Just received my January statement and down at the bottom
EFFECTIVE FROM YOUR MARCH STATEMENT ISSUE DATE YOU WILL EARN 1 QANTAS POINT PER $1 SPENT ON ELIGIBLE PURCHASES FOR SPEND UP TO $2,500 PER STATEMENT PERIOD. ABOVE $2,500 YOU WILL EARN 0.5 QANTAS POINT PER $1 SPENT ON ELIGIBLE PURCHASES IN THE SAME STATEMENT PERIOD. NO POINTS CAP APPLIES.
Didn't take long for MacBank to further devalue the benefits (the first devaluations were the increase in annual fee and the new fee for additional cards)