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?
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.
Should I keep it after the first year?
Keeping the card costs $1,450 each year ($1,450 annual fee) — the first year was $1,450.
There is no bonus in year two. The fee buys points on your spending, plus the card's perks.
Ongoing earn: 2.25x American Express points per $1.
Keeping pays off only if the ongoing earn and benefits are worth $1,450/yr to you.
105,625 Velocity points at 1.7¢ a point − $1,450 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.
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?
It is a Charge Card and you have to pay the balance in full every month.
Terms and evidence
Full current terms
Offer terms
Signup Bonus
200,000 points
American Express
Minimum Spend
$5,000
within 90 days (about 3 months)
Cash Bonus
Additional Cash Bonus
Offer Expires
October 1, 2024
2 years ago
Ongoing Earn Rate
2.25x points per $1 spent
Fees
First Year Annual Fee
$1,450
Ongoing Annual Fee
$1,450
From year 2 onwards
Benefit history (14 changes)
- Dining BenefitsUpdated May 2026
- Travel CreditsUpdated May 2026
- Lounge AccessUpdated May 2026
Now The Centurion Lounge, Escape Lounges, Priority Pass, Plaza Premium, Delta Sky Club, Virgin Australia Domestic Lounges.
- Rewards Program Elite StatusUpdated May 2026
- Points Transfer BenefitsUpdated May 2026
- Purchase Protection InsuranceUpdated May 2026
- Extended Warranty InsuranceUpdated May 2026
- Travel InsuranceUpdated May 2026
- Concierge ServiceUpdated May 2026
- Subscription BenefitsUpdated May 2026
- Hotel BenefitsUpdated May 2026
- Shopping BenefitsUpdated May 2026
- Entertainment BenefitsUpdated May 2026
- Digital Wallet IntegrationUpdated May 2026
Offer terms history (31 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 30
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No recorded term changes from the previous version.
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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 25/06/24 to 01/10/24, Bonus from 150K to 200K2 years ago
- Expiration changed from 09/04/24 to 25/06/24, Bonus from 200K to 150K, Second Year Bonus from NaN to 03 years ago
- Expiration changed from no expiration to 09/04/24, Bonus from 150K to 200K (thanks someone via chat!)3 years ago
- Bonus lowered from 200k to 150k4 years ago
- Bonus increased from 150k to 200k4 years ago
- $500 cashback removed, bonus reduced from 250k points to 150k points first year, 50k points second year.5 years ago
- Bonus increased from 150,000 first year, 50,000 second year to 250,000 first year and added $500 credit5 years ago
- Bonus reduced from 300,000 to 150,000 first year, 50,000 second year5 years ago
Discussion
About these ended terms (published 30 Jun 2024) — not the current offer.
Community and personal tools
Track this card, or suggest a correction. Sign-in required.