This is an impressive frequent flyer credit card that offers up to 90,000 bonus Qantas Points, a yearly $450 Qantas travel credit and 4 complimentary lounge invitations.
The Qantas American Express Ultimate Card is loaded with frequent flyer benefits and currently offers 70,000 bonus Qantas Points when you apply online by 03 September 2024 and spend at least $3,000 on eligible purchases within the first 3 months. You can also earn an additional 20,000 points in your second year upon fee renewal. This bonus offer is competitive and could be redeemed for a return economy flight from Melbourne to Los Angeles (83,800 Qantas Points plus taxes and fees) or a return business class flight from Sydney to Christchurch (83,000 points plus taxes and fees).
The card features one of the highest earn rates available, awarding 1.25 Qantas Points per $1 spent on everyday purchases. For spending on Qantas products and services, you earn an additional 1 point per $1, totaling up to 2.25 points per $1. After reaching 100,000 points per year, the earn rate for everyday purchases drops to 1 point per $1, which remains competitive. Additional perks include lounge passes, complimentary travel insurance, and a $450 Qantas Travel Credit annually. However, it comes with a high annual fee and interest rate on purchases, so you'll need to make full use of the benefits to maximize its value.
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Pros | Cons |
|---|---|
Up to 90,000 bonus Qantas Points | High $450 annual fee |
Up to 2.25 Qantas Points per $1 spent on eligible purchases in Australia, uncapped | High 23.99% p.a. interest rate for purchases |
$450 Qantas Travel Credit each year | 3% foreign currency conversion fee |
2 complimentary Qantas Club lounge invitations each year | Only offers up to 44 days interest-free on purchases, compared to other cards that offer 55 days |
Complimentary travel insurance |
The Qantas American Express Ultimate Card stands out with the highest earn rate among Qantas-earning credit cards, offering 1.25 Qantas Points per $1 on eligible spending. For example, a $100 purchase earns 125 points. New cardholders can also benefit from a bonus points offer. To fully justify the relatively high $450 annual fee, it's essential to take advantage of the card's travel perks.
The annual fee is offset by a $450 Qantas Travel Credit, which must be redeemed through the Amex Travel website. Note that the travel credit can only be used once per booking, and the total value of the travel purchase must be at least $450. Additional benefits include two complimentary Qantas Club lounge invitations, two Centurion lounge invitations each year, complimentary travel insurance, and a Qantas Wine Premium membership.
Details of Qantas American Express Ultimate Card
Product Name | Qantas American Express Ultimate Card |
Purchase rate p.a. | Purchase rate p.a. 23.99% |
Interest-free period | Up to 44 days on purchases |
Min credit limit | $3,000 |
Card type | American Express |
Eligibility
Available to temporary residents | Yes - Conditions apply |
Joint application | No |
Rewards
Rewards program | Qantas Frequent Flyer |
Bonus points | 90,000 |
Rewards points per $ spent | 1.25 |
Rewards points cap | Uncapped |
Fee
Annual fee | Annual fee $450 |
Minimum monthly repayment | 2.5% of the closing balance or $30, whichever is greater |
Late payment fee | $30 |
Foreign currency conversion fee | Foreign currency conversion fee 3% |
Additional cardholder fee | $0 |
Number of additional cardholders | 4 |
How to Apply
If you've decided that the Qantas American Express Ultimate Card is right for you, you can apply online in approximately 10 minutes and receive a response within 60 seconds. Before you begin, ensure you meet the eligibility criteria and have all the necessary documents and information ready to complete your application.
Eligibility Criteria
New cardholder. To qualify for the introductory bonus points offer, you must not have held another American Express card in the past 18 months.
Residency. You need to be an Australian citizen, permanent resident, or hold a current long-term visa with at least 12 months remaining. Student visas are not accepted.
Age. Applicants must be at least 18 years old.
Credit history. A clean credit history with no record of bad debt or payment defaults is required.
Required Documents
Personal details. Include your full name, email address, date of birth, driver's licence number, marital status, number of dependants, and contact number.
Frequent flyer number. Provide your Qantas Frequent Flyer number to earn points with this card.
Employment information. Supply your current employment status, job title, and your employer's contact details. You may also need to provide recent payslips, your latest tax return, or your accountant's contact details if you're self-employed.
Financial information. Detail your savings, investments, and other assets. Include information about any existing debts and credit accounts, along with estimates of your regular household expenses.
This straightforward application process is designed to accommodate Australians searching for an effective credit card solution that manages existing debt efficiently while offering new purchasing power.
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