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Bonus points: 20,000
Purchase rate: 23.99% p.a.
Reward point per $ spent: 1
Annual fee: $249 p.a.

Our verdict

Offers 20,000 bonus Qantas Points and a strong earn rate per $1 spent, with a $249 annual fee.

The Qantas American Express Premium earns 1 Qantas Point per $1 spent on most purchases (and 0.5 points per $1 with government bodies). Its 20,000 bonus Qantas Points offer can also help you get extra value from the card. For example, it's enough to get a one-way business class flight from Brisbane to Canberra (18,400 points) or $75 worth of Woolworths WISH gift cards through the Qantas Marketplace (16,450 points).

This card also gives you a way to relax pre-flight with 2 complimentary Qantas Club lounge invitations per year, which you can use at a number of domestic airport terminals around Australia. As well as the bonus points and lounge passes, the Qantas American Express Premium Card provides complimentary purchase and travel insurance covers. It also offers complimentary Qantas Wine Premium membership, which normally costs $99. You'll want to make full use of the extra features to offset the $249 annual fee on this card.

Pros

20,000 bonus Qantas Points offer
Up to 2 Qantas Points per $1 on eligible spending
2 complimentary Qantas Club lounge invitations per year
Complimentary domestic and international travel insurance
Up to 4 additional cardholders

Cons

Relatively high $249 annual fee
High 23.99% p.a. interest rate for purchases
Only offers up to 44 days days interest-free on purchases, as opposed to most cards with up to 55 days
3% foreign currency conversion fee
$30 late payment fee

It's not the biggest bonus points offer on the market. But the high earn rate, lounge passes, complimentary insurance covers and other Amex perks, mean the Qantas American Express Premium credit card could be what you're looking for if you don't want to shell out for a $300+ annual fee every year.

Right now, you can boost your rewards balance with 20,000 bonus Qantas Points when you apply online as a new Amex card member, get approved and spend $3,000 within the first 3 months of card membership.

Details

Product details

Product Name	Qantas American Express Premium Card
Purchase rate p.a.	23.99%
Interest-free period	Up to 44 days on purchases
Min credit limit	$2,000
Card type	American Express

Eligibility

Available to temporary residents	Yes - Conditions apply
Minimum income	$40,000
Joint application	No

Rewards

Rewards program	Qantas Frequent Flyer
Bonus points	20,000
Rewards points per $ spent	1
Rewards points cap	Uncapped

Fees

Annual fee	$249
Minimum monthly repayment	2.5% of the closing balance or $30, whichever is greater
Late payment fee	$30
Foreign currency conversion fee	3%
Additional cardholder fee	$0
Number of additional cardholders	4

How to apply

You can apply for the Qantas American Express Premium credit card online in 10 minutes and receive a response within 60 seconds. Before you apply, check that you meet the eligibility criteria and have the necessary information to complete the application.

Eligibility criteria

New card members. To be eligible for the bonus points offer, you cannot hold or have held an American Express account in the previous 18 months.
Credit history. You must have a good credit score and history with no evidence of bad debt or payment defaults. If you don't know your credit score or what's on your file, you can get a free copy of your credit report through Finder.

Residency. You must be an Australian citizen, permanent resident or holder of a current long term visa (12 months or more, not including student visas) to be eligible to apply.
Age. You'll need to be at least 18 years of age to apply.

Required documents

Personal information. This includes your full name, date of birth, residential address and contact details
Proof of identification. Such as your driver's licence, passport, Medicare card, and/or Australian birth certificate.
Assets and finances. You may need to provide details of any financial liabilities and assets.
Employment. You'll need to confirm your current place of employment and provide your employer's contact details.
Qantas Frequent Flyer details. To receive your Qantas Points, you'll need to include your Qantas Frequent Flyer membership number.
Balance transfer. If you're conducting a balance transfer, you'll need to confirm the amount of the debt you're transferring and provide the relevant account number from your original account.

Go to American Express's site More info

Card benefits

20,000 bonus Qantas Points. Receive 20,000 bonus Qantas Points when you apply online as a new Amex card member, are approved and spend $3,000 on eligible purchases using your new card within the first 3 months of card membership. The bonus points will be credited to your account within 8 to 10 weeks of meeting the spend requirement.
Qantas Club Lounge invitations. You can travel in style and wait for your flight away from the crowds while enjoying complimentary food and beverages with two complimentary single entry invitations to the Qantas Club Lounge at select airports each year. You'll receive your lounge invitations after your first spend on selected Qantas products and services each membership year.

Qantas Points per $1. You will earn 1 Qantas Point for every dollar spent on eligible purchases, 0.5 Qantas Points per dollar spent with the Australian government and 2 Qantas Points per $1 on select Qantas spend.
Complimentary travel insurance. With this card's complimentary travel insurance, you'll be covered for up to for delayed flight departures with travel inconvenience cover, up to $200,000 with public transport accident cover and can access up to $2,500,000 for medical costs with medical emergency expenses insurance. If your baggage, money or documents are lost or damaged, you can claim up to $5,000 and you'll be covered up to $7,500 for any trip cancellation and amendment cover. This travel insurance also covers your eligible spouse or dependent children travelling with you.
Complimentary Qantas Wine Premium Membership. You can apply to Qantas Wine Premium for free as long as you continue to hold your Qantas American Express Premium Card. This program rewards you with 3 Qantas Points per $1 spent on Qantas Wine purchases in addition to the standard earn rates you can expect when spending with your card.
Card refund cover. Amex will credit your account if you're refused a refund on an unused eligible purchase within 90 days of buying it.
Card purchase cover. This offers cover for repairs or refunds on eligible items if they're accidentally broken or stolen within 90 days of purchase.
Mobile payment integration. You can set up the Apple Pay, Samsung Pay or Google Pay wallet to make contactless payments with your compatible smart device.
Global Card Support. You can contact the Global Card Support team at any time of the day or night from anywhere in the world.
Online fraud protection. You won't be held responsible for unauthorised or fraudulent charges on your card if you notify American Express upon discovery of the activity.
Emergency card replacement. If your card is lost or stolen, you can get a replacement card within 48 hours virtually anywhere in the world.
Plan It Instalments. A viable alternative to buy now pay later plans, the Qantas American Express Premium also offers Plan It Instalments that give you a flexible way of paying off your credit card balance in equal monthly instalments, with 0% p.a. interest for a fixed monthly fee.

Rates & fees

Annual fee. This card charges a $249 p.a. annual fee.
Purchase interest rate. You'll be charged 23.99% p.a. interest on purchases.

Interest-free days. When you pay your balance in full by the statement due date, you can take advantage of up to 44 interest-free days.
Additional cards. You can request up to 4 additional cards for free to maximise the number of Qantas Points you can earn. Additional card members must be 16 years of age or over and the primary cardholder will be liable for any transactions made using these cards.

Go to American Express's site More info

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Qantas American Express Premium Credit Card

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