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Up to 10,000 Qantas Points When You Load 1-5k in Foreign Currency

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Up to 10,000 Qantas Points When You Load 1-5k in Foreign Currency
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zackary on 13/05/2015 - 15:52 qantascash.com (274 clicks)
Last edited 13/05/2015 - 16:21

EARN UP TO 10,000 BONUS QANTAS POINTS
Simply load foreign currency in one transaction by 30 June 2015 to earn bonus points.

Load amount (equivalent in foreign currency)
Minimum AU$1,000 —> 2,000 points
Minimum AU$2,500 —> 5,000 points
Minimum AU$5,000 —> 10,000 points

To be eligible to receive the bonus Qantas Points, register by entering your Qantas Frequent Flyer membership details at qantascash.com/points or by clicking on the registration button within the email promoting the offer. You must then load a minimum of AU$1,000 equivalent directly in foreign currency in one transaction by 30 June 2015 to receive 2,000 bonus Qantas Points, or AU$2,500 to receive 5,000 bonus Qantas Points, or AU$5,000 to receive 10,000 bonus Qantas Points. The bonus points will be credited to your account 6 to 8 weeks after the offer has closed. This bonus points offer is limited to one offer per person. Not to be used in conjunction with any other promotion. Offer may be extended.

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closed Comments

  • illumination on 13/05/2015 - 16:01
    -1

    Maybe it's time to load USD, wait until Government hits their $0.60 USD target and load back into AUD?

    • enveloped on 23/05/2015 - 09:08

      I didn't calculate but expect conversion friction loss greater.

  • RideCurbs on 13/05/2015 - 16:03
    +8

    Have you seen their exchange rates?
    Speculation/Guesstimates explanation: If I transferred $5000 to another currency, I would lose ~$200 compared to some of the better currency exchange places where I could get the same amount of currency for AUD$4800. Making these 10,000 points cost you similar to what they are worth. Qantas cash is for the lazy and not so travel savvy.

    • Lukian on 13/05/2015 - 16:15
      +2

      About 4.7% more expensive conversion (THB as test currency vs two days old mastercard/28degrees/bankwest-zero rate, today's rate in Google in even higher). Which as you said is about $235 (plus ATM withdrawal fees).

      At that rate you are better off using almost ANY debit card with a ~3% forex fee..

  • uccoffee on 13/05/2015 - 16:13
    +1

    10000 points worth ~$100 , so that's around 2% of $5k .
    can we make money by transfer in and out?

    • IanC on 13/05/2015 - 16:16

      doubt if the ordinary punter will achieve 2% on the spend …more like 0.5….dodgy deal to me… down $175 on the deal.

    • Lukian on 13/05/2015 - 16:17

      Someone could, if they were lucky or very good at forex market analytics, at a 4.7% markup and 3% currency conversion fee, it's unlikely.

      • uccoffee on 13/05/2015 - 16:41
        +1

        oh 3% fee, cant even break even then , rather use a amex and get 2+% points if lazy

  • Choc0 on 13/05/2015 - 16:44

    I crunched the numbers and it's crap. It's about 10,000 points for $200, when you could get 40000 points for nothing on a new credit card with nowhere near as much effort.

  • Hollandia on 13/05/2015 - 16:52

    Out of interest, what's the best foreign currency / travel money card around? I've been using Travelex for a long while but it's mostly out of habit; I have no idea what the alternatives are like.

    • suchis on 13/05/2015 - 17:36

      Doing research at the moment taking from UK to Oz. canfx seems to be beating all others. Just got to check fees.

  • leiiv on 13/05/2015 - 17:03

    Their exchange rate is crazy.. As of now, 1 AUD gets you 0.75 USD. But if you convert back that 0.75 USD, you will only get 0.89 AUD. It is 0.7515/0.8393 buy/sell spread, almost 10 cents difference! You need to wait until the AUD drops to 0.6 before you can profit from this..

  • justtoreply on 13/05/2015 - 17:06

    Due to the crap spend for points, I think this is a non deal.

    Refraining from negging, but I really really want to.

  • enveloped on 23/05/2015 - 09:24

    I assume everyone has checked that either BPAY/Australian Bank Transfer can do only AUD, or that Qantash Cash can only accept incoming transfer in AUD despite it has slots for other currencies. Because otherwise people would convert their currency in other banks, BPAY/Transfer into their Qantas and count towards loading foreign currency?

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