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?
$5,000 within 90 days — about $1,667 per month.
Can I get the card?
You must earn at least $35,000 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?
I do not have an end date for this offer.
Should I keep it after the first year?
Keeping the card costs $399 each year ($399 annual fee) — the first year was $349.
There is no bonus in year two. The fee buys points on your spending, plus the card's perks.
Ongoing earn: 1.00x Qantas points per $1.
Keeping pays off only if the ongoing earn and benefits are worth $399/yr to you.
$300 in Woolworths gift cards (62,140 of 65,000 Qantas points; 2,860 left over) − $349 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.
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?
Terms and evidence
Full current terms
Offer terms
Signup Bonus
60,000 points
Qantas
Minimum Spend
$5,000
within 90 days (about 3 months)
Ongoing Earn Rate
1.00x points per $1 spent
Fees
First Year Annual Fee
$349
Ongoing Annual Fee
$399
From year 2 onwards
Purchase Interest Rate
20.99% p.a.
The value above assumes you pay in full and never pay this. Any interest changes the outcome.
Benefit history (6 changes)
- Lounge AccessUpdated May 2026
Now 2 visits/year · Qantas Club Domestic, Qantas operated International Business Lounges.
- Flight DiscountsUpdated May 2026
- Digital Wallet IntegrationUpdated May 2026
- Installment PlansUpdated May 2026
- Interest Free PeriodsUpdated May 2026
- Concierge ServiceUpdated May 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.
Changes from terms version 7
Changes from terms version 6
Changes from terms version 5
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.
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 01/05/24 to no expiration, Bonus from 60K to 70K, Second Year Bonus from 0 to 30K2 years ago
- Expiration changed from 29/11/23 to 01/05/243 years ago
- Annual Fee increased from $249 to $3493 years ago
- First year annual fee increase from $249 to $2994 years ago
- Offer extended from 29/06/22 to 29/09/224 years ago
- First year Annual fee increased from $199 to $225, bonus lowered from 90k to 80k, spend requirement lowered from $3.5k to $3k5 years ago
Discussion
About these ended terms (published 1 Nov 2025) — not the current offer.
Community and personal tools
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