Qantas getting into Home Loans?

6 replies

MaximillianW

Qantas - Qantas Frequent Flyer

Member since 14 Dec 2016

Total posts 30

Hi,


I completed a Red Planet Research survey today titled Money, which covered the usual topics, but then came back to Home Loans and if 250k Qantas Points for taking out a home loan would be an incentive (another offered the same points plus cash back).

Has anyone else taken the survey or heard rumors about Qantas partnering with or getting involved in home loans.

mviy

Member since 05 May 2016

Total posts 281

Interesting idea. If the interest rate is not competitive it would probably be bad value for money though.

MRYJDrake

Air New Zealand - Airpoints

Member since 31 Oct 2016

Total posts 204

It is not uncommon for financial institutions and banks to offer credit cards in with Mortgage packages, often these will include an X number of points teaser to get you in. The points would likely (but not guaranteed) come with a credit card attached to a mortgage package...

Red Cee

Member since 15 Feb 2018

Total posts 151

All I can say, is watch the fine print, and be careful on what you sign up for.

John Phelan

Qantas - Qantas Frequent Flyer

Member since 28 Oct 2011

Total posts 211

This isn't new. Qantas partnered with Macquarie Bank for years with home loans. I had one for over a decade. Got 100,000 QFF points on approval and then one point per dollar on monthly repayments. No requirement for a credit card to be part of the package.


Last editedby John Phelan at Apr 30, 2018, 06:29 PM.

brettepi

Member since 10 Jul 2017

Total posts 86

if you miss a payment you get thrown out of the emergency exit

Traveller14

Member since 17 Sep 2015

Total posts 73

This isn't new. Qantas partnered with Macquarie Bank for years with home loans. I had one for over a decade. Got 100,000 QFF points on approval and then one point per dollar on monthly repayments. No requirement for a credit card to be part of the package.


Last edited by John Phelan at Apr 30, 2018, 06.29 PM.

Did you perceive at the time that interest rate and any other features was competitive? A variable not fixed loan I assume.


Were there any restrictions that added to costs for borrowers?

That's my caution with all these third party deals - a suspicion that if we take them up we pay a fair bit more than we should, and so the benefit of in this case 100,000 FF points becomes illusory.

Hi Guest, join in the discussion on Qantas getting into Home Loans?

Attach Files