The Qantas AMEX Ultimate credit card has a high annual fee of $450. When you consider it includes a free domestic economy return flight every year this is great value. Standard card features include 44 interest free days, 20.74% purchase rate and it comes with a free additional card 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 points on offer. This is one of the highest bonus point offers in the market and is simple to accrue simply by using your card and spending a min of $1,500 in the first three months.
Cardholders can earn points a plenty. For every $1 spent on standard purchases, you will earn up to 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 Qantas American Express Ultimate credit 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 Qantas AMEX Ultimate credit 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.
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.