Bankwest Qantas Transaction account [being withdrawn in 2025]

[_flyer]

Ubank offering 2.35% p.a. from 1 August
That brings the cost of a J return to Europe (with taxes of $800 each way) up to $6,000 rtn for a top rate taxpayer. At that cost I think I will fly revenue and earn points and SC
I am definitely done with this bank 'scam'

Couldn't agree more, this is really poor value now. Was borderline OK during Covid when rates were low, but now $$$ is much better than points, particularly at this pathetic rate. My money is out of Bankwest and with Virgin Money.

 

[burmans]

Sort of agree but think you’d be struggling to get a J return for 6K at the moment

 

[Duffa]

Sort of agree but think you’d be struggling to get a J return for 6K at the moment

If I use Emirates as an example it is $8,000 rtn - absolutely guaranteed to find a fare at that price!

 

[Rembrandt]

If you have more than 50K in your Bankwest Qantas transaction account do you earn points up to 50K or no points at all?

I'm using this account at the moment to earn extra points to just make the Points Club...

 

[Amanad78]

If you have more than 50K in your Bankwest Qantas transaction account do you earn points up to 50K or no points at all?

I'm using this account at the moment to earn extra points to just make the Points Club...

You will earn the points up to 50K

 

[jeza]

This now no longer charges foreign exchange fees & no Bankwest ATM fees for withdrawls made overseas, fees charged by the ATM operator would still apply.

They have removed the Extended Warranty & Purchase Security Insurance.

Bank accounts: transaction accounts & debit cards | Bankwest

Check out our range of everyday bank accounts and choose the right account for your lifestyle. Learn more and apply online.

www.bankwest.com.au

 

[Mattg]

I've started a new thread about ATM fees and international transaction fees being removed from this card:

Bankwest Qantas Transaction Account removes overseas ATM/forex fees

Just got this email from Bankwest: No more international transaction fees on overseas/online spend, and no more ATM fees (charged by Bankwest) when withdrawing from an overseas ATM in a foreign currency using your debit card. You also get 5 Qantas points whenever you withdraw cash from an...

www.australianfrequentflyer.com.au

 

[GSP]

After getting this card and thinking about what I had to go through to get the points, I bailed and just closed it.

 

[33kft]

After getting this card and thinking about what I had to go through to get the points, I bailed and just closed it.

I think for me the issue was earning any sort of useful point balance involved flying too close to the sun, so I banned myself before BW banned me. Its an innovative product, but a severely limited one. I'd still love to know how they make their money from these accounts.

 

[exceladdict]

After getting this card and thinking about what I had to go through to get the points, I bailed and just closed it.

I just dealt with the strange looks from the self-checkout attendant at woolies as I split a $3 transaction into ten.

 

[Rembrandt]

I was wondering why Bankwest were not crediting my qantas points. I checked my bankwest profile and my QFF number was missing (even though I entered the number when I applied).I've since entered in my QFF number I hope I still get my points credited....

 

[ChrisMars]

I was wondering why Bankwest were not crediting my qantas points. I checked my bankwest profile and my QFF number was missing (even though I entered the number when I applied).I've since entered in my QFF number I hope I still get my points credited....

I think I had the same issue, I did call to fix it, they reassured me, and indeed the missing points arrived at the next statement.

Reminds me I should move my bankwest fund to a saving account now. Bankwest qantas not so good value anymore imho.

 

[gty222]

I was wondering why Bankwest were not crediting my qantas points. I checked my bankwest profile and my QFF number was missing (even though I entered the number when I applied).I've since entered in my QFF number I hope I still get my points credited....

Thanks for that.
I checked mine and it was also missing despite providing the number with my application.

 

[N860CR]

Seems mine was also missing. Not adding, of course, error message:

Membership details could not be updated

This is the hardest 5000 points I’ve worked for in a while!

 

[Rembrandt]

Seems mine was also missing. Not adding, of course, error message:

Membership details could not be updated

This is the hardest 5000 points I’ve worked for in a while!

There were some connectivity issues with the QFF servers today (in gnernal not just with BW) so maybe try later today or tomorrow.

 

[exceladdict]

Third points sweep today and no sign of the 5000 points, so looks like they'll be crediting to my next points club year...

 

[DeKa]

Reminds me I should move my bankwest fund to a saving account now. Bankwest qantas not so good value anymore imho.

Yes I wonder if they’ll increase the points rate per $100 given interest rates have risen…

 

[Duffa]

If you have more than 50K in your Bankwest Qantas transaction account do you earn points up to 50K or no points at all?

I'm using this account at the moment to earn extra points to just make the Points Club...

I HAD been doing that but now that the interest rate on Ubank is going to 3.35% the Bankwest I'm leaving. Not even waiting to get to PC Plus - instead I'll buy some wine with a 10,000 bonus

 

[33kft]

I wonder if Bankwest are rethinking their significant devaluation on interest accruals given the recent RBA activity?

Probably not, given everything they've done with this account seems to run counter to any logic that I can identify.

 

[ChrisMars]

I wonder if Bankwest are rethinking their significant devaluation on interest accruals given the recent RBA activity?

Probably not, given everything they've done with this account seems to run counter to any logic that I can identify.

If enough people start to remove their funds, they might decide to make some positive changes...