American Express - The Qantas American Express Ultimate Card
The Qantas American Express Ultimate credit card has a $450 annual fee and a purchase interest rate of 23.99% p.a.There are up to 44 days interest-free on any purchases made. $450 credit is available annually, which is valid for spend on travel with Qantas.
This card earns 2.25 Qantas Points per $1.00 spent on Qantas products and services. It earns 1.25 Qantas Points per $1.00 spent elsewhere. Additional cardholders may be added for a fee of $0 each, with a cap of 4 additional cardholders.
Spend $3,000 within 3 months and receive a bonus 50,000 Qantas Points.
Annual Fee
$450 per year
Purchase Rate
23.99% p.a.
Interest Free Period
up to 44 days
Rewards Rate One
2.25 point(s) per AUD$1 On spent on eligible Qantas products and services
Details
Card Type
American Express
Minimum Repayment
2.50% or $30
per statement, whichever is greater
Interest Free Period
up to 44
days
Minimum Credit Limit
$3,000
Fees
Annual Fee
$450
per year
Late Payment Fee
$30
per statement
Additional Card Holder Fee
$0
Additional Card Holder Cap
up to 4
additional holders
Rates
Purchase Rate
23.99% p.a.
Overseas Spending
Foreign Currency Conversion Fee
3%
per transaction
Eligibility
Minimum Age
18
years old
Temporary Residents
Yes
Rewards
Program
Qantas Frequent Flyer
Types
Domestic and International Qantas flights
Bonus
50,000 bonus points
Reward Rates
Rewards Rate One
2.25 point(s) per AUD$1
On spent on eligible Qantas products and services
Rewards Rate Two
1.25 point(s) per AUD$1
On spent on Card purchases, except spend at government bodies in Australia
Perks
Complimentary Travel Insurance
Yes
Airport Lounge Access
Yes
Who is the product designed for?
The Target Market for this credit card are consumers who:
- want to make purchases on credit with the ability to earn Qantas points and to access additional travel benefits
- earn a sufficient income to enable them to pay their outgoings and living expenses, in addition to their card repayments each month without experiencing financial hardship
- are willing and able to pay an interest rate of 23.99% p.a. and an annual fee of $450
Visit American Express to view Target Market Determination Effective From: 2023-10-20.
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