Frequent Flyer Credit Card Analysis: Qantas American Express Discovery Card

Information verified correct on December 11th, 2016
American Express Qantas Discovery Card Find out more Go to site

Don't worry, by clicking "Go to site" this won't leave a mark on your credit file. An enquiry will only appear on your file once you have submitted a credit card application.

What happens when I click Go to site?
  • Clicking Go to site will take you to your Online Application on the bank's website. You do not need to be an existing customer of this bank to apply.
  • Your application will typically take you no more than 10-15 minutes to complete
  • Once approved, you will typically receive your credit card within 1-2 weeks
Click here to start your application >>

Qantas and American Express – considered as market leaders in their industries. Put them together and you produce a lethal combination of great rewards and benefits across millions of locations worldwide.

With high bonus points available and a $0 p.a. annual fee, the American Express Discovery Card is a cut higher than most non-Platinum credit cards in the market.

Product NameAmerican Express Qantas 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
  • 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
Bonus Points on Sign-up7,500
Rewards Points per $ (VISA/MC)0
Rewards Points per $ (AMEX)1
Rewards Points per $ (VISA/MC) CapN/A
Rewards Points per $ (AMEX) CapUncapped
Points ExpiryNever

Qantas American Express Discovery Card Review

The Reward Points

Your Qantas American Express Discovery Card gives you 1 point for every $1 dollar spent on eligible purchases. Furthermore, it gives you 1 Qantas Frequent Flyer point for every $1 spent on selected Qantas products and services. The reward points are unlimited and they are automatically transferred to your Frequent Flyer account. But the reward does not stop there. Here's the real whopper.

Upon approval you receive a whopping 7,500 bonus points which could be broken down as:

  • 5,000 extra points for $750 worth of purchases using your credit card 3 months upon membership.
  • 2,500 extra points for first Card spend on various Qantas products and services.

These points can be redeemed on Qantas and their partner airlines.

Zero card fee

Some credit cards would boast of very low annual fee. The Qantas American Express Discovery credit card wipes out all competition with its zero annual card fees – a very rare commodity for such a Prestige card. Consider a couple of hundred dollars of saving from this alone.

Up to 44-day interest-free period

Another feature that the Qantas American Express Discovery Card has is the 44-day interest free period. Just imagine a 6 month period of zero interest and after that is 44 days of no interest as long as you pay off the account in full every month. You have ample time to pay off whatever purchases you made.

Flying with your card

Sometimes, if you have a card like this – $0 p.a. annual fee – you are left wondering if there is a catch somewhere. Of course, it is still advised to read the fine print so you can be fully and thoroughly acquainted with your card.

Again, the question lingers: What are the real perks for a card like this, or are there really any tangible benefits I can get from this card?

For one, the card gives you access to Qantas' partner airlines. This means you have a wide variety of destinations to select from as you accumulate points to your Frequent Flyer account. With your card, you can have full control where to go.

The trick is to use your card every time you shop instead of cash. This is convenient since there isn't any interest for 44-days. Instead pay it promptly and earn point after point which you can use for travelling.

To give you an idea, here are a few examples:

  • For a flight from Melbourne to Sydney, it will take you only 8,000 points and an additional $34.97 for taxes and fees.
  • If you are thinking of traversing from Perth to Adelaide, all you need is 18,000 points plus $45.22 in fees and taxes.
  • A flight from Sydney to Hobart will cost you only 18,000 points and an $35.30 in fees and taxes.

Features and other benefits of the Qantas American Express Discovery Card

If there are some downsides the American Express Discovery has, it would be only one thing:

  • High per Annum Rate. Another disadvantage of this card is the interest rate on purchases which is at20.74% p.a. every year. However, this can be avoided when you pay on time and take advantage of the free interest period instead.

But then, despite the above mentioned disadvantages, the American Express Discovery has other extra benefits:

  • You have access to their customer service anywhere and anytime in the world.
  • You are protected with their Purchase Protection. This means that any item you bought that has been damaged or stolen can be repaired or replaced within 90 days of purchase.
  • You are also covered by the Amex Refund Protection which will credit you for any refused refund within 90 days of purchase.
  • You are also protected from any questionable or fraudulent purchases made from your card with Amex's Fraud Protection Guarantee.
  • And just in case you lost your card while travelling, you can request for immediate card replacement anywhere and anytime.
Back to top

How to apply for the Qantas American Express Discovery Card

If you have been totally impressed by the Qantas American Express Discovery Card, you can get it after meeting the following requirements:

  • You are at least 18 years old
  • You are a permanent Australian citizen
  • You are earning a pre-tax income of at least $35,000 every year
  • You are in good credit standing
  • If you are self-employed, a trading record minimum of one year

The Qantas American Express Discovery Card holds great potential for the wise consumer. With the promise of great savings and rewards, all you need to do is go online or call for further assistance.

Back to top
Was this content helpful to you? No  Yes

Ask a Question

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

Disclaimer: At finder.com.au we provide factual information and general advice. Before you make any decision about a product read the Product Disclosure Statement and consider your own circumstances to decide whether it is appropriate for you.
Rates and fees mentioned in comments are correct at the time of publication.
By submitting this question you agree to the finder.com.au privacy policy, receive follow up emails related to finder.com.au and to create a user account where further replies to your questions will be sent.

4 Responses to Frequent Flyer Credit Card Analysis: Qantas American Express Discovery Card

  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 December 11th, 2016
Purchase rate (p.a.) Balance transfer rate (p.a.) Annual fee
Virgin Australia Velocity Flyer Card - Balance Transfer Offer
Enjoy a 0% p.a. balance transfer offer for 18 months and also earn 2 bonus Velocity Points in the first 3 months on everyday spend.
20.74% p.a. 0% p.a. for 18 months $64 p.a. annual fee for the first year ($129 p.a. thereafter) Go to site More info
ME Bank frank Credit Card
Enjoy a low and consistent interest rate on purchases and cash advances, combined with no annual fee.
11.99% p.a. $0 p.a. 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
NAB Low Rate Credit Card
The NAB Low Rate Card offers 0% p.a. on purchases and balance transfers for 15 months. This card also comes with a low annual fee.
0% p.a. for 15 months (reverts to 13.99% p.a.) 0% p.a. for 15 months with a one off 3% balance transfer fee $59 p.a. Go to site More info
HSBC Platinum Qantas Credit Card
Receive 60,000 bonus Qantas Points on eligible spend within 3 months. Enjoy access to premium benefits and complimentary insurance.
19.99% p.a. $199 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.

Ask a question
feedback