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.
Qantas American Express Premium Credit Card
- 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.
Pros
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20,000 bonus Qantas Points offer
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Up to 2 Qantas Points per $1 on eligible spending
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2 complimentary Qantas Club lounge invitations per year
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Complimentary domestic and international travel insurance
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Up to 4 additional cardholders
Cons
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Relatively high $249 annual fee
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High 23.99% p.a. interest rate for purchases
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Only offers up to 44 days days interest-free on purchases, as opposed to most cards with up to 55 days
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3% foreign currency conversion fee
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$30 late payment fee
Details
Product details
Product Name | Qantas American Express Premium Card |
Purchase rate p.a. | 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 |
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 | 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 | Foreign currency conversion fee 3% |
Additional cardholder fee | $0 |
Number of additional cardholders | 4 |