Qantas American Express Premium Credit Card

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.

You can boost your rewards balance with 30,000 bonus Qantas Points when you apply online, get approved and spend $3,000 within the first 3 months of card membership.

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Sally McMullen

Last Updated Dec 28, 2020

30,000

Bonus points

20.74% p.a.

Purchase rate

Reward point

Per $ spent

$249 p.a.

Annual fee

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Details

Product Name	Qantas American Express Premium Card
Rewards program	Qantas Frequent Flyer
Purchase rate	20.74% p.a.
Annual fee	$249
Interest-free period	Up to 44 days on purchases
Min credit limit	$2,000
Max credit limit	$25,000
Card type	American Express
Foreign currency conversion fee	3%

Minimum income	$40,000
Available to temporary residents	Yes - Conditions apply
Joint application	No

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 program	Qantas Frequent Flyer
Bonus points	30,000
Rewards points per $ spent	1
Rewards points cap	Uncapped

Annual fee	$249
Minimum monthly repayment	2.5% of the closing balance or $30, whichever is greater
Late payment fee	$30
Foreign currency conversion fee	3%
Additional cardholder fee	$0
Number of additional cardholders	4

Go to American Express's site More info

Review by

Sally McMullen

sally.mcmullen@finder.com.au

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).

This card also gives you a way to relax pre-flight with 2 complimentary Qantas Club lounge invitations per year, which you can currently use at a number of domestic airport terminals around Australia. As well as the bonus points and lounge passes, the Qantas American Express Premium Card provides complimentary purchase and travel insurance covers. It also offers complimentary Qantas Wine Premium membership, which normally costs $99. However, you should aim to make full use of the extra features to offset the $249 annual fee on this card.

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.

Credit history. You must have a good credit score and history with no evidence of bad debt or payment defaults. If you don't know your credit score or what's on your file, you can get a free copy of your credit report through Finder.
Residency. You must be an Australian citizen, permanent resident or holder of a current long term visa (12 months or more, not including student visas) to be eligible to apply.
Age. You'll need to be at least 18 years of age to apply.

Required documents

Personal information. This includes your full name, date of birth, residential address and contact details
Proof of identification. Such as your driver's licence, passport, Medicare card, and/or Australian birth certificate.
Income and finances. You'll need to confirm your annual income with recent bank statements and payslips. You may also need to provide details of any financial liabilities and assets.
Employment. You'll need to confirm your current place of employment and provide your employer's contact details.
Qantas Frequent Flyer details. To receive your Qantas Points, you'll need to include your Qantas Frequent Flyer membership number.
Balance transfer. If you're conducting a balance transfer, you'll need to confirm the amount of the debt you're transferring and provide the relevant account number from your original account.

Go to American Express's site More info

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.

Shop Small points offer. Earn extra 3 Qantas Points per $1 spent and support small businesses. Just save the American Express Shop Small offer to your card and spend with participating businesses by 31 March 2022. The offer is valid both in store and online and you can earn a maximum total of 40,000 extra points. Check out Finder's news story on Shop Small for a breakdown of how it works.
Qantas Club Lounge invitations. You can travel in style and wait for your flight away from the crowds while enjoying complimentary food and beverages with two complimentary single entry invitations to the Qantas Club Lounge at select airports each year. You'll receive your lounge invitations after your first spend on selected Qantas products and services each membership year.
Qantas Points per $1. You will earn 1 Qantas Point for every dollar spent on eligible purchases, and 0.5 Qantas Points per dollar spent with the Australian government. You will earn an additional 1 Qantas Point per $1 on select Qantas spend.
Complimentary travel insurance. You can travel with peace of mind and save on necessary costs with complimentary travel insurance. You'll be covered for up to for delayed flight departures with travel inconvenience cover, up to $200,000 with transport accident cover and can access up to $2,500,000 for medical costs with medical emergency expenses insurance. If your baggage, money or documents are lost or damaged, you can claim up to $5,000 and you'll be covered up to $7,500 for any travel cancellations. This travel insurance also covers your eligible spouse or dependent children travelling with you.
Complimentary Qantas Wine Premium Membership. You can apply to Qantas Wine Premium for free as long as you continue to hold your Qantas American Express Premium Card. This program rewards you with 3 Qantas Points per $1 spent on Qantas Wine purchases in addition to the standard earn rates you can expect when spending with your card.
Refund protection. Amex will credit your account if you're refused a refund on an unused eligible purchase within 90 days of buying it.
Purchase protection. This offers cover for repairs or refunds on eligible items if they're accidentally broken or stolen within 90 days of purchase.
Mobile payment integration. You can set up the Apple Pay, Samsung Pay or Google Pay wallet to make contactless payments with your compatible smart device.
Global Card Support. You can contact the Global Card Support team at any time of the day or night from anywhere in the world.
Online fraud protection. 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 your card is lost or stolen, you can get a replacement card within 48 hours virtually anywhere in the world.

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.

Interest-free days. When you pay your balance in full by the statement due date, you can take advantage of up to 44 interest-free days.
Additional cards. You can request up to 4 additional cards for free to maximise the number of Qantas Points you can earn. Additional card members must be 16 years of age or over and the primary cardholder will be liable for any transactions made using these cards.

Go to American Express's site More info

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Qantas American Express Premium Credit Card