Qantas American Express Ultimate Card

The Qantas American Express Ultimate Card is packed with frequent flyer benefits, offering 100,000 bonus Qantas Points when you apply online by 18 March 2025 and spend $5,000 on eligible purchases within the first 3 months. To put this into perspective, these points could get you a return economy flight from Melbourne to Los Angeles (83,800 Qantas Points + fees & taxes) or a return business class flight from Sydney to Perth (83,000 points + fees & taxes). This card boasts one of the highest earn rates on the market, providing 1.25 Qantas Points per $1 on everyday eligible spending and an additional 1 Qantas Point per $1 on Qantas products and services—reaching up to 2.25 points per $1. After 100,000 points per year, the earn rate reduces to 1 point per $1, which remains competitive among Qantas credit cards. Additional perks include lounge passes, complimentary travel insurance, and an annual $450 Qantas Travel Credit. However, with a relatively high annual fee and purchase interest rate, it's best suited for those who can maximize these rewards and benefits.

Bonus Point

Interest Rates

100000

23.99

Reward Point

1.25

Annual fee

$450

Pros.

100,000 Bonus Qantas Points
Earn up to 2.25 Qantas Points per $1 on eligible purchases in Australia, with no cap
$450 Qantas Travel Credit annually
2 Complimentary Qantas Club Lounge Invitations per year
Complimentary Travel Insurance

Cons.

High Annual Fee of $450
Elevated Purchase Interest Rate of 23.99% p.a.
3% Foreign Currency Conversion Fee on international transactions
Limited Interest-Free Period of up to 44 days, whereas some cards offer up to 55 days

The Qantas American Express Ultimate Card boasts the highest earn rate among Qantas-earning credit cards, offering 1.25 Qantas Points per $1 on eligible purchases—meaning a $100 spend earns 125 points. New cardholders can also benefit from a generous bonus points offer.

To maximize the value of this card, it's essential to take advantage of its additional travel perks. While the $450 annual fee is higher compared to other frequent flyer credit cards, it can be offset by the included $450 Qantas Travel Credit.

However, the travel credit must be redeemed through the Amex Travel website, with specific terms and conditions—such as being valid for a single booking and requiring a minimum spend of $450. Additional benefits include 2 complimentary Qantas Club lounge invitations, 2 Centurion lounge invitations per year, complimentary travel insurance, and a complimentary Qantas Wine Premium membership.

Details

Product Details

Product Name

Qantas American Express Ultimate Card

Balance transfer rate p.a.

N/A

Balance transfer limit

N/A

Purchase rate p.a.

23.99 Interest-free days

Up to 44 days on purchases

Cash advance rate p.a.

N/A

Min credit limit

$3,000

Card type

American Express

Fees & Charges

Annual fee

$450

Minimum monthly repayment

N/A

Late payment fee

$30

Foreign currency conversion fee

Foreign currency conversion fee 3%

Cash advance fee

N/A

Overseas cash advance fee

N/A

Additional cardholder fee

Number of additional cardholders

4 Eligibility

Available to temporary residents

Yes with conditions

Minimum income

N/A

Joint application

Rewards

Rewards program

1.25 Bonus points

100000

Rewards points per $ spent

1.25 Rewards points cap

Uncapped

How to Apply

If you've compared your options and decided that the Qantas American Express Ultimate Card is the right choice for you, you can apply online in approximately 10 minutes and may receive a response within 60 seconds. Before applying, ensure you meet the eligibility criteria and have the necessary documents ready to complete your application.

Eligibility Criteria

New Cardholder – This bonus points offer is only available if you haven't held another American Express-issued card in the past 18 months.
Residency – Applicants must be Australian citizens, permanent residents, or hold a long-term visa (valid for at least 12 months). Student visas are not eligible.
Age – You must be at least 18 years old.
Credit History – A good credit history is required, with no past defaults or bad debts. If you're unsure about your credit score, you can obtain a free credit report through Finder.

Required Documents

Personal Information – Full name, email address, date of birth, driver's licence number, marital status, number of dependents, and contact number.
Frequent Flyer Details – Your Qantas Frequent Flyer number is required to earn points with this card. If you're not yet a member, check out ways to join for free.
Employment Information – Current employment status, job title, and employer's contact details. You may also need to provide recent payslips, a tax return, or accountant details if self-employed.
Financial Details – Information on your savings, shares, or other assets, along with details of existing debts, credit accounts, and estimates of your regular household expenses.

Card benefits

Eligibility Criteria

New Cardholder – This bonus points offer is only available if you haven't held another American Express-issued card in the past 18 months.
Residency – Applicants must be Australian citizens, permanent residents, or hold a long-term visa (valid for at least 12 months). Student visas are not eligible.
Age – You must be at least 18 years old.
Credit History – A good credit history is required, with no past defaults or bad debts. If you're unsure about your credit score, you can obtain a free credit report through Finder.

Required Documents

Personal Information – Full name, email address, date of birth, driver's licence number, marital status, number of dependents, and contact number.
Frequent Flyer Details – Your Qantas Frequent Flyer number is required to earn points with this card. If you're not yet a member, check out ways to join for free.
Employment Information – Current employment status, job title, and employer's contact details. You may also need to provide recent payslips, a tax return, or accountant details if self-employed.
Financial Details – Information on your savings, shares, or other assets, along with details of existing debts, credit accounts, and estimates of your regular household expenses.

Rates & fees

Annual Fee – This card comes with a $450 annual fee, which can be offset by the included $450 Qantas Travel Creditwhen used for eligible bookings.

Interest Rate on Purchases – The Qantas American Express Ultimate Card carries a 23.99% p.a. interest rate on purchases, making it ideal for those who pay off their balance in full each month.

Interest-Free Period – Enjoy up to 44 days interest-free on purchases when you clear your balance in full by the due date on each statement cycle.

Additional Cardholders – Add up to 4 supplementary cardholders (18+ years) at no extra cost. Additional cardholders can earn Qantas Points on their spending, while the primary cardholder remains responsible for managing the account and repayments.

Foreign Transaction Fees – A 3% fee applies to transactions made in foreign currencies, whether overseas or through international online purchases.