In this guide

  • Our verdict
  • Details
    • Product details
    • Eligibility
    • Rewards
    • Fees
  • How to apply
  • Card benefits
  • Rates & fees
  • Your reviews
  • Ask an expert
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Qantas American Express Ultimate Card
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Terms and conditions apply
Bonus points
60,000
Purchase rate
23.99% p.a.
Reward points per $ spent
1.25
Annual fee
$450 p.a.

Our verdict

This is an impressive frequent flyer credit card that offers 60,000 bonus Qantas Points, a yearly $450 Qantas travel credit and 4 complimentary lounge invitations.

The Qantas American Express Ultimate Card is packed with frequent flyer perks and currently offers 60,000 bonus Qantas Points when you apply online and spend at least $3,000 on eligible purchases in the first 3 months. While it's not the biggest bonus point offer on the market, it would be enough to redeem a return business class flight from Brisbane to Adelaide (55,200 Qantas Points plus fees and taxes) or a one-way business class flight from Sydney to Christchurch (41,500 points plus fees and taxes).

Pros

  • 60,000 bonus Qantas Points
  • Up to 2.25 Qantas Points per $1 spent on eligible purchases in Australia, uncapped
  • $450 Qantas Travel Credit each year
  • 2 complimentary Qantas Club lounge invitations each year
  • Complimentary travel insurance

Cons

  • High $450 annual fee
  • High 23.99% p.a. interest rate for purchases
  • 3% foreign currency conversion fee
  • Only offers up to 44 days interest-free on purchases, compared to other cards that offer 55 days

In this guide

  • Our verdict
  • Details
    • Product details
    • Eligibility
    • Rewards
    • Fees
  • How to apply
  • Card benefits
  • Rates & fees
  • Your reviews
  • Ask an expert

The Qantas American Express Ultimate earns a high rate of Qantas Points per $1 on eligible spending and adds value for new card members with a bonus points offer. To get the most out of a card like this, you also need to make use of the other travel perks it offers. For example, the annual $450 Qantas Travel Credit could justify paying the relatively high $450 annual fee. Its other perks include 2 complimentary Qantas Club lounge invitations and 2 Centurion lounge invitations every year, complimentary travel insurance and access to complimentary Qantas Wine Premium membership.

Details

Product details

Product Name Qantas American Express Ultimate Card
Purchase rate p.a. 23.99%
Interest-free period Up to 44 days on purchases
Min credit limit $3,000
Card type American Express

Eligibility

Available to temporary residents Yes - Conditions apply
Minimum income $65,000
Joint application No

Rewards

Rewards program Qantas Frequent Flyer
Bonus points 60,000
Rewards points per $ spent 1.25
Rewards points cap Uncapped

Fees

Annual fee $450
Minimum monthly repayment 2.5% of the closing balance or $30, whichever is greater
Late payment fee $30
Foreign currency conversion fee 3%
Additional cardholder fee $0
Number of additional cardholders 4

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

  • 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.
  • 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

  • 60,000 bonus Qantas Points. You'll get 60,000 bonus Qantas Points when you apply online as a new Amex card member and spend $3,000 or more on eligible purchases within the first 3 months. 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. You can use this travel credit for eligible Qantas flights (with a QF number) booked through American Express Travel, including international and domestic flights for you or someone else. You can redeem the travel credit once you have paid the annual fee for that year and paid at least the minimum amount listed by the statement due date. When making a booking, you need to log in to your Amex account, select the "Travel Credit" option on the booking page and pay using your Amex card. The travel credit's then added to your account within 3 business days (but may take up to 30 days). As the booking must be made through American Express Travel, note that ticket prices may differ from those listed on the Qantas website or other booking services.

Rates & fees

  • Annual fee. This card charges a $450 annual fee.
  • Interest rate. The Qantas American Express Ultimate Card has an interest rate of 23.99% p.a. for purchases.

Your reviews

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Amy Finder

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Tim

November 04, 2023

can the yearly $450 credit be used for the airfare for relatives, such as children? Thank you!


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Amy Bradney-George Finder

November 06, 2023

Hi Tim,

Yes, according to the American Express Australia website, you can use the Qantas Travel Credit on bookings for other people “provided the tickets are not for resale, promotional, or commercial use. You do not have to travel with them.” Keep in mind that the booking must be made through American Express Travel, so the prices may be different to those on the Qantas website or other booking services. Bookings for children will also need to be in keeping with Qantas travel terms and conditions. I hope this helps.


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authenticsaniga

September 03, 2023

Do paying off taxes to ATO count towards my 3000$ or more in the first 3 months to get my 75000 bonus points?


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Amy Bradney-George Finder

September 03, 2023

Hi,

There’s nothing in the terms and conditions for this offer specifically about paying the ATO but the Qantas American Express Ultimate Card does earn points for government payments, making it eligible spending from that perspective. And ATO payments/government charges aren’t listed as ineligible in the bonus point terms and conditions, which state: “eligible purchases do not include Card fees and charges, for example annual fees, interest, late payment, cash advances, balance transfers, traveller’s cheques and foreign currency conversion.” I hope this helps.


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Jesse

August 27, 2023

Hi Amy,


My partner and I are looking to get our first card for travel rewards. We’re looking to redeem the bonus offer by paying our rent through DEFT and have accounted for the transaction fee incurred (somewhere near 1.5%). We would like to know if this regular payment qualifies for points before signing up?


Thanks!


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Amy Bradney-George Finder

September 03, 2023

Hi Jesse,

Thanks for your question. The answer is a bit technical: if the DEFT payment is processed as a regular transaction (not a cash advance), it should qualify for points. You may want to check how the transaction is processed by calling DEFT on 1800 672 162. You could also call the American Express Qantas Ultimate team on 1800 507 104. I hope this helps.


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Adrian

August 25, 2023

I held this card a number of years ago, 4-5. Do you know if I receive the bonus points again if I apply now?


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Amy Bradney-George Finder

September 03, 2023

Hi Adrian,

Yes you would be eligible for the bonus points offer, as long as you have not held another Amex card in the past 18 months and don’t currently have one. I hope this helps.


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Agnes

August 24, 2023

What are eligible purchases $3000 in 3 months? Would Woolworth be ok? Do you have a list of shops that qualify?

Do you loose bonus points if not used in a year same as the $450 bonus for flights?


Avatar

Amy Bradney-George Finder

August 25, 2023

Hi Agnes,

Yes, groceries from Woolworths or another supermarket would count as an eligible purchase. Most everyday spending is considered as eligible purchases, including groceries, petrol, coffee, food and health and beauty services. So spending at most retail shops would count towards the spend requirement. Transactions that don’t count as eligible purchases for the bonus points offer include card fees and charges (e.g. the annual fee) cash advances, traveller’s cheques and foreign currency conversion. You can view the full terms and conditions on the application page, or contact American Express for more details.


The bonus points are added to your account 8-10 weeks after the spend criteria has been met. And once they are visible in your Qantas Frequent Flyer account, they can be used at any time and won’t expire as long as you earn or redeem Qantas Points at least once every 18 months. Qantas Points you earn with this card would count towards that requirement too. I hope this helps.


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