Qantas Cash travel card revises frequent flyer earning rates

By Chris Chamberlin, March 16 2017

When it comes to earning frequent flyer points on your Qantas Cash card, the Red Roo giveth and the Red Roo taketh away.

Qantas is revamping the points-per-dollar rate on its own-branded debit card which is baked into Qantas Frequent Flyer membership cards.

From July 1 2017, transactions made within Australia will see your earn rate halved from the current 0.5 Qantas Points per dollar to 0.25 Qantas Points per dollar – meaning you’ll need to spend $4 on the card to earn a solitary Qantas Point.

It's better news for travellers, however, with foreign currency payments – including those made via online shopping to overseas stores – from May 1 2017 getting a 50% boost from today's one Qantas Point for the equivalent of each Aussie dollar to 1.5 Qantas Points per Aussie dollar.

That's as high as some top-tier credit cards such as the American Express Qantas Ultimate Card.

As is already Qantas Cash policy, frequent flyer points are not awarded on any ATM cash withdrawals or ‘cash out’ transactions: only on purchases made directly with businesses via the MasterCard network.

Did you know? Compared to the new Qantas Cash earn rate in Australia, slipping a Qantas American Express Discovery Card into your wallet can yield up to four times as many points per dollar on your everyday spends at home.

There's no annual fee to pay either, so you could use it in tandem with Qantas Cash: whipping out the AMEX wherever it's accepted to maximise your frequent flyer points, and relying on the Qantas Cash card for those times where MasterCard is more welcome.

ChrisCh
ChrisCh

Chris Chamberlin

Chris Chamberlin is the Associate Editor of Executive Traveller and lives by the motto that a journey of a thousand miles begins with a single step, a great latte, a theatre ticket and a glass of wine!

fftraveltimes

fftraveltimes

02 Dec 2015

Total posts 30

wow what a shocking point earnign rate and this is coming from Qantas' own card. I use this as a back up card because the points were sufficient reward for spend but under the new rates, it isn't worth anyone's time. 

moa999

moa999

Qantas - Qantas Frequent Flyer

02 Jul 2011

Total posts 1373

The card is free - so to be expected. I suspect they lose money on people using it for AUD only

The 1.5pts for foreign doesn't really make up for the 3+% margins baked into the rates, compared to the few good no FX fee cards

stevecarteraus

stevecarteraus

Qantas - Qantas Frequent Flyer

16 Mar 2017

Total posts 1

agree, the exchange rates are very poor which in effect has you paying directly for the points. Did a few loads on the card until I did the maths.

Notso Swift

Notso Swift

Qantas - Qantas Frequent Flyer

06 Oct 2016

Total posts 100

Agree - The conversion rates are generally shocking, I would suggest more than 3% as there is a big gap to my CBA travel card, although I note they have a special on at the moment

kim

kim

Qantas - Qantas Frequent Flyer

01 May 2013

Total posts 34

Off to velocity global walet

John Odlum

John Odlum

13 Sep 2016

Total posts 56

Good for me because this is my card when I travel and shop online from overseas websites.

AT

AT

Qantas - Qantas Frequent Flyer

14 Sep 2012

Total posts 245

You're still better off using your credit card to earn points and cop the 3% with a much better exchange rate than any of these travel cards. If you don't care about points go with 28 degrees and no 3%. 

Ryan Connolly

Ryan Connolly

13 Sep 2016

Total posts 12

Only if you have a credit card, I don't and so I use this card all the time.

Vulch

Vulch

09 Jan 2016

Total posts 44

Was always a rubbish card with a terrible exchange rate.  Applied for one but have never used it once I compared the rates. 

kimshep

kimshep

Qantas - Qantas Frequent Flyer

11 Oct 2014

Total posts 476

According to QF's  Annual Report, the 'conversion' rate of QFF actually 'activating' their QFF cards to Qantas Cash has been IMHO fairly 'ordinary'. This move to slash domestic rates is guaranteed not to encourage further signups. An odd way to promote the product indeed.


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