American Express are offering 30,000 bonus Qantas Points for new cardholders of the Qantas Premium card who sign up and spend $3,000 on eligible purchases within the first three months of approval.
There’s also 2 Qantas Club invitations each cardholder year and complimentary Qantas Wine Premium Membership included with the card, and the card offers a neat benefit of 2 Qantas Points per $ spent on Qantas products and services, and 1 Qantas Points per $ everywhere else (except for Government charges).
With a $249 annual fee, this is a useful card for committed Qantas Points earners.
Note that American Express is adjusting both earn rates and points transfer rates for most cards effective 15 April 2019. Here is our take on the changes and further information from American Express.
How you could use the bonus points from this card
All redemption figures shown are examples only and exclude accompanying taxes and fees. Points redemption price data is provided by a third-party, so inaccuracies may be present. Please check with the airline directly for a complete and accurate total redemption cost.
|Card||Qantas American Express Premium|
|Loyalty program||Qantas Frequent Flyer|
|Points earned from spend||1 Qantas points earned per $1 spent on eligible purchases|
1 additional Qantas Point per $1 on selected Qantas products and services in Australia
0.5 Qantas Points per $1 spent at government bodies in Australia
Until 14 April 2019, earn an additional 0.25 Qantas Points per $1 on purchases, except for spend at government bodies in Australia
|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 is the solid earn rate of 1 Qantas Point per $1 on most eligible spend including utility payments, insurance and telecommunications.
The 2 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 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.
New: Complimentary Qantas Wine Premium membership
Worth $99 a year, a premium membership to Qantas Wine, food & champagne portal gives you a bonus 3 points per $ spent as well as free delivery.
Plus, paying for these purchases with this Qantas-branded card will earn you a total of 4 points per $ spent on Qantas Wine products (3 points as an Qantas Wine Premium member + 1 points for regular spend on this 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 card.
You should read the PDS and obtain independent professional advice before obtaining this product.
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.
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.
If you hold a bank-issued American Express – such as from Westpac, Commonwealth Bank or NAB – that 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.
However American Express don’t allow existing cardholders, 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.
Summing up – Qantas American Express Premium
The Qantas lounge invites and Qantas Wine Premium Membership are nice additions 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 an attractive offer.
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