Image of The Qantas American Express Ultimate Card credit card

The Qantas American Express Ultimate Card

$450 first year annual fee
70,000 points
1.25 points per dollar
Spend $5,000 in 90 days

Offer Details

Premium

First Year Points

70,000 points

Qantas

Second Year Points

30,000 points

With $450 annual fee

Minimum Spend

$5,000

within 3 months

Cash Bonus

$450Qantas Travel Credit

Offer Expires

May 5, 2026

in 2 months

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 + 6,250 from $5,000 spend
76,250 Qantas pts × 1.6¢/pt = $1,220
+ $450 cashback
− $450 first year fees
Est. profit $1,220

Bonus Difficulty

Moderate

●●○

$56 per day required

First Year Cost

$450

annual fee

Estimated Bonus Value

$1220

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?

OzBargain discussion for this card


History
7 Feb 2026
0 changes
2 Feb 2026
3 changes
Expiration Date:
13 Jan 20265 May 2026
Second Year Bonus:
20,00030,000
Spend For Bonus:
3,0005,000
14 Jul 2025
5 changes
Lounge Pass:
Enjoy two complimentary entries to The Centurion® Lounge, plus two Qantas Club L...Enjoy two complimentary entries to The Centurion® Lounge, plus two Qantas Club L...
Expiration Date:
1 Jul 202513 Jan 2026
Bonus:
50,00070,000
Second Year Bonus:
020,000
Spend For Bonus:
5,0003,000
26 Jun 2025
1 changes
Minimum Credit Limit:
15,000
20 Mar 2025
5 changes
Lounge Pass:
Enjoy two complimentary entries to The Centurion® Lounge7, plus two Qantas Club ...Enjoy two complimentary entries to The Centurion® Lounge, plus two Qantas Club L...
Expiration Date:
18 Mar 20251 Jul 2025
Minimum Credit Limit:
15,000
Interest Rate:
24.0023.99
Bonus:
100,00050,000
15 Jan 2025
4 changes
Expiration Date:
18 Mar 2025
Bonus:
50,000100,000
Bonus Cash Description:
Qantas Travel Credit via Amex TravelQantas Travel Credit
Spend For Bonus:
3,0005,000
7 Sep 2024
3 changes
Expiration Date:
3 Sep 2024
Bonus:
70,00050,000
Second Year Bonus:
20,0000
  • Expiration changed from 03/08/24 to 03/09/24
    2 years ago
  • Expiration changed from 28/05/24 to 03/08/24, Bonus from 60K to 70K, Second Year Bonus from 0 to 20K
    2 years ago
  • Expiration changed from 02/04/24 to 28/05/24, Bonus from 100K to 60K
    2 years ago
  • Bonus increased from 60k to 100k, Expiration changed from no expiration to 02/04/24 (thanks via Instagram!)
    2 years ago
  • Expiration changed from 31/10/23 to "", Bonus from 75000 to 60000, Bonus Period from 90 to 90
    2 years ago
  • Bonus points increased from 60,000 to 75,000
    2 years ago
  • Lowered bonus points to 60,000
    3 years ago
  • Bonus reduced from 75k to 50k
    3 years ago
  • Bonus decreased from 100k to 75k first year, 25k second year and expiration added 23/08/22
    4 years ago
  • Bonus decreased from 120k to 100k
    4 years ago
  • Bonus increased from 100k to 120k and extended to 27/04/22
    4 years ago
  • Bonus increased from 55,000 to 100,000
    4 years ago
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Craig