With an enticing welcome bonus for new customers, Qantas is a prestige rewards card packed with premium perks. It is an excellent rewards card that provides the opportunity to earn cashback.
Suitable for everyday purchases, Qantas Ultimate rewards you with unlimited points. It is also a great choice for travelers.
Issued by American Express, Qantas ticks all the boxes when it comes to opportunities. Let’s find out more about this prestigious offer!
Fees and Interest
Qantas Ultimate card has a minimum credit limit of $3,000. In terms of repayments, you must cover $30 or 2.5% of your existing balance, depending on which one is higher.
All purchases have an interest rate of 20.74% per annum, but you benefit from up to 44 interest-free days. The card does not support any cash advances or balance transfers.
With an annual fee of $450, the credit card is on the higher end of the market. Also, if you do not make your payments on time, there is a $30 charge.
Finally, you can issue additional cards for up to 4 friends or family members at no cost. This offers you more chances to collect reward points.
How to Apply
As expected, eligibility criteria are quite tough for this prestigious card. Firstly, you need to earn an annual income of at least $65,000 per year. Additionally, it is crucial that you do not have any history of payment default or bad debt, and you must be at least 18 years old.
The card is available only to permanent citizens or residents in Australia. You may also be eligible if you have a long-term visa. If you fulfill these criteria, you can easily apply online by accessing the American Express website.
You need to provide personal information, such as your name, contact details, residential address, and more. Also, the company will require your financial information, proof of identity, and any other relevant information that will help you get approved.
Bank Contact Details
Qantas Ultimate is issued by American Express.
For any inquiries, you can contact them at any time by phone at 1300 132 639, or +612 9271 8664 from overseas.
The company is registered at GPO Box 3, Melbourne, VIC, 3001.
American Express is a top-tier company that offers excellent customer service, regardless of your concerns, so do not hesitate to contact them if you need help with the process.
Features and Benefits
All new customers enjoy a welcome bonus of 55,000 Qantas points if they spend a minimum of $3,000 in the first 3 months. Each $1 spent on everyday shopping can earn a maximum of 1.25 points, apart from government bodies in Australia, which earn only 0.5 points per $1 spent.
The eligible products and services, as stated by Qantas, collect 2.25 points per $1 spent.
In addition to this, when you book your domestic or international Qantas flight through American Express Travel, you get a $450 travel credit.
For travelers, it is also worthwhile to note that the card comes with two complimentary American Express Airport Lounge entries in addition to the other two Qantas Club Lounge invitations per year, provided that you purchase eligible Qantas products and services.
A great last benefit of the card is the complimentary travel insurance. It can be useful if you need one of the most comprehensive ones on the market.
It offers domestic and international insurances when you purchase the return trip with your card. It covers you, your partner, and any dependent children under 25 years old.
The insurance covers transport accidents up to $400,000, cancellations up to $12,500, up to $10,000 for damage or loss of baggage, documents, or money, flight delays of up to $200, and, finally, medical emergency costs of up to $2,500,000.
All in all, Qantas might come with one of the highest annual fees of $450 per year, but this can be easily canceled by the travel bonus, which is also $450.
Despite the lack of a balance transfer offer, this card is excellent for purchases and all the perks it offers. For frequent travelers, the cover it comes with can be a real bargain.
Note: There are risks involved when applying for and using credit. Consult the bank’s terms and conditions page for more information.