Qantas American Express Discovery Card review

Information verified correct on April 30th, 2017
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The Qantas American Express card allows you to earn rewards and save with Qantas Points per $1 spent, a $0 and 0% p.a. for 12 months on balance transfers.

The Qantas American Express Discovery card is a frequent flyer card that allows cardholders to earn points while they save on standard card costs. You'll collect Qantas Points for every dollar you spend on eligible purchases and consolidate your debts without collecting interest for the first 12 months. The card also offers complimentary purchase insurance and up to 44 interest-free days. Compare the rates, fees and features below to decide if this is the right card for you.

The Qantas American Express Discovery Card offers 0% p.a. for 12 months on balance transfers (a one-off 1% balance transfer fee applies) and a $0 annual fee for life.

Product NameQantas American Express Discovery 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$0 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.
$2,000
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.
$100,000
Minimum Monthly Repayment2.5% or $30
Minimum Income$35,000
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 InsuranceNo
Available To Temporary ResidentsYes - Conditions apply
Joint ApplicationNo
Minimum Income$35,000
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.
$2,000
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.
$100,000
Annual Fee$0 p.a.
Minimum Repayment2.5% or $30
Late Payment Fee$30
Over Limit Fee$30
Cash Advance Fee$2.50 or 2% of the cash advance amount (whichever is greater)
Overseas ATM Withdrawal Fee$2.50
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.
Number of Additional Cardholders4
BPAYYes
ChequeYes
Direct DebitYes
Australia PostYes
Phone BankingYes
Internet Banking TransfersYes
In BranchYes
MailYes

Pros

  • $0 annual fee ever which is a rarity for a prestigious card plus, equal points for spending
  • This card comes with a promotional balance transfer rate of 0% p.a. for 12 months (a one-off 1% balance transfer fee applies).
  • Your points will be transferred straight into your Qantas Frequent Flyer account.
  • 24/7 assistance covers fraud, replacement cards and theft. AMEX purchase protection covers you for the stolen, broken or defective items within 90 days of purchase.

Cons

  • Must have a good credit rating without defaults
  • Income before tax must be $35,000 p.a. or over.
Rewards ProgramQantas Frequent Flyer
Rewards Points per $ (AMEX)1
Rewards Points per $ (AMEX) CapUncapped
Points ExpiryNever

Qantas American Express Discovery Card review

The Qantas American Express Discovery is suited to Qantas Frequent Flyers and cardholders who want to keep their costs low. You can look forward to 1 per $1 spent on eligible points plus 1 Qantas Point for every dollar spent on Qantas products and services. Plus, there's no points cap, meaning your reward potential is only limited by how much you spend on your card.

The card also offers up to 44 interest-free days, a standard purchase rate of 20.74% p.a. and $0 p.a. annual fee for the life of the card.

Benefits of the Qantas American Express Discovery card

If you apply and are approved for this card, you can look forward to the following perks:

  • Qantas Points per $1 spent. You'll collect 1 per $1 spent on eligible points plus 1 Qantas Point for every dollar spent on Qantas products and services. These points aren't capped and can be redeemed for flights with Qantas, travel packages and products with leading Australian brands from the Qantas Online Mall.
  • No annual fee. Unlike many frequent flyer cards, the Qantas American Express Discovery Card comes with $0 annual fee for the life of the card.
  • 0% balance transfer offer. If you're struggling to repay a high-interest credit card debt, you could take advantage of the balance transfer offer of 0% p.a. for 12 months. A one-off balance transfer fee of 1% of your total balance applies. The balance transfer will revert to 20.74% p.a. when the promotion ends.
  • Interest-free days. If you pay your balance in full, you can take advantage of up to 44 interest-free days on purchases.
  • Complimentary purchase insurance. The card offers purchase protection insurance to cover the cost of repairing or replacing items that are accidentally damaged or stolen within 90 days of purchase. It also offers refund protection insurance to cover the cost if you're refused a refund on an unused eligible item within the first 90 days of purchase.
  • Contactless and mobile payments. You can use this card to make digital mobile payments with Apple PaySamsung Pay and Android Pay.

Features of the Qantas American Express Discovery Card

  • Purchase interest rate. Your purchases will collect an interest rate of 20.74% p.a.
  • Currency conversion rate. A 3% fee is charged for transactions made in a foreign currency overseas or online.
  • Global card support. Qantas American Express Discovery Card members can take advantage of 24/7 global card support services and emergency card replacement services that can help you get a card replaced in as little as 48 hours.
  • Fraud protection. The card comes with an online fraud protection guarantee. So, you won't be held responsible for any unauthorised charges online as long as you notify AMEX immediately upon discovery of the fraudulent transactions.

How to apply for the Qantas American Express Discovery Card

If you're interested in applying for the Qantas American Express Discovery Card, make sure you meet the eligibility requirements and have the necessary documents and information on hand before you apply.

Eligibility requirements

  • Age. You must be at least 18 years old to apply for this card.
  • Residential status. You must be an Australian citizen or permanent resident or hold a current Business Long Stay Visa (subclass 457).
  • Minimum income. Your pre-tax or gross income must be at least $35,000.
  • Credit history. You must have no history of bad debt or payment default to receive approval.

Required documents and information

  • Personal information. This includes your full name, residential address, email address and driver's licence number.
  • Employment information. This includes your position, salary and your employer's name and contact details. You may also be required to provide several recent payslips.
  • Financial information. This includes any assets you have, such as shares, investments or savings. It also includes any existing debts from cards or loans, and ongoing financial commitments such as bills, rent or household expenses.

While the Qantas American Express Discovery Card boasts a Qantas rewards program and no annual fee, you should compare your options before applying to ensure it's the most valuable offer for you.

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4 Responses to Qantas American Express Discovery Card review

  1. Default Gravatar
    Gavin | May 7, 2015

    when I buy an airline ticket with my Qantas Amex Discovery Card, do I get free travel insurance?

    • Staff
      Jonathan | May 7, 2015

      Hi Gavin, thanks for your inquiry!

      Unfortunately this card does not provide complimentary travel insurance. Please refer to the following link for a list of cards that provide complimentary travel insurance.

      Cheers,

      Jonathan

  2. Default Gravatar
    Tak | March 26, 2012

    Hi.
    Is there any charges will be applied when use the card?

    • Staff
      Jeremy | May 15, 2012

      Hi,

      Thanks for the question. There are the standard interest rate for purchases and cash advances that apply depending on how you use this card. Other changes include the transaction fees that are standard with all credit card transactions.

      Cheers,
      Jeremy

Credit Cards Comparison

Rates last updated April 30th, 2017
Purchase rate (p.a.) Balance transfer rate (p.a.) Annual fee
Virgin Australia Velocity Flyer Card - Balance Transfer Offer
Earn 2 Velocity Points on top of the standard earn rate per $1 spent within the first three months. Plus, save with a long-term balance transfer offer and a reduced annual fee in the first year.
20.74% p.a. 0% p.a. for 18 months with 1.5% balance transfer fee $64 p.a. annual fee for the first year ($129 p.a. thereafter) Go to site More info
HSBC Platinum Credit Card
Receive a full annual fee refund and save $149 if you meet the $6,000 spend requirement. Enjoy a balance transfer offer and platinum card benefits such as complimentary insurances and concierge services.
19.99% p.a. 0% p.a. for 15 months $149 p.a. Go to site More info
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. Also, enjoy an annual fee waiver in the first year.
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
NAB Premium Card
An introductory rate of 0% p.a. for 24 months on balance transfers combined with premium benefits such as travel insurance covers.
19.74% p.a. 0% p.a. for 24 months with 3% balance transfer fee $90 p.a. 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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