Home loans with a free Qantas Frequent Flyer credit card

Rates and Fees verified correct on December 8th, 2016

frequent-flyerGet the annual fee waived for your Qantas Frequent Flyer credit card when you opt for a packaged home loan.

There's nothing better than getting more value out your spending and home loans with a free Qantas Frequent Flyer credit card can help you do just that. When you make an eligible purchase on your credit card, you earn Qantas points. These points can be redeemed for a huge range of rewards, such as flights and upgrades, items from the Qantas store, Qantas hotels, Qantas epiQure and travel insurance.

Compare home loan packages with a free Qantas credit card

Rates last updated December 8th, 2016
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Interest Rate (p.a.) Comp Rate^ (p.a.) Application Fee Ongoing Fees Max LVR Monthly Payment
NAB Choice Package Home Loan - 3 Year Fixed (Owner Occupier)
No annual card fee on the NAB Qantas Rewards card or NAB Qantas Rewards Premium card.
3.89% 4.84% $0 $395 p.a. 95% Go to site More info
NAB Choice Package Variable Rate - $250k to $749,999 P&I (Owner Occupier)
Pay one annual package fee that includes a NAB Qantas Rewards credit card or NAB Qantas Rewards Premium credit card.
4.40% 4.79% $0 $395 p.a. 95% Go to site More info
ANZ Breakfree Home Loan Package  - $250,000 to $699,999 (Owner Occupier)
Annual account fee waived on the ANZ Frequent Flyer Platinum.
4.65% 4.75% $0 $395 p.a. 95% More info
Bank of Melbourne Advantage Package Home Loan - $500K - $749,999K (Special Discount) (Owner Occupier, P&I)
With the Amplify Rewards or Amplify Qantas credit cards included in the Advantage package earn points for later.
4.42% 4.82% $0 $395 p.a. 95% More info
Westpac Low doc Self Employed Home loan - Premier Advantage Package (Rocket Repay $250,000 to $499,999)
Self-Employed borrowers can package their loan and include a Westpac Altitude credit card with Qantas Rewards.
4.49% 4.89% $355 $395 p.a. 82% More info
St.George Advantage Package Home Loan - $250k to $499k (Special Discount Owner Occupier, P&I)
Save on your interest rate as well as getting an Amplify Qantas credit card with the Advantage Package Home Loan.
4.50% 4.90% $0 $395 p.a. 95% More info
BankSA Advantage Package Home Loan - $500,000 to $749,999 (Owner Occupier, P&I)
Choose the Amplify Rewards or Amplify Qantas credit card with the Advantage Package Home Loan.
4.59% 4.99% $0 $395 p.a. 90% More info
St.George Fixed Rate Advantage Package -  2 Year Fixed Rate (Owner Occupier)
A discounted package rate for owner occupiers with the ability to package a Qantas rewards earning Amplify credit card. $1,500 cash back available for refinancers, conditions apply.
3.99% 5.07% $0 $395 p.a. 95% More info
Westpac Premier Advantage Package Variable Home Loan - Rocket Repay ($250,000 to $499,999, P&I)
Pay no annual fee on any of Westpac's Altitude credit cards with Qantas rewards under the Premier Advantage Package.
4.49% 4.87% $0 $395 p.a. 95% More info
Bank of Melbourne Advantage Package Home Loan - 5 Year Fixed (Owner Occupier)
Fixed your home loan for 5 years and package to get a Amplify Rewards or Amplify Qantas credit card.
4.39% 5.00% $0 $395 p.a. 95% More info
ANZ Breakfree Package Home Loan - 3 Year Fixed (Owner Occupier)
Package the ANZ Fixed Home Loan with the Breakfree Package as well as one of their ANZ Frequent Flyer credit cards.
3.85% 4.59% $0 $395 p.a. 95% More info
Westpac Fixed Options Home Loan Premier Advantage Package - 3 Years
Premier Advantage Package allows you to choose Altitude Qantas or Altitude Qantas Black with no annual fee for the life of your package.
4.09% 4.94% $0 $395 p.a. 95% More info
BankSA Advantage Package Home Loan - 2 Year Fixed (Owner Occupier)
Advantage Package with a 2 year fixed rate home loan that includes the Amplify Rewards or Amplify Qantas credit card.
3.99% 5.07% $0 $395 p.a. 95% More info
St.George Portfolio Home Loan With Advantage Package - $250K to $499K (Special Discount)
Pay no application fee and have your annual fee for the Amplify Qantas credit card waived with the Advantage Package.
4.84% $0 $395 p.a. 90% More info
Westpac Premier Advantage Package Variable Home Loan - Equity Access ($250,000 to $499,999)
Access your equity and package with a Westpac Altitude credit card with Qantas rewards.
4.85% $0 $395 p.a. 95% More info
Bank of Melbourne Portfolio Home Loan with Advantage Package - Variable ($500,000 - $749,999)
A line of credit package home loan that includes the Amplify Qantas credit card.
4.86% $0 $395 p.a. 90% More info
BankSA Portfolio Home Loan With Advantage Package - $250K -$499,999 (Special Discount)
Package your line of credit home loan to get the added bonus of a Amplify Rewards or Amplify Qantas credit card.
4.83% $0 $395 p.a. 95% More info
Did you know?

You can earn Qantas Points just for having and paying off your home loan. Check our article on frequent flyer home loans to learn more about these new, innovative products.

How do these loans work?

When you opt for a home loan package, which bundles all of your financial products with the one lender, you tend to get a selection of credit cards that you can have the annual fee waived. This is an incentive to you, the borrower, from the lender as they're trying to convince you to sign up for more of their products. This isn't necessarily a bad thing - if you're comfortable with switching your accounts over to the bank, the savings you could receive may outweigh the effort of swapping.

How does a package home loan benefit me?

If you opt for a package home loan where you typically get a credit card, insurance policy and transaction account along with your mortgage, you may be eligible for a range of perks including:

  • The annual fee for your credit card waived
  • Discounts off your insurance policy
  • The monthly fee for your transaction account waived
  • A discount off your home loan interest rate

Having all your products bundled with the one bank could be convenient because you can manage all your finances in one place, so there's no need to transfer funds back and forth from one bank to another.

In order to get the full benefit for a package home loan, you'll need to have the loan for at least a medium term. This way your savings accumulate overtime while you reap the benefits of a no annual fee Qantas credit card.

Are packaged home loans worth it?

When it comes to packaged home loans, your lender will tell you about all the benefits that you get like the fee waivers and discounts - but they might not mention the high annual fee that you'd need to pay. In most cases this fee is more than a few hundred dollars and could offset any savings you may have.

A home loan on its own will typically be cheaper in terms of the annual fee. You'll need to think about your personal and financial situation along with how much you spend, to see if the rewards you receive is worth the high annual fee.

What other credit card options do I have?

Lenders tend to offer their full range of credit cards to link to your packaged home loan. These can range from low rate cards, to balance transfer cards to other reward cards. If you're not a regular flyer with Qantas, there are other options available too. Many lenders offer cards linked to Velocity or their own award points system which gives you access to a wider range of rewards, such as cashback and shopping vouchers.

You'll find that you can also redeem these points for more airlines, such a Singapore Airlines, New Zealand Air and Cathay Pacific.

Shirley Liu

Shirley is finder.com.au's publisher for banking and investments. She is currently studying a Masters in Commerce (Finance) and is the author of hundreds of articles. She is passionate about helping Aussies make an informed decision, save money and find the best deal for their needs.

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