The Qantas American Express Ultimate has a 100,000 bonus Qantas Points on offer. It's one of the highest earning Qantas Point cards and offers a free Qantas domestic flight each year.
- 100,000 Qantas Points for new applicants
- Free domestic flight with Qantas each cardholder year
- Free access to the Sydney Airport American Express lounge twice a 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
- Card Members who currently hold or who have previously held any 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: 2 October 2017
I earn a maximum of $200 per applicant for this card. More about this →
American Express has extended the 100,000 Qantas Points bonus for new cardholders of the Qantas Ultimate until 2 October.
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 their spend on an American Express.
The bonus points will be triggered after spending $1,500 within the first three months of being approved for the card and, as usual, American Express won’t offer bonus points to existing customers (or those who have held a card issued by American Express for the last 18 months). Bank-issued American Express cardholders are eligible for the bonus.
Fly to New Zealand in a private Emirates First Class Suite and back in Business Class for 90,000 Qantas Points
The Qantas American Express 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 better Qantas Points-earning credit cards on the market, with the overall earn rate increased to 1.5 Qantas point per $1.
Digging into the benefits of the Qantas American Express Ultimate credit card
The Qantas American Express Ultimate has increasing competition in the premium credit card market, but still holds its own when it comes to the points and benefits on offer.
|Card||Qantas Ultimate American Express|
|Loyalty program||Qantas Frequent Flyer|
|Points earned from spend||2.5 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
|Travel benefits||Free Qantas domestic flight each year|
|Included insurances||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|
|Overseas transaction fee||3% of the converted amount|
Earning Qantas Points from spend
With the Qantas American Express 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 hundreds 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 Qantas American Express 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.
Another benefit of the Qantas American Express Ultimate card is access to the Sydney American Express airport lounge, including additional guests. American Express will also open a lounge at the Melbourne Airport in the second half of 2017, read more about it here.
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 Ultimate
The Qantas American Express 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.
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