AMEX Qantas Premium Credit Card rates & fees | finder.com.au

Qantas American Express Premium Credit Card

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Enjoy 30,000 bonus Qantas Points and complimentary lounge invitations with a new Qantas American Express Premium.

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

30,000

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 periodUp to 44 days on purchases
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

  • 30,000 bonus Qantas Points offer
  • 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 days interest-free on purchases, as opposed to most cards with 55 days
  • The standard annual fee of $249 is relatively high
Rewards programQantas Frequent Flyer
Bonus points30,000
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 spent on most purchases (and 0.5 points per $1 with government bodies). It has one of the smaller bonus Qantas Points promotions on the market, but it can still help you get extra value from the card. To give you an idea, you could use 30,000 Qantas Points to fly one-way in business class from Brisbane to Hobart (27,600 points) or book a return economy flight from Sydney to Cairns (14,400 points each way).

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. To be eligible for the bonus points offer, you cannot hold or have held an American Express account in the previous 18 months.

Card benefits

  • 30,000 bonus Qantas Points. Receive 30,000 bonus Qantas Points when you apply online, are approved and spend $3,000 on eligible purchases using your new card within the first 3 months of card membership. The bonus points will be credited to your account within 8 to 10 weeks of meeting the spend requirement.
  • Plan It Instalments. Qantas American Express Premium also offers a feature that gives you a flexible way of paying off your credit card balance in equal monthly instalments, with 0% p.a. interest and a fixed monthly fee.

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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