Qantas American Express Premium Credit Card

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Enjoy travel perks with 80,000 bonus Qantas Points and complimentary lounge invitations, plus get a $200 statement credit with a new Qantas American Express Premium.

With a rewarding frequent flyer program, complimentary insurance covers and lounge passes, the Qantas American Express Premium credit card offers a wide range of perks and savings.

80,000

Bonus points

20.74% p.a.

Purchase rate

1

Reward point

Per $ spent

$249 p.a.

Annual fee

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Details

Product NameQantas American Express Premium Card
Rewards programQantas Frequent Flyer
Purchase rate20.74% p.a.
Annual fee$249
Interest-free period44 days
Min credit limit$2,000
Max credit limit$25,000
Card typeAmerican Express
Foreign currency conversion fee3%
Minimum income$40,000
Available to temporary residentsYes - Conditions apply
Joint applicationNo

Pros

  • 80,000 bonus Qantas Points & $200 Statement Credit
  • Plan It Instalments for paying off your credit card balance in equal monthly instalments, with 0% p.a. interest and a fixed monthly fee
  • Up to 4 additional card members at no extra cost
  • Complimentary purchase and travel insurance covers

Cons

  • Only offers up to 44 days interest-free on purchases, as compared to other cards that offer 55 days
  • Charges a relatively high annual fee of $249
Rewards programQantas Frequent Flyer
Bonus points80,000
Rewards points per $ spent1
Rewards points capUncapped
Annual fee$249
Minimum monthly repayment2.5% of the closing balance or $30, whichever is greater
Late payment fee$30
Foreign currency conversion fee3%
Additional cardholder fee$0
Number of additional cardholders4

Expert review

Sally McMullen

Review by


Sally McMullen is a creative content producer at Finder. Sally has written about credit cards for almost 5 years, authoring almost 900 articles on Finder alone. She has also been published in Yahoo Finance, Dynamic Business, Financy and Mamamia, as well as Music Feeds and Rolling Stone. Sally has a Bachelor of Communication and Media Studies majoring in Journalism (Hons) from the University of Wollongong.

Expert review

The Qantas American Express Premium earns 1 Qantas Point per $1 on most purchases (0.5 points per $1 with government bodies) and has a decent bonus points offer that can give you extra value as a new card member. As an example, you could use 80,000 Qantas Points on a return business class flight between Melbourne and the Gold Coast (55,200 points) with points left over. Or, you could get $400 worth of Woolworths WISH digital gift cards (79,030 points for one $250 card, one $100 card and one $50 card). You'll also get $200 back onto your card if you meet the same spend requirement for the bonus points, helping to offset the $249 annual fee.

How to apply

You can apply for the Qantas American Express Premium credit card online in 10 minutes and receive a response within 60 seconds. Before you apply, check that you meet the eligibility criteria and have the necessary information to complete the application.

Eligibility criteria

  • Income. You must earn an annual income of $40,000 or more.
  • New card members. The bonus Qantas Points offer and the statement credit offer are not available to those who hold or have held an American Express in the previous 18 months.

Card benefits

  • 80,000 bonus Qantas Points. You'll receive these bonus Qantas Points when you apply online by 02 February 2021, are approved and spend $3,000 on eligible purchases using your new card within the first 3 months of card membership. Eligible purchases include most everyday spending but do not include cash advances, interest, fees and charges or traveller's cheques and foreign currencies.
  • $200 back. You'll also get $200 back to your new Qantas American Express Premium card when you apply online by 02 February 2021, are approved and spend $3,000 on eligible purchases within the first 3 months. You'll receive both the $200 statement credit and bonus Qantas Points within 8 to 10 weeks of meeting the spend requirement. Note that you only have to meet the spend requirement once to be eligible for bonus points and the statement credit.

Rates & fees

  • Annual fee. This card charges a $249 p.a. annual fee.
  • Purchase interest rate. You'll be charged 20.74% p.a. interest on purchases.
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