Wednesday, 13 February 2019

Big sign up bonus for new Qantas credit card

The Australian airline Qantas has released an ultra-premium credit card that offers Qantas First Class Lounge access, Status Credits, flight discounts and enough Qantas Points for a business class flight from Sydney to London.

The carrier has copied American Express titanium Centurion Card with the Qantas Premier Titanium Mastercard which 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.

The card, cut from metal, offers a range of benefits including:

Two Qantas First Lounge Invitations and two lounge Invitations for the Qantas Club Domestic and selected International Business Lounges.
20 per cent bonus Status Credits on Qantas flights
10 per cent discount on Qantas operated flights for up to two bookings per year for two people on all fare classes (both international and domestic)
150,000 bonus Qantas Points when you spend $5,000 within 90 days of card approval.
Two Qantas Points per $1 spent overseas, up to 1.25 Qantas Points in Australia and extra points when spending with Qantas
Qantas Loyalty CEO Olivia Wirth said the Titanium card would appeal to Qantas’ growing group of high spending members, who maximise their points earn across the program on everyday purchases.

“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,” Ms Wirth 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. The expansion of the program means you can earn points buying wine or buying a car, so the potential for larger balances without flying is huge.

“In the past 12 months, one member earned more than 30 million Qantas Points on credit card spend. That’s equivalent of over 100 round the world trips in business class.” 

Credit card spend on a Qantas Points-earning card is one of the most popular ways for members to add to their points balances. Thirty-five per cent of all credit card spend in Australia is on a Qantas or Qantas Frequent Flyer co-branded credit card.

The Qantas Premier Titanium card complements the existing Qantas Money credit cards – Qantas Premier Platinum and Qantas Premier Everyday – which both launched in 2017. However, with an annual fee of $1,200 and minimum annual income requirement of $200,000, Qantas Premier Titanium is Qantas’ most exclusive card.

Ms Wirth said the Titanium card would have specific appeal to big spenders.

“We’re seeing more and more of our members with points balances in the millions through strategic credit card use and leveraging program partners. The Qantas Premier Titanium card will help boost their points potential and deliver a more rewarding Qantas experience. It comes with a significant annual fee, but has significant benefits,” Ms Wirth said.