Published on : Thursday, May 21, 2015
Qantas Cash is a pre-paid multi-currency payment facility built into the Qantas Frequent Flyer Card.
Head of Qantas Cash Ryan De Boer told the 20th Annual Cards and Payments Conference in Melbourne today that, on average, someone in the world is using a Qantas Cash card every 10 seconds.
Qantas Cash offers one Qantas Point for every dollar of eligible spend in foreign currency and one Qantas Point for every two dollars of eligible spend in Australian dollars.
“While there’s 11 different currencies that can be loaded onto the facility, the card can actually be used around the world where MasterCard is accepted and we’re seeing a trend to indicate that’s what’s happening,” Mr De Boer said.
“In a relatively short amount of time, Qantas Cash has been a great success – Australians have loaded close to one billion dollars onto Qantas Cash collectively since launch, which I think demonstrates the appeal of the Qantas Cash’s convenience combined with the opportunity to boost your Qantas Points balance for spending money that you were going to spend anyway.”
Mr De Boer said with the northern hemisphere summer season kicking off, this time of year is traditionally a busy time for Qantas Cash usage as Australians prepare to head overseas.
“Qantas Cash gives Frequent Flyers an easy way to boost their points balance and reach rewards, like flights and flight upgrades, sooner simply by using it while travelling or even making everyday purchases at home.
“Pre-paid travel cards really are handy when heading overseas because you don’t have to carry cash, but can access cash at ATMs around the globe. Plus you can lock-in exchange rates before you travel so it gives more certainty to your holiday budgeting, and with Qantas Cash, there are no load, inactivity or monthly fees.”
Qantas Cash is currently offering up to 10,000 bonus Qantas Points when loading foreign currency by 30 June 2015.
Earn one Qantas Point for every $1 of eligible spend in foreign currency
Earn one Qantas Point for every $2 of eligible spend in Australian dollars
No load fees
No currency conversation fees when you make a purchase or ATM withdrawal with funds in the local currency on your card
No monthly account fees on active accounts
No Australian domestic ATM fees charged by Qantas
Lock in exchange rates on up to 11 currencies
Q-chip enabled for Smarter, Faster Check-in at domestic and trans-Tasman airports
Full terms and conditions, including applicable fees, can be viewed at www.qantascash.com
Load foreign currency in one transaction by 30 June 2015 to earn bonus points (on top of the points earn when spending money off the Qantas Cash card):
· Minimum AU$5,000 (equivalent in foreign currency) = 10,000 bonus Qantas Points
· Minimum AU$2,500 (equivalent in foreign currency) = 5,000 bonus Qantas Points
· Minimum AU$1,000 (equivalent in foreign currency) = 2,000 bonus Qantas Points