Credit Card Compare

Qantas American Express Ultimate Card

2 reviews
23.99%
Purchase rate
$450
Annual fee
50,000
Bonus points

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Qantas American Express Ultimate Card card
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CardIQ

39Basic

Basic

Overall score, out of 100 · How this works

  • Frequent flyer38
  • Qantas Points38
  • Rewards35
  • Sign-up bonus44

What people say online

Mostly positive

Our ongoing analysis of online discussion about this product.

The Qantas American Express Ultimate Card offers competitive rewards rates and valuable perks that offset its $450 annual fee through an equivalent travel credit, though approval has become increasingly difficult to secure.

Customer reviews

4.1

Based on 2 reviews

MarkRecommends

Great value rewards and service, free flight

This card comes with first class Australian customer service with quick response times. In addition the support given on disputed transactions is paperless and the agent works hard to resolve it quickly. Rewards are excellent with a good earn rate, and if you regularly travel,…

AliciaRecommends

Bonus points and excellent rewards

The American Express site is easy to navigate, and the one question I had was answered immediately over the phone. While the fees are on the higher side you do get one free domestic flight per year, which is excellent. 75K bonus points on sign-up was the main incentive.

Pros & cons

What's good

  • 50,000 bonus Qantas Points to start, worth around $600 at our 1.2c-per-point valuation.
  • Earns 0.5 points per $1 on ATO and government payments, where many rewards cards earn nothing.
  • No fee to add an additional cardholder.

Worth noting

  • The $450 annual fee is high for a Standard card, where the typical fee is about $50.
  • The 23.99% p.a. purchase rate sits in the most expensive quarter of cards (the median is 18.99% p.a.) if you carry a balance.
  • Earns 1.25 points per $1 on everyday spend, around the dataset average.
  • 3.5% foreign transaction fee on overseas spending, at the high end of the market.

Card details

The basics

Additional cardholder fee
$0 p.a.
Card tier
Standard
Card type
American Express
Card use
Personal
Credit limit
$3,000 – $100,000
Credit rating
Good
Rewards program
Qantas Frequent Flyer

Eligibility

Instant approval
Yes (response in ~60 seconds)
Joint application
No
Minimum age
18 years old
Minimum income
Not specified
Residency
Australian citizen or permanent resident
Temporary residents
Eligible

Rates & fees

Ongoing interest rates

Cash advances
23.99% p.a.
Purchases
23.99% p.a.

Fees

Additional cardholder fee
$0
Annual fee
$450 p.a.
Cash advance fee
—
Foreign transaction fee
3.5%
Late payment fee
$30

Repayments

Interest-free period
Up to 44 days on purchases
Minimum repayment
2.5% of the closing balance or $30, whichever is greater

Balance transfers

This card has no promotional balance transfer offer. To move existing debt to a lower rate, compare balance transfer cards.

Introductory purchase offer

This card has no introductory purchase rate offer. If you're carrying a balance or planning a big spend, compare 0% purchase cards.

Rewards

Earn rate

Everyday spend
1.25 pts per $1
Bonus categories
None
Other purchases
None
Overseas spend
None
ATO/government
0.5 pts per $1 on ATO and government payments
Reduced rate above monthly cap
None
Points cap
Uncapped
Points expiry
Points don't expire while your account is open and in order.

Sign-up bonus

Bonus spend required
—
Sign-up bonus
50,000 points

Where these points could take you

Auckland
Flying Qantas non-stop, using Qantas points. Economy 20,700 pts, Premium Economy 32,600 pts, Business 43,600 pts.
London
Flying Qantas via Singapore, using Qantas points. Economy 63,500 pts.
Los Angeles
Flying Qantas non-stop, using Qantas points. Economy 48,200 pts.
Singapore
Flying Qantas non-stop, using Qantas points. Economy 29,000 pts, Premium Economy 61,600 pts, Business 82,100 pts.

Flights you could book with the sign-up bonus plus a year of spending $3,000 a month on this card. One-way from Sydney or Melbourne, one adult, before taxes and carrier charges. Award prices and seat availability change.

Where this card sits vs similar cards

Compared with every other personal credit card we list that has the feature. The further right the dot, the better this card does.

Rewards value$540 a yearTop 10% (5th of 95 cards)
Sign-up bonus$600Not as good as most cards (37th of 59 cards)
Interest-free days44 daysNot as good as most cards (141st of 192 cards)
Overseas fee3.50%Not as good as most cards (152nd of 200 cards)
Purchase rate23.99%Among the weakest we track (181st of 196 cards)
Annual fee$450 a yearAmong the most expensive (193rd of 200 cards)

Data as at August 2026. Rates change often, so check the issuer's terms. Factual information, not a recommendation.

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Questions and answers

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Sources

Credit Card Compare
Australian credit card statisticsHow CardIQ scores cards
Issuer
American Express
Program
Qantas Frequent Flyer