Gift card value
−$170 after fees
$125 in Woolworths gift cards · 25,000 Qantas points · spend $3,500 in 120 days
Available
I'd like to use my bonus for:
$125 in Woolworths gift cards (25,950 of 27,625 Qantas points; 1,675 left over) − $295 card fee. Assumes you earn the bonus and pay in full; extra spend or interest changes the outcome.
These terms are currently available (site published 12 Oct 2026).
What this calculation assumes
- You make the required purchases and the bonus is paid.
- You pay the balance in full — any interest changes the outcome.
- The required spend is ordinary planned spending, not extra cost.
- Gift-card rates are the recorded redemption catalogue, rechecked at renewal.
Did this help you make a decision?
Can I get this?
This is a public offer.
Can I get this bonus if I have held a card before?
You are not eligible for the initial bonus Qantas Points if you currently hold or have held an ANZ Rewards or ANZ Frequent Flyer credit card in the last 24 months. The holding period is 24 months, measured from the last date you held a covered card. An open covered card blocks the bonus.
See exclusion periods for every Australian issuer →What must I spend?
$3,500 within 120 days — about $875 per month. The terms on this page don't record when the clock starts or how long the bonus takes to arrive after you qualify — check the issuer terms for both.
Can I get the card?
$6,000 minimum credit limit — a lending commitment, not a reward fact.
No minimum income recorded — this does not mean there is none.
Lending approval is separate from bonus eligibility: approval gets you the card, the conditions above get you the bonus.
How long is this available?
No recorded end date — this does not mean it never ends. Availability is rechecked against the issuer page.
What else makes the card useful?
Reward use
Ways to turn points into value.
- Points Transfer Benefits Compare across cards →Earn 0.75 Qantas Points per $1 up to $3,000 per statement period and 0.5 Qantas Points per $1 over $3,000 on eligible purchases; Qantas Points credited monthly to the Qantas Frequent Flyer account
Check membership, transfer ratios, minimums, and fees before choosing gift cards or flights.
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Earn 0.75 Qantas Points per $1 up to $3,000 per statement period and 0.5 Qantas Points per $1 over $3,000 on eligible purchases; Qantas Points credited monthly to the Qantas Frequent Flyer account
No source recorded for this benefit.
Purchase protection
Cover on things you buy with the card. Limits, excesses, and activation conditions apply.
- Purchase Protection Insurance Compare across cards →Items purchased on the card covered against theft, accidental damage or permanent loss for 90 days from possession, up to $10,000 per item ($3,500 for jewellery, watches and new works of art), to a maximum $135,000 per card account in any 12 months
Check the cover period, the card-payment condition, claim limits, and excess.
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Items purchased on the card covered against theft, accidental damage or permanent loss for 90 days from possession, up to $10,000 per item ($3,500 for jewellery, watches and new works of art), to a maximum $135,000 per card account in any 12 months
- Extended Warranty Insurance Compare across cards →Extends an eligible manufacturer's Australian warranty by the same period for up to one additional year on items charged to the card, up to $10,000 per item and $10,000 per card account in any 12 months; no cover where the manufacturer's warranty exceeds five years
Check how much extra cover it adds, which warranty lengths qualify, limits, and excess.
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Extends an eligible manufacturer's Australian warranty by the same period for up to one additional year on items charged to the card, up to $10,000 per item and $10,000 per card account in any 12 months; no cover where the manufacturer's warranty exceeds five years
Travel
Travel cover and perks. Most need qualifying bookings or payment with the card.
- Travel Insurance Compare across cards →Up to $20,000,000 cover · trips up to 90 days
Check the cover period, the activation condition, and who counts as an insured person.
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Complimentary International Travel Insurance for ANZ Platinum cardholders for journeys up to 3 consecutive months when at least $250 of prepaid travel costs are charged to the card and a return overseas travel ticket is held; includes Overseas Emergency Medical/Assistance up to $20 million; domestic travel insurance also available
- Rental Vehicle Insurance Compare across cards →Rental Vehicle Excess Insurance in Australia covering rental vehicle damage or theft up to the agreement amount or $5,000 (whichever is lesser) when the full rental is charged to the card; $100 excess per claim
Check overseas rental excess separately from Australian cover, plus limits and activation for each.
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Rental Vehicle Excess Insurance in Australia covering rental vehicle damage or theft up to the agreement amount or $5,000 (whichever is lesser) when the full rental is charged to the card; $100 excess per claim
Account management
Tools for running the account — repayment helpers, not reward value.
- Concierge Service Compare across cards →24/7 ANZ Personal Concierge for domestic and international restaurant and hotel bookings, gift ideas and travel recommendations; call 1300 580 765 or +61 2 7907 0805
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24/7 ANZ Personal Concierge for domestic and international restaurant and hotel bookings, gift ideas and travel recommendations; call 1300 580 765 or +61 2 7907 0805
No source recorded for this benefit. - Digital Wallet Integration Compare across cards →Compatible with mobile digital wallets including Apple Pay, Google Pay, Samsung Pay, Fitbit Pay and Garmin Pay on eligible devices
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Compatible with mobile digital wallets including Apple Pay, Google Pay, Samsung Pay, Fitbit Pay and Garmin Pay on eligible devices
No source recorded for this benefit. - Digital Card Issuance Compare across cards →Digital cards can be added to a digital wallet and are issued faster than a replacement card by post
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Digital cards can be added to a digital wallet and are issued faster than a replacement card by post
No source recorded for this benefit. - Status Credits Compare across cards →Earn 1 bonus Qantas Point per $1 on selected Qantas products and services (Qantas flights with a QF number, Qantas Frequent Flyer and Qantas Club membership joining/annual fees), plus bonus points with Bonus Partners
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Earn 1 bonus Qantas Point per $1 on selected Qantas products and services (Qantas flights with a QF number, Qantas Frequent Flyer and Qantas Club membership joining/annual fees), plus bonus points with Bonus Partners
No source recorded for this benefit. - Rewards Program Elite Status Compare across cards →Complimentary Qantas Frequent Flyer membership (joining fee waiver, currently worth $99.50) for new members who sign up via the ANZ-provided link
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Complimentary Qantas Frequent Flyer membership (joining fee waiver, currently worth $99.50) for new members who sign up via the ANZ-provided link
No source recorded for this benefit.Learn more - Interest Free Periods Compare across cards →Up to 55 interest-free days on the Purchases balance when the Closing Balance (or Adjusted Closing Balance) is paid in full by the Due Date
Interest-free terms change often — confirm the current days with the issuer before applying. This recorded term may be out of date.
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Up to 55 interest-free days on the Purchases balance when the Closing Balance (or Adjusted Closing Balance) is paid in full by the Due Date
- Balance Transfer Offers Compare across cards →Balance transfers available from eligible non-ANZ Australian credit and store cards; transfers of $100 or more, subject to a Promotional Balance Transfer Plan with separate interest rate and terms
Check the rate, period, revert rate, and fees.
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Balance transfers available from eligible non-ANZ Australian credit and store cards; transfers of $100 or more, subject to a Promotional Balance Transfer Plan with separate interest rate and terms
- Installment Plans Compare across cards →ANZ Instalment Plan at Checkout lets eligible purchases be split into 3, 6, 9 or 12 monthly instalments; a Setup Fee may apply with a 0% p.a. plan interest rate for the plan period
Check applicable charges and eligibility — a repayment plan, not reward value.
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ANZ Instalment Plan at Checkout lets eligible purchases be split into 3, 6, 9 or 12 monthly instalments; a Setup Fee may apply with a 0% p.a. plan interest rate for the plan period
- Buy Now Pay Later Compare across cards →Buy Now Pay Later Plan allows an agreed amount with no repayment required and no interest charged for a specified period
Check applicable charges and eligibility.
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Buy Now Pay Later Plan allows an agreed amount with no repayment required and no interest charged for a specified period
Should I keep it after the first year?
Renewal costs $295 each year ($295 annual fee) — first year was $295.
Second year pays 25,000 Qantas points if you still hold the card into year two. The recorded terms don't detail the exact second spend hurdle — check the issuer terms before counting on it.
Ongoing earn: 0.75x Qantas points per $1.
Keeping pays off only if you meet the second-year conditions and use the points and benefits enough to cover $295/yr.
Year-two points aren't dollar-valued here: the redemption catalogue may change before renewal, so recheck the rate then.
Terms and evidence
Full current terms
Offer terms
First Year Points
25,000 points
Qantas
Second Year Points
25,000 points
With $295 annual fee
Minimum Spend
$3,500
within 120 days (about 4 months)
Ongoing Earn Rate
0.75x points per $1 spent
Fees
First Year Annual Fee
$295
Ongoing Annual Fee
$295
From year 2 onwards
Purchase Interest Rate
22.49% p.a.
The value above assumes you pay in full and never pay this. Any interest changes the outcome.
Note: Additional fees may apply for cash advances, foreign transactions, overlimits, and late payments. Check the issuer's terms and conditions for complete fee details.
Benefit history (26 changes)
- Travel InsuranceUpdated May 2026
- Buy Now Pay LaterUpdated May 2026
- Installment PlansUpdated May 2026
- Extended Warranty InsuranceUpdated May 2026
- Purchase Protection InsuranceUpdated May 2026
- Rental Vehicle InsuranceUpdated May 2026
- Points Transfer BenefitsUpdated May 2026
- Digital Card IssuanceUpdated May 2026
- Digital Wallet IntegrationUpdated May 2026
- Balance Transfer OffersUpdated May 2026
- Interest Free PeriodsUpdated May 2026
- Travel InsuranceUpdated May 2026
- Concierge ServiceUpdated May 2026
- Travel InsuranceUpdated May 2026
- Concierge ServiceUpdated May 2026
- Purchase Protection InsuranceRemoved May 2026
- Travel InsuranceUpdated May 2026
Now Up to $20,000,000 cover · trips up to 90 days.
- Extended Warranty InsuranceRemoved May 2026
- Buy Now Pay LaterRemoved May 2026
- Concierge ServiceUpdated May 2026
- Balance Transfer OffersRemoved May 2026
- Shopping BenefitsRemoved May 2026
- Digital Wallet IntegrationRemoved May 2026
- Rewards Program Elite StatusRemoved May 2026
- Points Transfer BenefitsRemoved May 2026
- Interest Free PeriodsRemoved May 2026
Offer terms history
These are published versions of this offer's terms. Each version preserves the conditions available at that time.
Published 12 Oct 2026
Availability changed from ended to available; conditions unchanged.
Changes from terms version 5
Changes from terms version 4
Changes from terms version 3
Changes from terms version 2
Changes from terms version 1
First recorded terms
Captures behind the selected terms record — evidence for these terms, not a complete history of the named offer.
Archived notes
Earlier notes about this offer, kept as an archive — not current terms. Note dates are separate from terms publication dates.
- Bonus increased from 70k to 75k3 years ago
- First year annual fee increased from $0 to $295, $100 credit added4 years ago
Discussion
About the current terms (published 12 Oct 2026).
Community and personal tools
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