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    • American Express Qantas American Express Ultimate Card

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    • Qantas American Express Ultimate Card card from American Express

    • 20.74%

    • $450.00

    • 44

    American Express Qantas American Express Ultimate Card Review

    Review published: 18 January 2012
    Review updated: 13 March 2012

    What's hot:

    • 30,000 bonus reward points
    • 0% purchase rate for the first 6 months
    • 1 free domestic return flight per year

    What's not:

    • $450 annual fee

    Mozo snapshot:

    With 0% on purchases for 6 months, up to 30,000 bonus reward points, a rate of 1.5 Qantas Frequent Flyer points for every $1 spent and no cap or expiry date on the number of QFF reward points you can earn, the Qantas American Express Ultimate credit card is... ultimately rewarding.

    Key features: The Qantas AMEX Ultimate credit card has a high annual fee of $450 but when you consider it includes a free domestic economy return flight every year this is great value. Standard card features include 44 interest free days, a 0% intro purchase interest rate for six months (20.74% ongoing) and it comes with a free additional card so you can get your partner to help build up those rewards points. Pay those bills on time or you'll be hit with a $30 late payment fee.

    Ultimately, what makes this card stand out from the crowd is the 30,000 bonus points offer. This is one of the highest bonus point offers in the market and is simple to accrue. You'll receive the first 5,000 points after you make your first purchase, 22,500 points when you spend $500 in the first two months (put the weekly groceries of the card for instance) and 2,500 points after your first spend on selected Qantas products. Keep in mind that all rewards points are credited and redeemed through the Qantas Frequent Flyer program.

    The Qantas Amercian Express Ultimate credit card also comes with those coveted AMEX service benefits such as free domestic and international travel insurance, refund protection and purchase protection insurance and global 24/7 customer service.

    Who it's good for: The Qantas AMEX Ultimate credit card is perfect for anyone that prefers flying within the Qantas network and pays off their full balance regularly, otherwise that 20.74% interest rate will sting. You'll also need to be earning more than $65,000 a year to be eligible.

    Any catches? If you're not already a Qantas Frequent Flyer member you'll have to join which will cost you $82.50. If you're planning on using the free travel insurance attached the card you'll need to purchase the trip on your Qantas AMEX Ultimate credit card or with QFF reward points for it to be valid.

    How are American Express credit cards rated by the Mozo community?

    Product Type Overall Price Features Service Convenience Trust
    American Express credit cards 6.1 Based on 89
    American Express credit card reviews     		5.2 6.6 6.3 5.6 6.5

    Read American Express credit card reviews by the Mozo community

    Rewards scheme

    • Points are automatically credited to the Qantas Frequent Flyer program.
    • All rewards are redeemed via Qantas Frequent Flyer.
    • Bonus points earned at a range of partner merchants including Qantas.

    Privileges

    • Travel Accident Insurance
    • Purchase Protection
    • Account alerts by SMS
    • One complimentary domestic economy return flight per year when you spend at Qantas.

    Special offers

    • Receive up to 30,000 bonus Qantas points.

    Value of rewards points

    • Example reward
    • You'd need to spend
    • Flight: Sydney-Melbourne
    • $8,567
    • Flight: Sydney-London
    • $85,333
    • $100 gift card
    • $9,000
    • Points are capped?
    • No
    • Points expire?
    • Never

    Details behind our 'value of rewards' calculations

    • Points earning 1.5 points per dollar on Amex, uncapped
    • Flight: Sydney-Melbourne 12850 points buys a Qantas Syd-Mel flight
    • Flight: Sydney-London 128000 points buys a Qantas London flight
    • $100 gift card 13500 points buys a Myer $100 Gift Card

    (how did we do it? find out...)

    Rates

    Purchase rate
    20.74%
    Intro purchase rate
    0.00% for 6 months
    Balance transfer rate
    none
    Balance transfer term
    none
    Balance transfer revert to cash
    none
    Cash advance rate
    none
    Interest free days
    44

    Other financial bits

    Minimum repayment amount
    $30.00
    Minimum repayment percent
    2.5

    Fees

    Annual card fee
    $450.00
    Introductory fee
    none
    Annual fee spend threshold
    none
    Reward program fee
    $
    Late payment fee
    $30.00
    Overlimit fee
    $30.00
    Cash advance fee
    $
    Foreign exchange margin
    3.00%
    Duplicate statement fee
    $10.00
    Transaction verification fee
    $7.00
    Additional card fee
    $0.00
    Establishment fee
    $0.00

    Features

    Additional cardholders
    unlimited
    Other restrictions
    none
    Other benefits
    none

    About American Express

    American Express is a global mega provider of credit cards, including gold cards, platinum cards, charge cards and more. With American Express, you can find a credit card to suit your lifestyle, tastes and aspirations. If you’re a rewards points junkie, be sure to check out the hugely popular American Express rewards programs, including Qantas Frequent Flyer points and Qantas Club rewards.

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