Hi I have a westpac Mastercard and an Amex that came with it when I signed up. I got a bunch of qantas points at the start and have generated a lot over a couple of years.
I dont really need them right now and we arent flying much at all at moment.
I went to cancel the cards and I was warned that I could lose the qantas points that were generated via these cards.
How do I avoid this? I don't want to pay the annual fees for these cards any more but I want to keep the points for a rainy day.
Thanks for any advice
Typically, the Qantas points are attached your personal Qantas account. If you didn't have one already, a new Qantas account should have been created when you joined up with the cards. The Qantas account and credit cards are separate, so stopping your credit card should not affect your long-term accrued points.
Any points within the month/cycle of the credit card may be lost though, but unlikely to be much when compared to potentially years.
I cycle credit cards often, all of which are Qantas points rewards.