American Express Qantas Premium Credit Card

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Save money
Earn points
Offer
Card features
balance transfer
purchase rate
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American Express Qantas Premium Credit Card
Earn 30,000 points when you apply online as a new Card Member, are approved and spend $3,000 in 3 months of Card Membership.
Relax with 2 complimentary Qantas Club invitations every year. (Conditions Apply)
Complimentary domestic and international travel insurance.
Add to comparison
12 months
0% p.a.
then 20.74%
with a 1% fee
20.74% p.a.
ongoing
$249
ongoing

Pros & cons

What's good?

What's not so good?

Earn 30,000 points when you apply online as a new Card Member, are approved and spend $3,000 in 3 months of Card Membership.
Enjoy two complimentary Qantas Club Lounge invitations each year after your first card spend on selected Qantas products.
Complimentary domestic and international travel insurance.
Earn 1 Qantas Point 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.
Earn an additional 0.25 Qantas Points per $1 spent on purchases, except for spend at government bodies in Australia, until 14 April 2019.
No cap on how many points you can earn.
0% p.a. for 12 months for balance transfers and a one-off credit plan establishment fee of 1%.
The annual fee is $249 p.a.
Interest rates on purchases are at the higher end of the range.
You won’t qualify for the bonus points if you have held any kind of Amex card in the previous 18 months.

Q&A's about the American Express Qantas Premium Credit Card

Q: What are the T&C’s?

Provided you are a Qantas Frequent Flyer and have registered your Qantas Frequent Flyer number with your Qantas American Express Premium Card, you are eligible to receive two Qantas Club Lounge Invitations each anniversary year of your Card Membership once you make an Eligible Qantas Purchase on your Qantas American Express Premium Card during that year. Eligible Qantas Purchases are Qantas passenger airfares with a QF flight number purchased directly from Qantas Australia by you (or on your behalf by a travel agent) that appear on your Card statement, Qantas Frequent Flyer, Qantas Business Rewards or Qantas Club membership, joining or annual fees. Excludes purchases from Jetstar, or for any other Qantas branded goods or services offered on behalf of Qantas by third parties such as Qantas Holidays, Qantas Freight, Qantas Cruises, Qantas Box Office, Qantas Wine and Qantas Assurance. Within 1-2 weeks of the Eligible Qantas Purchase, two Qantas Club Lounge Invitations will be assigned to your Qantas Frequent Flyer account. Visit the Complimentary Invitations Portal to access your invitation, link it with an eligible Qantas flight booking or find out more information. Qantas Club Lounge Invitations are valid for a single visit by one guest to a Qantas Club Lounge and must be used prior to their expiry. Invitations are subject to the Qantas Club Terms and Conditions and are not valid for Qantas International First Class Lounges, the Qantas Chairman’s Lounge, Qantas Domestic Business and or oneworld® alliance partner or associated lounges. Qantas Club Invitations cannot be carried forward to any subsequent year and must not be sold, they may only be transferred as allowed by Qantas. Invitations may be revoked or withheld if your Qantas American Express Premium Card account is not in good standing, if the Eligible Qantas Purchase is refunded in full or if you have not complied with these Qantas Club Invitation Conditions, the Credit Card Terms and Conditions or the Qantas Club Lounge Access Terms and Conditions.

User reviews

2.7 out of 5.0 based on 4 reviews50% of reviewers would recommend this card

Rates and fees
Rewards
Customer service
Convenience
Trust

Reviews from users

AmEx offers offset the yearly fee

Reviewed and recommended by Adam on 30 Apr 2017

Aside from the excellent earn rate on this card (two points per dollar on grocery and petrol purchases, one point per dollar on everything else, and bonus points for Qantas purchases), this card had given me two passes to the Qantas club, and using the AmEx Connect offers programme I have been able to offset the cost of the yearly fee more than twice over. This was all done through normal spending and using the bonus dollar promotions in the AmEx offers section of their excellent app.

Used in Middle East with no problems

Reviewed and recommended by Graham on 26 Apr 2017

This is a good card for earning points for Qantas Frequent Flyers.

It was easily used overseas with no problems: used in UAE, Egypt and Jordan. It could probably do with more airport lounge access features.

It would be good to see a lower interest rate on purchases (as with all cards) and a reduction in the fee charged when used.

Rewards are misleading

Reviewed and not recommended by Brett on 03 Jan 2017

I applied for this card because of the rewards it offered, including two visits to the Qantas lounge. When I tried using the visit to the Qantas lounge I was told I was not eligible because I booked my flights through Flight Centre (pretty big travel agent in Australia). Apparently there are certain travel agents you have to book through to receive this offer. When I asked customer service for a list of these travel agents they were unable to provide me with the list. Feels like a bit of a rort to me.

With the $250 annual fee and the additional charges many places add for using American Express, there are better cards that offer both dual Amex and Visa. This card also doesn’t provide 2 points per dollar on all purchases. Some are only 0.5 points per dollar, on the likes of telecoms and insurance.

Watch out, don't be conned

Reviewed and not recommended by Paul on 23 Jun 2016

They penalise you for being a day late with your repayment. They give no consideration if you have lost your job. Making the standard repayment requires a reduction in the monthly repayment. Consideration should be given to reduce your payment without being penalised for late payments. I still attempt to make my payments even though it is difficult. I have not given up hope.

Disclaimer: The opinions expressed about credit cards are the reviewer's alone, and do not reflect the views of Credit Card Compare or the credit card issuer. Reviews have not been approved or otherwise endorsed by Credit Card Compare.

The basics

About this card

Card setup
Single
Card tier
Platinum
Card type
American Express
Card use
Personal
Credit rating
No bad credit history
Gambling transactions allowed
N/A
Joint application
N/A
Minimum age
18 years old
Minimum income
$40,000
Minimum income for pensioners
Same as standard
Pensioners
N/A
Rewards program
Qantas Frequent Flyer
Temporary residents
Business Long Stay Visa (subclass 457)

Cardholders

Additional cardholders
4
Additional card fee
$0 p.a.

Credit limits

Minimum credit limit
$2,000
Maximum credit limit
$50,000

Repayments

Interest charged from
Purchase date
Interest free period
Up to 44 days on purchases
Minimum repayment
whichever is greater, $30 or 2.5%

Balance transfers

The offer

Interest ratePeriodFeeLimitRevert rate
Balance transfers0% p.a.12 months1%$10,000 or 70% of credit limit20.74% p.a.

Balance transfers to this card

Balance transfer earns rewards
No
Balance transfer fee payment due
First statement
Balance transfer from personal loan
No
Balance transfer processing time
10 - 14 days
Interest free days with unpaid balance
0 days
Maximum balance transfer
$10,000 or 70% of credit limit
Available to existing customers
No

Banks you can't balance transfer from

You can't balance transfer to the American Express Qantas Premium Credit Card at the promotional balance transfer rate from:

  • American Express

Rates & fees

Promotional interest rates

Interest ratePeriodFeeLimitRevert rate
Balance transfers0% p.a.12 months1%$10,000 or 70% of credit limit 20.74% p.a.
PurchasesN/AN/AN/AN/A N/A

Ongoing interest rates

MonthlyAnnually
Cash advances N/A N/A
Purchases 1.73% 20.74% p.a.

Fees

Annual fee
$249 p.a.
Cash advance fee
N/A
Dishonour fee
$6
Duplicate statement fee
$10
Foreign exchange fee
3%
Late payment fee
$30
Over limit fee
$30
Overseas ATM balance fee
$0
Overseas ATM withdrawal fee
$2.50
Overseas emergency card replacement fee
$0
Transaction verification fee
$7

Rewards & points

Cool stuff you can get with your points

Disclaimer: Points required accurate as of the 31st March 2018.

Rewards program basics

First purchase bonus
30,000 points
Reward points expiry
Never, as long as you keep your account active
Rewards program
Qantas Frequent Flyer
Spend required for bonus points
$3,000 in 3 months

Earning points with this card

Frequent flyer points
1 pt per $1 spent
Overseas earn rate
Same as standard earn rate
Points cap per month
N/A
Points cap per year
N/A
Points earned on ATO payments
0.5 pts per $1 spent
Reward points
1 pt per $1 spent

Additional benefits

Airport lounge access
Yes, 2 passes per year
Complimentary flight voucher
No
Concierge service
Yes

Minimum criteria for this card

What you need before applying

Be over 18 years old
You are a resident or citizen of Australia
Earn a regular income of more than $40,000 per year
Have no history of bad credit
You have your personal details ready to complete the online application
Have not applied for multiple credit cards recently
Disclaimer: The minimum criteria are intended only to be a guide. Your application may still be rejected by the bank even if you can answer 'Yes' to all the minimum criteria. The final decision regarding your application is up to the bank.

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