The Qantas American Express Discovery credit card 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.
Score 7,500 bonus points and get the first 5,000 points for spending $300 on purchases within three months and a further 2,500 bonus points on your first spend in Australia on selected Qantas products and services.
If you've got debt that you want to transfer over to save on interest repayments the American Express Discovery card has a 0.99% offer for 6 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.
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.