Card
Offer
The Qantas American Express Ultimate Card Targeted Offer
For invited customers
Selected terms version
Ended. These terms are no longer available.
Published 25 May 2025
View current offer termsOffer terms historyThis offer is currently unavailable.
Source wording historyOffer terms
Signup Bonus
50,000 points
Qantas
Minimum Spend
$5,000
within 3 months
Cash Bonus
Offer Expires
July 1, 2025
a year ago
Ongoing Earn Rate
1.25x points per $1 spent
Fees
First Year Annual Fee
$450
Ongoing Annual Fee
$450
From year 2 onwards
Note: Additional fees may apply for cash advances, foreign transactions, overlimits, and late payments. Check the issuer's terms and conditions for complete fee details.
Benefit history
- Digital Wallet IntegrationUpdated May 2026
- Purchase Protection InsuranceUpdated May 2026
- Installment PlansUpdated May 2026
- Travel InsuranceUpdated May 2026
- Lounge AccessUpdated May 2026
I'd like to use my bonus for:
Craig's AnalysisBonus Difficulty
Moderate
●●○$56 per day required
First Year Cost
$450
annual fee
Bonus Value
$250
56,250 points redeemed in Woolworths gift cards
Earn Rate
Excellent
●●●●1.25x Qantas points per $1
Travel Benefits
Lounge Access
Enjoy two complimentary entries to The Centurion® Lounge, plus two Qantas Club Lounge invitations each year after purchasing select Qantas products and services.
Did this help you make a decision?
Can I get this bonus if I've had a card from American Express before?
You generally need to wait 18 months after your last American Express sign-up bonus before you can earn this one.
See exclusion periods for every Australian issuer →Offer terms history
These are published versions of this offer's terms. Each version preserves the conditions available at that time.
Changes from terms version 4
Changes from terms version 3
Changes from terms version 2
Changes from terms version 1
First recorded terms