*Available 2 October 2017 - 31 December 2017, subject to any extension or withdrawal at Westpac’s discretion without further notice. Minimum spend of $1000 within the first 3 months of taking the offer to receive 20,000 bonus points. This offer cannot be used in conjunction with other promotional offers other than a balance transfer offer. Customers who have held a hotpoints credit card within the past 24 months are ineligible for the offer on a new card. After 1 year, the annual account fee for the applicable card at that time applies. The minimum spend must be met within the first 3 months of the new card opening to qualify for the bonus points. Balance transfers, cash advances, and any retail purchases that have been made and then reversed within your spend period will not count towards the spend requirement. Bonus points will be paid 6-8 weeks after the spend criteria has been met. Your Westpac hotpoints MasterCard account must remain open at the time the bonus hotpoints are paid.
^Cannot be used in conjunction with other promotional offers other than a balance transfer offer. Customers who have held a hotpoints credit card within the past 24 months are ineligible for the offer on a new card. After 1 year, the annual account fee for the applicable card at that time applies. See the applicable Credit Card Conditions of Use for full details.
A quick look at the hotpoints website indicated 20,000 points is approx a $110 gift card (19,800 points), so between that and the fee waiver this is a pretty decent deal.