By whipping out your Commonwealth Bank Awards MasterCard over the coming months you could earn double Qantas or Virgin Australia Velocity frequent flyer points on your everyday spend.
Just use your Awards MasterCard between December 1 2014 and February 1 2015 and give CBA’s new ‘Lock, Block and Limit’ banking tools a whirl to earn double points on every MasterCard transaction.
It’s as simple as using NetBank to switch off an unneeded feature on your MasterCard, such as international payments or ATM cash advances, which can be done at no charge.
Better yet, a Commonwealth Bank spokeswoman confirmed to Australian Business Traveller that if you’ve already used this feature on your MasterCard – even before the deal began – you’ll automatically earn double points.
Bonus points don’t apply to any transactions made on CBA’s Awards Visa or American Express cards – although if you’ve got one of the following eligible cards, here’s how many Qantas or Velocity frequent flyer points you could now be earning:
Awards, Business Awards, Gold Awards and Business Gold Awards MasterCards: 0.8 points per dollar, up from 0.4
Platinum Awards and Business Platinum Awards MasterCards: One point per dollar, doubled from 0.5
Diamond Awards MasterCard: 1.25 points per dollar, boosted from 0.625
The extra points earned also don’t count towards your annual points cap, and if you don’t want your card to remain locked, you can also disable the security features at any time while still reeling in a cool bounty of points.
For more information, head to the Commonwealth Bank website.
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