Reviews

Review: Qantas American Express Premium Card

Overall Rating

By Chris Chamberlin, March 23 2017
Qantas American Express Premium Card
Disclaimer

Executive Traveller may receive a commission when you apply for these credit cards via our links.

You should seek independent advice and consider your own personal circumstances before applying for any financial product.

Notes
The Good
  • Affordable $249 annual fee
  • Earn 1.25 Qantas Points per dollar spent, uncapped: plus bonus points with Qantas
  • Two free Qantas Club lounge passes each year
The Bad
  • Fewer points earned on government spend
Added Value
  • Travel insurance covering both domestic and international trips

Introduction

With benefits such as free domestic and international travel insurance, two airport lounge visits each year and bonus points when booking Qantas flights, the Qantas American Express Premium credit card takes a well-rounded approach to points and perks with a price tag that won't break the bank.

New American Express customers can also take home 30,000 bonus Qantas Points: almost enough for a return business class reward journey between Sydney and Melbourne.

Qantas American Express Premium Card: fast facts

  • Grade/tier: Gold
  • Card type: American Express
  • Loyalty program: Qantas Frequent Flyer
  • Qantas Points earned per $1 – direct spend with Qantas Airways: 2.25
  • Qantas Points earned per $1 – government payments: 0.5
  • Qantas Points earned per $1 – everywhere else: 1.25
  • Points capping: Uncapped

Fees, charges and interest:

  • Annual fee: $249
  • Additional/supplementary cardholder fee: $0
  • Interest rate on purchases: 20.74% p.a.
  • Interest-free days on purchases: Up to 44
  • Interest rate on cash advances: N/A
  • International transaction fee: 3.0%
  • Minimum income requirement: $40,000 p.a.
  • Minimum credit limit: $2,000

Earning points for free flights:

New cardholders can earn 30,000 bonus Qantas Points when applying, being approved and spending $3,000 on eligible purchases within the first three months.

That's in addition to earning 1.25 Qantas Points per dollar on your everyday spend, including with insurance companies and utility providers where you'd previously earn fewer points. Government transactions continue to earn 0.5 Qantas Points per dollar, however.

Complimentary Qantas epiQure Premium membership also means you can earn extra points when buying wine directly from Qantas epiQure, being three Qantas Points per dollar spent as opposed to one Qantas Point per dollar spent for non-Premium members, in addition to the points earned via AMEX for spending on your credit card.

Airport lounge access:

As part of the package, you'll receive two complimentary Qantas Club invitations each year after your first card spend on selected Qantas products and services (such as using your card to book a Qantas flight) – valid in any domestic Qantas Club lounge or international Qantas business class lounge, except in Los Angeles.

Stop by the Qantas Singapore Lounge with one of your free Qantas Club passes
Stop by the Qantas Singapore Lounge with one of your free Qantas Club passes

Access to the American Express Sydney Airport lounge isn't included with this card and can't be bought, but is enjoyed by holders of the higher-tier Qantas American Express Ultimate Card.

Free international travel insurance:

Use your Qantas American Express Premium card to pay for your flights and AMEX's free domestic and international travel insurance has you covered on trips of up to 62 days, up to a maximum of 120 total travel days per year.

That's a noticeable step above most other credit cards which only provide travel insurance on international jaunts and a subset of coverage on domestic itineraries.

Qantas American Express Premium card: our verdict

The revamped Qantas American Express Premium card offers a higher-than-average earn rate, and with its sign-up bonus, this is a very attractive card to pair with a Visa or Mastercard for those times where American Express isn't accepted.

There's also no limit to the number of points you can earn, so you're free to spend as much as you can afford to repay (within your assigned credit limit) and can earn points on the lot at full rates – and when mixed with the neat 30,000-point welcome bonus, you'll be well on your way to your next free flight or upgrade.

Disclaimer

Executive Traveller may receive a commission when you apply for these credit cards via our links.

You should seek independent advice and consider your own personal circumstances before applying for any financial product.

Chris Chamberlin

Chris Chamberlin is the Associate Editor of Executive Traveller and lives by the motto that a journey of a thousand miles begins with a single step, a great latte, a theatre ticket and a glass of wine!


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