First time poster, long time lurker. Be gentle.
120k points split into 20k blocks for 6 months. $1500 min spend for each month. Goodbye easy spend criteria.
2 x lounge passes a year
1 point per dollar up to $10,000
$299 annual fee after the first year
I just called and checked for myself. One year waiting period on rewards/benefits if you’ve had qantas premier card cancelled :(
20,000 bonus Qantas Points will be awarded each month when you spend $1,500 or more on eligible purchases per month, for a total of 120,000 points over the first 6 months
Seems to be $9k min spend over 6 months
Norm now seems to be 4k over 3 months, so not that much more worse.
4k, 9k. yeah not much difference
$1333.33 per month vs $1500 per month.
Or $167 month. Not that much more….
That's some good multiplication
Check for spend and bonus spend exclusions. The Qantas card is normally better than the Virgin card, but check to be safe.
Who runs the Qantas card? Which provider?
Citibank
I'm assuming anyone who got approved for the Citi Signature Qantas for 90k QFF recently would be auto declined as this card is also provided by Citi
and anyone that was declined probably shouldn't bother either which leaves not too many others.
my time to shine! being lazy does pay off
this is also my question, but did not find any details in T&C. Then I assume you can still apply and get points.
I've asked online chat about applying to different Citibank provided cards. Answer I was given was that if you are approved for one, you need to wait 9 months to apply for another. I said this was pretty shady as it needs to be stated in the t&c's
Citi hit me with a credit score query with just clicking apply putting my personal details and saving it without submitting. MOFO's
@starburstyellow: That's a pretty major problem with the deal, surely!? He didn't submit his details, just saved them. They've basically started the processing of the application without it being sent in.
@alz: You could ask for the credit query to be expunged as a mistake as you never submitted an application.
@alz: unfortunate this has happened, however thanks for the head up. I hate companies who do this, Westpac are renown for this too, happened to me with Westpac and they called me the following day to complete the application but I never submitted anything and they hit me with two credit queries!
Yes nothing like that is mentioned in terms and conditions, it just says: "Points are not awarded to account holders who already hold a Qantas Premier Everyday or Qantas Premier Titanium credit card and change their account to Qantas Premier Platinum."
So I should think it would still be fine for the bonus if you have another 'citibank' branded citibank card??
yup, i got Citi Sig 1mth ago - sent through my details. Very strong app. Auto-declined. Called back to ask for manual review.
Agent on phone said wait until 3-6 months - if not 9 as well.
FYI: i was with citibank for ~17years prior. must be some auto criteria.
i called them up, ask for manual review. All approved.
Literally just signed up for this card for 70k points after the spend, and got the card last week.
Really feel like im being stiffed.
username checks out
Use of literally just from last week does not
CBA's platinum is not too bad.
https://www.commbank.com.au/credit-cards/platinum.html?ei=aw…
100,000 Bonus Awards Points when you apply for a new CommBank Platinum Awards credit card by 31 July and spend $4,000 on eligible purchases with your new card by 31 October 2019.* $249 fee.
[CBA] Awards Points vs Qantas Frequent Flyer points. I'll bet that the CBA points aren't worth much.
What's the transfer rate to airlines?
edit: NVM, the conversion rate is horrible. That card is crap.
Noob question, how to find out the conversion?
It's set out in one of the pamphlets that you have to click on 3 different links to find. It's listed under the awards guide
https://www.commbank.com.au/content/dam/commbank-assets/cred…
@Trance N Dance: The banks own award programmes are never as good.
A good example of this is a $100 woolworths/coles gift card, if purchased through QFF; it is 19K, if you are using commonwealth points it 21k (Please note that QFFs have the best value for premium cabin redemptions)
With two kids in childcare we spend this amount a fortnight.
I'm single and spend this a fortnight
Are you buying high yield investments?
Stop voting for neoliberal idealogue LibLab Governments, like brainwashed idiots, who insist the private sector is cheaper despite their being no examples of this and many examples of the opposite being the case, eg childcare.
Just curious if you need to pay CC fee for using CC instead of DD?
Privatised childcare is really working out great for the business owners in yet another stunning ripoff by the privatised sector.
Enjoy the revoked neg.
The idea is to use the card for everyday purchases you would normally use your salary for, then pay off the credit card every month in full. It’s all about the points… no treble.
Alz mate, people have mortgages, fuel expenses, food expenses, insurances for car, health, home, income expenses spread over 12 months, travel expenses, phone expenses, internet bills, electricity or gas bills etc. that’s if you’re living home by yourself.
I was thinking the same thing as you? $1200 sounded too much, but depends on what your living circumstances are.
What's considered an eligible purchase???
Paying for full service at a local brothel by credit card.
Why the negs?
Usually it's anything apart from cash advances, balance transfers, BPAY, or government charges (such as paying your taxes, council rates, Australia Post, etc).
It sounds like they're trying to be tricky, but actually they just want you to buy a mix of ordinary stuff, rather than withdrawing it all as cash or just paying a huge tax bill.
In practice that means that basically most things (standards goods & services) are fine. If you buy some groceries, buy some petrol, buy some eGift cards, pay your power bill, pay some insurance, it's all fine and counts.
I even get points (not this card, but same exclusions) at places where technically I shouldn't (like child care through the local council, buying stamps at the Post Office, etc). I think the banks don't really care as long as it's small. But if you just did one huge transaction through the tax office or post office, that's when I'm sure they'd pull out T&Cs.
Australia Post exemption is odd. I'd consider it an everyday spend.
Yes it's very odd, but most cards seem to do it. I think they're worried about people using Australia Post billpay to pay their bills (maybe people can pay a tax bill this way?), and I think perhaps that's what they're trying to prevent giving points for. But stamps and envelopes are pretty standard everyday objects.
Edit: apparently you can pay your taxes at the Post Office, using EFTPOS or cash or cheques: https://www.ato.gov.au/general/paying-the-ato/how-to-pay/oth… (so I guess they're worried about people paying a tax bill using this card via EFTPOS).
@nickj: I’ve paid my BAS instalments at the post office, so they really don’t want to be paying QFF points on business tax payments.
I pay my council rates using postbillpay pay via PayPal with an 1.5 points/dollar amex card.. So it pays to look for alternate payment options!
Sorry I've got a noob question here.. So council rates don't count towards the minimum spend requirements due to it being a government charge. Would paying via postbillpay, through PayPal, make it eligible? Eg. Does it just show on the credit card transactions as PayPal and therefore becomes eligible, or do they still know it's a government charge?
Also, does anyone know if you can pay portions of the rates in advance? For example if I was going to be $200 short of the spend requirement one month, could I just pay $200 towards my rates?
@bbnoSam: For citibank, paying by paypal or postbillpay wont make it eligible. I tried it with Coles Mastercard (also issued by Citibank)
You can prepay electricity/gas bill if you want.
@bbnoSam: Possibly, but you can definitely bring forward other spending safely (e.g. overpay utility bills like power, phone, internet), and WW/Coles gift cards are another safe and easy bet (if you shop there anyway).
Thanks for a really thorough answer - I've always sat on the fence on getting a points card, now I think I will…
My good old neighbor has one of those instamgra kid, he told me she spends more than $2000 on clothing every fortnight………….go figure………….
May be a noob question, but if I have a current bank credit card that earns Qantas points can I apply for this or do I have to cancel my current card before I can apply for this one? TIA
You can apply for this without having to cancel your existing card.
Citibank's card with 90K QFF bonus point for a discounted first year fee of $59 (for QFF linkage) is better.
On a bonus points per dollar rate the citi card is better but the earn rate on $ spent is worse compared to this card. Depends on what your spend pattern is, it could go either way. With my spend pattern the number of points I'll get after a year is roughly the same between the two cards.
Earn bonus points, then dump the card
Card churning like that is not a good idea. It was bad under the old system because of credit checks and it's bad under the new CCR system because the amount of time that credit is open will be reported. Earn and churners will be identified and rejected.
@Trance N Dance: Meh let them reject us, if it wasn't for the points I wouldn't deal with 99 percent of these companies.
care to link us to this offer?
I did previously see this deal on finder.com.au however can't seem to find it again.
I was purposely holding off applying as they said you need to apply before 30th June.
Agreed. Valuation using 1.2 cents a point, and 2 lounge passes valued at $25 :
So although you get 1374−1080 = $294 more benefit, you have to spend $5000 more, forced over a much longer period, and watch your monthly spend like a hawk to make sure you hit the spend each month. It's going to be very easy to get it wrong one month, whereas the citibank visa signature is a straightforward total spend which you can easily finish early and then forget about. It would be far better to combine the Citibank VISA signature Qantas with another card (such as this: https://www.ozbargain.com.au/node/449187 ), and you'd still have a lower total spend ($7000 over 6 months if you do them back to back), and get more points & benefit (150,000 points total).
The main upside of the Qantas Premier Platinum credit card is that last time (and I assume now), it had a lower income limit of $35,000, and lower credit limit of $6,000, versus $75,000 and $15,000 respectively for the citibank visa signature.
I like the cut of your jib. I was too lazy to do the same analysis. Citi card for me.
Thanks for the well thought out comment that's helpful to many users.
Really appreciate it
for anyone interested I built an algorithm similar to your calculation that helps compare cards - CardTracker
Looks like for QFF, u are ranking Qantas money premier plat at 1st then Citi then Bankwest as 3rd.
Would have thought Citi would come first on the list for applying
That's an interesting site, but same as the lovepub's comment, I don't completely agree with the rankings. I have a spreadsheet with a formula for scoring & ranking the cards, it's certainly not perfect but I think it's better than the "estimated value" ranking that you are using, which does not account for the min spend.
Here's what I use:
Let:
I2 = 1st year fee
F2 = bonus points
K2 = min spend
N2 = F2/K2 (i.e. Points/spend during bonus period)
H2 = included value (which I value very conservatively, e.g. 2 lounge passes = $25, and flight credit is worth 2/3rds of face value, etc; basically I view most included value as a bit gimmicky, and coming with rules & restrictions & limited opportunities for redemption that reduce their value)
P2 = number of credit enquiries (e.g. an westpac amex bundle would be 2, most cards are 1)
rating =(450-I2)/5+N2+(F2 * 0.012-I2 * 2+H2/2)/10+N2/2-P2 * 20
I'm sure the rating formula could be tidied up a bit, it's just what I arrived at incrementally that seemed to do the job.
Then sort by rating, and it'll be pretty clear what's good and what's not.
E.g. citibank visa signature qantas scores as 193, and this card scores 147 (due to the higher 1st year fee and higher min spend). I aim to apply for cards that score 160 or higher.
@nickj: Hey sorry for slow reply - didn't see the notification.
Sweet yeah that's a much better formula than my simple one - I'll upgrade mine to be more like this one. Will reply back here once it's running
@mplatts: No worries at all!
I've also been thinking that something else that should ideally be included is the number of spend periods - e.g. this card is spend "Min Spend $1500/month over 6 months", so that would be 6 separate spending periods/buckets/slices. Most cards are just 1 period (a standard min spend amount, and then you're done). Periods/slices should be penalized because they're undesirable as they extend the time you have to hold the card, and increase the chances of not making the min spend in that month, increase your administrative overhead in monitoring the card.
So I've just updated the above formula to add:
L2 = number of periods
rating = as above - (L2-1)*5
This will give the same rating score for most cards, but ones with multiple periods like this one and the Virgin Australia Velocity Flyer Card, and the Virgin Money High Flyer (all of which are Citibank cards) get marked down. That brings the score of this card down quite a lot.
Edit: actually the bundle cards (like the Westpac Altitude Black Amex & MasterCard, and the AmEx Westpac Altitude Platinum Bundle) should really be considered as 2 periods too, since they're 2 cards with 2 separate spend limits that have to be monitored separately.
Hey mplatts, just discovered your website and I think it's pretty cool!! Website looks great too :) Also wanted to let you know that St George have updated their CC deals compared to the ones the website shows. Thanks for sharing this!
Anyone knows if paying ATO an "eligible" purchase? and will qualify for the $1500 minimum spend each month?
100% not eligible. Read the terms & conditions - they explicitly exclude "payments to the Australian Taxation Office".
Do you have a link to the eligible purchases Ts and Cs? I couldn't find them :(
On the linked Web page, scroll to the very bottom of the page, expand the "view important information" section (credit card companies usually bury the most important details in small font in a collapsed section at the bottom of the page).
Scroll to clause 7, read from "Eligible Transaction means any purchase excluding (but not limited to)" onwards.
@nickj: Many thanks. I'm in the process of getting one rewards card to collect points. I normally travel to South America (Air New Zealand, Latam). is any card you would suggest or this one is good? Sorry for the question. Just getting started in this miles/points game.
@Luckyme81: So Air New Zealand is star alliance. LATAM is oneworld.
For Miles/Points cards, in Australia it's a choice between either: Qantas points (which is oneworld), and Virgin Points (which isn't a member of any of the big 3 airline alliances, although you can transfer to KrisFlyer/Singapore airlines, but you lose around 35% of your points in the transfer).
E.g. I just checked, and using Qantas Frequent Flyer points, I can book LATAM flying Santiago to Sao Paulo one way on 2 Sept 2019, in business class, for 38,000 Qantas points + USD$26.
So I would concentrate on Qantas/oneworld cards/points if I were you, because you can potentially redeem the points for your LATAM flights. And potentially on Qantas flights to South America (or just stick with Air NZ if it works out better for you).
@nickj: Thank you so much Nick. It makes lot of sense. I'll get started researching a good deal for a credit card with QFF points :)
@nickj: It makes sense what you're saying however I just got off the phone with the credit card team and was told although government spending etc. isn't eligible for points, they do count towards the minimum $1,500 spend (?). Which is kinda confusing.
When I look at the terms and conditions again, clause 7 is a footnote to the section which tells you how many points you earn with international spend, domestic spend etc.
However Clause 1, which is a footnote next to the 'Up to 120,000 Qantas Points' at the top of the page, states:
…Up to 120,000 bonus Qantas Points offer is available to new approved Qantas Premier Platinum credit card account holders who apply by 31 October 2019, 11:59pm (AEST). … 20,000 Qantas Points will be awarded each month for the first 6 months following card approval, when $1,500 or more is spent on eligible purchases that month. Eligible purchases do not include; Cash Advances, Balance Transfers, Refunds, Chargebacks and Special Promotions.
And that's it? So it's a bit confusing. I guess to be safe only spend on eligible purchases as noted in clause 7 but from what I was told it doesn't seem so clear cut..
Sell the passes for $100. Brings the fee down to $99? :D
They usually sell privately for roughly $50 to $60 for a pair of passes.
Not sure what the deal is with the down votes. I sold a pair for $110 very recently.
Where do you sell these, eBay?
Anyone have a method to pay rent with a credit card? Extra fee might be worth the points.
See: https://www.finder.com.au/can-i-pay-rent-with-a-credit-card-…
The real estate agency has to support it, and generally it costs around 1.5% extra in fees. Can be good if you wouldn't meet the min spend otherwise, but if you can, then it's generally not worth the extra fees and hassle.
How is everyone redeeming these 120K points if not on air tickets. Is it still worth buying coles/woolworths gift cards?
Min spend $9K, ouch!
With the $200 fee attached too, this is outrageous.
What’s min credit?
Couldn't find any mention of the usual 12-month waiting period in the terms. Does that mean I can apply straight after cancelling my existing QPP card?