Qantas American Express Premium Credit Card – Rates and Fees

Information verified correct on April 26th, 2017
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With 60,000 bonus Qantas Points when you meet the minimum spend requirement and up to 2.25 frequent flyer points for every dollar spent, the Qantas American Express Premium Credit Card makes a convenient and rewarding choice.

You can enjoy competitive rates and fees from American Express when you sign up for the Qantas American Express Premium Credit Card.

With a satisfying rewards program and complimentary insurance covers, you’ll be able to take advantage of premium services and save money at the same time. Enjoy 60,000 bonus Qantas Points after you apply online as a new member by 1 May 2017, get approved and spend $1,500 within the first three months of card approval.

Product NameQantas American Express Premium Card
Rewards ProgramQantas Frequent Flyer
Balance transfer rate (p.a.)0% p.a. for 12 months with 1% balance transfer fee
Balance Transfer Revert Rate
The interest rate after the balance transfer ends.
Purchase Rate (20.74% p.a.)
Balance Transfer Limit70% of available credit limit
Maximum Balance Transfer Amount$10,000
Purchase rate (p.a.)20.74% p.a.
Offer end date1 May 2017
Annual fee$249 p.a.
Interest Free Period
The interest-free period on purchases is the period or number of days you do not have to pay interest on your card purchases. You will be charged interest either from the day you make a purchase or from the statement date, unless you pay the closing balance in full by the due date (or within the interest-free period) on your statement.
Up to 44 days on purchases
Min credit limit
This is the lowest credit card limit that you can request. It is possible to apply for a higher credit card limit but not a lower one than this figure.
$2,000
Minimum Monthly Repayment2.5% or $30
Minimum Income$40,000
Card TypeAmerican Express
Late Payment Fee$30
Foreign Currency Conversion Fee (AMEX)
Foreign currency conversion fees are charged when you make a transaction that is converted by a credit card network, such as MasterCard, Visa or American Express, from Australian dollars to a foreign currency. You’ll also incur a currency conversion fee if you make a purchase or obtain a cash advance in Australian dollars while overseas or shopping online with a foreign merchant or financial institution.
3% of transaction value
Complimentary Travel InsuranceYes
Available To Temporary ResidentsYes - Conditions apply
Joint ApplicationNo
Minimum Income$40,000
Minimum Age18 years of age
Available to Temporary ResidentsYes - Conditions apply
Credit Rating Requirement
Credit rating requirement is provided only as a guide. Understanding your credit file helps you make more informed decisions in regards to your finances. Learn more about what this means here.
Good
Min Credit Limit
This is the lowest credit card limit that you can request. It is possible to apply for a higher credit card limit but not a lower one than this figure.
$2,000
Annual Fee$249 p.a.
Minimum Repayment2.5% or $30
Late Payment Fee$30
Cash Advance Fee$2.50 or 2% of the cash advance amount
Overseas Emergency Replacement$0
Overseas ATM Withdrawal Fee$2.50
Foreign Currency Conversion Fee (AMEX)
Foreign currency conversion fees are charged when you make a transaction that is converted by a credit card network, such as MasterCard, Visa or American Express, from Australian dollars to a foreign currency. You’ll also incur a currency conversion fee if you make a purchase or obtain a cash advance in Australian dollars while overseas or shopping online with a foreign merchant or financial institution.
3% of transaction value
Gambling Transactions AllowedNo
Additional Cardholder Fee$0 p.a.
Number of Additional Cardholders4
BPAYYes
ChequeYes
Direct DebitYes
Australia PostYes
Phone BankingNo
Internet Banking TransfersYes
In BranchNo
MailNo

Pros

  • Receive 60,000 bonus Qantas Points when you apply online as a new card member, are approved by 1 May 2017 and meet the minimum required spend.
  • Enjoy 0% p.a. on balance transfers for the first 12 months.
  • Although the annual fee is high, up to 4 supplementary cardholders can be added to the account at no extra cost.
  • A rate of 1.25 points per dollar spent on everyday purchases is a decent reward for your spending.

Cons

  • There is only up to 44 days interest-free when you make a purchase on this card.
  • This card has a high annual fee of $249.
  • A 1% balance transfer fee applies.
Rewards ProgramQantas Frequent Flyer
Bonus Points on Sign-up60,000
Rewards Points per $ (AMEX)1.25
Rewards Points per $ (AMEX) CapUncapped
Points ExpiryNever

Qantas American Express Premium Credit Card review

The Qantas American Express Premium Credit Card has a satisfying rewards program that lets you earn up to 2.25 Qantas Points for every dollar you spend on eligible purchases. This means that when you buy simple everyday items like groceries, you can earn reward points that you can later redeem to take care of travel expenses.

Also receive 60,000 bonus Qantas Points if you are a new American Express customer, apply for the card and are approved by 1 May 2017. All you need is spend $1,500 on eligible purchases on your new card within the first three months of card membership.

With this credit card, you'll also get extra premium features like access to complimentary insurance covers, Qantas Club lounge invitations, and more.

Benefits of the Qantas American Express Premium Credit Card

  • Earn points toward great travel rewards with the rewards program

    • Earn 60,000 Qantas Points
      Earn 60,000 bonus Qantas Points when you apply online by 1 May 2017, are approved and spend $1,500 on eligible purchases on your new card within the first three months of card membership. This offer is available to new card members, as well as Bank-issued American Express companion cardholders.
    • Get up to 2.25 points for every dollar spent
      You can earn 1.25 Qantas Points for every dollar spent on eligible purchases and an additional 1 Qantas Point per $1 when paying for selected Qantas products and services in Australia. You also earn 0.5 Qantas Points per dollar spent towards the government.
    • Get a supplementary card for free and earn more
      By choosing to get a free supplementary card for a family member to use, you can earn points and rewards faster. Purchases on both cards can earn points which means you can rack them up faster and get your rewards sooner.
  • Get peace of mind with complimentary travel insurance

    • Travel inconvenience is available through your card
      Delayed flights can cost you both time and money. While your Qantas AMEX Premium Credit Card can't make up for your lost time, it can prevent you from losing money due to delayed flights. With travel inconvenience insurance, you're covered for up to $200 for delayed flight departures.
    • Transit accident cover keeps you safe while travelling
      If you are injured while using public transportation during your travels, you can be covered for up to $200,000. With this feature, you and your family can feel safe and your trip shall be more enjoyable.
    • Medical cover can save you money on hefty medical bills
      You'll also receive Medical Emergency Expenses insurance. This will cover up to $2,500,000 in medical expenses in the event that you get hurt or sick and need medical attention while travelling.
    • Baggage, Money and Documents Cover protect your property while on holiday
      With this complimentary insurance through your credit card, you can get coverage of up to $5,000 if you lose your baggage, money, or any documents. They will also be covered if they are damaged.
    • Travel Cancellation insurance can put money back in your pocket through AMEX
      Sometimes emergencies come up, and either you have to cancel a planned trip or the agency in question must cancel your arrangements. When this happens, it can cost you money. However, with travel cancellation coverage, you can get up to $7,500 to cover any cancellations.
  • Contactless payments

    • Apple Pay. Setting up Apple Pay on your Qantas American Express Premium Card gives you an access to rewards, benefits and security in making payments. Learn more here.
    • Samsung Pay. Sign in to Samsung Pay and start making contactless payments using your qualifying Samsung device. Learn more here.
    • Android Pay. Start making easy payments by adding your Qantas American Express Premium Card to Android Pay and simply tap your android device on an eligible merchant's contactless terminal whenever you want to complete a purchase there. Learn more here.

Features of the Qantas American Express Premium Credit Card

There are a number of other features that you'll be able to gain access to once you're approved for the Qantas American Express Premium Credit Card.

  • Qantas Club lounge invitations. As a cardholder, you'll get two free lounge invitations when you buy selected Qantas products or services.
  • Online account access. You'll also be able to access your account at any time through the online interface. You can even get mobile access through your smartphone.
  • Instant alerts. At no additional cost to you, you'll be able to sign up for instant alerts so you know exactly what's happening in your account.
  • Global Card Support. This feature ensures that you'll get account assistance day and night, anywhere you are in the world
  • Refund protection. You can also get a refund through American Express if you're denied one on an unused eligible purchase within 90 days after your purchase.
  • Purchase protection. This will cover any repairs or refunds on certain purchases if they're accidentally broken or stolen within 90 days of buying them.
  • Online fraud protection. This is a guarantee that says you won't be held responsible for unauthorised or fraudulent charges on your card if you notify American Express upon discovery of the activity.
  • Emergency card replacement. If you lose or have your card stolen, you can get a replacement card within a few days (sometimes within one working day) almost anywhere in the world.

How to apply for the Qantas American Express Premium Credit Card

Before applying for this card, be sure that you meet the eligibility criteria. This will ensure that you won't waste time filling out an application just to find out that you are not qualified.

Eligibility criteria

  • Be over 18 years old
  • Be a permanent Australian resident or an Australian citizen
  • Earn a minimum of $40,000 p.a.
  • Have a good credit history free of defaults

Required documents

  • Driver's license, passport, Medicare card, and/or Australian birth certificate for identification purposes
  • Payslips or other financial documents to prove your income
  • Employer's name and address
  • Lists of financial liabilities and assets

The Qantas American Express Premium Credit Card offers a great rewards program along with additional features like balance transfers and complimentary insurance covers. Be sure to compare this card with other available options to get the most valuable deal for your needs.

Frequently Asked Questions

Is my spouse and/ or children eligible for the complimentary travel insurance cover?

Primary card members and their husband, wife, fiance(e), de-facto or life partner with whom they have continuously cohabited for a period of six (6) months or more, legally dependent children (including stepchildren or legally adopted children) who are twenty-two (22) years of age or less and wholly dependent on them for financial support are eligible for this complimentary travel insurance. To be eligible for this travel insurance policy, you must purchase the full fare of the trip on your Qantas American Express Premium Credit Card or with Qantas Frequent Flyer points before travelling. This cover is available for sixty-two (62) consecutive days.

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90 Responses to Qantas American Express Premium Credit Card – Rates and Fees

  1. Default Gravatar
    Graham | April 3, 2017

    I use an existing Amex card through ANZ with a companion card for my wife. If we sign up for a Qantas Amex will be be eligible for the 60,000 Qantas bonus frequent flyer points? Also,is there an upper limit to how many points can be earned in each billing period?
    Thank you

    • Staff
      Harold | April 5, 2017

      Hi Graham,

      Thank you for your inquiry.

      Typically, eligible purchases do not include cash advances, interest, balance transfers, fees and charges for traveller’s cheques and foreign currencies. Qantas Points are earned in accordance with and subject to the Qantas American Express Card Points Terms and Conditions. 60,000 Qantas Points will be credited to the Card Member’s Qantas Frequent Flyer account 8 to 10 weeks after the spend criteria has been met.

      I hope this information has helped.

      Cheers,
      Harold

  2. Default Gravatar
    Barry | March 31, 2017

    can my wife have an additional card if i get the Qantas American Express premium card?

    • Staff
      Anndy | March 31, 2017

      Hi Barry,

      Thanks for your question.

      Yes, Qantas American Express Premium Credit Card allows up to 4 additional cardholders at no extra cost.

      Cheers,
      Anndy

  3. Default Gravatar
    Jane | November 30, 2016

    I have booked and paid for return flights on my Amex card for my husband, dependant daughter and myself. We are all travelling together. I am a supplementary cardholder and my husband is the primary cardholder. As I used my card are we still covered for travel insurance?

    • Staff
      May | December 1, 2016

      Hi Jane,

      Thanks for your question.

      Unfortunately, no. The supplementary card does not come with complimentary travel insurance. So your husband, as a primary cardholder, should use his card to purchase the tickets and other travel costs for your entire trip so that you and your daughter will be covered. Please refer to this page for more information on AMEX complimentary travel insurance.

      Cheers,
      May

  4. Default Gravatar
    Blender | September 8, 2016

    I’m a little confused by the international fees. So if I draw out money at an overseas ATM, I would get charged an overseas cash advance fee of $2.50(or 2%), plus overseas ATM withdrawal fee of $2.50, plus a foreign currency conversion fee of 3%? That seems like one fee too many, or is that correct?

    • Staff
      Ysa | September 20, 2016

      Hi Blender,

      Thanks for your question.

      An overseas ATM withdrawal of $2.50 will apply when you withdraw your money on any ATM overseas.

      On the other hand, the overseas cash advance fee will only be charged per transaction for a cash made outside Australia and will be debited on the transaction date. Whilst the foreign conversion fee will only be charged for any transactions made in foreign currency.

      I hope this helps.

      Cheers,
      Ysa

  5. Default Gravatar
    Archie | August 11, 2016

    Will I earn points with local government payments eg council rates and with payments made for utilities bills eg water, power,gas. What bonus offers do you currently have. I note the 30000 points expired February 2016.

    • Staff
      May | August 11, 2016

      Hi Archie,

      Thank you for your question.

      Yes, with AMEX Qantas Premium Credit Card, you can earn 0.5 Qantas Points per $1 spent on providers of utilities, telecommunications, government bodies and other insurances.

      Currently, this card lets you earn up to 30,000 bonus Qantas Points when you apply as a new cardholder, are approved and meet the spend criteria below:

      - 22,500 bonus Qantas Points: when you spend $500 on eligible purchases on your card within the first three months of card membership;

      - 5,000 bonus Qantas Points: when you make your first purchase on your new card; and

      - 2,500 bonus Qantas Points: after your first card spend in Australia on selected Qantas products and services.

      I hope this has answered your questions.

      Cheers,
      May

  6. Default Gravatar
    Mike | March 9, 2016

    Can you tell me if my wife is eligible for the introductory bonus points if she applies and is accepted for a new card where she is the primary cardholder, if she is already a supplementary cardholder on my amex card where I am the primary cardholder? From reading the T&C’s for the card I would conclude yes as the “member” I would take to mean the person whose name the account is in.

    • Staff
      Debbie | March 10, 2016

      Hi Mike,

      Thanks for your inquiry.

      As long as your wife has not previously owned any American Express card or has been a primary cardholder within the past twelve months, then she should be eligible for the bonus points offer.

      I hope this has helped.

      Cheers,
      Debbie

  7. Default Gravatar
    anita | March 2, 2016

    Am I able to pay company tax with this AMEX Qantas premium credit card?

    • Staff
      Sally | March 2, 2016

      Hi Anita,

      Thanks for your question.

      You’ll earn on 0.5 points per dollar spent on ATO payments.

      I hope this has helped.

      Cheers,

      Sally

  8. Default Gravatar
    Lou | February 25, 2016

    Hi
    I have a David Jones store card (which is financed by AMEX)does this mean I am not eligible for the points offer? this is the DJ Store card, not the David Jones American Express Card.
    Thanks!

    • Staff
      Ally | February 25, 2016

      Hi Lou,

      Thank for reaching out.

      Kindly note that finder.com.au is an online comparison service that does not represent any credit card issuer such as AMEX.

      Nonetheless, we can confirm that the AMEX Qantas Premium Credit Card bonus points offer is only available to new AMEX Members who apply online by 29 February 2016, are approved and meet the required spend criteria. Existing cardholders and those who have previously held AMEX credit cards in the past 12 months are ineligible for the offer.

      You’ve mentioned that you only hold the DJ store card and not the David Jones AMEX card. If you haven’t enrolled your DJ store card in the Membership Rewards Points program yet, then you may still apply for the AMEX Qantas Platinum card and become eligible to earn its rewards points.

      For more information, kindly read through the link that I sent to your email. You may also opt to contact AMEX for direct assistance through the contact details that I sent you.

      I hope this has helped.

      Cheers,
      Ally

  9. Default Gravatar
    luan | February 22, 2016

    I have a corporate AMEX issued by my workplace under my name. Am I still eligible for the points bonus with this?

    • Staff
      Jonathan | February 22, 2016

      Hi Luan, thanks for your inquiry!

      Since you are a primary cardholder within the past 12 months, unfortunately you are ineligible for this bonus points offer. You may like to compare other Qantas Frequent Flyer credit cards on this page.

      Cheers,

      Jonathan

  10. Default Gravatar
    deb | February 19, 2016

    what are eligible purchases ?? does this mean you have to buy certain things to earn qantas points with the amex card

    • Staff
      Sharon | February 19, 2016

      Hi Deb, thanks for your inquiry.

      Eligible purchases are everyday purchases made using your card but does not include cash advances, interest, balance transfers, fees and charges for traveller’s cheques and foreign currencies.

      Cheers,

      Sharon

Credit Cards Comparison

Rates last updated April 26th, 2017
Purchase rate (p.a.) Balance transfer rate (p.a.) Annual fee
Virgin Australia Velocity Flyer Card - Balance Transfer Offer
Earn 2 Velocity Points on top of the standard earn rate per $1 spent within the first three months. Plus, save with a long-term balance transfer offer and a reduced annual fee in the first year.
20.74% p.a. 0% p.a. for 18 months with 1.5% balance transfer fee $64 p.a. annual fee for the first year ($129 p.a. thereafter) Go to site More info
HSBC Platinum Credit Card
Receive a full annual fee refund and save $149 if you meet the $6,000 spend requirement. Enjoy a balance transfer offer and platinum card benefits such as complimentary insurances and concierge services.
19.99% p.a. 0% p.a. for 15 months $149 p.a. Go to site More info
ANZ Platinum Credit Card - Exclusive Offer
Receive a low introductory offer of 0% p.a. on purchases for 3 months and 0% p.a. on balance transfers for 12 months. Also, enjoy an annual fee waiver in the first year.
0% p.a. for 3 months (reverts to 19.74% p.a.) 0% p.a. for 12 months $0 p.a. annual fee for the first year ($87 p.a. thereafter) Go to site More info
NAB Premium Card
An introductory rate of 0% p.a. for 24 months on balance transfers combined with premium benefits such as travel insurance covers.
19.74% p.a. 0% p.a. for 24 months with 3% balance transfer fee $90 p.a. Go to site More info

* The credit card offers compared on this page are chosen from a range of credit cards finder.com.au has access to track details from and is not representative of all the products available in the market. Products are displayed in no particular order or ranking. The use of terms 'Best' and 'Top' are not product ratings and are subject to our disclaimer. You should consider seeking independent financial advice and consider your own personal financial circumstances when comparing cards.

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