American Express Qantas Ultimate Card – Rates and Fees

Take advantage of this card's 55,000 bonus Qantas Points, a long-term balance transfer offer and up to 2.5 points per $1 spent when you apply for the Qantas American Express Ultimate Card.

The Qantas American Express Ultimate Card gives you the ability to earn 55,000 bonus Qantas Points if you apply online, are approved and spend $1,500 on eligible purchases using your new 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 per dollar spent. Cardholders can also look forward to different travel benefits along with domestic and international travel insurance covers.

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.
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 BankingNo
Internet Banking TransfersYes
In BranchNo
MailNo

Pros

  • Receive 55,000 bonus Qantas Points when you apply, are approved and spend $1,500 within 3 months of card membership.
  • Earn up to 1.5 Qantas Points per $1 spent on eligible purchases.
  • 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-up55,000
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 with the highest earn rate in Australia, 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 55,000 bonus Qantas Points when you apply online, 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.
  • Points per $1 spent. Qantas Points you earn using this card transfer to your Qantas Frequent Flyer program account. You earn 1.5 Qantas Points per $1 spent on most everyday purchases, and 0.5 Qantas Points per dollar spent with government bodies.
  • Additional points for spending on selected Qantas products and services. You can earn 1 additional Qantas Point per $1 spent when you use your card to pay for Qantas passenger flights (with a QF flight number) that are purchased directly from Qantas, and for Qantas Frequent Flyer and Qantas Club membership joining and annual fees. This is subject to the Qantas American Express Cards Points Terms and Conditions and excludes spending on Jetstar, Qantas Holidays and Qantas branded non-airfare products.
  • 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 T1 each year.
  • 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.
  • 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.

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

You will get 55,000 Qantas Points when you spend at least $1,500 on eligible purchases within the first three months from card approval.

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.

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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114 Responses

  1. Default Gravatar
    SueJune 13, 2017

    Are the points capped per billing cycle or is the 1.5 points per eligible spend dollar uncapped across primary and supplementary card holder?
    Can you apply for this card as a self-funded retiree?
    What are the conditions for the two free domestic flights?
    Are the AMEX Lounge access tickets two per calendar year or per card anniversary year?

    • Staff
      JonathanJune 13, 2017Staff

      Hi Sue!

      Thanks for the comment.

      I understand you want to know the Qantas Program in more detail. Let’s answer your questions right here.

      1. The pointing system is across both primary and supplementary card holders. No capping.
      2. The income requirement mentioned is personal or household gross (pre-tax) annual income of $65,000 or more. No indication that this is for full-time workers only.
      3. The Qantas domestic return flight in Economy class between selected Australian capital cities is available for booking for Ultimate Card Members.
      4. It is per calendar year (January 1 – December 31)

      You can contact them directly for further information.

      Hope this helps.

      Cheers,
      Jonathan

  2. Default Gravatar
    JodieJune 6, 2017

    Do we need to notify anyone that we are travelling or is the travel insurance automatic?

    • Staff
      ArnoldJune 6, 2017Staff

      Hi Jodie,

      Thanks for your inquiry.

      Your ticket and receipts will be your proof. Booking travel tickets through this card give 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.

      Hope this information helped.

      Cheers,
      Arnold

  3. Default Gravatar
    TraceyJune 6, 2017

    Hi I am looking for a business credit card that has Qantas reward points and is uncapped. Preferably not AMEX but would appreciate options please.

    Thanks

    • Staff
      DanielleJune 6, 2017Staff

      Hi Tracey

      Thank you for reaching out to us here at finder.com.au. We are a comparison website and general information service, we’re more than happy to offer general advice.

      You may refer to this page to see a list of business cards that are most suited for your needs. Once you have selected one, you may proceed by clicking the green “Go to Site” button for more information.

      I hope this helps.

      Cheers,
      Danielle

  4. Default Gravatar
    ClarissaMay 18, 2017

    Hi,

    I have a St George Amplify Platnium Card in joint names. If I choose to Balance Transfer to this card would it also be in joint names?

    Thanks,
    Clarissa

    • Staff
      MayMay 18, 2017Staff

      Hi Clarissa,

      Thank you for your inquiry.

      I’m afraid AMEX cards does not allow balance transfer between two people’s names and from joint primary cardholders. You can read the guide from our page here on which banks would allow you to transfer a balance from joint account holders.

      Hope this helps.

      Cheers,
      May

  5. Default Gravatar
    DeanMay 14, 2017

    Does the free domestic flight apply to a supplementary card holder as well or does the primary card holder receive the free flight only?

    1 or 2 flights for two card holders.

    • Staff
      LiezlMay 15, 2017Staff

      Hi Dean,

      Thanks for your question.

      The complimentary domestic return flight is a benefit of the primary cardholder each full year of membership. Supplementary Card Members are not eligible for this benefit. The flight, however, can be booked in the name of another individual, but not in the name of an unaccompanied minor.

      Cheers,
      Liezl

  6. Default Gravatar
    BarbMay 1, 2017

    I have only just started looking for a card. This one looks like it could work, although I have not had time to look at the alternatives yet…If I apply tonight but find another card tomorrow will I be charged a fee?

    • Staff
      AnndyMay 2, 2017Staff

      Hi Barb,

      Thanks for your question.

      You’ll not automatically incur a fee when you apply for this card. However, if you will apply for this card, once you are approved, you’ll incur an annual fee of $450 p.a. which will be charged on your first billing date after approval. Also, when you apply for multiple credit cards in a short period of time, it can negatively affect your credit score. You can refer to our guide here for more information.

      If it is your first time to apply for a credit card, we have a beginners guide on this page that can help you choose the right card for your needs.

      Cheers,
      Anndy

  7. Default Gravatar
    claytonApril 30, 2017

    Do i need to purchase car insurance with this card or is there basic cover included?

    • Staff
      HaroldMay 1, 2017Staff

      Hi Clayton,

      Thank you for your inquiry.

      Basically, complimentary insurance covers by booking travel tickets through this card. It 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. If you need an additional insurance for your car it would be nice to coordinate directly with the provider to discuss the options available for you.

      I hope this information has helped.

      Cheers,
      Harold

  8. Default Gravatar
    ambaApril 15, 2017

    Is there any fee occurred when i buy products online, but the online store headquarter is at foreign country. i was charged some fee when i bought lego at Lego Australian website, but the headquarter is at USA some fee occurred. How about this AMEX ultimate card?

    • Staff
      HaroldMay 4, 2017Staff

      Hi Amba,

      Thank you for your inquiry.

      Typically, you will have up to 44 days interest free on purchases provided you pay the full closing balance of your monthly statement by the due date each month. There is no interest free period on balance transfers or if you carry forward a balance from the previous statement period. The total of interest free days will depend on when you make the purchase and when your statement is issued. It would be nice if you can directly coordinate with the provider to verify if online purchases is covered in “44 days interest free on purchases”.

      I hope this information has helped.

      Cheers,
      Harold

  9. Default Gravatar
    mikeApril 5, 2017

    Hi
    With the Qantas comp flight- is it to anywhere in Australia – or just the major cities?
    Thanks

    • Staff
      HaroldApril 5, 2017Staff

      Hi Mike,

      Thank you for your inquiry.

      Typically, once you use your card within Australia you stand to get a complimentary domestic return economy flight ticket from Qantas every year. For further information you may want to visit this page.

      I hope this information has helped.

      Cheers,
      Harold

  10. Default Gravatar
    JuneMarch 30, 2017

    The following statement was made on the internet site for the Qantas AMEX Ultimate credit card;
    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.

    I have dual AMEX & Visa with ANZ and the AMEX is about to be taken off the market by the bank. As I read this, I am free to apply for this credit card and receive bonus points. Please confirm.

    • Staff
      JasonMarch 31, 2017Staff

      Hi June,

      Thank you for your enquiry.

      You’ll be eligible for the offered bonus points as long as you don’t currently hold or who have previously held any card product issued directly by American Express Australia Limited in the preceding 18 month period. Since your AMEX credit card was issues by ANZ and not by AMEX, you should be eligible for the bonus Qantas points.

      Please note that you need to apply online by 1 May 2017, are approved and spend $1,500 on eligible purchases within the first three months of opening the card account to be able to receive the bonus Qantas points.

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

      You may click the green ‘Go to site‘ button above to apply online for the American Express Qantas Ultimate card.

      Kind regards,
      Jason

Credit Cards Comparison

Rates last updated July 21st, 2017
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Receive up to 55 days interest-free on purchases and the ability to make contactless payments with Visa payWave technology.
13.24% p.a. 0% p.a. for 14 months $0 p.a. annual fee for the first year ($55 p.a. thereafter) Go to site More info
Virgin Australia Velocity Flyer Card - Exclusive Offer
Apply by 31 July 2017 to earn bonus Velocity Points for the first three months and a $129 Virgin Australia Gift Voucher each year.
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ANZ Platinum Credit Card - Exclusive Offer
Receive a low introductory offer of 0% p.a. on purchases for 3 months and 0% p.a. on balance transfers for 12 months.
0% p.a. for 3 months (reverts to 19.74% p.a.) 0% p.a. for 12 months $0 p.a. annual fee for the first year ($87 p.a. thereafter) 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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