The Qantas American Express Ultimate has 100,000 bonus Qantas Points on offer plus another 2,500 after spending with Qantas. It's one of the highest earning Qantas Point cards with bonus points in specific spend categories, and offers a free Qantas domestic flight each year.
- 100,000 Qantas Points for new applicants, plus 2,500 bonus Qantas Points on first spend with Qantas
- Free domestic flight with Qantas each cardholder year
- Travel and purchase protection insurances
- 3 Qantas points earned per $ spent at restaurants and with Qantas, 2 points earned per $ on travel and overseas spend, and 1 point per $ everywhere else except for utilities and the ATO
- 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
- 5,000 bonus points after first purchase, 95,000 bonus points after $1,500 minimum spend in 3 months, additional bonus of 2,500 points after first spend with Qantas
- 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: 30th January 2017
I earn a maximum of $250 per applicant for this card. More about this →
The American Express’ Qantas Ultimate now comes with an increased sign up bonus of 100,000 Qantas Points until 30th January, with an annual fee of $450.
The first 5,000 Qantas Point bonus comes after your first transaction on the card, with another 95,000 Qantas Points after spending $1,500 within the first 3 months of being approved for the card, and finally, another 2,500 Qantas Points after your first spend with Qantas for a total of 102,500 bonus Qantas Points.
Beyond just offering a bonus for new cardholders, the American Express Qantas Ultimate is one of the only Qantas Point credit cards on the market that offer category specific bonuses on spend – with 3 points per dollar on offer at restaurants, 2 on overseas and travel transactions.
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.
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||Qantas Ultimate American Express|
|Loyalty program||Qantas Frequent Flyer|
|Points earned from spend||3 Qantas Points per $ spent at restaurants and with Qantas
2 Qantas Points per $ with airlines, accommodation and travel agencies
2 Qantas Points per $ on non-AUD transactions
1 Qantas Point per $ spent everywhere else, except for Utilities and the ATO
|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 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. These earn rates mirror the high-end American Express Platinum Charge card for Membership Rewards points, but at 1/3 of the annual fee for that card.
The category bonuses on offer don’t work for everyone’s personal spend patterns, but if they work for yours and you’re looking for Qantas Points, then this card may be a good earner.
A small number of other American Express cards on the market (such as Westpac Altitude Black at 1.5 Qantas Points per $ spent) manage to beat Qantas Ultimate in terms of the points earn rate outside of the category bonuses – but if you spend frequently within these categories that could quickly make up for the difference.
If you find yourself booking several thousands of dollars in Qantas flights on a regular basis, the 3 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.
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 bonus points on spend categories can be a fairly lucrative way to boost your points balances if they match your spending habits.
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