3 of the Best Qantas Frequent Flyer Credit Cards

By Emma Merkas on 26/Aug/2013
If you’re flying around all the time, frequent flyer points can come in handy. I mean, why wouldn’t you collect them? The major airlines all have loyalty programs.

And while you’re at it, you might as well rack your frequent flyer points up a little quicker by considering a frequent flyer credit card so you can grab extra points while you’re just going about your daily spending business. You can earn points not just for flying, but for spending on your groceries, petrol and other (legal) “life choices”.

Just beware, frequent flyer programs and credit cards aren’t for everybody. It does take an awful lot of travelling and/or spending before your points are going to qualify you for that trip to Tahiti… and if you’re going to be cleverly hacking the system by using a credit card to rack up points, you better be good at basic financial administration or you could end up spending a lot more than it’s worth.

But if you want to dip your toes into the frequent flyer credit card arena and see what it nets you, we’ve done a round up of the most accessible frequent flyer credit cards. Starting now with the most iconic frequent flyer program in the country – Qantas.

Below are three of the Qantas frequent flyer credit cards to consider. All feature no/low annual fees, decent point-reward systems and bonus frequent flyer points on sign up.

AMEX Qantas Discovery Card

AMEXt Qantas Discovery Frequent Flyer Credit CardSo, this card is both an AMEX and a Visa or Mastercard. But you only get points if you spend on the AMEX card. AMEX is a funny one – a lot of smaller places still won’t accept AMEX, and a whole heap of places still try and sting you for a 2% surcharge on your AMEX. However, major supermarkets, petrol stations and department stores won’t do this to you. Just be aware of it as you’re spending.

The pros of this card include no annual fee, 44 days interest free and a potential 7,500 bonus points if you spend $300 on the card in your first three months of having it (earning you 5,000 bonus frequent flyer points) and when you purchase a selected Qantas product or service (2,500 bonus frequent flyer points).

You’ll get 1.00 Qantas frequent flyer point for every $1 spent on your AMEX. None if you use the Visa/Mastercard. There is uncapped points earning on this card, which is unusual for the cheaper frequent flyer credit cards.

The minimum limit on this card is $1,000. The maximum is $100,000 (yikes!). To be eligible to get the card, your annual pre-tax income must be more than $35,000. If you are self-employed you need a trading record of a minimum of 12 months.

The interest rate on purchases is at a high 20.74%, but this is pretty standard for the frequent flyer cards.

Woolworths Everyday Rewards Qantas Credit Card

Woolworths Qantas Frequent Flyer Credit CardThis is a pretty serious contender on the frequent flyer credit card playing field. It’s a MasterCard, which takes care of that pesky AMEX surcharge right off the bat. There is an annual fee with this one, but it’s pretty reasonable at $89. And if you’re not already a Qantas Frequent Flyer member, you can get membership free. That saves you $82.50.
Woolworths guarantee acceptance to this card so long as you’re between the ages of 18-63, an Australian or NZ citizen/permanent resident and have a good, no-default credit history.

It’s up to 55 days interest free (if the full balance is paid by the due date each month) and 19.99% p.a. on purchases. They offer 5.99% on balances transferred from another card for 6 months, but after that it reverts to the 20.99% cash advance rate, so watch out for that.

You’ll earn 2.00 Qantas frequent flyer points for every $1 spent in any of the Woolworths group stores when you present your Everyday Rewards loyalty card at the time of purchase, at Woolworths supermarkets, BWS, BIG W stores and Cellarmasters.

You’ll get 1.00 frequent flyer point for every $1 spent elsewhere, and a bonus 1.00 point for every dollar spent booking Qantas flights directly with Qantas.

The Woolworths Qantas Credit Card also offers uncapped points-earning and a 24/7 concierge service to help you arrange any car hire, accommodation, tickets that you might want access to.

If you already shop at Woolies, this is a solid option for gaining extra Qantas frequent flyer points.

Look out for promotional offers with sign up bonus points that will get you more than halfway to a short domestic Qantas flight if you play it right.

Bankwest Qantas MasterCard

Bankwest Qantas Frequent Flyer Credit CardBankwest tend to offer pretty decent credit card arrangements. Unfortunately this one doesn’t quite stack up to the Woolworths Qantas Card when you put them side-by-side, but given their award-winning reputation, let’s lay this one out anyway.

The balance transfer offer is more appealing than the other two cards, at 2.99% for the first 9 months. There is also a reduced annual fee of $80 on the entry-level Classic card. This reduced fee is offered for the life of the card, but the promotion could end at anytime (suspenseful!).

The interest rate on purchases is 19.49% and 21.99% on cash advance, with up to 55 days interest free.

You will need to sign up to the Qantas Frequent Flyer program separately and pay their joining fee if you aren’t already a member.

The Classic version of this card offers 1.00 point per every $2 spent, and it’s capped at 50,000 points per annum. You’ll get 2,000 of bonus sign up points right away.

Bankwest also offers a Gold and Platinum version of this credit card for eligible applicants, each with higher points-earning potential, more bonus sign up points and of course, a higher annual fee.

Some things to note for all three of these cards:
  • The bonus point offers for signing up are often conditional on spending within the first few months of getting the card. Check the fine print carefully so you know where you stand.
  • To give you some perspective 12,000 Qantas frequent flyer points will get you a one-way flight from Sydney to Melbourne. You can do the math from there on how much you spend on credit per year to see whether it’s worth it for you.
By Emma Merkas on 26/Aug/2013

Tagged as: Qantas Frequent Flyer Credit Card, Frequent Flyer, Qantas, Credit Card