American Express Qantas Discovery Card

20.74% p.a.

0% p.a. for 12 months (1.00% p.a. balance transfer fee)

$0

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American Express Qantas Discovery Card Review

Rates and fees information correct as at 25 September 2016.

Review published: 14 February 2012

What's hot:

  • Mozo Experts Choice Awards Winner 2015

  • 7,500 bonus point offer

  • No annual fee

What's not:

  • 20.74% purchase rate

  • 1% credit establishment fee for balances transferred

Mozo snapshot:

Taking out a Mozo Experts Choice Award for Best Rewards Credit Card, the Qantas American Express Discovery credit card is a stand-out in the world of rewards credit cards with no annual fee and lots of rewards benefits. Earn 1 Qantas Point every time you spend $1 on everyday purchases and 1 additional bonus point for every $1 spent on selected Qantas products and services. Plus, you can get up to a bonus 7,500 Qantas Points and a 0% balance transfer offer for 12 months.


Key features:

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% 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.

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

Product Type Overall Rating Price Features Service Convenience Trust
7.3

Based on 255
American Express credit cards reviews

6.1 7.2 7.3 6.7 7.5

Read American Express credit card reviews by the Mozo community

Latest reviews of American Express Qantas Discovery Card

American Express

American Express Qantas Discovery Card credit card review

Overall rating   8 / 10

Great

Interest is really high. But a good company

Full review

Interest is really high. But a good company

    Price   3 / 10

    Features   7 / 10

    Customer service   8 / 10

    Convenience   8 / 10

    Trust   8 / 10

Less

Courtney (VIC), reviewed 7 months ago

American Express

American Express Qantas Discovery Card credit card review

Overall rating   9 / 10

Very convenient, easy to sign up and easy to use

Very convenient, easy to sign up and easy to use app

Full review

Very convenient, easy to sign up and easy to use app

    Price   10 / 10

    Features   10 / 10

    Customer service   8 / 10

    Convenience   7 / 10

    Trust   10 / 10

Less

Tom (NSW), reviewed 7 months ago

American Express

American Express Qantas Discovery Card credit card review

Overall rating   9 / 10

Great product - if only it worked everywhere

Great product but, as always, American Express cards are only accepted in some locations. Makes it inconvenient. Overall the Apple Pay feature makes it totally worthwhile.

Full review

Great product but, as always, American Express cards are only accepted in some locations. Makes it inconvenient. Overall the Apple Pay feature makes it totally worthwhile.

    Price   10 / 10

    Features   10 / 10

    Customer service   7 / 10

    Convenience   6 / 10

    Trust   9 / 10

Less

Sapna (NSW), reviewed 7 months ago

American Express

American Express Qantas Discovery Card credit card review

Overall rating   8 / 10

No yearly premium. Great monthly deals.

Great card. No yearly fee and frequent flyer points. Have been getting great monthly deals as well. Not accepted by all retailers and others want to charge an amount to use it. I try to avoid those retailers.

Full review

Great card. No yearly fee and frequent flyer points. Have been getting great monthly deals as well. Not accepted by all retailers and others want to charge an amount to use it. I try to avoid those retailers.

    Price   9 / 10

    Features   8 / 10

    Customer service   8 / 10

    Convenience   8 / 10

    Trust   9 / 10

Less

Graham (WA), reviewed 10 months ago

American Express

American Express Qantas Discovery Card credit card review

Overall rating   9 / 10

They make me actually feel like a valued customer.

I've been an AMEX customer for a long time and have both a credit and charge card with them. The best thing about AMEX is that they don't operate like other banks. For example, I accidentally paid another card I had with them that had a zero...

Full review

I've been an AMEX customer for a long time and have both a credit and charge card with them. The best thing about AMEX is that they don't operate like other banks. For example, I accidentally paid another card I had with them that had a zero balance by mistake which meant I missed the payment date for current card. Instead of slapping me with a missed payment charge, they called me to check everything was OK and then saw what I had done and transferred that balance to the card I was supposed to pay.

    Price   7 / 10

    Features   8 / 10

    Customer service   9 / 10

    Convenience   8 / 10

    Trust   10 / 10

Less

Mike (NSW), reviewed 9 months ago

Mozo may receive a payment from financial providers listed on the site. Customer reviews are in no way affected by any commercial relationships Mozo has with providers. Reviewers may receive a voucher from Mozo in exchange for their review. Vouchers are given to all reviewers who meet our review guidelines regardless of the sentiment of their reviews.

Mozo may receive a payment from financial providers listed on the site. Customer reviews are in no way affected by any commercial relationships Mozo has with providers. Reviewers may receive a voucher from Mozo in exchange for their review. Vouchers are given to all reviewers who meet our review guidelines regardless of the sentiment of their reviews.

Revealing rewards

How do we do it?

To work out the "Rewards value minus fees" in our Rewards Revealer we:

  • calculate how many points you'd get each year,
  • figure out how many flights or gift cards or cashback credits you could get for those points,
  • work out what that's actually worth to you,
  • take off the annual fee you'd pay.

More details:

  • Our calculations are designed to help you compare the value of different rewards schemes. To do this, we've looked at earning a one-way Sydney-Melbourne flight excluding taxes and charges, a return Sydney-London flight excluding taxes and charges, a $100 shopping Gift Card and $100 cashback. Most cards will also offer other rewards, which may be worth more or less than the ones we've shown.
  • We have made no allowance for bonus points for using your card at specific merchants, introductory offers or special offers. We have not assigned any value to instant discounts, insurances, ticketing and concierge services or other such benefits.
  • Rewards value calculations do not take credit card interest into account. If you do not pay off your card each month you may be better off looking for a card based on interest rates than on the value of rewards.
  • In products that have more than one card, a different mix of spend between American Express / Visa / MasterCard will give different results. Mozo's Rewards Revealer lets you choose the mix based on the way you would use such a product, and gives you tailored results.
  • We assume flights purchased with airline points are 'classic' or 'reward' economy seats with restricted seat availability. 'Any seat' rewards will probably cost more.
  • To compare the value of flight rewards, we sample online retail flight prices once a quarter based on the average price on a Wednesday 3 months in advance but outside NSW school holidays. For domestic flights we take the lowest available fare from each flight on that day from Qantas Red e-deal, Virgin Australia Saver including baggage and Jetstar Starter including baggage. We calculate the average price excluding taxes and surcharges for each airline, and also the average across all airlines (which we use when rewards are travel agent vouchers). For international flights, we take the lowest available fares on that same Wednesday from each of Qantas, Emirates, Malaysian, Etihad, Singapore, Cathay Pacific and Thai, assuming a return flight 2 weeks later, calculate the average price before taxes and surcharges and use this as our assumed cost of a flight on any airline.
  • Shopping rewards are based on $100 gift cards from a major national department store.
  • We make every effort to ensure our calculations are correct and up to date but make no guarantees.

Rewards scheme

  • Points are automatically credited to the Qantas Frequent Flyer program.
  • All rewards are redeemed via Qantas Frequent Flyer.
  • Earn 2 points per $1 on eligible Qantas products and services in Australia.

Privileges

  • Purchase Protection
  • Account alerts by SMS

Special offers

  • Receive up to 7,500 bonus Qantas Points when approved and meet the spend criteria.

Value of rewards points

  • Need to spend $17,250 ()

  • Need to spend $8,000 ()

  • Need to spend $120,000 ()

  • Uncapped

  • Never

Details behind our 'value of rewards' calculations

  • 1 point per dollar on Amex, uncapped

  • 17250 points buys a Myer $100 Gift Card

  • 8000 points buys a Qantas Syd-Mel flight

  • 120000 points buys a Qantas London flight

* How did we do it? Find out...

Rates

  • 20.74% p.a.

  • none

  • 0% p.a. for 12 months (1.00% p.a. balance transfer fee)

  • no

  • none

  • 44

Fees

  • $0.00

  • none

  • none

  • none

  • $30.00

  • 2%, min $2.50

  • 3.00%

  • $0.00

  • $7.00

  • $0.00

Other financial bits

  • $30.00

  • 2.5

Features

  • unlimited

  • The maximum balance transfer that can be approved is $10,000 or 70% of approved credit limit, whichever is less.

  • 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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