Bankwest Qantas Transaction Acct - reducing points earn

[Jleno]

Hi

Anyone else receive an email from Bankwest saying that from 1 April 2020 the points earn on your balance will be reduced?

“The number of Qantas Points you earn each day per $100 of account balance will reduce from 0.4 to 0.3 points. In addition, the number of Qantas Points earned per Eligible Purchase will reduce from 5 points to 3. The number of points earned from an Eligible ATM Withdrawal overseas remains unchanged at 5 points. This affects clause 1 of the Bankwest Qantas Rewards Program Terms and Conditions.”

K

 

[Happy Trails]

Hi

Anyone else receive an email from Bankwest saying that from 1 April 2020 the points earn on your balance will be reduced?

“The number of Qantas Points you earn each day per $100 of account balance will reduce from 0.4 to 0.3 points. In addition, the number of Qantas Points earned per Eligible Purchase will reduce from 5 points to 3. The number of points earned from an Eligible ATM Withdrawal overseas remains unchanged at 5 points. This affects clause 1 of the Bankwest Qantas Rewards Program Terms and Conditions.”

K

I've not yet received the email, but I had a premonition of this just this morning as we were discussing interest rates on bank deposits.

 

[Isochronous]

Haven't received it but not too surprising since they've devalued the credit cards multiple times.

 

[woodborer]

Yes indeed

 

[woodyren]

No. Haven't recieved yet but undoubtably will soon. I was wondering when they would reduce points earn in line with falling interest rates.

 

[Duffa]

Have been on this account for about 8 months but getting out ASAP.
It is now a total dud with the upcoming devaluation to 0.3 points and the fact that more and more savings accounts are paying 2% interest or better
I'm getting 2.2% at Xinja, so I will put my $264,000 in there for the next year and will earn $3659 interest AFTER tax at 37%.
I'll add the $1560 of saved taxes/surcharges from the rip-off Qantas FF programme and will have a whopping $5585 to spend on a business class return to Europe.
I'll be able to choose the dates and times I want and won't have to trawl though pages and pages of non-availability.
Here's a quick look: China Airlines or Malaysia have excellent J products I'm told