Qantas Credit Card Signup Bonuses Over Time — What My Tracking Data Shows
By Craig McNamara · Published on 26 July 2026
I've been tracking every Qantas credit card offer on this site since November 2021. Every bonus increase, every cut, every fee change gets logged — first as a hand-written changelog, and since mid-2024 as a full version history of every offer in the database. That's what powers the latest offer updates page.
So instead of guessing whether today's Qantas bonuses are good, I can just look. Here's what almost five years of data actually shows.
Where this data comes from
Two datasets, and I'll be upfront about their limits:
- A changelog from November 2021 to July 2024 — 399 logged changes, 139 of them on Qantas cards. It records changes ("bonus increased from 100k to 120k"), not a continuous daily snapshot.
- Full offer version history since June 2024 — every version of every offer, with start and end dates, straight from the scraper.
If a bonus spiked and dropped between my checks in the early period, I may have missed it. Everything below is only what I actually recorded.
The biggest Qantas bonuses I've tracked
Personal cards first:
| Bonus | Card | When I recorded it |
|---|---|---|
| 160,000 | ANZ Frequent Flyer Black (existing-customer offer) | ended by mid-2024 |
| 150,000 | Qantas Premier Titanium | continuously since at least mid-2024 |
| 130,000 | Qantas Amex Ultimate (referral offer) | May 2022 |
| 125,000 | Citi Prestige Qantas → MyCard Prestige Qantas | Dec 2024 – Jun 2026 |
| 120,000 | Qantas Amex Ultimate (public offer) | Mar–May 2022 |
| 120,000 | NAB Qantas Rewards Signature (existing customers) | until Apr 2024 |
| 120,000 | Qantas Premier Platinum (24-month exclusion version) | Mar 2026 |
And the ABN outliers — business cards routinely beat everything above:
| Bonus | Card | When I recorded it |
|---|---|---|
| 180,000 | Amex Qantas Business Rewards (exclusive-link offer, $0 first-year fee, first-time QBR enrolment) | ended by mid-2024 |
| 170,000 | Amex Qantas Business Rewards (public) | Apr–Jun 2024 |
Two honest observations from those tables. The single biggest number I have ever tracked on a Qantas card is 180,000 points on an ABN card, and the biggest on a personal card is 160,000 — an existing-customer offer, not a public one. The headline "best public bonus" understates what's periodically been available through referral links, exclusive links and logged-in existing-customer offers. I cover the business-card side in ABN business credit card bonus rules.
Case study 1: the card that yo-yos
The Qantas Amex Ultimate is the best illustration of how unstable these offers are. From my logs, its bonus moved 16 times between January 2022 and May 2026, swinging between 50,000 and 120,000 points — same card, same $450 fee the whole time.
The shape of it: 55,000 at the start of 2022, up to 100,000 in January, peaking at 120,000 from March, then stripped back in stages to 50,000 by October 2022. Since then it has bounced through 60,000, 75,000 and 70,000, with two brief spikes to 100,000 — January 2024 and January-to-March 2025 — each lasting two to three months before falling back to 50,000 or 60,000.
An application at the 2022 peak earned 70,000 more points than one six months later, for identical spend. That volatility is exactly why I wrote how often do credit card bonuses change, which looks at the same pattern across every issuer.
Case study 2: the card that quietly ratcheted up
Not everything trends down. Qantas's own Premier Platinum (issued under Qantas Money) has a restricted version of its offer that bottomed out in late 2024 and has stepped up three times since:
| Date | Bonus |
|---|---|
| Mid 2024 | 100,000 |
| Nov 2024 | 80,000 |
| Jan 2025 | 90,000 |
| Sep 2025 | 100,000 |
| Mar 2026 | 120,000 |
But the fine print tightened as the headline grew: in October 2025 the eligibility condition changed from "no Qantas Points credit card in the previous 12 months" to "the previous 24 months". Bigger number, smaller eligible audience. That's a recurring pattern in this data — the bonus and the exclusion period move together, which is why I track both on the eligibility rules page.
Meanwhile the Premier Titanium has sat at 150,000 points with a $1,200 fee, unchanged, for the entire two years of my database history. Some offers yo-yo; some are furniture.
The last few weeks: cuts
This is a changelog site, so I'll log it here too: on 24 July 2026 ANZ cut the Frequent Flyer Platinum bonus from 75,000 to 20,000, and on 25 July 2026 cut the Frequent Flyer Black from 90,000 — where it had sat almost continuously since mid-2024 — to 40,000. The Platinum's 55,000-point drop is the biggest single-move cut I've recorded on a Qantas card in the entire dataset; the Black's 50,000 ties the previous record, the Amex Ultimate's 100,000 → 50,000 fall in March 2025.
One plausible backdrop: the RBA's March 2026 conclusions paper lowers the cap on domestic consumer credit card interchange to 0.3 per cent, and the RBA itself notes issuers use interchange revenue to "fund generous rewards programs" (RBA, Review of Merchant Card Payment Costs and Surcharging). Less interchange, less budget for bonuses. I can't tell you what each bank will do — I can only promise the tracker will record it when they do it.
How today's offers compare — without me hardcoding numbers
Current bonuses change too fast for a blog post; every number above is dated history. What's live right now is always on the Qantas cards page, and it does the historical comparison for you: any active offer whose bonus beats every ended offer I've ever tracked for that card gets a "best ever" badge. That's computed from the same version history this post is built on — it's not a marketing label, it's a database query.
For context on the field itself: Qantas lists Amex, ANZ, BankSA, Bankwest, HSBC, NAB, St.George and Westpac among its card partners, alongside its own Qantas Money cards (Qantas cards and banking hub) — as I write this I'm tracking 17 live Qantas-earning offers. And in every single year of the data, 2022 through 2026, at least one Qantas card has offered a six-figure bonus at some point. The market has never collapsed, and it has never run away either.
What the history means in practice
Three factual takeaways from the data, plus two program rules worth knowing:
- Peaks are short. The Amex Ultimate's 120,000 window lasted about two months in 2022; its 100,000 windows in 2024 and 2025 lasted two to three months each.
- The same card can be the best and worst offer in one year. Timing matters more than card choice for headline value.
- Fine print moves with the headline. Rising bonuses have come with longer exclusion periods and higher spend requirements. Moneysmart's advice to "read the conditions and the minimum spend required" on bonus offers (Moneysmart, choosing a credit card) is well supported by this dataset.
- Qantas points don't expire while you keep earning or redeeming, but the clock is 18 months of total inactivity (Qantas Frequent Flyer Terms, clause 9.2.2) — details in keeping Qantas points alive.
- Bonus eligibility depends on your own card history, not just the offer — see sequencing applications around waiting periods.
I'll keep logging every change on latest offer updates. The next 180,000-point outlier will show up there first.
External sources
- Qantas Frequent Flyer Terms and Conditions — points expiry, clause 9.2.2
- Qantas cards and banking hub — card partner list
- Qantas Money credit cards — Qantas's own card range
- RBA — Review of Merchant Card Payment Costs and Surcharging, Conclusions Paper (March 2026), Interchange Fees
- Moneysmart — Choosing a credit card
