Australia-based Qantas Airways has launched its own credit card, Qantas Premier MasterCard, aimed at rewarding Qantas Frequent Flyer members.
Issued by Citi, the new card will reward Qantas Frequent Flyer members with an earn rate of up to two Qantas Points per dollar spent.
The card will also offer 60,000 bonus Qantas Points upon sign up when a customer spends $3,000 within 90 days of card approval.
Furthermore, it will offer customers with 1.5 Qantas Points per $1 spent on eligible purchases overseas and one Qantas Point per $1 spent on eligible purchases in Australia.
Additionally, card member will get exclusive Qantas travel benefits up to 20% discount on selected domestic companion fares once a year when booking with the Qantas Premier credit card through the Qantas Premier Concierge, two complimentary lounge invitations each anniversary year and complimentary travel insurance.
Qantas Loyalty CEO Lesley Grant said the new credit card offers Qantas Frequent Flyers the opportunity to earn more points and access some great benefits when they travel.
“We know the option to earn Qantas Points influences consumer behaviour and so we expect the high earn rate attached to this card to make it very popular.
“The card has extra appeal for those who fly regularly, because of its ability to access fare discounts and lounge passes.
“From our perspective, this is an important next step in evolving the Qantas Loyalty business. It’s an expansion of the financial products we offer and opens the opportunity for us to share directly in the card economics,” Grant added.