Flight churn value

The Champagne Mile Exclusive Offer NAB Qantas Rewards Signature Card

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?

The minimum credit limit is $15,000. This is the least the bank may let you borrow.

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

What do the points buy?

It depends where you fly. From Sydney, 103,000 Qantas points buys:

TripPoints for 1 return tripYou can book
Sydney → Melbourne, Economy18,4005 return trips, plus 1 one-way trip
Sydney → Bali, Economy46,6002 return trips
Sydney → Singapore, Economy58,0001 return trip, plus 1 one-way trip
Sydney → London, Business332,600Not yet — 30% 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.

61% of one way trip

- $195
annual fee

Sydney to London (Business): One way flight is 166,300 Qantas points.

With 103,000 points = 0 return trip with 103,000 points remaining.

If you spend another $63,300 on the card, you can add another one way trip, zeroing out your point balance for this card.

25,000 Second Year Bonus

This card has a second year bonus of 25,000 and an annual fee of $195.

See Flights at Qantas

Should I keep it after the first year?

Keeping the card costs $395 each year ($395 annual fee) — the first year was $195.

The year-two bonus is 25,000 Qantas points.

Ongoing earn: 1.00x Qantas points per $1.

Keeping pays off only if you meet the second-year conditions and use the points and benefits enough to cover $395/yr.

The maths behind churn value

103,000 Qantas points at 1.6¢ a point − $195 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.

+100,000sign-up bonus
+3,000from $3,000 spend
=103,000Qantas points
×1.6¢per point
=$1,648value of the points
−$195first-year fees
=$1,453churn 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.

Did this help you make a decision?

OzBargain discussion for this card

Terms and evidence

Full current terms

Offer terms

Mid-TierOffer Ended

First Year Points

100,000 points

Qantas

Second Year Points

25,000 points

With $395 annual fee

Minimum Spend

$3,000

within 60 days (about 2 months)

Offer Expires

March 9, 2022

5 years ago

Ongoing Earn Rate

1.00x points per $1 spent

Fees

First Year Annual Fee

$195

Ongoing Annual Fee

$395

From year 2 onwards

Purchase Interest Rate

20.00% p.a.

The value above assumes you pay in full and never pay this. Any interest changes the outcome.

Benefit history (5 changes)
  • Travel InsuranceUpdated May 2026
  • Purchase Protection InsuranceUpdated May 2026
  • Extended Warranty InsuranceUpdated May 2026
  • No Additional Cardholder FeeUpdated May 2026
  • Concierge ServiceUpdated May 2026
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

Ended 4 Nov 2024

First recorded terms

Bonus Qantas:
100,000
Annual Fee:
$195
Minimum Spend:
$3,000 in 60 days
Source wording history

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.

  • New exclusive reward deal from The Champagne Mile
    5 years ago

Discussion

About these ended terms (published 30 Jun 2024) — not the current offer.


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