American Express Qantas Ultimate Card – Rates and Fees

Information verified correct on March 30th, 2017
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Take advantage of 75,000 bonus Qantas Points, up to 2.5 points per $1 spent and a bonus 75 Status Credits when you apply for the Qantas American Express Ultimate Card.

The Qantas American Express Ultimate Card gives you the ability to earn 75,000 bonus Qantas Points if you apply by 1 May 2017, are approved and spend $1,500 on eligible purchases on your card within the first three months of card membership. When you use this card to make purchases, you stand to earn up to 2.5 Qantas Points for every dollar spent. Cardholders can also look forward to different travel benefits along with domestic and international travel insurance covers.

This card comes with a balance transfer offer where transferred balances attract 0% p.a. interest for the first 12 months, with a one-off 1% establishment fee. Bear in mind, though, that you have to pay an ongoing annual fee of $450.

Product NameQantas American Express Ultimate 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.
Offer end date1 May 2017
Annual fee$450 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.
$3,000
Max credit limit
This credit limit may not be issued to you immediately on application. This is the maximum credit limit for this card which must be applied for or offered to you after you are approved and have already opened the account.
$50,000
Minimum Monthly Repayment2.5% or $30
Minimum Income$65,000
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$65,000
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.
$3,000
Max Credit Limit
This credit limit may not be issued to you immediately on application. This is the maximum credit limit for this card which must be applied for or offered to you after you are approved and have already opened the account.
$50,000
Annual Fee$450 p.a.
Minimum Repayment2.5% or $30
Late Payment Fee$30
Cash Advance Fee$2.50 or 2% of the cash advance amount (whichever is greater)
Overseas Emergency Replacement$0
Overseas ATM Balance check$0
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.
BPAYYes
ChequeYes
Direct DebitYes
Australia PostYes
Phone BankingYes
Internet Banking TransfersYes
In BranchYes
MailYes

Pros

  • Receive 75,000 bonus Qantas Points when you apply by 1 May 2017, are approved and spend 29 March 2017 within 3 months of card membership.
  • Earn 75 Bonus Status Credits when you book and fly with Qantas by 30 September 2017.
  • Earn up to 1.5 Qantas Points per $1 spent on eligible purchases.
  • This card comes with a complimentary domestic return flight every year.
  • Take advantage of the 0% p.a. introductory balance transfer rate for the first 12 months.

Cons

  • You must have a good credit rating without defaults.
  • Income before tax must be $65,000 p.a. or over.
Rewards ProgramQantas Frequent Flyer
Bonus Points on Sign-up75,000
Rewards Points per $ (AMEX)1.5
Rewards Points per $ (VISA/MC) CapN/A
Rewards Points per $ (AMEX) CapUncapped
Points ExpiryNever

Qantas American Express Ultimate Card review

The Qantas American Express Ultimate Card is a frequent flyer card that links to your Qantas Frequent Flyer program account, so you get a host of options when it comes to redeeming your accumulated points. This card gives you the ability to earn Qantas Points faster owing to its high earn rate, where you can earn up to 2.5 Qantas Points per dollar spent on eligible purchases.

Booking travel tickets using this card brings with it an array of complimentary travel insurance covers, and purchases made using this card receive protection through complimentary covers. This card can also work well for people who’re considering transferring balances from existing cards to save on interest.

Benefits of using the Qantas American Express Ultimate Card

If you get the Qantas American Express Ultimate Card, you can look forward to various benefits, which include the following:

  • Bonus Qantas Points offer. Receive 75,000 bonus Qantas Points when you apply by 1 May 2017, are approved and spend $1,500 on eligible purchases within the first three months of opening the card account. This offer is only available to new card members and bank-issued American Express companion cardholders.
  • Rewards program. Qantas Points you earn using this card transfer to your Qantas Frequent Flyer program account. You earn 1 Qantas Point for every dollar spent when paying for certain Qantas products and services. Every dollar spent on most everyday purchases earns 1.5 Qantas Points, and you even earn 0.5 Qantas Point per dollar spent towards the government.
  • Bonus Status Credits. If you apply for the American Express Qantas Ultimate Card by 1 May 2017, you'll receive 75 Status Credits. You just need to use the card to book any return Qantas flight and complete your travel by 30 September 2017 to qualify for the credits. Unlike points, Status Credits can be used to advance the Qantas status tiers and take advantage of benefits such as higher earn rates and airline lounge access.
  • 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-off 1% establishment fee applies.
  • Complimentary insurance covers. Booking travel tickets through this card gives you access to complimentary medical emergency expense cover, travel cancellation cover, transport accident cover, travel inconvenience insurance, and baggage, money and documentation cover. Purchases you make using this card receive protection through refund protection and purchase protection.
  • 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.
  • Airport lounge passes. Cardholders can also take advantage of two entries to the American Express Lounge at Sydney International (Kingsford Smith) Airport each year.
  • Apple Pay. Enjoy a simpler way of paying in stores or within participating apps. Simply hold your iPhone near the contactless reader and place your finger on Touch ID to verify checkouts. Learn more here.
  • Samsung Pay. Sign in to Samsung Pay to enjoy the convenience of making contactless payments using your qualified Samsung device. Learn more here.
  • Android Pay. Add your Qantas American Express Ultimate Card to Android Pay so you can enjoy fast and easy payments by simply tapping your android device on an eligible merchant's contactless terminal when making purchases. Learn more here.

Features of the Qantas American Express Ultimate Card

If you’re considering applying for the Qantas American Express Ultimate Card take a look at just what to expect:

  • Annual fee. This card attracts an ongoing annual fee of $450, which you have to keep paying for as long as your account remains active.
  • Interest-free period. If you pay the account’s closing balance completely every month you can make use of up to 44 interest-free days on purchases.
  • Supplementary card. You can get a supplementary card for anyone over 18 years of age, and supplementary cards earn Qantas Points too. Supplementary cards don’t attract any extra annual account keeping fees.
  • 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

You can apply for the Qantas American Express Ultimate Card online by completing the secure online application, where you will need to fill out your details and wait for the approval for your card. Before you start applying, bear in mind you have to meet the following eligibility criteria.

Eligibility criteria

  • You are over 18 years of age.
  • You are an Australian citizen, a permanent Australian resident, or hold a valid Business Long Stay Visa (Subclass 457).
  • You earn at least $65,000 p.a. as pre-tax income.
  • Only new American Express cardholders can take advantage of the bonus points or balance transfer offer. So, if you held an American Express card in the last 18 months, you won't be able to apply for either. This doesn't apply to dual American Express and Visa or Mastercard credit cards issued by another bank.

Required documents

  • Personal details like your date of birth, marital status, and number of dependents
  • Contact details like your residential address, email address, and phone number
  • Employment details like your employer’s name, phone number, and address
  • Details surrounding your income and expenses
  • Details of existing assets and liabilities

If you’re looking for a frequent flyer card linked to the Qantas Frequent Flyer program that enables you to earn points faster, you can consider applying for the Qantas American Express Ultimate Card. Complimentary insurance covers and travel benefits make this card all the more attractive, as does the fact that you can save some money by using its balance transfer offer.

These features, you should remember, come at a price, given that you would have to keep paying a considerable annual fee. Since there are other cards that offer similar features, it is ideal that you take some time to compare a few before arriving at a decision.

Frequently asked questions

Would I get all the bonus points in one go?

No. You will get 75,000 Qantas Points when you spend at least $1,500 on eligible purchases within the first three months from card approval. You'll also receive 2,500 Qantas Points after you spend on certain Qantas products and services for the first time.

What can I redeem my Qantas Points for?

You can get flight tickets and flight upgrades through Qantas and its flight partners, and you can also choose from a range of travel and shopping rewards.

Does American Express offer emergency card replacement?

Yes, and you can look forward to a replacement card within 48 hours, no matter where in the world you are.

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94 Responses to American Express Qantas Ultimate Card – Rates and Fees

  1. Default Gravatar
    | January 23, 2017

    Im interested in applying for this card but was wondering when does American Express deduct the first card membership payment of $450
    Cheers
    Colin

    • Staff
      Anndy | January 23, 2017

      Hi Colin,

      Thanks for your question.

      The annual fee is normally charged on your first billing statement after card approval.

      If you’d like to compare credit cards with no annual fee, please check this page.

      Cheers,
      Anndy

  2. Default Gravatar
    Ben | January 23, 2017

    Hi,

    I’ve currently got a NAB issued joint MasterCard / AMEX , would this restrict me from being eligible for the bonus points form this offer as a current AMEX holder albeit indirectly

    Cheers

    • Staff
      May | January 23, 2017

      Hi Ben,

      Thanks for your question.

      Since your AMEX card was issued by NAB, you can still apply for and receive the bonus points offered by the American Express Qantas Ultimate Card, provided, you also meet the eligibility criteria and requirements of the card as well as the spending criteria of $1,500 on eligible purchases.

      Cheers,
      May

  3. Default Gravatar
    Aaron | January 19, 2017

    Am I a new card holder if I got an Amex with my MasterCard from my bank

    • Staff
      Anndy | January 19, 2017

      Hi Aron,

      Thanks for your question.

      You’ll be considered a new card holder if you have not “currently hold or who have previously held any other Consumer Credit Card product issued by American Express Australia Limited in the preceding 18 month period.”

      I hope this helps.

      Cheers,
      Anndy

  4. Default Gravatar
    Jake | January 9, 2017

    Is the annual fee of $450 applied from initial sign up or in the first 12 Months?

    • Staff
      Anndy | January 9, 2017

      Hi Jake,

      Thanks for your question.

      The annual fee is generally charged upon account activation and is payable on your first statement date or first credit card bill. The annual fee will cover the next 12-month period from your card’s anniversary date.

      Cheers,
      Anndy

  5. Default Gravatar
    Julieanne | January 6, 2017

    Hi, can you tell me when the 100,000 QFF points get applied (is it similar to other offers where they are staggered) and whether there is a minimum period you must hold the card for or any cancellation charges?
    Thanks in advance

    • Staff
      Anndy | January 6, 2017

      Hi Julieanne,

      Thanks for your question.

      The bonus points for the American Express Qantas Ultimate Credit Card will be awarded as follows:

      5,000 Qantas Points – after your first card spend within 3 months from the card approval date
      95,000 Qantas Points – after spending $1,500 on purchases with your new Card within 3 months of the card approval date
      2,500 Qantas Points – after your first card spend within 3 months of the card approval date, on selected Qantas products and services in Australia

      You should allow 8 to 10 weeks after meeting the spend criteria for the points to be credited to your Qantas account.

      You can cancel your card at anytime without paying any charges, but if you cancel it prior to receiving the points, you may not be able to have the points credited to your account.

      To cancel a card, please refer to our card cancellation guide.

      Cheers,
      Anndy

  6. Default Gravatar
    | September 21, 2016

    Does the complementary travel Insurance with my card cover Loss Waver Insurance or Crash Waver Insurance when a rent a car overseas

    • Staff
      Ally | September 23, 2016

      Hi Terry,

      Thanks for your inquiry.

      Unfortunately, the complementary travel insurance for American Express Qantas Ultimate Credit Card does not cover Loss or Crash Waver Insurance for car rental overseas.

      It only includes Transport Accident Cover, Travel Inconvenience Cover, Medical Emergency Expenses Cove, Resumption of Journey Cover, Baggage, Money and Documents Cover, Travel Cancellation Cover, Personal Liability Cover, Purchase Protection Cover, and Refund Protection Cover.

      For more details, kindly see the “Summary of Benefits and Scope of Cover” on the PDF file that I sent to your email.

      I hope this has helped.

      Cheers,
      Ally

  7. Default Gravatar
    Adrian | July 29, 2016

    Can you help with finding the dollar amount that is capped per month. Some cards only pay points up to 2000, 6,000 etc. Do the cards with the higher PA fees give you more in the monthly cap allowance before cutting of points.
    Best regards
    Adrian

    • Default Gravatar
      | January 3, 2017

      Are the Qantas f/f points earned on this card capped each 12 months or uncapped?

    • Staff
      May | January 3, 2017

      Hi Morrice,

      Thank you for your inquiry.

      The Qantas points you earned using your American Express Qantas Ultimate Credit Card are uncapped. Some other credit cards with uncapped frequent flyer points can also be found on this page.

      Cheers,
      May

    • Staff
      May | August 2, 2016

      Hi Adrian,

      Thanks for your inquiry.

      Sorry for the delayed reply. Just to confirm, is it uncapped frequent flyer points you’re looking for? If so, there are actually credit cards that let you earn uncapped frequent flyer points and you can find them here. The uncapped points is not affected by the annual fee of the card.

      Cheers,
      May

  8. Default Gravatar
    Chris | September 28, 2015

    What number do I call to book the free flight?

    • Staff
      Jonathan | September 29, 2015

      Hi Chris, thanks for your inquiry!

      To redeem the complimentary flight please call 1800 059 388 (in Australia) or +61 2 92714011(overseas, push option 2 and an authorised representative will book the flight for you over the phone. The complimentary flight office is open from 9am till 6pm Monday to Friday AEST. For more information on this offer and eligible destinations please refer to this page.

      Cheers,

      Jonathan

  9. Default Gravatar
    Phil | August 21, 2015

    I would like to know if this card, or which other card, has highest or unlimited monthly points and allows ATO payments?

  10. Default Gravatar
    rebecca | March 29, 2015

    We had an amex card with David Jones which we cancelled in november 2014. Does this make us ineligible for the qff bonus of 50000 points?

    • Default Gravatar
      Jenny | July 9, 2016

      I have an Anz American Express platinum card, do I qualify
      For a free domestic flight?

    • Staff
      Anndy | July 12, 2016

      Hi Jenny,

      Thank for your question.

      If you are holding an American Express Qantas Ultimate Credit Card, you are entitled to one economy class domestic return flight ticket from Qantas every year of membership.

      I’ve sent you an email with a link to the Domestic Return Flight Conditions for this card so you’ll be able to check the eligibility criteria to qualify for the free domestic flight offer.

      Cheers,
      Anndy

    • Staff
      Jonathan | March 30, 2015

      Hi Rebecca, thanks for your inquiry!

      Unfortunately card members who have previously held an AMEX card within the last 12 months are ineligible for this offer.

      Cheers,

      Jonathan

Credit Cards Comparison

Rates last updated March 30th, 2017
Purchase rate (p.a.) Balance transfer rate (p.a.) Annual fee
Virgin Australia Velocity Flyer Card - Balance Transfer Offer
Earn 2 Velocity Points per $1 spent and save with a reduced annual fee and a 0% p.a. balance transfer offer for 18 months.
20.74% p.a. 0% p.a. for 18 months $64 p.a. annual fee for the first year ($129 p.a. thereafter) Go to site More info
HSBC Platinum Qantas Credit Card
Receive 60,000 bonus Qantas Points on eligible spend within 3 months. Enjoy access to premium benefits and complimentary insurance.
19.99% p.a. $199 p.a. Go to site More info
NAB Low Rate Credit Card
The NAB Low Rate Card offers 0% p.a. on balance transfers for the first 18 months combined with a low annual fee.
13.99% p.a. 0% p.a. for 18 months with 3% balance transfer fee $59 p.a. Go to site More info

* 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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