Qantas Cash travel card revises frequent flyer earning rates

Qantas Cash travel card revises frequent flyer earning rates

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.

Chris Chamberlin
Chris Chamberlin is a senior journalist with Australian Business 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!
 

10 comments

  • fftraveltimes

    fftraveltimes

    16 Mar, 2017 01:15 pm

    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. 
    No member give thanks

  • moa999

    moa999

    16 Mar, 2017 02:12 pm

    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
    No member give thanks

  • Steve Carter

    stevecarteraus

    16 Mar, 2017 03:08 pm

    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.
    No member give thanks

  • Blair Coull

    Notso Swift

    16 Mar, 2017 05:54 pm

    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
    No member give thanks

  • kim

    kim

    16 Mar, 2017 03:17 pm

    Off to velocity global walet
    No member give thanks

  • John Odlum

    John Odlum

    16 Mar, 2017 07:44 pm

    Good for me because this is my card when I travel and shop online from overseas websites.
    No member give thanks

  • Adam T

    AT

    16 Mar, 2017 07:45 pm

    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%. 
    No member give thanks

  • Ryan Connolly

    Ryan Connolly

    17 Mar, 2017 02:50 pm

    Only if you have a credit card, I don't and so I use this card all the time.
    No member give thanks

  • V Champion

    Vulch

    17 Mar, 2017 06:33 pm

    Was always a rubbish card with a terrible exchange rate.  Applied for one but have never used it once I compared the rates. 
    No member give thanks

  • kimshep

    kimshep

    18 Mar, 2017 09:35 am

    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.

    No member give thanks

Guest

19 Jun, 2019 03:43 pm

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