- Qantas Aquire rebranded as Qantas Business Rewards
- ‘Pending points’ limit scrapped, all ‘pending points’ now become Qantas Points
- Three membership tiers based on how many points you earn
Qantas has rebooted its Aquire program as the Qantas Business Rewards scheme in an effort to snare a larger part of Australia's small-to-medium enterprise market.
The airline has dropped the Aquire brand, introduced in March 2014 to allow any business with an ABN to earn frequent flyer points, and stripped away the original scheme's unwelcome complexities.
Aquire Points replaced by Qantas Points
This includes removing the confusing concept of ‘pending points’: businesses can now use every point they earn as soon as they earn it, rather than having to rack up 20,000 Aquire Points before they can be converted into Qantas Points.
Qantas Points have also replaced Aquire Points as the 'currency' of the relaunched program, although these will sit in your Qantas Business Rewards account rather than your Qantas Frequent Flyer account until you transfer them to the frequent flyer scheme (to spend on flights, upgrades or merchandise from the Qantas Store).
Aquire members will be automatically transitioned to the new scheme, with all points retained and any ‘pending points’ unlocked for the business to spend.
For instance, a business sitting on 5,000 usable Aquire Points and 7,500 pending Aquire Points would find 12,500 Qantas Points sitting in their Qantas Business Rewards account, ready to transfer to personal frequent flyer accounts as desired.
(Transfers remain at a 1:1 basis, much like family transfers made between individual Qantas Frequent Flyer members, with a minimum of 3,000 Qantas Points able to be transferred from Qantas Business Rewards in any one transaction.)
The requirement for each business to have at least two travellers has also been axed: a boon for sole traders such as consultants who don't have employees.
In addition, Qantas Business Rewards members receive 10% off their Qantas Club membership costs – including one-off joining fees and renewals by existing cardholders – and can save up to 8% on the cost of Qantas flights.
Earn points at the petrol pump
As before, businesses can also earn points on the ground from an array of Qantas Business Rewards partners.
A new member to the lineup is Caltex, with owners of a StarCard able to collect up to one Qantas Point per litre of fuel as well as for in-store shopping.
Qantas Business Rewards membership tiers
The new Qantas Business Rewards scheme has three membership levels based on how many points your business earns from flying during your 12-month membership year.
Those levels determine the rate at which points can be earned as well as the discount offered on Qantas flight bookings, and are based on how many Qantas Points the business has earned on flights via Qantas Business Rewards.
Level 1: businesses that accrue less than 20,000 Qantas Points in their Qantas Business Rewards account from flying in a membership year.
Those points will be earned at 20% of the Qantas Points that a Bronze-level Qantas Frequent Flyer member would collect on a flight.
For example, an employee flying from Sydney to Melbourne on a Qantas Red eDeal economy fare would earn 800 Qantas Points for themselves plus 160 Qantas Points for the company's Qantas Business Rewards account.
This is a drop from the minimum 30% earn under Aquire, which yielded around 240 points on that same trip – and given how many business travellers shuttle between Sydney and Melbourne on the cheapest Qantas economy fares, that shortfall will mount up.
The upside, however, is that points earned under Qantas Business Rewards are immediately available rather than being 'pending' until you reach the 20,000 Aquire Points threshold.
Level 1 members can also save 5% on a selection of domestic and international airfares when booking their travel at least seven days in advance.
Level 2: businesses earning at least 20,000 Qantas Points each year from flying progress to Level 2 in Qantas Business Rewards.
This sees their share of 'business points' increase to 30% of a traveller’s usual haul – so on the same Sydney-Melbourne hop as above, a Level 2 business would pick up 240 Qantas Points instead of 160 Qantas Points.
Fare discounts are boosted to 7% on the same fare types with the same seven-day advance booking requirement.
Level 3: hit 100,000 Qantas Points earned from flights in a single membership year and a business is bumped up to Level 3.
This is the top tier of Qantas Business Rewards, attracting a 40% serve of the Qantas Points earned by an individual when flying.
An 8% discount is available on most flights right up until the day of departure, with no advance booking requirements. There's also a 2% saving on on the least expensive Qantas fares (these are fare types which are not discounted at all for Level 1 and Level 2 companies).
Qantas Business Rewards fare discounts
Discounts aren’t available on every single fare (such as business class ‘I’ tickets) but apply to the following fares at the following rates:
Qantas lists some 126,000 Aquire memberships out of Australia's two million ABN-bearing businesses but is setting its sights much higher for the revamped Qantas Business Rewards scheme and has suspended the $89.50 joining fee throughout February to encourage new sign-ups.
For more on the new Qantas Business Rewards scheme, visit qantasbusinessrewards.com.