Qantas Amex Ultimate: 75k Qantas Points for 3K Spend

[exceladdict]

After applying using a referral myself, I wanted to start a referral thread for the current offer on the Qantas Ultimate Amex for anyone who might be considering the card. Expiring 31 October, the offer is:

• 75,000 Qantas Points for new card members after spending $3,000 on eligible purchases in three months
• 20,000 Qantas Points for the referrer
• $450 annual fee, but with a $450 annual Qantas 'credit'
• 1.25 points/$ for everyday spend, 2.25 at Qantas, 0.5 at government bodies

You'll also get two entries to the international amex lounge in either sydney or melbourne, a complimentary qantas wine membership, and two qantas lounge passes after your first spend on air travel with Qantas (eg flights, domestic or ex-AU flight redemptions, etc), and included domestic/international insurance. Check the T&Cs for all of these of course. Oh, and be sure to subscribe to the amex statement credits thread here on AFF for discussion of statement credit opportunities.

By signing up using a referral link you'll help us (or another forum member who might share their link below) get slightly closer to a holiday and points club!

Some further notes:

• While this current bonus is lower than historical rates of over 100-130k (and up to 50k for the referrer), you may (like I did) have other reasons to apply for the card, such as wanting to use the travel credit.
• It was recently announced that from 2025, after earning a total of 100k points in a calendar year, the ongoing everyday earn rate would reduce slightly. Take this into consideration if you plan to put an overwhelming amount of spend through the card.
• The card has a $3,000 minimum credit limit. The selection of a limit is towards the end of your application, after the credit check is done.
• As always, you need to have not held an amex for at least 18 months to be eligible for the bonus.
• Paying off the balance in full each month will help you to avoid incurring the high interest rates common to awards cards.
• In my experience, Amex usually award bonus points as soon as you hit the spend criteria, even in the first month. If you are aiming to time your bonus to hit points club or points club plus in a particular membership month, keep this in mind.
• Amex have in the past offered bonus points for adding supplementary/additional cardholders (eg. 5000 points to add a card for your spouse). It could be worth holding off adding additional cardholders until one of these promotions comes up.
• In the past, Qantas have offered extra bonus points for people who haven't held a points-earning-card in a certain period of time. It's worth checking their cards website to see if there's a current offer, as you could end up with tens of thousands of new points, even if you then come back here and apply for the card via a referral link.

Mrs Excel and I have held this card five times between us, and will be tremendously grateful if anyone does sign up through our referral link. If our link becomes maxxed out (Amex awards a maximum of 200k points to referrers each year - but we haven't had any referrals yet at the time of posting), we'll ask a mod to remove it to ensure the points are not wasted!

 

[exceladdict]

With the 31st of October now past, this offer seems to have reset to 60,000 points for the applicant, remaining at 20k for the referee. Please take note of this if you do wish to apply. I'll update or repost as another thread if and when the offer improves.