Jetstar MasterCard review

Jetstar’s credit card compares well against other retailers’ cards for rewards.
 
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01.Jetstar rewards card

Jetstar mastercard

Following in the footsteps of major retailers Myer, Woolworths and David Jones, Jetstar has launched its own branded MasterCard and Platinum MasterCard.

Jetstar MasterCard cardholders earn one cent in Jetstar dollars for every $1 spent – 2c for every dollar spent on the Platinum card. This means you need to spend $2500 on the Jetstar MasterCard for a $25 voucher or $10,000 for a $100 voucher. The vouchers can be exchanged for Jetstar flights within three months of issue; you can use them towards any flight within six months from the date the voucher was issued. If the flight costs more than the value of the voucher, you can pay the difference. However, vouchers must be redeemed in one transaction, so if your flight costs less than the value of the voucher, you’ll lose the balance.

You can request to redeem your rewards once you have enough points for a $25 voucher, otherwise they will be sent to you automatically once you’ve enough credit for a $100 voucher, or a $200 voucher for Jetstar Platinum MasterCard holders. Voucher redemption cannot be deferred to save for a more expensive flight. You can redeem flights for yourself or for family members. Jetstar, a Qantas subsidiary, plans to introduce a Qantas Frequent Flyer reward option later this year.

CHOICE analysis

We compared Jetstar with the Myer Visa card, one of the Best Buy retailer cards in our last rewards credit card analysis. If you spend $2000 per month outside Myer on the Myer Visa card you earn $201 in vouchers (after deducting the annual fee). By contrast, $2000 per month on the Jetstar MasterCard earns you $191 in vouchers, and $331 with the Platinum card.

Good points

  • Comparatively low annual fee
  • Comparatively low interest rate
  • Simple and straightforward rewards program

Bad points

  • Short expiry date for vouchers – you can’t defer travel until you have earned a higher value voucher
  • If your flight costs less than the value of the voucher, you lose the balance
  • The accrual of Jetstar dollars has an annual cap: 500 Jetstar dollars for $50,000 spent on Jetstar MasterCard and 2000 Jetstar Dollars for $100,000 on Jetstar Platinum MasterCard
  • Other rewards programs may offer a greater variety of reward options
  • High penalty fees
  • In our last airline satisfaction member survey only 33% who flew Jetstar’s domestic service say they would “definitely” recommend the airline to others – the lowest of all domestic carriers in this survey

Verdict

Jetstar MasterCard is a competitive rewards credit card whose rewards compare well against other cards. However, it’s worth considering if you fly frequently enough with Jetstar to make full use of any vouchers you may earn.

CN-Jetstar-Card-table

 
 

 

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