Qantas Premium Card

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Basic

Card Level
Card Level
Premium
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
$249
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
Premium
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
$249
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
$40,000
Eligibility conditions
Eligibility conditions
No history of bad debt or payment default
Minimum age
Minimum age
18
Minimum income
Minimum income
$40,000
Eligibility conditions
Eligibility conditions
No history of bad debt or payment default

Earn Rates

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

Perks

  • Special EventsComplimentary Qantas epiQure Premium Membership
  • Free Domestic Travel InsuranceAvailable when you use your card to pay for return domestic travel
  • Free International Travel InsuranceAvailable when you use your card to pay for return international travel
  • Free Travel Insurance Days
  • Purchase ProtectionCovers up to $20,000 per year
  • Free Supplementary CardsSupplementary cardholder must be over 18 years of age
  • Airport LoungeUp to two entries per year into the American Express Lounge at Sydney or Melbourne International Airport
Other Restrictions
Cash Advance not available

Features

The American Express Qantas Premium Card comes with a high interest rate, a moderately high annual fee and a moderately low minimum credit limit. It also comes with a moderately low number of interest-free days.

American Express Qantas Premium cardholders can earn points for eligible purchases as part of the Qantas Frequent Flyer program. Points can be redeemed for flights, upgrades and other rewards at Qantas and their partner airlines. The card also allows customers to earn one additional point per dollar spent on selected Qantas purchases.

Customers wishing to transfer existing debt from another card can take advantage of this card’s introductory 0 per cent balance transfer deal. Four supplementary cards are also allowed at no additional cost.

In terms of insurance coverage, cardholders are covered by a variety of complimentary policies, including travel insurance and purchase protection insurance (conditions apply).

Pros
  • Qantas Frequent Flyer program
  • Complimentary insurances
  • Balance transfer offer
Cons
  • High interest rate
  • Moderately high annual fee
  • Overseas spending fees

 

Who is it good for?

The American Express Qantas Premium Card is a good fit for regular travellers who are comfortable spending frequently on their credit card and paying it off each month. Customers who fit this profile have the potential to earn valuable rewards and save money on flights and other travel expenses, as well as insurance.

However, making overseas purchases on this card will incur a foreign exchange fee, so it isn’t the best option for using while travelling.

Those wanting to pay off existing debt from another card could also benefit from this card’s balance transfer offer. It’s worth noting, though, that the offer is for a limited time only and the standard interest rate for purchases is high – which can add to debt quickly.

Likewise, people who are unable to pay their balance each month wouldn’t be ideal for this card due to its high interest rate and moderately high annual fee.

What RateCity says

This card comes with a number of attractive benefits assuming that customers can pay their bill on time each month. If this is the case, the American Express Qantas Premium Card offers the ability to earn frequent flyer rewards and save money. The allowance for four additional cardholders also means points can be earned faster through multiple people spending on the one account.

However, with a high interest rate and moderately high annual fee, it’s worth weighing up whether this card’s benefits are worth the added cost and the risk of accruing unnecessary debt.

Those who choose to transfer debt would also need to consider whether this card’s other advantages are appealing enough to keep them around after the introductory offer is finished.

Additionally, American Express is not accepted at as many merchants as Mastercard and Visa, which could be a downside for some. 

Applying/eligibility

To be eligible for the American Express Qantas Premium Card, you must be at least 18 years old and have no history or bad debt or payment defaults. You must also be an Australian citizen, permanent resident or 457 visa-holder, and earn at least $40,000 a year. Applications take around 10 minutes to complete and can be filled out at the American Express website. Depending on your application, you may receive a response is as little as 60 seconds. 

About American Express

American Express, or AMEX, is a multinational financial services corporation with its headquarters in New York. It is the world’s largest card issuer by purchase volume. AMEX provides various personal financial products such as credit cards and traveller’s cheques, as well as business and corporate financial services. Customer service is available via the company’s phone hotline or 24/7 live chat through the AMEX website. Customers can also manage their card accounts online through the AMEX website and app.

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