Qantas Cash Card

[get me outta here]

Just got this offer. What would it actually ~ cost putting $2.5K on this card which I've never used. I'd consider using it for purchases, not cash out - if that makes any difference?

[TABLE="width: 100%"][TR][TD]"Hurry - earn up to 40,000 Qantas Points
[/TD][/TR][TR][TD]
[/TD][/TR][/TABLE]
[TABLE="width: 100%"][TR][TD="colspan: 2"]Dear gmoh,
[/TD][/TR][TR][TD="colspan: 2"][/TD][/TR][TR][TD]Easter's getting closer so it's time to sort your travel money. Don't forget, when you load foreign currency onto Qantas Cash you'll be rewarded with:

Up to 20,000 bonus points when you load
Lock in AU$2,500 or more in foreign currency and earn 1 Qantas Point for every dollar loaded (up to a maximum of 20,000 points)*.

PLUS

Up to 20,000 points when you spend
Earn 1 Qantas Point for every AU$1 spent on eligible purchases in foreign currency[SUP]^[/SUP].

Ready to go? Register then load today!"
[/TD][TD]
[/TD][/TR][/TABLE]

 

[SydneySwan]

Just got this offer. What would it actually ~ cost putting $2.5K on this card which I've never used. I'd consider using it for purchases, not cash out - if that makes any difference?

[TABLE="width: 100%"][TR][TD]"Hurry - earn up to 40,000 Qantas Points[/TD][/TR][TR][TD]
[/TD][/TR][/TABLE][TABLE="width: 100%"][TR][TD="colspan: 2"]Dear gmoh,[/TD][/TR][TR][TD="colspan: 2"]
[/TD][/TR][TR][TD]Easter's getting closer so it's time to sort your travel money. Don't forget, when you load foreign currency onto Qantas Cash you'll be rewarded with:

Up to 20,000 bonus points when you load
Lock in AU$2,500 or more in foreign currency and earn 1 Qantas Point for every dollar loaded (up to a maximum of 20,000 points)*.

PLUS

Up to 20,000 points when you spend
Earn 1 Qantas Point for every AU$1 spent on eligible purchases in foreign currency[SUP]^[/SUP].

Ready to go? Register then load today!"[/TD][TD]
[/TD][/TR][/TABLE]

No amount of points is likely to justify the poor exchange rates used by this card. However if you think the currency you are buying will go up 10%+ against the AUD by the time you want to use it then it might have a use. However I am not into currency speculation and just use the 28 Degrees Mastercard for overseas purchases.

 

[get me outta here]

Yes, it's still not worth it.

No amount of points is likely to justify the poor exchange rates used by this card. However if you think the currency you are buying will go up 10%+ against the AUD by the time you want to use it then it might have a use. However I am not into currency speculation and just use the 28 Degrees Mastercard for overseas purchases.