Best Credit Cards For Qantas Points in February 2024

  • Compare the top credit cards for earning Qantas points, with bonus sign up offers of up to 150,000 points.
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Qantas_American_Express_Ultimate_Card

Featured offer: American Express Qantas Ultimate Card

Get 100,000 bonus points when you apply online by 2 April 2024, are approved and spend $3k on eligible purchases in the first three months. New members only, T&Cs apply.

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Best Qantas point credit card comparison

The table below shows credit cards that earn Qantas points. By ‘best’ cards we mean the cards with the highest earn rate on everyday spending. That’s how this table is ordered, but you should consider other aspects of the cards (e.g. rates and fees) when deciding which is best for you.

Qantas American Express Ultimate Card

Qantas points per $1 spent on everyday purchases

Up to 1.25* (or 2.25 on eligible Qantas purchases and 0.5 on spending with government bodies in Australia)

Bonus sign up points

100,000 points for new Amex members who apply online by 2 April 2024, are approved and spend $3k on eligible purchases with their new card within 3 months of approval. T&Cs apply.

Annual fee

$450

Purchase rate

23.99% p.a.

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Qantas Premier Titanium

Qantas points per $1 spent on everyday purchases

Up to 1.25 (or 2.25 on Qantas spending and 2 on international purchases)

Bonus sign up points

150,000 when you spend $5k within 3 months of approval (apply by 1 May 2024).

Annual fee

$1,200

Purchase rate

19.99% p.a.

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HSBC Premier World Mastercard Qantas Option

Qantas points per $1 spent on everyday purchases

1 point per $1 spent (up to $120k) plus an extra 0.5 points per $1 in the first 12 months (up to $120k).

Bonus sign up points

n/a

Annual fee

$0

Purchase rate

19.99% p.a.

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Qudos Bank Visa Platinum Credit Card

Qantas points per $1 spent on everyday purchases

Up to 1 (or 2 on spending with Qantas)

Bonus sign up points

n/a

Annual fee

$199

Purchase rate

19.49% p.a. (4.99% for the first 5 months)

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Qantas American Express Premium Card

Qantas points per $1 spent on everyday purchases

1 (or 2 on on eligible Qantas purchases and 0.5 on spending with government bodies in Australia)

Bonus sign up points

20,000 bonus Qantas Points when you apply online, are approved and spend $3,000 on eligible purchases with your new card within 3 months of Card Membership. New Amex card members only. T&Cs apply.

Annual fee

$249

Purchase rate

23.99% p.a.

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Bankwest Qantas World Mastercard

Qantas points per $1 spent on everyday purchases

1 (capped)

Bonus sign up points

n/a

Annual fee

$270

Purchase rate

19.99% p.a.

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HSBC Platinum Qantas Credit Card

Qantas points per $1 spent on everyday purchases

1 (capped) bonus rate of 1.5 points per $1 spent applies in first year

Bonus sign up points

n/a

Annual fee

$299 ($0 in first year)

Purchase rate

19.99% p.a.

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G&C Mutual Bank Platinum Visa Credit Card

Qantas points per $1 spent on everyday purchases

1 (capped)

Bonus sign up points

50,000 when you spend $5k on eligible purchases in the first 90 days. Plus a further 10,000 bonus points each year.

Annual fee

$299

Purchase rate

19.99% p.a.

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Qantas Premier Platinum

Qantas points per $1 spent on everyday purchases

Up to 1 (or 2 on Qantas spending and 1.5 on international purchases)

Bonus sign up points

Up to 80,000 bonus points: 60,000 when you spend $3k in the first 3 months, plus an another 20,000 if you haven’t earned Qantas Points with a credit card in the last 12 months.

Annual fee

$399 ($349 in the first year if you apply by 1 May 2024)

Purchase rate

19.99% p.a.

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NAB Qantas Rewards Signature Card

Qantas points per $1 spent on everyday purchases

Up to 1 (capped)

Bonus sign up points

Up to 120,000 bonus points: 90,000 when you spend $3k in the first 60 days and another 30,000 if you keep your card for 12 months.

Annual fee

$395 ($295 in first year)

Purchase rate

19.99% p.a.

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BOQ Specialist Signature Credit Card - Qantas Points

Qantas points per $1 spent on everyday purchases

1 (capped; or 1.5 on international purchases)

Bonus sign up points

20,000 points when you use your card 10 times in the first two months.

Annual fee

$400

Purchase rate

Not advertised

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ANZ Frequent Flyer Black

Qantas points per $1 spent on everyday purchases

Up to 1

Bonus sign up points

Up to 130,000: 100,000 when you spend $5k in the first 3 months, plus another 30,000 when you keep your card for 12 months.

Annual fee

$425

Purchase rate

20.49% p.a.

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Commbank Ultimate Awards credit card with Qantas Points

Qantas points per $1 spent on everyday purchases

Up to 0.8 (or 1.2 on international purchases)

Bonus sign up points

n/a

Annual fee

Up to $420: $35/month (waived if you spend $4k during statement period)

Purchase rate

20.99% p.a.

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Qantas American Express Discovery Card

Qantas points per $1 spent on everyday purchases

Up to 0.75 (or 1.75 on eligible Qantas purchases and 0.5 on spending with government bodies in Australia)

Bonus sign up points

n/a

Annual fee

$0

Purchase rate

23.99% p.a.

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Qantas Premier Everyday

Qantas points per $1 spent on everyday purchases

Up to 0.75 (or 1.75 on Qantas spending and 1 on international purchases)

Bonus sign up points

Up to 8,000: 2 bonus points on top of the standard earn-rate for every $1 spent on eligible purchases in the first 4 months.

Annual fee

$49

Purchase rate

19.99% p.a.

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Bank Australia Platinum Rewards Visa Credit card

Qantas points per $1 spent on everyday purchases

0.75 (or 1.75 on Qantas spending in Australia)

Bonus sign up points

n/a

Annual fee

$189

Purchase rate

18.24% p.a.

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Regional Australia Bank Visa Platinum Rewards Credit Card

Qantas points per $1 spent on everyday purchases

0.75 (capped; or 1.75 on spending with Qantas)

Bonus sign up points

n/a

Annual fee

$195

Purchase rate

19.99% p.a.

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NAB Qantas Rewards Premium Credit Card

Qantas points per $1 spent on everyday purchases

Up to 0.75 (capped)

Bonus sign up points

Up to 70,000 bonus points: 60,000 when you spend $2k in the first 60 days and another 10,000 if you keep your card for 12 months.

Annual fee

$250 ($150 in the first year)

Purchase rate

19.99% p.a.

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BankSA Amplify Signature Qantas

Qantas points per $1 spent on everyday purchases

0.75 (capped)

Bonus sign up points

90,000 points when you spend $6k on eligible purchases in the first 90 days. T&Cs apply.

Annual fee

$370

Purchase rate

19.49% p.a.

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Bank of Melbourne Amplify Signature Qantas

Qantas points per $1 spent on everyday purchases

0.75 (capped)

Bonus sign up points

90,000 points when you spend $6k on eligible purchases in the first 90 days. T&Cs apply.

Annual fee

$370

Purchase rate

19.49% p.a.

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St.George Amplify Signature Qantas

Qantas points per $1 spent on everyday purchases

0.75 (capped)

Bonus sign up points

90,000 points when you spend $6k on eligible purchases in the first 90 days. T&Cs apply.

Annual fee

$370

Purchase rate

19.49% p.a.

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Westpac Altitude Black Qantas

Qantas points per $1 spent on everyday purchases

0.75 (capped)

Bonus sign up points

Up to 120,000 bonus points: 90,000 when you spend $6k in the first 120 days and an extra 30,000 points after your first eligible purchase in year 2 with the card.

Annual fee

$370 (reduced in first year for existing Westpac customers)

Purchase rate

19.99% p.a.

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ANZ Frequent Flyer Platinum

Qantas points per $1 spent on everyday purchases

Up to 0.75

Bonus sign up points

75,000 when you spend $2.5k in the first 3 months.

Annual fee

$370 (includes $75 annual Qantas Rewards Program fee

Purchase rate

20.49% p.a.

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CommBank Smart Awards Credit Card - Qantas Points

Qantas points per $1 spent on everyday purchases

Up to 0.6

Bonus sign up points

Up to 40,000 points: 10,000 each month you spend $1.5k for the first four months. Apply by 29 Feb 2024.

Annual fee

Up to $228: $19/month (waived if you spend $2k during statement period)

Purchase rate

20.99% p.a.

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Bendigo Bank Qantas Platinum Credit Card

Qantas points per $1 spent on everyday purchases

0.6 (capped)

Bonus sign up points

n/a

Annual fee

$149

Purchase rate

19.99% p.a.

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Bankwest Qantas Platinum Mastercard

Qantas points per $1 spent on everyday purchases

0.6 (capped)

Bonus sign up points

50,000 points when you spend $3k on eligible purchases within 90 days and keep the account open for 15 months.

Annual fee

$160

Purchase rate

19.99% p.a.

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BankVic Qantas Visa Credit Card

Qantas points per $1 spent on everyday purchases

0.5 (or 1 on Qantas flights)

Bonus sign up points

n/a

Annual fee

$0

Purchase rate

18.95% p.a. (8.99% for first 6 months)

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Suncorp Clear Options Platinum Credit Card - Qantas Points Offer

Qantas points per $1 spent on everyday purchases

0.5 (capped)

Bonus sign up points

40,000 bonus points when you enrol to earn Qantas Points and spend $4,500 in the first 3 months.

Annual fee

$129

Purchase rate

20.74% p.a.

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BOQ Specialist Platinum Credit Card - Qantas Points

Qantas points per $1 spent on everyday purchases

0.5 (capped; or 1 on international purchases)

Bonus sign up points

n/a

Annual fee

$150

Purchase rate

Not advertised

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BankSA Amplify Qantas Platinum

Qantas points per $1 spent on everyday purchases

0.5 (capped)

Bonus sign up points

60,000 points when you spend $3k on eligible purchases in the first 90 days. T&Cs apply.

Annual fee

$199 ($175 in first year)

Purchase rate

19.49% p.a.

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Bank of Melbourne Amplify Qantas Platinum

Qantas points per $1 spent on everyday purchases

0.5 (capped)

Bonus sign up points

60,000 points when you spend $3k on eligible purchases in the first 90 days. T&Cs apply.

Annual fee

$199 ($175 in first year)

Purchase rate

19.49% p.a.

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St.George Amplify Qantas Platinum

Qantas points per $1 spent on everyday purchases

0.5 (capped)

Bonus sign up points

60,000 points when you spend $3k on eligible purchases in the first 90 days. T&Cs apply.

Annual fee

$199 ($175 in first year)

Purchase rate

19.49% p.a.

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Westpac Altitude Qantas Platinum Credit Card

Qantas points per $1 spent on everyday purchases

0.5 (capped)

Bonus sign up points

70,000 when you spend $4k on eligible purchases within 90 days of card approval.

Annual fee

$250

Purchase rate

19.99% p.a.

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Citi Premier Qantas Card

Qantas points per $1 spent on everyday purchases

0.5 (capped; or 1 on international purchases)

Bonus sign up points

Up to 70,000 points: 50,000 when you spend $6k within 90 days and another 20,000 when you keep your card for 12 months.

Annual fee

$350 in first year, reduced to $175 in subsequent years if you spend $48k in the previous year

Purchase rate

21.49% p.a.

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Citi Prestige Qantas Card

Qantas points per $1 spent on everyday purchases

0.5 (capped; or 1 on spending with select national retailers and 1.5 on international purchases)

Bonus sign up points

100,000 points when you spend $7.5k in the first 60 days.

Annual fee

$749

Purchase rate

21.49% p.a.

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Qantas points per $1 spent on everyday purchasesBonus sign up pointsAnnual feePurchase rateVisit provider

Qantas American Express Ultimate Card

Up to 1.25* (or 2.25 on eligible Qantas purchases and 0.5 on spending with government bodies in Australia)

100,000 points for new Amex members who apply online by 2 April 2024, are approved and spend $3k on eligible purchases with their new card within 3 months of approval. T&Cs apply.

$450

23.99% p.a.

Qantas Premier Titanium

Up to 1.25 (or 2.25 on Qantas spending and 2 on international purchases)

150,000 when you spend $5k within 3 months of approval (apply by 1 May 2024).

$1,200

19.99% p.a.

HSBC Premier World Mastercard Qantas Option

1 point per $1 spent (up to $120k) plus an extra 0.5 points per $1 in the first 12 months (up to $120k).

n/a

$0

19.99% p.a.

Qudos Bank Visa Platinum Credit Card

Up to 1 (or 2 on spending with Qantas)

n/a

$199

19.49% p.a. (4.99% for the first 5 months)

Qantas American Express Premium Card

1 (or 2 on on eligible Qantas purchases and 0.5 on spending with government bodies in Australia)

20,000 bonus Qantas Points when you apply online, are approved and spend $3,000 on eligible purchases with your new card within 3 months of Card Membership. New Amex card members only. T&Cs apply.

$249

23.99% p.a.

Bankwest Qantas World Mastercard

1 (capped)

n/a

$270

19.99% p.a.

HSBC Platinum Qantas Credit Card

1 (capped) bonus rate of 1.5 points per $1 spent applies in first year

n/a

$299 ($0 in first year)

19.99% p.a.

G&C Mutual Bank Platinum Visa Credit Card

1 (capped)

50,000 when you spend $5k on eligible purchases in the first 90 days. Plus a further 10,000 bonus points each year.

$299

19.99% p.a.

Qantas Premier Platinum

Up to 1 (or 2 on Qantas spending and 1.5 on international purchases)

Up to 80,000 bonus points: 60,000 when you spend $3k in the first 3 months, plus an another 20,000 if you haven’t earned Qantas Points with a credit card in the last 12 months.

$399 ($349 in the first year if you apply by 1 May 2024)

19.99% p.a.

NAB Qantas Rewards Signature Card

Up to 1 (capped)

Up to 120,000 bonus points: 90,000 when you spend $3k in the first 60 days and another 30,000 if you keep your card for 12 months.

$395 ($295 in first year)

19.99% p.a.

BOQ Specialist Signature Credit Card - Qantas Points

1 (capped; or 1.5 on international purchases)

20,000 points when you use your card 10 times in the first two months.

$400

Not advertised

ANZ Frequent Flyer Black

Up to 1

Up to 130,000: 100,000 when you spend $5k in the first 3 months, plus another 30,000 when you keep your card for 12 months.

$425

20.49% p.a.

Commbank Ultimate Awards credit card with Qantas Points

Up to 0.8 (or 1.2 on international purchases)

n/a

Up to $420: $35/month (waived if you spend $4k during statement period)

20.99% p.a.

Qantas American Express Discovery Card

Up to 0.75 (or 1.75 on eligible Qantas purchases and 0.5 on spending with government bodies in Australia)

n/a

$0

23.99% p.a.

Qantas Premier Everyday

Up to 0.75 (or 1.75 on Qantas spending and 1 on international purchases)

Up to 8,000: 2 bonus points on top of the standard earn-rate for every $1 spent on eligible purchases in the first 4 months.

$49

19.99% p.a.

Bank Australia Platinum Rewards Visa Credit card

0.75 (or 1.75 on Qantas spending in Australia)

n/a

$189

18.24% p.a.

Regional Australia Bank Visa Platinum Rewards Credit Card

0.75 (capped; or 1.75 on spending with Qantas)

n/a

$195

19.99% p.a.

NAB Qantas Rewards Premium Credit Card

Up to 0.75 (capped)

Up to 70,000 bonus points: 60,000 when you spend $2k in the first 60 days and another 10,000 if you keep your card for 12 months.

$250 ($150 in the first year)

19.99% p.a.

BankSA Amplify Signature Qantas

0.75 (capped)

90,000 points when you spend $6k on eligible purchases in the first 90 days. T&Cs apply.

$370

19.49% p.a.

Bank of Melbourne Amplify Signature Qantas

0.75 (capped)

90,000 points when you spend $6k on eligible purchases in the first 90 days. T&Cs apply.

$370

19.49% p.a.

St.George Amplify Signature Qantas

0.75 (capped)

90,000 points when you spend $6k on eligible purchases in the first 90 days. T&Cs apply.

$370

19.49% p.a.

Westpac Altitude Black Qantas

0.75 (capped)

Up to 120,000 bonus points: 90,000 when you spend $6k in the first 120 days and an extra 30,000 points after your first eligible purchase in year 2 with the card.

$370 (reduced in first year for existing Westpac customers)

19.99% p.a.

ANZ Frequent Flyer Platinum

Up to 0.75

75,000 when you spend $2.5k in the first 3 months.

$370 (includes $75 annual Qantas Rewards Program fee

20.49% p.a.

CommBank Smart Awards Credit Card - Qantas Points

Up to 0.6

Up to 40,000 points: 10,000 each month you spend $1.5k for the first four months. Apply by 29 Feb 2024.

Up to $228: $19/month (waived if you spend $2k during statement period)

20.99% p.a.

Bendigo Bank Qantas Platinum Credit Card

0.6 (capped)

n/a

$149

19.99% p.a.

Bankwest Qantas Platinum Mastercard

0.6 (capped)

50,000 points when you spend $3k on eligible purchases within 90 days and keep the account open for 15 months.

$160

19.99% p.a.

BankVic Qantas Visa Credit Card

0.5 (or 1 on Qantas flights)

n/a

$0

18.95% p.a. (8.99% for first 6 months)

Suncorp Clear Options Platinum Credit Card - Qantas Points Offer

0.5 (capped)

40,000 bonus points when you enrol to earn Qantas Points and spend $4,500 in the first 3 months.

$129

20.74% p.a.

BOQ Specialist Platinum Credit Card - Qantas Points

0.5 (capped; or 1 on international purchases)

n/a

$150

Not advertised

BankSA Amplify Qantas Platinum

0.5 (capped)

60,000 points when you spend $3k on eligible purchases in the first 90 days. T&Cs apply.

$199 ($175 in first year)

19.49% p.a.

Bank of Melbourne Amplify Qantas Platinum

0.5 (capped)

60,000 points when you spend $3k on eligible purchases in the first 90 days. T&Cs apply.

$199 ($175 in first year)

19.49% p.a.

St.George Amplify Qantas Platinum

0.5 (capped)

60,000 points when you spend $3k on eligible purchases in the first 90 days. T&Cs apply.

$199 ($175 in first year)

19.49% p.a.

Westpac Altitude Qantas Platinum Credit Card

0.5 (capped)

70,000 when you spend $4k on eligible purchases within 90 days of card approval.

$250

19.99% p.a.

Citi Premier Qantas Card

0.5 (capped; or 1 on international purchases)

Up to 70,000 points: 50,000 when you spend $6k within 90 days and another 20,000 when you keep your card for 12 months.

$350 in first year, reduced to $175 in subsequent years if you spend $48k in the previous year

21.49% p.a.

Citi Prestige Qantas Card

0.5 (capped; or 1 on spending with select national retailers and 1.5 on international purchases)

100,000 points when you spend $7.5k in the first 60 days.

$749

21.49% p.a.

Info correct as at4 February 2024. Table is ordered by highest number of Qantas points per $ spent, then lowest annual fee, then lowest interest rate on purchases. Check with the provider for full card details, including fees, limits, terms and conditions to make sure the card is right for you. While this is an extensive list of the Qantas point-earning credit cards available, we can't guarantee that all cards available in the market are shown. *After a total of 100,000 Qantas Points is earned in a calendar year, the everyday earn rate will change from 1.25 to 1 Qantas Point per $1 spent. For Card Members who applied for the Card between 1 July 2023 – 9 January 2024, this change will come into effect from 10 July 2024.

More in our Qantas credit cards guide:

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Qantas Titanium Credit Card

Top Qantas credit card sign-up points bonus

Qantas Premier Titanium Credit Card - 150,000 bonus points

It’s perhaps not surprising that one of Qantas’s own-branded credit cards has the top sign up bonus we could find. 150,000 bonus points is about as good as it gets as a sign-up sweetener, and the earn rate on spending is generous too (up to 1.25 points per $1 on everyday purchases).

Just remember you’ll pay a high annual fee of $1,200 for this card, with a purchase rate of 19.99% (up to 55 interest-free days apply).

American Express Qantas Ultimate Card

Top Qantas credit card for ongoing points earning

American Express Qantas Ultimate Card - up to 1.25 points per $1 on everyday spend*

The AMEX Qantas Ultimate Card is tied with the Qantas Premier Titanium Card for highest earn rate per $1 spent (up to 1.25 on everyday purchases*). But it comes with a considerably lower annual fee of $450, compared to $1,200 for the Qantas Premier Titanium.

Watch for the high rate on purchases at 23.99% p.a., with up to 44 interest-free days which is lower than what many other cards offer.

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HSBC Premier World Mastercard

Top low fee Qantas credit card

HSBC Premier World Mastercard - $0 annual fee

Considering the $0 annual card fee, the HSBC Premier World Mastercard offers a lot. It has one of the better earn rates on Qantas points (1 point per $1 spent) capped at a generous $120,000 per year spend. Plus, there’s a bonus rate of 1.5 points per $1 spent in the first year.

For your $0 fee, you also get complimentary travel insurance.

The purchase rate is 19.99% p.a., with up to 55 days interest free.

Qudos Bank Visa Platinum Credit Card

Top low rate Qantas point-earning card

Qudos Bank Visa Platinum Credit Card - 4.99% for the first 5 months

As a general rule, genuinely low rate credit cards don’t offer perks like Qantas points. However, the Qudos Bank Visa Platinum Credit Card comes with an intro offer of 4.99% on purchases and balance transfers for the first 5 months.

This reverts to 19.49% p.a. with up to 55 interest-free days, which also happens to be one of the lower ongoing rates on Qantas earning cards. Just don’t mistake this for a low rate credit card if you will be revolving a balance.

American Express Qantas Business Rewards Card

Top Qantas business credit card

American Express Qantas Business Rewards Card - up to 1.25 points per $1 on everyday spend

There's also a wide range of options when it comes to business credit cards that earn Qantas points. The American Express Qantas Business Rewards Card has the highest earn rate of the cards we analysed, although the earn rate reduces to 0.75 points per $1 spent once you exceed 500,000 points in a year. Overall the total points-earning potential is uncapped.

There’s a $450 annual fee, but no further fee for adding up to 99 extra employee cards. Because it’s a charge card, there's no interest charged on purchases, but the balance must be cleared in full within the cash-flow period (up to 51 days).

How to choose the best Qantas credit card

The obvious but potentially wrong answer to this question is that the best Qantas credit card is the one that offers the most points. That could either be points per dollar spent or bonus sign-up points or, ideally, a combination of the two.

But chasing points could potentially mean signing up for an expensive card that you may not get full value from (although some people will).

It’s a good idea to look for a credit card that strikes the right balance between cost and what you get in return. In many cases, this means a middle-of-the-road card, with good points-earning potential and a relatively low fee.

Here’s a more detailed breakdown of the factors to consider.

What to look for in a Qantas credit card

Most Qantas credit cards offer some form of incentive to encourage you to take out the card initially. There is almost always a minimum spend requirement for the offer but it tends to be achievable for most cardholders based on the average credit card spend in Australia.

An important thing to be aware of is that not all earn rates on Qantas credit cards are created equal. Some cards offer more points for certain kinds of spending, with a reduced rate on other purchases. You often can’t earn points at all on the likes of BPAY payments and cash advances.

Think of this as the main cost of being able to earn Qantas points on your credit card, although some cards have a separate rewards program fee. All other things being equal, the lower the annual fee, the better. There are even a couple of no annual fee credit cards that offer Qantas points.

Having an extra cardholder (e.g. a spouse) can help you earn more Qantas points on your credit card, but in some cases there will be a fee per extra card.

Customers attracted to Qantas points often use their credit card when travelling overseas. If that’s you, consider the card’s foreign exchange fee which applies to international spending (including purchases made in Australia from overseas merchants).

CommBank and Bankwest both offer Qantas credit cards with no international transaction fees.

Most Qantas cards offer other credit card rewards, including:

There are also some Qantas credit cards that will get into an airport lounge for free a couple of times per year.

Traps to avoid when earning credit card Qantas points

Brad Kelly

Credit cards are notorious for offering incentives that reward you for spending. If this is money you would be spending anyway, this can work out well for you. But there is a risk you can end up with a lot of Qantas points but also expensive credit card debt. Below are some tips to consider to help you use your card responsibly, while also maximising your Qantas points.

Brad Kelly, Money.com.au's credit card expert

1. Don’t change your (good) spending habits to chase Qantas points

It can be remarkably easy to convince ourselves that spending more money is justified “because I’ll get points”.

The trouble is, the points you earn rarely make up for the extra money you spend. In fact, in some cases you’ll need to spend yet more money while redeeming your points, as points + pay is sometimes required.

If you’re looking for a Qantas credit card, consider a card that’s a good match for your current good spending habits (some offer higher points for shopping at certain retailers you may already use).

2. Don’t go nuts with international spending to boost your Qantas credit card points

Have you ever noticed how some Qantas credit cards offer a higher earn rate on international spending? Sounds great, but what you also need to be aware of is there will likely be a foreign exchange fee added to the cost of those purchases.

This is usually 2-3% and in many cases will comfortably cancel out the benefit you get from the extra points.

3. Watch for point-earning limits on Qantas credit cards

You need to pay very close attention to the caps and earn limits that apply to cards you’re considering. Some providers (including AMEX) are introducing limits on how many Qantas points you can earn at the highest rate.

These caps are usually fairly generous and most average spenders won’t get near them, but you still need to be aware of what you’ll actually be getting beyond the headline offer card providers advertise.

How I maximise my Qantas credit card points

Sean Callery

My wife and I have a Westpac Altitude Qantas Platinum Credit Card and use it for most of our spending. Our strategy is to keep as much of our cash savings in our home loan offset account and then use that money to clear the credit card in full each month. We save on home loan interest and usually earn enough Qantas points to pay for something worth a few hundred dollars once a year. We usually do this when the Qantas store has a sale on. 

Sean Callery, Editor of Money.com.au

What’s the best way to redeem Qantas credit card points?

The conventional wisdom is that paying for travel (i.e. booking flights) is the best way to use Qantas points. It is an airline after all.

But while this is broadly true (at least if you’re looking at the equivalent $ value of your points), it is only a useful rule of thumb if you actually need to book a flight with Qantas or a partner airline.

Another way of looking at it is that the best way to use your Qantas credit card points will be to pay for something you actually need and would be spending cash on anyway. You can convert Qantas points into a gift card for most major retailers, for example.

That way, you will definitely be saving yourself money and getting value from those points. You can always then use the money you’ve saved to pay for the flight or wine, or whatever else Qantas is advertising via its store.

Is a credit card from Qantas itself better than a card from another provider?

Qantas has a range of credit cards offering points in return for spending. But these cards are no different to Qantas point-earning cards offered by any other provider when it comes to the features and costs that may apply.

In fact, Qantas’s credit cards are issued by major bank NAB. Qantas simply rebrands these cards and sells them through its Qantas Money business.

You should assess all credit cards that earn Qantas points (whether Qantas-branded or otherwise) using the same overall criteria before deciding which one is a good match for you.

Written by

Sean Callery Editor Money.com.au

Editor

Sean Callery

Reviewed by

Brad Kelly, Payment Services

Credit Cards Expert

Brad Kelly