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55,000 Spend $3,000 in first 3 months
Qantas American Express Ultimate Credit Card
Qantas American Express Ultimate Credit Card

American Express Credit Cards

Qantas American Express Ultimate Credit Card

Updated 5 August 2020

Points Earn Rate (per $1 spent)

1.25

points

Qantas

Rewards Program

Qantas Frequent Flyer

Bonus Points

55,000 pts

Spend $3,000 in first 3 months

0 points over 12 months spend

My monthly card spend

Pros and cons

  • Bonus 55,000 Qantas Frequent Flyer points when you apply online, are approved and spend $3,000 on eligible purchases within the first 3 months of card approval
  • Earn 1.25 Qantas points per $1 spent on eligible purchases, except spend at government bodies in Australia where you will earn 0.5 Qantas Points per $1 spent
  • No cap on the Qantas Points you earn
  • $450 Qantas Travel Credit each year. Use your Qantas Travel Credit for eligible international or domestic Qantas flights when you book and pay online at American Express Travel
  • Complimentary domestic & international insurance when booked with the card
  • Up to 4 free additional Card Members
  • Enjoy two complimentary entries per year to the American Express Lounge, located at Sydney International Airport or Melbourne International Airport
  • Enjoy two complimentary Qantas Club lounge invitations each year after your first Card spend on selected Qantas products and services

  • Purchase rate and cash advance rate of 20.74% p.a.

Creditcard.com.au review

Editor Review

Qantas American Express Ultimate Credit Card

Roland Bleyer
Credit Card Expert with over 15 years card experience and the founder of Creditcard.com.au. about this card.

The Big Review: Qantas American Express Ultimate

A prestige rewards card packed with premium travel benefits, the Qantas American Express Ultimate is now even more appealing, offering 55,000 bonus Qantas Points to new cardholders, as well as $450 Qantas Travel Credit, Qantas Wine Premium membership, and one of the highest Qantas Point earn rates on the market.

  • Receive 55,000 bonus Qantas Points when you apply online, are approved and spend $3,000 on eligible purchases within the first 3 months of card approval
  • $450 Qantas Travel Credit each year
  • Complimentary Qantas Wine Premium membership
  • Two complimentary Qantas Club lounge invitations
  • Two complimentary entries per year to the American Express Lounge, located at Sydney International Airport or Melbourne International Airport
  • Earn 1.25 Qantas Points for every $1 spent on Card purchases, except spend at government bodies in Australia where you will earn 0.5 Qantas Points per $1 spent
  • Earn 1 additional Qantas Point per $1 spent on selected Qantas products and services in Australia
  • Complimentary domestic and international travel insurance cover
  • Complimentary purchase protection
  • Annual fee of $450
  • Minimum income requirement of $65,000
  • Standard variable interest rate on purchases currently at 20.74% p.a.
  • Applicants who currently hold or who have previously held any card issued by American Express Australia Limited in the past 18 months are ineligible for the bonus Qantas Point offer.
  • Applicants who are previous or existing bank-issued American Express companion cardholders are eligible for the bonus Qantas Point offer.

This Card: The Lowdown

As a prestige travel rewards card, the Qantas American Express Ultimate is designed for frequent travellers who want to be rewarded for their credit card spending, while also enjoying a wide range of travel-related benefits and extended travel and purchase protection.

With its 55,000 bonus Qantas Points offer, the Qantas American Express Ultimate is an incredible find for new cardholders.

In terms of travel-related benefits, the Qantas American Express Ultimate offers:

  • $450 Qantas Travel Credit to use each year on eligible international or domestic Qantas flights, booked and paid for online at American Express Travel,
  • Two complimentary Qantas Club lounge invitations after your first eligible card spend each year on selected Qantas products and services in Australia,
  • Two complimentary entries per year to the American Express Lounge, located at Sydney International Airport or Melbourne International Airport,
  • Complimentary Qantas Wine Premium membership, allowing you to enjoy gourmet food, beautiful wines and exclusive access to food and wine events around Australia.

As for added protection on travel and retail purchases, the Qantas American Express Ultimate provides:

  • Medical Emergency Expenses Cover up to $2,500,000
  • Transport Accident Cover up to $400,000
  • Travel Cancellation Cover up to $12,500
  • Baggage, Money and Documentation Cover up to $10,000
  • Travel Inconvenience Insurance up to $200 on flight departure delays
  • Refund Protection
  • Purchase Protection
  • Online Fraud Protection Guarantee

Digging Deeper

With the basics covered, it’s time to dig a little deeper into what’s on offer with the Qantas American Express Ultimate, so you can decide whether this card is right for you.

This Card: As a Rewards Card

One of the biggest drawcards of the Qantas American Express Ultimate is its rewards program. As one of the highest earning Qantas Points cards, it offers you the opportunity to earn big on your credit card spending.

  • Earn 1.25 Qantas Points for every $1 spent on Card purchases
  • Earn 0.5 Qantas Points per $1 spent at government bodies in Australia,
  • Earn 1 additional Qantas Point per $1 spent on selected Qantas products and services in Australia

On this card, there is no cap on the number of Qantas Points you can earn, and no spend cap on your earn rate. You can also earn points faster by adding family members to your account card at no additional cost.

The points you earn will be transferred automatically to your Qantas Frequent Flyer account each month. From there, you can redeem them on whatever you choose.

You could choose to redeem your points for air travel, opting for a Classic Flight Reward or a Points Plus Pay Flight, or selecting an upgrade with Classic Upgrade Rewards or Bid Now Upgrades.

Alternatively, you could use your Qantas Points to purchase or renew a Qantas Club Membership, book car hire or accommodation with Qantas Hotels, shop for premium wines and gourmet food with Qantas Wine, or invest in extra protection with Qantas Insurance.

Of course, you could also redeem your points for merchandise at the Qantas Store.

  • Electronics on offer include the Apple TV 4K (43,900 Qantas Points)
  • Home essentials on offer include the Delonghi Nespresso U Milk (54,260 Qantas Points)
  • Sports gear on offer includes the Fitbit Charge 2 Large (45,590 Qantas Points)
  • Fashion items on offer include Ray Ban Aviator Classic Sunglasses (38,350 Qantas Points) and the Fossil Men’s Q Nate Hybrid Smartwatch (49,100 Qantas Points).
  • Gift cards on offer include the Westfield Gift Card ($50 for 12,450 Qantas Points), the Woolworths Gift Card ($50 for 9,850 Qantas Points), and the JB Hi-Fi Gift Card ($50 for 9,090 Qantas Points).

(Correct as of 15 March 2018)

This Card: As a Travel Rewards Card

The ideal travelling companion for people who love to travel, the Qantas American Express Ultimate offers an outstanding range of travel-based perks.

$450 Qantas Travel Credit

Helping to offset the card’s $450 annual fee, the Qantas American Express Ultimate provides cardholders with $450 Qantas Travel Credit every year.

Replacing the card’s previous offer of one return domestic flight each year, this Travel Credit is designed to offer more flexibility, providing cardholders with $450 that can be put towards the purchase of a Qantas domestic or international flight booked through American Express Travel.

To be eligible for this Travel Credit, you must have paid the annual fee, and your account must be current and in good standing. It is worth noting that Travel Credit must be used in a single booking, and any unused portion will be forfeited. Travel Credit also can’t be carried over to the subsequent year if it remains unused.

You can redeem Travel Credit for any eligible Qantas flight you want to book, as long as there is a QF flight number on your ticket. You can’t use your Credit for accommodation or car hire unless there is a Qantas flight within the same transaction.

In terms of points-earning potential, you can earn points on the portion of the booking that is not paid for with your Travel Credit. So, if your flight costs $1250, you can earn points on $800 of that booking.

Another point to note regards fees and taxes on your booking. As these need to paid directly to Qantas through their website or over the phone, and the Travel Credit can be redeemed only through the American Express Travel website, that means you cannot use your Travel Credit to pay the fees and taxes on an award redemption.

 

Lounge Access

The Qantas American Express Ultimate provides cardholders with two types of Lounge access. As a cardholder, you will receive two complimentary Qantas Club lounge invitations each year after your first card spend on selected Qantas products and services in Australia.

So, to be eligible, you will need to book a Qantas flight (with a QF flight number) through Qantas direct, or at participating travel agents, or pay for Qantas Frequent Flyer or Qantas Club membership.

Within two weeks of that purchase, two Qantas Club Lounge Invitations will be assigned to your Qantas Frequent Flyer account. Each invitation provides you a single Lounge visit, which means you can’t bring a guest, unless you gift them one of your invitations.

Also on offer is complimentary access to the Sydney International Airport American Express lounge or Melbourne International Airport twice a year. This offer doesn’t require an eligible purchase.

This Card: Extras on Offer

Having covered the rewards program and the travel perks, it’s now time to look at the various other extras the Qantas American Express Ultimate has up its sleeve.

First up, you will receive complimentary Qantas Wine Premium membership, worth $99 per year. As a premium food and wine portal, Qantas Wine allows you to partake in gourmet food, outstanding wines and exclusive access to food and wine events around Australia. Earn 3 Qantas Points per $1 spent on Qantas Wine purchases (in addition to the 1.25 Qantas Points per $1 spent earned for spending on eligible purchases on your card).

In terms of complimentary insurance cover, this card has plenty to offer. However, it’s a good idea to check the PDS closely to find out more about the various insurance covers available, so you know exactly what’s covered – and what isn’t.

Domestic and international travel insurance includes Medical Emergency Expenses Cover up to $2,500,000, Transport Accident Cover up to $400,000, Travel Cancellation Cover up to $12,500, Baggage, Money and Documentation Cover up to $10,000, and Travel Inconvenience Insurance up to $200 on flight departure delays.

The Qantas American Express Ultimate also works to protect your purchases.

  • Refund Protection will credit your account if you're refused a refund on an unused eligible item within 90 days of purchase,
  • Purchase Protection will repair or refund eligible items if they’re accidentally broken or stolen within 90 days of purchase,
  • The Online Fraud Protection Guarantee means you won't be held responsible for any unauthorised charges online using your card details.

This Card: The Essentials

Now we’ve covered the fun bits, it’s time to get into the nitty gritty. Firstly, the annual fee is $450. This may seem like a significant amount, but when you take into account all the extras on offer, it could in fact be great value. It really depends on how much you use the features provided.

The Qantas American Express Ultimate has a standard interest rate on purchases of 20.74% p.a. As this is relatively high, it’s best to make sure you clear your balance at the end of each statement period.

To be eligible for this card, you must be an Australian citizen or permanent resident (or hold a current Business Long Stay Visa, subclass 457), you must be over 18, you must have no history of bad debt or payment default, and you must have a personal or household gross pre-tax annual income of at least $65,000.

Decision Time

With so much to offer, the Qantas American Express Ultimate is hard to say no to, especially with 55,000 bonus Qantas Points currently on offer. If you want extensive travel perks and features, and a high-earning rewards program backed by excellent customer service, this card could indeed be the one for you.

User reviews

Qantas American Express Ultimate Credit Card ( based on 8 Creditcard.com.au user reviews )

85% rating based on 8 reviews

Rates
Fees
Rewards
Customer Service
Value
90%

Jeanne

22 June 2020

Due to the virus and all flights being cancelled, at the moment I have $450 travel credit from last year sitting with Qantas and $450 from this year. I also have a total of four of those lounge passes which I will probably never use as I don't live in Melbourne or Sydney. There doesn't seem to be any option to get a refund of these payments via American Express but really I don't need to spend $450 a year just to have a credit card and the money could be put to better use in my bank account. Amex simply swiped another $450 from my account in March at the time when all flights had been cancelled. When I complained they said I can use the card for "other things" but I don't really think the "other things" justify the $450 charge. They should reduce it to $100 until Qantas is back in the air.

Recommends this card
48%

Haoming

5 February 2020

Travel credit sounds good by itself but you need to book through their website which cost more to start with, and if any changes required, other than paying amex for changes, you need to pay the airline for changes. Double unnecessary charges. Went to the melbourne amex lounge yesterday and the customer service was horrible, no one at reception and the way they tell customer last drink at 10:30 was rude and they close at 11pm, good wise? It was horrible, the worst lounge I ever been to.

Does not recommend this card
98%

JoeM

24 November 2019

As long as your doing some traveling each year you can't go wrong with this card. The $450 cost per year is redeemable, travel insurance free, and I use it for all my shopping. Direct debit entire balance each month, Plus the complementary lounge passes you can't go wrong!!!

Recommends this card

Rates and fees

Interest rates



Purchase rate 20.74% p.a.

Cash advance rate 20.74% p.a.

Interest free period on purchases up to 44 days

Credit limits

Minimum credit limt $3,000

Maximum credit limit $50,000

Fees & repayments

Annual fee $450 p.a.

Additional card holder fee Up to 4 at no extra cost

Foreign transaction fee 3%

Minimum repayment 2.5% or $30. Full closing balance for the Amex Platinum Charge Card

Cash advance fee 2%

Late payment fee $30

Rewards and points

Rewards program

Rewards Program Qantas Frequent Flyer Qantas Frequent Flyer

Bonus points 55,000 points

Annual points cap uncapped

Bonus points spend criteria Spend $3,000 in first 3 months

Earning points with this card

Qantas Rewards points 1.25 points per $1 spent

Points cap per month N/A

Overseas earn rate same as standard earn rate

Additional features

Complimentary insurance

International Travel Insurance Yes

Flight Inconvenience Insurance Yes

Transit Accident Insurance Yes

Smartphone Screen Insurance No

Purchase Protection Insurance Yes

Extended Warranty Insurance No

Rental Vehicle Excess In Australia Insurance No

Extras

$450 Qantas Travel Credit each year

Two Qantas Club lounge invitations each year

Two American Express Airport Lounge entries each year

Eligible with Apple Pay, Samsung Pay and Google Pay

Overview

Qantas American Express Ultimate Credit Card

New Qantas American Express Ultimate Card Members can get 55,000 bonus Qantas Frequent Flyer points to spend on future travel when you apply online, are approved and spend $3,000 on eligible purchases within the first 3 months of card approval. This introductory offer is available to new Card Members, as well as Bank-issued American Express companion cardholders.

Key features

  • Receive 55,000 bonus Qantas Points when you apply online, are approved and spend $3,000 on your new Card within the first 3 months. Offer available to new American Express Card Members only.
  • Earn 1.25 Qantas Points for every $1 spent on Card purchases, except spend at government bodies in Australia where you will earn 0.5 Qantas Points per $1 spent
  • Earn 1 additional Qantas Point per $1 spent on selected Qantas products and services in Australia
  • $450 Qantas Travel Credit each year. Use your Qantas Travel Credit for eligible international or domestic Qantas flights when you book and pay online at American Express Travel
  • Enjoy two complimentary entries per year to the American Express Lounge, located at Sydney International Airport or Melbourne International Airport
  • Enjoy two complimentary Qantas Club lounge invitations each year after your first Card spend on selected Qantas products and services
  • Complimentary domestic and international travel insurance
  • Complimentary purchase and refund protection
  • Online Fraud Protection Guarantee
  • Global Card support means you can enjoy account assistance any time of the day or night
  • Emergency card replacement within 48 hours virtually anywhere in the world
  • Additional cardholders at no extra costs
  • $450 Annual fee
  • Complimentary Qantas Wine Premium Membership

Minimum criteria to apply for this card

  • Be over 18 years old

  • Good Credit and have not applied for multiple credit cards recently

  • Australian citizen or permanent resident or hold a current Business Long Stay Visa (subclass 457)

  • Minimum income of $65,000 p.a.

  • You have your personal details ready to complete the online application

Roland B Bleyer

Roland B Bleyer founded Creditcard.com.au in 2005 and has extensive knowledge about credit cards. He personally answers all questions and write the editor reviews for each card here. Always keen to share his passion to educate consumers and help you select better suited credit cards.

Recently Asked Questions

Something you need to know about this card? Ask a our credit card expert a question.

45 questions (showing the latest 10 Q&As)

Carlos

Carlos

10 June 2020
Hi Roland, I have this card. But have been considering the CBA Ultimate Awards Card, as I am constantly bumping into places that don't accept Amex. Please, what are your thoughts on changing the Amex for the CBA Ultimate Awards? Thanks
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    10 June 2020
    Hi Carlos, a big part will be how much your spend each month. I myself have the Qantas Ultimate. Though I also combine this with a Visa that gets me through situations like you are experiencing. Though if you spend then on the AMEX is not high enough. Then this may mean you need to close this account. If you can use the AMEX travel credit and some of the other features e.g. AMEX lounge access. Then this could be a good reason to keep. On the Ultimate points earning is capped at 10k per month (3 points then drops to 0.5). I like that you pay no monthly fee if you spend $2,500. I really like the no foreign fees on the CBA Ultimate. Bottom line, depending on your spend, this certainly could be your new card.
phil

phil

29 April 2020
hi I applied for the ultimate credit card they just sent me the qantas amex card
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    30 April 2020
    Hi Phil, it just doesn't say Ultimate on the card anywhere. Has the Qantas logo at the top left. You can confirm it is the same card art on our site.
John

John

26 January 2020
With either Qantas Club Lounge invitations and AMEX Lounge, could I gift my travelling partner one of my invitations quotas; if yes, could I do so on the spot?
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    28 January 2020
    Hi John, yes you can do it with this card. I know as I have this card and have done this. My wife and 3 children also go in as well. Using just the 2 invites for the AMEX lounge.
William

William

8 January 2020
Hi, I’ve recently taken out this card and am liking it so far I’ve already redeemed my $450 flight credit through Amex travel and was reasonably pleased with it, however originally I was told that when redeeming the credit and subsequently paying the difference with the Amex card it would trigger the q club lounge invites which I’m now told by Amex it does not, what I’m still left wondering and unanswered by both Amex and Qantas is that by making a qff points plus pay purchase for a qantas number flight and using the Amex card for the pay portion would this trigger the lounge invites or not ??
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    9 January 2020
    Hi William, I have this card myself. I have found that by paying the taxes with the AMEX. On a points booked flight (though Qantas), does then give you access to the lounge passes. The issue with paying AMEX extra money through the travel portal. Its not a direct Qantas transaction, thus does not trigger the passes.
Robert

Robert

5 January 2020
When renting a vehicle using my Amex card, is the insurance excess fee payable in the event of an accident covered under the complimentary Amex travel insurance?
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    6 January 2020
    Hi Robert, you still need to pay for base insurance with your rental car. If you do have an issue and you are eligible. Then AMEX will cover the excess up to a certain amount listed in the policy PDF.

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