American Express - The Qantas American Express Premium Card
The Qantas American Express Premium credit card has an annual fee of $249 and a purchase rate of 23.99% p.a.. This card gives 2 entries a year to a Qantas club lounge when a Qantas product or service is purchased. Qantas Points are earned at a rate of 2 points per dollar spent on Qantas products and services, and a rate of 1 point per dollar spent on all other purchases excluding government bodies.
The interest rate is 23.99% p.a. and up to 44 days are interest free. There is an option to get up to 4 additional cardholders for $0.
20,000 Qantas Points when $3,000 is spent on a new card in the first 3 months.
Annual Fee
$249 per year
Purchase Rate
23.99% p.a.
Rewards Rate One
2 point(s) per AUD$1 On eligible qantas products and services
Rewards Rate Two
1 point(s) per AUD$1 On purchases, except spend at government bodies in Australia
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
$2,000
Fees
Annual Fee
$249
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
Joint Application
No
Rewards
Program
Qantas Frequent Flyer
Types
Classic Flight
Bonus
20,000 bonus points
Reward Rates
Rewards Rate One
2 point(s) per AUD$1
On eligible qantas products and services
Rewards Rate Two
1 point(s) per AUD$1
On 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 $249.
Visit American Express to view Target Market Determination Effective From: 2023-10-20.
