This was posted 6 years 3 months 17 days ago, and might be an out-dated deal.

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Two Complimentary Qantas Lounge Invitations When You Load AU $5,000 or More in Foreign Currency onto Qantas Travel Money

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Two Complimentary Qantas Lounge Invitations When You Load AU $5,000 or More in Foreign Currency onto Qantas Travel Money
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spychiatrist on 09/08/2018 - 12:27 myaccount.qantascash.com (69 clicks)
Last edited 09/08/2018 - 12:30

Seems like a good offer

  • To be eligible to receive two Complimentary Lounge Invitations, register then load a minimum of AU$5,000 equivalent directly in foreign currency in one transaction between 7 and 16 August 2018. The offer is not available for currency to currency or card to card transfers. The Complimentary Lounge Invitations will be assigned to your account within six weeks of the offer closing. This offer is limited to two invitations per person. Not to be used in conjunction with any other promotion. Offer may be extended or withdrawn at any time. Complimentary Invitations to access an Eligible Lounge are issued at Qantas' absolute and sole discretion. qantas.com/freeloungeinvite is the Complimentary Invitations Portal where Complimentary Invitations may be viewed and linked to an Eligible Flight. Members can access a domestic Qantas Club or Qantas operated International Business Lounge when travelling onward that day on a Qantas (QF) or Jetstar (JQ, 3K, GK, BL) flight number Lounge Access is subject to the Terms and Conditions of that lounge. Lounge Access is subject to space availability and Eligible Customers may be refused entry if the lounge is full. Smart, casual dress standards apply. See full Terms and Conditions of Complimentary Lounge Invitations.

^ Eligible purchases do not include money orders, traveller’s cheques, gambling chips, adult entertainment, purchasing foreign currencies in cash or the making of payment(s) towards any credit cards, loans or other financial debt that is not incurred with respect to goods and services. You do not earn Qantas Points when loading funds to your facility, transferring funds to another currency balance or another member’s facility, when withdrawing funds from ATMs, cashing out your facility balance or for over the counter withdrawals. Purchases that are reversed, refunded or charged-back will not earn points, in addition to fees incurred.

~Exchange rates for initial loads and subsequent reloads made using Bank Transfer or BPAY via qantastravelmoney.com will be set at the prevailing exchange rate set out at qantastravelmoney.com at the time you request the load provided you settle the transaction within four hours. Different exchange rates apply for loads initiated directly via Bank Transfer or BPAY using your Unique Payment Details (i.e. not via qantastravelmoney.com). For more information on how exchange rates are set and applied, see the PDS.

† Other fees and charges may apply.

Travel Furniture Lounge Qantas

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closed Comments

  • stockpimp on 09/08/2018 - 12:36

    Load AUD into USD
    Wait for AUD to drop
    Load back to AUD
    Profit?? Plus 2 Lounge invitations.

    • Turd on 09/08/2018 - 12:41
      +1

      Rates are already low

  • [Deactivated] on 09/08/2018 - 12:38
    +12

    Qantas cash AUD > USD
    $1 > $0.70

    Fee free debit card AUD > USD
    $1 > $0.743

    Fee free debit card + 3% fee AUD > USD
    $1 > $0.721

    There's basically a ~5%+ fee built into Qantas exchange rates… Total cost is $250+ if you use it in the currency exchanged to. Lounge entry $59 at most.

    TL;DR:
    Minimum cost is around $250 due to crappy exchange rates. Closer to $500+ if you plan on exchanging it back to AUD.

    • rjb on 09/08/2018 - 12:44

      May I ask, which Fee Free Debit card are you using for comparison, Thanks.

      • adspiv78 on 09/08/2018 - 12:49
        +2

        ING Orange Everyday gives VISA wholesale rates

      • [Deactivated] on 09/08/2018 - 12:51

        MasterCard rates as of recent purchase. Can't find them online but it's usually just below Google.

        Visa rates aren't as good, see here. Currently 0.7381.

        Edit: found the MasterCard converter, rate is currently meant to be closer to $0.7383. Basically Visa is exactly 5% over Qantas and MasterCard is slightly more than 5%.

        Edit: Decided to to the math properly, seems it's a 4% fee over MasterCard/Visa rates. Basically it's $200 for 2 lounge passes, possibly closer to $1,000 if you try to convert back to AUD.

  • Jac10 on 09/08/2018 - 12:50

    Are there any good fee free debit cards?

  • thirtysixd on 09/08/2018 - 12:54
    +1

    For anyone that does the maths

    These cards are extremely expensive

  • sol95 on 09/08/2018 - 12:55
    +2

    unless you like wasting money, in which case you don't belong on this site, why would you ever do this?!!!
    just pay for lounge entry, and change your money elsewhere with better rates

    • [Deactivated] on 09/08/2018 - 12:59
      +1

      Some don't quite understand the fee is added into the exchange rate - it's not actually *fee free**, just a rookie mistake.

  • enzioFirenze on 09/08/2018 - 13:08

    as pointed out by others, this will end up been much more expensive than two lounge invitations!

    • [Deactivated] on 09/08/2018 - 13:14

      What are two lounge invitations worth? $5000 deposit seems a lot of money.

      • [Deactivated] on 09/08/2018 - 23:23

        $35-50 on forums depending how many you're buying, etc. Two is usually $70-80 for both.

        $5,000 deposit isn't the issue, the exchange rate is. The $5,000 becomes around $3,550, which is just under $4,800 AUD worth. Realistically you'll get probably $4,500-4,600 for it if converting it back to AUD again…

        TL;DR:
        You'll be paying $200-500+ in fees for two lounge passes worth <$80 total.

  • LuckPlus on 09/08/2018 - 19:02

    Qantas lounge passes sell on ebay for about $50 each.
    Cannot use in LAX😣

  • spychiatrist on 13/08/2018 - 11:07

    Seems like a bad offer

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