In this guide

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

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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 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

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Amy Finder

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Peter

May 18, 2024

Hi, we are self-funded retirees still not at pension age. My husband works casual as a subcontractor and has an ABN and also draws on his super. His annual income for the last financial year was just under $15,000 and he draws $69,000 a year from his super. We have an ANZ Platinum Rewards card but we would like a card with Qantas frequent flyers. He has a good credit rating (920) but ANZ recently declined his application for a Visa black stating his income was too low. Does this Amex card take into consideration the super payments he receives or is it purely based on work income. We are totally gutted by ANZs rejection and feel discriminated against because of age. We have been with ANZ for over 30 years and have always paid our loans and credit card on time. Is there any possibility we would be given this Amex card or any other frequent flyer credit card. Thank you.


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Sarah Megginson Finder

May 20, 2024

Hi Peter,


As far as I know, the ANZ Platinum Card has a minimum income of $75,000 and a minimum limit of $15,000, which is quite a high qualifying bar to jump over. Each card provider has a range of factors they take into consideration when assessing your application, including your expenses, other debts, credit rating (of which yours is excellent!) etc, so it’s not possible to give advice on individual application outcomes.


However, you may be better off applying for a card with a lower income requirement and lower minimum limit. The Qantas Money Premier Platinum Card has a minimum limit of $6,000, so this might be more achievable. Before you apply, it might be worth contacting them to check and see if there are any issues with your superannuation income?


Hope this helps and best of luck!


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Linda G

April 12, 2024

You must spend $3,000 on eligible purchases in the first 3 months. What is considered eligible purchases? Is there a list available. Also do the points expire ?


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Mariam Gabaji Finder

May 13, 2024

Hi Linda, eligible purchases include most everyday spending but do not include cash advances, interest, fees and charges or traveller’s cheques and foreign currencies. Hope this helps.


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Alex

April 10, 2024

Do I only get the $450 travel credit in the first year?


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Sarah Megginson Finder

May 17, 2024

Hi Alex, you’ll get a new $450 travel card every 12 months.


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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?


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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.


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Charlie

March 12, 2024

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


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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.


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