Point Hacks Credit Card Guide

Point Hacks exclusive: 130,000 Qantas Points with the American Express Qantas Business Rewards Card

American Express are offering a Point Hacks exclusive 130,000 Qantas Points bonus for new Card Members of the American Express Qantas Business Rewards Card until 31 May 2019*.

The card is targeted at smaller business owners, looking for a Charge card (meaning no caps on spending each month, as long as you pay the monthly bill in full) with the ability to earn Qantas Points, and boost the Qantas Points they can earn from their business travel with Qantas.

Qantas Points earned on the card are credited to a business’ Qantas Business Rewards account rather than a Qantas Frequent Flyer account, which gives businesses increased flexibility in how they can redeem Qantas Points earned from spend on the card – Qantas Business Rewards allows business owners to transfer Qantas Points to any Qantas Frequent Flyer member. Free Qantas Business Rewards membership is also included with the card (usually $89.50).

The Qantas Business Rewards charge card offers a variety of travel benefits such as two complimentary domestic Qantas Club Lounge passes+, and business-friendly features such as travel inconvenience cover and the ability to monitor expenditure.

A minimum spend of $3,000 within the first 2 months of becoming a Card Member is required to receive the bonus*.

Qantas Business Rewards allows small business owners to use their points with more flexibility

The key benefit of using Qantas Business Rewards as the loyalty program linked to the card is that the program allows you to earn Qantas Points into your Qantas Business Rewards account.

Qantas Points in the Qantas Business Rewards account can then be transferred to any individual Qantas Frequent Flyer account.

Which means the Qantas Points aren’t locked into a single frequent flyer account and offers an easy way to distribute points to staff members as additional rewards, incentives or for multiple company executives to redeem the business’ Qantas Points for flights or upgrades.

This is a big difference for small business owners, compared to using a card linked to an individual frequent flyer account.

Card Details

CardAmerican Express Qantas Business Rewards Card
Loyalty ProgramQantas Business Rewards
Points earned from spend^2 Qantas Points per $1 spent on Qantas products and services (uncapped)
1.25 Qantas Points per $1 spent everywhere else (uncapped)
0.5 Qantas Points per $1 spent on utilities, insurances and government bodies (uncapped)
Included InsurancesComplimentary domestic and international travel insurance
Overseas transaction fee3% of the converted amount
Annual fee$450 p.a. (tax-deductible)

Earning Points with American Express Qantas Business Rewards Card

As mentioned before, this card earns Qantas Points into a Qantas Business Rewards account. This means there are a number of advantages for business owners vs earning points into a personal Qantas Frequent Flyer account, which we get into later in this guide.

Uniquely, there are additional Qantas Points for flights booked on the card, with triple the Qantas Points earned in addition to the 2 Qantas Points per $1 spent.

The full set of points earn rates with the card are summarised as follows:

  • 2 Qantas Points per $1 spent on Qantas products in Australia (uncapped)^
  • 1.25 Qantas Points per $1 spent on all other purchases, except those listed in 0.5 points category (uncapped)^
  • 0.5 Qantas Points per $1 spent on utilities, insurance providers (with the exception of American Express) and government bodies, which includes the ATO (uncapped)^
  • Triple Qantas Points for your business on eligible Qantas flights – this is on top of the 2 Qantas Points per $1 earn rate on Qantas products#

The earn rate for Card Members varies based on the purchase – most transactions will yield 1.25 Qantas Points per dollar.

In addition, purchases of Qantas products – such as Qantas passenger flights (with a QF flight number) purchased directly from Qantas, Qantas Frequent Flyer and Qantas Club membership joining and annual fees, and accommodation booked through Qantas – will all earn 2 Qantas Points per $1 spent. Note that spend with Jetstar is excluded from the bonus.

Qantas Business Rewards offers additional points for flights taken by members in the account based on distance – the points earned are based on the number of points that would be earned by a Bronze status Frequent Flyer member for the flight (regardless of the actual status of the passenger), and a multiplier of between 20% – 40% depending on your Qantas Business Rewards Membership level.

Our full guide to Qantas Business Rewards explains this in more detail, but in short there are a number of different levels as you advance through the program based on how many points you earn from flying.

This means points earned from flights will count towards your Qantas Business Rewards membership level, meaning Card Members who fly with Qantas are going to earn even more points. Higher membership levels in Qantas Business Rewards are going to be easier to attain given the additional earning power of the card.

So, summing up – for an eligible Qantas flight, a Qantas Business Rewards American Express Card Members would earn:

  • The usual number of Qantas Points into their personal Qantas Frequent Flyer account for the flight
  • Plus 2 Qantas Points per $1 spent when using the card
  • Plus triple the number of Qantas Points according to their Qantas Business Rewards membership level, which equates to an additional 60%, 90% or 120% of the Qantas Points earned by the individual Qantas Frequent Flyer member, with these earned into the business’ Qantas Business Rewards account.

Eligibility criteria for the American Express Qantas Business Rewards Card

To be eligible for the American Express Qantas Business Rewards Card, you must meet the following criteria:

  • Business owner with valid ABN – Sole Trader, Company or Trust
  • 18 years or over
  • Australian citizen or a permanent resident
  • Annual business revenue of $24,000 or more
  • Have no history of bad debt or payment default

The American Express Qantas Business Rewards Card comes with a tax deductable annual fee of $450, which may be tax deductible if the card is used solely for business purposes. However, given the tax implications, you should double-check with your accountant or tax advisor.

Other benefits of the American Express Qantas Business Rewards Card

The American Express Qantas Business Rewards Card is a Charge card, meaning that there is no pre-set spend limit. In return, you have to pay your balance in full every month otherwise fees and other penalties may apply.

Up to 99 additional Card Members free of charge

You can boost your Card points balance and simplify employee expense management by adding employees to your Account. The Card offers up to 99 Supplementary Card Members for no extra fee.

You can check the balance of the Supplementary Card anytime via your online account and the spend are also clearly stated on your Card statement.

Travel Inconvenience Cover

The American Express Qantas Business Rewards Card comes with Travel Inconvenience Cover, which will cover you for flight delays, missed connections or delayed luggage when the trip is purchased with the card. Full terms and conditions for this insurance can be found here

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

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

Keeping track of business spending

To assist with keeping track of the business’s financial performance and spending, The American Express Qantas Business Rewards Card allows for transaction details to be downloaded in a variety of file formats including Quicken, QuickBooks, Microsoft Money, QIF and CSV.

If you are enrolled with MYOB, you can also automate the Card transactions data to your MYOB account.

American Express Apple Pay & Android Pay support

American Express cards support both Apple Pay & Android Pay, meaning you can use this Card on your smartphone for easier payments. Find out more in our guides for each of the compatible services.

Point Hacks exclusive: 130,000 Qantas Points with the American Express Qantas Business Rewards Card was last modified: May 9th, 2019 by Daniel Sciberras

Eligibility criteria for bonus points for existing American Express Card Members

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

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.

American Express don’t allow existing Card Members, even for different types of American Express cards (e.g. Charge, Credit or Business) to be eligible for bonus points offers for cards in a different family.

Point Hacks exclusive: 130,000 Qantas Points with the American Express Qantas Business Rewards Card was last modified: May 9th, 2019 by Daniel Sciberras

Summing Up – American Express Qantas Business Rewards Card

Overall, this is a card well worth considering by business owners looking for more Qantas Points from their business spend, even more so given the link to Qantas Business Rewards offering more flexibility in how business owners can direct their points when they want to redeem them.

It would work especially well if the business’s primary travel spend and patterns are with Qantas and paid for by the business directly.

It will also appeal to those looking at the benefits of a charge card, with no pre-set spend limit meaning businesses can put through larger transactions on their Card and earn points at a rate of $1 = 1.25 Qantas Points.

The Qantas Business Rewards card may have a relatively high annual fee, but don’t forget it can be a tax-deductible expense. The card also has good points earn rates and no points capping on card business spend, which can offer value for those looking to earn Qantas Points through their business’ everyday spending and travel.


American Express & Qantas Business Rewards Disclaimers

^ 3E. A business must be a Qantas Business Rewards Member to earn Qantas Points for business. Membership and the earning of Qantas Points as a business are subject to the Qantas Business Rewards Terms and Conditions. Points are earned in accordance with and subject to the American Express Qantas Business Rewards Card Points Terms and Conditions. Your business will earn 1.25 Qantas Points per $1 of everyday spend, which does not include annual fees, late payment fee and fees and charges for foreign currencies. Your business will earn 0.5 Qantas Points per $1 spent at participating merchants classified as “utilities” including gas, water and electricity providers; “government” including the Australian Taxation Office, the Australian Postal Corporation, federal/state and local government bodies; and “insurance” excluding insurances offered by American Express. Your business will earn 2 Qantas Points per $1 spent on the following Qantas Products and Services purchased on the Qantas merchant account (i.e. directly from Qantas): Qantas passenger flights (with a QF flight number), Qantas Holidays, Qantas Branded non-airfare products, and Qantas Frequent Flyer and Qantas Club membership joining and annual fees. Excludes Jetstar. For the full list of exclusions, please refer to the American Express Qantas Business Rewards Card Points Terms and Conditions.

# 4E. A Client must be a Qantas Business Rewards Program member to earn TRIPLE Qantas Points for business. The TRIPLE Qantas Points for business Benefit is available only for an American Express Qantas Business Rewards Card Member when the Card is used to make an eligible Qantas flight booking, as per the eligibility defined at qantasbusinessrewards.com/terms A one-off joining fee of $89.50 usually applies, however this will be waived for any business that has an existing American Express Qantas Business Rewards Card. A Member’s ABN and traveller’s Qantas Frequent Flyer number must be quoted at the time of booking to earn Qantas Points for both the business and the traveller. Qantas will allocate TRIPLE the number of Qantas Points which will be awarded to the business under the Qantas Business Rewards Airline Reward Scheme Terms and Conditions available at qantasbusinessrewards.com/terms#airlineterms Qantas Points earning thresholds apply as per the TRIPLE Qantas Points for business benefit Terms and Conditions at amex.com.au/qantaspa Membership of Qantas Business Rewards and the earning of Qantas Points as a business are subject to the Qantas Business Rewards Terms and Conditions available at qantasbusinessrewards.com/terms

+ 5E. Provided you are a Qantas Frequent Flyer member and have registered your Qantas Frequent Flyer number with your American Express Qantas Business Rewards Card, you are eligible to receive two Qantas Club Lounge Invitations each anniversary year of your Card Membership once you make an Eligible Qantas Purchase on your American Express Card during that year. Eligible Qantas Purchases are Qantas passenger airfares with a QF flight number purchased directly from Qantas Australia by you (or on your behalf by a travel agent) that appear on your Card statement, Qantas Frequent Flyer, Qantas Business Rewards or Qantas Club membership, joining or annual fees. Excludes purchases from Jetstar. Within 1-2 weeks of the Eligible Qantas Purchase, two Qantas Club Lounge Invitations will be assigned to your Qantas Frequent Flyer account. Visit the Complimentary Invitations Portal to access your invitation, link it with an eligible Qantas flight booking or find out more information. Qantas Club Lounge Invitations are valid for a single visit by one guest to a Qantas Club Lounge and must be used prior to their expiry. Invitations are subject to the Qantas Club Terms and Conditions and are not valid for Qantas International First Class Lounges, the Qantas Chairman’s Lounge, Qantas Domestic Business and or oneworld® alliance partner or associated lounges. Qantas Club Invitations cannot be carried forward to any subsequent year and must not be sold, they may only be transferred as allowed by Qantas. Invitations may be revoked or withheld if your American Express Qantas Business Rewards Card account is not in good standing, if the Eligible Qantas Purchase is refunded in full or if you have not complied with these Qantas Club Invitation Conditions, the Credit Card Terms and Conditions or the Qantas Club Lounge Access Terms and Conditions.

* 6E. Offer only available to new American Express Card Members who apply by 31st May 2019, are approved and spend $3,000 on their new Card in the first 2 months from the Card approval date. Card Members who currently hold or who have previously held any other Card product issued by American Express Australia Limited in the preceding 18 month period are ineligible for this offer. 120,000 bonus Qantas Points will be awarded to the eligible Card Member’s Account 8-10 weeks after the spend criteria has been met. This advertised offer is not applicable or valid in conjunction with any other advertised or promotional offer. Subject to the American Express Qantas Business Rewards Card Points Terms and Conditions.

Point Hacks exclusive: 130,000 Qantas Points with the American Express Qantas Business Rewards Card was last modified: May 9th, 2019 by Daniel Sciberras

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Comments

  1. gianni marion

    hi daniel
    can you please clarify the criteria for this business card as the Amex website states min revenue is $75k, not $24k as stated in this article, and also needs to be GST registered.
    regards
    gianni

  2. Benji

    Based on the current offer (130k Qantas points), does anyone actually find value in applying for this card?

    Although you get the 130k points, the annual fee of $450 and no travel credit or lounge passes provided to offset the annual fee really negates the value for me to keep it passed the first year.
    Being a small business owner, it would take a lot of spending (with places that actually accept amex) to even get enough points to offset the annual fee.

    I might see larger business with expenses worth $100,000’s + seeing value, though then other non-amex cards exist on the market with lower annual fees (or waived if have home loan with the financial institution) and better incentives (e.g. ANZ Qantas Black CC).

    • Daniel Sciberras Author

      Hi Benji

      Generally speaking, business cards such as this one forgo the travel credit that you might find on a personal card as they offer other ‘business specific’ benefits, such as complimentary additional cardholders that exceed what you get on a personal card and automatic feeds into accounting packages to name a few.

      Again, whether this provides value to you is based on your specific business requirements.

  3. nathsteeley

    How would a charge card affect my credit rating compared to a credit card?
    Also, an insurance policy of mine was defaulted 18 months ago due to a replacement card being issued and me forgetting to update my credit card debit details… How would that affect my application? (FYI that credit card was recently paid off & cancelled)
    Cheers

  4. Dan

    Has anyone done the maths on whether it is worth paying ATO bills using this card when the points are .5 QANTAS point per dollar and Amex fee from ATO is 1.45%?

    • Benji

      Well lets use an example of you having to pay $20,000 ATO bill.
      – $20,000 (@ 0.5 points per dollar spent) = 10000 points
      – 1.45% of $20,000 = $290

      Therefore in this scenario, you are paying $290 for 10,000 QFF points.
      You are essentially paying 2.9c per point, which in my opinion is very poor value.

      If you were a few points short of your dream redemption, then you might find value, though in general I wouldn’t use this method as a way to accumulate points.

      Disclaimer: What I have noted about is just my opinion (based on the facts/figures provided), and is not in any way a recommendation on what you should do with your point collection strategy. You should perform your own due diligence (or seek professional advice) before taking any action.

      • Daniel Sciberras Author

        Hi Benji

        Thanks for your reply. This is a reasonable way to look at it and as you correctly highlighted, the value will be subject on your specific circumstance and objective.

  5. macca

    Where can I find details on the requirement for new members to “spend $3,000 on their new Card in the first 2 months from the Card approval date …” I can’t see this in writing in any of the 3 terms and conditions brochures, or list of FAQs shown for this card on the AMEX website.

  6. Chris Thomas

    I hold an AMEX card in my own right
    If I apply in the name of my Pty Ltd Company of which I am a director am I excluded ??

    • Steven [mod]

      Hi Chris,

      As far as we know, Amex assess small business cards against the individual applying even though the application looks at the company as well. This means holding any Amex-issued card product in the preceding 18-month period will rule you out for this bonus offer.

      It’s probably best to give Amex a call to confirm this.

  7. Luciana

    Hi Keith
    Thanks for the post.
    This would be a great card for me but I got the DJ’s card this year. Would I be eligible for the points?
    Thanks Luciana

  8. Woot

    Its weird how they dont allow bonus points for non-business amex holders. This isn’t the practice for other business cc providers.

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