finder Rewards Roundup: Qantas and Virgin
How to earn more points with Australia’s favourite frequent flyer programs.
In this week's Rewards Roundup, find out how you can maximise your Qantas Points when shopping overseas or booking your next hotel stay. Plus, Velocity lovers can look forward to two different ways to double the points you can earn on holiday packages and home loans.
Qantas Cash changes its earn rates
Depending on how you use your card, frequent flyers are about to earn a whole lot more or a whole lot less points with the Qantas Cash card. Earlier this week, we reported that the Qantas Cash card earn rates will be undergoing a revamp later this year. However, whether this is a good or bad thing will depend on how you prefer to earn your points.
From 1 July 2017, the number of points you’ll earn on Australian purchases will drop from 0.5 Qantas Points per dollar to 0.25 Qantas Points per $1. This means you’ll have to spend at least $4 in Australian dollars to earn just 1 Qantas Point. However, you can look forward to earning more points on foreign transactions from 1 May 2017. Rather than earning 1 Qantas Point per $1, frequent flyers can now collect 1.5 points per dollar they spend overseas. This earn rate is as high as some of the top tier Qantas Frequent Flyer credit cards on the market.
So, while you will lose out on domestic purchases, you can now maximise the number of points you can earn when making foreign transactions online or on your next overseas holiday.
Qantas launches Classic Hotel Rewards
This week, Qantas introduced a new way for frequent flyers to get more value from their Qantas Points with the launch of Classic Hotel Rewards. Similar to Classic Flight Rewards, Classic Hotel Rewards offers frequent flyers exclusive discounts and deals when they use their points to book accommodation through Qantas hotels.
The program has launched with over 180 hotels and resorts in Australia, allowing frequent flyers to save with partnered hotels such as Adina Serviced Apartments, Grand Hyatt and Travelodge to name a few.
Double your Velocity Points with Virgin Australia Holidays
You have twice as many reasons to book your next holiday thanks to Virgin Australia’s latest offer. If you book your next holiday package through Virgin Australia Holidays, you’ll collect double Velocity Points per $1 you spend. Whether you want to spend a weekend in the Blue Mountains, take a family holiday to the Gold Coast or relax on the beaches of Fiji, there are plenty of destinations to choose from. Plus, Virgin Australia Holiday packages come with return airfares, accommodation and checked baggage. So, not only can give your points balance a boost, you’ll also avoid some of the stress that comes with planning your next holiday with this reward points deal.
Collect twice as many Velocity Points with a Virgin Money home loan
Want to reward yourself for taking out a home loan? Virgin Money’s latest offer will do just that. If you’re a new customer and you apply for a Virgin Money Reward Me Home Loan by 14 June 2017 and settle by 15 September 2017, you’ll collect 20,000 Velocity Points for every $100,000 drawn at settlement. Let’s say you borrow $500,000. You’ll end up with 100,000 Velocity Points after settlement. That’s more than enough points for a return flight from Sydney to LA! The Reward Me Home Loan also rewards customers with 1,000 points per month for each loan account, plus a bonus 30,000 bonus Velocity Points every three years.
If you’ve compared your options and decided to go with a Virgin Money home loan, this is an easy way to reward yourself for a necessary purchase.
finder Rewards Roundup lists and compares the best* credit card, airline and frequent flyer reward offers of the week. Check back every Friday for the latest rewards deals and to find out how you can get more out of your points this week.
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