In this guide

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

Qantas American Express Ultimate Card

  • Amy Bradney-George's headshot
Qantas American Express Ultimate Card
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Terms and conditions apply
Bonus points
50,000
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 50,000 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 50,000 bonus Qantas Points when you apply online by 14 January 2025 and spend at least $3,000 on eligible purchases within the first 3 months. To give you an idea of your points potential, this would be enough to redeem a one-way economy flight from Melbourne to Los Angeles (41,900 Qantas Points plus fees and taxes) or a one-way business class flight from Sydney to Perth (41,500 points plus fees and taxes).

Pros

  • 50,000 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.
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
Joint application No

Rewards

Rewards program Qantas Frequent Flyer
Bonus points 50,000
Rewards points per $ spent 1.25
Rewards points cap Uncapped

Fees

Annual fee
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
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

  • 50,000 bonus Qantas Points. You'll get 50,000 bonus Qantas Points when you apply online as a new Amex card member by 14 January 2025 and spend at least $3,000 on eligible purchases within the first 3 months. Terms and conditions apply. 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.
Thomas Stelzer's headshot

"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."

Publisher

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Amy Finder

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Avatar

Shammith

November 21, 2024

Can I use both my Qantas credit and points together in a booking? If yes what’s the process like?


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Angus Kidman Finder

November 21, 2024

Hi Shammith, Unfortunately you can’t do this – you have to spend the travel credit on its own.


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RZ

August 31, 2024

Where can I found what constitutes an eligible purchase?

Cheers


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Angus Kidman Finder

September 15, 2024

Hi, Amex’s terms note that “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.” Other expenditure on the card should be eligible. Hope this helps!


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Gina

August 03, 2024

Hi There, we jsut got our Amex qantas where you can earn 90,000 points.. I am a bit conufsed with eligible purchase.. does that mean it’s only the purchase of Qantas products? Or all other purchases – goods or services?


Avatar

Angus Kidman Finder

September 22, 2024

Hi Gina, Eligible purchases are purchases which can earn points – so not just Qantas products. On most purchases with the card, you’ll earn 1.25 Qantas Points per dollar spent. If you use your card to purchase Qantas tickets, you’ll earn 2.25 Qantas Points per dollar spent. Spending on government purchases (e.g. rates bills) only earn 0.5 Qantas Points per $1 spent. The main purchases which aren’t eligible to earn points at all are cash advances and gambling. Hope this helps.


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Defria

July 26, 2024

Can you please tell me when the 90,000 bonus points offer was first made available? What date?


I applied for the card because this offer appealed to me and they provided me with a card that only gave me 60,000 bonus points and have told me that they won’t honour the 90,000 point offer.


Thanks.


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Sarah Megginson Finder

July 29, 2024

Hi Defria,


Our records show that this offer was first made available on May 29, 2024. Hope this helps!


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Karen Taudevin

July 10, 2024

I have been with Americian express for 1year, how do I get the free lounge passes. Do I receive an email?


Avatar

Sarah Megginson Finder

July 17, 2024

Hi Karen,


There is a bit of a process involved in securing your 2 free lounge passes, according to the PDS.


Your passes will be activated after your first spend on Qantas products. Within 2 weeks of processing your first spend on selected Qantas products and services each anniversary year on your Card, you will receive an email from Qantas confirming the Qantas Club Lounge Invitations are available for use.


You then login to the Complimentary Invitations Portal using your Frequent Flyer details to access your invitation and link it with an eligible Qantas flight booking with a QF or JQ flight number. For more

information, visit qantas.com/freeloungeinvite.


Hope this helps!


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