Thanks for picking up a few errors, have been fixed: CaptainHoltisDad & Tandus
60,000 Qantas Points in year 1 if you spend $4k+ on eligible purchases† within 90 days of new card approval and an extra 20,000 points after your first eligible purchase in year 2.
Plus, a reduced first year card fee of $99 or $49 card fee for the first year if you are a Westpac customer (reverts to $175 thereafter).
$75 Annual Qantas Rewards Program fee applies.
Offer not available if you’ve held an Altitude Platinum or Altitude Black card with Altitude Rewards, Qantas or Velocity in the last 12 months. T&Cs apply.
Therefore, if you are a Westpac Customer your annual fee will be reduced to $49, and the Qantas Rewards component will cost you $75 = $124 annual fee
I feel as if this Westpac card is the best value out there for earning Qantas Points at (60,000/$124=) 483 Qantas points per dollar paid in fees
I've done a quick lap around the banks websites and crunched some numbers.
Disclaimer, everything applies below if you haven't held any of these banks specific cards in the last 12 or 18 months (depending on the bank).
Some of these cards have bonus offers if you keep them open for 12 or 18 months, but who'd do that, we just keep churnin'
Any better value out there, please let me know. I know you lot are pretty quick to annihilate every deal and pick it to pieces the second it's posted.
I've smacked this comparison together in 20 minutes, I dare say there might be one or two errors, but it'll point you in the right direction:
| Credit Card | Annual Fee | Sign-Up Bonus | Bonus Criteria | Qantas Points per Dollar |
|---|---|---|---|---|
| Westpac Altitude Platinum | $124 (reduced) | 60,000 points | $4k spend in 90 days | 483 |
| St George Amplify Platinum | $124 (reduced) | 60,000 points | $3k spend in 90 days | 483 |
| St George Amplify Signature | $214 (reduced) | 90,000 points | $6k spend in 90 days | 420 |
| Westpac Altitude Black | $225 (reduced) | 90,000 points | $6k spend in 120 days | 400 |
| CommBank Smart Awards | $60 (+$19 per month under $2k spend) | 10,000 points per month for 3 months | $1.5k spend each month | 500 |
| ANZ Frequent Flyer Black | $425-$200 cashback = $225 | 90,000 points & $200 cashback | $5k spend in 90 days | 400 (after cashback) |
| NAB Rewards Premium | $150 (reduced) | 60,000 points | $2k spend in 60 days | 400 |
| ANZ Frequent Flyer Platinum | $295-$100 cashback = $195 | 75,000 points & $100 cashback | $2.5k spend in 90 days | 384 (after cashback) |
| NAB Rewards Signature | $295 (reduced) | 90,000 points | $3k spend in 60 days | 305 |
| Qantas Premier Platinum | $349 | 70,000 points | $3k spend in 90 days | 200 |
| AMEX Ultimate | $450 | 60,000 points | $3k spend in 90 days | 133 |
| Qantas Premier Titanium | $1200 | 150,000 points | $5k spend in 90 days | 125 |
And if you have a business with eligible ABN:
| Credit Card | Annual Fee | Sign-Up Bonus | Bonus Criteria | Qantas Points per Dollar |
|---|---|---|---|---|
| NAB Business Signature | $295 | 150,000 points | $4k spend in 60 days | 508 (after cashback) |
| AMEX Business Rewards | $450 | 170,000 points | $6k spend in 90 days | 378 (after cashback) |
If you are not turning Qantas Points credit cards you need to start now.
I just booked business return to America for 300K points and $200 in taxes (used additional points to pay less in taxes)
Personally I think 4 really good options with a good mix of number of points vs points per dollar paid in fees would be the below (and I've done all of these in the last 12 months) which would set you back $700 but you'd earn 300K points and get that business class return flight to America for under $1k.
- Westpac Altitude Platinum $124 Fee, 80,000 points
- ANZ Frequent Flyer Black: $225 Fee, 90,000 points
- St George Amplify Platinum: $199 Fee, 70,000 points
- NAB Rewards Premium: $150 Fee, 60,000 points
How long do I need to be a westpac customer to get the reduced fee? I can't see details on the website.