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Our verdict

Reduce your interest costs with a low introductory purchase interest rate and earn Qantas Points as you spend.

The Qudos Bank Visa Platinum credit card is suited to people who want to earn points while saving on interest costs. This card offers a competitive points earn rate, but you should consider how the reduced earn rate after you spend $2,500 each month could impact your overall points potential. This card charges a relatively high annual fee, especially when compared to other Qantas Frequent Flyer credit cards that offer bonus points as well as competitive earn rates. Make sure that you’re taking full advantage of the rewards and card features to help outweigh this cost.

Pros

4.99% p.a. for 5 months on balance transfers, purchases and cash advances
Complimentary overseas travel insurance
Free additional cardholder

Cons

The $2,500 spend cap before the lower earn rate kicks in is relatively low
High standard annual fee of $199 p.a.
Relatively high 19.49% interest rate
No interest-free offer on purchases or balance transfers

The Qudos Visa Platinum Credit Card rewards you with 1 Qantas Point per $1 spent on eligible purchases up to $2,500 per calendar month and 0.5 Qantas Points per $1 spent after that. You’ll pick up 1 extra Qantas Point per $1 spent on Qantas services and products. You can also save with complimentary overseas travel insurance and a low introductory rate of 4.99% p.a. for 5 months on purchases, cash advances and balance transfers.

Details

Product details

Product Name	Qudos Bank Visa Platinum Credit Card
Balance transfer rate p.a.	4.99% for 5 months, then 19.49%
Purchase rate p.a.	Purchase rate p.a. 4.99% for 5 months, then 19.49%
Interest-free period	Up to 55 days on purchases
Cash advance rate p.a.	19.49%
Min credit limit	$6,000
Max credit limit	$20,000
Card type	Visa

Eligibility

Available to temporary residents	No
Joint application	No

Rewards

Rewards program	Qantas Frequent Flyer
Bonus points	N/A
Rewards points per $ spent	1

Fees

Annual fee	Annual fee $199
Minimum monthly repayment	2% of the closing balance or $20, whichever is greater
Foreign currency conversion fee	Foreign currency conversion fee 3.65%
Overseas cash advance fee	$175
Additional cardholder fee	$0

How to apply

You can apply for the Qudos Bank Visa Platinum credit card online. Before you get started, check if you meet the eligibility criteria and have the necessary information to complete the application.

Eligibility criteria

Age. You must be over 18 years of age.
Residency. You must be an Australian resident.

Credit history. You must not have been bankrupt.
Employment. Qudos Bank doesn't list a minimum income requirement but you must be in paid employment to be eligible for this credit card.

Required documents

Personal information. This includes your full name, contact details, residential address and number of dependents.
Proof of identification. You'll need to provide a copy of your driver's licence, passport or Medicare card to perform a secure ID check online.
Income. You'll need to include details regarding your net income after tax and employment.
Finances. List any assets and their approximate value (such as properties, savings, vehicles and superannuation). You'll also be asked to list any liabilities including their balances, repayments and credit limits.

Card benefits

Earn Qantas Points. You'll earn 1 Qantas Point per $1 spent up to $2,500 per month and 0.5 points after that. You'll also score 1 additional point per $1 spent on eligible Qantas products and services in Australia. If you're not already a Qantas Frequent Flyer, you can join and save the $99.50 membership fee with this card.
Introductory interest rates. You can cut interest costs with a low introductory rate of 4.99% p.a. on purchases, cash advances and balance transfers for the first 5 months. A 19.49% p.a. interest rate applies to any debt at the end of the introductory period.

Complimentary overseas travel insurance. You'll receive complimentary overseas travel insurance when you use your Qudos Bank Visa Platinum card to pay for at least 50% of your prepaid travel costs. This cover includes medical and hospital, lost and stolen belongings and unexpected interruptions to your travel plans. Cover is extended to your family if they're travelling with you, but please note that eligibility requirements, exclusions and terms and conditions apply.
Concierge service. You can contact your 24/7 Visa Premium Concierge Service for help with anything from booking travel plans and securing tickets to a concert to organising a gift for a loved one.
Security. Your purchases will be protected by Visa's Zero Liability guarantee, so you won't be responsible for any unauthorised transactions made with your account.
Visa benefits. You can make convenient tap and pay purchases with Visa payWave. Plus, you can enjoy exclusive discounts and benefits through Visa Offers and Perks.
Mobile payments. You can conveniently tap and pay with your smartphone when you add your Qudos Bank Visa Platinum card to your Google Pay or Apple Pay account.

Rates & fees

Annual fee. This card charges a $199 p.a. annual fee.
Interest rates. Outside of any introductory offers, your purchases will attract a 19.49% p.a. interest rate.

Cash advances. If you use your card to make a cash advance, such as an ATM withdrawal, you'll immediately attract a 19.49% p.a. interest rate. This rate also applies to any remaining balance transfer debt at the end of the promotional period.
Interest-free days. If you pay your balance in full by the statement due date, you can take advantage of up to 55 interest-free days.
Currency conversion fee. If you use your card to make a foreign transaction online or overseas, you'll be charged a 3.65% fee.
Repayments. Interest is calculated annually and charged monthly. You must repay a minimum of 2% of your total outstanding balance each month.
Additional card. You can link an additional card for your spouse or a family member at no extra cost.

Sources

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Sally Finder

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John

July 17, 2023

does this card offer extended warranty coverage on purchases?

Elizabeth Barry Finder

July 28, 2023

Hi John,

No, this is not currently a benefit of the card. This card offers complimentary international travel insurance.

I hope this helps,

Elizabeth

Levo

June 12, 2016

Are Qantas points earnt on Bpay payments?

Ysa Finder

June 14, 2016

Hi Levo,

Thanks for your question.

Unfortunately, you would not be able to accrue Qantas points on BPay transactions.

Cheers,

Ysa

Ally

December 01, 2015

Can I apply for this card? My income is a $20,600 per year pension

Sally McMullen Finder

December 02, 2015

Hi Ally,

Thanks for your question. The Qantas Credit Union Visa Platinum card doesn’t list a set minimum income requirement. Instead, they’ll assess your application based on a few factors including income and credit history.

Before applying, you may wish to get in touch with the Qantas Credit Union customer service team to discuss your likelihood of approval.

I hope this has helped.

Cheers,

Sally

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Jenny

May 04, 2015

Is this uncapped please? Also, is it still 1 pt per $ for ATO, insurance, electricity, etc.?

thanks

Jonathan Finder

May 04, 2015

Hi Jenny, thanks for your inquiry!

The points earnings on this card are uncapped. Unfortunately any fee or charge, including any government charges and cash advances (bill payments) are exempt from points accumulation.

Cheers,

Jonathan

Paul

April 07, 2015

can you direct debit from a combank account to pay monthly balance

Jonathan Finder

April 08, 2015

Hi Paul, thanks for your inquiry!

Direct debit is supported from any account of your choice, including Commonwealth Bank accounts.

Cheers,

Jonathan

Qudos Bank Visa Platinum Credit Card

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