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The Best Qantas Credit Cards for Earning Frequent Flyer Points

Compare Qantas Frequent Flyer Points-earning credit cards; our review covers each credit card's fees, points-earning rates, interest rates and signup bonuses, as well as how to convert credit card points into Qantas Frequent Flyer Points.
Updated 3 August 2024
Summary
  • The only credit cards currently available that earn Qantas Frequent Flyer points in New Zealand are American Express cards and BNZ cards.
  • For AMEX, the card most popular with Qantas frequent flyers is the American Express Gold Rewards Card ($200/year fee).
  • For the BNZ, 200 BNZ Points = 50 Points, and there is a minimum transfer of 400 BNZ Points. Two cards earn BNZ points, as outlined on the BNZ website, but the rate of earning is very low. For example, a $100 spent = 100 and 167 BNZ points with the BNZ Advantage Visa Classic and BNZ Advantage Visa Platinum, which translates to 25 and 41.75 Qantas points. This is 25% to 42% of the points an AMEX card earns for the same spend, which we deemed to be very poor. For this reason, we have not focused on the BNZ cards, but you can review them here.
  • Please note, some ANZ and credit cards from other banks historically offered Qantas Frequent Flyer points as a reward for spending, but these are no longer offered to the public. If you have one of these cards, you'll continue to earn Qantas points but if you cancel it you won't be able to apply for it again.

Understanding AMEX and Qantas:
  • American Express offers two credit cards which earn Membership Rewards Points; both cards earn 2 Membership Rewards Points per NZ$1 spent. You can then convert Membership Rewards Points into Qantas Frequent Flyer Points at a rate of 2:1 (2 Membership Rewards points = 1 Qantas Point). The estimated transfer time is up to one business day, and the minimum transfer amount is 500 Membership Rewards Points.
  • We calculate that both American Express cards effectively earn Qantas Points at a rate of $1 spent = 1 point, given the American Express earning rate ($1 = 2 Amex points) and the conversion rate (2 Amex points = 1 Qantas point).
  • American Express periodically offers signup bonuses of Membership Rewards Points, which can be automatically converted into Qantas Points.
  • With Qantas flying from Auckland to all the main Australian cities and directly to New York in 2023, more people are looking at Qantas-related credit cards to boost the points they have from flights.

In this guide, we look at the pros and cons of having an American Express credit card, the Qantas points-earning options and must know facts. Our guide covers:
Read this First
  1. Our guide has been written to appeal to anyone looking to earn Qantas Frequent Flyer points beyond flying Qantas or a partner airline.
  2. Cardholders earn Membership Rewards points; what you earn depends on how much you spend.
  3. Our guide is informational only and does not constitute financial advice.
  4. As stated above, American Express credit cards are provided directly by American Express. This means cards are not available through banks or finance companies.
  5. Qantas Frequent Flyer is one of many partners American Express offers points. You can transfer to any of the partners, as outlined in our review here.

Advertising Disclaimer: We may receive a payment if you sign up for a credit card via MoneyHub - please read our advertising policy for more details. 

MoneyHub Founder Christopher Walsh shares his views about the Qantas Frequent Flyer Program and Choosing a Points-Earning Credit Card:

"New Zealand banks have given up on offering Qantas points-earning credit cards and left American Express to own the space with two credit cards. You'll earn 'Membership Rewards Points' which can be transferred into Qantas Frequent Flyer points for free (at a rate of 2:1) on demand. This means 1 NZD spent on a points-earning American Express card = 1 Qantas point".

"Unlike Air New Zealand credit cards, you can't earn status points on American Express spend. This means that anyone looking to qualify (or renew) as a Silver, Gold or higher will need to fly and won't be able to rely on credit card spending to get a status point boost". 

"There's a lot to like about Qantas and its announcement of direct Auckland to New York flights, a refurbishment of its Auckland lounge and new international routes out of Australia that connect well with New Zealand flights. It's arguable that Qantas sees New Zealand as a focus region. While it's arguably the Air New Zealand Airpoints program is better, Qantas has a wider international ".

"American Express helps bridge the gap by swapping its Membership Rewards points for Qantas points. However, as with any credit card, all the benefits are lost if you don't pay the balance in full every month".

"Whatever you decide, make sure it's the best for your immediate needs. There's no point getting a card "for later," as you'll either overpay and/or get the wrong rewards. For this reason, we've explained the cards in detail to help your decision-making process. If you are in any doubt about what you can afford, it's likely that the best credit card is "no credit card".
Christopher Walsh
MoneyHub Founder
MoneyHub's Qantas Frequent Flyer Points-Earning American Express Cards - apply in minutes for a credit card that delivers the best value for money based on your needs.
  • Our research highlighted two leading AMEX cards that reliably and consistently reward New Zealanders with Qantas points and offer many benefits, perks and award-earning opportunities.
  • Please note both cards earn at a rate of 2 Membership Rewards points for every $1 spent. You can convert your balance to Qantas; 2 Membership Rewards points = 1 Qantas Frequent Flyer Point.
  • For example, if you spend around $4,000 a month on your credit card, you'll earn around 48,000 Qantas Frequent Flyer points per year.
  1. Our pick for earning Qantas Frequent Flyer Points (most popular): The American Express Gold Rewards Card - $200/year fee. You'll also get a $200 statement credit when you apply online, are approved and spend $1,500 on your new card within the first 3 months. New Card Members only.
  2. ​Important: MoneyHub suggests that anyone unable to pay off a monthly credit card balance should look for an alternative source of credit. Most credit cards, with AMEX being no exception, charge interest rates that can make repayments challenging to manage.

American Express Credit Cards - General and Specific Pros and Cons

Pros:
  1. The only New Zealand credit cards to earn Qantas Frequent Flyer points - $1 spent = 1 Qantas point (based on current conversion rates).
  2. Travel perks – both cards offer free travel insurance, bonuses for joining and bonuses.
  3. Favourable Customer Dispute Terms – if you experience fraud or wish to question a transaction, American Express will actively fight in your corner.
  4. Customer Service – With American Express, you have a direct line, but if you use Visa and Mastercard, you'll have to deal with your bank. Most New Zealand banks use a multi-option call centre for credit card help with standard office hours. Any troublesome issues may be ‘referred’ to Visa or Mastercard for ‘review’ and 'decision'. American Express operates specific 0800 hotlines which are open 24/7 and makes decisions directly.
  5. Cards are increasingly accepted at major New Zealand retailers – you can use an American Express card at Countdown, New World, PAK'nSAVE and other supermarkets. Other retailers include most petrol stations and airline websites.
  6. You don't need to convert points to Qantas - there are dozens of partners and reward options

Cons:
  1. Many non-chain retailers don’t accept it – unlike Mastercard and Visa, which is primarily due to the high merchant fee Amex charges and favourable cardmember terms when disputes are raised.
  2. ​Membership points partnerships – if you don’t spend at least $20,000 a year, a points-earning card would struggle to offer value.

Beyond Qantas Frequent Flyer Points Conversion - Explaining American Express Membership Rewards Points

Membership Rewards is American Express' awards program. You earn different numbers of points depending on where you spend. These points can be redeemed for Qantas Frequent Flyer points as well as vouchers from supermarkets, travel agents and online.

For example, if a card earns 2 points for every $1 spent, $8,000 spent at Petrol Station Partners = 16,000 Membership Reward Points. This converts to:
  • 8,000 Qantas Frequent Flyer points
  • $100 Bunnings Gift Card (1.26% reward value)
  • $100 New World Voucher (1.26% reward value)
  • 107 Air New Zealand Airpoints Dollars (1.34% reward value)

Membership Rewards - Our Thoughts:
  • If you spend $200 to $300 a week on groceries and petrol, the rewards are significant, and the flexibility of reward options makes the points useful.
  • Our view is that it's one of the best reward schemes available, when compared to the reward schemes offered by a number of New Zealand banks. You keep the flexibility of a range of choices to redeem American Express points which never expire.
  • You can read more about Membership Rewards Points here.

The Best Qantas Frequent Flyer Points-Earning Credit Cards

There are currently two Qantas-earning American Express credit cards offered:

Best Card for Diners and Travellers: The American Express Gold Rewards Card

Basics:
​Annual Fee: $200
Airpoints or Membership Rewards? Membership Rewards
Annual percentage interest rate: 19.95% p.a.
Bonus offer: $200 statement credit when you apply online, are approved and spend $1,500 on your new Card within the first 3 months. New Card Members only. 
Earn Membership Rewards: The Gold Card earns at a rate of 2 points for every $1 spent. You can use Membership Reward points to pay for travel with American Express directly, or you can convert them to other airline and hotel programs.
Conversion Rate: 2 Membership Rewards points = 1 Qantas Frequent Flyer Point.

Read more: AMEX Gold Rewards Card Review

​Benefits include:
  • Two $100 dining credits every year - American Express has a number of dining partners throughout New Zealand. If you visit them and spend over $100 on one bill, you’ll get $100 credited to your statement. The dining credit resets every six months. The participating restaurants are located all over New Zealand, although Auckland, Wellington and Queenstown have the widest choices.
  • Comprehensive domestic and international travel insurance.
  • There is no supplementary card fee.

Learn more or apply

Applying for an American Express Credit Card

To apply for any American Express credit card, you will need to:
  1. Be over 18 years of age.
  2. Have a good credit history.
  3. Be a permanent resident or citizen of New Zealand.
  4. Meet the minimum income criteria for your chosen Card.
  5. If you are self-employed, you will need to have been trading for at least 18 months or 12 months if you have an existing American Express-issued Card.

You will need to provide:
  1. A copy of your New Zealand driver’s licence (if you hold one)
  2. Personal information, including your current address details.
  3. A current email address and a mobile or landline number.
  4. Financial Information, including your annual income, household income (if married/de facto), monthly living expenses, employment details, superannuation (if retired), or other sources of income.
  5. Details about any other credit cards and loans you have and their balances.

Final steps:
  1. American Express will perform a credit check to assess your financial history
  2. After that, American Express will assess your credit card application and provide a response in between 5 and 10 working days from when you submit your application.

Five Must-Know American Express Credit Card Facts

​Selecting a Membership Rewards Points American Express needs consideration

  • Qantas doesn't fly domestically in New Zealand, beyond Jetstar, so any points you transfer to Qantas Frequent Flyer will likely be used for international travel.
  • If you don’t fly that often (whether on Qantas or not) and don’t spend a regular amount on a credit card, it may be worth considering the American Express Airpoints Card which earns Air New Zealand Airpoints Dollars but doesn’t charge an annual fee. These can be redeemed widely by flying Air New Zealand, a partner airline, or at the Airpoints Store.

Our view:
  1. For anyone looking for a Qantas credit card, the entry-level American Express Gold Rewards Card ($200/year fee) offers value by way of travel insurance, dining vouchers and one Qantas Point with every $1 spent.
  2. As an example, spending an average of $2,500 per month will earn you over 30,000 Qantas Points.

Where you spend makes a big difference when it comes to earning Qantas Points

Important: Your ability to earn rewards will also depend on where you spend and whether or not American Express is accepted. Supermarkets, petrol stations and big retailers are almost certain to accept American Express, but independent retailers may be a different story. For this reason you'll need to have a debit card as a backup.

To earn Qantas Points, you'll need to be a member of Qantas Frequent Flyer

Signing up is usually free, with many offers available online to do so. There are no annual fees to be a Qantas Frequent Flyer member.

American Express cardholders are offered curated tickets via ‘American Express Experiences’

Generally, American Express states that for certain concerts and events, cardholders have access to ‘the best-reserved tickets’.

American Express Membership Rewards Points don't expire

Membership Rewards points have no expiration date. However, points may be forfeited if you breach the terms and conditions of the program. You can also decide when to convert points into Qantas points, and this usually takes around one business day to process and appear in your Qantas account.

Frequently Asked Questions

What credit cards can earn Qantas Points?

Only the American Express Gold Rewards Card ($200/year fee). 

What credit card earns the most Qantas Frequent Flyer Points?

Both American Express cards give the same points (1 Point per $1 spent) since they earn the same amount of Membership Rewards Points, and the transfer/conversion rates to Qantas are the same. However, each card has a different one-off signup bonus which means the Gold card offers fewer Qantas points in this sense.

What is the best frequent flyer credit card in New Zealand? Is it a Qantas Points Card or Air New Zealand Airpoints Card?

The answer depends on how much you spend per year and your travel or lifestyle demands. Our Air New Zealand Airpoints-earning credit cards review offers alternative cards that arguably offer increased flexibility (by way of Airpoints' ease of use). Saying this, many New Zealanders happily earn Qantas points using American Express cards and have no plans to change their habits.

Are Qantas Frequent Flyer credit cards worth the annual fee?

Qantas Frequent Flyer credit cards have value if you can redeem the points. However, it all depends on how much you spend per year - the more you do, it's likely the greater the rewards relative to the annual fee.

Credit Cards vs Charge Cards - What's the Difference?

  • Our review of American Express credit cards only looks at credit cards - the charge card offered by American Express has an annual fee > $1,000 which we believe makes it an unrealistic option for most New Zealanders.
  • Charge cards look and behave like a credit card, but it doesn’t charge interest if you pay the balance late. Instead, a late fee is charged, which for the American Express Charge Card is currently $20 or 3.25% of the balance, whichever is the greater.
  • This means if you spend $5,000 and don’t make the repayment by the due date, you’ll be charged a whopping $162.50, which will be added to the balance. You’ll continue to pay the late fee every month until the balance is cleared.
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