If you're about to take out a home loan, why not collect upwards of 50,000 Qantas Frequent Flyer or Virgin Australia Velocity Frequent Flyer points when you move in?
Here's a wrap of the deals on offer.
Virgin Australia is now paying out 50,000 points on home loans from $200,000 through to $499,999 taken out via Aussie Mortgage Brokers.
That sees travellers not bound to one particular lender, instead with the freedom to pick and choose the best fit from the right bank, while still earning a sizeable chunk of Velocity points.
And, if you're borrowing $500,000 or more, that jumps to 75,000 points – more than enough for five round-trip upgrades to business class between Melbourne and Brisbane when booked on Flexi fares.
Qantas Frequent Flyer members have a choice of just two lenders when it comes to earning points on home loans, although the points arrive month after month rather than as a lump sum.
Through Macquarie, homeowners pocket a bonus 10,000 Qantas Points for every $100,000 borrowed as a welcome gift, provided the loan is for $150,000 or more.
Each month, Macquarie awards a further 1,000 Qantas Points when the loan balance remains above $150,000, along with 25,000 bonus points in years three and five.
Over the first five years, a $500,000 loan would pile up 160,000 Qantas Points, which could get you two round-trip upgrades from economy to business class from Sydney to destinations such as Hong Kong and Singapore.
Another option for Qantas members is Qantas Credit Union, which pays out 150 Qantas Points for every $1,000 on your loan balance each year, again with a minimum loan amount of $150,000.
Points arrive monthly and are based on the loan’s average balance, so with an average debt of $490,000 in the first year, you’d earn a respectable 73,500 in just 12 months.
Follow Australian Business Traveller on Twitter: we're @AusBT