American Express Qantas Ultimate Card

20.74% p.a.

0% p.a. for 12 months and then 20.74% p.a. (1.00% balance transfer fee)

$450

Qantas Frequent Flyer

American Express Qantas Ultimate Card

20.74% p.a.

0% p.a. for 12 months and then 20.74% p.a. (1.00% balance transfer fee)

$450

Qantas Frequent Flyer

Mozo Review   American Express Qantas Ultimate Card Review

Last updated: 18 October 2018.

What's hot:
  • 2018 Mozo Experts Choice award winner

  • $450 annual Qantas travel credit

  • Earn 1.5 Qantas Points per $1 spent on eligible purchases

  • Earn 55,000 bonus Qantas Points when you apply online and spend $3,000 within 3 months

What's not:
  • $450 annual fee

  • 1% credit establishment fee for balances transferred

Mozo snapshot:

With up to 55,000 bonus Qantas Points when you sign up online and spend $3,000 in 3 months, an easy-to-earn points system and no cap or expiry date on the number of Qantas Points you can earn, the American Express Qantas Ultimate Card is... ultimately rewarding. Especially given that you can bag 1.5 Qantas Points for every $1 spent on eligible purchases. In fact, the Ultimate Card was found to be so rewarding that it was awarded two Mozo Experts Choice Awards in 2018 for Best Qantas Frequent Flyer Premium Credit Card. 

Key features:

The American Express Qantas Ultimate credit card has a high annual fee of $450, but the $450 Qantas travel credit you snag each year neatly cancels out that cost. Using this credit, you can book eligible Qantas flights online through American Express Travel. Standard card features include up to 44 interest free days, 20.74% purchase rate and there's the option of adding a free additional card member, so you can get your partner to help build up those rewards points. Pay those bills on time or you'll be hit with a $30 late payment fee.

If you have a debt you want to transfer to the new card there is a 0% balance transfer rate for 12 months, but this also comes with an upfront 1% credit establishment fee for any balances transferred. 

Ultimately, what makes this card stand out from the crowd is the 55,000 bonus Qantas Points. This is one of the highest bonus point offers in the market and is simple to accrue by using your card and spending a min of $3,000 in the first three months. Keep in mind, you need to be a new cardholder to grab these points, and apply online before 9 April 2018.

Cardholders can earn points a plenty. For every $1 spent on standard purchases, you will earn 1.5 points (except at government bodies in Australia, where you will earn just 0.5 points). And for every dollar spent on Qantas products and services in Australia you will earn 1 additional Qantas Point.

The American Express Qantas Ultimate Card also comes with those coveted AMEX service benefits such as free domestic and international travel insurance, refund protection and purchase protection insurance and global 24/7 customer service.






Who it's good for:

The American Express Qantas Ultimate Card is perfect for anyone that prefers flying within the Qantas network and pays off their full balance regularly, otherwise that 20.74% interest rate will sting. You'll also need to be earning more than $65,000 a year to be eligible.


Any catches?

If you're planning on using the free travel insurance attached the card you'll need to purchase the trip on your Qantas AMEX Ultimate credit card or with QFF reward points for it to be valid.

Rewards program details

Rates and fees information correct as at 20 November 2018. 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

120,000 points

Fly Sydney to Melbourne

8,000 points

$100 Giftcard

16,160 points

$100 Cash

-

Points earning

1.5 points 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 for Government charges. Earn 1 additional Qantas Point per $1 spent on selected Qantas products and services in Australia.

$450 Qantas Travel Credit each year to use for eligible Qantas flights when you book and pay online at American Express Travel. Two complimentary Qantas Club and American Express Lounge invitations each year. Complimentary Qantas Wine Premium Membership.

Special offers

Receive 55,000 bonus Qantas Points when you apply online as a new Card Member, are approved and spend $3,000 within the first 3 months.

Value of rewards points

Spend $10,773 (AmEx)

Spend $5,333 (AmEx)

Spend $80,000 (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

  • 0% p.a. for 12 months and then 20.74% p.a. (1.00% balance transfer fee)

  • no

  • none

  • 44

Fees
  • $450.00

  • none

  • none

  • none

  • $30.00

  • none

  • 3.00%

  • $10.00

  • $7.00

  • $0.00

Features
  • $30.00

  • 2.5

  • up to 4

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

Payment options

Apple Pay, Google Pay, Samsung Pay

Rewards privileges

Travel Insurance,
Purchase Protection,
Account alerts by SMS

Other benefits

Complimentary Qantas Wine Premium Membership.

Customer Reviews

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

Overall customer rating
6.6/10
Price
5.5/10
Features
6.8/10
Customer service
6.8/10
Convenience
5.8/10
Trust
7.0/10

Latest reviews of American Express Qantas Ultimate Card

  • Overall
    7/10
    Safe and, where accepted, useful card

    I'm a long term (20 years) AMEX user. Pity they don't reward loyalty better.

    I'm a long term (20 years) AMEX user. Pity they don't reward loyalty better.

    Price
    5/10
    Features
    3/10
    Customer service
    5/10
    Convenience
    7/10
    Trust
    6/10

    John | Australian Capital Territory

    reviewed over 3 years ago

  • Overall
    8/10
    Great customer services

    American Express have a special feel about it but the best part is the linkage with Qantas points.

    American Express have a special feel about it but the best part is the linkage with Qantas points.

    Price
    2/10
    Features
    10/10
    Customer service
    10/10
    Convenience
    3/10
    Trust
    9/10

    Pieter | Queensland

    reviewed over 4 years ago

  • Overall
    6/10
    Frequent Flyer Points

    I have this card to gain as many frequent flyer points as I can.

    I have this card to gain as many frequent flyer points as I can.

    Price
    7/10
    Features
    7/10
    Customer service
    9/10
    Convenience
    7/10
    Trust
    5/10

    Cyril | Australian Capital Territory

    reviewed over 4 years ago

  • Overall
    8/10
    Customer focused and value for money

    Always helpful staff and responsive to queries, as well as providing other competitive products...

    Always helpful staff and responsive to queries, as well as providing other competitive products such as travel insurance etc.

    Price
    7/10
    Features
    7/10
    Customer service
    9/10
    Convenience
    7/10
    Trust
    8/10

    Peter | Victoria

    reviewed about 5 years ago

  • Overall
    9/10
    Good support and benefits minimal costs

    Good support and benefits minimal costs.

    Good support and benefits minimal costs.

    Price
    7/10
    Features
    7/10
    Customer service
    9/10
    Convenience
    7/10
    Trust
    9/10

    Name not supplied | New South Wales

    reviewed about 5 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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