other comparable frequent flyer options on the market like Jetstar rival Virgin Australia’s Velocity Flyer card. Budget carrier Tigerair is on Virgin’s bandwagon so that helps add value to Virgin’s Velocity credit cards.
The Virgin Australia Velocity Flyer Card comes with a $129 annual fee but a higher purchase interest rate of 20.74 per cent per annum, and like the Jetstar credit cards no rewards are eaned through cash advances.
Velocity’s interest-free period is capped at 44 days provided you don’t have an outstanding balance. To be eligible for this credit card one must earn at least $35,000.
Virgin Australia’s Velocity High Flyer is targeted at the more serious traveller. It costs $289 in yearly fees and one will need to earn $75,000 per annum to be eligible. This card comes with perks that include complimentary travel insurance, access to Virgin Australia’s domestic lounge, extended warranty on purchases or up to 12 months, personal concierge, fraud shield and transit accident insurance.
Credit card currency conversion
For the frequent traveller, it also pays to check if your credit card will incur currency conversion charges (up to 4 per cent) while making purchases overseas. There are credit cards on the market that waive this fee, and for the well-travelled big-spender this can translate into substantial savings. As the use of personal cheques declines in the evolving Australian payments system, it pays to shop around and be armed with a credit card that suits your needs and budget.