Qantas American Express Ultimate Card
Bonus PointsReceive 55,000 bonus Qantas Points when you apply online, are approved and spend $3,000 on your new Card within the first 3 months. Offer available to new American Express Card Members only
- Last updated on 07 Aug 2020
Balance Transfer Rate
for 12 months then 20.74%
Max Free Days
- Balance Transfers Available
- Free domestic travel insurance
- Free international travel insurance
- Free supplementary cards
- Purchase protection insurance
- Special events
- Airport lounge
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
|2.25 points for $1 spent||AMEX||uncapped||Qantas products and services in Australia|
|1.25 points for $1 spent||AMEX||uncapped||all other eligible purchases|
|0.5 points for $1 spent||AMEX||uncapped||government bodies|
- FREE DOMESTIC TRAVEL INSURANCE Available when you use your card to pay for return domestic travel
- FREE INTERNATIONAL TRAVEL INSURANCE Available when you use your Card to pay for return international travel
- FREE SUPPLEMENTARY CARDS Supplementary cardholder must be over 18 years of age
- PURCHASE PROTECTION INSURANCE Covers up to $2,500 per item and $20,000 per year with a $50 excess within 90 days of purchase
- SPECIAL EVENTS Complimentary Qantas Wine Premium Membership
- AIRPORT LOUNGE Up to two American Express airport lounges and two Qantas Club lounge entries per year
- Bonus Points Receive 55,000 bonus Qantas Points when you apply online, are approved and spend $3,000 on your new Card within the first 3 months. Offer available to new American Express Card Members only
Complimentary $450 Qantas Travel Credit available each year
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.
The American Express Qantas Ultimate Card offers a moderately low number of interest-free days, with a high-interest rate and a high annual fee.
As a cardholder, you’re able to earn Qantas points that are redeemable for travel. In addition to reward points, the card provides annual travel credit and airport lounge access.
When you pay for travel costs using your card, you will receive complimentary insurances for yourself and your family.
Your purchases and payments are safeguarded by a range of security features, including refund, purchase and online fraud protection.
There are 0 per cent balance transfers available for up to 12 months, and provision for additional cardholders. However, each person on the account must be at least 18 years old.
The American Express Qantas Ultimate Card is compatible with Apple Pay, Samsung Pay and Android Pay.
- Complimentary travel insurance
- Airport lounge access
- Free additional cardholders
- No cash advance facility
- Late payment fee charged
- High annual fee
Who is it good for?
The American Express Qantas Ultimate Card would benefit existing members of the Qantas Frequent Flyer program.
A requirement of the card is that you must be a Qantas Frequent Flyer member to earn and redeem Qantas points.
This card may also appeal if you’re a frequent flyer and prefer to use credit over cash for purchases and payments.
The card has no cap on how many points you can earn and rewards you with bonus points for every additional cardholder you sign up.
Complimentary benefits such as travel insurance and global emergency card replacement and support are aimed to make business and holiday journeys more secure.
If you’re a foodie, another perk of the American Express Qantas Ultimate Card is free Qantas Wine Premium membership.
Qantas Wine Premium offers members a range of wines, spirits and gourmet foods that can be purchased online.
What RateCity says
For a high annual fee, the American Express Qantas Ultimate Card provides Qantas Frequent Flyer members the opportunity to earn unlimited Qantas points.
It gives cardholders a range of extras such as complimentary travel insurances, access to the American Express Airport and Qantas Club lounges, and travel credit each year.
The credit card also provides free membership to Qantas Wine Premium, which might appeal to lovers of fine wine and food.
The security features of the card aim to ensure the card is protected whenever and wherever it’s used.
If you’re not much of a traveller or have no desire to earn Qantas points, this card may not be the best option for you.
It’s worth noting the American Express Qantas Ultimate Card has no cash advance facility. If that’s an important feature of a credit card, you may want to consider another product.
To be eligible for the American Express Qantas Ultimate Card, you need to be at least 18 years old. You also need a gross (pre-tax) annual income of $65,000 or more. You must be an Australian citizen, permanent resident or hold a current business long stay visa (subclass 457), and have no history of bad debt or payment defaults. To apply you will need your existing American Express card number available (if applicable), driver’s licence details and information regarding employment.
About American Express
American Express, also known as Amex, is an American multinational financial services corporation that was founded in 1850. It’s headquartered in New York City’s World Financial Centre and is an issuer of American Express cards. American Express provides merchant card transaction acquiring facilities and arranges insurance services issued by various third parties. The company claims to be one of the world’s most trusted brands and strives to provide a world-class service and personal recognition for its customers.
Property Personal Finance Writer
A property and personal finance writer, Nick Bendel covers property, loans, credit cards, superannuation, and other bank products. Nick has previously written for The Adviser, Mortgage Business, Lifehacker, Business Insider, Yahoo Finance, and InvestorDaily, and loves getting elbow-deep in the latest ABS, APRA and RBA data.
If you have a bad credit score, you might encounter two main problems. First, the lower your credit score, the more likely you are to be rejected when you apply for a loan or any other credit product. Second, if your application is accepted, the less likely you are to qualify for the lowest interest rates.
The reason Equifax, Experian and Illion use different scores is because they are independent companies with their own different methodologies. As a result, a score of, say, 700 would mean different things at different credit reporting bureaus.
However, the one thing they have in common is that they divide their scores into five tiers. So if you receive a tier-two credit score from one bureau, you will probably receive a tier-two score from the others, as well.
Yes, as credit card providers look at your annual income amount as well as your occupation. Minimum income requirements tend to be between $30,000 – $40,000 for standard and rewards credit cards, however low income credit cards can have minimum income requirements as low as $15,000 per year.
There are two reasons you should check your credit rating: so you have a better understanding of your financial position, and so you can take action (if necessary) to improve your credit rating.
Lenders use credit ratings or credit scores to assess loan applications. The higher your score, the more likely you are to get approved, and the more likely you are to be charged lower interest rates and lower fees. Conversely, the lower your credit score, the less likely you are to get approved, and the more likely you are to be charged higher interest rates and higher fees.
Credit cards are a quick and convenient way to pay for items in store, online or over the phone. You can use a credit card as a cashless way to pay for goods or services, both locally and overseas. You can also use a credit card to make a cash advance, which gives you the flexibility to withdraw cash from your credit card account. Because a credit card uses the bank’s funds instead of your own, you will be charged interest on the money you spend – unless you pay off the entire debt within the interest-free period. If you pay the minimum monthly repayment, you will be charged interest. There are many different credit card options on the market, all offering different interest rates and reward options.
A balance transfer credit card lets you transfer your debt balance from one credit card to another. A balance transfer credit card generally has a 0 per cent interest rate for a set period of time. When you roll your debt balance over to a new credit card, you’ll be able to take advantage of the interest-free period to pay your credit card debt off faster without accruing additional interest charges. If your application is approved, the provider will pay out your old credit card and transfer your debt balance over to the new card.
For most Australians, there are no great barriers to applying for and getting approved for a credit card. Here are some points that a lender will consider when assessing your credit card application.
Credit score: A bad credit score is not the be all and end all of your application, but it may stop you being approved for a higher credit limit. If your credit score is less than perfect, apply for the credit limit that you need, rather than the one you want.
Annual income: Most credit cards have minimum annual income requirements. Make sure you’re applying for a card where you meet the minimum.
Age & residency: You need to be at least 18 years old to apply for a credit card in Australia, and most require that you are an Australian citizen or permanent resident. However, there are some credit cards available to temporary residents.
There is no one-size-fits-all best rewards credit card. It's best you research what type of rewards program you'd like, as well as the fees, interest rate and conditions associated with those types of cards before making a choice.
Rewards credit cards can also come with high annual fees that may end up nullifying the rewards, so think how often you use the card to decide whether the benefits outweigh the extra cost for you. A card with a lower annual fee might require a lot of spending to get any useful rewards, while another card with a higher annual fee might need fewer purchases to get a reward.
Losing your credit card is a serious situation, and could land you in financial trouble. Here is a simple guide detailing what to do when you lose your credit card.
Lock you card – Contact your provider and inform them about your lost credit card. From here lock, block or cancel your card.
Keep track of transactions – Look out for unauthorised credit card transactions. Most banks protect against fraudulent transactions.
Address recurring charges – If your card is linked to recurring charges (gym membership, rent, utilities), contact those businesses.
Check credit rate – To ensure you’re not the victim of identity theft, check your credit rating a month or two after you lose your credit card.
If you’re wondering about how to make a credit card online application, here are some steps to follow:
- Test the market. Many credit card options are available online. Compare providers by fees, interest and perks to ensure you’re getting the best deal.
- Complete the application. Once you’ve selected a card, head to the provider’s website and complete the online credit card application form. Forms vary by providers.
- Provide details. Most cards require you to meet age, residency, income and credit status condition, and you need to provide details like a bank account statement to prove this.
- Review details. Ensure the information you’ve entered is correct.