Qantas ramping up for new Qantas Cash travel money card

By David Flynn, April 23 2013

Qantas has started to crank the marketing machine for its new Qantas Cash travel money card, ahead of the card's planned Q3 launch.

The airline is now sending emails to selected members of its frequent flyer scheme inviting them to 'jump to the front of the queue' and be among the first travellers packing the shiny new multi-currency plastic.

The move follows last week's identical kick-off campaign by Virgin Australia for its competing Global Wallet.

Both Qantas and Virgin Australia intend to bake the prepaid travel cash functionality  into new-look frequent flyer cards, which can then be used to make purchases and ATM withdrawals both in Australia and overseas (earning an as-yet undisclosed number of frequent flyer points in the process).

Each card can store up to nine currencies in separate 'virtual wallets' – these will include the usual suspects such as US dollars, UK pounds and Euros, plus we'd tip NZ, SIngapore and Hong Kong dollars.

Qantas has allied itself with MasterCard while Virgin is working with Visa.

Keep up to date on the latest news for business travellers and frequent flyers: follow @AusBT on Twitter!

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.

Qantas - Qantas Frequent Flyer

07 May 2012

Total posts 371

Received the email today, and very quick to accept.  Just wish it would be in time for my trip to USA and Canada in mid July. Does not look like it though.

10 Mar 2011

Total posts 531

Also got the email today so have registered and look forward to giving it a go.

Qantas - Qantas Frequent Flyer

23 Mar 2012

Total posts 210

ditto

Qantas - Qantas Frequent Flyer

23 Apr 2013

Total posts 16

Just wondering what level of memebership you guys are? Im gold but havent recieved anything as yet?!!

Qantas - Qantas Frequent Flyer

23 Mar 2012

Total posts 210

I am currently P1

Qantas

22 Oct 2012

Total posts 263

Silver

Qantas - Qantas Frequent Flyer

07 May 2012

Total posts 371

I'm a platinum QFF.

08 Feb 2012

Total posts 9

My wife and I are both only bronze QFF and we both received the email this afternoon! Dont know if it would make any differance but wife and I have had three flights in the last six weeks though the flights were on Jetstar with the starter pack.

Qantas - Qantas Frequent Flyer

23 Apr 2013

Total posts 16

i fly international and domestic soely with QF anywhere between 4-8 times a year....would be very disappointed if i didnt get an invite to this as i am super keen to use!

Qantas - Qantas Frequent Flyer

08 Nov 2011

Total posts 110

I'm plat and have yet to receive anything either.

Not feeling the love from Qantas at the moment - no double status or cash card!

Qantas - Qantas Frequent Flyer

24 Apr 2013

Total posts 1

I'm doing over 60 return flights on QFF every year and I have not had a thing through yet, lets see over the next few days.

Virgin Australia - Velocity Rewards

13 Dec 2012

Total posts 42

Received mine overnight and I am a lowly Silver with QC

Virgin Australia - Velocity Rewards

13 Dec 2012

Total posts 42

Received mine overnight and I am a lowly Silver with QC

08 Feb 2012

Total posts 9

As wife and I are only bronze and we both received our emails yesterday afternoon coud it be as simple as emails are being sent in an alphabet order as our surname bgins with B?

DGP
DGP

Qantas - Qantas Frequent Flyer

17 Jan 2012

Total posts 170

I got my email and I am also a lowly Bronze as well.  My surname starts with P.  So I gather random mail out.

22 Jul 2011

Total posts 19

Before thinking this is "for you", wait until you see what the fees and charges on this and the Virgin cards. They're likely to be similar to those for the comparable Air New Zealand card which look like they are basically a fee gouging machine:

https://www.airnewzealand.co.nz/onesmart-fees

well they are both copying Air NZ on this idea, so I wouldn't be surprised if the fees schedule are similar, and im guessing something along the lines of this.

monthly account fee. $15.00

top up/loading up fee. $5.00

currency conversion fee. 3%

overseas transaction fee. 2%

ATM withdrawals local $2.50

ATM withdrawals overseas $5

Not to mention to buy foreign currency will probably be at a lower rate. So if you went to XE and saw that $1 AUD is buying $1.05 USD, if you tried to load US currency on your card it would be $1 AUD = $0.98 USD.

Thats just my hunch.

Qantas - Qantas Frequent Flyer

23 Apr 2013

Total posts 16

thats daylight robbery if true!! will not use this card with fees like that....you would think they would make it much more compeitive, given the amount of choice around for similar options!

 

lee
lee

Qantas - Qantas Frequent Flyer

18 Feb 2013

Total posts 25

Gold and got mine overnight. Registered without hestitation of course. 

Qantas - Qantas Frequent Flyer

23 Apr 2013

Total posts 16

thats daylight robbery if true!! will not use this card with fees like that....you would think they would make it much more compeitive, given the amount of choice around for similar options!

Qantas - Qantas Frequent Flyer

23 Apr 2013

Total posts 16

glad to say i got mine over night....very happy about this, as i missed out on the Double Status Credits emails.....1 out of 2 is ok

Qantas - Qantas Frequent Flyer

19 Nov 2011

Total posts 246

Got my invite yesterday and I am only Bronze.

Qantas - Qantas Frequent Flyer

30 Dec 2012

Total posts 65

My wife got an invite to join today... but I didnt. It is most likely because she barely uses the card (only activity is through Fuel Points). Where as mine is the credit card and flights...

So I dont think its 'selected', but moreso 'random'!

19 Jan 2012

Total posts 427

Detail is required before any measured assessment can be made. On the face of it no better than any regular debit card and a great way for QF to make profit by having our cash in its pocket. 

Credit/debit cards already offer reasonable exchange rates.

The point earn could be key...

...my partner who is Platinum recieved the basic info beforr myself as Platinum One so I don't see any neee to infer exclusivity or priority in the hollow marketing emial campaign (hollow = lack of detail)

 

PS VA just launched something similar so what's the big deal?

Qantas - Platinum

18 Jan 2011

Total posts 84

I've seen a lot of these "global wallet" style cards recently - mostly pre-paid affairs.

I sort of understand the concept of buying currency at a specific time to lock in the exchange rate, and then storing that currency - but for those of us who aren't particularly interested in playing the lottery, I don't really understand what benefits this concept offers compared with simply drawing cash off your credit/visa debit card from any ATM anywhere in the world (I find the fees for doing so quite reasonable, considering the convenience).

My biggest annoyance is travelling to a country and withdrawing more cash than I end up needing, then having to bother with converting it back (and paying for it!) or just forfeiting the cash and keeping the notes on the off chance that I'll remember to take them with me if I am visiting the country again in future.

It seems logical to me to keep all your cash in the bank in your home currency, and just take small amounts when you need them from any given country.

Am I missing something? Could AusBT shed some light on other reasons why I might be enticed by a product like this? (other than, in this specific case, the possibility of earning more FF points)...?

Qantas - Qantas Frequent Flyer

03 Jul 2011

Total posts 180

Depending on which bank you have your Visa card be it credit or debit, the atm & exchange fee can be quiet high.  The benefit of locking in a currancy is the ability to purchase and use local ATMs with no exchange fee or in most cases an ATM fee.

I've used the Jetstar version of the currancy card with no problems, having the FF card attached will benefit FF members by being able to rack up FF points on purchases and maybe ATM withdrawls.  Also the added security that these cards are not attached to any of your bank accounts.

I'm all for it, one less card to carry :-)

24 Oct 2010

Total posts 2341

Low or no ATM fees is a benefit of some travel money cards; many businesses also like them because they can be treated like a 'travel expense card' with an allowance or consolidated per diem prepaid onto the card, which simplifies reporting and eliminates the hassles of reimbursement.

It also depends on how often you travel and where you travel to. I find that a multi-currency card (as both the Qantas and Virgin ones will be) is a huge convenience, although I also like to carry a wad of local cash.

Qantas - Qantas Frequent Flyer

26 Apr 2013

Total posts 1

Received the survey email over 1 month ago. And recently received the invitation to register. Can't wait to get it as my credit card is constantly compromised every trip to Asia. Hope it is launched ASAP. 

Qantas - Qantas Frequent Flyer

14 May 2013

Total posts 1

I have tried to click the "register now" link - nothing happens

28 Nov 2012

Total posts 91

Ok any idea if your status reboots for another 12 months from when the card is issued?

Qantas - Qantas Frequent Flyer

23 Apr 2013

Total posts 16

how is everyone find the QF money card....have notice that the exchange rates are pretty good so have been loading up of US, takes a while for funds to hit account though?!


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