Three quick tips for using your Qantas Cash card

Three quick tips for using your Qantas Cash card

An increasing number of Qantas Frequent Flyers are now carrying the Qantas Cash card in their wallet or purse, but how many people are making the most of it?

The card's main claim to fame is as a prepaid travel money card which stores up to 10 foreign currencies, but it can also be used in Australia and also earns a smattering of Qantas Points.

Here are three quick tips for getting the most from your Qantas Cash card.

(These same tips apply to Virgin Australia's Velocity Global Wallet card, too.)

1. Earn points on an everyday basis

If you don't have a credit card, the Qantas Cash card is an easy way to pick up Qantas Points for purchases in Australia, overseas and even online.

You'll earn one Qantas Point for every $2 spent on the card locally, and one Qantas Point per A$1 dollar spent overseas (or on an international online shopping site which charges in foreign currency).

Get into the habit of using your Qantas cash card for those day-to-day spends – that morning coffee & muffin, quick take-away lunch, buying a magazine to read or renting a DVD to watch.

(Note that for spends under $10 you're better off with the Bankwest Qantas Card, which earns five Qantas Points per transaction. A $5 purchase will earn you five points if you wave your Bankwest card but only 2.5 points using Qantas Cash. For spends of $10 or more, the Qantas Card comes out ahead.)

Also read: Earning daily Qantas Frequent Flyer points without a credit card

2. Keep your account topped up

Because you'll be using your Qantas Cash card everyday you'll want to keep a goodly chunk of Aussie dollars loaded onto it.

Set up an automated transfer from your bank account onto your card using BPay. Run it weekly or based on your salary payment cycle.

Then grab the free Qantas Cash app for your Apple iPhone or Android smartphone to keep an eye on your balance.

Even if you don't use the Qantas Cash card in Australia, this makes for a very good holiday savings plan. Deposit $100 each week onto the card and you'll end up with close to $5,000 set aside for your end of year overseas trip.

3. Buy overseas currency at top rates

Another reason to keep the card's balance topped up is to take instant advantage of strong currency exchange rates.

If the Aussie dollar makes a sharp rise against the US greenback you can transfer money right away from your Qantas Cash card's Australian balance to the US 'virtual wallet' well ahead of an overseas trip.

Of course, you run the risk that the exchange rate may rise even further.

But if you make regular trips to a number of specific countries it makes sense to build your foreign currency balance when the time is right, one transaction at a time, rather than wait until your trip is close by and discover the Aussie dollar has slumped down again.

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David Flynn
David Flynn is the editor of Australian Business Traveller and a bit of a travel tragic with a weakness for good coffee, shopping and lychee martinis.
 

9 comments

  • Peter Loh

    PeterLoh

    15 May, 2014 11:05 am

    Tip #4: Use it when booking a Qantas flight less than a week out from departure... you won't be charged the credit card fee!

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  • Ronald Navarro

    ronaldo93

    15 May, 2014 11:16 am

    Can you withdraw funds from your card? What if I need to take cash out? Is there a loading fee/withdrawal fee?

    Was going to load this the night before my trip to New Zealand, however I was worried there might be fees. Can anyone who is currently using Qantas Cash help me out?

    Thanks! 

    Ron

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  • watson374

    watson374

    15 May, 2014 11:40 am

    You will not charged a fee by Qantas Cash, but you will more than likely be charged a fee by the ATM. (You should be able to get cash out at a supermarket just fine, though.)

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  • Al Glidden

    AlG

    15 May, 2014 11:59 am

    Ronald: you should find your questions answered at http://qantascash.com.

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  • hutch

    hutch

    15 May, 2014 01:58 pm

    Also note that it does take a few days for cash to appear on card - so I wouldn't recommend transfering the night before.

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  • Joffie

    Joffie

    21 Jul, 2014 11:40 am

    Hi Ron. Agree with Hutch; transfer your money onto the card well before your departure date.

    This card, and Virgin Global Wallet card, are ridiculously slow to load the transferred cash onto the card. Allow 5 days.  If it's a short trip, you'll be home before you have access to your funds.

     It's how the card providers make their profit.  A huge pile of cash sitting in the overnight money market earning interest before they transfer your money to your card.

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  • MissBasset

    MissBasset

    21 Nov, 2014 03:13 pm

    It was reported by a contributor here in Comments earlier this year that the price you lock your foreign currency purchase into only lasts for one day, and thereafter fluctuates with daily currency movements. If this is still the case this is not the card to use, especially for US travel.

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  • briang

    briang

    11 May, 2015 03:14 pm

    the one major currency they should have but dont is yuan. why not?  - soon to be the worlds reserve currency and themost important to australia

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  • MissBasset

    MissBasset

    11 May, 2015 03:20 pm

    I do find it handy to use locally in those (many) businneses, and utilities, who do not accept Amex. One-half point/dollar is better than nothing!

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Guest

18 Nov, 2018 11:58 pm

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