Qantas has launched a new Premier Titanium Mastercard credit card that gives access to its first class lounges, status credits, flight discounts and miles as sign-up benefits.
The Australian carrier describes the new card, which is cut from metal, as “ultra-premium”, adding that it card provides “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”.
Cardholders will be get several benefits, notably:
- Two Qantas First Class Lounge invitations and two invitations for the Qantas Club Domestic and selected International Business Lounges.
- 20 per cent bonus Status Credits when purchasing Qantas flights, making tier progression through the Qantas Frequent Flyer programme quicker.
- A discount of 10 per cent on Qantas-operated international or domestic flights for up to two bookings a year for two people, regardless of fare class.
- A total of 150,000 additional Qantas Points when cardholders spend A$5,000 (US$3,533) on the card within the first 90 days – enough for a business class flight from Sydney to London, according to the airline.
- An earning rate of two Qantas Points per A$1 spent overseas; up to 1.25 Qantas Points in Australia and additional points when spending with Qantas.
The card comes with an annual fee of A$1,200 (US$848) and cardholders must have a minimum annual income of A$200,000 (US$141,355).
“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,” said Olivia Wirth, CEO of Qantas Loyalty.
“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 programme means you can earn points buying wine or buying a car, so the potential for larger balances without flying is huge.”
Wirth added that one member had managed to accrue more than 30 million Qantas Points through credit card spend over the past 12 months, enough to fly 100 times around the world in business class.
The Premier Titanium Mastercard is the latest in a series of credit cards launched by the airline, including the Qantas Premier Platinum and Qantas Premier Everyday cards, which were rolled out in 2017.
