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Platinum Mastercard (Qantas Points)



Electronic Wallet Service

Important Rates


Balance Transfer

Overseas spending



Earn Rates

RateCard TypeEarnsCondition
0.5 points for $1 spentMastercarduncappedEligible purchases
  • Free Domestic Travel Insurance
  • Free International Travel Insurance Cover lasts for 30 days per year
  • Purchase Protection Cover lasts for 90 days per year
  • Extended Warranty
  • Concierge


One of the main drawcards of the Jetstar Platinum Mastercard is the ability to join Qantas’ Frequent Flyer Rewards.

Cardholders can earn points towards Qantas flights, bookings with affiliated hotels and goods from the Qantas online store. Other perks include discounts on food and beverage purchased during Qantas flights, 24/7 concierge service, no booking or service fee on Jetstar flights, and no interest for six months on any flight or hotel purchased from Jetstar.

A range of complimentary insurances is also on offer, including overseas travel insurance and extended warranty insurance.

This card has a low annual fee for the first year, after which a moderately high annual fee applies. Balance transfers come with a 0 per cent interest rate for the first 14 months. Once this period is over, repayments revert to the standard variable interest rate.

  • Qantas Frequent Flyer program
  • Complimentary insurance
  • 0% balance transfer offer
  • Moderately high interest rate
  • Annual fee for additional cardholders
  • Low annual fee increases after first year

Who is it good for?

If you like going on holidays, shopping for brand-name goods and enjoying the finer things in life, the Jetstar Platinum Mastercard may appeal to you.

The card’s Qantas Frequent Flyer program allows you to earn points towards a range of rewards. Frequent travellers may appreciate complimentary overseas travel insurance cover and the chance to earn discounts on flights and hotel bookings. For those who prefer to shop, you can redeem points for a wide range of luxury goods, alcohol and branded appliances from the Qantas store.

Before signing up, though, it’s worth considering your current credit card usage and whether you regularly use your credit card for bills and purchases. If you don’t use your card frequently enough to earn points, you may want to look for a product that offers other features.

What RateCity says

This card offers some financial benefits, but be sure to read the fine print. Customers who transfer their balance from their existing credit card can take advantage of a 0 per cent interest rate, but this only lasts for 14 months before you revert to the card’s moderately high interest rate.

Although this card has a low annual fee compared to other platinum credit cards, it only applies for one year before increasing to a higher fee. Additional cardholders are also charged an annual fee – a potential downside if you want to add someone else to your account.

There are some benefits to this product, such as the Qantas Frequent Flyers program, complimentary insurance and access to a 24/7 concierge service. But if saving money is your priority over bells and whistles, it may be worth shopping around for a product that offers a lower interest rate. 


To be eligible for the Jetstar Platinum Mastercard, you must be a permanent Australian resident and at least 18 years of age. You must also have a good credit history and earn a minimum taxable income of $30,000 per year. The application process can be done online – just make sure you have your ID documents and financial details handy. For more information on this card’s serviceability criteria, visit the Macquarie Bank website.

About the lender

The credit provider and issuer of the Jetstar Platinum Mastercard is Macquarie Bank: a diverse financial group that provides a robust risk management framework for investors and customers. Macquarie Bank’s commercial arm offers customers a full suite of retail banking products such as home loans, bank accounts and credit cards. Digital banking tools – for example, mobile banking, tap-and-go pay options, an app that can track your spending – are available to the bank’s customers.

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