Bankwest Qantas Transaction account [being withdrawn in 2025]

[Dr Ralph]

Well done Dr Ralph!

Sadly, I got caught very quickly

I knew my time would come. I stated so very clearly a number of times.

I've also sent them a very blunt response telling them that I'm happy to take my business elsewhere, to issue a bank cheque for the balance and to close my account immediately.

 

[cvmceg]

I knew my time would come. I stated so very clearly a number of times.

I've also sent them a very blunt response telling them that I'm happy to take my business elsewhere, to issue a bank cheque for the balance and to close my account immediately.

You will get a cheque. I did! for $9.92 haha

 

[Dr Ralph]

You will get a cheque. I did! for $9.92 haha

I only asked for the cheque to cause them more inconvenience and cost

 

[hossein_au]

I only asked for the cheque to cause them more inconvenience and cost

You cough (I mean this in the dearest form possible; I hope you don't take offence)

 

[Dr Ralph]

You cough

Not the first time someone has used this word to describe me. I take it as a compliment

Some of my legal colleagues seek out and revere the nick name 'the shark'. I've been dubbed 'the cough' and am happy with that.

 

[Isochronous]

Great work Dr. Ralph!

 

[Dr Ralph]

They may have closed my account but they still awarded me points right up til the last moment.

 

[Rick93]

Prompted to return to this thread by a sarcastic comment to me on another topic thread ..... ( a ref. to this thread )

Surprised to read through just the last several pages, that the 'manipulation' of BW's offer had continued over the past 5 - 6 years since I got 'kicked out' for doing 1 cent transactions at Coles etc.

Actually, I congratulate those who were able to keep 'the ride' going for as long as they did ....

 

[illumination]

Aware these are old replies, but never too late to reply right? Thanks Rick93 for triggering an email due to my subscription to this thread.

Just got my 10k points as well. Looks like they don't enforce their T&C's for this promotion.

What do you mean by this? You have recently had the same account with them?

If the experience of others is anything to go by, they won't let you open any type account with them. Ever.
Some of us got half a mil some years ago.

I had a BW QF account and subsequently applied for a card with them some time later which was approved.

 

[Cephalopod]

I can't believe this account still exists...

 

[coles525]

Aware these are old replies, but never too late to reply right? Thanks Rick93 for triggering an email due to my subscription to this thread.


What do you mean by this? You have recently had the same account with them?


I had a BW QF account and subsequently applied for a card with them some time later which was approved.

I might apply for another cc with them in the future if you were approved.

It's been maby 3 years since me account was axed.

 

[Dr Ralph]

I might apply for another cc with them in the future if you were approved.

It's been maby 3 years since me account was axed.

As soon as the there's a decent offer I intend to apply.

I closed down all other Bankwest accounts and my online access so there's less chance of connecting me to this offer.

 

[Danger]

Bankwest slices Qantas Points on its Qantas Transaction Account - Fly Stay Points

Bankwest has announced cuts of up to 40% on the number of points it awards holders of the Bankwest Qantas Transaction Account. From April 2020, Bankwest will reduce the number of points it pays on Mastercard purchases and savings balances. The Cuts in Detail First up, let’s start with the cuts...

www.flystaypoints.com.au

 

[Dr Ralph]

Bankwest slices Qantas Points on its Qantas Transaction Account - Fly Stay Points

Bankwest has announced cuts of up to 40% on the number of points it awards holders of the Bankwest Qantas Transaction Account. From April 2020, Bankwest will reduce the number of points it pays on Mastercard purchases and savings balances. The Cuts in Detail First up, let’s start with the cuts...

www.flystaypoints.com.au

Those were the days!

 

[Youfah Mizzum]

I can't believe this account still exists...

Yep, when this fiasco happened they closed my account. So I just opened another account in my wifes name & have been reaping the FF points on balance ever since. I think it was 5 points per $100 balance?

 

[nightelves]

Yep, when this fiasco happened they closed my account. So I just opened another account in my wifes name & have been reaping the FF points on balance ever since. I think it was 5 points per $100 balance?

Rumour has it someone back in the days extracted 3 million points from Bankwest using micro payment. I could only extra 150k from them

 

[BudgetFly]

I've done well out of my Bankwest account. I pay my Telstra bill in $2 increments = 5 points per transaction.
Electricity and Health fund at $5 a payment = 5 points per transaction. Any purchase under $15 I use my Bankwest debit. Over $15 my Velocity debit card kicks in. Small steps...

 

[Mattg]

I got the email too this afternoon:



A disappointing development indeed. With interest rates in Australia as low as they've been for the past few years, I've been quite happy earning 0.4 Qantas points/$100 per day instead of "real interest". Might have to re-assess now.

At least they haven't tried to make up some story about "our customers told us they wanted a lower earn rate" or some other rubbish. This is clearly just a way for the bank to cut costs. There aren't that many other bank accounts in Australia that award Qantas points in the same way, so they might even get away with it.

 

[ramamba]

Shame. I was able to avoid account closure back in the days and still use the account as my main transaction account. Never minded a few extra points every month and I quite like the app, lightweight and fairly functional. I guess i'll keep using it, this enhancement although annoying is not enough to force me to switch out of principle.

 

[MEL_Traveller]

I got the email too this afternoon:



A disappointing development indeed. With interest rates in Australia as low as they've been for the past few years, I've been quite happy earning 0.4 Qantas points/$100 per day instead of "real interest". Might have to re-assess now.

I didn't even get an email!

I'm wondering what you are considering as an alternative with the rate going to 0.3/$100? It's a harsh reduction - but I guess it could have been worse... I was fearing the '40%' reduction as mentioned in a couple of headlines (but that only applies to the 'per transaction' points).

0.3 probably still outweighs any available interest rate whether bonus saver or e-saver or term deposit? (especially if you have to pay tax on interest).