Qantas Cash gets a new name but loses points-earning BPAY perks

By David Flynn, April 3 2018

Qantas is ringing in the changes for its Qantas Cash debit card, but they're not all worth celebrating.

First up, and least consequential, Qantas Cash is getting a new name: it'll now be called Qantas Travel Money. That's probably more appropriate to the card's primary role as a prepaid travel money card which can hold a dozen foreign currencies.

From July 1 2018, however, earning Qantas Points via BPAY payments "to third parties" gets the boot, along with

  • transactions made in operating a business
  • bank fees and charges
  • transactions made using Qantas Points, and
  • government related transactions

A small upside is that the fee for an 'instant' load of money into your card will drop from 1% to 0.5% of the total (I  personally find the bank transfer, which takes at most one day and attracts no surcharges, is quite good enough).

David

David Flynn is the Editor-in-Chief of Executive Traveller and a bit of a travel tragic with a weakness for good coffee, shopping and lychee martinis.

AT

AT

Qantas - Qantas Frequent Flyer

14 Sep 2012

Total posts 259

David thanks for the update. Honestly I tried the QF cash card once and gave it the flick pretty quickly. I can earn double MR points on my Plat Amex Charge (or Reserve) on foreign spend and cop the 3% charge all with a much better FX than the travel card. I can also use CBA Diamond Amex with no 3% again much better FX rate, or 28 Degree Mastercard no 3% again much better FX.

These travel cards (not just QFs) are really not great value.

Happy to be corrected if others have found any pluses that I haven't.

avatar2201

avatar2201

03 Apr 2018

Total posts 2

Could I BPAY my credit card balance using Qantas Cash and still earn Qantas points?

Sibelius

Sibelius

Virgin Australia - Velocity Rewards

06 Aug 2017

Total posts 23

Qantas Cash (and its Virgin equivalent) generally is not good value at all -- but on occasion there are (rare) "sweet spots" where the exchange rate for a particular currency on a particular day is attractive enough to make it worthwhile. The problem is that you need to go through the nitty-gritty of comparing exchange rates to find out whether it's of value or not. Generally, unless I'm going to be spending a lot of money, I don't bother; instead I use my Coles MasterCard for foreign transactions: no foreign currency fee, competitive exchange rates, and 1 Velocity point per dollar (I wait for the regular 15% promotions before transferring; otherwise 0.87 points per $).

sdtravel

sdtravel

Qantas - Qantas Frequent Flyer

18 Jun 2015

Total posts 107

I find that they only update rates daily at 9am aest and not at all on weekends. So if the currency drops just buy before the next day changes.

Or hedge and do a top up at 8.30. Rates locked in for 2 hours so if it goes up just start again with a new top up or do the transfer at the higher rate or do over the next day.


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