Qantas American Express Ultimate Card – Rates and Fees

Enjoy a 55,000 bonus Qantas Points offer, a yearly $450 travel credit and four complimentary lounge invitations.

The Qantas American Express Ultimate Card offers 55,000 bonus Qantas Points, uncapped points per dollar spent and a $450 travel credit every year.

You can also look forward to two complimentary Qantas Club lounge invitations and two American Express lounge invitations every year, complimentary travel insurance and a complimentary Qantas Wine Premium membership.

Product NameQantas American Express Ultimate Card
Rewards ProgramQantas Frequent Flyer
Balance transfer rate0% p.a. for 12 months with 1% balance transfer fee
Balance transfer revert rate
The interest rate that will apply to any remaining balance after the balance transfer term 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$450 p.a.
Interest Free Period
The interest-free period is the maximum number of days during which interest is not charged on new purchases. This only applies if you pay your closing balance in full by the statement due date.
Up to 44 days on purchases
Min credit limit
This is the lowest credit limit you can be granted. It is possible to request a higher credit limit but not a lower one than this figure.
$3,000
Max credit limit
This is the maximum credit limit available on this card and you can apply for increases after the account has been opened. This credit limit may not be issued to you immediately upon application.
$50,000
Card TypeAmerican Express
Foreign Currency Conversion Fee (AMEX)
Charged when you make a transaction that is converted by 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
Minimum Income$65,000
Minimum Age18 years of age
Available To Temporary ResidentsYes - Conditions apply
Joint ApplicationNo
Annual fee$450 p.a.
Minimum Monthly Repayment2.5% or $30, whichever is greater
Late Payment Fee$30
Foreign Currency Conversion Fee (AMEX)
Charged when you make a transaction that is converted by 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
Number of Additional Cardholders4

Pros

  • Receive 55,000 bonus Qantas Points when you apply online, are approved and spend $3,000 within three months of card membership.
  • Earn up to 2.25 Qantas Points per $1 spent on eligible purchases.
  • You can use your yearly $450 Qantas Travel Credit for international or domestic flights when you book and pay online through American Express Travel.
  • Enjoy two complimentary Qantas Club lounge invitations each year.
  • You'll get a complimentary Qantas Wine Premium Membership.
  • You can request up to 4 additional cards at no extra cost.

Cons

  • Relatively high annual fee of $450 p.a.
  • Income before tax must be $65,000 p.a. or over.
Rewards ProgramQantas Frequent Flyer
Bonus Points55,000 bonus points
Rewards Points per $ spent (AMEX)1.25
Rewards Points per $ (AMEX) CapUncapped

Benefits of using the Qantas American Express Ultimate Card

  • 55,000 bonus Qantas Points. This introductory offer gives you enough points for a one-way business class flight from Perth to Singapore (50,000 points plus fees and taxes) or one-way economy class flights from Melbourne to Los Angeles (45,000 points). To collect the bonus points, you have to apply online as a new cardmember, get approved and spend $3,000 on card purchases in the first 3 months.
  • Complimentary Qantas Wine Premium membership. Enjoy free delivery on all orders within Australia, 3 points per $1 spent on wine (in addition to the points earned through your card) and exclusive member offers through Qantas Wine.
  • $450 Qantas Travel Credit. The Qantas American Express Ultimate Card rewards you with a $450 Qantas Travel Credit each year, which you can use for eligible international or domestic Qantas flights. This will be credited to your account when you book and pay online through American Express Travel.
  • Uncapped Qantas Points per $1 spent. Regardless of how much you spend each month, you'll earn 1.25 Qantas Points per $1 spent on most purchases made with this card, except for spending with government bodies in Australia, which will earn you 0.5 points per $1.
  • Additional point per $1 for Qantas spending. Book Qantas flights with a QF flight number through qantas.com.au or pay for Qantas Frequent Flyer and Qantas Club membership joining/annual fees to collect 1 additional point per $1 spent.
  • Airport lounge passes. This card gives you two entries to the American Express Lounge at Sydney International (Kingsford Smith) Airport T1 or Melbourne International Airport T2 each year. You will also receive two complimentary Qantas Club lounge invitations after your first card spend each anniversary year when paying for selected Qantas products and services in Australia.
  • Mobile payment technology. Enjoy a simpler way of paying in stores or within participating apps. Simply hold your iPhone, Samsung or Android device near the contactless reader to make transactions.
  • Balance transfer offer. A limited period promotional balance transfer offer gives you the ability to pay 0% p.a. interest on balance transfers for the first 12 months, allowing you to save considerably in the form of interest. A one-time 1% balance transfer fee applies.

Features of the Qantas American Express Ultimate Card

  • Annual fee. This card charges a $450 annual fee.
  • Interest rate. The Qantas American Express Ultimate Card has an interest rate of 20.74% p.a.
  • Interest-free period. If you pay the total owing on your account by the due date on each statement, you can enjoy up to 44 interest-free days on purchases.
  • Additional cards. You can get up to 4 additional cards for anyone over 18 years of age. Additional cards don't attract an extra fee and additional card members can earn Qantas Points too. However, you will be responsible for managing the account and card balance.
  • Card security. You can sign up for instant alerts without paying any additional fees, so you know of transactions made using your card in real time. The online fraud protection guarantee ensures you don't have any liability to pay for fraudulent or unauthorised transactions.

How to apply for the Qantas American Express Ultimate Card

If you've compared frequent flyer credit cards and decided on the Qantas American Express Ultimate Card, you can apply online in around 10 minutes and may get a response within 60 seconds. Before you get started, make sure you meet the eligibility criteria and have all the essential documents and details to complete the application.

Eligibility criteria

  • Minimum income. You must earn a minimum of $65,000 per year.
  • Residency. You can apply for this card if you're an Australian citizen, permanent resident or hold a current Business Long Stay Visa (subclass 457).
  • Age. You must be at least 18 years old to apply.
  • Credit history. You must not have a history of bad debt or payment defaults.
  • New cardholder. The introductory offer on this card is only available if you have not held another card issued by American Express in the past 18 months.

Required documents

  • Personal documents. This covers your full name, email address, date of birth, driver's licence number, marital status, number of dependants and contact number.
  • Frequent flyer number. You'll need to provide your Qantas Frequent Flyer number to collect points with this card. If you're not a Qantas Frequent Flyer member yet, check out our guide on how to join for free.
  • Employment details. This includes your current income, employment status, job title and your employer's contact details. You may also be asked for recent payslips, your most recent tax return or your accountant's contact details (particularly if you're self-employed).
  • Financial details. As well as your income, provide details of your savings, shares or other assets. You also need to include details of any existing debts and credit accounts, as well as estimates of your regular household expenses.
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154 Responses

  1. Default Gravatar
    BrunoApril 23, 2019

    If I apply for this card, what is the limit of spending? I want to purchase a car with it to take advantage of the points. Car will cost $70,000.

    • Avatarfinder Customer Care
      JeniApril 24, 2019Staff

      Hi Bruno,

      Thank you for getting in touch with Finder.

      The maximum amount you may spend on this card is your credit limit. This card’s maximum credit limit is only $50,000. Please note that a credit card company will have the final say on your credit limit and it will most likely be based on credit history and income.

      Please make sure though to read the eligibility criteria, features and details of the card, as well as the relevant PDS/T&Cs of the card before making a decision and consider whether the product is right for you.

      I hope this helps.

      Thank you and have a wonderful day!

      Cheers,
      Jeni

  2. Default Gravatar
    JIM1818April 19, 2019

    I am a supplementary card holder with my partner.
    She has a balance on her card which we share.
    Can i take advantage of this offer and transfer the balance of that card to my new card and let her keep her own card?

    • Avatarfinder Customer Care
      MaiApril 20, 2019Staff

      Hi Jim1818,

      Thank you for reaching out to Finder.

      Yes you may request for a balance transfer to this new card so you can have your own credit card and your partner can keep hers. Please note though that your partner’s card should be eligible to transfer balance to an American Express card. You can check Which banks can I balance transfer to? to know if your partner’s credit card provider is allowed to transfer balance to this American Express Qantas Ultimate Card.

      Hope this helps.

      Kind Regards,
      Mai

  3. Default Gravatar
    AndrewApril 17, 2019

    What would the fees be for using it to buy on international e-commerce websites?

    What sort of currency conversion rate would get

    • Avatarfinder Customer Care
      JeniApril 18, 2019Staff

      Hi Andrew,

      Thank you for getting in touch with Finder.

      Using this Qantas American Express Ultimate in purchasing on international websites would charge you foreign currency conversion fee of 3% of transaction value. Please note that the exchange rates are subject to global market fluctuations and therefore change continuously. Exchange rate varies on the date of your completed transaction and determined by American Express rate.

      I hope this helps.

      Thank you and have a wonderful day!

      Cheers,
      Jeni

  4. Default Gravatar
    chrisDecember 1, 2018

    as a supplementary card holder of a Qantas American Express Ultimate card am I able to take advantage of the bonus points offer if I sign u for my own card

    • Avatarfinder Customer Care
      JohnDecember 6, 2018Staff

      Hi Chris,

      Thank you for reaching out to finder.

      Yes, you may be able to start up your account and take advantage of the bonus points under your own account if you have never help an account before and would be considered as a new subscriber. Hope this helps!

      Cheers,
      Reggie

  5. Default Gravatar
    August 23, 2018

    Hi. I have booked a Qantas flight although due to travel in 8 days. My New Amex card was activated with the April offers, does this mean I am not able to gain lounge passes until next year?

    • Avatarfinder Customer Care
      JhezAugust 24, 2018Staff

      Hello Tracey,

      Thank you for your comment.

      Usually, Amex cardholders can take advantage of a maximum of two American Express Lounge access. If your card has been linked with the April offers, you’re best to contact your card provider and confirm the features and benefits you have with your card.

      Should you wish to have real-time answers to your questions, try our chat box on the lower right corner of our page.

      Regards,
      Jhezelyn

  6. Default Gravatar
    jerryMarch 27, 2018

    Am i able to pay off an interest free travel loan (through travel agency) only just booked, with my amex card and it be eligible for the 100,000 points?
    thanks

    • Avatarfinder Customer Care
      MayMarch 27, 2018Staff

      Hi Jerry,

      Thanks for your question.

      You’ll be able to earn the 100,000 bonus points with the Qantas American Express Ultimate Card if you will apply for this card online by 9 April 2018, are approved and spend $3,000 on eligible purchases within three months of card membership. In the T&Cs of the card, eligible purchases do not include cash advances, interest, balance transfers, fees and charges for traveller’s cheques and foreign currencies. So if your travel agency would consider your travel tickets as “purchases” then you should be able to earn points for that transaction. Please contact your travel agency and confirm how they would treat your payment for the booking.

      Cheers,
      May

  7. Default Gravatar
    paulMarch 18, 2018

    I had an ANZ American Express which doesn’t exist anymore and less than 18 months ago. Can I get a card in my wife’s name as she didn’t have one and still get a complimentary one in my name?

    • Avatarfinder Customer Care
      JeniMarch 28, 2018Staff

      Hi Paul,

      Thank you for getting in touch with finder.
      Yes, you can ask your wife to apply for this card as long as she is eligible. This card can accept up to 4 additional cardholders so you can get a complimentary card once your wife has this card.

      I hope this helps.

      Have a great day!

      Cheers,
      Jeni

  8. Default Gravatar
    BenDecember 31, 2017

    Can you please explain what this means Qantas Club lounge invitations. “Receive two yearly complimentary Qantas Club lounge invitations after your first card spend each anniversary year on selected Qantas products and services in Australia” What are ‘selected Qantas products & services’?? do I have to spend a certain amount in the QANTAS store or similar before I get the passes.
    ALSO – does my partners income go towards our application as she will be a supplementary (or additional) card holder.
    Thanks.

    • Default Gravatar
      ArnoldJanuary 2, 2018

      Hi Ben,

      Thanks for your inquiry

      Selected Qantas products and services are the following items purchased directly from Qantas: Qantas passenger flights (with a QF flight number) Qantas Frequent Flyer and Qantas Club membership joining and annual fees. Excludes Jetstar, Qantas Holidays, Qantas branded non-airfare products and any Qantas products and services not purchased directly from Qantas. The bank may only consider your income upon applying. Please check with the bank directly for confirmation.

      Hope this information helps

      Cheers,
      Arnold

  9. Default Gravatar
    ERMONDDecember 19, 2017

    Is there a maximum credit limit per months as our spends are over 50,000?

    • Avatarfinder Customer Care
      MayDecember 19, 2017Staff

      Hi Ermond,

      Thank you for your inquiry.

      For the Qantas American Express Ultimate Card, the maximum credit limit that AMEX can give or approve you is only $50,000. This credit limit will not be on a monthly basis but for the entire usage of the card. I’m afraid that it is the maximum amount you can also spend on the card.

      However, if you would like to compare other cards with more than $50,000 credit limit, you can check this page. I would suggest that you review the details of the card and its eligibility criteria before applying. You can also click on the ‘Go to site’ button if you’d like to be redirected to the card’s main website.

      Hope this helps.

      Cheers,
      May

  10. Default Gravatar
    GeorgeSeptember 22, 2017

    Hi, no mention of: ‘Enjoy a free flight or $450 travel credit (from 31 October)’? Isn’t this also a feature of this card?

    • Avatarfinder Customer Care
      RenchSeptember 24, 2017Staff

      Hi George,

      Thanks for your inquiry. Please note that we are not affiliated with American Express or any company we feature on our site and so we can only offer you general advice.

      Yes, the American Express Qantas Ultimate card includes a complimentary flight each year. Once you use your card within Australia you stand to get a complimentary domestic return economy flight ticket from Qantas every year.

      On 31 October 2017, the complimentary domestic flight will be replaced with a $450 Qantas Travel Credit. The Qantas Travel Credit can be redeemed for any eligible Qantas flight booked and paid online through American Express Travel in a single booking. The Qantas Travel Credit will be available each year of Card Membership, as long as you have paid the annual fee and your account is current and in good standing. You will have the option to redeem your complimentary domestic flight up until 30 April 2018, after which, only the Qantas Travel Credit will be available each Membership year.

      You may get more info by clicking on the ‘Go to Site’ button on this page.

      Best regards,
      Rench

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