The Qantas American Express Premium Card is offering 80,000 bonus Qantas Points plus $200 back for new Card Members who apply online by 2 February 2021 and spend at least $3,000 on eligible purchases within the first three months of approval.
The current bonus is more than double the usual signup offer and the statement credit makes it an even more compelling offer.
Note that new Card Members means those that do not currently hold or who have previously held any Card product issued by American Express Australia Limited in the preceding 18 month period.
For day-to-day spending, earn 2 Qantas Points per dollar spent on Qantas products and services, and 1 Qantas Point per dollar everywhere else (except at government bodies which is 0.5 Qantas point per dollar).
With a $249 ongoing annual fee, the Qantas American Express Premium Card is a useful tool for the committed Qantas Points earners.
How you could use the bonus points from this card
All redemption figures above exclude any accompanying taxes, fees and charges. Points redemption price data is provided by a third-party. For an exact total redemption cost, please consult with the airline directly.
Disclaimer: These are example redemptions only and due to COVID-19 travel restrictions, some of these routes may not be currently available.
Details of the Qantas American Express Premium card
|Card||Qantas American Express Premium Card|
|Loyalty program||Qantas Frequent Flyer|
|Points earned from spend||1 Qantas Point 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
|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|
|Minimum income requirement||$40,000 p.a.|
|Annual fee||$249 p.a. ongoing|
Earning points with the Qantas American Express Premium card
One of the Qantas American Express Premium Card’s biggest benefits is the solid earn rate of 1 Qantas Point per dollar spent on most eligible spend including utility payments, insurance and telecommunications.
This is higher than most comparable Visa and Mastercards on the market, which typically earn up to 0.75 Qantas points per dollar instead.
The extra point per dollar with Qantas spend is a welcome addition for anyone who spends cash, not just points, with booking flights through Qantas. A $600 flight could earn you 1,200 Qantas Points just from the purchase itself (and you could get more points from the flight itself later).
The reduced earn rate of 0.5 Qantas Points per dollar applies to government payments such as the ATO, Australia Post, and councils — this is common to most other American Express-issued cards. It’s still better than many other cards which don’t earn any points on government charges
To help you set goals with building your Qantas Points balance, learn about our best uses of Qantas Points here.
Two Qantas Club invitations each Card Member 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, London and Singapore. Note that only select lounges in Australia are open during the COVID-19 outbreak.
When international travel opens up, these Qantas Club passes are best used in Hong Kong, Singapore or London. These well-designed lounges offer varying degrees of on-demand dining, bar service and good facilities.
Aim to use the lounge invitations where they will be most useful to you. If you can’t get overseas in the next year or so, then use them at domestic Qantas Lounges instead.
The Qantas American Express Premium Card issues digital lounge passes, usually valid for a year. These can be accessed via the Complimentary Invitations Portal once you have first spent with Qantas (e.g. booked a flight) using the card.
Complimentary Qantas Wine Premium membership
Worth $99 a year, premium membership to Qantas Wine gives you 3 Qantas Points per dollar spent as well as free delivery. This is on top of the Qantas Points earned when using a card like the Qantas American Express Premium Card.
Paying for Qantas Wine purchases with this Qantas-branded card will net you a total of 4 points per dollar spent on Qantas Wine products, which is the 3 points from Qantas Wine and 1 point from your card.
Qantas Wine often offers thousands of bonus points on bundles, which tend to credit to your account fairly quickly. This could be a good way to top-up your points balance while getting a case of wine on the side!
American Express Plan It
American Express launched ‘Plan It’ in mid-2020, which allows cardholders to create instalment plans that allow for equal payments to be distributed over a 3, 6 or 12 month payment period. There is a monthly fixed fee to access this feature, with up to 10 Plan It plans with a minimum of $150 balance able to be created.
Bundled travel and purchase insurances
The American Express Qantas Premium Card also includes a range of travel and purchase protection insurances designed to offer you great peace of mind when you use your card. These have no additional cost, and include:
- Purchase protection: covering stolen or damaged items
- Refund protection: covering when a store refuses a return
- Domestic and international travel insurance: includes medical expenses, travel cancellation, damage to baggage and more
The full set of terms and the PDS for these products is here [PDF] — you’ll need to look through and see how to be eligible for each cover and if it 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.
Unparalleled mobile wallet integration
American Express cards support Apple Pay, Google Pay and Samsung Pay, meaning you can use this card on your smartphone for easier payments.
With this feature set up, it means you could still use your NFC-enabled phone to make purchases with your American Express account, even if your physical card is lost or stolen and pending replacement.
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.
The Qantas American Express Premium Card offers a high earning rate and generous inclusions, especially when compared to other cards that share a similar annual fee.
If we had to pick a downside of the Qantas American Express Premium Card, it would be that it doesn’t offer ‘category bonuses’ like the American Express Platinum Edge or David Jones Platinum American Express, which earns even more bonus points at the supermarket and fuel bowser.
However, the Qantas Lounge invites and Qantas Wine Premium Membership are nice additions to have. While the lounge passes might be harder to use during the COVID-19 travel period, domestic Qantas lounges are gradually re-opening.
Add to that the included travel and purchase insurances, other American Express-exclusive perks such as year-round discount offers and the recurring Shop Small promotion — you’ve got yourself an attractive card package.
Frequently asked questions
You are issued the two complimentary lounge passes after your first Qantas spent on that card. Read our guide on how to use those passes.
The most exclusive American Express card is probably the invite-only Centurion card, which is rumoured to have a $5,000 ‘initiation fee’ and a $5,000 annual fee.
The criteria to be invited for an American Express Centurion Card is also under wraps but generally involves having a high level of monthly spend on existing American Express cards.
Australian American Express cards come in various tiers, starting with zero annual fee cards with limited benefits, such as the Qantas Discovery Card. Next are Gold-level cards such as the Qantas Premium Card, then Platinum-level cards such as the Qantas Ultimate Card.
We can’t answer that question for you, but browse our selection of American Express cards to see what’s the best fit for you, with a range of annual fees, bonus point offers ad benefits.
From time to time, American Express may send out personalised offers to Card Members. Otherwise, you could contact Amex or log in through your account to see if you’re eligible to change to a higher-tier card.