Bankwest Qantas Platinum MasterCard - 50,000 Bonus Qantas Ponits, $160 Annual Fee

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Pjameslee79 on 30/09/2015 - 14:06 bankwest.com.au (462 clicks)
Last edited 01/10/2015 - 22:59 by 2 other users

Bankwest has offered this promotion again:

Bankwest QANTAS Platinum MasterCard - 50,000 Bonus Qantas Points, $160 Annual Fee

For new Platinum customers. T&Cs apply
With the Bankwest Platinum Qantas MasterCard new eligible customers will receive:
• 50,000 bonus Qantas Points for new card customers. Minimum spend requirements apply**
• up to 0.75 Qantas Points* per $1 spent on eligible purchases
• no fees on overseas purchases2 and complimentary credit card travel insurance^

Spend at least $2,500 on eligible purchases within 3 months from account opening.

From T&Cs

1 The 50,000 bonus Qantas Points promotion is only available for new customers who apply for a Bankwest Qantas Platinum MasterCard credit card between 25 September and 10 December 2015, are approved and spend at least $2,500 on eligible purchases within 3 months from account opening. Bonus points are subject to change. Bonus Qantas Points will be transferred to your account within four months of account opening. This promotion does not apply to existing Bankwest credit card customers who upgrade or vary their existing credit card. Bonus points will contribute to the annual points cap. The total Qantas Points (including any bonus points) that can be earned each year using the is Bankwest Qantas Platinum MasterCard is 200,000

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• 

  Coley on 30/09/2015 - 14:17

  At least link to the card info!

  http://www.bankwest.com.au/personal/credit-cards/compare-cre…

  • 

    jameslee79 on 30/09/2015 - 14:36

    Thank you for adding the link as I was not able to add it for some reason.

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  Hellman109 on 30/09/2015 - 14:19

  Isn't the Virgin AMEX deal still on? 110k points plus 1 point per dollar spent, 1 included domestic return flight, but $349 annual fee. Way better deal IMO.

  • 

    Coley on 30/09/2015 - 14:20

    +1

    Better deal if you want virgin points maybe?

    • 

      Tiggrrrrr on 30/09/2015 - 15:29

      Virgin points can be used on Singapore Airlines. So still a good deal IMHO.

  • 

    JohnHowardsEyebrows on 30/09/2015 - 14:28

    That's now how most of us accumulators work. We'll gladly take the Amex deal if we're eligible, but maybe we're not, or, maybe already got that deal, and looking for more.

    While Velocity points are more valuable at a lower level, they're hard to get for free (Amex deal being a glaring exception). Qantas points become more valuable the more you accumulate (Where a $20k return first class flight costs 3 times the points of an economy ticket, for the same taxes. And, most importantly, every bank has been giving them away for the past two years.

    Go back two years, I had around 60k Qantas points.

    I've now got 460k. Not gonna stop while they're being given away so freely, that's for sure.

    • 

      [Deactivated] on 30/09/2015 - 14:46

      Qantas points are far less valuable than Virgin points at every level….

      Taxes on velocity fares are almost always a fraction of what they cost with Qantas. As well as this, the amount of points it takes to get a business class seat with Qantas is almost always more than what it costs with Velocity.

      • 

        JohnHowardsEyebrows on 30/09/2015 - 14:58

        +1

        Except that they're far harder to accumulate, as I stated. And I'm also not sure how easy it is to get business fares for points with Velocity. I know for a fact international upgrades are not allowed if you're a base level frequent flyer.

      • 

        MrTweek on 30/09/2015 - 15:04

        +1

        But considering you can get Qantas points for free, they are much better value for money.

• 

  Coley on 30/09/2015 - 14:20

  $2,500 in 3 month min spend.

  The 50,000 bonus Qantas Points promotion is only available for new customers who apply for a Bankwest Qantas Platinum MasterCard credit card between 25 September and 10 December 2015, are approved and spend at least $2,500 on eligible purchases within 3 months from account opening

  • 

    jameslee79 on 30/09/2015 - 14:38

    Thanks, Coley. Just updated it accordinlgy!

• 

  Bobot on 30/09/2015 - 15:44

  "This promotion does not apply to existing Bankwest credit card customers who upgrade or vary their existing credit card."

  What about existing Bankwest customers who have never had a Bankwest credit card? I've got a couple of dormant savings accounts with them. Will probably give them a call to check.

  • 

    JohnHowardsEyebrows on 30/09/2015 - 15:50

    +1

    Yes, no problem. I did that earlier this year, even though I've had other credit cards with them in past.

    • 

      Bobot on 30/09/2015 - 20:16

      Thanks. Also confirmed Yes when I did an online chat and asked the question.

• 

  Lukian on 30/09/2015 - 16:00

  I guess Zero Platinum customers aren't eligible then? :(

  • 

    JohnHowardsEyebrows on 30/09/2015 - 16:10

    Best to cancel, then sign up. Similar to what I did (I cancelled a month before promo started)

    • 

      Lukian on 30/09/2015 - 16:41

      Hmm. I don't see a 12 month requirement like some other banks, so I may just do this after my overseas trip this month.

• 

  SunshineRay on 30/09/2015 - 22:08

  Ok so i'm a little new to this points accumulation business. I couldn't see anything saying the annual fee was waved in the first year… am i essentially spending $160 for the points?

  • 

    jameslee79 on 30/09/2015 - 22:48

    Yes, you're right. It seems Bankwest don't waive the annual fee:(

  • 

    JohnHowardsEyebrows on 01/10/2015 - 07:40

    This one is for hardcore collectors. Once you're over 200k, points become very valuable.

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  Hirolol on 01/10/2015 - 19:30

  do Qantas FF point expire?
  if i keep earning points does that mean they will never expire?

  • 

    JohnHowardsEyebrows on 01/10/2015 - 19:32

    +1

    So long as you have account activity, I think it's very 18 months.

  • 

    jameslee79 on 01/10/2015 - 20:14

    +1

    Yes, you are right.

    From Qantas website,

    As of 1 July 2010:
    ◾Your points won't expire as long as you keep your account active by earning or using points at least once every 18 months, rather than every three years.

• 

  cristobaljamesy on 06/10/2015 - 19:42

  +1

  I found that the online application process was a bit tricky and received an automatic decline within a few seconds of pulling the trigger.

  Call up and go through with the helpful staff as I did for a prompt reassessment and approval.

  • 

    JohnHowardsEyebrows on 06/10/2015 - 19:43

    +1

    Yes, their staff will rearrange everything to get your approval.

  • 

    powerhead on 07/10/2015 - 06:02

    Did you just call up their call centre or did you go via customer retention team?

    • 

      cristobaljamesy on 07/10/2015 - 13:33

      +1

      I'm an existing home loan customer so I simply stated that I believed the automated decline to be incorrect and that I wished for someone to look over the application with an actual pair of eyes.
      After being transferred to the correct department it took a few minutes to rejig and approve.
      Apparently I had made an error online which is why my decline was instant.