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American Express Qantas Premium Card

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: 21 October 2020.

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What's hot
  • 100,000 bonus Qantas Points + 50 Status Credits offer (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 by 4 November 2020, are approved and spend $3,000 in the first three months, you could bag yourself 100,000 Bonus Qantas Points and 50 Status Credits.


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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). 

Plus, as if that's not all, if you sign up online by 4 November 2020 and are approved, you could snag yourself a sweet 100,000 bonus Qantas Points and 50 Status Credits! To bag the bonus points and status credits 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.

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.  

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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 26 October 2020. 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

18,690 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 100,000 bonus Qantas Points and 50 Status Credits 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 $18,690 (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
6.6/10
Price
5.5/10
Features
6.8/10
Customer service
6.7/10
Convenience
5.8/10
Trust
7.0/10

Latest reviews of American Express Qantas Premium Card

  • Overall 9/10
    Great bonus points offer.

    The offer of 100,000 bonus Qantas points is great for those who love to travel, and a $3,000 minimum spend in three months is not unachievable for most if you put everything on the card.

    Read full review

    The offer of 100,000 bonus Qantas points is great for those who love to travel, and a $3,000 minimum spend in three months is not unachievable for most if you put everything on the card.

    Price
    6/10
    Features
    9/10
    Customer service
    9/10
    Convenience
    9/10
    Trust
    9/10
    Less
    Annie, New South Wales reviewed 5 months ago
  • Overall 8/10
    Online banking has never been easier!

    Convenient locations and helpful staff.

    Read full review

    Convenient locations and helpful staff.

    Price
    6/10
    Features
    8/10
    Customer service
    8/10
    Convenience
    9/10
    Trust
    8/10
    Less
    Drew, South Australia reviewed about 5 years ago
  • Overall 8/10
    Great service

    Westpac has given me very good service and I'm pleased with the extras they provide.

    Read full review

    Westpac has given me very good service and I'm pleased with the extras they provide.

    Price
    5/10
    Features
    7/10
    Customer service
    7/10
    Convenience
    7/10
    Trust
    7/10
    Less
    Iris, Queensland reviewed over 5 years ago
  • Overall 8/10
    Fantastic cashbacks and points rewards system

    American Express is fantastic due to multiple cashback offers for purchases on Australian brands. Furthermore, it allows me to earn 1.5x points towards my Qantas Frequent flyers, vs lower equivalents such as my visa platinum Qantas card.

    Read full review

    American Express is fantastic due to multiple cashback offers for purchases on Australian brands. Furthermore, it allows me to earn 1.5x points towards my Qantas Frequent flyers, vs lower equivalents such as my visa platinum Qantas card.

    Price
    7/10
    Features
    6/10
    Customer service
    6/10
    Convenience
    8/10
    Trust
    7/10
    Less
    Mann, Victoria reviewed about 6 years ago
  • Overall 10/10
    The perfect card for the world traveller.

    I have used my AMX card for many years both here and during my many overseas business trips. I found this the perfect credit card for my partner and I, the rewards program is second to none and I just love the look of the card. I am proud to have the AMX card in my wallet and feel very privileged when it is accepted at the point of purchase, be it an airline, hotel, restaurant or retail store...it makes me feel IMPORTANT.

    Read full review

    I have used my AMX card for many years both here and during my many overseas business trips. I found this the perfect credit card for my partner and I, the rewards program is second to none and I just love the look of the card. I am proud to have the AMX card in my wallet and feel very privileged when it is accepted at the point of purchase, be it an airline, hotel, restaurant or retail store...it makes me feel IMPORTANT.

    Price
    10/10
    Features
    10/10
    Customer service
    10/10
    Convenience
    10/10
    Trust
    10/10
    Less
    Colin, South Australia reviewed almost 7 years ago
American Express

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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11.99% p.a.

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12.49% p.a.

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$58 $0 in the first year

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12.99% p.a.

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0% p.a. for 7 months then 13.99% p.a.

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$55 $0 in the first year

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$149 $0 in the first year

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$49 $0 in the first year

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13.74% p.a.

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11.99% p.a.

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$49 $0 in the first year

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$299 $199 in the first year

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12.49% p.a.

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$55 $0 in the first year

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