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Gift card churn value

ANZ Frequent Flyer Platinum (Existing Customers)

Ended — kept for reference

This page is my best effort to summarise the card's terms from the information I found. Read the bank's terms for full details, or contact the bank if you have questions.

I'd like to use my bonus for:

Can I get this?

This offer is only for existing customers of the bank.

Can I get this bonus if I have held a card before?

I have not checked the waiting period for this bonus.

See the waiting rules for every Australian bank →

What must I spend?

$2,500 within 90 days — about $833 per month.

Can I get the card?

The minimum credit limit is $6,000. This is the least the bank may let you borrow.

I do not have a minimum income for this card.

Meeting the bonus rules does not mean the bank will approve your application. The bank must assess and approve the card separately.

How long is this available?

The listed end date has passed: 13 October 2022. Date comparison uses the Australia/Sydney calendar. The issuer’s closing time and timezone are not recorded. Check availability with the issuer.

+ $200 cashback extra bonus
$250
x 2
$25
x 1
in Woolworths gift cards, $525 total, with 3,155 points remaining.

Should I keep it after the first year?

Keeping the card costs $295 each year ($295 annual fee) — the first year was $295.

There is no bonus in year two. The fee buys points on your spending, plus the card's perks.

Ongoing earn: 0.75x Qantas points per $1.

Keeping pays off only if the ongoing earn and benefits are worth $295/yr to you.

The maths behind churn value

$525 in Woolworths gift cards (108,720 of 111,875 Qantas points; 3,155 left over) − $295 card fee. Assumes you earn the bonus and pay in full; extra spend or interest changes the outcome.

This offer has ended. I keep this page so you can check the old terms.

+110,000sign-up bonus
+1,875from $2,500 spend
=111,875Qantas points
→$525in Woolworths gift cards
=3,155points left over
+$200cashback
−$295first-year fees
=$430churn value
What this calculation assumes
  • You make the required purchases and the bonus is paid.
  • You pay the balance in full — any interest changes the outcome.
  • The required spend is ordinary planned spending, not extra cost.
  • You close the card before the next annual fee, or you decide keeping it is worth that fee.
  • Gift card prices can change. I check them again at renewal time.

Did this help you make a decision?

OzBargain discussion for this card

Terms and evidence

Full current terms

Offer terms

Mid-TierOffer Ended

Signup Bonus

110,000 points

Qantas

Minimum Spend

$2,500

within 90 days (about 3 months)

Cash Bonus

$200Cashback

Offer Expires

October 13, 2022

4 years ago

Ongoing Earn Rate

0.75x points per $1 spent

Fees

First Year Annual Fee

$295

Ongoing Annual Fee

$295

From year 2 onwards

Purchase Interest Rate

20.00% p.a.

The value above assumes you pay in full and never pay this. Any interest changes the outcome.

Benefit history (27 changes)
  • Status CreditsRemoved Oct 2026
  • Travel InsuranceUpdated May 2026
  • Buy Now Pay LaterUpdated May 2026
  • Installment PlansUpdated May 2026
  • Extended Warranty InsuranceUpdated May 2026
  • Purchase Protection InsuranceUpdated May 2026
  • Rental Vehicle InsuranceUpdated May 2026
  • Points Transfer BenefitsUpdated May 2026
  • Digital Card IssuanceUpdated May 2026
  • Digital Wallet IntegrationUpdated May 2026
  • Balance Transfer OffersUpdated May 2026
  • Interest Free PeriodsUpdated May 2026
  • Travel InsuranceUpdated May 2026
  • Concierge ServiceUpdated May 2026
  • Travel InsuranceUpdated May 2026
  • Concierge ServiceUpdated May 2026
  • Purchase Protection InsuranceRemoved May 2026
  • Travel InsuranceUpdated May 2026

    Now Up to $20,000,000 cover · trips up to 90 days.

  • Extended Warranty InsuranceRemoved May 2026
  • Buy Now Pay LaterRemoved May 2026
  • Concierge ServiceUpdated May 2026
  • Balance Transfer OffersRemoved May 2026
  • Shopping BenefitsRemoved May 2026
  • Digital Wallet IntegrationRemoved May 2026
  • Rewards Program Elite StatusRemoved May 2026
  • Points Transfer BenefitsRemoved May 2026
  • Interest Free PeriodsRemoved May 2026
Offer terms history (1 version — old terms, for checking)

These are published versions of this offer's terms. Each version preserves the conditions available at that time.

Unknown publication date

First recorded terms

Bonus Qantas:
110,000
Bonus Cash:
$200
Annual Fee:
$295
Minimum Spend:
$2,500 in 90 days
Source wording history

Captures behind the selected terms record — evidence for these terms, not a complete history of the named offer.


Discussion

About these ended terms — not the current offer.


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