Qantas American Express Ultimate Card 50,000 bonus Qantas Points offer

The Qantas American Express Ultimate Card is currently offering 50,000 bonus Qantas Points for eligible new American Express card members who apply online by 28 July 2026, are approved, and spend $5,000 on eligible purchases within the first three months from approval. The card page lists an annual fee of $450 and an earn rate of up to 1.25 Qantas Points per dollar spent, with different earn rates for Qantas products, everyday purchases and government spend.

The Reward Pilot take

This is the kind of offer that can be useful, but only if the card suits you.

50,000 Qantas Points is a meaningful bonus for someone building a Qantas balance. It could help with domestic flights, upgrades or topping up toward a larger redemption.

But the bonus is only one part of the picture.

You also need to look at the annual fee, the minimum spend, the earn rate and whether American Express is accepted where you normally shop.

Who this could suit

This could suit someone who:

Wants to build a Qantas Points balance.

Can comfortably meet the minimum spend using normal purchases.

Pays their card balance in full.

Will use the card benefits enough to justify the annual fee.

Watch before applying

Do not apply just because of the points.

Check the eligibility criteria, the annual fee, the spend requirement and the exclusions. Card fees, interest, late payment fees, cash advances, balance transfers and some other transactions may not count as eligible purchases.

And the big one: if you pay interest, the points game can fall apart quickly.

Final boarding call

This could be a strong Qantas Points offer for the right person.

But it should fit your actual spending and travel plans. Points are useful. Debt is not.

Official offer: Qantas Cards and Banking page for the Qantas American Express Ultimate Card.

Important: Credit card information is general only and does not take your personal circumstances into account.