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.
What do the points buy?
It depends where you fly. From Sydney, 55,000 Qantas points buys:
| Trip | Points for 1 return trip | You can book |
|---|---|---|
| Sydney → Melbourne, Economy | 18,400 | 2 return trips, plus 1 one-way trip |
| Sydney → Bali, Economy | 46,600 | 1 return trip |
| Sydney → Singapore, Economy | 58,000 | 1 one-way trip (not a return trip) |
| Sydney → London, Business | 332,600 | Not yet — 16% 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.
33% of one way trip
Sydney to London (Business): One way flight is 166,300 Qantas points.
With 55,000 points = 0 return trip with 55,000 points remaining.
If you spend another $111,300 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 $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.
55,000 Qantas points at 1.6¢ a point − $349 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
50,000 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 25 Jun 2025) — not the current offer.
Community and personal tools
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