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Pay $10,000 off a Credit Card, Get 50,000 Qantas Points (Linking with Qantas Business Rewards Membership Required) @ Yak Pay

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Pay $10,000 off a Credit Card, Get 50,000 Qantas Points (Linking with Qantas Business Rewards Membership Required) @ Yak Pay
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billevans on 23/03/2021 - 22:15 qbr.yakpay.com (489 clicks)
Last edited 24/03/2021 - 13:31 by 2 other users

Qantas Business Rewards members that sign up to Yak Pay for the first time and link to their Qantas Business Rewards account will earn 50,000 bonus Qantas Points when they pay $10,000 or more off a credit card or charge card using the bank transfer service by 23 April 2021. Payments can be made separately and to different credit cards as long as they total $10,000 or more by 23 April 2021.

Pricing can be found at link below

https://www.yakpay.com/pricing

Looks like the minimum fee is $66 ($10,000 x 0.6% + GST)

Required

  • ABN
  • Qantas Business Rewards Membership
  • Link with Yak Pay
  • First time Yak Pay users

Referral Links

Referral: random (12)

Referrer gets 10,000 Qantas Business Rewards Points + further 10,000 Qantas or Velocity Points if referee spends $100,000 in first 6 months.

Financial Frequent Flyer Qantas Frequent Flyer Reward Points

Related Stores

Yak Pay
Yak Pay
Qantas
Qantas

closed Comments

  • paultiffen on 23/03/2021 - 22:32

    Following.

    I tried and got confused about the steps to add a card and pay it etc. but will post with feedback if I figure it out

    • nightelves on 23/03/2021 - 22:34

      Interested in this as well. Let me know if it’s straight forward.

  • holdenmg on 23/03/2021 - 23:09
    +1

    https://experience.velocityfrequentflyer.com/partners-offers/credit-cards-banking-insurance/yak-pay

  • kiwiinsyd on 23/03/2021 - 23:12
    +1

    Very odd - I've set everything up - and it mentions on their Dashboard about linking to Qantas Rewards… and then you click on it and it only has option to link to Velocity? Bizarre! I've submitted a support ticket thing… surely they can get the basics right!

    • digitalane on 24/03/2021 - 00:13

      You may find you’re already linked via your ABN. Click on rewards in left hand menu. In there mine shows QBR as connected

      • igreen on 24/03/2021 - 09:04

        Nope - Mine just shows Velocity in the rewards section. So I disconnected from Velocity rewards and then it gave me the choice of Qantas Reward or Velocity Rewards.

        • trotsky on 24/03/2021 - 13:53

          Mine was the same yesterday but today it only gave me the option of QBR, which I've now linked.

  • simon 84 on 24/03/2021 - 02:56

    'pay $10,000 or more off a credit card or charge card using the bank transfer service'
    Actually I do not understand the direction of this payment.

    'From' is my bank transfer to Yak?
    'To' is a bill? what kind of bill I have to pay? how about my Amex credit card monthly bill?

    • trotsky on 24/03/2021 - 13:49

      It looks like they have a new service that tacks a fee on payments from a bank account to pay a credit card balance, allow earning points for credit card statement payments, so yes, this would likely be that

      • simon 84 on 24/03/2021 - 14:55

        called them today.
        The promotion is ONLY for new customers.

        I have already registered before (but never used). So I am out of this promotion.
        So sad.

  • Ash-Say on 24/03/2021 - 08:00

    Seems like a good offer but confused with the process. Once I sign up to Yak, do I make bank transfer facilitated by Yak to payoff any credit card?

    How long do I need to wait to receive bonus points after meeting eligible transfer spend?

    Edit: I signed up but payment page isn't working for me..

    • trotsky on 24/03/2021 - 13:54

      It requires your account to be confirmed/processed by Yak first. If your account shows pending on the summary page when you log in, you won't be able to make payments yet.

  • mini2 on 24/03/2021 - 14:43

    $66 for 50k points seem cheap. The only thing I've skeptical is will Yak cough up the points?

    • digitalane on 24/03/2021 - 18:03
      +3

      It was promoted by QF so I imagine they’re legit. My account all set up and transfers compete.

      $66 for 53,333 points is 👌🏼

      • Some Guy on 25/03/2021 - 16:41

        So you can pay $10k from your credit card, via Yak, to the bank account of your "supplier"?

      • Gleung on 25/03/2021 - 17:24

        Do you mind letting me know how long does it take to complete the (BPay) payment for credit card settlement? I have an AMEX account due 30/3 and don't want to get caught for overdue. Thank you in advance for any advice (I just set up my Yak Pay account with approved status)

  • lovedbymarylane on 24/03/2021 - 19:58
    +3

    Can you pay more off a credit card than you have owing? As in, can I pay $10,000 on my CC bill and then use that credit for the next few months?

    • digitalane on 24/03/2021 - 22:54
      +1

      Yep done it a few times

      • nightelves on 14/04/2021 - 17:35

        If you have surplus can you request the money to be withdrawn?

    • Some Guy on 25/03/2021 - 16:35
      +2

      I routinely pay more than I have owing but I would be wary about putting a credit card into large amount of credit, especially more than 10k. I did it once on an AmEx card and when I tried to close the account and get the $10k+ transferred, it flagged as a money laundering transaction. You'd be fine will lesser amounts like a few k though.

      • nightelves on 14/04/2021 - 17:34

        So were you able to withdraw the money?

        • Some Guy on 15/04/2021 - 10:03

          Yes, once I sent in documentation showing the money had come from an account in my name. It was a balance transfer from a credit card deal.

  • MementoMori on 25/03/2021 - 10:58

    Qantas 'Business' Rewards noob here…

    Can I transfer / use these points in my 'personal' account?

  • jlimster on 26/03/2021 - 17:38

    Will they check that they're business expenses (or has to be a Qantas business credit card)? Or are people able to sign up using any Qantas earning credit card?

    • nightelves on 14/04/2021 - 17:22

      Nah they don’t think.

  • Ash-Say on 07/04/2021 - 06:33

    Anyone received their bonus points for payments?

    I made $4k payment but yet to see 1333 points.

    • madreece on 07/04/2021 - 21:02

      Yep, got the 3K in points, just waiting for the bonus to come through.

      • joyfulpatrick on 09/04/2021 - 13:20
        +2

        I was told by Yak Pay that the bonus 50k points will be credited in early May.

        • madreece on 09/04/2021 - 15:31

          Not stressing about it.

        • neilpatrickharris on 12/04/2021 - 20:04

          In the same boat, made a 10k payment and received 3,333 points but no 50k points yet.

          Guess i'll wait till mid May

    • Dealseeker21 on 13/04/2021 - 23:19

      end of April they told me

      • madreece on 14/04/2021 - 11:01

        Not like I'm on the edge of my seat waiting to use them.

  • step2au on 09/04/2021 - 21:33

    If paying other bills by linked credit card, will this count at $10,000 payment requirement? Or the $10,000 purely about bank transfer to pay off credit card?

    • madreece on 10/04/2021 - 08:10

      Terms seem pretty clear:
      "New customers who sign up to Yak Pay will earn 50,000 bonus Qantas Points by paying $10,000 or more off a credit card using the bank transfer service by 23 April 2021"

  • Dealseeker21 on 10/04/2021 - 23:16

    I signed up 48 hours ago and my account is still not active

    Anyone else
    ?

    • nightelves on 14/04/2021 - 17:22

      Call them. I got mine approved over the phone.

  • lilkid28 on 10/04/2021 - 23:48

    Having trouble linking to QBR, anyone has this issue?

    • BS2324 on 12/04/2021 - 08:45

      Have your account been activated?
      After your account is active, Qantas will be there as above for you to link.

  • coolsteps on 23/04/2021 - 16:48

    is it too late to do all this today or does it take a couple of days to confirm account?

    • Gleung on 23/04/2021 - 17:09

      The advice I received was that the fund for paying the credit card balance had to be credited to Yak’s account today. So you may still have luck if the account is all set up and you are able to use NPP for instant payment…

      • coolsteps on 23/04/2021 - 23:20

        thanks i managed to open up account today and rep called me asking for proof of address which i emailed and he activated account and talked me through the steps and i managed to make a 1k payment to one card successfully and he confirmed received. luckily he called me as i was about the give up. ive make 3 more payments had to shuffle money around and wait 4 hours for npp to arrive as some accounts had 1k daily npp limits. so only 1 npp is showing approved and the other 3 are still showing waiting payment. does someone need to approve them or is it done automatically? also for the reference number i does it matter if you type in the ( - ) hyphen between the numbers which i did for one of them.? dam npp its not so instant depends on the banks have different daily limits. does anyone know 86 400 limit for new NPP ? anyway i hope i get the bonus qantas points for all the effort i went to this evening.

  • coolsteps on 23/04/2021 - 16:51

    can we get both offers qantas and velocity>?
    Sign up to Yak Pay and link your Velocity account
    Set up your suppliers to process payments
    Pay $10,000 off your credit card using Yak Pay Bank Transfer by 21 May 2021 to get 50,000 bonus Points*
    Plus, earn Points ongoing for processing business payments through Yak Pay

    • madreece on 23/04/2021 - 17:21

      Pretty sure it says for new customers.

  • coolsteps on 03/05/2021 - 14:22

    i still haven't received the 10k points. does anyone know how long it takes for them to reach account.?

    • lilkid28 on 03/05/2021 - 14:58

      Do you mean 50k points?

      • coolsteps on 07/05/2021 - 15:28

        yes i mean 50k . i just got email too so happy days.

        Congratulations on earning your 50,000 Qantas points, which will be in your account by early next week!

        To further maximise your Qantas points, you can now earn double bonus points on your ATO payments, by simply using your credit card via the Yak Pay portal from today until June 30, 2021. Doing this will also qualify you to be rewarded with your share of 20 million Qantas Points.^

  • madreece on 06/05/2021 - 12:50
    +2

    Just got this in my inbox.

    "Congratulations on earning your 50,000 Qantas points, which will be in your account by early next week!"

    • Gleung on 06/05/2021 - 14:17

      Thanks. Same here

  • neilpatrickharris on 11/05/2021 - 22:23
    +1

    Just checked my account and got credited the 50k points on the 7th of May! Transferred it from the business account to my personal account and the points were instantly reflected. Thanks OP!

  • madreece on 14/05/2021 - 16:17

    My points also arrived on the 7/05.

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