Point Hacks Credit Card Guide

American Express Qantas Premium offering 60,000 Qantas Points and lounge invites

Qantas American Express Premium - 60,000 Qantas Points

The Qantas American Express Premium card has 60,000 bonus Qantas Points, offers 1.25 points per $ on eligible purchases and comes with 2 Qantas Club invitations each cardholder year.

  • 60,000 Qantas Points for new applicants after meeting spend requirements
  • Two free Qantas Club lounge invitations each cardholder year after first spend with Qantas
  • Domestic and International travel insurance, plus a range of purchase protection insurances
  • 1.25 Qantas points earned per $ spent on eligible purchases except for utilities and the ATO
  • 2.25 Qantas points on selected Qantas products and services
  • 0% p.a. on balance transfers for the first 12 months, a one-off credit plan establishment fee of 1% applies - maximum balance transfer is $10,000 or 70% of your approved credit limit, whichever is less
  • $249 p.a. annual fee
  • Spend $1,500 on eligible purchases in the first 3 months of card ownership to trigger bonus
  • Card Members who currently hold or who have previously held any Credit Card product issued by American Express Australia Limited in the preceding 18 month period are ineligible for this offer. Previous and existing bank-issued American Express companion cardholders are eligible for this offer
  • Offer ends: 1st May 2017

Find out more or apply →

Point Hacks earn a maximum of $160 per applicant for this card. More about this →

American Express have increased the bonus for new cardholders of the Qantas Premium card to 60,000 Qantas Points, when you sign up by 1st May 2017 and spend $1,500 on eligible purchases within the first three months of approval.

There’s also 2 Qantas Club invitations each cardholder year included with the card, and the card offers a neat benefit of 2.25 Qantas Points per $ spent on Qantas products and services, and 1.25 Qantas Points per $ everywhere else (except for Government charges).

With a $249 annual fee, this is a useful card for committed Qantas Points earners – the overall earn rate just increased to 1.25 Qantas point per dollar spend on most eligible spend after the recently announced earn rate changes.

Card Details

CardQantas American Express Premium
Loyalty programQantas Frequent Flyer
Points earned from spend2.25 Qantas Points earned per $ on Qantas products and services
1.25 Qantas Points earned per $ on all other spend including Utilities
0.5 Qantas Points earned per $ on government spend and ATO
Points capNone
Travel benefitsTwo free Qantas Lounge passes each year
Included insurancesDomestic and International travel insurance cover, purchase and refund protection
Overseas transaction fee3% of the converted amount
Annual fee$249

You might enjoy our guide to the best uses of Qantas Points here →

Digging into the details of the Qantas American Express Premium card

One of the Qantas Premium card’s biggest benefits, the increased earn rate at Supermarkets and for Fuel, have been removed with the recently announced earn rate changes across the Qantas American Express range. But in return, the overall earn rate was increased to 1.25 Qantas Points per $ on most eligible spend including utility payments, insurance and telecommunications.

The 2.25 Qantas Points per $ earned with Qantas spend is a welcome addition for anyone who spends cash, not just points, with Qantas.

The reduced earn rate of 0.5 Qantas Points per $ applies to government payments such as the ATO, Australia Post, and councils – this is common to most other American Express-issued cards.

For those looking for cards with category bonuses, other American Express cards like the American Express Platinum Edge or David Jones Platinum American Express both earn bonus points at Supermarkets and for Fuel.

The David Jones Platinum card also has a slightly higher annual fee at $299, but will earn 2.25 Qantas Points per $ on Supermarket / Fuel. If you’re gunning for maximum Qantas Points across the board, the Premium could work out a better option with the improved earn rate for all other spending.

The Qantas Premium Card offers a higher base rate of Qantas Point earn than the David Jones card, with 1.25 point per $ on the Premium vs 0.75 points per $ on the David Jones.

Two Qantas Club invitations each cardholder year

The Qantas Club invites can be used at any domestic Qantas Club in Australia, or for international Qantas Business Class lounges such as those in Sydney, Melbourne, Hong Kong, or Singapore.

That group of international lounges would be my pick for maximising the value of the lounge pass, as Hong Kong and Singapore all offer varying degress of on-demand dining and bar-service, and are well designed with good facilities. Unfortunately the passes aren’t usable in the shared Qantas lounge in Los Angeles.

Aim to use the lounge passes where they will be most useful to you. If you have a need to spend a lot of time in a domestic airport, then use them there instead.

The passes will be valid for a year (and have an end date printed on them), and will be offered once you have first spent with Qantas using the card. They don’t need to be used by the cardholder, so can be gifted to others.

Included Insurances

American Express also include a range of travel and purchase protection insurances, including domestic and international travel cover, refund and purchase protection.

The full set of terms and the PDS for these products is here – you’ll need to look through and see if they will be useful to you.

This guide references some of the benefits of insurance policies provided with this credit card.

You should read the PDS and obtain independent professional advice before obtaining this product.

Eligibility criteria for bonus points for existing American Express cardholders

American Express are quite specific about whether existing cardholders will be eligible for bonus points if they apply for a card, are approved, and meet the minimum spend criteria.

Firstly, if you hold a bank-issued American Express – e.g. from Westpac or from ANZ – that alone won’t affect whether you’re eligible for bonus points with an American Express branded card offer. There’s more in our guide to this here.

Previously American Express allowed cardholders of different family types (e.g. Charge, Credit or Business) to be eligible for bonus points offers for cards in a different family. This is now not the case, with this eligibility criteria being redefined to all previous cardholders of any ‘card products’ now being ineligible for bonuses.

Summing up – Qantas American Express Premium

While the bonus points at Supermarkets and for Fuel are now removed from this card, the basic earn rate across all spend was increased including Utilities, Insurance and Telecommunications.

The Qantas lounge invites are a nice addition to the offering, if you or a friend or family member will get good use out of them.

Otherwise, the $249 fee represents similar value to other American Express cards on the market offering this level of points earn and additional benefits, and the current signup bonus makes this a particularly attractive offer.

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Point Hacks Credit Card Information

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We have not taken into consideration your circumstances or financial situation when providing the information on this website. It is important you read the relevant PDS from the product issuer and seek the independent advice of an appropriately qualified professional before making a decision on a product.

Comments Expand Comments

  1. Kurtis

    Hey, we tried to get into the ‘Qantas’ Business lounge in LAX with our Q Club invites and were turned away. It is not operated by Qantas but by One World and therefore they did not accept the complimentary invitation. I would be very careful in advocating something contrary to this as I just checked again and this is still the case at the One World lounge. This was very annoying for us as we wasted a lot of time getting across to the lounge whilst the rest of our flight created large queues at the paid for dining options. Status cards (Gold+ and Q Club Membership) are fully accepted, but not Q Club invitations.

    • Keith Author

      To my knowledge, you have been turned away from that lounge incorrectly. Having seen the lounge invites that come with a range of cards (which should come with the same access rights, but one-time, as for Qantas Club members), from memory the terms are something like ‘access to Domestic Qantas Clubs, and Qantas International Business Class lounges’. I don’t have to hand to quote from.

      From Qantas’ own website, the lounge is explicitly declared the “Los Angeles Tom Bradley – International Business Lounge” with access for Qantas Club members stated as ‘Qantas Club Member: Next onward flight that day must be a Qantas, or Jetstar Airlines+ flight number’.

      If you have been turned away, I would be complaining to Qantas to see what they have to say.

  2. Kurtis

    Hey Kieth, scroll to the bottom of that page and look at the notes. I have copied it in here, I originally spoke with the ANZ black card concierge service when I ordered the lounge passes and they advised me that I could use them at LAX. I was rudely surprised when I couldn’t.
    ‘+ Jetstar refers to Jetstar (JQ), Jetstar Asia (3K) and Valuair (VF).

    A oneworld marketed flight refers to a flight with a oneworld flight number, eg QF1 or AA222. A oneworld operated flight refers to the actual aircraft or ‘metal’ on which you fly, eg Finnair aircraft.

    Note: Complimentary invitations cannot be used in the Los Angeles oneworld lounge.’

  3. What’s annoying here is that this Gold card which has a $249 annual fee, provides better rewards for Supermarkets and Petrol than then Platinum card with a $1,200. Generally, I would have thought Platinum status would provide everything Gold does plus more. The way Amex have structured this doesn’t make sense.

  4. James

    i’m a bit stuck as to which way to go with this one, so I’m putting it out there. I need to make a purchase of around $8,000 USD in accomodation between now and September, with $1,300 due when I book this month.
    What’s the best way to make this purchase so as to meet the minimum spend criteria but not incur any hefty foreign currency exchange? Normally I’d use a QANTAS cash or something similar.

  5. Adam

    Hi Keith! Would someone with a ANZ Frequent Flyer Black card (Qantas 75,000 points) be eligible for the 80,000 points bonus with this card, as the ANZ amex is bank-issued and this one is amex-issued?


  6. Kate

    Hello Keith – I have a bank issued Amex (linked with a MasterCard). Do you know if that makes me ineligible for this card. My reading is that I would still qualify because the Amex I have hasn’t been issued by American Express. I would be interested in your thoughts on this. Thanks!

    • Keith Author

      Yes, Paypal transactions are eligible spend (but don’t be tempted to Paypal yourself – both from a fee POV, and Amex also frown on you doing this)

  7. Belinda

    Do the points go directly to your qff. Or do they go to a seperate place like my anz reward which then 1/2 when I transfer them over?

  8. Charles

    Is this correct, if I have an existing Amex card I can’t apply for this card? If this is the case it seems like an argument for card churn. So much for loyalty!
    PS. I’ve had a basic Amex card forever……….just as back for emergency.

  9. Kevin

    Hi Keith! I’ve just got a few questions surrounding this card:

    If i’m currently not a member of the Qantas Frequent Flyer program do I also have to sign up for this ($90 AU)?
    Do the points earned stay in the QFF account even if I was to cancel the card after 1 year?


    • Keith Author

      Hey Greg – if it’s issued by your company and you didn’t apply for it personally, and you don’t pay it off personally, it should not impact your eligibility for the bonus points.

  10. David

    Hi Keith,
    Great work by the way, do the 80000 points get added to the already existing points on your qantas ff card? And what is the 1% establishment fee? And any other hidden fee’s?
    Thanks heaps

    • Keith Author

      Hey David – yes, you link your existing FF account to this card and the points will get added if you are approved and meet the bonus points eligibility criteria.
      Fees are laid out pretty well on the Amex website, the establishment I believe is in relation to the balance transfer component if you take that up.

  11. Will

    Hi, great website. I just applied today but will get a 5-10 day answer. Will I still be able to get the 80k points if approved?

    Thank you

    • Keith Author

      You actually earn 0.5 points per $ with the ATO, so yes I believe this should be an eligible transaction. Not great value points earn with the ATO fee but if it helps you meet the minimum spend I guess it could work. Might be worth double checking with Amex to be sure.

  12. patricia

    Hi keith, to my knowledge DJ Amex Platinum earns 3 Qantas points per $1 for purch in supermarket & petrol station, while DJ Amex (with $99 Annual fee) earns 2.25 Qantas points per $1 .

    • Keith Author

      Hey Patricia – thanks for the comment, unfortunately both the Platinum and Regular cards have the same earn rate for Supermarkets and Fuel. I wish were the Platinum were higher 🙂

  13. Ken

    Hi, I have applied for this card and received it not long ago – because I like the idea of lounge invites.

    But, I also happened to have booked a QF flight before I applied for this card, but I want to have an invite when I travel for this flight.

    Am I able to get an invite when I spend on ANY Qantas products (Qantas online store) or do I have to have purchased a QF flight using the card to get the invite?

  14. Dylan Smith

    Hi Keith. I have (and love) my Qantas Amex Premium card but want to upgrade. How does an existing card holder go about that?

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