Qantas has released its most exclusive credit card, which comes with an annual fee of $1,200 and a minimum annual income requirement of $200,000.
The Qantas Premier Titanium Mastercard offers Qantas first class lounge access, status credits and flight discounts.
“The Qantas Premier Titanium Mastercard also offers the highest Qantas Points earn rate and the highest number of sign-up bonus Qantas Points of any Mastercard or Visa credit card currently in market,” according to Qantas.
|Spending type||Earning rates|
|International spending||2 Qantas Points per whole $1 equivalent|
|Domestic spending (up to $12,500 per statement period)||1.25 Qantas Points per whole $1|
|Domestic spending ($12,501 and above per statement period)||0.5 Qantas Points per whole $1|
|Qantas spending||2 extra Qantas Points per whole $1 equivalent|
Users will also receive 150,000 bonus Qantas Points if they spend $5,000 on the card within 90 days of approval.
What you get in return for the $1,200 annual fee
Some of the other benefits of the Qantas Premier Titanium Mastercard are:
- 20 per cent bonus status credits
- 10 per cent discount on Qantas-operated flights, for up to two bookings per year, for two people on all fare classes, for both international and domestic flights
- Two invitations for the Qantas First Lounge at Sydney international airport
- Two invitations for Qantas Club domestic lounges and select international business lounges
Qantas Premier Titanium Mastercard users could save thousands of dollars per year with the 10 per cent flight discounts, according to Qantas.
“Based on $10,000 domestic spend per month, the Titanium card has the potential to generate enough points in a year for a one-way upgrade from economy to business for two people to Honolulu or a return classic flight reward in economy for two people to Singapore.”
This card is for for big spenders
Qantas Loyalty CEO Olivia Wirth said the new credit card would appeal to the airline’s growing cohort of high-spending members.
“We started our loyalty program for frequent flyers, but as the number of partners has grown it’s actually frequent buyers who are now earning the most points,” she said.
“The top 1,000 points balances are held by members who have maximised their points earn on everyday spend, with our partners like Woolworths and Red Energy or by using Qantas Points-earning credit cards.”