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Qantas American Express Ultimate Credit Card
Qantas American Express Ultimate Credit Card

American Express Credit Cards

Qantas American Express Ultimate Credit Card

Updated 19 November 2019

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
  • 0% on balance transfers for 12 months (excludes existing or previous card members and a one-off establishment fee of 1% applies). Please note, no interest free days apply to retail purchases while you have a balance transfer

  • Standard purchase rate and cash advance rate of 20.74% p.a.
  • The maximum balance transfer that you can be approved for is $10,000 or 70% of your approved credit limit, whichever is less

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
  • 0% p.a. on balance transfers for the first 12 months
  • 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.
  • Balance transfer offer has a 1% establishment fee, with a maximum balance transfer of $10,000 or 70% of your approved credit limit, whichever is less.

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 3 Creditcard.com.au user reviews )

87% rating based on 3 reviews

Rates
Fees
Rewards
Customer Service
Value

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

Balance transfer

Balance transfer rate 0% p.a. for 12 months

Balance transfer revert rate 20.74% p.a.

Balance transfer from personal loan N/A

Balance transfer fee 1% one off

Balance transfer limit $10,000 or 70% of approved credit limit

Banks you can't balance transfer from American Express

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
  • 0% on balance transfers for 12 months (excludes existing or previous card members and a one-off establishment fee of 1% applies). A one-off credit plan establishment fee of 1% applies to balance transfers
  • 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.

38 questions (showing the latest 10 Q&As)

Derek

Derek

18 November 2019
Ive successfully applied for the ultimate card. Once I get the card, I need to book airline tickets straight away for $3600 to Italy. Not sure, but is the $3000 min credit going to work??? In other words will this transaction be approved. The idea of getting the card is to buy the tickets and get insurance with this card, and also so I can get the 100,000 points sooner ( or can I pay money into my amex account in advance, so I can buy the tickets?) Thanks
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    19 November 2019
    Hi Derek, if you are approved for just a 3k limit. Then you would only be able to spend up to that amount. Are you sure you only have a $3,000 credit limit? Most cards will be approved with a higher initial limit. You are right though. If you put say $650 extra onto the credit card so it is in debit. Then you make the $3,600 purchase. Then it should go through. This will also allow you to meet your minimum income requirement. Nice.
Karl

Karl

16 November 2019
I am going overseas. What are the fees if paying for things with this card?
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    18 November 2019
    Hi Karl, Foreign transaction fee is 3% this card. It may make sense to get a card that has no foreign fees. Have a look at the 28 Degrees also with no annual fee.
Bill Gommers

Bill Gommers

7 November 2019
Hi Roland, just checked out Amex Travel website, they do not appear to offer the special flight prices offered by Qantas ie. red e deal, they are quoting the flex prices which can cost more than the $450 travel credit. Not sure if you contact them direct if they can offer the special deals?
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    7 November 2019
    Hi Bill, I hear you on this. I use my travel credit. I was getting flights Syd-Mel return for around the $450 mark. Maybe having to chip in a few $ for the ticket. I assume their could be special deals from time to time. Though its more like a retail travel platform.
Emy

Emy

1 November 2019
Hey there, I was just wondering when the annual fee will be taken off my direct debit card. Is it meant to be right away? Regards
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    4 November 2019
    Hi Emy, the annual fee is typically charged around the time of card activation. Therefore you will see it on your first statement.
CHRISTOPHER P

CHRISTOPHER P

29 October 2019
I recently booked qantas return flights to MELBOURNE. Booked via Webjet. Paid for with my AMEX card. Does this activate domestic travel insurance??
betty

betty

23 October 2019
Hi there, I only work part time and on a low salary, can I get this card? My husband has just joined up and earns over 250k, will this help me to get one also?
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    24 October 2019
    Hi Betty, AMEX can be quite flexible around household income. What I would suggest is that you have your husbands and you tax returns to provide. I would use the income from both of you and explain its household. Approval will depend on a range of factors. Though this should get you passed the minimum income requirements for the card.
Jim

Jim

23 October 2019
Hello Roland, can you confirm that if I am approved, and pay the $450 annual fee, that I immediately become eligible for the $450 annual travel credit? Additionally, can you confirm the period that the annual credit can be used? For example, could I use the annual credit just before the anniversary, to book travel in the following year?
Tony

Tony

7 October 2019
Hi Roland, I am very interested in getting the card and I should be eligible to receive it, but I can't help but be a little sceptical about the 100,000 points offer. Is there a limited number of flights that I can choose from when I want to redeem my fight? For example, do I need to travel within a set period of time?
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    8 October 2019
    Hi Tony, the points are Qantas points. Thus they are bound by the Qantas Frequent Flyer program terms. I have this card and earn Qantas points for flights. I fly regularly on points. I find the Qantas program one of the best.
Karen

Karen

2 October 2019
Hi Roland I'm thinking of upgrading from my current Amex Qantas Discovery card to the Ultimate card. Am I eligible to receive the 100,000 bonus points? My partner has the secondary card. Thanks, Karen
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    3 October 2019
    Hi Karen, as a current AMEX primary card holder. You will not be eligible for the bonus points. Your partner though could be. Therefore they may be best to apply for the offer and make you a secondary card holder. Then you can cancel your discovery card. Then look later down the track to get another AMEX card yourself and take advantage of the bonus points available.
Sylvia

Sylvia

28 September 2019
I am an additional card holder on my daughter's David Jones American Express card. Am I treated as a new card member so that I qualify for the 100,000 bonus points.
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    30 September 2019
    Hi Sylvia, yes you are still eligible for the bonus points as a secondary card holder on a current AMEX account. Best of luck with your application and enjoy the 100,000 points.
Kate

Kate

23 September 2019
When can I use the bonus 100,000 points and what can I use them for?
Christine Coonan

Christine Coonan

18 September 2019
What are regarded as eligible purchases for Qantas American express ultimate credit card?
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    19 September 2019
    Hi Christine, full details are provided in this PDF - https://icm.aexp-static.com/Internet/internationalcardshop/en_au/pdf/qantas-ultimate-card/qantas-points-terms-and-conditions.pdf. What doesn't earn points is how best to understand it. No points accrue in respect of: (a) charges prepaid prior to the first billing statement for that Account following the Enrolment Date; (b) Cash advance and other cash services; (c) American Express Travellers Cheque and gift cheque purchases; (d) charges for dishonoured cheques; (e) interest charges; (f) annual Card fees; (g) late payment charges; and (h) all other fees and charges applied to the Card Account.
Hal

Hal

17 September 2019
Hi Roland, to be eligible for the Qantas American Express Ultimate card, if previously I held a Commonwealth Bank Amex card which CBA withdrew when they were no longer partners with Amex, would I still be eligible? Thanks
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    18 September 2019
    Hi Hal, yes you would still be eligible for the bonus points based on the what you have said. Huge points available on the Qantas American Express Ultimate right now. Best of luck with your application.
Craig

Craig

5 September 2019
Hi Roland, Is there a minimum limit that needs to be spent on QF flights to active the 2 complimentary lounge passes? I am planning on using 8000 points + $40 (each way) to book a return flight Brisbane to Sydney. Will this suffice, or is the entire dollar amount of the QF flight needed? Warm regards, Craig
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    6 September 2019
    Hi Craig, just grabbing the terms. Provided you are a Qantas Frequent Flyer and have registered your Qantas Frequent Flyer number with your Qantas American Express Ultimate Card, you are eligible to receive two Qantas Club Lounge Invitations each anniversary year of your Card Membership after purchasing on selected Qantas products and services using your Qantas American Express Ultimate Card. Selected Qantas products and services are Qantas passenger flights with a QF flight number purchased directly from Qantas.com.au; Qantas Frequent Flyer and Qantas Club membership joining and/ or annual fees. I have the card myself. I have just used the card for the taxes component and I believe that got me across the line. If you go to https://www.qantas.com/au/en/frequent-flyer/the-qantas-club/complimentary-invitations.html post your purchase. Then you can see if the invites are in there.
Grace

Grace

16 August 2019
I have a Qantas Ultimate card. If I pay a bill by EFT using my Amex Ultimate, will I get charged any cash advance or additional fees outside of standard interest rates?
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    19 August 2019
    Hi Grace, if you cash advance there is a 2% fee (cash advance fee) on top of any interest. With cash advances you are charged interest from day 1. Therefore its best if you can pay off any cash advance ASAP. The cash rate is the same as the purchase rate with the Qantas Ultimate.
Matt

Matt

5 August 2019
Hi Roland. Can I earn points on business related purchases?
RUfina Chan

RUfina Chan

8 May 2019
I submitted my application on Monday but still no reply, please help and check
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    8 May 2019
    Hi Rufina, it takes typically 5-10 working days to fully process an application. You can call AMEX Qantas Ultimate customer service on 1800 507 104.
Hilary

Hilary

6 May 2019
Hi Roland, I'm about to book an overseas trip and am interested in applying for the QANTAS Amex card. Does the travel have to be booked with American Express Travel, or can I book independently. I understand this is a requirement to redeem the $450 travel credit. Also, is there a monthly minimum spend required (after the initial 3 months of $3k)?
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    6 May 2019
    Hi Hilary, the travel credit has to be used with AMEX travel. https://travel.americanexpress.com.au. No minimum spend requirement post want is needed to get the bonus points. Good luck with your application.

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