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Gift card churn value

PointHacks Exclusive 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?

$3,000 within 60 days — about $1,500 per month.

Can I get the card?

You must earn at least $75,000 a year.

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: 31 March 2022. Date comparison uses the Australia/Sydney calendar. The issuer’s closing time and timezone are not recorded. Check availability with the issuer.

$250
x 3
$25
x 1
in Woolworths gift cards, $775 total, with 3,280 points remaining.

Should I keep it after the first year?

Keeping the card costs $450 each year ($450 annual fee) — the first year was $0.

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

$775 in Woolworths gift cards (160,470 of 163,750 Qantas points; 3,280 left over) − $0 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.

+160,000sign-up bonus
+3,750from $3,000 spend
=163,750Qantas points
→$775in Woolworths gift cards
=3,280points left over
−$0first-year fees
=$775churn 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?

No annual fee

Terms and evidence

Full current terms

Offer terms

No Annual FeeOffer Ended

Signup Bonus

160,000 points

Qantas

Minimum Spend

$3,000

within 60 days (about 2 months)

Offer Expires

March 31, 2022

5 years ago

Ongoing Earn Rate

1.25x points per $1 spent

Fees

First Year Annual Fee

Free

Ongoing Annual Fee

$450

From year 2 onwards

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.

Published 30 Jun 2024

First recorded terms

Bonus Qantas:
160,000
Annual Fee:
$0
Minimum Spend:
$3,000 in 60 days
Lounge Pass:
2 x Domestic Qantas Club per year
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 (published 30 Jun 2024) — not the current offer.


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