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One of the main drawbacks which comes with a rewards card is that most have higher annual fees than your regular credit card. The Qantas American Express Discovery Card bucks this trend and offers a direct earning Qantas Points card with a $0 annual fee.
Youll also be able to kickstart your points balance with a bonus of 7,500 Qantas Points when you apply by 31 August 2014 (terms and conditions apply minimum spend of $300 required.).
| Product Name | American Express Qantas Discovery Card | |
|---|---|---|
| Balance Transfer Rate | 0.99% p.a. for 6 months with 1% balance transfer fee | |
| Interest Rate on Purchases | 20.74% p.a. | |
| Offer end date | 31 August 2014 | |
| Annual Fee | $0 p.a. | |
| Interest Free Period on Purchases | up to 44 days | |
| Minimum Credit Limit This is the lowest credit card limit that you can request. It is possible to apply for a higher credit card limit but not a lower one than this figure. | $1,000 | |
| Max Credit Limit | $100,000 | |
| Minimum Monthly Repayment | 3% | |
| Card Type | American Express | |
| Late Payment Fee | $30 | |
| Foreign Currency Conversion Fee (AMEX) | 3% of transaction value | |
| Complimentary Travel Insurance | No | |
| Available to Temporary Residents | Yes | |
| Joint Application | No |
Points earning with the American Express Qantas Discovery Card
The Discovery Card earns Qantas Points, which can be exchanged for free flights, fare upgrades and other items offered by the Qantas Frequent Flyer Program. With this card youll earn:
- 1.00 Qantas Points per dollar spent
- An additional 1.00 Qantas Point on selected Qantas services and products.
There is no limit to the amount of points you can earn. Use your card for everything you buy and your points will keep growing without effort.
As mentioned, your points can be used for free flights with Qantas or with the 30+ partnered and affiliate airlines, to upgrade your seats to fly in comfort, and to get your hands on gift ideas such as Myer and David Jones gift cards.
Find out more about uncapped reward points earning
Limited time balance transfer offer
For a limited time American Express is also offering a balance transfer offer of 0.99% p.a.. for 6 months for new customers. A balance transfer can help you pay off more of your credit debt at a lower interest rate, saving you time and money in interest payments. Transfers come with a one off 1% establishment fee, and any balances still kept after the promotional period revert to the standard rate of interest at the time.
It should be noted that theres a maximum balance transfer amount of $7,500 or 50% of your approved credit limit, whichever is less.
American Express Balance Transfer FAQs
Features of the Qantas American Express Discovery credit card
- 44 days interest free. With 44 days of interest-free shopping you can minimise the interest you pay each statement cycle.
- Additional cardholder. Accelerate your points earning by getting a supplementary card for family members for free.
- Purchase protection insurance. The Amex Purchase Protection will replace or repair items if they are accidentally broken or even stolen within 90 days of purchase.
- Refund protection insurance. If youre refused a refund for an item within 90 days of buying it, American Express will credit the cost of the item to your account.
- Zero liability. You are protected while shopping with Amexs Refund Protection service. You will be credited for any refused refund within 90 days of purchasing an item.
- Secure. The American Express Online Fraud Protection Guarantee will protect you against unauthorised purchase made with your card. This will let you shop online in confidence, without having to worry about theft.
- Easy to manage. Your points will automatically transferred to your Qantas Frequent Flyer account. Youre also able to manage your account online and using a computer or mobile phone.
- Account assistance. Regardless where in the world you are, the Global Customer Service will take care of your needs 24/7. Thanks to global coverage you will also receive a replacement card in emergencies within a short timeframe. As well, enjoy free email or SMS alerts will keep you in tune about your account.
- Available to 457 Visa holders. This card is available to those living in Australia with a 457 visa.
Approval criteria for the American Express Qantas Discovery Card
- You must be a minimum of 18 years or older.
- Your credit history must be in good standing without any defaults on payments.
- You also need to be a citizen or permanent resident of Australia or hold a current Business Long Stay Visa (Subclass 457).
- Your annual pre-tax income must be above $35,000.
- If you are self employed you must have a trading record for a minimum of 12 months.
How to apply for the American Express Qantas Discovery Card
If you meet the approval criteria above and you think the American Express Qantas Discovery Card is suitable for your personal and financial situation, then you may want to apply for this card. Clicking apply now will safely redirect you the American Express enquiry page where you can complete your application.
Please allow up to 10-15 minutes for the application and have the following information ready;
- Your American Express credit card number (for existing customers).
- Your employers details (including full address and telephone number).
- Your drivers licence information.
- Your annual salary plus other annual income before tax.
- Your monthly household expenses.
- Your monthly repayments for car, personal or other loans.
- Combined credit limit for cards that are NOT held with American Express.
- If you are self-employed, details of your accountant.
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