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Qantas American Express Ultimate Card

This is an impressive frequent flyer credit card that offers up to 100,000 bonus Qantas Points, a yearly $450 Qantas travel credit and up to 4 complimentary lounge invitations.

The Qantas American Express Ultimate earns up to 1.25 Qantas Points per $1 spent on everyday purchases with no points cap – and 1 additional point per $1 for spending with Qantas. If you’re new to Amex, you can boost your Qantas Frequent Flyer balance with 75,000 bonus Qantas Points when you apply for this card online by 23 August 2022 and spend at least $3,000 on eligible purchases within the first 3 months. You'll earn another 25,000 points when you keep the card open for a second year.

2.0 ★★★★★ (1 review) Write a review

100,000

Bonus points

20.74% p.a.

Purchase rate

1.25

Reward points

Per $ spent

$450 p.a.

Annual fee

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Details

Product NameQantas American Express Ultimate Card
Rewards programQantas Frequent Flyer
Purchase rate p.a.20.74%
Annual fee$450
Interest-free periodUp to 44 days on purchases
Min credit limit$3,000
Max credit limit$50,000
Card typeAmerican Express
Foreign currency conversion fee3%
Minimum income$65,000
Available to temporary residentsYes - Conditions apply
Joint applicationNo

Pros

  • Up to 100,000 bonus Qantas Points
  • Up to 2.25 Qantas Points per $1 spent on eligible purchases in Australia, uncapped
  • $450 Qantas Travel Credit each year, plus complimentary travel insurance cover
  • 2 complimentary Qantas Club lounge invitations each year
  • Complimentary Qantas Wine Premium membership

Cons

  • High annual fee of $450
  • You have to keep the card at least 12 months and pay the second-year annual fee to collect the full 100,000 bonus Qantas Points on offer
  • High 20.74% p.a. interest rate for purchases
  • Only offers up to 44 days interest-free on purchases, compared to other cards that offer 55 days
Rewards programQantas Frequent Flyer
Bonus points100,000
Rewards points per $ spent1.25
Rewards points capUncapped
Annual fee$450
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 has been writing about personal finance for more than 13 years – including over 600 articles as a senior writer for Finder. She is also the editorial lead for Finder Green, covering sustainability across different industries. Her work has appeared in publications including Money Magazine, The Sydney Morning Herald, Financy, ABC News Australia and Equity Magazine. Amy also has a Bachelor of Arts in Journalism and Drama from Griffith University.

Expert review

The Qantas American Express Ultimate Card currently boasts up to 100,000 bonus Qantas Points offer. To give you an idea of your points potential, you'd have more than enough points to book a return business flight from Sydney to Auckland, Melbourne to Hamilton Island or Perth to Jakarta (it’s 83,000 points to redeem any of these flights).

How to apply

If you've compared your options 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.
  • New cardholder. The introductory bonus points offer on this card is only available if you have not held another card issued by American Express in the past 18 months.

Card benefits

  • Bonus Qantas Points. You'll get 75,000 bonus Qantas Points when you apply online as a new Amex card member by 23 August 2022 and spend $3,000 or more on eligible purchases within the first 3 months. You'll earn another 25,000 bonus points after you pay the annual fee for the second year, making your bonus points a total of 100,000. Note that eligible purchases include most everyday spending but do not include cash advances, interest, fees and charges or traveller's cheques and foreign currencies.
  • $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 booked through American Express Travel. You can redeem the travel credit in the first year you have the card, providing you have paid your first statement for the account. In subsequent years, you can redeem it after the anniversary date of opening the account, as long as you have paid the annual fee for that year and your account is not overdue. When making a booking, you need to log in to your account and select "Use Travel Credit" on the checkout page.

Rates & fees

  • Annual fee. This card charges a $450 annual fee.
  • Interest rate. The Qantas American Express Ultimate Card charges an interest rate of 20.74% p.a. on purchases.

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164 Comments

  1. Default Gravatar
    Graeme
    January 20, 2020

    Does being a secondary cardholder count as being a cardholder in the past 18 months?

    • Default Gravatar
      Nikki
      January 21, 2020

      Hi Graeme,

      Thanks for your comment and I hope you are doing well.

      As a secondary cardholder, all charges, rewards, and other activities of a secondary cardholder goes to record for the primary cardholder. This means, if you are looking to apply for a credit card, your usage as a secondary cardholder will not be visible and will not show when you apply for a credit card of your own.

      Hope this helps and feel free to reach out to us again for further assistance.

      Best,
      Nikki

  2. Default Gravatar
    Hayley
    November 11, 2019

    If I’m a secondary cardholder on someone else’s AMEX account, will this disqualify me from the introductory points offer?

    • Avatarfinder Customer Care
      Joshua
      November 11, 2019

      Hi Hayley,

      Thanks for getting in touch with Finder. I hope all is well with you. 😃

      That’s an interesting question.

      The answer is no, it won’t disqualify you.

      Authorized users are eligible to earn a new card sign-up bonus on the same card if they decide to apply in the future. Only primary cardholders are restricted from earning the sign-up bonus on a specific AMEX card once per lifetime.

      I hope this helps. Should you have further questions, please don’t hesitate to reach us out again.

      Have a wonderful day!

      Cheers,
      Joshua

  3. Default Gravatar
    Alex
    October 1, 2019

    Is there a minimum time you have to hold the card to receive the Qantas points and $450 travel credits?

    • Default Gravatar
      Ash
      October 2, 2019

      Hi Alex,

      Thanks for contacting Finder.

      Yes, you need to have the Qantas American Express Ultimate Card for at least a year as the $450 travel credits can be used starting from your anniversary date until the rest of the current year.

      I hope this helps.

      Kind regards,
      Ash

  4. Default Gravatar
    John
    September 22, 2019

    For the Amex Qantas credit card, when can I start using the $450 travel credit? Is it only after having the credit card for 1 year, or can it be used within the first year of having the card?
    Thanks.

    • Default Gravatar
      Ash
      September 22, 2019

      Hi John,

      Thanks for contacting Finder.

      You can redeem the $450 travel credit after you have paid your first statement in the first year you have the card. You can redeem it within 365 days of opening the card. In subsequent years, you can redeem the travel credit after the anniversary date on which you opened your Qantas American Express Ultimate Card account. Please note that you must pay the account’s annual fee for each year before you can redeem the travel credit.

      I hope this has clarify it.

      Please do not hesitate to reach out again if you have additional questions.

      Cheers,
      Ash

  5. Default Gravatar
    Jenny
    August 30, 2019

    Can I use the card on any purchases such as groceries/clothing etc like a normal credit card?

    • Default Gravatar
      Ash
      August 31, 2019

      Hi Jenny,

      Thank you for contacting Finder.

      Yes, you can use the Qantas American Express Ultimate Card to make purchases as long as the merchant/ store accepts American Express card/s. This is a Credit Card so you will be having an approved Credit Limit which you can use for your spendings.

      I hope this helps.

      Please do not hesitate to send us another correspondence if you have additional questions.

      Cheers,
      Ash

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