Image of The Qantas American Express Ultimate Card Targeted Offer credit card

The Qantas American Express Ultimate Card Targeted Offer

$450 first year annual fee
70,000 points
1.25 points per dollar
Spend $3,000 in 90 days

Offer Details

PremiumOffer Ended

First Year Points

70,000 points

Qantas

Second Year Points

20,000 points

With $450 annual fee

Minimum Spend

$3,000

within 3 months

Cash Bonus

$450Qantas Travel Credit

Offer Expires

January 13, 2026

4 months 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.

I'd like to use my bonus for:

CraigCraig's Analysis
70,000 bonus + 3,750 from $3,000 spend
73,750 Qantas pts × 1.6¢/pt = $1,180
+ $450 cashback
− $450 first year fees
Est. profit $1,180

Bonus Difficulty

Easy

●○○

$33 per day required

First Year Cost

$450

annual fee

Estimated Bonus Value

$1120

Based on 1.6¢ per Qantas point

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?

$350 of profit after meeting spend requirements
+ $350 Woolworths gift cards
+ $450 qantas travel credit extra bonus
- $450
annual fee

$250
x 1
$100
x 1
in Woolworths gift cards, $350 total, with 1,270 points remaining.
OzBargain discussion for this card

Craig

Something out of date? Let me know on Instagram, Facebook, or email and I'll fix it ASAP.

— Craig