Citibank is offering two credit cards for Australian residents that come with big Qantas Frequent Flyer bnonuses.
Only 1.4% of this blog’s visitors last month came from Australia. So what makes that relevant (at least to 98.6% of you)?
- Big credit card bonuses are no longer strictly a U.S. phenomenon. While bonuses outside the U.S. tend not to be as large, and vary tremendously by market, this is the first time I’ve seen a 100,000 mile offer outside the U.S.
- Bonuses are headed in the ‘right’ direction worldwide, rather than wondering whether world trends would shrink US bonuses.
- Australia has done the most to limit credit card interchange fees, so as credit card processors enter settlements that have similar effects in the U.S. the Australian market can be seen as one potential extreme direction that the U.S. might go. And there are still big bonuses.
That said, 100,000 Qantas points don’t necessarily go that far. Here’s the Qantas award chart. Partner awards are more expensive. Los Angeles – Sydney roundtrip in first class (without any add-on flights) is 288,000 miles plus fuel surcharges.
The cards have big fees — $348 per year for the 80,000 mile signup offer and $749 for the 100,000 mile version of the card — but have no minimum spend requirement. The premium card comes with unlimited Priority Pass lounge access for the cardholder and a guest.
A 100,000 mile signup bonus, though, is enough for 12 economy one-way segments between Sydney and Canberra. It’s also enough for one-way business class Sydney – Los Angeles or roundtrip business class Sydney – Jakarta. So definitely worth signing up for in the Australia market.
(HT: Australian frequent flyer blog Point Hacks)