Qantas American Express Ultimate Card

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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.

55,000

Bonus points

20.74% p.a.

Purchase rate

1.25

Reward points

Per $ spent (American Express)

$450 p.a.

Annual fee

Details

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 RatePurchase Rate (20.74% p.a.)
Balance Transfer Limit70% of available balance
Maximum Balance Transfer Amount$10,000
Purchase rate (p.a.)20.74% p.a.
Annual fee$450 p.a.
Interest Free Period44 days
Min credit limit$3,000
Max credit limit$50,000
Card TypeAmerican Express
Foreign Currency Conversion Fee (American Express)3% of transaction value
Complimentary Travel InsuranceYes
Minimum Income$65,000
Minimum Age18 years of age
Available to Temporary ResidentsYes - Conditions apply
Joint ApplicationNo

Pros

  • 55,000 bonus Qantas Points when you spend $3,000 within the first 3 months
  • Up to 2.25 Qantas Points per $1 spent on eligible purchases in Australia, uncapped
  • $450 Qantas Travel Credit each year
  • 2 complimentary Qantas Club lounge invitations each year

Cons

  • High annual fee of $450
  • Offers up to 44 days interest-free on purchases, as compared to other cards that offer 55 days
  • Charges a 1% balance transfer fee
Rewards ProgramQantas Frequent Flyer
Bonus Points55,000 bonus points
Rewards Points per $ spent (AMEX)1.25
Rewards Points per $ Cap (American Express)Uncapped
Annual fee$450 p.a.
Minimum Monthly Repayment2.5% of the closing balance or $30, whichever is greater
Late Payment Fee$30
Foreign Currency Conversion Fee (American Express)3% of transaction value
Additional Cardholder Fee$0
Number of Additional Cardholders4

Expert review

Amy Bradney-George

Review by


Amy is an editor and writer at finder.com.au with more than 10 years experience covering credit cards, personal finance and various lifestyle topics. When she’s not sharing her knowledge on money matters, Amy spends her time as an actress.

Expert review

The Qantas American Express Ultimate Card is a premium frequent flyer credit card with a $450 annual fee that’s completely offset by the yearly travel credit. This card offers one of the highest uncapped earn rates on any Qantas Frequent Flyer card, giving you 1.25 points per $1 spent on most eligible purchases and 0.5 points per $1 on government charges.

How to apply

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 must be an Australian citizen, permanent resident or hold a current long term visa (12 months or more). Student visas are not eligible.

Card benefits

  • 55,000 bonus Qantas Points. When you spend $3,000 on eligible purchases in the first 3 months, you'll score 55,000 bonus Qantas Points. This introductory offer gives you enough points for a return economy reward flight from Brisbane to Hongkong (50,400 points) or one-way business class flight from Sydney to Darwin (41,500 points).
  • $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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162 Comments

  1. 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?

    • AvatarStaff
      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

  2. 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?

    • AvatarStaff
      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

  3. 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.

    • AvatarStaff
      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

  4. Default Gravatar
    jenny
    August 30, 2019

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

    • AvatarStaff
      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

  5. Default Gravatar
    Bruno
    April 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.

    • AvatarStaff
      Jeni
      April 24, 2019

      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

  6. Default Gravatar
    JIM1818
    April 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?

    • AvatarStaff
      Mai
      April 20, 2019

      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

  7. Default Gravatar
    Andrew
    April 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

    • AvatarStaff
      Jeni
      April 18, 2019

      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

  8. Default Gravatar
    chris
    December 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

    • AvatarStaff
      John
      December 6, 2018

      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

  9. Default Gravatar
    Tracey
    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?

    • AvatarStaff
      Jhez
      August 24, 2018

      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

  10. Default Gravatar
    jerry
    March 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

    • AvatarStaff
      May
      March 27, 2018

      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

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