Money Hack: How to earn bonus points on your Qantas flight
Collect more points on your Qantas flight and avoid paying your card off until you come back from your holiday.
The Qantas Premier credit card is designed to suit Qantas Frequent Flyers. The card offers 60,000 bonus points when you meet the eligibility requirements, as well as Qantas Points on eligible purchases and a host of additional perks including two lounge invitations per year, complimentary travel insurance and a concierge service.
As well as all of this, a particular combination of the card’s extra features could help you earn more rewards and save on your next flight.
The hack
If you use the Qantas Premier Mastercard to book your next Qantas flight, you could earn Qantas Points, collect 60,000 bonus points and avoid interest when paying it off. Let us explain how.
This card has a tiered earn rate system, meaning you’ll earn a different number of points depending on the transaction. You can earn the highest earn rate of 2 Qantas Points per $1 spent when you use the card for eligible Qantas purchases such as booking a Qantas flight. This is double the rate that you’d earn points on other domestic eligible purchases (which is 1 point per $1 spent up to $10,000 per statement period and 0.5 Qantas Points per $1 thereafter). Also, if you apply for the card by 31 October 2017 and spend $3,000 in the first 90 days, you’ll collect 60,000 bonus Qantas Points.
Book a Qantas flight in these first three months and you could be earning 2 points per $1 spent on that flight plus 60,000 bonus points if the cost of the flight (as well as other purchases you make in the first three months) pushes you past the spend threshold. That’s enough points for an economy flight from Sydney to Paris, which you could put away for your next holiday. Plus, if you use the card during your overseas holiday, you can also earn 1.5 Qantas Points per AUD$1 spent on eligible international purchases.
Using a frequent flyer credit card is usually only worth the rewards if you can pay off your balance in full by the end of the statement period. However, the Qantas Premier card offers 0% interest for six months on your first Qantas spend. This means that you could delay paying off the cost of the flight until you return from your holiday, while still avoiding interest.
This card has an annual fee of $149 p.a. for the first year ($299 p.a. thereafter) and a standard purchase rate of 19.99% p.a., so you should make sure the costs don’t outweigh the benefits before you apply.
And there you have it. An easy way to maximise your points, earn bonus points to put towards your next holiday and save on interest costs. You can check out our review of the Qantas Premier credit card for more details on the fees and features of the card.
Finder Money Hacks is a bi-weekly round-up of the latest tips and tricks to help you improve your finances. Check back every Wednesday and Saturday for new hacks.
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