American Express Frequent Flyer Credit Cards
Posted November 8th, 2011 and last modified May 17th, 2013
American Express is known for giving you the finer things in life, and for those who travel both domestically and abroad on a regular basis, automatic membership to the Qantas frequent flyer scheme is just one good reason why your next rewards based credit card should be an American Express card.
There are a whole range of frequent flyer credit cards available from American Express, so let’s jump straight in and have a look at some of the cards on offer.
Frequent Flyer Credit Cards From AMEX
The American Express Velocity Platinum Credit Card
| Interest rate | 20.74% |
| Balance transfer rate | Not available |
| Annual fee | $349 |
| Reward points | Up to a possible 3 Velocity points for each $1 spent |
| Interest free days | Up to a maximum 44 days |
| Minimum earnings | $65,000 |
| Sign up bonus | 50000 Frequent flyer points |
Pros- This card is ideal for regular spenders who like to travel. You can earn up to a whopping 3 frequent flyer points for each dollar spent, so if you do most your monthly transactions on your card and pay them off in full on time you’ll quickly accrue points.
You also receive both domestic and international travel insurance which will save you time and money. There’s also insurance to cover you against any travel delays or flight cancellations.
Additionally there’s dedicated customer services, and fraud protection to keep you covered at all times. If you like being looked after this card will suit you down to the ground.
Cons- The annual fee is pretty high at $349 per year, and there is no balance transfer rate available. It means this card is no good for those looking to save money on existing credit card debt.
American Express Credit Card Comparison
The American Express Gold Ascent Card
| Interest rate | 20.74% |
| Balance transfer rate | Not available |
| Annual fee | $0 |
| Reward points | 1 point for every $2 spent |
| Interest free days | Up to a maximum 44 |
| Minimum earnings | $40,000 |
| Sign up bonus | None |
Pros- This card breaks the mould of frequent flyer credit cards charging no annual fee whatsoever. There is also a fairly low interest rate, and up to 44 days interest free, giving you plenty of time to pay for your purchases without being charged extra.
Cons- This card lacks in some of the bonus features it’s more dynamic cousins offer. With no travel insurance, car rental, or inconvenience insurance included. You also need to spend $2 to earn 1 reward point meaning you need to work harder to amass your points.
The American Express Qantas Premium Credit Card
| Interest rate | 20.74% |
| Balance transfer rate | Not available |
| Annual fee | $249 |
| Reward points | 1.25 FFP for every $1 spent |
| Interest free days | Up to a maximum 44 |
| Minimum earnings | $40,000 |
| Sign up bonus | Up to 7500 FFP |
Pros- Important travel insurance is back on the menu with this product, as is a nice sign up bonus. There’s also a lower annual fee for the first year of $149, a saving of $100 on the normal yearly charge.
Cons- There aren’t many drawbacks with this card, other than the fact there is no balance transfer rate, and that the annual fee goes up after the first year.
This should give you a taster of the AMEX frequent flyer credit card range. If you want to find out more than why not check out the rest of the cards on offer, and see whether AMEX have the perfect travel rewards credit card for you.
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* The credit card offers compared on this page are chosen from a range of credit cards CreditCardFinder.com.au has access to track details from and is not representative of all the products available in the market. Products are displayed in no particular order or ranking. The use of terms 'Best' and 'Top' are not product ratings and are subject to our disclaimer. You should consider seeking independent financial advice and consider your own personal financial circumstances when comparing cards.