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Get an easy 10,000 bonus Qantas Points with a new Bankwest Qantas Transaction Account

Bankwest is giving Australians an easy way to pick up 10,000 bonus Qantas Points by opening a new Bankwest Qantas Transaction Account.

This account is like a standard bank transaction account, except it has the unique feature of allowing cardholders to earn Qantas Points both while holding money in their account and when paying for purchases with their Debit Mastercard.

Customers earn 12 points per $100 in their account each month plus 5 points per eligible purchase, which is basically any regular purchase: the exclusions are listed in clause 5 of the T&Cs and feature the usual suspects like government charges and business related expenses.

(You can also earn 5 points each time you withdraw cash from an ATM overseas, but you’ll cop a 2.95% fee, so it’s probably not worth it.)

While the points earning rates are modest, at least you’re getting something when putting your money to work.

The monthly account keeping fee is $6, but this is waived when you deposit at least $2,000 per month.

The current offer of 10,000 bonus Qantas Points is for new customers only. According to the T&Cs, “if you already hold an existing Bankwest transaction account or if you have closed one in the last 30 days, or if you have previously held a Bankwest Qantas Transaction Account, you are ineligible for this promotion.”

To qualify for the bonus points, you must also make 10 transactions (purchases or withdrawals) of $2 or more within the first 2 months of account opening.

The bonus points will be credited within 60 days of qualifying, and your account must remain open until that time.

If you’re not yet a Qantas Frequent Flyer member, you can join for free at qantas.com/joinffbankwest.

This promotion ends on 31 August 2018.

For more info, check out this page on Bankwest’s website.

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