Qantas Discovery Card

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Pros:
  • No Annual Fee
Cons:

    Basic

    Card Level
    Card Level
    Standard
    Interest Free Days
    Interest Free Days
    44
    Maximum credit limit
    Maximum credit limit
    $25,000
    Minimum credit limit
    Minimum credit limit
    $2,000
    Minimum repayment dollars
    Minimum repayment dollars
    $30
    Minimum repayment percent
    Minimum repayment percent
    2.5
    Number free supplementary
    Number free supplementary
    4
    Annual Fee
    Annual Fee
    Late Payment Fee
    Late Payment Fee
    $30
    Over limit fee
    Over limit fee
    $15
    Duplicate statement fee
    Duplicate statement fee
    $10
    Supplementary card annual fee
    Supplementary card annual fee
    $0
    Apple Pay available
    Apple Pay available
    Google Pay available
    Google Pay available
    Samsung Pay available
    Samsung Pay available
    Card Level
    Card Level
    Standard
    Interest Free Days
    Interest Free Days
    44
    Maximum credit limit
    Maximum credit limit
    $25,000
    Minimum credit limit
    Minimum credit limit
    $2,000
    Minimum repayment dollars
    Minimum repayment dollars
    $30
    Minimum repayment percent
    Minimum repayment percent
    2.5
    Number free supplementary
    Number free supplementary
    4
    Annual Fee
    Annual Fee
    Late Payment Fee
    Late Payment Fee
    $30
    Over limit fee
    Over limit fee
    $15
    Duplicate statement fee
    Duplicate statement fee
    $10
    Supplementary card annual fee
    Supplementary card annual fee
    $0
    Apple Pay available
    Apple Pay available
    Google Pay available
    Google Pay available
    Samsung Pay available
    Samsung Pay available

    Rates

    Purchase Rate
    Purchase Rate
    20.74%
    Cash advance rate
    Cash advance rate
    Purchase Rate
    Purchase Rate
    20.74%
    Cash advance rate
    Cash advance rate

    Balance Transfer

    Balance Transfer Rate
    Balance Transfer Rate
    0%for 12 months then 20.74%
    Transfer Limit
    Transfer Limit
    70%of the chosen credit limit
    Balance Transfer Fee
    Balance Transfer Fee
    $50
    Balance Transfer Rate
    Balance Transfer Rate
    0%for 12 months then 20.74%
    Transfer Limit
    Transfer Limit
    70%of the chosen credit limit
    Balance Transfer Fee
    Balance Transfer Fee
    $50

    Overseas spending

    Foreign Exchange Fee
    Foreign Exchange Fee
    3% on AMEX
    Overseas charges
    Overseas charges
    Estimated ATM Cost
    Estimated ATM Cost
    Foreign Exchange Fee
    Foreign Exchange Fee
    3% on AMEX
    Overseas charges
    Overseas charges
    Estimated ATM Cost
    Estimated ATM Cost

    Rewards

    Program name
    Program name
    Qantas Frequent Flyer
    Rewards Available
    Rewards Available
    Gift Card, Domestic Flights, International Flights
    Program name
    Program name
    Qantas Frequent Flyer
    Rewards Available
    Rewards Available
    Gift Card, Domestic Flights, International Flights

    Eligibility

    Minimum age
    Minimum age
    18
    Minimum income
    Minimum income
    $35,000
    Eligibility conditions
    Eligibility conditions
    Minimum age
    Minimum age
    18
    Minimum income
    Minimum income
    $35,000
    Eligibility conditions
    Eligibility conditions

    Earn Rates

    RateCard TypeEarnsCondition
    1 point for $1 spentAMEXuncappedall eligible card purchases
    0.5 points for $1 spentAMEXuncappedgovernment bodies

    Perks

    • Purchase ProtectionCovers up to $2,500 per item and $10,000 per year with a $50 excess within 90 days of purchase
    • Free Supplementary CardsSupplementary cardholder must be over 18 years of age
    Other Restrictions
    Cash Advance not available

    Features

    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. 

    Pros
    • No annual fee
    • 0% balance transfer offer
    • Qantas rewards program
    Cons
    • 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. 

    Applying/eligibility

    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.

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