• long running

1 Qantas Point for Every $10 on Your Average Monthly Balance (up to 500,000 Points Per Month) @ AMP Bank GO

30
1 Qantas Point for Every $10 on Your Average Monthly Balance (up to 500,000 Points Per Month) @ AMP Bank GO
Go to Deal
WaddaDouche on 27/02/2026 - 19:30 amp.com.au (365 clicks)
Last edited 27/02/2026 - 19:42 by 1 other user

I’m reposting this deal without the double qantas points the last time it was posted (similar thing happening now, but I’m not posting about that).

Particularly good for those that already have $250k in a Macqaurie and want to ensure they don’t lose if the s hits the f.

It got a lot of backlash due to the double points being offered equating to less than a HISA or term deposit (which is true!) But for everyday banking you may as well get something out of it which most banks don’t do:

Earn points on your Everyday Account
Earn Qantas Points on the money in your account with AMP Bank GO.

Free membership
If you’re not already a Qantas Frequent Flyer member, your $99.50 membership fee is on us. Join free now.

No fees. Earn points.
With no monthly account-keeping fees or ongoing spend requirements, you can earn more Qantas Points (and good times).

Previous long running deal post

Financial Bank Account Frequent Flyer Qantas Frequent Flyer Reward Points Transaction Account

Related Stores

AMP
AMP

Comments

Old
Search through all the comments in this post.
  • MELso on 27/02/2026 - 19:37
    +12

    FWIW, I value Qantas points at 1cpp.

    This means that if you earn 1 point per month, you'll earn 12 per year, an effective interest rate of 1.2% on $10 (although tax free). Far better off with a MacBank savings account at 4.5%, even if you pay tax on it, and buying wine from Qantas wine if you want points.

  • WaddaDouche on 27/02/2026 - 19:39
    -3

    Agreed! Just edited to include the fact that if you already have $250k with Macqaurie this might be something to consider. But you are right

    • TheWiz on 27/02/2026 - 20:42
      +1

      From the point of view of maxing out what you're earning from your savings, if you have $250k in Macquarie then you can put $250k in Judo, RaboBank, UBank, etc. If you run out of HISAs then put money in term deposits.

      The earn rate on this is way to low. If it applied to GO Save, then it's a bonus on top of the normal interest by there's plenty of better earning products out there.

      • WaddaDouche on 27/02/2026 - 22:38

        Judo does term deposits, not HISAs or everyday accounts. This is for an everyday account. Rabobank has hoops to jump through, and UBank you can’t take your money out without losing the interest. Nothing beats Macquarie, but those particular accounts aren’t the same as just leaving your money in an account, spending more than you made that month and earning a little something at least

        • Steempy on 27/02/2026 - 23:59

          Judo recently launched a saving account. https://www.ozbargain.com.au/node/949338

        • TheWiz on 28/02/2026 - 00:42

          As Steempy just mentioned, Judo has just launched a HISA which is at 5.1% and one of the highest ongoing rates (not a welcome bonus). There's no hoops besides a deposit each month but you can withdraw.

          If you have an account that needs the balance to grow then you leave the money you may want to use in Macquarie or Judo so there's no penalty.

          Either way, you're better off leaving all your money in one of those accounts and transferring it out to your spending account as needed so you're earning interest on it which is worth more than the QFF points.

          Sure, if you don't want to deal with the admin of doing that then this is a great account to get points on your money that normally wouldn't be earning anything, but it's a waste of the potential interest to have a lot of money in an account like this just for points unless you need the points or prefer that over having better interest.

  • ltwo on 27/02/2026 - 22:05

    anyone have a spare $5m I can borrow interest free so I can hit the 500k points per month?

    • liam2040 on 27/02/2026 - 23:03

      no, it seems they are too busy maxxing out all their other bank accounts with 250k

  • capslock janitor on 01/04/2026 - 17:33

    whats better this, or virginmoney pts?

Login or Join to leave a comment
Login Join