Point Hacks Credit Card Guide

Qantas Ultimate American Express offering 75 Qantas Status Credits to help toward status renewal plus 75,000 bonus Qantas Points

Qantas American Express Ultimate - 75,000 Qantas Points

The Qantas American Express Ultimate has 75,000 bonus Qantas Points and 75 bonus Status Credits on offer. It's one of the highest earning Qantas Point cards and offers a free Qantas domestic flight each year.

  • 75,000 Qantas Points for new applicants, plus 75 Qantas Status Credits (subject to meeting Qantas booking / flight criteria)
  • Free domestic flight with Qantas each cardholder year
  • Travel and purchase protection insurances
  • 1.5 Qantas points earned per $ on eligible purchases including utilities and 0.5 points per $ on government spend
  • 0% p.a. on balance transfers for the first 12 months, with a 1% establishment fee - maximum balance transfer is $10,000 or 70% of your approved credit limit, whichever is less
  • $450 p.a. annual fee
  • Minimum income requirement of $65,000
  • Spend $1,500 on eligible purchases within 3 months of approval to trigger bonus Qantas points
  • Book and travel on a return Qantas flight by 30th September 2017 to receive bonus Status Credits
  • Card Members who currently hold or who have previously held any other Consumer Credit Card product issued by American Express Australia Limited in the preceding 18 month period are ineligible for this offer
  • Offer ends: 1st May 2017

Find out more or apply →

I earn a maximum of $250 per applicant for this card. More about this →

American Express is running another round of bonus offer with the American Express’ Qantas Ultimate, this time with 75,000 bonus Qantas Points and – the first time we have seen this in a credit card offer – an additional 75 Qantas Status Credits.

The bonus points will be triggered after spending $1,500 within the first 3 months of being approved for the card, and the Status Credits when you book and fly a return journey with Qantas by September 30th 2017.

The American Express Qantas Ultimate had some recent changes with the revised points earn rates as part of the range of Qantas American Express cards. While the category bonuses have been removed, it is still one of the best Qantas Points-earning credit card on the market with the overall earn rate increased to 1.5 Qantas point per $1.

The card also offers a free Qantas domestic flight each year. The Qantas Ultimate is targeted at cardholders who want to maximise the Qantas Points earned from an American Express card.

The 75 bonus Qantas Status Credits offer

This is a unique offer – Qantas Status Credits can usually only be earned by flying, and this could be very useful for someone looking to top up their frequent flyer elite status to reach a higher tier.

There are some terms to be aware of with the current offer on the Qantas Ultimate American Express:

  1. You’ll need to apply in the current offer window before 1st May
  2. You’ll need to book and travel on a new Qantas return flight (paid fares only, not points redemption), between 6th March and 11.59pm on 30th September 2017
  3. You have to record your Qantas Frequent Flyer number in the booking at the time of booking the fare
  4. If you change or cancel your flight, or it is completed outside these dates, the offer won’t be triggered
  5. Flights need to be booked directly with Qantas at Qantas.com
  6. The bonus Status Credits could take up to 10 weeks after travel to be credited to your Qantas Frequent Flyer account
  7. The bonus Status Credits won’t trigger a loyalty bonus
  8. The bonus Status Credits won’t contribute towards attaining Platinum One status

So this offer won’t work for anyone with an account renewal date coming up in the next few months, unfortunately, because there is no guarantee as to when they will actually credit your account. However, if you are thinking you would like the boost in Status Credits and the timing of your Qantas Frequent Flyer annual membership renewal is a few months away, and you can book and travel within the timeframes stipulated by the offer, then this offer could work well.

Read more in our guide to Qantas Frequent Flyer status.

The 75,000 Qantas Point bonus is also handy – although not as high as the stellar 100,000 point bonus which ran earlier this year.

Digging into the benefits of the American Express Qantas Ultimate credit card

The American Express Qantas Ultimate has increasing competition in the premium credit card market, but still holds it’s own when it comes to the points and benefits on offer.

Card Details

CardQantas Ultimate American Express
Loyalty programQantas Frequent Flyer
Points earned from spend2.5 Qantas Points per $ spent on selected Qantas products and services
1.5 Qantas Points per $ spent everywhere else
0.5 Qantas points per $ on Government spend
Points capNone
Travel benefitsFree Qantas domestic flight each year
Included insurancesMedical emergency expense cover, travel cancellation cover, baggage/money/documentation cover, transport accident cover and inconvenience insurance (if your flight is delayed) when you pay for travel with the card
Overseas transaction fee3% of the converted amount
Annual fee$450

Earning Qantas Points from spend

With the American Express Qantas Ultimate there is no points cap on what you can earn, and the card will sweep over your points to your Qantas Frequent Flyer account on a monthly basis, as you’d expect.

If you find yourself booking several thousands of dollars in Qantas flights on a regular basis, the 2.5 points per $ on Qantas spend will quickly rack up to boost your Qantas Frequent Flyer balance.

This card is also enabled for American Express ‘Local Champion’ program which allows you to nominate up to 10 specific local retailers at which you earn an extra bonus point per dollar spent. More on this in our guide linked below.

The free Qantas domestic return flight each year

As an Amex Qantas Ultimate cardholder, you are eligible to claim a free Qantas domestic return flight in Economy Class between a range of Australian capital cities for each year you have the card.

The best-value uses of this benefit come from using it on routes which are relatively more expensive, or you may be able to book a flight for someone else and pocket the cash yourself!

Insurances and other benefits

In the travel insurance bucket you’ll get medical emergency expense cover, travel cancellation cover, baggage/money/documentation cover, transport accident cover and inconvenience insurance (if your flight is delayed) when you pay for travel with the card.

You’ll need to dig into the various PDS of these policies if you intend on relying on this cover to make sure they work for 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.

Lounge Access

Another benefit of the American Express Qantas Ultimate Card card is access to the Sydney American Express airport lounge, including additional guests.

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.

If you do already hold an American Express-issued card, then the type you hold impacts whether you’re eligible for a new cardholder bonus. American Express offer consumer (or personal) credit cards, consumer Charge cards, and business credit cards. If you hold a card in one of these categories and apply for a card in the same category, then you won’t be eligible for a bonus.

However if you hold a card in one category and apply for a new card in a different category, then you are eligible for the signup bonus. We’ve explained this in more detail here.

Summary – American Express Qantas Ultimate

The Qantas Ultimate Card has a high annual fee, but offers a high points earn opportunity for the die-hard Qantas Point collector.

The free flight each year is a useful bonus to offset the annual fee, while the overall high earn rate is a fairly lucrative way to quickly rack up your Qantas points.

Jump back up to offer ↑

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. Michael

    Hi Keith,

    You are now also entitled to two entries into The American Express Sydney Airport Lounge per calendar year with this card. The entries may be used by the basic Card Member, Supplementary Card Member or a guest travelling with a Card Member. Complimentary access is available for the Card Member’s children between the ages of 2-17. Not bad.

    • Indeed – I’m visiting the lounge in a couple of weeks with a review in mind. Once thats up, I’ll update all the guides to cards which get complimentary access with some pictures. It’s a decent benefit – kudos to Amex.

  2. Matt

    Looking at the fine print you need to spend with Qantas to get the free flight. It seems like buying from qantasshop.com.au would qualify from the T&C’s – can anyone confirm? Far cheaper to buy a keyring than a flight…

  3. Matthew

    The T&C’s for a free flight state that you must purchase selected Qantas products to qualify:

    “Selected Qantas products and services are: (a) Qantas passenger flights
    with a QF flight number purchased on the Qantas merchant account i.e.
    directly with Qantas or some travel agents or (b) purchases from Qantas
    Travel shops. Excludes: Qantas Holidays, Qantas Freight, Jetstar and
    Qantas branded non-airfare products operated by third parties e.g. Qantas
    Box Office.”

    Not sure a key ring will cut it…!

  4. Mark

    Good point – what exactly is spend at ‘Qantas
    Travel shops’ – and what is the minimum spend to get the flights? Anyone know this one?

  5. I’m still a little confused about the sign up eligibility.
    I hold an Commonwealth Platinum Awards American Express card.
    Does this mean I am eligible for the American Express Qantas ultimate?

    • Keith Author

      Yes, you’d be eligible for the bonus points – have to be specific about that, Amex still have to assess your credit-worthiness for the card when you apply, but if you don’t hold another personal Amex-issued American Express then you’ll be eligible for the bonus that comes with it if you are approved.

  6. Beerad

    One aspect that has not been mentioned, and that I cannot find on the terms and conditions is regarding a cancellation fee. If, after say, 11 months, I decide that I do not want to use the card anymore, is there a cancellation fee? Does anyone know the answer?

    • Keith Author

      In short, we believe the list is…

      But no guarantees on any of the above, that’s all from anecdotal reports – any of those might trigger the Qantas-related component of the signup bonus / the flight.

  7. Tom

    Any updates on this Keith for what will trigger it?

    Qantas Flights
    Qantas Gift Vouchers ($50 minimum)
    Qantas Epiqure purchases
    Qantas Carbon Offsets (make sure you do $1 or more) – http://www.qantasfutureplanet.com.au
    But no guarantees on any of the above, that’s all from anecdotal reports – any of those might trigger the Qantas-related component of the signup bonus / the flight.

    If the Carbon off is correct this may be the cheapest work around if it works?

    • Keith Author

      I don’t have the card so can’t personally test it, but have heard from others who have used the Qantas Future Planet option – and which has worked for them to trigger the bonus. Carbon offsets can be done for less than $1, but would suggest a transaction with more than that to ensure it credits as a points earning transaction.

  8. Keith Author

    Hey Laura – usually the points will show up in your Amex points statement online immediately after the transaction that takes you over the $1500 clears, and then will hit your FF account in the next monthly sweep. Are you an existing cardholder of another card? You probably wouldn’t get the bonus if so.

  9. Hi Laura and others, just to confirm, by using the ‘Carbon Off-set’ method as described above, my free flight and the bonus 2,500 became available to me with this method.
    I did this on the most recent Saturday and the statement on my account showed up on the Monday:
    QANTAS AUSTRALIA AUSTRALIA $11.21 22 2,511 2,533
    – Qantas First Spend Bonus 0 2,500
    – Qantas Airlines 0 11
    – Call 1800507104 to redeem your QF flight

    As you can see, my offset was $11, which was for a planned flight im taking to Tokyo (with points naturally), it is more than I probably needed to spend, but I genuinely am interested in offsetting my carbon footprint…

    So, from my single example, this appears to work nicely.

    All the best,
    Dave

  10. Con

    Hi Keith,
    You mentioned a while back that you believe that a Qantas points top-up purchase qualifies as the free flight trigger.
    Can you confirm this?

  11. Con

    Hello again Keith,
    Another related question concerning the free flight trigger – can you confirm that purchase of a Qantas Gift Certificate would qualify?

    Cheers, Con

  12. Ben

    Definitely keen to take up this offer (or the Explorer card) as the Amex on my ANZ card is about to go soon.

    This might be a stupid question but do you have to have a qualifying Qantas spend every single year to get the free annual flight or is it just a one-off once you first get the card?

    Looking at the comments above there is still some uncertainty over the options available to activate the free flight as well.

    Any advice on all this is greatly appreciated.

    • Keith Author

      The spend is required annually. In terms of options, a Qantas flight is outlined in the terms and conditions. Other options might work, but no guarantees – they could stop working at any time. Qantas Gift Vouchers are another easy one, along with Qantas Carbon Offsets, that we have heard may work.

  13. David

    Hi Keith,

    I hold an American Express Velocity Platinum card.

    I read your rundown on whether or not I am eligible for bonus points + status credits, but I am still confused.

    Would I be eligible?

Links to this article

  1. American Express Velocity Platinum & Velocity Escape Guide
  2. American Express Sydney Lounge review & the eligible cards

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