Qantas Travel Money changing to Qantas Pay - May 2024

[chrispy3276]

Qantas has announced that Travel Money is becoming Qantas Pay as of 21 May 2024.

It will have an impact on cards and accounts - anyone who hasn't signed up to Travel Money but was planning on using it in the future is being encouraged to hold off until 21 May when the changes take effect.

New Qantas Pay cards will be issued before the changes take effect for everyone that has Travel Money linked to their QFF card (more details to come on this).

Qantas earn rates appear to be staying the same - 1.5 pts/$ for international spend, 1 point per $4 for domestic spend.

Details: Qantas Travel Money is becoming Qantas Pay

 

[opusman]

Third name at least for this product. Rearranging the deckchairs on the Titanic?

 

[SYD]

Could be a flurry of physical cards being issued!

 

[b3LKMZAYN9]

so it seems the new "Pay" card cannot act as a membership card anymore? correct me if I'm wrong.

 

[eminere]

so it seems the new "Pay" card cannot act as a membership card anymore? correct me if I'm wrong.

From the first FAQ:

Previously, Qantas Travel Money was integrated into your physical Qantas Frequent Flyer membership card. Now, Qantas Pay has been launched as a new, standalone card.

 

[SYD]

From the first FAQ:

Well that just scuppered my experiment to get a new card by trying to load up some cash yesterday….

 

[moa999]

Suspect this will just result in many using any existing balance and closing the account.

 

[bullerdude]

Seems odd they won’t provide an option for those that prefer a combined card…

In any case, unless they improve the rates, doubt I’ll be using the new card.

 

[Franky]

Seems odd they won’t provide an option for those that prefer a combined card…

In any case, unless they improve the rates, doubt I’ll be using the new card.

It’s why I gave it up years ago….

 

[CaptJCool]

Aargh
Messy conversion

That definitely complicates things

Firstly my current card expires when I’m away so was expecting my kid to bring it to Europe when he travelled In July

Secondly the Travel money card was easy to get but I would wonder what expiry date will go on the newly requested and activated cards now this has been announced

Thirdly
There’s been no ID credentials needed thus far so that’s a whole new ballgame of of verification

 

[Pushka]

Could be a flurry of physical cards being issued!

At last a real enhancement

Post automatically merged: Apr 16, 2024

Well that just scuppered my experiment to get a new card by trying to load up some cash yesterday….

You should be able to order a new card from within your own settings.

 

[CaptJCool]

Couldn’t do what I thought I could do as account holder is the only one sending cash in

 

[SYD]

Couldn’t do what I thought I could do as account holder is the only one sending cash in
View attachment 379406

What can’t you do?

I actually used this process on the weekend to top up my card. I don’t recall what I did years ago when I first opted in…but this worked as expected.

Suspect this will just result in many using any existing balance and closing the account.

In any case, unless they improve the rates, doubt I’ll be using the new card.

I’d never use this intentionally for Forex transactions but for someone who doesn’t have or can’t get a points earning CC (ie retired), it does earn a token amount of QFF points as an AUD debit card - so might be mildly attractive to a select crowd. But that’ll be a lot of transactions to earn a CR+ redemption but I digress…

 

[CaptJCool]

What can’t you do?

I actually used this process on the weekend to top up my card. I don’t recall what I did years ago when I first opted in…but this worked as expected.

As a 3rd party (parent) forward money to my adult children’s account

 

[CaptJCool]

spend, 1 point per $4 for domestic spend.

Details: Qantas Travel Money is becoming Qantas Pay

thanks for bringing that to my attention
Years ago I’m sure it was 0.5 per $1
This 0.25 per $1 is appalling

Even the Comm bank at 0.4 per $1 is better, and that’s saying something

Time to check out some alternatives

 

[AustraliaPoochie]

Yep, by the looks of it, the new QP will be a standalone card.
QP now becomes like a general preloadable debit card, ala Auspost travel card.
It will have the word prepaid on it too, on the front, with the card # on the back, like some other banks now have it, probably too with a thumb indentation so visually impaired can differentiate it.
---
Yep, Captjcool, it was reduced about 4 years back.
Overseas its still 1:1, but dom earn, its 0.25:1.

 

[SYD]

Yep, Captjcool, it was reduced about 4 years back.
Overseas its still 1:1, but dom earn, its 0.25:1.

It’s 1.5 pts per $1 AUD spend OS but that’s after the coughpy exchange rate.

Are there any/many other DCs or PrePay cards that earn FF pts?

 

[justinbrett]

I imagine this move will be the final blow to physical FF cards, which is a shame.

 

[AustraliaPoochie]

For SYD, no, not really, (havent chased up the Bankwest one, if it earns QFF points on purchases, its a debit card), but in the easy way, without a min dep of $2000 per month, as is Bankwests way of doing it, ie, without any ties, EML is the only one now, seeing all the other airlines and alliances, want you to spend their money, and earn interest if you dont pay back the "loan".
VGW was shut off last year sometime.
Prepaid, in the US, Amex has one of them.
Indirectly, Bankwest has the QFF earning, but not per purchase I dont think, you need to earn it by keeping money in the account, I might be wrong there (on the purchases part).
---
Edit: the Bankwest platinum debit card, does earn QFF points on purchases, but you do need a deposit of $2000 a month, to avoid their $3/$5 a month transaction account fee.
Just had a look see.
Wow: $6 a month now, if a person does not deposit $2000 into that Bankwest account, (to avoid the fee).
Thought it was $5.
EML this new QP one, is the best without ties.
But if you are happy to pay $6 a month, the Bankwest one is good, as you can transfer money into it via Osko, and the money is there immediatly.
QTMC or QP, for "free" bank transfers, take 24 hrs to acknowledge.
Though, under the current system, you can go into your QTMC account via laptop, and "suck"/direct debit money from your transaction account, did it a few days ago, that was immediate.
Tho, maybe people prefer Osko.

 

[CaptJCool]

I suspect
Banking credit rules wouldn’t apply to debit cards but there maybe some rules associated with EFTPOS / merchant fees that are driving the who change-up

Noting points systems are “free” cash completely outside the credit provider rules of a bank.

The only question is
Will this make more or less money for QF ?
And if so, who’s paying ? The merchants ? The customer ? The acceptance company ?
Is the change of card to take advantage or extra merchant fees ?
Bit like the gold / platinum split up where one fee is lower than the other. As a customer, we might never twig to this
If the card is currently a 0.2%, they can boost that to 0.6% or 0.7% just switching cards (triple profit potential)

Merchant Interchange | Mastercard Australia

Mastercard interchange balance the benefits and costs of electronic payments. Learn more about the benefits of interchange fees & rates, it delivers to all parties.

www.mastercard.com.au

https://www.news.com.au/finance/business/banking/anz-will-no-longer-issue-cheque-books-to-old-and-new-accounts-from-june-citing-declining-use/news-story/c56afb7d1d22b23f968ef24c0318802c