American Express Qantas Ultimate Card

  • American Express
  • 20.74%

  • 0.99% for 6 months (1.00% handling fee)

  • $450

  • 44

American Express Qantas Ultimate Card Review

Review updated: 9 July 2014
Review published: 18 January 2012

What's hot:

  • 1 free domestic return flight per year
  • 50,000 Qantas Frequent Flyer bonus points

What's not:

  • $450 annual fee
  • 1% credit establishment fee for balances transferred

Mozo snapshot:

With up to 50,000 bonus reward points, an easy-to-earn points system 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. 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, 20.74% purchase rate 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.

If you have a debt you want to transfer to the new card there is a 0.99% balance transfer rate for 6 months, but this also comes with an upfront 1% credit establishment fee for any balances transferred.

Ultimately, what makes this card stand out from the crowd is the 50,000 bonus points on offer if you apply and are approved before 31 January 2015. This is one of the highest bonus point offers in the market and is simple to accrue simply by using your card (5000 points) and spending a min of $500 on the card (42,500) in the first three months and you will also get 2500 points when you use the card for a Qantas purchase.

Cardholders can earn points a plenty. For every $1 spent on Qantas and at restaurants around Australia you will earn 3 points, you will earn 2 points for every $1 spent overseas and on eligible airlines, tour operators and cruises a 1 point per $1 spent on standard purchases (except on telecommunications, insurance, utility and government agency spends where you will earn just 0.5 points)

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 $89.50. 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 Rating Price Features Service Convenience Trust
American Express credit card 7.0 Based on 102
American Express credit card reviews
5.6 6.8 7.1 6.1 7.3

Read American Express credit card reviews by the Mozo community

Latest reviews of American Express Qantas Ultimate Card

  • Great customer services

    1. Overall customer rating
    2. (Reviewed 6 months ago)

    American Express have a special feel about it but the best part is the linkage with Qantas points.  Full review 

    American Express have a special feel about it but the best part is the linkage with Qantas points.


      1. Price
      1. Features
      1. Customer service
      1. Convenience
      1. Trust
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    American Express credit card review by Pieter from Queensland

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  • Frequent Flyer Points

    1. Overall customer rating
    2. (Reviewed 6 months ago)

    I have this card to gain as many frequent flyer points as I can.  Full review 

    I have this card to gain as many frequent flyer points as I can.


      1. Price
      1. Features
      1. Customer service
      1. Convenience
      1. Trust
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    American Express credit card review by Cyril from Australian Capital Territory

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  • Customer focused and value for money

    1. Overall customer rating
    2. (Reviewed 10 months ago)

    Always helpful staff and responsive to queries, as well as providing other competitive products such as travel insurance etc.  Full review 

    Always helpful staff and responsive to queries, as well as providing other competitive products such as travel insurance etc.


      1. Price
      1. Features
      1. Customer service
      1. Convenience
      1. Trust
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    American Express credit card review by Peter from Victoria

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  • Good support and benefits minimal costs

    1. Overall customer rating
    2. (Reviewed 11 months ago)

    Good support and benefits minimal costs.  Full review 

    Good support and benefits minimal costs.


      1. Price
      1. Features
      1. Customer service
      1. Convenience
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    American Express credit card review by a Mozo reviewer from New South Wales

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  • Great FF points, free flight, good online access.

    1. Overall customer rating
    2. (Reviewed about 1 year ago)

    Amex provides great service when I call, they're accepted at many merchants, provide a great within Australia flight once-per-year, are competitively priced for annual fees, attract the best amount of FF points, BUT . . . . ..NOT as widely accepte...  Full review 

    Amex provides great service when I call, they're accepted at many merchants, provide a great within Australia flight once-per-year, are competitively priced for annual fees, attract the best amount of FF points, BUT . . . . ..NOT as widely accepted as either Visa or Mastercard, and charge their merchants way WAY TOO MUCH for offering their service. It's the major reason why so many merchants don't accept Amex - sadly. And I'm sick of telling Amex that!! Maybe you can too.


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    American Express credit card review by a Mozo reviewer from Western Australia

    1 person found this review helpful – do you? Yes flag

  • Show more reviews

Rewards scheme

  • Points are automatically credited to the Qantas Frequent Flyer program.
  • All rewards are redeemed via Qantas Frequent Flyer.
  • Earn 3 points per $1 for eligible purchases at thousands of restaurants and Qantas, 2 points per $1 on eligible travel purchases, 1 point per $1 dollar at all other providers; except 0.5 points per dollar at utilities, insurance, telecommunications, and government bodies.

Privileges

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

Special offers

  • Apply by 31 January 2015 and receive up to 50,000 bonus Qantas Points when approved and meet the spend criteria.

Value of rewards points

  • Example reward
  • You'd need to spend
  • $100 gift card
  • $15,100
  • Flight: Sydney-Melbourne
  • $8,000
  • Flight: Sydney-London
  • $128,000
  • Points are capped?
  • Uncapped
  • Points expire?
  • Never

Details behind our 'value of rewards' calculations

  • Points earning 1 points per dollar on Amex, uncapped
  • $100 gift card 15100 points buys a Myer $100 Gift Card
  • Flight: Sydney-Melbourne 8000 points buys a Qantas Syd-Mel flight
  • Flight: Sydney-London 128000 points buys a Qantas London flight

*how did we do it? find out...

Rates

Purchase rate
20.74%
Intro purchase rate
none
Balance transfer rate
0.99% for 6 months (1.00% handling fee)
Balance transfer revert to cash
no
Cash advance rate
none
Interest free days
44

Fees

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

Other financial bits

Minimum repayment amount
$30.00
Minimum repayment percent
2.5

Features

Additional cardholders
unlimited
Other restrictions
none
Other benefits
Complimentary Qantas domestic return economy flight every year after your first card spend on selected Qantas products and services.

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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