The Bankwest Qantas Transaction Account is a debit card and savings account that allows you to earn Qantas points on your bank balance and every time you make a purchase. New customers who open a Bankwest Qantas Transaction Account from 1 September 2023 will earn 10,000 bonus Qantas points when they make ten eligible purchases every month for the first three months.
- Earn 0.3 Qantas Points for every $100 in your account each day on balances up to $50,000 (eg. a balance of $10,000 will earn ~900 Qantas points each month).
- Earn 3 Qantas points per eligible purchase (not per dollar, per transaction).
- Earn 5 Qantas points each time you withdraw cash overseas.
- $6 monthly account fee waived if you deposit at least $2,000 per month.
It’s worth opening this account just for the 10,000 bonus Qantas points. With many other savings accounts offering interest rates of five per cent or higher, there’s no point in continuing to use it after you’ve received the bonus points – that is, unless Bankwest finally comes to their senses and increases the points earn rate.
What are 10,000 Qantas points worth?
It depends on how you redeem them:
Terms and conditions
The 10,000 bonus Qantas Points promotion is a stand-alone promotion and is only available to new Bankwest Transaction Account customers who open a Bankwest Qantas Transaction Account between 1 September 2023 and 30 November 2023 (‘promotional period’) and meet the following criteria. The Bankwest Qantas Transaction Account must remain open during the promotional period and at the time of crediting the Qantas Points. The Bankwest Qantas Transaction Account must be linked to a valid Qantas Frequent Flyer Account to receive bonus Qantas Points. Customers must be a new Bankwest Transaction Account holder who has not held a Bankwest Qantas Transaction Account in the last 24 months.
Customers who have closed a Transaction Account (not including a Bankwest Qantas Transaction Account) more than 30 days prior, will be considered a new Transaction Account holder. For the first 3 months from the date of Account opening, customers must complete a minimum of 10 eligible transactions per month using a Bankwest Debit Mastercard.
Most purchases are eligible purchases except some things such as balance transfers, bank fees, gambling, government charges and anything else listed in Section 1 of our Bankwest Qantas Rewards Program terms and conditions (PDF). If you have satisfied all the eligibility criteria, 10,000 bonus Qantas Points will be credited to the Qantas Frequent Flyer Account linked to the Bankwest Qantas Transaction Account within 60 days of you meeting the eligibility criteria. The 10,000 bonus Qantas Points promotion is subject to change, promotion ends 30 November 2023.
