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90K Qantas Points, $135 First Year @ Bankwest Qantas World MasterCard Credit Card (Save $135)

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90K Qantas Points, $135 First Year @ Bankwest Qantas World MasterCard Credit Card (Save $135)
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render on 28/05/2019 - 10:06 bankwest.com.au (7778 clicks)
Last edited 28/05/2019 - 11:23
  • $6,000 min spend (3 months)
  • New Bankwest Credit Card customers only
  • Earn 1 Qantas Point per $1 spent on eligible purchases for the first $5000
  • No foreign transaction fees
  • Minimum credit limit of $12,000 required.

The 90,000 Bonus Qantas Points promotion is only available to new Bankwest Qantas Mastercard customers who apply for a Bankwest Qantas World Mastercard credit card from 27 May 2019 until 31 August 2019, are approved and spend at least $6,000 on eligible purchases within three months from account opening. Bonus Qantas Points are subject to change. Bonus Qantas Points will be transferred to your account within five months of account opening. You are not eligible for this promotion if you upgrade or vary your existing Bankwest credit card to a Bankwest Qantas World Mastercard.

Also available (thanks @neovin)

50K Qantas Points, $80 First Year
https://www.bankwest.com.au/personal/bank/credit-cards/lp/re…

  • $3,000 min spend (3 months)
  • Earn 0.75 Qantas Point per $1 spent on eligible purchases for the first $2500
  • No foreign transaction fees
  • Minimum credit limit of $3,000 required.
Financial Credit Card

Related Stores

Bankwest
Bankwest

closed Comments

  • hhbb555 on 28/05/2019 - 10:10
    +2

    seems the citibank offer is still better than this one, unless you can't apply for the citibank one

    • render on 28/05/2019 - 10:12

      Agreed.

      Key differences:
      * Lower Min Credit Limit ($12k vs $15k) perhaps means lower min income? - but higher min spend
      * No foreign transaction fees
      * MC vs Visa (if that matters to you)

      • jiakz on 28/05/2019 - 10:17
        +1

        This one also doesn't have the lounge passes but no qantas $59 fee

        • RichardF89 on 28/05/2019 - 10:40

          $49 vs $135 for first year

      • AL008 on 28/05/2019 - 10:20
        +18

        Having no foreign transaction fees is actually a big plus.

        Also it’s $1 per point vs the Citibank offer being lower points per dollar

        • tidie on 28/05/2019 - 14:06

          I dont think you get no foreign transaction fees with this card, only the everyday account: https://www1.citibank.com.au/banking/bank-accounts/citibank-…

        • dealman on 30/05/2019 - 08:46

          You make a very good point. Foreign transaction fees are crazy.

          Any idea what 130,000 points translates to in cash value

        • PorkHunt on 09/06/2019 - 10:03

          Is this card then comparable to using a 28 Degrees for online purchases in foreign currency?

          • vetopower on 09/06/2019 - 11:14
            +1

            @PorkHunt: They have different advantages and disadvantages.

            BankWest:
            + Earn QFF points
            - Annual fee (thus why I will be cancelling after first year discounted fee/bonus sign-up points)

            28 Degrees
            + Annual fee free
            - No points

            • PorkHunt on 09/06/2019 - 15:42

              @vetopower: What about in terms of exchange rate? Is it decent on the Bankwest?

              • vetopower on 09/06/2019 - 16:36
                +1

                @PorkHunt: Exchange rate is identical. Both processed through Mastercard.

      • boku on 28/05/2019 - 22:17
        +2

        One thing worth noting (for me at least) is the difference in Price Guarantee between the two:
        - Bankwest: "personal goods are purchased in a store (not online) in Australia" (pg70 https://www.bankwest.com.au/content/dam/bankwest/documents/l…)
        - Citi: online purchases are covered as long as the lower priced item can be found on a "store produced catalogue", and not limited to within Australia (pg9 https://www.citibank.com.au/global_images/complimentaryinsur…)

        Correct me if I'm wrong though, this will be the deciding factor for me.

    • POSITIVEVIBESONLY on 28/05/2019 - 10:46
      +3

      citibank is pretty tight with their lending requirements, you'll need to having close to no credit limit on any other cards unless you're earning way above the 75k threshold. Also being in your paygrade for more than 2 years is another factor they take into account. I know lots of people got got declined or offered a lower tier card with citibank.

      • NoApostrophePlurals on 28/05/2019 - 21:56
        +1

        This is not true. I went from 28k declared annual income to 85k declared income three months before I got approved for a Citibank card. I also got a mortgage one week before applying (credit checks three weeks all over my credit file leading up). I also have an existing CBA MasterCard that I didn't not cancel.

        There doesn't seem to be a fixed pattern with Citibank. It's as if they give people who may end up paying interest more of a chance of being approved, as theoretically that's in their best financial interests, instead of a high income earners who will pay their cards on time and on full, thus not making any money on interest.

        • POSITIVEVIBESONLY on 28/05/2019 - 22:03

          Hmm that seems like poor practises especially after the royal commission happened. I guess we can continue speculating how citibank does their approvals on credit cards. I guess if you don't mind a credit check, try your luck with citibank.

          • NoApostrophePlurals on 28/05/2019 - 22:07

            @POSITIVEVIBESONLY: I got a Qantas Premier MasterCard (which uses Citibank) last month with the above situation. Can't get another Citi card until 12 mths after I cancel it.

            I might try and apply for this Bankwest one and see if I get approved. Gonna cancel my CBA one. It has a 20k limit

      • jaygee on 29/05/2019 - 20:28

        My friend is on $150k and got rejected because of his credit score. He had just taken a credit card 3/4 months before.

      • CPU Destroyer on 01/07/2019 - 12:45

        Yeap super tight, had no debt, plenty of savings and $100k+ salary and still didn't get approved for the card. Offered me the lower one but said no thanks. Banking algos are nuts, I know plenty of people who should not have a credit card yet they do.

    • Skramit on 28/05/2019 - 13:15

      Why not both? ;)

    • jaygee on 28/05/2019 - 21:37

      Yea, but I'll take both for that sweet sweet Qantas bonus.

  • unity1 on 28/05/2019 - 10:37
    +2

    Minimum income?

    • theleaderbeader on 12/07/2019 - 15:03

      $50k+ for the 'platinum' card and $75k for the 'World' card

      • unity1 on 12/07/2019 - 16:17

        Thanks. I applied for platinum a few weeks ago and was approved.

  • lovepub on 28/05/2019 - 10:38

    This looks alright. Mighy apply if Citi fails

  • [Deactivated] on 28/05/2019 - 10:40
    +3

    These minimum spends are getting either per month, or higher.

  • prisonmike on 28/05/2019 - 10:42
    +22

    They have gone mental with the minimum spend.

    • justcallmeboss on 28/05/2019 - 18:10

      Agreed, but it's probably fair enough, so many churners… they need to hit their ROI somehow

    • DeluxeBull on 28/05/2019 - 18:52

      $6000 in 3 months is reasonable. I guess they can't make money off someone who doesn't spend $2000 a month.

      • [Deactivated] on 28/05/2019 - 19:06

        Does that tell something about their lending criteria too? Like if you say my monthly spend apart from rent is $500 then chance of approval is next to zero?!

  • Ninja9 on 28/05/2019 - 10:47

    Is there a reloadable card that you can bpay with this or Citi credit card?

  • chichi on 28/05/2019 - 10:48

    I'm always curious what people buy with these huge minimum spends.

    • Homr on 28/05/2019 - 10:54
      +7

      How is it huge? 6K in 3 months that's 2K a month, $500 a week.

      Groceries, monthly bills already take a bulk of it.

      Then you add ozbargain luxuries like Amazon/Ebay promo deals, ubereats, etc and there's your $6K gone in 3 months

      • Spending2Much on 28/05/2019 - 11:06
        +18

        Maybe for a family. As a single guy, that's a big spend.

        • WillisAU on 28/05/2019 - 11:42
          +8

          I usually try to time it with things like car insurance, house insurance, council rates, etc. That shit adds up =(

          • WhyAmICommenting on 28/05/2019 - 12:02

            @WillisAU: Except they usually charge a % fee compared with bpay for example. Still, for 10s of K worth of points you would end up ahead.

            • dealman on 30/05/2019 - 08:48

              @WhyAmICommenting: What do you do with 130,000 worth of Qantas points?

              do you just take flights or sell it to someone else?

              • WillisAU on 07/06/2019 - 14:13

                @dealman: sell them at a rate of around $1 per 100 points. 130k = $1300

          • [Deactivated] on 28/05/2019 - 14:12
            +1

            @WillisAU: Some credit cards don't allow government payments or bills.

          • sssbp on 28/05/2019 - 16:44
            +1

            @WillisAU:

            council rates

            Council rates wouldn't be counted by the way - that's a "Government" payment

        • Bryanalves on 28/05/2019 - 13:27
          -4

          Go out for dinner and drinks on friday night. Saturday night clubbing. Sat and sun brunch with friends. A few movies on Tuesdays. Random uber eats.

          Then in the 3 month period you got power/gas/water/internet bills.

          How is $500 a week big spend lmao.

        • buckster on 28/05/2019 - 15:44
          +5

          One word - Hookers

      • chichi on 28/05/2019 - 11:27
        +3

        There's no way I could spend $6,000 in 3 months even with groceries and bills.

        • mwahahaha on 28/05/2019 - 11:36
          +9

          I get Woolworths gift cards (and get the 5% off). Then I load up separate opal cards with $250 (I make sure I register them so if I lose them it's no big deal). I also prebill my private health care and mobile phone bills (Bupa and Optus let your account go into credit). Then I pay for my folks home insurance (they are retired and dad just gives me the cash).

          • WhyAmICommenting on 28/05/2019 - 12:03
            +8

            @mwahahaha: And I looked at your username and heard that in my head after reading all you wrote 😂

          • Spending2Much on 28/05/2019 - 13:27
            +2

            @mwahahaha: I'm with Telstra, I don't trust them enough to pay in advance…..

        • The Aeon on 28/05/2019 - 13:23
          +1

          I'd love to know some of these budgets because I don't know how people spend less than $6k in 3 months. Right now i'm being strict on spending so i'm sitting right on $2k/month on my credit card but I spend $6 - 7k/month with everything all added up, with the odd $10k month here and there.

          *Edit; that's for 2 people the above spend just by the way - my wife and I.

          • futureminime on 28/05/2019 - 16:16
            +1

            @The Aeon: Are you including rent? If not the answer is things you buy are 'needs' and not wants. Not that there is anything wrong with that but its good to know where you can trim down your bills if you had to. For a lot of people they simply don't have that kind of money to spend

            From your maths - $3.5k per month per person —> $42k post tax spend per year. That's equivalent to about $55k pre tax. That is about the median Australian wage (the average (mean) is about $62k adjusting from $86k for part time work)

            So if you're spending that much, including rent, the middle Australian wouldn't have much left in savings.

            *Note: The higher your income bracket, generally you're expected to have higher expenses to survive community expectations, so don't feel bad if you're spending more

            • vetopower on 28/05/2019 - 16:27

              @futureminime: Top-level platinum/black cards aren’t for people on median wages. Indeed, the minimum income requirements make that crystal clear.

              • futureminime on 28/05/2019 - 17:01

                @vetopower: I totally get that, but I was trying to address a request of The Aeon - 'I'd love to know some of these budgets because I don't know how people spend less than $6k in 3 months.' I was trying to give some context to spending levels. But as you point out - the question may have been targeted more to 'if you got the card, how would the spending be an issue'.

                Rough calcs at the $75k threshold for many black cards is $57,700 post tax ($4800/month) seems to give you enough room to do it. I guess to that the answer is that if a large proportion of your expenses are servicing existing debt(car/mortgage) or rent, and not just things you can stick on a credit card

                • sssbp on 28/05/2019 - 17:49

                  @futureminime:

                  servicing existing debt(car/mortgage) or rent, and not just things you can stick on a credit card

                  Exactly right.

        • jabroni on 28/05/2019 - 17:12

          yeah i prepaid home internet for a year [$1100] and health insurance for a year [$3200ish] and plus other day to day stuff i hit min spend within the first month

          • bozbargain on 19/06/2019 - 17:43

            @jabroni: Have you received your 90k bonus points yet? Keen to hear how long it takes Bankwest to credit once you hit the threshold.

            • jabroni on 19/06/2019 - 17:54

              @bozbargain: sorry i didnt apply for this due to annual fee - i did that for the st george card

        • jj212 on 19/06/2019 - 09:05

          What about a fully refundable return ticket to LA in business? 🙈

    • qtntom on 28/05/2019 - 12:43
      +1

      dont know how but we have balances of 2k monthly on each of the 2 cc we share. and we only buy stuff at good prices, well according to ozb anyway.

    • Zep2J on 28/05/2019 - 16:05

      I can't remember the last time I used cash or my debit card. All my expenses go on the credit card (which earns points) and I pay it all off each month. Easily $6k a month for a family of 4.

      • Skurfer on 28/05/2019 - 17:42
        +2

        Yep we are the same. Family of 4 and put every expense we possibly can on the credit cards. Last month 7k or so which is about normal and pay off fully every month to not incur interest. Not trying to humble brag but like others have said, these cards are not for those who can't afford them.

        Putting everything on the cards wins 2 ways. Earn bonus points multiple times per year by churning through different cards once the minimum spend has been met, also earn points for most things put on them, and savings stay in the offset account against the home loan for the maximum amount of time.

  • Briefcase Mong on 28/05/2019 - 10:48

    I have a feeling the min income will be $75k

  • spiff on 28/05/2019 - 10:55
    +2

    Minimum spend is huge

  • hippyhippy on 28/05/2019 - 11:01

    I applied for citi and got conditional approval… then they called up and verified my pay details… but they still haven't officially approved my card….

  • neovin on 28/05/2019 - 11:06
    +8

    There is a another option with the Platinum card for $80, 50k points for $3000 spend

    "The number of Bonus Qantas Points are: 50,000 if your Card is a Bankwest Qantas Platinum Mastercard and you spend a minimum of $3,000 on Eligible Purchases; and 90,000 if your Card is a Bankwest Qantas World Mastercard and you spend a minimum of $6,000 on Eligible Purchases."

  • chillybags on 28/05/2019 - 11:12
    +1

    PayPal transfer to yourself the remainder of the minimum spend. I think it’s 3%. It’s worst case $180 in PayPal fees plus the $135 in fees for the card nets you 96k points (90k sign up bonus + 6k in spend). It equates to 1 x business class from aus to USA. $315 in card fees plus $450 in qantas airline taxes. It’s a no brainer to me - deffs worth it.

  • drogba on 28/05/2019 - 11:23
    +6

    Rejected for the Qantas World, they offered the Platinum instead. That's 3 rejections now; St George, Citi, Bankwest.

    I give up :/

    120k income, 1 other CC, decent savings, average mortgage.

    • vetopower on 28/05/2019 - 11:24

      As mentioned above, the Platinum comes with a 50K bonus.

    • FeZZa21 on 28/05/2019 - 11:31

      I too got rejected by citi and bankwest

    • Miso on 28/05/2019 - 11:46
      +1

      Whats the limit on the other credit card?

      This is where they are looking now - the minimum here at 12K is going to be a factor

      It's where I was stung with Citi - my limit was too large on my other card. Have dropped it and about to give this one a go.

      • drogba on 28/05/2019 - 11:51

        6k was the max limit for the platinum
        3k is minimum

        • Miso on 28/05/2019 - 13:28

          Sorry - wasn't clear. Meant the other card you hold.

          Might be worth seeing if you can reduce that as it's a big factor in what you can borrow / new card limits these days with the borrowing changes.

          • drogba on 28/05/2019 - 15:20

            @Miso: Ohh my bad, well Ive had the ANZ FF Black for the last few years with 15k limit. Originally they gave me 30k but i dropped that to 15 awhile ago. I don't think they will let me go below 15k with that card though.

            Maybe I'm better off just ommitting some stuff for the next application

            ¯_(ツ)_/¯

      • Nuggets on 28/05/2019 - 19:09

        My wife is on a pretty low wage, she did the ANZ card last year and they gave her a 30,000 credit limit. lmao.

        • p1 ama on 28/05/2019 - 22:28

          The Big 4 banks will literally lend to anyone. I remember when I was in uni (quite a while ago back before lending requirements were so tight), I got an ANZ credit card on youth allowance (which is literally peanuts).

          • Nuggets on 29/05/2019 - 06:47

            @p1 ama: Yeah I had a $8,000 CBA card when I was on youth allowance. No points though sadly

    • 900dollaridoos on 28/05/2019 - 14:11

      You are just about identical to me, except i have no mortgage and work pays rent.
      I also got denied on all but a woolworths credit card :(
      My mate in the same job has a dad that is high up in westpac, even with his connections he can't get a decent CC. According to his dad it's because of his age (24, same as me) so maybe that's you're problem too?

      • drogba on 28/05/2019 - 15:23

        I'm 32 so getting up there. Could be a factor i suppose

  • dufflover on 28/05/2019 - 11:42
    +5

    Looks like the days of Bonus Points + No Annual Fee (1st year) are over

    • DingoBilly on 28/05/2019 - 12:50
      +1

      Yeah it's a real shame. Minimum spends also seem to be increasing. Used to generally be only $1500 over 3 months, or even sometimes first eligible spend. Now I often find myself having to plan and pay off bills early/in advance and other such things.

      Virgin even introduced a new term into their CC which sucks - government payments like rates, tax etc. don't count towards your minimum spend… getting harder and harder to abuse the system. :(

      • sssbp on 28/05/2019 - 18:32

        Virgin even introduced a new term into their CC which sucks -

        Pretty sure this affects all credit cards unfortunately… :(

        • Sira on 29/05/2019 - 00:10

          Yep, virgin is actually underwritten by citibank (i.e it says virgin but Citibank are actually offering the card) so that makes sense…

  • welcomeUniverseWorld on 28/05/2019 - 12:00

    What is the value of 50K Qantas Points or 90K Qantas Points?
    What do I get with this?
    How much coles/wollies gift card can I buy with that?

    • vetopower on 28/05/2019 - 12:01
      +1

      You will get best value with flight redemptions.

      The value you will get purchasing gift cards is easily checked online: https://www.qantasstore.com.au/p/woolworths-group-egift-card…

    • welcomeUniverseWorld on 28/05/2019 - 12:04

      Got it.
      98,050 points gives us $500 wollies gift card. (link: https://www.qantasstore.com.au/p/woolworths-group-gift-card/…)
      So, the 90K one comes close to $500 gift card minus $135 annual fee almost $365?
      Am I correct?

      • welcomeUniverseWorld on 28/05/2019 - 12:05
        +2

        Or in other words, it is similar to getting $1/day for 1 year holding the card.
        Now, that does not feel very shavvy!

      • jeppetto367 on 28/05/2019 - 14:02

        Or 98,000 points could give you 6 business class flights from MEL-SYD. At around $800 each thats $4,800 of value.

        • endolphin on 28/05/2019 - 18:41
          +9

          No. Would you ever, in your right mind, pay $800 to fly MEL to SYD in business? No. What would you value it as? Let's assume economy is $150. I'd maybe fork out another $50-100 at most to fly business for such a short flight. So I'd say the "value" is a hell of a lot less than $4,800.

          • FutureTech on 28/05/2019 - 18:45
            -4

            @endolphin: because you can refund them after getting the points.

          • TimOfEastBNE on 06/08/2019 - 14:03
            +2

            @endolphin: totally agree with your logic @endolphin . When I suggested the same in this post I was deemed certifiable by another OzB member! Value and Price are different concepts that some people don't understand.

            • endolphin on 06/08/2019 - 19:06

              @TimOfEastBNE: Some people just don't get it, and will never get it.

              If I valued points at 6c per point my churn game would be worth more than the minimum wage, lol! I don't think so.

  • neovin on 28/05/2019 - 12:01
    +1

    Anybody know how easy or tough it is to get approved for this card?

    Is this another Citi or is it like ANZ… Don't want to risk a decline on my file.

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