The invention discloses a catalyst for preparing 1,3,3,3-tetrafluorohydrazine propylene from 1,1,1,3,3-perfluoropropane. The composition is MxOy / AlF3, wherein a carrier AlF3 is an active carrier which is of an alpha phase structure, has the specific surface area greater than 150 m<2>.g<-1> and has the aperture distribution concentrated at 15 to 40 nm; MxOy is one of MgO, Fe2O3, Co2O3 or CuO; the mole ratio of MxOy to AlF4 is 1: (5 to 50). A preparation method of the catalyst comprises the following steps: carrying soluble salt of any element of Mg, Fe, Co or Cu through active alpha-phase AlF3 which has a large specific surface area and a mesoporous structure and serves as the carrier via an equivalent immersion method, and preparing the catalyst through drying and high temperature roasting. The catalyst disclosed by the invention is excellent in performance; in a preparation process, no expensive noble metal compounds are needed, the cost is low, and the activity is high; during reaction at 280 DEG C, the conversion ratio of the 1,1,1,3,3-perfluoropropane is 70 percent or above, and the catalyst is long in service life and can stably work for 360 hours; meanwhile, no diluting gas is fed in the reaction process, and the catalyst has industrial application value.