American Express Qantas Ultimate Credit Card

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Save money
Earn points
Offer
Card features
balance transfer
purchase rate
annual fee
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American Express Qantas Ultimate Credit Card
Get 55,000 bonus Qantas Points when you apply online, are approved and spend $3,000 in 3 months.
Earn 1.25 pts per $1 spent on card purchases.
$450 Qantas Travel Credit each year. (Conditions Apply)
Add to comparison
12 months
0% p.a.
then 20.74%
with a 1% fee
20.74% p.a.
ongoing
$450
ongoing

Pros & cons

What's good?

What's not so good?

Get 55,000 bonus Qantas Points when you apply online, are approved and spend $3,000 in 3 months.
Earn 1.25 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 eligible Qantas products and services.
Earn an additional 0.25 Qantas Points per $1 spent on purchases, except for spend at government bodies in Australia, until 14 April 2019.
$450 Qantas Travel Credit each year. (Conditions Apply)*
0% p.a. for 12 months for balance transfers and a one-off credit plan establishment fee of 1%.
Enjoy two complimentary entries per year to the American Express Lounges at Sydney or Melbourne International Airports. (Conditions Apply)
Complimentary domestic and overseas travel insurance.
Eligible for use with Android Pay, Apple Pay and Samsung Pay.
There’s a small 1% balance transfer fee applied to any amount you transfer over to this card.
The annual fee might put some people off.
The interest rate is as high as you would expect for a premium card like this.

This introductory offer is available to new Card Members, as well as Bank-issued American Express companion cardholders. *when you use your Qantas Travel Credit for eligible international or domestic Qantas flights when you book and pay online at American Express Travel.
Entry into The American Express Lounge is governed by the full Terms and Conditions available at amex.com.au/airportlounge.

User reviews

4.1 out of 5.0 based on 2 reviews100% of reviewers would recommend this card

Rates and fees
Rewards
Customer service
Convenience
Trust

Reviews from users

Great value rewards and service, free flight

Reviewed and recommended by Mark on 04 May 2017

Direct American Express cards are excellent. This card comes with first class Australian customer service with quick response times. In addition the support given on disputed transactions is paperless and the agent works hard to resolve it quickly.

Rewards are excellent with a good earn rate, and if you regularly travel, the free Qantas return flight makes the high cost of the card worthwhile. In fact, on its own, for Perth residents the card pays for an east-west flight that is more often cheaper than what you would spend on a flight with Qantas.

The only downside is the high fee, but this comes with some major perks. The free flight is caveated as well. There is selected routes it will only work on (with the best value being cross-country flights). It also requires an advance Qantas spend before it activates the free flight (but you can get around this by paying for the fare difference by opting for a higher fare bracket).

Finally, the general lack of acceptance of AmEx in general (which is getting better) means you can’t solely rely on this card for all your spending.

Bonus points and excellent rewards

Reviewed and recommended by Alicia on 10 Apr 2017

The American Express site is easy to navigate, and the one question I had was answered immediately over the phone.

While the fees are on the higher side you do get one free domestic flight per year, which is excellent. 75K bonus points on sign-up was the main incentive.

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
No
Joint application
N/A
Minimum age
18 years old
Minimum income
$65,000
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
$3,000
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 Ultimate 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
$450 p.a.
Cash advance fee
None
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
55,000 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
1.25 pts per $1 spent
Overseas earn rate
Same as standard earn rate
Points cap per month
Unlimited
Points cap per year
Unlimited
Points earned on ATO payments
0.5 pts per $1 spent
Reward points
1.25 pts per $1 spent

Additional benefits

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

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 $65,000 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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