Qantas Cash Card

[bobe]

What is the general feeling about the " Cash Card "is it worth it ? just looking for general reasons for and against it , look forward to replies.

 

[serfty]

One of the better uses appears to be for those domestically without a CC - with this they can earn ½ a QFF point per $ spend.

 

[moa999]

re: Qantas Cash Card

If you have a really firm view on the aud.
if you are looking for convenience and don't want to get really ripped off by Travelex at the airport.

 

[markis10]

re: Qantas Cash Card

If you have a really firm view on the aud.
if you are looking for convenience and don't want to get really ripped off by Travelex at the airport.

Slightly OT but I am amazed how often I see crew using Travelex, I wold have thought they would have been across the options more !

 

[Must...Fly!]

re: Qantas Cash Card

One of the better uses appears to be for those domestically without a CC - with this they can earn ½ a QFF point per $ spend.

Yeah that's me and I will definitely be using the card for this purpose. Still have to get used to paying things on card but 0.5ppd is half a point more than I was getting!

 

[samh004]

re: Qantas Cash Card

Yeah that's me and I will definitely be using the card for this purpose. Still have to get used to paying things on card but 0.5ppd is half a point more than I was getting!

I'm in the same boat, for years it's all been on savings, and now it's all on "credit", yet I'm earning points now and I wasn't before. Looking forward to the first full month transfer of points... I expect it'll be fairly good for my points balance

 

[Mal]

re: Qantas Cash Card

Slightly OT but I am amazed how often I see crew using Travelex, I wold have thought they would have been across the options more !

They may well get preferential rates and benefits. No different to say SYD duty free arrivals which provides (IIRC) a 20% discount to flight crew.

 

[Must...Fly!]

re: Qantas Cash Card

I'm in the same boat, for years it's all been on savings, and now it's all on "credit", yet I'm earning points now and I wasn't before. Looking forward to the first full month transfer of points... I expect it'll be fairly good for my points balance

I'm not expecting a massive amount of points but I'm sure they will add up over a year or so

 

[thechengman]

re: Qantas Cash Card

If you have a really firm view on the aud.
if you are looking for convenience and don't want to get really ripped off by Travelex at the airport.

Does anyone know how the exchange rates compare with the 28 Degrees credit card, Banks, Ozforex etc...?

I know you earn points when spending in a foreign currency but if they hit you with a cough exchange rate then it's not worth it.

Also, if they do have good rates, you might be able to use this as a platform for forex trading.

 

[markis10]

re: Qantas Cash Card

Does anyone know how the exchange rates compare with the 28 Degrees credit card, Banks, Ozforex etc...?

I know you earn points when spending in a foreign currency but if they hit you with a cough exchange rate then it's not worth it.

Also, if they do have good rates, you might be able to use this as a platform for forex trading.

This has been discussed in the qantas cash thread, its around 3-5%, so the answer is cough .

 

[thechengman]

re: Qantas Cash Card

This has been discussed in the qantas cash thread, its around 3-5%, so the answer is cough .

Thanks Markis, I was just digging around Google and that seems to be the consensus... Won't bother signing up then.

 

[LONRHO]

re: Qantas Cash Card

The major problem here is that when you load money onto these cards one is actually loaning money to the airline or american express at zero per cent
interest and paying up to say 5% for the right to loan the company your money.

Travellers cheques,cash cards,etc., are a major way for companies to raise funds ,getting you to loan them money!!!!!! Now if you happen to come back from a trip and have a few hundred dollars in travellers cheques lying around and you do not use them for a year or even throw them in to a drawer and forget about them ,then you have given the company money and have paid for the right to do so?? if one million people have one dollar loaded onto the one amex cash card or qantas cash card,etc and never use that one dollar ,then that company has just raised one million dollars plus earned 5% from these people as well.
Not a bad way to raise money.
the best way to go is to use credit cards-using their money,interest free for up to 45 days.

 

[Walter_Plinge]

re: Qantas Cash Card

The major problem here is that when you load money onto these cards one is actually loaning money to the airline or american express at zero per cent
interest and paying up to say 5% for the right to loan the company your money.

True, but convenience and security for the traveller might well trump that. Hitherto I've taken hard cash on holidays and avoided cards but now I'll go QC. Useful for Amazon and Ebay purchases too.

 

[ozbeachbabe]

re: Qantas Cash Card

The major problem here is that when you load money onto these cards one is actually loaning money to the airline or american express at zero per cent interest and paying up to say 5% for the right to loan the company your money.

Travellers cheques,cash cards,etc., are a major way for companies to raise funds ,getting you to loan them money!!!!!! Now if you happen to come back from a trip and have a few hundred dollars in travellers cheques lying around and you do not use them for a year or even throw them in to a drawer and forget about them ,then you have given the company money and have paid for the right to do so?? if one million people have one dollar loaded onto the one amex cash card or qantas cash card,etc and never use that one dollar ,then that company has just raised one million dollars plus earned 5% from these people as well.
Not a bad way to raise money.
the best way to go is to use credit cards-using their money,interest free for up to 45 days.

Don't forget that using your credit card outside Australia will attract expensive overseas transaction fees which add up quickly so don't forget to factor that in when comparing with loading cash @ 3-5% onto the QF Cash Card.

 

[Flying mermaid]

re: Qantas Cash Card

Don't forget that using your credit card outside Australia will attract expensive overseas transaction fees which add up quickly so don't forget to factor that in when comparing with loading cash @ 3-5% onto the QF Cash Card.

Not if you use something like 28 degrees as your CC - I've used it recently in both Hong Kong and South Africa with no transaction fees. I just can't see the point of the cash cards except to lock in an exchange rate.

 

[markis10]

re: Qantas Cash Card

Not if you use something like 28 degrees as your CC - I've used it recently in both Hong Kong and South Africa with no transaction fees. I just can't see the point of the cash cards except to lock in an exchange rate.

Of course from January the 28 degrees card will be expensive for cash access.

 

[Flying mermaid]

re: Qantas Cash Card

Of course from January the 28 degrees card will be expensive for cash access.

I know - such a shame, but I guess they do have to turn a profit. . We don't use much cash - just about everything goes on the card.

 

[suparockin]

re: Qantas Cash Card

I don't understand the idea of 'locking the exchange rate'?

Honestly, if people had any idea about when the dollar was going to appreciate or depreciate then they'd be making squillions as forex traders.

There is a reason it's not an easy way to make money, barely anyone can predict it.

 

[mulubinba]

re: Qantas Cash Card

I too have wondered about the concept of locking the exchange rate. But I think it is more about being able to calculate the holiday budget with a greater degree of certainty, rather than making money on the foreign exchange fluctuations.

 

[Sprucegoose]

re: Qantas Cash Card

Not if you use something like 28 degrees as your CC - I've used it recently in both Hong Kong and South Africa with no transaction fees. I just can't see the point of the cash cards except to lock in an exchange rate.

Precisely, which is most important to some.