When we say high-income earners, we’re talking double that of the $100,000 income required to apply for the Amex Platinum, placing the Qantas Premier Titanium MasterCard right at the top of the exclusivity pile.
So what does a $200,000 income and a $1,200 yearly fee get you?
Qantas claims the key selling point is the ability to earn 20% bonus status credits on Qantas flights booked using this credit card and operated by Qantas, which is also available for an additional cardholder at $100 extra a year. However, the bonus status credits don’t count towards attaining Platinum One status, lifetime status, loyalty bonuses or the Platinum Bonus Reward and for those salivating over tying those purchases into a Double Status Credit period, you’re fresh out of luck.
Other benefits include:
- A 10% discount on Qantas airfares up to twice per year
- Two annual Qantas First Lounge passes for use in Sydney, Melbourne or Los Angeles
- Two annual Qantas lounge passes for use at Domestic Qantas Club or Qantas International Business lounges
- Complimentary Qantas Wine Premium Membership
- Ability to earn points with the Qantas Wellbeing App
- Overseas travel insurance
Earning Points With The Qantas Premier Titanium MasterCard
With the Qantas Premier Titanium, you earn 1.25 Qantas Frequent Flyer points per dollar, plus an additional 2 Qantas points per dollar spent on Qantas products or overseas (with a 3% transaction fee) making it the highest Qantas points earning
Despite the card being aimed at frequent buyers, Qantas has chosen to cap the 1.25 earn rate at $12,500, meaning that once you’ve reached the cap, the earn rate reduces to 0.5 points per dollar spent, which in our eyes drops the appeal of the card dramatically. Even the American Express Qantas Ultimate card is uncapped, and it only costs $450 a year.
You could argue that the 10% discount on Qantas flights is appealing, especially if you’re buying Business Class fares multiple times a year (thus earning back the yearly fee in savings), but if you have the money to buy rack rate J Class tickets, you probably don’t care about the discount anyway.
Accompanying the perks and