Westpac Altitude Qantas new annual points cap ($250k Black, $100k Platinum from 1 Jan 2022)

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Kangol

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Got an email announcing the change, website is updated:

Points are capped on eligible purchases up to $250,000 p.a. (excluding bonus points).6

6. Rewards Points: The earning and redemption of Altitude Points, Velocity Points and Qantas Points are subject to the Altitude Terms and Conditions. Purchases that are not eligible to earn Rewards Points are set out in the Altitude Terms and Conditions. You do not receive points if you have not paid the Minimum Payment Due in full and on time and in other circumstances. Qantas and Velocity Points earned during a statement cycle are added to your respective Points balance on a monthly basis. From 1 January 2022, for Altitude Qantas Platinum cards, earn 0.5 Qantas Points per $1 up to a maximum of $100,000 spent on eligible purchases annually. For Altitude Qantas Black cards, earn 0.75 Qantas Points per $1 up to a maximum of $250,000 spent on eligible purchases annually. This annual limit resets in January each year, based on your statement date. Bonus Points earned are not part of your annual cap.
 
Major blow. Would love to be corrected but I think this was the last non-Amex with full uncapped points earn.
 
A new year PSA as I’ve not seen this posted elsewhere.

St George has capped points earn on Amplify Qantas cards as follows:
From 1 January 2022, for Amplify Qantas Platinum cards, you will earn 0.5 Qantas Points per $1 up to a maximum of $100,000 spent on eligible purchases annually. For Amplify Qantas Signature cards, you will earn 0.75 Qantas Points per $1 up to a maximum of $250,000 spent on eligible purchases annually. This annual limit resets in January each year, based on your statement date. Bonus Points earned are not part of your annual cap.
 

It's in line with the Westpac Altitiude Qantas cards, so not a major surprise.


Edit: looks like this was also reported last year, but posted in the Westpac forum:

 
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