Compare Platinum Credit Cards

Platinum Credit Cards

Platinum credit cards offer premium benefits, higher spending limits and exclusive perks for people who want to get extra value from their credit card. They also offer premium extras including airline lounge passes, concierge services, rewards programs with bonus points offers, entertainment experiences and complimentary insurance covers.

Choose the right Platinum credit card that earns Qantas Points for you

There are a number of Platinum credit cards available that offer a range of exclusive features and benefits. So, when looking for a Platinum credit card, it’s a good idea to go through all the features to decide which ones are the most important to you.

Why choose a Platinum credit card?

The features of a Platinum credit card can give you extra value if you spend regularly, travel frequently or use your credit card's additional services. Platinum credit card features and benefits are a cut above those offered by standard or gold credit cards and often include:

Higher credit limit
Higher rewards or frequent flyer points per dollar spent
Higher points caps for reward programs
Complimentary travel and purchase insurances
Personal concierge service
Complimentary airport lounge access
Exclusive invitations to entertainment and sporting events, and access to presale tickets.
Discounts and special promotions on travel, shopping and dining

When you're deciding on a Platinum credit card, make sure you check the annual fees and other potential costs so that you can work out whether the benefits outweigh the costs of the Platinum credit card that you choose.

What do I need to consider when choosing a Platinum credit card that earns Qantas Points?

Most major card issuers offer a Platinum product, which makes comparing credit cards to ensure they suit your lifestyle important. It is important to ask yourself important questions surrounding your spending and financial position.

Do you use credit a lot?

If you regularly pay with a credit card, the higher credit limit of a Platinum credit card could offer you more flexibility when it comes to spending. It will also help you get the most out of features such as rewards.

Do you regularly pay off your credit card?

Platinum credit cards can have high interest rates, so be sure that you can pay off your card monthly in order to enjoy the benefits fully.

How many of the features will you use?

While it’s great to have access to the wide range of features, the value comes from actually using them. Think about the features you want and how often you will use them, to decide whether or not a Platinum credit card is worth it for you.

Apart from the standard rates and fees, some of the other factors you might want to consider in your comparison include:

Rewards points: Some credit cards come with reward or frequent flyer programs, allowing you to earn reward points for every dollar you spend on eligible purchases.
Complimentary insurance: Some Platinum credit cards offer complimentary travel insurance that will cover medical and hospital expenses, loss or damage to personal property, cancellation of travel arrangements and inconvenience cover while you’re overseas.

Concierge services: Some Platinum cards offer a 24/7 concierge service that can help you with anything from travel bookings and restaurant reservations to sending a gift or securing concert tickets.
Airline lounge passes: Some Platinum credit cards offer the added luxury of airport lounge access when you travel.
Entertainment experiences: Depending on the card network you’re with, you could take advantage of presale concert tickets, exclusive competitions, discount ticket prices and more.

How do I apply for a Platinum credit card?

How you apply will differ depending on the issuer. However, it is important to keep in mind:

Applicants must be at least 18 years of age.
You must have an excellent credit history.
You must have a regular source of income. Platinum credit cards also have higher minimum income requirements
Full-time employment is preferred. If you are self-employed, retired or on a pension and can provide proof of regular income, then you may also be eligible to apply.

How do you earn Qantas Points with a Platinum credit card?
This will differ from card issuer to card issuer. Many Platinum cards also offer bonus points on sign up, although you’ll usually need to meet a spend requirement to access them.

Is balance transfer available with a Platinum credit card?
Some Platinum credit cards come with 0% balance transfer promotional offers when you meet a spend requirement. Check with the card issuer.

Are there changes on overseas transactions?
There are several Platinum credit cards that offer no foreign transaction fee. If you use your card for purchases overseas or regularly shop with foreign online merchants, a platinum card with 0% currency conversion fees could help cut costs.

Is there an interest-free period with a Platinum credit card?
Some platinum credit cards may come with promotional interest-free purchase rates. As such,platinum cards may be best suited to cardholders who regularly pay their balances in full and avoid interest. Plus, if you pay your balance in full, you’ll most likely be able to take advantage of interest-free days.

How is interest calculated on a Platinum credit card?
This would depend on the card issuer. However, the basic calculation is: Transaction amount x daily percentage rate x number of days.

What is the minimum monthly payment?
The minimum amount you have to pay by the payment due date will be shown on your credit card statement. You can choose to pay the minimum payment - or pay more. If you choose to only make the minimum monthly payment, keep in mind that you will pay more interest and it will take you longer to pay off your balance. You would need to look at the individual card holders to determine the percentage charged.

Is Qantas Lounge access available with a Platinum credit card?
Some platinum credit cards offer Qantas Lounge Invitations, you will have to refer to the individual card issuers to find out more.

What is the limit of a Platinum credit card?
Your available credit limit would depend on your card issuer and your circumstances. Compare Platinum credit cards that can earn you Qantas Points here.

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What you need to know

You must be a Qantas Frequent Flyer to earn and use Qantas Points. A joining fee may apply. Membership and points are subject to the Qantas Frequent Flyer program Terms and Conditions.

When it comes to credit cards, your bank or financial institution may use different terms. Here is a general explanation of the meaning of some of the terms used in relation to credit cards. Please keep in mind that it’s important that you read the terms and conditions of your credit card as well as the Product Disclosure Statement (PDS) to understand all the rewards, features, fees and charges and interest rates that may apply to your card.

Card products referred to are not Qantas products and not offered or issued by Qantas but by the relevant Card partners. The applicable Card Partner is the credit provider and credit licensee under the National Consumer Credit laws. Points are offered by the relevant Card partner and partner reward program and can only be earned on eligible purchases. Bonus points amounts offered are different for each credit card. Minimum spend criteria applies.