Money Hack: Earn Qantas Points for your salary

Posted: 18 March 2017 10:00 am

earning rewards

Wait... you have money sitting in a transaction account and not earning points?

Rewards points: lovely to have and relatively easy to earn. However, unless you are an avid rewards points hacker, have a rewards credit card or are a frequent traveller, chances are your points balance isn't too high.

Well, Bankwest is now offering a way to earn Qantas Points for doing nothing more than putting your money into a transaction account.

The hack

I feel like a liar even calling this a hack because it's just so simple. All you have to do is open a Bankwest Qantas Transaction account and you will earn Qantas Points for your balance as well as your purchases. Yep, really.

Here's how it works:

  • Apply for a Bankwest Qantas Transaction account (you need to be over 18 and an Australian resident).
  • You'll earn 5 Qantas Points every time you use your debit Mastercard to make a purchase.
  • You'll earn 5 Qantas Points for overseas ATM withdrawals (be careful of foreign transaction fees, though).
  • You'll earn 12 Qantas Points for every $100 in your Bankwest account.

You can also avoid fees with this account. Bankwest will waive the $89.50 Qantas Frequent Flyer membership fee and, by depositing at least $2,000 into your account every month, you can avoid the $6 monthly account fee.

Find out more about the Bankwest Qantas Transaction account in our review.

finder money hacks is a bi-weekly round-up of the latest tips and tricks to improve your finances. Check back every Wednesday and Saturday for new hacks.

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