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 $200,000 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.
What do the points buy?
It depends where you fly. From Sydney, 156,250 Qantas points buys:
| Trip | Points for 1 return trip | You can book |
|---|---|---|
| Sydney → Melbourne, Economy | 18,400 | 8 return trips |
| Sydney → Bali, Economy | 46,600 | 3 return trips |
| Sydney → Singapore, Economy | 58,000 | 2 return trips, plus 1 one-way trip |
| Sydney → London, Business | 332,600 | Not yet — 46% 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.
93% of one way trip
Sydney to London (Business): One way flight is 166,300 Qantas points.
With 156,250 points = 0 return trip with 156,250 points remaining.
If you spend another $8,040 on the card, you can add another one way trip, zeroing out your point balance for this card.
See Flights at QantasShould I keep it after the first year?
Keeping the card costs $1,200 each year ($1,200 annual fee) — the first year was $1,200.
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 $1,200/yr to you.
156,250 Qantas points at 1.6¢ a point − $1,200 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?
Terms and evidence
Full current terms
Offer terms
Signup Bonus
150,000 points
Qantas
Minimum Spend
$5,000
within 90 days (about 3 months)
Ongoing Earn Rate
1.25x points per $1 spent
Fees
First Year Annual Fee
$1,200
Ongoing Annual Fee
$1,200
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 (26 changes)
- Extended Warranty InsuranceUpdated May 2026
- Travel InsuranceUpdated May 2026
Now Up to $15,000 cover · trips up to 180 days.
- Purchase Protection InsuranceUpdated May 2026
- Transit Accident InsuranceUpdated May 2026
- Rental Vehicle InsuranceUpdated May 2026
- Shopping BenefitsRemoved May 2026
- Installment PlansUpdated May 2026
- Interest Free PeriodsUpdated May 2026
- Balance Transfer OffersUpdated May 2026
- Online Banking FeaturesUpdated May 2026
- Digital Wallet IntegrationUpdated May 2026
- Status CreditsUpdated May 2026
- Concierge ServiceUpdated May 2026
- Lounge AccessUpdated May 2026
Was 4 visits/year · Qantas First Lounge, Qantas Club, Qantas International Business Lounge → now 4 visits/year · Qantas First, Qantas Club.
- Flight DiscountsUpdated May 2026
- Status CreditsUpdated May 2026
- Shopping BenefitsUpdated May 2026
- Digital Wallet IntegrationUpdated May 2026
- Rewards Program Elite StatusUpdated May 2026
- Dining BenefitsUpdated May 2026
- Installment PlansUpdated May 2026
- Concierge ServiceUpdated May 2026
- Interest Free PeriodsUpdated May 2026
- Travel InsuranceUpdated May 2026
Now Up to $15,000 cover · trips up to 180 days.
- Lounge AccessUpdated May 2026
Now 4 visits/year · Qantas First, Qantas Club.
- Flight DiscountsUpdated May 2026
Offer terms history (6 versions — old terms, for checking)
These are published versions of this offer's terms. Each version preserves the conditions available at that time.
Published 13 Oct 2026
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 expiration2 years ago
- Expiration changed from 29/11/23 to 01/05/243 years ago
- Offer extended to 29 November 20234 years ago
- Offer extended to April 20234 years ago
- Offer extend from 28/02/22 to 26/10/225 years ago
Discussion
About these ended terms (published 22 Jan 2025) — not the current offer.
Community and personal tools
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