Qantas Discovery Card
Balance Transfer0% p.a. on balance transfers for the first 12 months — A one-off credit plan establishment fee of 1% applies to any balances transferred. If you pay your Balance Transfer over time, an interest-free period will not apply to your purchases. T&Cs apply.
Virgin Money Virgin Australia Velocity Flyer Card (Balance Transfer Offer)
Balance Transfer0% p.a. for 22 months on balance transfers. Earn 3 additional bonus Velocity Points per $1 on your everyday spend in the first 3 months (capped at 10,000 points per month).
Balance Transfer Rate
for 12 months then 20.74%
Max Free Days
- No Annual Fee
Number free supplementary
Interest Free Days
Interest Free Days
Maximum credit limit
Late Payment Fee
Minimum credit limit
Over limit fee
Minimum repayment dollars
Duplicate statement fee
Minimum repayment percent
Supplementary card annual fee
Cash advance rate
Balance Transfer Rate
Balance Transfer Rate
for 12 months then 20.74%
of the approved credit limit
Balance Transfer Fee
Foreign Exchange Fee
3% on Amex
Estimated ATM Cost
Qantas Frequent Flyer
Gift Card, Domestic Flights, International Flights, Flight Upgrades, Qantas Shop, Qantas Hotels
457 Visa holder
|1.75 points for $1 spent||AMEX||uncapped||all eligible Qantas products and services in Australia|
|0.75 points for $1 spent||AMEX||uncapped||all eligible card purchases|
|0.5 points for $1 spent||AMEX||uncapped||government bodies|
- Free Supplementary Cards Supplementary cardholder must be over 18 years of age
- Purchase Protection Insurance Covers up to $2,500 per item and $10,000 per year with a $50 excess within 90 days of purchase
- Balance Transfer 0% p.a. on balance transfers for the first 12 months — A one-off credit plan establishment fee of 1% applies to any balances transferred. If you pay your Balance Transfer over time, an interest-free period will not apply to your purchases. T&Cs apply.Offer is not available for Card Members who currently hold or who have previously held any other Card product offered by American Express in the preceding 60 day period. A one-off credit establishment fee of 1% applies.
Cash Advance not available
Compare and review credit cards with similar features
American Express, commonly known as AMEX, is a multinational financial services corporation headquartered in New York.
AMEX is the world’s largest credit card issuer by purchase volume. Alongside AMEX credit cards, the company provides personal financial products such as travellers’ cheques, as well as business and corporate financial services.
American Express has a corporate office in Sydney and various currency exchanges around Australia, but no dedicated customer service branches. ATM access is available through AMEX’s network of partner ATMs.
As the name suggests, the American Express Qantas Discovery Card allows you to earn points towards flights with Qantas and its partner airlines with every dollar you spend. To earn points faster, you can also add up to four supplementary cards to your account.
This card comes with no annual fee, and like American Express’ other products, offers a promotional interest rate of 0 per cent for a 12-month period if you transfer your existing credit card balance onto the American Express Qantas Discovery Card (although a one-off establishment fee applies).
Due to its global network, American Express offers a range of benefits for its customers. This includes 24/7 account assistance, emergency card replacement within 48 hours, refund protection, purchase protection, online fraud protection and compatibility with Apple Pay, Samsung Pay and Android Pay.
- No annual fee
- 0% balance transfer offer
- Qantas rewards program
- High interest rate
- Some fees apply
- Rewards program limited to Qantas
Who is it good for?
Travellers may find this card appealing, especially those who fly with Qantas or one of its partner airlines on a regular basis. To get the most value out of the rewards program, it helps if you frequently use your credit card to make purchases and have a family member who can hold a supplementary card, enabling you to earn points faster. If you would prefer more rewards options, though, it may be worth shopping around for a card that offers a broader program.
This product may also suit those who are keen to clear the outstanding balance on their existing credit card without paying interest. By switching to the American Express Qantas Discovery Card, you can take advantage of the 0 per cent rate for balance transfers and pay down your credit card bill without making any interest payments for 12 months.
What RateCity says
Along with the chance to earn Qantas rewards, this card offers a 0 per cent interest rate for balance transfers, giving you an opportunity to whittle down that out-of-control credit card bill without worrying about interest by switching your account over to Amex. Take care though: this promotional rate only lasts for 12 months before repayments revert to the card’s regular interest rate, which is high compared to the market average. It also doesn’t include any purchases you make on top of your balance transfer, which similarly incurs the card’s normal rate.
Another benefit with this product is no annual fee – a significant drawcard as Amex’s other Qantas cards come with hefty annual fees. Several other charges apply for things like late payments, cash advances and issuing additional statements. If you sign up for this card, it’s worth assessing your banking habits to minimise the amount spent on fees.
To be eligible for the American Express Qantas Discovery Card, you need to meet Amex’s income and credit approval criteria. You must be 18 years or over and an Australian citizen, a permanent resident or hold a current business long stay visa. Successful applicants must also have a personal or household gross (pre-tax) annual income of $35,000 or more, and have no history of bad debt or payment default. Applications can be made through the Amex website.
About American Express
American Express (or Amex) is a global financial services company that is headquartered in New York. Best known for its credit card, charge card and travellers’ cheque products, it is one of the world’s largest card issuers, with products suited to consumers, small businesses and corporations. Many merchants in Australia accept American Express cards, but not all, as vendors that accept American Express cards pay a small percentage of each transaction to Amex.
If you’ve recently used your credit card to pay for something over the phone or online, you would have been asked to provide a CVV number. CVV stands for ‘card verification value’, and is also sometimes referred to as a CVC or card verification code.
A CVV code is usually needed when the card is used online or over the phone as an anti-fraud measure. Without the cardholder being physically present to sign or verify the purchase, the CVV provides an extra layer of protection.
If you’re using Mastercard or Visa, the CVV is usually three digits and is located on the back of the card. If you’re using an American Express, the CVV is usually four digits and is on the front of the card.
The numbers on your credit card actually follow a universal standard which is used to identify specific functions. Each credit card has a different amount of numbers: Visa and Mastercard have 16, American Express has 15 and Diner’s Club has 14. The first number on a credit card always identifies what type of credit card it is. Visa cards start with a 4, whereas Mastercard starts with a 5 and American Express with a 3. The remainder of the digits represent the account number, including the last number which is used to verify that your credit card is actually valid. Credit cards also have additional verification numbers, which are mainly used when the card isn’t present for phone and online purchases. These are the three-digit numbers on the back of Visa and MasterCard or the four-digit numbers on the front of an American Express card.
The credit card market changes all the time, so the credit card with the highest annual percentage rate is also liable to change.
One thing to remember is that credit card interest rates are expressed as a yearly rate, or annual percentage rate (APR). A low APR is generally good but also consider:
- There can be different APRs for each feature of the card (e.g. purchases may have an APR of 14 per cent, while cash advances on same card could have an APR of 17 per cent
- Credit cards with a variable rate can change throughout the year, affecting your APR, so check the full details
- If you pay your balance in full every month, having the lowest APR is not as important as the other fees associated with the card. However, if you carry a balance from month to month, then you want the lowest APR possible