Qantas getting into Home Loans?

By MaximillianW | Apr 30, 2018, 03:27 PM
Hi,

I completed a Red Planet Research survey today titled Money, which covered the usual topics, but then came back to Home Loans and if 250k Qantas Points for taking out a home loan would be an incentive (another offered the same points plus cash back).

Has anyone else taken the survey or heard rumors about Qantas partnering with or getting involved in home loans.
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By mviy | Apr 30, 2018, 03:28 PM
Interesting idea. If the interest rate is not competitive it would probably be bad value for money though.
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Maximillian Wolthers

By MRYJDrake | Apr 30, 2018, 03:30 PM
It is not uncommon for financial institutions and banks to offer credit cards in with Mortgage packages, often these will include an X number of points teaser to get you in. The points would likely (but not guaranteed) come with a credit card attached to a mortgage package...
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Maximillian Wolthers

By Red Cee | Apr 30, 2018, 03:49 PM
All I can say, is watch the fine print, and be careful on what you sign up for.
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Maximillian Wolthers

By John Phelan | Apr 30, 2018, 06:28 PM

This isn't new. Qantas partnered with Macquarie Bank for years with home loans. I had one for over a decade. Got 100,000 QFF points on approval and then one point per dollar on monthly repayments. No requirement for a credit card to be part of the package.


Last edited by John Phelan at Apr 30, 2018, 06.29 PM.
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By brettepi | May 01, 2018, 10:54 AM
if you miss a payment you get thrown out of the emergency exit
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By Traveller14 | May 02, 2018, 01:38 PM

This isn't new. Qantas partnered with Macquarie Bank for years with home loans. I had one for over a decade. Got 100,000 QFF points on approval and then one point per dollar on monthly repayments. No requirement for a credit card to be part of the package.


Last edited by John Phelan at Apr 30, 2018, 06.29 PM.

Did you perceive at the time that interest rate and any other features was competitive? A variable not fixed loan I assume.

Were there any restrictions that added to costs for borrowers?

That's my caution with all these third party deals - a suspicion that if we take them up we pay a fair bit more than we should, and so the benefit of in this case 100,000 FF points becomes illusory.
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