Qantas Credit Card Health Check

When you originally applied for your Qantas Credit Card you probably carried out some cursory research to ensure you where getting a good Qantas Point earn rate on your spending, a competitive interest rate, to avoid any exorbitant interest charges, and a low fees.

Chances are that since you signed up for your Qantas Credit Card the terms of the card have been changed a few times, and these changes will probably have included an adjustment that negatively impacts your earning of Qantas Points on your card spend. Qantas Credit cards which have had changes to their terms that impact point earning are listed below the comparison table, with ANZ, Bankwest, NAB and Citi Qantas Credit Cards featuring.Qantas Credit Card Health Check

The two most common changes made by the Qantas Credit Card issuers, which may impact your Qantas Point Earning are:

  1. A reduction in your Qantas Point earn rate (The number of Qantas Points per $1 of spend)
  2. The introduction or tightening of a Points Cap, which restrict the number of Qantas Points you can earn, usually across each statement cycle.

How to give your Qantas Credit Card a Health Check up

We have designed the Qantas Credit Card Point calculator to help you put your Qantas credit card to the test. Simply enter your monthly credit card spend to calculate the number of Qantas Points each of the credit cards will award you in the next 12 months, and compare this to the number of Qantas Points that your current Qantas Credit Card is earning. It’s likely that your current credit card will be featured in the table below for ease of comparison.

To rank the credit cards by the Qantas Points earned simply click the “Points Earned” column header.

The Points earned value includes any introductory Bonus Points the card may offer to new customers, to calculate the Qantas Points you will earn in subsequent years simply subtract the Bonus Points value from the Points Earned value.

Our analysis of many of the top Qantas Credit Cards indicates that over 25% of Qantas Credit Cards have amended the terms by which they award Qantas Points, resulting in a reduction in the Qantas Points earned for each $1 spent or a reduction in the number of Qantas Points you can earn, by tightening the Points cap.

To help Qantas Credit Cardholders assess if their Qantas Credit Card still delivers good value in terms of Qantas Points, competitive rates and fees we created the Qantas Credit Card Health Check-Up.

Qantas Credit Cards which have had Terms and Condition Changes related to point earning.

Recent examples of changes made to Qantas Frequent Flyer Credit Cards which may impact your ability to earn Qantas Points from your credit card spend.

 

Credit Card Date of Change to Cards Points Earning Terms Changes made to Point Earning Terms

NAB Qantas Rewards Credit Card

NAB Qantas Rewards Credit Card

July 2016

Points Cap Reduced by $30,000 per statement period

 Qantas Points will be capped at $20,000 spend per statement from July 4th 2016, previously it was $50,000 per statement period

NAB Qantas Rewards Premium Credit Card

NAB Qantas Premium Credit Card

July 2016

Points Cap Reduced by $25,000 per statement period

 Qantas Points will be capped at $25,000 spend per statement from July 4th 2016, previously it was $50,000 per statement period

 

ANZ Frequent Flyer Platinum Rewards Credit Card

ANZ Qantas Platinum Credit Card

February - March 2016

Qantas Point Earn Rate Reduced + ATO Payments no longer eligible

Visa Card point earn rate cut from 1.5 Qantas Points per $1 of spend to 1 Qantas Point per $1 of spend. American Express Card Qantas Point earn rate reduced from 3 Qantas Points per $1 of spend to 2 Qantas Points per $1 of spend.

ATO Payments will no longer earn Qantas Points as at 27th February 2016

ANZ Rewards Black Credit Card

ANZ Qantas Black Credit card

February - March 2016

Qantas Point Earn Rate Reduced + ATO Payments no longer eligible

Visa Card Qantas Point earn rate cut from 2 Qantas Points per $1 of spend to 1.25 Qantas Points per $1 of spend.

ATO Payments will no longer earn Qantas Points as at 27th February 2016

Citi Qantas Rewards Signature Credit CardCiti Qantas Signature Credit Card December 2015

Qantas Point Cap Introduced

Introduced a Points cap, with a tiered approach, previously the card had no points cap. Earn 1 Qantas Point per $1 spent on eligible domestic purchases up to $3,000 per statement period, and then 0.5 Qantas Points per $1 spent up to $10,000 per statement period.

Bankwest Qantas Gold MasterCard

Bankwest Qantas Gold MasterCard

November 2014

Qantas Point Earn Rate Reduced

Qantas Point earn rate reduced to 0.5 Qantas Points per $1 of spend

Bankwest Qantas Platinum MasterCard

Bankwest Platinum Qantas Credit Card

November 2014

Qantas Point Earn Rate Reduced

Qantas Point earn rate reduced from 1 point to 0.75 Qantas Points per $1 of spend

ANZ Frequent Flyer Classic Credit Card

ANZ Qantas Classic Credit Card

September - November 2014

Qantas Point Cap Introduced

Qantas Point caps introduced of $3,000/month on Visa and $3,000/month on AMEX. Equates to a monthly cap of 4,500 Qantas Points (AMEX: 3,000 + VISA 1,500) that is 54,000 annually. This was a significant change as previously both cards had no point caps.

ANZ Frequent Flyer Platinum Rewards Credit Card 

ANZ Frequent Flyer Platinum Credit card

September - November 2014

Qantas Point Cap Introduced

Qantas Point caps introduced of $6,000/month on Visa and $6,000/month on AMEX. Equates to a monthly cap of 12,000 points that is 144,000 annually. This was a significant change as previously both cards had no point caps.

 

Making a Balance Transfer to a Qantas Credit Card

 

Many of the Qantas Credit Cards are offering 0% p.a. Balance Transfer deals so if you are carrying a debt on your current Qantas Credit Card you could transfer this debt onto a new Qantas Credit Card, improve your Qantas Point earning and also save on interest charges. It's important to note that the balance transferred will generally not earn any Qantas Points.

 

How do I switch to a new Qantas Credit Card

  1. Applying for a new Qantas Credit Card is easy and quick, here's the steps you'll need to take:
  2. Identify the Qantas Credit Card which you wish to switch to
  3. Gather the documents you will need to complete your application, this should include your driving license, medicare card and passport. If you are retired have your centrelink card to hand.
  4. Have your Qantas Frequent Flyer Number to hand as this will be required as part of the application process, don't worry if you don't have it, you can add it later.
  5. Click the "Go To Site" button, this redirect your securely to the banks website
  6. Complete the application process, this will take around 5 minitues.
  7. Once you have completed and submitted your application you should expect a response within 60 seconds advising if you have been accepted.
  8. If you are acepted you maybe asked to visit one of the banks branches to show your photo ID.
  9. Generally your new Qantas Credit Card will be with you in 10 working days.

 

What should I do with my Current Qantas Credit Card?

Once you have recieved your new Qantas Credit card you should make sure you have settled any outstanding bills on your old Qnats Credit card and cease using it as your everyday credit card. If the old card charges an annual fee you should consider cancelling the card to save the value of the fee, if it charges no fee you may wish to keep the card as an emergency source of credit.

Frequently Asked Questions

How can I find about any changes made to the Qantas Point earning terms of my Qantas Credit Card?

Whenever your Card Issuer makes chnages to the terms of your credit card, including changes to how your credit card earns points they are legally obliged to advice you of these changes in writing. This advice will also generally be published on your credit card statement, in the months prior to the change becoming live on your account.

Can I have 2 Qantas credit cards from different card issuers linked to my Qantas Frequent Flyer Account?

Yes you can link more than one Qantas Credit Card to your Qantas Frequent Flyer Account, with any Qantas Points earned from making eligible purchases on any of the cards transferred to your nominated Qantas Frequent Flyer Account.

Do any Qantas Credit Cards charge no annual fee?

Yes a small number of Qantas Credit Cards still offer a $0 annual card fee, these include the American Express Qantas Discovery Credit Card

What does uncapped Qantas Points mean?

Increasingly the Credit Card issuers are limiting the number of Qantas Points you are able to earn from your credit card spend, this limiting is referred to as "Capping" the Points you can earn. Uncapped Qanats Credit Cards are those which have no limit or cap on the amount of Qantas Points you can earn from uisng the card to pay for eligible transactions.