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Qantas Platinum Credit Card

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Basic

Electronic Wallet Service

Important Rates

Rates

Balance Transfer

Overseas spending

Rewards

Eligibility

Earn Rates

RateCard TypeEarnsCondition
1 point for $1 spentVisauncappedWoolworths, BIG W, Caltex Woolworths, BSW, Dan Murphy's and Cellarmasters
0.5 points for $1 spentVisauncappedeligible purchases
  • Free Domestic Travel Insurance
  • Free International Travel Insurance Cover lasts for 30 days per year
  • Purchase Protection Covers up to $2,500 per item and $25,000 per year with a $500 excess
  • Extended Warranty Warranty is extended for the same duration as the original warranty up to 1 year.
  • Rental Car Excess Insurance Covers up to $5000 with a $500 excess per claim
  • Concierge

Compare and review credit cards with similar features

Heritage Bank

Platinum

Basic
Minimum credit limit
Minimum credit limit
$6,000
Minimum credit limit
$3,000
Minimum credit limit
$3,000
Minimum credit limit
$6,000
Minimum repayment dollars
Minimum repayment dollars
$25
Minimum repayment dollars
$10
Minimum repayment dollars
$10
Minimum repayment dollars
$30
Minimum repayment percent
Minimum repayment percent
2
Minimum repayment percent
3
Minimum repayment percent
3
Minimum repayment percent
3
Number free supplementary
Number free supplementary
0
Number free supplementary
1
Number free supplementary
1
Number free supplementary
2
Annual Fee
Annual Fee
$295
Annual Fee
$149
Annual Fee
$89
Annual Fee
$125
Late Payment Fee
Late Payment Fee
$20
Late Payment Fee
$15
Late Payment Fee
$15
Late Payment Fee
$20
Over limit fee
Over limit fee
$20
Over limit fee
$0
Over limit fee
$0
Over limit fee
$0
Duplicate statement fee
Duplicate statement fee
$0
Duplicate statement fee
$0
Duplicate statement fee
$0
Duplicate statement fee
$8
Supplementary card annual fee
Supplementary card annual fee
$65
Supplementary card annual fee
$0
Supplementary card annual fee
$0
Supplementary card annual fee
$0
Rates
Purchase Rate
Purchase Rate
19.99%
Purchase Rate
19.99%
Purchase Rate
11.99%
Purchase Rate
17.99%
Cash advance rate
Cash advance rate
21.49%
Cash advance rate
21.99%
Cash advance rate
13.99%
Cash advance rate
17.99%
Balance Transfer
Balance Transfer Rate
Balance Transfer Rate
Balance Transfer Rate
Balance Transfer Rate
Balance Transfer Rate
0%
for 12 months then 17.99%
Transfer Limit
Transfer Limit
95%
of the chosen credit limit
Transfer Limit
100%
of the chosen credit limit
Transfer Limit
100%
of the chosen credit limit
Transfer Limit
95%
of the chosen credit limit
Overseas spending
Foreign Exchange Fee
Foreign Exchange Fee
3% on Visa
Foreign Exchange Fee
3% on Mastercard
Foreign Exchange Fee
3% on Mastercard
Foreign Exchange Fee
2.5% on Visa
Overseas charges
Overseas charges
$6
Overseas charges
$5
Overseas charges
$5
Overseas charges
$5
Estimated ATM Cost
Estimated ATM Cost
$15
for AU $300 withdrawal
Estimated ATM Cost
Estimated ATM Cost
Estimated ATM Cost
$12.5
for AU $300 withdrawal
Rewards
Program name
Program name
Qantas Frequent Flyer
Program name
Qantas Frequent Flyer
Program name
Program name
Heritage Credits
Rewards Available
Rewards Available
Gift Card, Domestic Flights, International Flights
Rewards Available
Gift Card, Domestic Flights, International Flights
Rewards Available
Rewards Available
Gift Card
Points Per $1 Spend
Points Per $1 Spend
Up to 0.75earn 0.75 points for $1 Visaeligible purchases
Points Per $1 Spend
0.6capped at20000/Monthlyearn 0.6 points for $1 Mastercardeligible transactions
Points Per $1 Spend
Points Per $1 Spend
0.002uncappedearn 0.002 points for $1 Visaeligible transactions
Eligibility
Minimum age
Minimum age
18
Minimum age
18
Minimum age
18
Minimum age
Minimum income
Minimum income
$35,000
Minimum income
Minimum income
Minimum income
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Features

The Woolworths Qantas Platinum Credit Card has a high interest rate, a moderately high annual fee (although it is moderate for the first year) and a moderate maximum interest-free period. It also comes with a high late payment fee.

Cardholders can earn Qantas Points for eligible purchases as part of the Qantas Frequent Flyer program. Points can be redeemed for flight discounts and upgrades with Qantas and their partner airlines, as well as other rewards.

Additionally, customers have access to Visa Luxury Hotels collection access benefits, including free in-room internet, room upgrades and more.

Customers also have several complimentary insurance options, including travel insurance and purchase security insurance, among others.

A 0 per cent balance transfer deal applies to this card for an introductory period. Additional cards are also allowed for a fee. In terms of security, customers are protected by Visa’s Zero Liability Policy for fraudulent transactions.

Pros
  • Qantas Frequent Flyer program
  • Complimentary insurance options
  • Balance transfer deal
Cons
  • High interest rate
  • High late payment fee
  • Fee for additional cardholders

Who is it good for?

This card is a good option for current Qantas Frequent Flyer members (or partner airline members) who regularly make purchases on their credit card and are diligent about paying off their balance each month.

For these customers, the Woolworths Qantas Platinum Credit Card card offers the potential to save money on flights and travel insurance. It does come with international spending fees, though, so it isn’t especially suitable for using while travelling overseas.

People who are thinking about changing credit cards or want to pay off existing debt faster would also benefit from this card’s introductory balance transfer deal.

Conversely, those on a strict budget or who aren’t always able to clear their balance before interest accrues are probably not a good fit for this card due to its high interest rate. 

What RateCity says

The Woolworths Qantas Platinum Credit Card is a solid frequent flyer credit card with all the usual benefits you might expect, including a frequent flyer rewards program and complimentary insurance.

While the interest rate is high (which is standard for a platinum rewards card), this card’s introductory moderate annual fee is lower than some other comparable cards, which could also be an additional drawcard for some.

Likewise, the balance transfer deal is likely to be an incentive for people thinking about making the switch.

On the other hand, if you plan to share a credit card account, you’d probably be better off looking elsewhere for a card that allows free supplementary cardholders. And if you want to minimise the risk of debt, it might also be worth choosing a card with a lower interest rate and fees. 

Applying/eligibility

To be eligible for the Woolworths Qantas Platinum Credit Card, you must be at least 18 years old and an Australian permanent resident. You must also earn a minimum taxable income of $30,000 a year and have a good credit history. To apply, you will need to provide proof of identification, personal details and information about your financial standing and income, such as bank statements and payslips. Applications can be completed online. 

About Woolworths

Woolworths Money is part of the Woolworths Group. As of 2014, its credit card issuing partner has been Macquarie Bank. Woolworths Money provides consumer credit cards, as well as other products including prepaid cards, gift cards and insurance. Customers can manage their account via the Woolworths online customer portal and the Woolworths Money app. Customer service is available through the Woolworth Cards phone line, email address and via social media.

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