Qantas American Express Premium Credit Card – Rates and Fees

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With a 30,000 bonus Qantas Points offer and up to 2.25 Qantas Points per $1 spent, the Qantas American Express Premium Credit Card makes a convenient and rewarding choice.

With a worthwhile rewards program and complimentary insurance covers, you’ll be able to take advantage of premium services and save money at the same time. New card members receive 30,000 bonus Qantas Points when you apply online, get approved and spend $1,500 within the first three months of card membership.

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.
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
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
MailYes

Pros

  • New card members can receive 30,000 bonus Qantas Points when they apply online, get approved and meet the minimum required spend.
  • Enjoy 0% p.a. on balance transfers for the first 12 months.
  • Request up to 4 supplementary cardholders 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 charges a relatively high annual fee of $249.
  • A one-time 1% balance transfer fee applies.
Rewards ProgramQantas Frequent Flyer
Bonus Points on Sign-up30,000
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 includes a 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 everyday items like groceries, you can earn reward points that you can redeem later for travel expenses.

New customers receive 30,000 bonus Qantas Points when you apply online, get approved and spend $1,500 on eligible purchases on your new card within the first three months of card membership.

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

Benefits of the Qantas American Express Premium Credit Card

  • 30,000 bonus Qantas Points. Earn 30,000 bonus Qantas Points when you apply online, are approved and spend $1,500 on eligible purchases using 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.
  • 0% p.a. on balance transfers for 12 months. The Qantas American Express Premium Card comes with an introductory offer of 0% p.a. for 12 months on balance transfers (a one-off credit plan establishment fee of 1% applies). After this period, any unpaid balances will attract the standard interest rate on purchases, currently at 20.74% p.a.
  • 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.
  • Qantas Club lounge invitations. As a Qantas American Express Premium cardholder, you will qualify to receive 2 Qantas Club Lounge invitations after your first card spend each anniversary year on selected Qantas products and services in Australia.
  • Complimentary Qantas epiQure Premium Membership. You can apply to Qantas epiQure 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 qantasepiqure.com.au.
  • 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.
  • Travel inconvenience cover 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.

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.

  • 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.
  • Mobile payments. You can set up Apply Pay, Samsung Pay or Android Pay to make contactless mobile payments with your smart device.
  • 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

If you think this offer suits you, you can apply for the card online. Before you apply, make sure you've met the eligibility criteria and organised the necessary documents:

Eligibility criteria

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

Required documents

  • Driver's licence, 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

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102 Responses

  1. Default Gravatar
    TERRYNovember 10, 2017

    I am retired and my income comprises a age pension and a monthly payment from my Superannuation Income Stream. Will the super payment be accepted when they apply the minimum income test? A bank with whom I applied for a new card would not accept it. I have a long unblemished credit history.

    • Default Gravatar
      JonathanNovember 10, 2017

      Hi Terry,

      Thank you for your inquiry. We understand that you wish to apply for a credit card using your super income.

      Please be informed that there are selected card issuers who consider Superannuation or any form of pension. As for Qantas AMEX Premium Credit Card, they require applicants to be either employed or self-employed (with details manifested by their accountant) with pre-tax annual income of AUD$40,000 or more.

      Hope this clarifies. Let us know if you need anything else.

      Cheers,
      Jonathan

  2. Default Gravatar
    October 30, 2017

    Hi,
    I previously held an American Express credit card [issued by American Express Australia, not a bank] which I cancelled in approximately May 2017. Would I qualify as a “new card member” for the purpose of the bonus points offer above?

    I hold no other American Express cards with any institution at this stage.

    • Staff
      ArnoldOctober 30, 2017Staff

      Hi Manish,

      Thanks for your inquiry

      I’m afraid this offer is available only to new card members, this also applies to bank-issued American Express companion cardholders. I hope this answers your question.

      Hope this information helps

      Cheers,
      Arnold

  3. Default Gravatar
    sydneysiderAugust 22, 2017

    Hi,

    I applied for this card online and was “approved” told the card would be with me in 5-7 business days. It seems too easy as they didn’t ask for bank statements etc. May be a dumb question but is this normal, I didn’t think it would be as simple as that to get an Amex.

    • Staff
      HaroldAugust 22, 2017Staff

      Hi Sydneysider,

      Thank you for your inquiry.

      While we do not represent any company that we feature on our pages, we can offer you a general information. If you are in doubt with your application you may want to read the guide here and to check your legit options.

      I hope this information has helped.

      Cheers,
      Harold

  4. Default Gravatar
    June 24, 2017

    Hi, I just applied for this credit card through the link. How will I know if the exclusive Finder bonus points will be applied? There wasn’t anywhere to mention or select this in the registration process.
    Many thanks,
    Danielle

    • Default Gravatar
      JonathanJune 24, 2017

      Hi Danielle!

      As long as you applied for this card by clicking the “Go to Site” green button from our site which redirected you to Qantas AMEX and met the other requirements, you should be good. You will be notified once this is credited to your account.

      Please take note of the complete disclosure statement for the offer:

      FINDER EXCLUSIVE OFFER: Receive 50,000 bonus Qantas Points3 when you apply online by 30 June 2017, are approved and spend $1,500 on your new Card within the first 3 months. This offer is available to new Card Members, as well as Bank-issued American Express companion cardholders.

      Hope this clarifies,

      Cheers!
      Jonathan

    • Default Gravatar
      June 26, 2017

      Thanks for your reply. I spoke to AMEX today who approved my application but they weren’t aware of the 50k bonus points and said they need to get applied by the affiliate partner. Can you please confirm? They were not aware of this offer at all. Thanks!

    • Default Gravatar
      JonathanJune 27, 2017

      Hi Danielle!

      We’re glad you messaged us again!

      That sounds surprising because it is actually in their website. Tell their representative to look for The Qantas American Express Premium Card under their personal cards, then look for “Highlights” a bit below. It is the first bullet right there. Check it yourself. :)

      You can inform them that you were directed from finder.com.au when you applied and did the online application. Once you spent $1,500 on your new Card within the first 3 months, it should be posted by then.

      Hope this helps.

      Cheers,
      Jonathan

  5. Default Gravatar
    DJune 20, 2017

    Hi! I have an American Express card with ANZ bank. Will I still be eligible for the 50k qantas points for sign up bonus with this card? Thanks

    • Default Gravatar
      JonathanJune 20, 2017

      Hi D!

      Thanks for the inquiry.

      This offer is available only to new card members, as well as bank-issued American Express companion cardholders.

      Hope this clarifies.

      Cheers,
      Jonathan

  6. Default Gravatar
    GrahamApril 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 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
      HaroldApril 5, 2017Staff

      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

  7. Default Gravatar
    BarryMarch 31, 2017

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

    • Staff
      AnndyMarch 31, 2017Staff

      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

  8. Default Gravatar
    JaneNovember 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
      MayDecember 1, 2016Staff

      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

  9. Default Gravatar
    BlenderSeptember 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
      YsaSeptember 20, 2016Staff

      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

  10. Default Gravatar
    ArchieAugust 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
      MayAugust 11, 2016Staff

      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

Credit Cards Comparison

Rates last updated December 11th, 2017
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19.74% p.a.
0% p.a. for 25 months
$90 p.a.
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12.74% p.a.
0% p.a. for 24 months
$0 p.a. annual fee for the first year ($99 p.a. thereafter)
Offers complimentary travel insurance, complimentary purchase insurance and access to a 24/7 personal concierge service.
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19.99% p.a.
0% p.a. for 14 months
$0 p.a. annual fee for the first year ($49 p.a. thereafter)
Receive a $50 eGift Card when you meet the offer criteria, a 0% p.a. for 14 month balance transfer offer and a $0 first year annual fee.
Virgin Australia Velocity Flyer Card - Bonus Points Offer
20.74% p.a.
0% p.a. for 18 months
$64 p.a. annual fee for the first year ($129 p.a. thereafter)
Earn up to 60,000 bonus Velocity Points in the first 3 months on eligible spend and enjoy a discounted annual fee of $64 for the first year.

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* 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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