Key features:
The Qantas Discovery card, from 2017 Mozo Experts Choice Credit Card Provider of the Year American Express, has a high interest rate of 20.74%. But this credit card doesn't have an annual fee and you'll get 44 days interest free, so long as you pay your balance off in full every month. The Qantas American Express Discovery card comes with top Amex benefits like fraud, purchase and refund protection, plus global customer service.
You can also earn 1 Qantas Point for every $1 spent on purchases, plus an extra 1 point per $1 if you're spending on Qantas products. That means regular Qantas shoppers are in luck, since they have the opportunity to earn up to 2 points for every $1 they spend on eligible purchases. The exception to these rules is spends at government bodies in Australia, where you'll only earn 0.5 Qantas Points per $1 spent.
And the best news for rewards lovers? There's no cap on points.
If you've got debt that you want to transfer over to save on interest repayments the American Express Discovery card has a 0% offer for 12 months, but it also comes with an upfront 1% credit establishment fee.
Who it's good for:
If you simply want a low maintenance rewards credit card and plan to pay off your balance in full each month, the Qantas American Express Discovery Card would suit you perfectly. The minimum income requirement of $35,000 is not too steep and points are automatically credited to your Qantas Frequent Flyer account, so you don't have to worry about keeping track of rewards points.
Any catches?
With a high interest rate of over 20% this is not a credit card to carry debt on. Be sure to set up those automatic payments or you'll find a $30 late payment fee added to your statement.
