Qantas American Express Premium Credit Card

Offers 70,000 bonus Qantas Points and a strong earn rate per $1 spent, with a $249 annual fee.

It's not the biggest bonus points offer on the market. But the high earn rate, lounge passes, complimentary insurance covers and other Amex perks, mean the Qantas American Express Premium credit card could be what you're looking for if you don't want to shell out for a $300+ annual fee every year.

70,000

Bonus points

20.74% p.a.

Purchase rate

1

Reward point

Per $ spent

$249 p.a.

Annual fee

We’re reader-supported and may be paid when you visit links to partner sites. We don’t compare all products in the market, but we’re working on it!

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

  • 70,000 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 points70,000
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

Review by


Amy Bradney-George has been writing about personal finance for more than 13 years – including over 600 articles as a senior writer for Finder. Her work has also appeared in publications including Money Magazine, The Sydney Morning Herald, Financy, ABC News Australia and Equity Magazine. Amy has a Bachelor of Arts in Journalism and Drama from Griffith University.

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). Its 70,000 bonus Qantas Points offer can also help you get extra value from the card. For example, it's enough to get a return business class flight from Sydney to Hamilton Island (55,200 points), Brisbane to Hobart (69,100 points) or $325 worth of Woolworths WISH gift cards through the Qantas Store (67,360 points).

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

  • 70,000 bonus Qantas Points. Receive 70,000 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.
  • 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.

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.
Go to site