Qantas releases new ultra-premium credit card with highest points earn rate

Qantas has released an ultra-premium credit card offering some pretty serious perks.

If first class lounge access, Status Credits, flight discounts and enough Qantas Points for a business class flight from Sydney to London upon sign up sound’s good to you, you’re going to want to read on.

The new card, dubbed the Qantas Premier Titanium Mastercard, also offers 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 the market.

And it’s cut from metal, which sounds pretty damn cool to us.

But there are a few catches: the annual fee is $1,200 and minimum annual income requirement of $200,000.

If you or your clients are blessed enough to fit those requirements though, you can benefit from a range of perks including:

  • Two Qantas First Lounge Invitations and two lounge Invitations for the Qantas Club Domestic and selected International Business Lounges
  • 20 per cent bonus Status Credits on Qantas flights
  • 10 per cent discount on Qantas operated flights for up to two bookings per year for two people on all fare classes (both international and domestic)
  • 150,000 bonus Qantas Points when you spend $5,000 within 90 days of card approval
  • Two Qantas Points per $1 spent overseas, up to 1.25 Qantas Points in Australia and extra points when spending with Qantas

Qantas Loyalty CEO Olivia Wirth said the Titanium card would appeal to Qantas’ growing group of high spending members, who maximise their points earn across the program on everyday purchases.

“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,” Wirth said.

“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 program means you can earn points buying wine or buying a car, so the potential for larger balances without flying is huge.

“In the past 12 months, one member earned more than 30 million Qantas Points on credit card spend. That’s equivalent of over 100 round the world trips in business class.”