The Qantas American Express Ultimate Card
Ended — kept for reference
This page is my best effort to summarise the card's terms from the information I found. Read the bank's terms for full details, or contact the bank if you have questions.
I'd like to use my bonus for:
Can I get this?
This offer is advertised to the public. Bonus conditions and the bank’s approval requirements still apply.
Can I get this bonus if I have held a card before?
I have not checked the waiting period for this bonus.
See the waiting rules for every Australian bank →What must I spend?
$3,000 within 90 days — about $1,000 per month.
Can I get the card?
I do not have a minimum income for this card.
Meeting the bonus rules does not mean the bank will approve your application. The bank must assess and approve the card separately.
How long is this available?
The listed end date has passed: 13 January 2026. Date comparison uses the Australia/Sydney calendar. The issuer’s closing time and timezone are not recorded. Check availability with the issuer.
What do the points buy?
It depends where you fly. From Sydney, 73,750 Qantas points buys:
| Trip | Points for 1 return trip | You can book |
|---|---|---|
| Sydney → Melbourne, Economy | 18,400 | 4 return trips |
| Sydney → Bali, Economy | 46,600 | 1 return trip, plus 1 one-way trip |
| Sydney → Singapore, Economy | 58,000 | 1 return trip |
| Sydney → London, Business | 332,600 | Not yet — 22% of a return trip |
Prices are Qantas Classic Flight Rewards for 1 person, if a reward seat is free. Airport taxes and fees are extra cash on top. Pick your own start city and trip below.
Sydney to London in Business (166,300 points)
Tap the trip above to pick your start city, where you want to go, and a seat class.
44% of one way trip
Sydney to London (Business): One way flight is 166,300 Qantas points.
With 73,750 points = 0 return trip with 73,750 points remaining.
If you spend another $74,040 on the card, you can add another one way trip, zeroing out your point balance for this card.
This card has a second year bonus of 20,000 and an annual fee of $450.
Should I keep it after the first year?
Keeping the card costs $450 each year ($450 annual fee) — the first year was $450.
The year-two bonus is 20,000 Qantas points.
Ongoing earn: 1.25x Qantas points per $1.
Keeping pays off only if you meet the second-year conditions and use the points and benefits enough to cover $450/yr.
73,750 Qantas points at 1.6¢ a point − $450 in first-year fees. This is flight value, not cash. It assumes you earn the bonus and pay in full.
This offer has ended. I keep this page so you can check the old terms.
What this calculation assumes
- You make the required purchases and the bonus is paid.
- You pay the balance in full — any interest changes the outcome.
- The required spend is ordinary planned spending, not extra cost.
- You close the card before the next annual fee, or you decide keeping it is worth that fee.
Did this help you make a decision?
Terms and evidence
Full current terms
Offer terms
First Year Points
70,000 points
Qantas
Second Year Points
20,000 points
With $450 annual fee
Minimum Spend
$3,000
within 90 days (about 3 months)
Cash Bonus
Offer Expires
January 13, 2026
9 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
Purchase Interest Rate
23.99% p.a.
The value above assumes you pay in full and never pay this. Any interest changes the outcome.
Benefit history (5 changes)
- Digital Wallet IntegrationUpdated May 2026
- Purchase Protection InsuranceUpdated May 2026
- Installment PlansUpdated May 2026
- Travel InsuranceUpdated May 2026
- Lounge AccessUpdated May 2026
Now 4 visits/year · Qantas Club, The Centurion Lounge.
Offer terms history (13 versions — old terms, for checking)
These are published versions of this offer's terms. Each version preserves the conditions available at that time.
Published 13 Oct 2026
Changes from terms version 12
Changes from terms version 11
Changes from terms version 10
Changes from terms version 9
Changes from terms version 8
No recorded term changes from the previous version.
Changes from terms version 6
Changes from terms version 5
Changes from terms version 4
Changes from terms version 3
Changes from terms version 2
Changes from terms version 1
First recorded terms
Captures behind the selected terms record — evidence for these terms, not a complete history of the named offer.
Archived notes
Earlier notes about this offer, kept as an archive — not current terms. Note dates are separate from terms publication dates.
- Expiration changed from 03/08/24 to 03/09/242 years ago
- Expiration changed from 28/05/24 to 03/08/24, Bonus from 60K to 70K, Second Year Bonus from 0 to 20K2 years ago
- Expiration changed from 02/04/24 to 28/05/24, Bonus from 100K to 60K3 years ago
- Bonus increased from 60k to 100k, Expiration changed from no expiration to 02/04/24 (thanks via Instagram!)3 years ago
- Expiration changed from 31/10/23 to "", Bonus from 75000 to 60000, Bonus Period from 90 to 903 years ago
- Bonus points increased from 60,000 to 75,0003 years ago
- Lowered bonus points to 60,0003 years ago
- Bonus reduced from 75k to 50k4 years ago
- Bonus decreased from 100k to 75k first year, 25k second year and expiration added 23/08/224 years ago
- Bonus decreased from 120k to 100k4 years ago
- Bonus increased from 100k to 120k and extended to 27/04/225 years ago
- Bonus increased from 55,000 to 100,0005 years ago
Discussion
About these ended terms (published 14 Jul 2025) — not the current offer.
Community and personal tools
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