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Earn up to 15,000 Qantas FF Points by Loading Foreign Currency on Travel Card (Potentially More)

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Earn up to 15,000 Qantas FF Points by Loading Foreign Currency on Travel Card (Potentially More)
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beatthatflight on 07/12/2018 - 09:29 qantasmoney.com (347 clicks)
Last edited 10/12/2018 - 15:17 by 1 other user

If you're going overseas (or maybe even if you're not?) you could earn quite a few points, relatively easily.

Earn guaranteed bonus points – that’s 5,000 or 15,000 bonus Qantas Points - simply for loading foreign currency by 20 December 2018. The more you load, the more points you earn.
Load amount
(in equivalent foreign currency) Bonus points earned
AU$2,000 to $4,999 5,000 Qantas Points
AU$5,000 or more 15,000 Qantas Points

If you do so, then you also stand a chance of winning a share of a million points. But that's obviously not guaranteed.

Travel Frequent Flyer Qantas Frequent Flyer Reward Points Travel Card

Related Stores

Qantas Money
Qantas Money

closed Comments

  • Homr on 07/12/2018 - 09:37
    +1

    What card is eligible?

    • beatthatflight on 07/12/2018 - 09:43

      Qantas Cash. They're simply promoting their travel card by running this.

  • marantz on 07/12/2018 - 09:38

    have a read of this site and see if this is for you

    https://www.pointhacks.com.au/product-guide/qantas-cash-guid…

  • RogueWolf on 07/12/2018 - 09:43
    +5

    wouldnt you be better off using citi bank plus account your losing 3-4 cents in the conversion with qantas

    • beatthatflight on 07/12/2018 - 09:44
      -5

      Each to their own, some people want the points - especially if you're using it for say, a business class ticket. That small amt you lose in conversion can be gained in the ticket you buy.

      • samehada on 07/12/2018 - 09:47
        +5

        It is not a small amount, mark up ~5% for $5000 that is $250. Paying 5% for points is the most stupid way to earn points.

        • cheapo999 on 07/12/2018 - 09:50

          How do you figure out ~5%?

          • samehada on 07/12/2018 - 09:53

            @cheapo999: How hard can it be with their published rate and xe.com? In fact it can be even more than 5%, all these BS travel card are all ~5+ %.

            • cheapo999 on 07/12/2018 - 10:26
              +2

              @samehada: Just to prove your point I went in to both sites and checked the rates.
              Say USD: (72.3230 - 69.04)/72.3230
              Thats 4.5%.

              However where can I exchange money using xe rates?

      • jesseboy89 on 07/12/2018 - 09:50

        You can buy points from other members cheaper than this is costing you - using the Qantas travel card purely for the points is a costing you money.

        • beatthatflight on 07/12/2018 - 10:09
          -4

          you could, but it's against their T&Cs…

      • RogueWolf on 07/12/2018 - 09:53

        live exchange A$5000 gives you US$3617 call it $3600, Qantas exchange gives you $3451 + 15000 points, $150 difference works out your buying points for 1c each, dollar goes down your ahead dollar goes up you behind

        • samehada on 07/12/2018 - 09:57
          +4

          Your calculation is wrong, you have missed the point, the difference is $166 USD, which is $230AUD. These travel cards are all scam.

          • RogueWolf on 07/12/2018 - 10:00

            @samehada: oops your right, brain fade..

            live exchange A$5000 gives you US$3617 call it $3600, Qantas exchange gives you US$3451 + 15000 points, US$150 difference works out your paying $230 for 15000 points which can usually be bought for $150

            • Coops1 on 07/12/2018 - 10:09

              @RogueWolf: it's fairly simple, there is NO travel card - similar to this - that works out better than Citibank plus or 28 Degrees and select others. fees, exchange rate differences, conversion fees are 3-5% plus

              • RogueWolf on 07/12/2018 - 10:11

                @Coops1: agree Coops1 see my comment above "wouldn't you be better off using citi bank plus account" … my other comments are just working out the calculation, I always use citi when travelling great card

    • bargainshooter on 07/12/2018 - 12:38

      But it's not cash…

      • RogueWolf on 07/12/2018 - 12:41

        can take cash out at ATM no fees if your reffering to citi card

        • bargainshooter on 07/12/2018 - 12:47

          No was referring to 28 degrees.
          Cash advance fee
          3% of the cash advance or $4 (whichever is greater).
          Plus 21% interest charged from moment advance is made (unless you preload).

  • pantsparty on 07/12/2018 - 09:57
    +2

    This sounds like a bad deal - you can get many more points for a similar cost when signing up for a new credit card

    • mxlmxlmxl on 07/12/2018 - 10:36

      Except this is about a load and go card not a credit card. No impact to credit score or credit application.

      • pantsparty on 07/12/2018 - 10:46

        Of course - if you have a poor credit history I definitely wouldn't be going down the path of credit card applications for Qantas points. If you do have a good credit history however and want to maximise the Qantas points you earn than credit cards can be much more rewarding than this deal for a similar cost.

        • mxlmxlmxl on 07/12/2018 - 10:49
          +1

          I get what you're saying but they're quite different products/uses.

          And no Qantas point earning credit card would be good for USD payments. So you'd need another solution anyway.

          • pantsparty on 07/12/2018 - 10:50

            @mxlmxlmxl: Of course - Ozbargain lesson 1 in overseas travel is to get a 28 Degrees credit/Citibank debit/etc etc account for paying amounts not denominated in AUD!

  • tonyjg on 07/12/2018 - 10:02

    Load amount
    (in equivalent foreign currency) Bonus points earned
    AU$2,000 to $4,999 5,000 Qantas Points

    wow… a whopping 5000 points…. You'd be better spending your $$ at Woolies and get their Rewards Cards deals than wasting any effort on QF Cash Cards.

  • mxlmxlmxl on 07/12/2018 - 10:33
    +3

    No offence but many of you have this a little skewed and not 100% right.

    Based on ACTUALS if done today if doing $5000

    28 Degrees rate = 0.7271 = USD$3,635

    Qantas Cash = 0.6914 = USD$3,417

    That means you get USD$172 more.

    At the .7271 rate that's AUD$236

    You get 15,000 bonus points plus 1.5 per dollar spent. So you'd end up with 22,500 points.

    Most value points at 1c. So thats $225

    Points can be sold on Gumtree/eBay between 1.2-1.4c though. So sold could be worth $280-300ish.

    Realistically there's very little in it between the two for everyone to be so agressive in it saying it's poor value. It's at worse, $11 difference and some prefer that to the hassle or risk of buying/earning points and use points a lot.

    Basically, everyone's circumstances dictate what is best for them. Comments above are opinions, not facts and bias.

    Also add in that this is a load and go card and does not impact credit score, is not a line of credit, it can also be safer/more convenient for some too.

    • render on 07/12/2018 - 10:56

      Exactly this
      Their exchange rates (as indicated here) are so poor compared to the market rate - it will cost you significantly more than just using your ING / Citibank card.

      • mxlmxlmxl on 07/12/2018 - 11:05

        Did you not read the post? Its the same if you use points. If you don't use or care for points 100% agree it's better to use a 28 Degrees etc.

    • jesseboy89 on 07/12/2018 - 11:25

      Or get an ANZ travel rewards card if you want points from a credit card >> comparison to your 28 degrees suggestion.

      $220 per year annual fee - offset by free domestic return flight and two lounge passes.
      PLUS you accrue points.

    • Timetraveler on 07/12/2018 - 16:45

      mxlmxlmxl wrote

      "Based on ACTUALS if done today if doing $5000
      28 Degrees rate = 0.7271 = USD$3,635
      Qantas Cash = 0.6914 = USD$3,417
      That means you get USD$172 more.
      At the .7271 rate that's AUD$236"

      I think your calculations is wrong, correct me if Im wrong.

      28 Degrees you said was USD $3,635
      and if Qantas Cash is USD $3,417

      shouldn't the difference be USD $218
      and not USD $172 therefore making a bigger difference from $225 to $301 ???

  • bargainshooter on 07/12/2018 - 12:38

    Hold on isn't this a cash card with no % fees for cash withdrawal? Can't compare it to 28 deg credit cards if you need to make a cash withdrawal OS. Last I looked there's a 3% atm withdrawal charge. Qantas cash is US$2.

  • cheapo999 on 07/12/2018 - 12:50

    Imo the best travel card is HSBC Everyday Global Account. I calculated the exchange rate spread is only +/-1% (usd)
    https://apply.hsbc.com.au/multiapp/calculators/foreign-excha…

    Key features:
    -Bank account and travel card in one

    -No transaction fees at home or overseas

    -Up to 10 currencies in the one account.

    With the HSBC Everyday Global Account you can now live and pay like a local no matter where you are in the world. An everyday bank account that also let’s you load up to 10 currencies, make fee free overseas transcations online or in-person, and pay from your account anywhere Visa is accepted. It has no account fees and in addition to Visa payWave, you can also pay using Apple Pay or Google Pay.

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