Qantas Cash serves up three frequent flyer points per dollar spent

By Chris Chamberlin, May 21 2015
Qantas Cash serves up three frequent flyer points per dollar spent

Qantas Cash customers new and old can skyrocket their frequent flyer haul on overseas transactions to an impressive three points per dollar spent under the airline’s latest promotion.

It works like this: load at least A$1,000 worth of foreign currency in one transaction by June 30 to pocket 2,000 bonus Qantas Points; at least A$2,500 worth of the same to grab 5,000 bonus Qantas Points or A$5,000+ in forex for a cool 10,000 bonus points.

When combined with the everyday Qantas Cash earning rate of one point per dollar on overseas spend, you’re ultimately looking at three points per dollar charged abroad or when using your card to shop online at a foreign website.

What’s more, as the chunk of bonus points are awarded when topping up your card rather than when you spend the money, you can load up before June 30 and use those funds after that date while still netting three points per dollar.

“Pre-paid travel cards really are handy when heading overseas because you don’t have to carry cash, but can access cash at ATMs around the globe,” said Ryan De Boer, Head of Qantas Cash.

“Plus, you can lock-in exchange rates before you travel so it gives more certainty to your holiday budgeting, and with Qantas Cash, there are no load, inactivity or monthly fees,” he added.

Qantas frequent flyers over the age of 18 can access Qantas Cash via the back of their existing Frequent Flyer membership card, while those aged 16 or 17 can also manually request a Qantas Cash card.

Bonus points aren’t awarded for funds loaded in Australian dollars – which continue to earn 0.5 Qantas Points per dollar spent – or for users who load funds before registering for the deal via the Qantas Cash website.

Also read: Qantas Cash travel money card – what you need to know

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Chris Chamberlin

Chris Chamberlin is the Associate Editor of Executive Traveller, and lives by the motto that a journey of a thousand miles begins not just with a single step, but also a strong latte, a theatre ticket, and later in the day, a good gin and tonic.

15 Jun 2014

Total posts 9

Too bad the exchange rate is terrible. Current Canada Dollar FX is $0.9619 and the Qantas Cash rate is $0.9072

10 Nov 2014

Total posts 7

Spot on, always cheaper to take AUSD overseas and sell it to a local bank for the best exchange rate. 

22 May 2015

Total posts 1

Not a good deal for people purely want to earn more points.

The FX rate with Qantas Cash is really bad, compare to HSBC or Citi (Cash FX rate).

Not worth it.

Qantas - Qantas Frequent Flyer

23 May 2014

Total posts 3

It appears Qantas is charging a >5% margin on the Mastercard excahnge rate. Bit of a rip off when banks usually charge 3%. In effect you are just buying your points at $25 per 1000 points which is on par with the value you get through redemption for business award flights. May as well earn through your rewards credit card instead.

Qantas - Qantas Frequent Flyer

11 Apr 2014

Total posts 25

Chris,

Are you for real? This deal in DOA!

And who needs these QF points anyway? It is cheaper to use Avios for domestic business travel and AAsvantage miles for international premium awards. I know awards' availability is  spotty with QF but please don't fool people not buying into this promo.


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