Bankwest Qantas World Mastercard
Churn value: $64 in flights.
You pay $320 in first-year fees.Spend $4,000 in 120 days.You get 24,000 Qantas points, worth about $384 in flights.
The recorded minimum requirements are that you can take a credit limit of at least $6,000. Meeting them does not guarantee approval.
It is only worth it if you pay in full each month and close the card before the next $320 fee.
From Sydney, that is 1 return trip to Melbourne in Economy, or 7% of a return trip to London in Business. It depends where you fly. See what the points buy ↓
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 $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?
I do not have an end date for this offer.
What do the points buy?
It depends where you fly. From Sydney, 24,000 Qantas points buys:
| Trip | Points for 1 return trip | You can book |
|---|---|---|
| Sydney → Melbourne, Economy | 18,400 | 1 return trip |
| Sydney → Bali, Economy | 46,600 | 1 one-way trip (not a return trip) |
| Sydney → Singapore, Economy | 58,000 | Not yet — 41% of a return trip |
| Sydney → London, Business | 332,600 | Not yet — 7% of a return trip |
Prices are Qantas Classic Flight Rewards for 1 person, if a reward seat is free. Airport taxes and fees are extra cash on top. Pick your own start city and trip below.
Sydney to London in Business (166,300 points)
Tap the trip above to pick your start city, where you want to go, and a seat class.
14% of one way trip
Sydney to London (Business): One way flight is 166,300 Qantas points.
With 24,000 points = 0 return trip with 24,000 points remaining.
If you spend another $142,300 on the card, you can add another one way trip, zeroing out your point balance for this card.
This card has a second year bonus of 20,000 and an annual fee of $320.
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 flights. Points you never use are worth zero.
- Close the card before the next fee — keeping it costs $320 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 $320 each year ($320 annual fee) — the first year was $320.
The year-two bonus is 20,000 Qantas points.
Ongoing earn: 1.00x Qantas points per $1.
Keeping pays off only if you meet the second-year conditions and use the points and benefits enough to cover $320/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: pays the actual amount charged to card (or market value if purchased through points); $3,000 sub-limit for jewellery, watches and fine arts; $125,000 overall limit in a 12-month period; $250 excess applies.
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Purchase Security cover for personal goods charged to the card: pays the actual amount charged to card (or market value if purchased through points); $3,000 sub-limit for jewellery, watches and fine arts; $125,000 overall limit in a 12-month period; $250 excess applies.
- Extended Warranty Insurance Compare across cards →Extended Warranty cover on eligible purchases charged to the card: pays the actual amount charged to card (or market value if purchased through points), up to a $30,000 overall limit in a 12-month period; $250 excess applies.
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Extended Warranty cover on eligible purchases charged to the card: pays the actual amount charged to card (or market value if purchased through points), up to a $30,000 overall limit 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 World Mastercard cardholders: overseas emergency medical and hospital expenses unlimited, hospital incidentals up to $15,000, personal liability up to $2,500,000, accidental death $25,000 cardholder plus $25,000 spouse, baggage and…
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Complimentary Overseas Travel Insurance for World Mastercard cardholders: overseas emergency medical and hospital expenses unlimited, hospital incidentals up to $15,000, personal liability up to $2,500,000, accidental death $25,000 cardholder plus $25,000 spouse, baggage and personal goods up to $20,000 cardholder-only or $30,000 with family, additional expenses unlimited, cancellation costs up to $15,000 cardholder-only or $20,000 with family. Covers journeys up to 6 consecutive months, extendable to a maximum of 12 months by applying for a paid Upgraded Benefits premium.
- Transit Accident Insurance Compare across cards →Transit Accident cover for international trips fully paid on the card: from $250,000 up to $500,000 per person depending on the extent of injury; $2,500,000 aggregate limit for one accident.
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Transit Accident cover for international trips fully paid on the card: from $250,000 up to $500,000 per person depending on the extent of injury; $2,500,000 aggregate limit for one accident.
Account management
Tools for running the account — repayment helpers, not reward value.
- Digital Wallet Integration Compare across cards →Digital wallet support in the Bankwest app; start spending instantly without needing a physical card.
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Digital wallet support in the Bankwest app; 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 →In-app money tools: view what you owe, get repayment alerts, track transactions/subscriptions/spending, log in with biometrics, lock cards, and get notified of unusual activity.
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In-app money tools: view what you owe, get repayment alerts, track transactions/subscriptions/spending, log in with biometrics, lock cards, and get notified of unusual activity.
- Installment Plans Compare across cards →Easy Instalments: spread the cost of up to five eligible purchases 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 over four monthly instalments at 0% p.a.
- No Annual Fee Compare across cards →No credit card annual fee when the Bankwest Qantas World Mastercard is held as an eligible card under the Complete Home Loan Package.
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No credit card annual fee when the Bankwest Qantas World Mastercard is held as an eligible card under the Complete Home Loan Package.
- No International Transaction Fee Compare across cards →No foreign transaction fees for World Mastercard customers (0% foreign transaction fee); no overseas ATM fees charged by Bankwest, though overseas ATM operators may still charge their own fee.
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No foreign transaction fees for World Mastercard customers (0% foreign transaction fee); no overseas ATM fees charged by Bankwest, though overseas ATM operators may still charge their own fee.
- 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 card approval (excluding Bankwest Card conversion transfers), reverting to the ongoing 19.99% p.a. rate; no promotional balance transfer fee.
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2.99% p.a. introductory rate on balance transfers for the first 9 months after card approval (excluding Bankwest Card conversion transfers), reverting to the ongoing 19.99% p.a. rate; no promotional balance transfer fee.
24,000 Qantas points at 1.6¢ a point − $320 in first-year fees. This is flight value, not cash. It assumes you earn the bonus and pay in full.
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.
Did this help you make a decision?
Earn 1 pt/$1 on first $3,000/month then 0.2 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 $320 annual fee
Minimum Spend
$4,000
within 120 days (about 4 months)
Ongoing Earn Rate
1.00x points per $1 spent
Fees
First Year Annual Fee
$320
Ongoing Annual Fee
$320
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 (26 changes)
- Shopping BenefitsRemoved Aug 2026
- Transit Accident InsuranceUpdated Aug 2026
- Extended Warranty InsuranceUpdated Aug 2026
- Purchase Protection InsuranceUpdated Aug 2026
- Travel InsuranceUpdated Aug 2026
- No Annual FeeUpdated Aug 2026
- Interest Free PeriodsUpdated Aug 2026
- Balance Transfer OffersUpdated Aug 2026
- Digital Card IssuanceUpdated Aug 2026
- Digital Wallet IntegrationUpdated Aug 2026
- No International Transaction FeeUpdated Aug 2026
- Online Banking FeaturesRemoved Jul 2026
- Rental Vehicle InsuranceRemoved Jul 2026
- Purchase Protection InsuranceUpdated Jul 2026
- Travel InsuranceUpdated Jul 2026
- Extended Warranty InsuranceUpdated Jul 2026
- Transit Accident InsuranceUpdated Jul 2026
- Balance Transfer OffersUpdated Jul 2026
- Interest Free PeriodsUpdated Jul 2026
- Points Transfer BenefitsRemoved Jul 2026
- Installment PlansUpdated Aug 2026
- Digital Card IssuanceUpdated Jul 2026
- Digital Wallet IntegrationUpdated Jul 2026
- No Foreign Currency Conversion FeeRemoved Jul 2026
- No International Transaction FeeUpdated Jul 2026
- No Annual FeeUpdated 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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