Qantas Premium Card card image

American Express Qantas Premium Card

Advertiser disclosure
Purchase rate
23.99% p.a.
Balance transfer rate
No current offer
Annual fees
$249
Interest free days on purchases
44

Mozo editorial review American Express Qantas Premium Card - last updated: 18 January 2024

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What's hot
  • 20,000 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
  • 2022 Mozo Experts Choice Award winner
What's not
  • 23.99% 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. Taking out a 2022 Mozo Experts Choice Award for Best Qantas Frequent Flyer Credit Card, 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 20,000 Qantas Points. 

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Key features

Taking out a 2021 Mozo Experts Choice Award for Best Qantas Frequent Flyer Credit Card, the The American Express Qantas Premium Credit Card allows you to redeem earned points 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 23.99% purchase rate.

There is a $249 annual fee, so make sure you make full use of the generous earn rate, complimentary insurances including travel inconvenience insurance and purchase cover, 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 20,000 bonus Qantas Points! To bag the bonus points and credit you will have to be a new Amex 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. Keep in mind that there's also a $6 dishonour fee and a $30 late fee.

Rewards program details

Rates and fees information correct as at 22 February 2024. 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

20,010 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 can be redeemed via the Qantas Store.

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 20,000 bonus Qantas Points when you apply online as a new Amex Card Member, are approved and spend $3,000 within the first 3 months. New Card Members only.

Value of rewards points

Spend $20,010 (Amex)

Spend $8,000 (Amex)

Spend $110,400 (Amex)

Uncapped

Never

How do we calculate these points?

Rate and fee details

Rates

23.99% p.a.

none

No current offer

no

none

44

Fees

$249.00

none

none

none

$30.00

2%, min $2.50

3.00%

$10.00

$7.00

$0.00

Features

$30.00

2.5

up to 4

none

Payment options

Apple Pay, Google Wallet, Samsung Pay

Rewards privileges

Account alerts by SMS,
Card Purchase Cover ,
Travel Inconvenience Cover

Customer Reviews

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

Overall
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