The Qantas American Express Premium card has 30,000 bonus Qantas Points, offers 1.25 points per $ on eligible purchases and comes with 2 Qantas Club invitations each cardholder year.
- 30,000 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 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
Point Hacks earn a maximum of $160 per applicant for this card. More about this →
American Express have reverted the bonus for new cardholders of the Qantas Premium card back to 30,000 Qantas Points, when you sign up 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||Qantas American Express Premium|
|Loyalty program||Qantas Frequent Flyer|
|Points earned from spend||2.25 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
|Travel benefits||Two free Qantas Lounge passes each year|
|Included insurances||Domestic and International travel insurance cover, purchase and refund protection|
|Overseas transaction fee||3% of the converted amount|
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 invitations, as Hong Kong and Singapore all offer varying degrees of on-demand dining and bar-service, and are well designed with good facilities. Unfortunately the invitations aren’t usable in the shared Qantas lounge in Los Angeles.
Aim to use the lounge invitations 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.
Amex have transitioned to digital lounge invitations for the Qantas Premium Card, which are valid for a year and can be accessed via the Complimentary Invitations Portal once you have first spent with Qantas using the card.
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 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.
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 Card Members 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 Card Members 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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