American Express Qantas Business Rewards Card

My monthly spend: 
$5,000
 
Offer
Card features
Rewards program
Earn rate
Sign up bonus
Points earned
American Express Qantas Business Rewards Card
Apply by 31 jan 18
100,000 bonus Qantas Points when you are approved by 31 Jan 2017 and spend $3,000 in 2 months.
Earn Triple Qantas Points for your business on eligible Qantas Flights.
Earn 2 Qantas Points per $1 spent on Qantas products and services.
Add to comparison
Qantas Business Rewards
Qantas Business Rewards
1.25 pts
per $1 spent
100,000
points
after spend criteria

Pros & cons

What's good?

What's not so good?

100,000 bonus Qantas Points when you are approved by 31 Jan 2017 and spend $3,000 in 2 months.
Earn into the Qantas Business Rewards Program.
Earn Triple Qantas Points for your business on eligible Qantas Flights.
Earn 2 Qantas Points per $1 spent on Qantas products and services.
Earn 1.25 pts per $1 spent on everyday purchases.
Enjoy up to two entries per year to the Qantas Club Lounge.
Large $450 p.a. annual fee.

Our review

Our review of the American Express Qantas Business Rewards CardReviewed by Yvonne Taylor

If the business charge card you are using now is nothing more than a convenient piece of plastic, it’s simply not working hard enough. The market for business charge cards and credit cards is intensely competitive, so you have the right to expect that your chosen card will be a tool that fits flawlessly into the way you do business, assisting with secure and convenient travel options, providing almost seamless interaction with your accounting system, and at the same time helping you to manage your cash flow and reduce expenses. Perhaps it’s time for you to seriously consider the American Express Qantas Business Rewards Card.

Get off to a flying start with 100,000 points

The exceptionally generous first purchase bonus of 100,000 points makes the card seriously tempting even before its other attractive features are considered. That’s more than enough for a one-way business fare to Los Angeles (96,000 points), saving your organisation serious money.

Or use the points for domestic flights – perhaps a business return fare from Sydney to Perth (72,000 points), plus an economy return fare between Melbourne and Brisbane (24,000 points). 100,000 points goes a long way.

In order to earn the bonus points you need to spend $3,000 in 2 months of holding the card, an amount that should not trouble even small businesses.

Earn QFF points at a high rate on Qantas purchases

Your business needs to be committed to flying Qantas to make the most of this card, because Qantas purchases earn the highest reward in the tiered points program:

  • 2.0 points per dollar spent on Qantas passenger flights and upgrades, Qantas Club and QFF membership fees
  • 1.25 pts per $1 spent on most other purchases, except
  • 0.5 pts per $1 spent spent with utilities and government bodies, and on non-Amex insurance policies

The Qantas purchases need to be very specific to earn the higher rate. Jetstar flights, Qantas holidays, and even Qantas flights not purchased through Qantas directly, will earn only one point per dollar.

There is no monthly or yearly points cap, and the points don’t expire.

The points will soon add up if you have one or more employees flying interstate several times a year, and any overseas trips will give your points account a significant boost.

Join Qantas Business Rewards and get additional TRIPLE points

The good news doesn’t end there, because Qantas not only lets businesses double dip on points, it rewards them with extra triple points if they pay with their American Express Qantas Business Rewards Card. Here’s how it works:

  • Join Qantas Business Rewards (a separate scheme from the regular Qantas Frequent Flyer program for individuals)
  • Amex will pay your Qantas Business Rewards joining fee of $89.50
  • Quote the passenger’s QFF membership number and your business ABN when a flight is booked
  • Pay for the flight with your American Express Qantas Business Rewards Card
  • The individual passenger receives QFF points and status credits for the flight AND the business receives QFF points at triple the rate earned by member businesses paying with a card that is not an Amex/Qantas co-branded corporate card. (These triple points are in addition to the 2.0 points per dollar earned by paying with the card.)

Calculating the points

As an example, let’s say a holder of an American Express Qantas Business Rewards Card pays $449 for a Qantas Flexible Economy fare from Sydney to Melbourne. The cardholder is a member of the Qantas Frequent Flyer program, and the employing business is a member of the Qantas Business Rewards program. Points will be earned as follows:

  • 1,200 QFF points and 20 status credit to the individual QFF member for taking the flight
  • 1,080 QFF points to the business for the same flight (triple the 360 points normally allocated by Qantas Business Rewards)
  • 898 QFF points to the business for paying with an American Express Qantas Business Rewards Card.

That’s a total of 3,178 Qantas points for taking a $449 flight. There is a warning that a threshold may apply to the number of triple points able to be earned in a given period, but there is no number specified.

Points are transferable

It gets even better. The QFF points earned by your business can be transferred to any individual QFF member. So you can choose between using them to reduce your business costs, or to reward employees, or to reward yourself and your family.

Additional Qantas Business Rewards benefits

There are more cost savings available. When your business becomes a Qantas Business Rewards member (at Amex’s expense) you will qualify for cost savings of 5% to 8% on eligible Qantas fares and 10% off Qantas Club membership.

Use QFF points to reduce your business expenses

You’re unlikely to blow your Qantas points on a toaster (unless there’s a serious need in the lunch room) because there are far better ways to reduce your organisation’s expenses. You can:

  • Exchange them for Qantas and Jetstar award flights (16,000 points for a Qantas return economy flight between Sydney and Melbourne, 12,800 points for the same journey with Jetstar, and 120,000 points for a return Qantas flight to London)
  • Exchange them for award flights with Qantas partner airlines: Emirates, British Airways, American Airlines, Cathay Pacific, Japan Airlines and more than 30 others
  • Use them to reduce the cost of flights with the Points Plus Pay system, getting approximately a one dollar reduction in the fare for each 100 points (points value varies with fare amount and number of points used)
  • Swap points for an upgrade to Premium Economy, Business or First seats (5,000 points to upgrade a Sydney-Melbourne seat from Qantas Flexible Economy to Business)
  • Book a range of accommodation – choose from 100,000 hotels worldwide
  • Hire cars from Avis and Budget in Australia and New Zealand
  • Use points to join or renew membership with Qantas Club.
  • Buy office equipment such as computers, printers and mobile phones at the online Qantas Store

That’s a lot of practical ways to keep your business costs down with QFF points, but if staff morale is your priority you could also allow your employees to have points earned by their individual cards credited to their personal QFF account. As long as no employee earns more than 250,000 points per year, there should be no need to declare them for FBT purposes.

American Express AccessLine solves the card acceptance problem

The former gripe about the limited acceptance of Amex cards no longer applies to business card customers. You can still pay your suppliers with your Amex card, even if they don’t accept payment by Amex, through the intermediary system AccessLine. This means that you can now earn QFF points, and take advantage of the ‘Up to 51 days on purchases’, on all your business expenses

Complimentary lounge passes

Your business will receive two complimentary domestic Qantas Club lounge passes every year, once you have used the card in that year to pay for a Qantas flight or Qantas Club fees. Even if you are already a Qantas Club member yourself, you can use the passes to extend the benefit of pre-flight relaxation to your most valued employees.

Complimentary insurance adds an extra level of security to your business travel

While most business owners would probably consider purchasing travel insurance to cover employees on overseas trips, they may think twice about incurring an expense for domestic travel insurance. Fortunately, with this card there’s no need to weigh the cost against the potential liability since both international and domestic travel insurance are automatically included when either the card or QFF points are used to pay trip fares.

Nor is it just the kind of basic insurance that would cover Mum, Dad and the kids on a short holiday. Although personal travel is not excluded from the policy, it goes far beyond the usual emergency medical expenses and loss of luggage cover. Instead, the focus is on the sort of protection from unforseen events needed by business travellers and the organisations which employ them. Trips of up to 62 days’ duration are insured, with a maximum of 120 days annual cover per cardholder. The eight policies included are:

  • Medical emergency expenses, essentially for overseas travel, but it will also cover transport and accommodation costs, as well as medical costs not covered by Medicare, in the event of an emergency while travelling within Australia
  • Baggage, money and documents cover for damaged, destroyed, lost or stolen items (e.g. $2,500 cover for a laptop)
  • Travel inconvenience cover for delayed or cancelled flights, delayed luggage, missed flight connections, and denied boarding as a result of overbooking
  • Travel cancellation cover* for non-refundable deposits and pre-paid costs if your trip is unavoidably cancelled because of situations such as jury duty, serious illness or death
  • Transport accident cover, providing cash compensation for loss of life, limb or eyesight as a result of an accident on public transport or a commercial flight
  • Card account balance waiver – in the event of a successful transport accident claim, the card account balance (up to a maximum of $20,000) is waived
  • Business trip completion cover pays for an alternative person to complete a business trip where the original traveller’s trip was interrupted by serious illness or injury, or the accidental death of a close relative
  • Personal liability cover, when incurred during a trip

This is serious business insurance. You could save a lot of money by removing the need to purchase these policies in the retail market. And there’s no messing around with unnecessary extended warranty, purchase protection and guaranteed pricing cover, which belong in the sphere of personal cards.

A card that understands how your accounting system works

You and your employees can waste a lot of time tracking, validating and approving travel and entertainment expenses and other company purchases, and then transferring the resulting data into the appropriate expense headings or cost centres in the profit and loss statement. Wouldn’t you like to use a card that made it all so much easier, saving you both time and money?

The American Express Qantas Business Rewards Card will provide you with a monthly account statement that separately lists each cardholder’s transactions under various expense headings, as well as consolidating the expense types for the entire account and isolating GST. Up to six months’ historical data can be accessed online, and results can be downloaded to Quicken, MYOB and Excel for greater management flexibility. The BAS and year-end tax returns will still be a headache, but a more manageable one.

Additionally, you can arrange to receive instant alerts by SMS to monitor the account balance, advise payment due dates and confirm receipt of payments. And if you use your card with Apple Pay, it becomes a speedy, convenient digital wallet.

A card that helps you manage your business cash flow

It’s important to understand that this is not a credit card, but a charge card. There is no opportunity to make a balance transfer to the card, or to make a minimum or part repayment of the account balance on the payment due date. There are no interest rates quoted, because paying interest is not an option. Because it’s a charge card you will be expected to pay the account balance in full every month.

Even so, you can still get Up to 51 days on purchases each month, because you will not have to pay for the charges made until 20 days after the end of the billing cycle. If you arrange with your suppliers to accept prompt payment of their accounts by charge card at the beginning of your card’s billing cycle, you can leave the cash in the bank for seven weeks while keeping your creditors happy.

Credit cards have a fixed credit limit, a restraint that may see you hitting your credit ceiling before the month is out. But charge cards have no fixed limit and as a result you can usually access more extensive financing of your business needs. It doesn’t mean your credit will be unlimited – Amex will have an amount on file that reflects both your spending history and your known financial resources – but it will certainly be more flexible and will grow with your business.

A card that more than pays for itself

Even after the first year, the card you use for business expenses should never itself be an expense. Although there’s a cost attached, in the form of an annual fee, the bottom line should be net revenue or net cost reduction.

In this case the annual fee is $450 p.a., but there’s no charge for up to 99 supplementary cards. If each card is earning Qantas Frequent Flyer points, maximising credit usage and activating complimentary insurance cover (removing the need for expensive separate policies), the result is actually a decrease in expenses.

The American Express Qantas Business Rewards Card will fit your business if –

  • You, and possibly your employees, travel regularly on Qantas
  • You are looking for extensive and flexible credit to cover your regular business costs while helping you control your cash flow
  • You are prepared to pay the account balance in full every month
  • You need a monthly card account reporting method that will fit in with your accounting system and the requirements of the ATO
  • You want to keep your business insurance costs down by taking advantage of complimentary, business-oriented insurance cover
  • You want to keep your general business costs down by using QFF points for travel and other purchases
  • You want to enjoy the extra points and benefits that come with Qantas Business Rewards
  • You want to get your hands on those 100,000 points

Looking for a card that more than pays for itself? You’ve found it.

The basics

About this card

Card setup
Single
Card tier
Premium
Card type
American Express
Card use
Business
Credit rating
Good
Gambling transactions allowed
No
Joint application
No
Minimum age
18 years old
Minimum income
$24,000
Minimum income for pensioners
$Same as standard
Pensioners
N/A
Rewards program
Qantas Business Rewards
Temporary residents
No

Cardholders

Additional cardholders
99
Additional card fee
$0 p.a.

Credit limits

Minimum credit limit
N/A
Maximum credit limit
N/A

Repayments

Interest charged from
Purchase Date
Interest free period
Up to 51 days on purchases
Minimum repayment
N/A

Rates & fees

Ongoing interest rates

MonthlyAnnually
Cash advances N/A N/A
Purchases N/A N/A

Fees

Annual fee
$450 p.a.
Cash advance fee
N/A
Dishonour fee
N/A
Duplicate statement fee
N/A
Foreign exchange fee
3%
Late payment fee
$30
Over limit fee
N/A
Overseas ATM balance fee
N/A
Overseas ATM withdrawal fee
N/A
Overseas emergency card replacement fee
N/A
Transaction verification fee
N/A

Rewards & points

Rewards program basics

First purchase bonus
100,000 points
Reward points expiry
No expiry as long as you keep your account active (earn or redeem points within a 18 month period)
Rewards program
Qantas Business Rewards
Spend required for bonus points
$3,000 in 2 months

Earning points with this card

Frequent flyer points
1.25 pts per $1 spent
Overseas earn rate
Same as standard earn rate
Points cap per month
N/A
Points cap per year
N/A
Points earned on ATO payments
N/A
Reward points
1.25 pts per $1 spent

Additional benefits

Airport lounge access
Yes
Complimentary flight voucher
No
Concierge service
Yes

Benefits

This card comes with benefits worth an estimated $1,694

TravelEstimated value
Interstate flight inconvenience insurance
Valuation based on similar domestic travel insurance policies available online that include interstate flight inconvenience.
$290
Overseas travel insurance
Valuation based on similar annual travel insurance policies available online. Includes cover for several items including card account balance waiver and business trip completion.
$1,254
Transit accident insurance
Valuation based on similar global transit accident insurance policies available online.
$150
Total estimated value$1,694
Annual fee$450
Net customer value$1,244
Disclaimer: Details of who, what, and where coverage applies to, as well as its duration and any coverage limitations will be listed in the credit card insurance product disclosure statement (PDS) on the card issuer's website. The names/labels of complimentary insurance products may differ from one issuer to another. Terms and conditions apply. Always check the insurance PDS when considering a financial product. Accurate as of 31st October 2015.

Minimum criteria for this card

What you need before applying

Be over 18 years old
You are a resident or citizen of Australia
Earn a regular income of more than $24,000 per year
Have a good credit history
You have your personal details ready to complete the online application
Have not applied for multiple credit cards recently
Joint applications are not allowed
Temporary residents are not eligible
Disclaimer: The minimum criteria pointers are intended only to be a guide. Your application may still be rejected by the bank even if you can answer 'Yes' to all the minimum criteria. The final decision regarding your application is up to the bank.

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