In this guide

  • Our verdict
  • Details
    • Product details
    • Eligibility
    • Rewards
    • Fees
  • How to apply
  • Card benefits
  • Rates & fees
  • Your reviews
  • Ask a question
Finder makes money from featured partners, but editorial opinions are our own.

Qantas American Express Ultimate Card

  • Avatar
Qantas American Express Ultimate Card
Go to site
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 by 28 May 2024 and spend at least $3,000 on eligible purchases in the first 3 months. This is a competitive bonus Qantas Points offer, and would be enough to redeem a return economy flight from Sydney to Singapore (50,400 Qantas Points plus fees and taxes) or a one-way business class flight from Melbourne to Fiji (57,000 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 a question
The Qantas American Express Ultimate currently offers the highest earn rate amongst Qantas-earning credit cards – with a rate of 1.25 Qantas Points per $1 on eligible spending. This means a purchase of $100 earns 125 points. Added value is available for new card members with a bonus points offer. To get the most out of a card like this, you need to make use of the other travel perks it offers; the annual fee is on the higher side when compared to other frequent flyer credit cards, but you could justify paying the relatively high $450 annual fee when you know you'll receive a $450 Qantas Travel Credit.

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 by 28 May 2024 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.
Tom Stelzer

I took out the Qantas Amex Ultimate Card specifically for my upcoming trip to the US. By booking my flights using this card, not only did I make progress towards the bonus points deal but also qualified for free travel insurance on my trip.
— Tom Stelzer, Finder Publisher

Your reviews

Not enough reviews Write a review

Ask a question

Ask a question
Avatar

Amy Finder

Editor

Hi there, looking for more information? Ask us a question.

Error label

You are about to post a question on finder.com.au:

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • finder.com.au is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked
Accept and continue

Finder only provides general advice and factual information, so consider your own circumstances, or seek advice before you decide to act on our content. By submitting a question, you're accepting our 1. Terms Of Service and 6. Finder Group Privacy & Cookies Policy.

This site is protected by reCAPTCHA and the Privacy Policy and Terms of Service apply.

Avatar

Monique

March 25, 2024

Hi there, if I meet the min. spend and requirements and are rewarded the Qantas points. Can I close the account after 4 months (assuming all my statement is paid off in full)? Are there any fees for early closure before 12 months?


Avatar

Sarah Megginson Finder

March 25, 2024

Hi Monique, there are no fees for closing the account and no penalties or points clawbacks in the terms and conditions of this account.


Avatar

Charlie

March 12, 2024

When are the bonus 100,000 points transferred into Qantas Frequent Flyer account?


Avatar

Sarah Megginson Finder

March 14, 2024

The terms and conditions state up to 12 weeks, but in practice, once you’ve met the eligibility requirements, the points will usually be transferred within that statement month.


Avatar

Michael

March 10, 2024

As a 60 year old person, semi-retired, asset rich/income reduced (permanent part time job) I have been having trouble finding a credit card provider willing to take my significant superannuation balance into account. Eligibility seems to be entirely dependent on income from employment.

My wife and I each work one day per week. Combined this amount would seem to satisfy the income requirements for this card, but taking only my single day per week into consideration the income is deemed to be too low.

Long winded intro… My question is, will Amex take both our incomes into consideration in an application or is it restricted to only the primary card holder.

Alternatively, how can I get our super to be recognized as a source of income in retirement?

Thanks.


Show more Show less
Avatar

Elizabeth Barry Finder

March 26, 2024

Hi Michael,


Joint credit cards are not the norm and are not offered by most credit card providers. Many banks and card providers offer cards with additional cardholders but only the main cardholder’s income is considered.


We have a guide to some banks which may consider both people’s income for a joint credit card that you can take a look at here (Amex is not one of them).


Alternatively, you may want to consider a card with a lower limit that will be easier to be approved on your income alone. We have a guide to credit cards for pensioners here and a guide to low limit credit cards here.


Hope this helps,


Elizabeth


Show more Show less
Avatar

Michael

January 30, 2024

Is there a maximum amount of days you can be away using the travel insurance, either in a single trip or multiple trips?


Avatar

Amy Bradney-George Finder

January 31, 2024

Hi Michael,

You can get cover for an international trip of up to 180 days, as long as you meet the requirements. This includes booking a return trip and paying for the international flight or cruise through this card. It’s a good idea to read the policy document for further details. If you have other questions, you can also contact insurance provider Chubb on 1800 236 023. I hope this helps.


Show more Show less
Avatar

Corey

January 26, 2024

If i kept the card until the anniversary date and got the $450 travel credit, would I then be able to close the card before being charged the second year annual fee?


Avatar

Amy Bradney-George Finder

January 29, 2024

Hi Corey,

You can use the $450 Qantas Travel Credit in the first year you have this card, as long as you have paid the annual fee and the account is in good standing. But the terms and conditions specifically state that “you must have paid the annual fee” and the account must be active to be able to use the travel credit, so cancelling the card would mean you couldn’t use this benefit. I hope that helps.


Show more Show less
Go to site