Qantas Premium Card card image
Mini meca 2020

American Express Qantas Premium Card

Advertiser disclosure
Purchase rate
20.74% p.a.
Balance transfer rate
No current offer
Annual fees
$249
Interest free days on purchases
44
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Mozo editorial review American Express Qantas Premium Card

Last updated: 3 February 2021.

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What's hot
  • 30,000 bonus Qantas Points (conditions apply)
  • Two free Qantas Club lounge invitations each year after your first Card spend on selected Qantas products
  • 1 Qantas point per $1 on regular spends
  • Complimentary features like travel insurance and purchase protection
What's not
  • 20.74% purchase rate
  • $249 annual fee
Mozo snapshot

Are you a frequent flyer or shopper who’s looking for a credit card to maximise your rewards? Well have we got the credit card for you. The American Express Qantas Premium Credit Card allows you to earn 1 Qantas Points for every $1 you spend on eligible purchases. Plus, if you sign up online, are approved and spend $3,000 in the first three months, you could bag yourself 30,000 Qantas Points. 

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Key features

With the American Express Qantas Premium Credit Card, points are redeemed via the Qantas rewards program, and your points will be stacking up fast with a 1 point per $1 earn rate. You even can bag an additional 1 Qantas point per dollar spent on Qantas products and services in Australia (0.5 points at at government bodies in Australia). 

What's even better, is that there's no cap on your points earning power. And the $0 annual fee for up to 4 extra card holders will help you earn even more. You’ll have 44 interest free days if you pay your balance in full every month, but make sure you do to avoid the $30 late payment fee and high 20.74% purchase rate.

There is a $249 annual fee, so make sure you make full use of the generous earn rate, complimentary insurances including travel insurance and purchase protection, complimentary Qantas Wine Premium Membership and the two yearly Qantas Club Lounge invitations (available after your first spend on selected Qantas products annually), to outweigh this cost.  

That's not all though. If you sign up online and are approved, you could snag yourself a sweet 30,000 bonus Qantas Points! To bag the bonus points and credit you will have to be a new Card Member and you will have to spend at least $3,000 on eligible transactions, on your new credit card within the first three months.

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Who is it good for

A generous points earning scheme and an array of complimentary insurance benefits makes the American Express Qantas Premium Credit Card a top choice for high flyers and shoppers wanting to take full advantage of the Qantas network.

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Any catches

The card comes with a 3% foreign exchange margin which can add up when you’re making multiple purchases overseas. So while this card is great for racking up points, when jet-setting internationally make sure you bring a travel friendly card with you by comparing travel money deals before you go.

Rewards program details

Rates and fees information correct as at 15 April 2021. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
What your points get you

Fly Sydney to London return

110,400 points

Fly Sydney to Melbourne one-way

8,000 points

$100 Giftcard

19,730 points

$100 Cash

-

Points earning

1 point per dollar on Amex, uncapped

Rewards scheme

Points are automatically credited to the Qantas Frequent Flyer program.

All rewards are redeemed via Qantas Frequent Flyer.

Earn 0.5 Qantas Points per $1 spent at government bodies, earn 2 Qantas Points per $1 spend on selected Qantas products and services.

Two complimentary Qantas Club invitations each year when you spend at Qantas.

Special offers

Receive 30,000 bonus Qantas Points when you apply online as a new Card Member, are approved and spend $3,000 within the first 3 months. New Card Members only.

Value of rewards points

Spend $19,730 (AmEx)

Spend $8,000 (AmEx)

Spend $110,400 (AmEx)

Uncapped

Never

How do we calculate the rewards?

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.

Close

Rate and fee details

Rates
  • 20.74% p.a.

  • none

  • No current offer

  • no

  • none

  • 44

Fees
  • $249.00

  • none

  • none

  • none

  • $30.00

  • none

  • 3.00%

  • $10.00

  • $7.00

  • $0.00

Features
  • $30.00

  • 2.5

  • up to 4

  • none

Payment options

Apple Pay, Google Pay, Samsung Pay

Rewards privileges

Travel Insurance,
Purchase Protection,
Account alerts by SMS

Customer Reviews

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

Overall
6.5/10
Price
5.6/10
Features
6.8/10
Customer service
6.7/10
Convenience
5.8/10
Trust
7.0/10

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