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Qantas American Express Ultimate Credit Card

3 reviews

Apply by 14 April 2019

points over 12 months Calculate your savings icon

Earn rate per $1

1.25 points
16.77% Complete (success)
Qantas Frequent Flyer

Bonus points

100,000 points
100,000% Complete (success)

Annual fee

$450
p.a.
450% Complete (success)

Pros

Bonus 100,000 Qantas Frequent Flyer points

Earn 1.25 Qantas points per $1 spent on eligible purchases

Uncapped points earning

$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

Free additional card holders

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

Cons

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

Qantas American Express Ultimate Credit Card

New Qantas American Express Ultimate Card Members can get 100,000 bonus Qantas Frequent Flyer points to spend on future travel when you apply online by 14 April 2019, 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

  • 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
  • Until 14 April 2019 earn an additional 0.25 Qantas Points per $1 spent on purchases, except for spend at government bodies 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
  • 0% on balance transfers for 12 months (excludes existing or previous card members and a one-off establishment fee of 1% applies)
  • 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
  • Enjoy two complimentary Qantas Club lounge invitations each year after your first Card spend on selected Qantas products and services
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$450 Qantas Travel Credit

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

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.

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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.

  • Rates
    73%
  • Fees
    88%
  • Rewards
    98%
  • Customer Service
    87%
  • Value
    57%
100% of customers who have rated this card would recommend it
Overall customer rating 87%
3 reviews
Interest Rates
Purchase rate 20.74% p.a.
Cash advance rate 20.74% p.a.
Interest free on purchases up to 44 days
Balance Transfer
Balance transfer rate 0% p.a. for 12 months
Balance transfer fee 1% one off
Balance Transfer revert rate 20.74% p.a.
Balance transfer limit 70% of your approved new credit limit
Balance transfer from personal loan N/A
Banks you can't balance transfer from American Express
Credit limits
Minimum credit limit $3,000
Maximum credit limit $50,000
Fees & repayments
Annual fee $450 p.a.
Additional cardholder fee Up to 4 at no extra cost
Cash advance fee 2%
Foreign transaction fee 3%
Minimum repayment 2.5%
Late payment fee $30
Credit card type American Express
Rewards program
Rewards program Qantas Frequent Flyer Qantas Frequent Flyer
Bonus points 100,000 Qantas points
Annual points cap uncapped
Bonus points spend criteria Spend $3,000 in first 3 months
Earning points with this card
Qantas points 1.25 points per $1 spent
Overseas earn rate same as standard earn rate
Points cap per month N/A
Complimentary insurance
Overseas travel insurance yes - up to months
Flight inconvenience insurance Yes
Transport accident cover Yes
Smartphone screen insurance No
Purchase protection insurance Yes
Extended warranty insurance No
Rental vehicle excess cover 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

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 100,000 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 100,000 bonus Qantas Points when you apply online by 14 April 2019, 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
  • Until 14 April 2019 earn an additional 0.25 Qantas Points per $1 spent on purchases, except for spend at government bodies 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.
  • Spend $3,000 on eligible purchases within three months of card approval to be eligible for bonus Qantas Points.
  • 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 100,000 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
  • 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).
  • Until 14 April 2019 earn an additional 0.25 Qantas Points per $1 spent on purchases, except for spend at government bodies 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.

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 100,000 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.

9 questions (showing the latest 10 Q&As)

David

David

24 March 2019
Great article Roland! Amex clearly states you must spend $3000 on eligible purchases, but no where do they actually define an 'eligible purchase'. Is it safe to assume an 'eligible purchase' is any retail purchase like groceries, petrol etc?
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    25 March 2019
    Hi David, yes, eligible purchases do include all retail purchases. Most purchases are eligible, things like bank fees and interest are not.
Desmond

Desmond

23 March 2019
Hi Roland ,I have american express platinum edge . Will i still get the bonus point if i apply Qantas American Express Ultimate Credit Card
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    25 March 2019
    Hi Desmond, as a current AMEX customer you would not be eligible for the bonus points with this offer. For even more bonus points, have a look at the ANZ Frequent Flyer Black.
Matt

Matt

17 March 2019
If i sign up for the Qantas American Express Ultimate Credit card, can I also up to the Qantas Premier Platinum C/C and receive 200,000 combined points (providing I meet the spending criteria within the time frames of each offer)?
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    18 March 2019
    Hi Matt, it could be possible. Though you would need to get approved for both cards. There are no rules that would stop you. The only hesitation is the general rule is to apply for 1 credit card every 6 months as a maximum. Though this is just a guide. If you go for it. Please let me know if you get both. I would await approval for one completely before applying for the 2nd.
Caroline

Caroline

14 March 2019
Hi, I have a question With the minimum spend for the bonus points... If I spend over $3000 before the 3 months will I get the points straight away or will I have to wait the 3 months? Is this the same for the $450 travel credit?
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    14 March 2019
    Hi Caroline, in the terms, it states that bonus points will be credited 8-10 weeks after meeting spend criteria. Though I had the points credited myself 2 weeks post the spend being met. I met the spend within a few days of receiving the card. The travel credit becomes available post the annual fee added to your account and I believe making your first minimum payment. Therefore you can access this typically faster.
Ki

Ki

9 March 2019
$450 travel credit. Can I use it for someone else, ie buy a ticket for family member. Thank you.
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    11 March 2019
    Hi Ki, yes you can use the travel credit for another family member or friend.
Elise

Elise

3 March 2019
Hi Ronald,I currently have a subclass 457 visa and am planning to stay in Australia for approximately one more year. Would it be possible to apply for this creditcard and terminate/cancel the creditcard after 1 year when I move back to the Netherlands?Thanks in advance.
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    4 March 2019
    Hi Elise, it is possible as long as you meet all other minimum requirements. Typically you will need at least 9 months on your Visa to have a chance at approval. You can cancel the card at any time your balance is at $0 or you can pay it off.
Amina

Amina

21 February 2019
Is there and if so what is the conversion fee for international transactions?
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    25 February 2019
    Hi Amina, there is a 3% Foreign Transaction Fee with the American Express Ultimate. If you are looking for a card that has no foreign fees plus no overseas cash advance fees. Have a look at the ANZ Rewards Travel Adventure.
Lynton

Lynton

7 February 2019
I am not sure if I purchase my qantas ticket through another non qantas orn american express website eg Skiddo does that entitle me to the American express awards for qantas frequent flyer ie two points for qantas travel and products purchased throug AMEX
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    7 February 2019
    Hi Lynton, I assume the bonus points are only delivered when purchasing services directly with Qantas. I have had a hunt around on the AMEX site and this is unclear though. I would reach out to AMEX Qantas Ultimate customer service to confirm.
Travel Sal

Travel Sal

18 December 2018
Does this card include hire car excess insurance ?
  • Be over 18 years old
  • Good credit and 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
Qantas American Express Ultimate Credit Card
Qantas American Express Ultimate Credit Card

American Express Credit Cards

Qantas American Express Ultimate Credit Card

19 March 2019

Apply by 14 April 2019

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

0 points over 12 months spend

My monthly card spend

Qantas American Express Ultimate Credit Card

New Qantas American Express Ultimate Card Members can get 100,000 bonus Qantas Frequent Flyer points to spend on future travel when you apply online by 14 April 2019, 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

  • 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
  • Until 14 April 2019 earn an additional 0.25 Qantas Points per $1 spent on purchases, except for spend at government bodies 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
  • 0% on balance transfers for 12 months (excludes existing or previous card members and a one-off establishment fee of 1% applies)
  • 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
  • Enjoy two complimentary Qantas Club lounge invitations each year after your first Card spend on selected Qantas products and services

Customer Reviews

Qantas American Express Ultimate Credit Card

87% rating based on 3 reviews

Rates
Fees
Rewards
Customer Service
Value

Rates & Fees

Interest rates

Purchase rate 20.74% p.a.

Cash advance rate 20.74% p.a.

Interest free 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 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%

Cash advance fee 2%

Late payment fee $30

Rewards & points

Rewards program

Rewards Program Qantas Frequent Flyer Qantas Frequent Flyer

Bonus points 100,000 Qantas points

Annual points cap uncapped

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

Earning points with this card

Qantas pointsQantas points 1.25 points per $1 spent

Points cap per month N/A

Overseas earn rateOverseas earn rate same as standard earn rate

Additional features

Complimentary insurance

Overseas travel insurance yes

Flight inconvenience insurance Yes

Transport accident cover Yes

Smartphone Screen Insurance No

Purchase protection insurance Yes

Extended warranty insurance No

Rental vehicle excess cover 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

Our Review

Editor Review

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 100,000 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 100,000 bonus Qantas Points when you apply online by 14 April 2019, 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
  • Until 14 April 2019 earn an additional 0.25 Qantas Points per $1 spent on purchases, except for spend at government bodies 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.
  • Spend $3,000 on eligible purchases within three months of card approval to be eligible for bonus Qantas Points.
  • 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 100,000 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
  • 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).
  • Until 14 April 2019 earn an additional 0.25 Qantas Points per $1 spent on purchases, except for spend at government bodies 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.

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 100,000 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.

Pros

  • Bonus 100,000 Qantas Frequent Flyer points
  • Earn 1.25 Qantas points per $1 spent on eligible purchases
  • Uncapped points earning
  • $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
  • Free additional card holders
  • 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

Cons

  • 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
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 Question

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

9 questions (showing the latest 10 Q&As)

David

David

24 March 2019
Great article Roland! Amex clearly states you must spend $3000 on eligible purchases, but no where do they actually define an 'eligible purchase'. Is it safe to assume an 'eligible purchase' is any retail purchase like groceries, petrol etc?
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    25 March 2019
    Hi David, yes, eligible purchases do include all retail purchases. Most purchases are eligible, things like bank fees and interest are not.
Desmond

Desmond

23 March 2019
Hi Roland ,I have american express platinum edge . Will i still get the bonus point if i apply Qantas American Express Ultimate Credit Card
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    25 March 2019
    Hi Desmond, as a current AMEX customer you would not be eligible for the bonus points with this offer. For even more bonus points, have a look at the ANZ Frequent Flyer Black.
Matt

Matt

17 March 2019
If i sign up for the Qantas American Express Ultimate Credit card, can I also up to the Qantas Premier Platinum C/C and receive 200,000 combined points (providing I meet the spending criteria within the time frames of each offer)?
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    18 March 2019
    Hi Matt, it could be possible. Though you would need to get approved for both cards. There are no rules that would stop you. The only hesitation is the general rule is to apply for 1 credit card every 6 months as a maximum. Though this is just a guide. If you go for it. Please let me know if you get both. I would await approval for one completely before applying for the 2nd.
Caroline

Caroline

14 March 2019
Hi, I have a question With the minimum spend for the bonus points... If I spend over $3000 before the 3 months will I get the points straight away or will I have to wait the 3 months? Is this the same for the $450 travel credit?
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    14 March 2019
    Hi Caroline, in the terms, it states that bonus points will be credited 8-10 weeks after meeting spend criteria. Though I had the points credited myself 2 weeks post the spend being met. I met the spend within a few days of receiving the card. The travel credit becomes available post the annual fee added to your account and I believe making your first minimum payment. Therefore you can access this typically faster.
Ki

Ki

9 March 2019
$450 travel credit. Can I use it for someone else, ie buy a ticket for family member. Thank you.
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    11 March 2019
    Hi Ki, yes you can use the travel credit for another family member or friend.
Elise

Elise

3 March 2019
Hi Ronald,I currently have a subclass 457 visa and am planning to stay in Australia for approximately one more year. Would it be possible to apply for this creditcard and terminate/cancel the creditcard after 1 year when I move back to the Netherlands?Thanks in advance.
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    4 March 2019
    Hi Elise, it is possible as long as you meet all other minimum requirements. Typically you will need at least 9 months on your Visa to have a chance at approval. You can cancel the card at any time your balance is at $0 or you can pay it off.
Amina

Amina

21 February 2019
Is there and if so what is the conversion fee for international transactions?
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    25 February 2019
    Hi Amina, there is a 3% Foreign Transaction Fee with the American Express Ultimate. If you are looking for a card that has no foreign fees plus no overseas cash advance fees. Have a look at the ANZ Rewards Travel Adventure.
Lynton

Lynton

7 February 2019
I am not sure if I purchase my qantas ticket through another non qantas orn american express website eg Skiddo does that entitle me to the American express awards for qantas frequent flyer ie two points for qantas travel and products purchased throug AMEX
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    7 February 2019
    Hi Lynton, I assume the bonus points are only delivered when purchasing services directly with Qantas. I have had a hunt around on the AMEX site and this is unclear though. I would reach out to AMEX Qantas Ultimate customer service to confirm.
Travel Sal

Travel Sal

18 December 2018
Does this card include hire car excess insurance ?

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