Qantas Ultimate Card card image
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American Express Qantas Ultimate Card

Advertiser disclosure
Purchase rate
23.99% p.a.
Balance transfer rate
No current offer
Annual fees
$450
Interest free days on purchases
44
Go to site

Mozo editorial review American Express Qantas Ultimate Card - last updated: 3 April 2024

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What's hot
  • Mozo Experts Choice Award-winner 2023
  • Up to 60,000 bonus Qantas Points available to new card members in first year (T&Cs apply)
  • $450 annual Qantas Travel Credit
What's not
  • $450 annual fee
Mozo snapshot

With 60,000 bonus Qantas Points up for grabs when you apply online, are approved and spend $3,000 on your new card within the first 3 months (new Amex Card Members only, T&C's apply), the Qantas American Express Ultimate Card is... ultimately rewarding. What's more, you can bag 1.25 points for every dollar you spend on Amex, up to 100,000 Points per year, then 1 point per dollar, uncapped (T&Cs).

It also won the 2023 Mozo Experts Choice Award for best Qantas Frequent Flyer Premium Credit Card.

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Key features

The Qantas Ultimate credit card from American Express 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, 23.99% p.a. purchase rate, and there's the option of up to 4 additional Card Members for free, so you can get your partner to help build up those rewards points. But remember to pay those bills on time, or you'll be hit with a $30 late payment fee.

For every $1 spent on everyday purchases except spend at government bodies in Australia, you will earn 1.25 Qantas Points per $1 spent. And for every dollar spent on Qantas products and services in Australia, you will earn 1 additional Qantas Point.

After a total of 100,000 Qantas Points is earned in a calendar year, the everyday earn rate will change from 1.25 to 1 Qantas Points per $1 spent.* For Card Members who applied for the Card between 1 July 2023 – 9 January 2024, this change will come into effect from 10 July 2024.

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

If you apply online before 28 May 2024, get approved, and spend $3,000 on eligible purchases, you could also receive 60,000 bonus Qantas Points (T&Cs). 

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Who is it good for

The Qantas American Express Ultimate Card could be a great option for anyone that prefers flying within the Qantas network and pays off their full balance regularly, otherwise that 23.99% p.a. interest rate will sting. 

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Any catches

If you're planning on using the free travel inconvenience 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. There's also a $6 dishonour fee and a $30 late fee to be aware of.

Rewards program details

Rates and fees information correct as at 15 April 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

1.25 points per dollar on Amex, up to 100000 points per year, then
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.

1.25 points per dollar on everyday purchases. Earn 0.5 Qantas Points per $1 spent at government bodies, earn 2.25 Qantas Points per $1 spend on selected Qantas products and services.Exclusions apply. After a total of 100,000 Qantas Points is earned in a calendar year, the everyday earn rate will change from 1.25 to 1 Qantas Points per $1 spent.* For Card Members who applied for the Card between 1 July 2023 – 9 January 2024, this change will come into effect from 10 July 2024.

$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 two the Centurion Lounge invitations each year. Complimentary Qantas Wine Premium Membership.

Special offers

Receive 60,000 bonus Qantas Points when you apply online by 28 May 2024, are approved, and spend $3,000 on eligible purchases on your new Qantas American Express Ultimate Card within the first 3 months. T&Cs apply. Available to new American Express Card Members only.

Value of rewards points

Spend $16,008 (Amex)

Spend $6,400 (Amex)

Spend $90,400 (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

$450.00

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

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