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Flight churn value

American Express Qantas Business Rewards Card (ABN holders w/ $75,000 revenue)

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 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?

I have not checked the waiting period for this bonus.

See the waiting rules for every Australian bank →

What must I spend?

$6,000 within 90 days — about $2,000 per month.

Can I get the card?

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: 1 October 2024. Date comparison uses the Australia/Sydney calendar. The issuer’s closing time and timezone are not recorded. Check availability with the issuer.

What do the points buy?

It depends where you fly. From Sydney, 157,500 Qantas points buys:

TripPoints for 1 return tripYou can book
Sydney → Melbourne, Economy18,4008 return trips, plus 1 one-way trip
Sydney → Bali, Economy46,6003 return trips
Sydney → Singapore, Economy58,0002 return trips, plus 1 one-way trip
Sydney → London, Business332,600Not yet — 47% 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.

94% of one way trip

+ $200 credit extra bonus
- $450
annual fee

Sydney to London (Business): One way flight is 166,300 Qantas points.

With 157,500 points = 0 return trip with 157,500 points remaining.

If you spend another $7,040 on the card, you can add another one way trip, zeroing out your point balance for this card.

See Flights at Qantas

Should I keep it after the first year?

Keeping the card costs $450 each year ($450 annual fee) — the first year was $450.

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

Ongoing earn: 1.25x Qantas points per $1.

Keeping pays off only if the ongoing earn and benefits are worth $450/yr to you.

The maths behind churn value

157,500 Qantas points at 1.6¢ a point − $450 in first-year fees. This is flight value, not cash. It assumes you earn the bonus and pay in full.

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

+150,000sign-up bonus
+7,500from $6,000 spend
=157,500Qantas points
×1.6¢per point
=$2,520value of the points
+$200cashback
−$450first-year fees
=$2,270churn 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.

Did this help you make a decision?

Terms and evidence

Full current terms

Offer terms

PremiumOffer Ended

Signup Bonus

150,000 points

Qantas

Minimum Spend

$6,000

within 90 days (about 3 months)

Cash Bonus

$200Credit

Offer Expires

October 1, 2024

2 years ago

Ongoing Earn Rate

1.25x points per $1 spent

Fees

First Year Annual Fee

$450

Ongoing Annual Fee

$450

From year 2 onwards

Offer terms history (2 versions — 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

Changes from terms version 1

Second Year Bonus:
2000
Bonus Cash:
$200
Bonus Cash Description:
Credit

Unknown publication date

First recorded terms

Bonus Qantas:
150,000
Annual Fee:
$450
Minimum Spend:
$6,000 in 90 days
Lounge Pass:
2 x Domestic Qantas Club lounge passes annually
Source wording history

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


Archived notes

Earlier notes about this offer, kept as an archive — not current terms. Note dates are separate from terms publication dates.

  • Expiration changed from 25/06/24 to 01/10/24, Bonus from 170K to 150K, Bonus Cash from undefined to 200
    2 years ago
  • Expiration changed from 02/04/24 to 25/06/24, Bonus from 150K to 170K, Spend For Bonus from $3K to $6K, Bonus Period from 60 to 90
    3 years ago
  • Expiration changed from no expiration to 02/04/24, Bonus from 100K to 150K
    3 years ago
  • Bonus points increased from 120,000 to 150,000
    3 years ago
  • Bonus reduced from 150k to 120k
    4 years ago
  • Bonus increased from 100k to 150k
    4 years ago
  • Bonus lowered from 120k to 100k
    4 years ago
  • Bonus reduced from 150,000 to 120,000
    4 years ago
  • Bonus increased from 120k to 150k
    4 years ago
  • Bonus increased from 120,000 to 150,000 and first year annual fee reduced from $450 to $0
    5 years ago

Discussion

About these ended terms — not the current offer.


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