Double points on Qantas Cash

[polardabar]

The date they use appears to be the date it clears on the account, if you did it on the 18/05 your covered anyway.

Okay, thanks for the reassurance. Cheers!

 

[Red Roo]

To clarify, some Qantas Frequent Flyer members may have received a direct email about this promotion.

However this offer has been widely advertised and is available to Qantas Cash customers that register and load as per the conditions: https://www.qantascash.com/double/

Should you have any queries or concerns, our Frequent Flyer team would be happy to assist via the usual channels.

 

[polardabar]

Thanks, Red Roo!

 

[SIA1A]

My Qantas Cash card has been lying in a desk drawer, idle for many months, because:

1) Qantas Cash does not allow me to change the PIN to something I can remember (I have many cards!).
2) Loads take too long - at least 3 business days. Way too slow for a fast moving gal like me.
3) The FX commission rate of 3% is high compared with the competition.
4) I can only load funds by BPay (limited to Australian banks) or POLi (risky - not recommended by the banks). I would like to be able to load cash in either AUD or foreign currencies over the counter at banks worldwide that deal with MasterCard (ie most banks).

Have any of the above deal-breaking user constraints changed since I last messed with this card?

 

[rainbowgirl]

I'd like to be able to deposit funds on the card over the counter at a bank as well.

Sometimes BPay only takes 2 days but you can never rely on this. The funds are usually on the card a couple of hours before the email is sent so keep checking your account rather than wait for the confirmation email.

They have gotten rid of the inactivity fee.

Apart from this I haven't heard of any useful changes.

 

[markis10]

I find POLI take exactly two days, so long as they are business days. I wish Qantas Cash would get a couple of those CommBank ATMs that are real ATMs, ie they take cash deposits and process them on the spot for instant credit to your account. Stick them in each airport terminal so people can deposit cash, and QF could also make money charging an ATM fee for other card users looking for cash.

 

[SIA1A]

QF could also make money charging an ATM fee for other card users looking for cash.

I doubt it. The MasterCard issuer, Heritage Bank, would be the beneficiary. Apart from getting itself entwined with QF, Heritage Bank seems like a rather sleepy outfit. Any bank that can't process the receipt of BPay funds overnight is either profiting from the 2 or 3 day hiatus (ie using the funds for its own purposes on the overnight market) or just plain lazy.

 

[markis10]

I doubt it. The MasterCard issuer, Heritage Bank, would be the beneficiary.

Heritage maybe the issuer but Qantas get significant revenue streams and I am sure they could include ATM fees, or even just charge rent:

Qantas receives revenue generated by Qantas Cash transactions based on interchange fees paid to the Issuer, deposits held by the Issuer, cardholder fee and certain rebates and incentives from MasterCard Asia/Pacific Pte

 

[SIA1A]

Heritage maybe the issuer but Qantas get significant revenue streams and I am sure they could include ATM fees, or even just charge rent:

Qantas, in general, doesn't own the airport terminals - it rents them from the airport owner. Placement of ancillary facilities such as ATMs in the terminals is all subject to the approval of the terminal owner. The airport terminal owner earns the bulk of the revenue from these deals, which partially explains why there are so few ATMs at AU airports.

The main revenue stream that Qantas gets from Qantas Cash is a healthy cut of the FX spread. The other revenue sources that you have quoted are either tiny compared with the FX slice - or non-existent. Notably, there's not much value in the deposit fee - it's a tiny portion of the interest that accrues to Heritage from its loan book and in the current low-interest environment that ain't much at all.

 

[markis10]

Qantas, in general, doesn't own the airport terminals - it rents them from the airport owner. Placement of ancillary facilities such as ATMs in the terminals is all subject to the approval of the terminal owner. The airport terminal owner earns the bulk of the revenue from these deals, which partially explains why there are so few ATMs at AU airports.

The main revenue stream that Qantas gets from Qantas Cash is a healthy cut of the FX spread. The other revenue sources that you have quoted are either tiny compared with the FX slice - or non-existent. Notably, there's not much value in the deposit fee - it's a tiny portion of the interest that accrues to Heritage from its loan book and in the current low-interest environment that ain't much at all.

Qantas at the start of the year is the owner of four terminals, SYD, MEL, BNE and PER, leasing only the land they sit on from the owners, so they can do what they want in those terminals, including refusing advertising for a certain Bali parolees book. BNE as you may recall was sold back to the airport in Feb.

 

[opusman]

I'm amazed anyone is game enough to use POLi. You are basically giving your internet banking password away. Seems incredibly risky to me.

 

[markis10]

I'm amazed anyone is game enough to use POLi. You are basically giving your internet banking password away. Seems incredibly risky to me.

I use it from an account that is set up for Poli only, it has a balance for 30 minutes at most and I will know if there is an issue and who is at fault pretty quickly.

 

[Jacques Vert]

Anyone know when the double points load? +1 has received her half point per $ and is definitely registered. I can't find it in the T&Cs but I presume the bonus points will either load at the end of the promotion period or in the standard "please allow up to 6 weeks"?

JV

 

[TomVexille]

Anyone know when the double points load? +1 has received her half point per $ and is definitely registered. I can't find it in the T&Cs but I presume the bonus points will either load at the end of the promotion period or in the standard "please allow up to 6 weeks"?

JV

Yup, standard 6-8 weeks after the promo period

The bonus points will appear in your account within 6-8 weeks after the offer has closed.

 

[Jacques Vert]

Yup, standard 6-8 weeks after the promo period

Thanks; I did look for this information but keep getting the T&Cs for the Double Load bonus rather than the double points. Thanks again. JV

 

[TomVexille]

Thanks; I did look for this information but keep getting the T&Cs for the Double Load bonus rather than the double points. Thanks again. JV

It's usually at the bottom of the email

 

[Jacques Vert]

It's usually at the bottom of the email

Ah Ha! In my case I didn't get the email; I picked it up on the Website. Just happened to be logging in when the promo began.

JV

 

[TomVexille]

Ah Ha! In my case I didn't get the email; I picked it up on the Website. Just happened to be logging in when the promo began.

JV

In that case it's a good idea to take a screenshot of the website Can save a lot of hassle later.

 

[samh004]

I just posted in a separate thread, but the promotion period was 12:01am 18 May to 11:59pm 20 June from what I have read. I received just 725 bonus points.

My June Qantas statement has the following transaction:
[TABLE="class: basic, width: 760"]
[TR="class: underline1 alt"]
[TD="bgcolor: #F9F9F9"]12 JUN 14[/TD]
[TD="bgcolor: #F9F9F9"]QANTAS CASH OVERSEAS TRANSACTION 11JUN14[/TD]
[TD="class: noFigures, bgcolor: #F9F9F9"]-[/TD]
[TD="class: noFigures, bgcolor: #F9F9F9"]-[/TD]
[TD="class: noFigures, bgcolor: #F9F9F9"]-[/TD]
[TD="class: figures, bgcolor: #F9F9F9"]1,064[/TD]
[TD="class: noFigures, bgcolor: #F9F9F9"]-[/TD]
[/TR]
[TR="class: underline1"]
[/TR]
[/TABLE]

Meanwhile my statement contains this, among 1 other, smaller, international transaction in the period (that ultimately brings it to the right figure):


Am I getting the right amount? Certainly doesn't seem so.

 

[Shan Man]

My Points posted today as well! 3,291 bonus points.

now if only it was always 1 point per AUD$...