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100,000 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 11 May 2022

Receive 100,000 bonus Qantas Points when you , are approved, and spend at least $3,000 on your new Card within the first 3 months. Earn more points per $1 spent - 1.25 Qantas Points on everyday purchases, 0.5 Qantas Points spent at government bodies, and 2.25 Qantas Points on eligible Qantas products and services. Plus earn a $450 Qantas Travel Credit each year. New card members only. T&Cs apply.

Points Earn Rate (per $1 spent)

1.25 points

Qantas

Rewards Program

Qantas Frequent Flyer

Bonus Points

100,000 pts

Spend $3,000 in first 3 months

Pros and cons

  • Receive 100,000 bonus Qantas Points when you spend at least $3,000 on your new Card within the first 3 months. Available to new Card Members only.
  • 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
  • Earn 2.25 Qantas Points per $1 spent on eligible Qantas products and services
  • No cap on the Qantas Points you can 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 of 20.74% p.a.

Creditcard.com.au review

Editor Review

Qantas American Express Ultimate Credit Card

Pauline Hatch
Pauline is a personal finance expert at CreditCard.com.au, with 8 years in money, budgeting and property reporting under her belt. 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 new cardholders 100,000 bonus Qantas Points. You’ll also get a $450 Qantas Travel Credit and Qantas Wine Premium membership.

  • Receive 100,000 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 2.25 Qantas Points per $1 spent on eligible Qantas products and services
  • Complimentary domestic and international Travel Insurance Cover
  • Complimentary Card Purchase Cover
  • 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 Card Purchase Cover.

With its 100,000 bonus Qantas Points offer, the Qantas American Express Ultimate can be a great choice for new cardholders who want to give their rewards balance a boost.

To give you an idea of where 100,000 Qantas Points can take you, you can fly roundtrip on economy Classic Flight Reward, from Sydney to Los Angeles from 83,000 Qantas Points plus taxes, fees, and carrier charges. If you paid cash for this, it would normally cost thousands of dollars.

Point calculations are accurate but may be subject to change without notice. All routes may have additional taxes and charges.

The bonus points will be awarded to the eligible card member’s account 8-10 weeks after the spend criteria have been met, provided the account is in good standing.

The Qantas American Express Ultimate offers travel-related benefits such as:

  • $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
  • Public Transport Accident Cover up to $400,000
  • Trip Cancellation and Amendment Cover up to $12,500
  • Baggage, Money and Documentation Cover up to $10,000
  • Travel Inconvenience Insurance up to $200 on flight departure delays
  • Card Refund Cover
  • Card Purchase Cover
  • 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 2.25 Qantas Points per $1 spent on eligible Qantas products and services

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 64GB (48,520 Qantas Points)
  • Home essentials on offer include the De'Longhi Nespresso Inissia Capsule Coffee Machine (46,780 Qantas Points)
  • Sports gear on offer includes the Fitbit Charge 4 (21,650 Qantas Points)
  • Fashion items on offer include Ray-Ban Aviator Classic Sunglasses (35,650 Qantas Points) and the Fossil Men’s Hybrid Smartwatch (46,780 Qantas Points).
  • Gift cards on offer include Woolworths Physical Gift Card ($50 for 10,390 Qantas Points), and theJB Hi-Fi Digital Gift Card ($50 for 9,890 Qantas Points).

Point calculations are accurate but may be subject to change without notice.

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. Booking fees and taxes of an award redemption need to be paid directly through the Qantas website or over the phone. Thus, you cannot use your Travel Credit to pay them as Travel Credit can be redeemed through the American Express Travel website only.

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, Public Transport Accident Cover up to $400,000, Trip Cancellation and Amendment 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.

  • Card Refund Cover will credit your account if you're refused a refund on an unused eligible item within 90 days of purchase,
  • Card Purchase Cover 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 long term visa for at least 12 months and does not include student visas), you must be at least 18 years of age, 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 100,000 bonus Qantas Points 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 10 Creditcard.com.au user reviews )

74% rating based on 10 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 N/A

Interest free period on purchases up to 44 days

Credit limits

Minimum credit limit $3,000

Maximum credit limit N/A

Fees & repayments

Annual fee $450 p.a.

Additional cardholder fee Up to 4 at no extra cost

Foreign transaction fee 3%

Minimum repayment 2.5% or $30, whichever is greater

Cash advance fee N/A

Late payment fee $30

Rewards and points

Rewards program

Rewards Program Qantas Frequent Flyer Qantas Frequent Flyer

Bonus points 100,000 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 100,000 bonus 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.

Key features

  • Receive 100,000 bonus Qantas Points when you spend at least $3,000 on your new Card within the first 3 months. Available to new 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 2.25 Qantas Points per $1 spent on eligible Qantas products and services
  • $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 Airport 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 Card Purchase and Card Refund Covers
  • 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 long term visa (at least 12 months; does not include student visas).

  • Minimum income of $65,000 p.a.

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

Pauline

Pauline is a personal finance expert at CreditCard.com.au, with 8 years in money, budgeting and property reporting under her belt. Pauline is passionate about seeing Aussies win by making their money – and their credit cards – work smarter, harder and bigger

Recently Asked Questions

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

63 questions (showing the latest 10 Q&As)

Clare

Clare

24 May 2022
If I was travelling to Canada or the USA what are the international rates? And would I earn points on those transactions
    Pauline - CreditCard.com.au

    Pauline

    25 May 2022
    Hi Clare, you can definitely use the card outside of Australia. Please note though that you will be charged 3% for purchases made internationally or within AU at overseas merchants. As for the points, as long as it will be considered eligible, you may earn points. Transactions like cash advances, interests, fees and the like are not considered eligible.
Kim

Kim

15 April 2022
Am I still eligible for this offer if I currently hold an Amex corporate card?
    Pauline - CreditCard.com.au

    Pauline

    19 April 2022
    Hi Kim, good question! I checked Qantas American Express Ultimate credit card’s terms and it states that the current offer is only available to new American Express card members. You can use our Qantas Frequent Flyer credit cards comparison tool if you’re keen on earning Qantas points when using your card.
Dan

Dan

10 April 2022
What is the balance transfer fee and interest rate?
    Pauline - CreditCard.com.au

    Pauline

    11 April 2022
    Hi Dan, I checked unfortunately, the balance transfer feature is not offered on any American Express credit cards. However, you can use our comparison tool to check the different credit cards that offer a balance transfer feature. Hope this helped!

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