Load foreign currency now to earn up to 50,000 bonus Qantas Points.13 Offer ends 4 June
If I am reading this right, it seems to be a sweet deal since you just need to load $20000 (max) to get 50000 Qantas points? There is no mention we need to spend the money but there might be transaction fees and losses in foreign exchange.
From the website
Here’s how it works: Earn 1 Qantas Point for every AU$1 equivalent of foreign currency you load onto your card (up to $1,000); then 3 points for every AU$1 equivalent thereafter (to a maximum of 50,000 points) on your single highest load.
— okay, from the comments it seems like a bad deal —
can you convert it back to AUD after getting the points?