Bankwest Qantas Platinum Mastercard
The estimated gift card value does not cover the first-year fees. The fees are $99 higher.
You pay $199 in first-year fees.Spend $4,000 in 120 days.You get $100 in Woolworths gift cards.
The recorded minimum requirements are that you can take a credit limit of at least $1,000. Meeting them does not guarantee approval.
Available
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 advertised to the public. Bonus conditions and the bank’s approval requirements still apply.
Can I get this bonus if I have held a card before?
Have not held a Bankwest Qantas Mastercard account in the last 36 months. The wait is 36 months, from the last date you held one of these cards. If you hold one now, you cannot get this bonus.
See the waiting rules for every Australian bank →What must I spend?
$4,000 within 120 days — about $1,000 per month.
Can I get the card?
The minimum credit limit is $1,000. 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?
I do not have an end date for this offer.
What do I do, step by step?
- Apply. Check the income and waiting rules in “Can I get this?” first. If you do not pass those, the bonus does not come.
- Spend $4,000 in 120 days on bills and shopping you had to pay anyway. Do not buy extra things just to hit the number.
- Pay in full each month. Interest can eat the whole bonus. The churn value at the top assumes you never pay interest.
- Use the points for gift cards. Points you never use are worth zero.
- Close the card before the next fee — keeping it costs $199 a year. The next section helps you decide if keeping it is worth it.
When this is not worth it
- You pay interest, or you cannot pay in full each month.
- You buy things you do not need to hit the spend target.
- You have no trip or use in mind for the points.
- You keep the card into year two out of habit and pay the fee again.
Should I keep it after the first year?
Keeping the card costs $199 each year ($199 annual fee) — the first year was $199.
The year-two bonus is 20,000 Qantas points.
Ongoing earn: 0.60x Qantas points per $1.
Keeping pays off only if you meet the second-year conditions and use the points and benefits enough to cover $199/yr.
What else makes the card useful?
Purchase protection
Cover on things you buy with the card. Limits, excesses, and activation conditions apply.
- Purchase Protection Insurance Compare across cards →Purchase Security cover for personal goods charged to the card (or acquired using points): reimburses the actual amount charged or market value, up to $125,000 total in a 12-month period ($3,000 sub-limit for jewellery, watches and fine arts); $250 excess applies.
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Purchase Security cover for personal goods charged to the card (or acquired using points): reimburses the actual amount charged or market value, up to $125,000 total in a 12-month period ($3,000 sub-limit for jewellery, watches and fine arts); $250 excess applies.
- Extended Warranty Insurance Compare across cards →Extended Warranty cover on eligible goods charged to the card (or acquired using points), up to $30,000 total in a 12-month period; $250 excess applies.
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Extended Warranty cover on eligible goods charged to the card (or acquired using points), up to $30,000 total in a 12-month period; $250 excess applies.
Travel
Travel cover and perks. Most need qualifying bookings or payment with the card.
- Travel Insurance Compare across cards →Complimentary Overseas Travel Insurance for Bankwest Qantas Platinum Mastercard cardholders (and spouse/accompanied children travelling on the same itinerary): covers up to 31 consecutive days per journey, unlimited overseas emergency medical and hospital expenses, $2,500,000…
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Complimentary Overseas Travel Insurance for Bankwest Qantas Platinum Mastercard cardholders (and spouse/accompanied children travelling on the same itinerary): covers up to 31 consecutive days per journey, unlimited overseas emergency medical and hospital expenses, $2,500,000 personal liability, $25,000 accidental death cover each for cardholder and spouse, and $20,000 baggage and personal goods cover (cardholder only) or $30,000 with family; a $250 excess applies to most claims.
- Transit Accident Insurance Compare across cards →Complimentary Transit Accident cover for international trips fully charged to the card: from $250,000 up to $500,000 per person depending on the extent of injury, with an aggregate limit of $2,500,000 for one accident.
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Complimentary Transit Accident cover for international trips fully charged to the card: from $250,000 up to $500,000 per person depending on the extent of injury, with an aggregate limit of $2,500,000 for one accident.
Everyday savings
Discounts and cashback on spending. Activation and caps vary.
- Shopping Benefits Compare across cards →Price Guarantee: reimburses up to $1,000 if you find the same item cheaper elsewhere, where the price difference is more than $75.
These amounts are not included in the bonus calculation.
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Price Guarantee: reimburses up to $1,000 if you find the same item cheaper elsewhere, where the price difference is more than $75.
Account management
Tools for running the account — repayment helpers, not reward value.
- No International Transaction Fee Compare across cards →No foreign transaction fees or overseas ATM fees for Platinum or World cardholders on purchases made overseas, or online where the merchant or processing institution is located overseas.
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No foreign transaction fees or overseas ATM fees for Platinum or World cardholders on purchases made overseas, or online where the merchant or processing institution is located overseas.
- Installment Plans Compare across cards →Easy Instalments: spread the cost of up to five eligible purchases (each between $100 and $10,000) over four monthly instalments at 0% p.a.
This is a repayment plan. It does not add reward value.
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Easy Instalments: spread the cost of up to five eligible purchases (each between $100 and $10,000) over four monthly instalments at 0% p.a.
- Digital Wallet Integration Compare across cards →Digital wallet support lets you start spending instantly without needing a physical card.
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Digital wallet support lets you start spending instantly without needing a physical card.
- Digital Card Issuance Compare across cards →Create a single-use or multi-use virtual card in the Bankwest app to make purchases without using your regular card details.
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Create a single-use or multi-use virtual card in the Bankwest app to make purchases without using your regular card details.
- Online Banking Features Compare across cards →Bankwest app money tools show what you owe, send repayment alerts, and track transactions, subscriptions and spending; plus biometric login, card locking and real-time notifications for unusual activity.
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Bankwest app money tools show what you owe, send repayment alerts, and track transactions, subscriptions and spending; plus biometric login, card locking and real-time notifications for unusual activity.
- No Annual Fee Compare across cards →No credit card annual fee when the card is held as the optional eligible credit card in a Complete Home Loan Package (one card per customer); terms and conditions apply.
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No credit card annual fee when the card is held as the optional eligible credit card in a Complete Home Loan Package (one card per customer); terms and conditions apply.
- Interest Free Periods Compare across cards →Up to 44 days interest free on purchases; not applicable to cash advances or balance transfers.
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Up to 44 days interest free on purchases; not applicable to cash advances or balance transfers.
- Balance Transfer Offers Compare across cards →2.99% p.a. introductory rate on balance transfers for the first 9 months after the card is approved (reverting to 19.99% p.a. ongoing); no promotional balance transfer fee; new Bankwest Qantas Mastercard customers only.
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2.99% p.a. introductory rate on balance transfers for the first 9 months after the card is approved (reverting to 19.99% p.a. ongoing); no promotional balance transfer fee; new Bankwest Qantas Mastercard customers only.
$100 in Woolworths gift cards (20,730 of 22,400 Qantas points; 1,670 left over) − $199 card fee. Assumes you earn the bonus and pay in full; extra spend or interest changes the outcome.
This offer is open now (terms from 14 Oct 2026).
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?
Earn 0.6 pts/$1 on first $2,500/month then 0.15 pts/$1. Second year bonus of 20k requires keeping account open for 15 continuous months. No foreign transaction fees.
Terms and evidence
Full current terms
Offer terms
First Year Points
20,000 points
Qantas
Second Year Points
20,000 points
With $199 annual fee
Minimum Spend
$4,000
within 120 days (about 4 months)
Ongoing Earn Rate
0.60x points per $1 spent
Fees
First Year Annual Fee
$199
Ongoing Annual Fee
$199
From year 2 onwards
Purchase Interest Rate
19.99% p.a.
The value above assumes you pay in full and never pay this. Any interest changes the outcome.
Benefit history (24 changes)
- No Annual FeeUpdated Aug 2026
- Extended Warranty InsuranceUpdated Aug 2026
- Purchase Protection InsuranceUpdated Aug 2026
- Transit Accident InsuranceUpdated Aug 2026
- Travel InsuranceUpdated Aug 2026
- Interest Free PeriodsUpdated Aug 2026
- No International Transaction FeeUpdated Aug 2026
- Balance Transfer OffersUpdated Aug 2026
- Installment PlansUpdated Aug 2026
- Digital Card IssuanceUpdated Aug 2026
- Digital Wallet IntegrationUpdated Aug 2026
- Online Banking FeaturesRemoved Jul 2026
- Digital Card IssuanceUpdated Jul 2026
- Digital Wallet IntegrationUpdated Jul 2026
- Extended Warranty InsuranceUpdated Jul 2026
- Transit Accident InsuranceUpdated Jul 2026
- Purchase Protection InsuranceUpdated Jul 2026
- Travel InsuranceUpdated Jul 2026
- Balance Transfer OffersUpdated Jul 2026
- Interest Free PeriodsUpdated Jul 2026
- No Annual FeeUpdated Jul 2026
- No International Transaction FeeUpdated Jul 2026
- Points Transfer BenefitsRemoved Jul 2026
- Installment PlansUpdated Jul 2026
Offer terms history (8 versions — old terms, for checking)
These are published versions of this offer's terms. Each version preserves the conditions available at that time.
Published 14 Oct 2026
Availability changed from ended to available; conditions unchanged.
No recorded term changes from the previous version.
No recorded term changes from the previous version.
Changes from terms version 4
Changes from terms version 3
Changes from terms version 2
Changes from terms version 1
First recorded terms
Captures behind the selected terms record — evidence for these terms, not a complete history of the named offer.
Discussion
About the current terms (published 14 Oct 2026).
Community and personal tools
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