Qantas Travel Money (formerly Qantas Cash) is a prepaid debit card that doubles as your Qantas Frequent Flyer membership card.
For many points collectors who rely solely on their credit cards for domestic and overseas spend, the Qantas Travel Money card often doesn’t get considered. But it could be a good card to have for those who can’t get or don’t want a credit card, or who want to lock in a foreign exchange rate(s) before they travel.
Qantas Travel Money has a lower age restriction than most credit cards (16 years vs 18 years), so high schoolers can start earning their own points from their own personal spend.
Note: Point Hacks do not earn commission for this card.
The card can be attractive not just in terms of points earn, but also due to its convenience. As a product with no signup or recurring card fees, the exchange rates are not the most competitive in the market, and can best be described as being middle of the market. You can find out the daily exchange rate for Qantas Travel Money here.
This guide will explore all the aspects of the Qantas Travel Money Card to help you decide whether it is worth using.
Qantas Travel Money: the basics
|Card||Qantas Travel Money|
|Card type||Prepaid debit card|
|Loyalty Program||Qantas Frequent Flyer|
|Points earned on eligible transactions||0.25 point per $ on domestic spend|
1.5 point per $ on overseas spend
|Load fee||No load fee via bank transfer or BPAY; 0.5% load fee from bank debit card|
|International ATM withdrawal fee||~$2.50 AUD equivalent (depends on local currency)|
|Currency conversion fee||No fee|
|Annual fee||$0 p.a.|
The following transactions won’t earn any Qantas Points*:
- ATM withdrawals and quasi-cash transactions
- Fees and charges
- Account adjustments and reversed transactions
- Gambling transactions and adult entertainment
- Government-related transactions, including to the ATO
There are also limits on how you use the Qantas Travel Money Card, such as a minimum load of AUD$50 per transaction and a maximum of AUD $3,000 ATM withdrawals daily. See the Qantas Travel Money Card website for more details on limits.
*according to the Qantas Travel Money T&C.
How does the Qantas Travel card work?
Qantas Travel Money is a reloadable pre-paid debit card, you load money onto it before travel, which can remain as Australian dollars or be converted into some of the ten supported foreign currencies.
It’s also your Qantas Frequent Flyer membership card, so you can use it to fast-track check-in at the airport, for example.
Your stored foreign currencies can be converted on the go, meaning that you can load your AUD wallet now and exchange it to other currencies whenever it suits you, via the app or website. Otherwise, you can add to your foreign currency wallet straight from AUD at the time of loading to lock in the exchange rate.
Qantas Travel Money card funds remain separate to your bank account, so if you do lose your card, nobody would be able to access any of your other bank funds.
How to spend different currencies on the Qantas Travel Money cash card
Spending is easy – just use the card at the checkout or ATM as you normally would in Australia. It works wherever Mastercard is accepted, which is practically everywhere.
Whenever a transaction is made that isn’t a supported currency, the funds will be converted out of other currencies in an order of your choice. In the screenshot above, the order is AUD first, then Yen.
For example, let’s say you have 20 AUD and ¥900 Japanese Yen on your card at the end of a holiday. While stopping over in Malaysia on the way home, you buy some duty-free for 90 MYR (about AUD $30).
Since Malaysian Ringgit isn’t a supported currency, here is what could happen (numbers have been rounded for clarity):
- 20 AUD is converted to ~59 MYR
- ¥809 JPY is converted to ~31 MYR
After the transaction, you would be left with 0 AUD and ¥91 JPY remaining, as in the screenshot above. Qantas Travel Money does not charge additional currency conversion fees.
When you arrive back home, you can just leave the funds on the card with no inactivity fees, or cash out to AUD at the daily exchange rate.
How to load cash onto the Qantas Travel Money card
- Simply log in to your Qantas Travel Money card through the website and app
- Navigate to the menu to load funds.
- Select what currencies you want to load in, keeping in the mind the limits of $50 AUD minimum and $20,000 AUD maximum within any 24-hr period. You can mix and match currencies.
For example, let’s say you are going on a trip to Singapore and Malaysia. SGD is supported on the Qantas Travel Money card, so you can load into that currency directly. Malaysia Ringgit is not supported, so it is best to load some funds into AUD as well, which will be used for those purchases.
If you need the funds straight away through debit card, there is a 0.5% fee. Otherwise, Bank Transfer and BPAY are fee-free.
How to get a Qantas Travel Money Card
It is very easy to get a Qantas Travel Money card for free. You just need to be more than 16 years old and have a residential address in Australia.
If you are already a Qantas Frequent Flyer, check the back of your membership card. It might already have Qantas Travel Money there, which means you just need to activate it online.
If you do not have Qantas Travel Money on your frequent flyer card, then just log in to Qantas, go ‘Profile’ and ‘Request a membership card’.
If you are not a Qantas Frequent Flyer, head to this link to sign-up. You will get the $99.50 joining fee waived.
Qantas Travel Money bonus promotions
Looking for a bonus promotion? Qantas Travel Money often run bonus promotions where they reward you for spending or for loading up your card with foreign currency. For the more common load-up promotions, they do this either through temporarily better exchange rates or through tiered bonus Qantas Points.
Just to be clear (and as is usually the case with these sorts of promotions), loading the card with AUD won’t earn you any points: it has to be converted into one of the 10 currencies available.
It’s important to compare the exchange rates of other options and consider the trade-offs before jumping in and loading your Qantas Travel Money in order to earn points.
- July 2019: up to 40,000 bonus points for loading up to $20,000 AUD in foreign currency
- June 2019: two complimentary lounge passes when loading $5,000 AUD or more in foreign currency; 2,000 bonus points for $3,000-4,999
- June 2018: up to 50,000 bonus points for loading up to $20,000 AUD in foreign currency
- May 2018: up to 15,000 bonus points for loading $20,000 AUD in foreign currency
- April 2017: up to 20,000 bonus points for loading $20,000 AUD in foreign currency
- November 2016: up to 40,000 bonus points for loading $20,000 AUD in foreign currency
- October 2016: up to 5,000 bonus points for loading $2,500 AUD in foreign currency
- September 2016: up to 40,000 bonus points for loading $20,000 AUD
- September 2016: five-day special on foreign exchange rates
- July 2016: up to 60,000 bonus points for loading $20,000 AUD
- June 2016: 4-day special on foreign exchange rates
- June 2016: up to 2,000 bonus points for loading $1,000 AUD
- April 2016: 7-day special on foreign exchange rates
- July 2015: earn 2 Qantas Points per $1 AUD in foreign currency on eligible purchases
- May-June 2015: up to 10,000 bonus points for loading $5,000 AUD
- April 2014: 2,500 bonus points for loading $250 AUD
Spend in Australia
Qantas Travel Money is set to earn 1 Qantas Frequent Flyer point for every $4 spent on eligible transactions, or an equivalent of 0.25 Qantas Points per $ spent.
Ineligible transactions cover all types of government transactions including but not limited to the ATO in addition to cash-equivalent transactions, gambling and adult entertainment. Read the updated PDS here for the full details.
Spend outside Australia
On the flip-side, Qantas Travel Money earns you 1.5 Qantas Points spent on eligible foreign currency transactions.
The biggest aspect of the Qantas Travel Money product is its exchange rates (specifically, the “padding” over and above the base Mastercard rate). This is a free card, and the foreign exchange rates are why they can offer the product for free.
Qantas Travel Money also often suggest you ‘lock-in’ your exchange rate now by converting everything over to the foreign currency you need. Be aware though that this approach may or may not work in your favour depending on subsequent exchange rate movements.
If our dollar falls, great – you’ve saved some money. But if the dollar goes up, you’ve just lost out. It depends on how much certainty you prefer.
Frequently Asked Questions
Qantas Cash Travel Money is a prepaid, reloadable debit Mastercard that supports ten foreign currencies and can be used around the world. It is free, and part of your Qantas Frequent Flyer membership card.
Absolutely nothing! Qantas Cash was rebranded to Qantas Travel Money. Therefore, a Qantas Cash card is a Qantas Travel Money card, and visa-versa.
How do I activate the Qantas Travel Money card?
Just visit the Qantas Travel Money homepage and log in to your Qantas Frequent Flyer account to start activating your new card.
How do I put money on my Qantas Travel Money card?
Load funds onto your Qantas cash card by logging in to your account, selecting what amounts you’d like to load, then confirming the transfer via debit card (0.5% fee), bank transfer or BPAY (both free).
What is the best travel money card?
There is no right answer to this. Velocity members will find the Velocity Global Wallet card to be more handy for earning Velocity Points, while Qantas travellers may prefer the Qantas Travel Money card for Qantas Points.
The Qantas product does have slightly better fees – there is no inactivity fees or currency conversion fees compared to the Velocity Global Wallet card which charges both.
Where can I use my Qantas Travel Money card?
You can use your Qantas Travel Money card anywhere where Mastercard is accepted, which is practically worldwide. It can be used for ATM withdrawals or for purchases.
Is Qantas Cash a debit or a credit card?
The Qantas Travel Money Card is a pre-paid debit card.
Is there a Qantas Cash app?
Yes, the easiest way to manage your Qantas Travel Money card is to use the app while you’re on holiday.
I have observed over the years that the Qantas Travel Money seems to provoke some pretty extreme responses – some people love it, and others not so much. It is very convenient though, with every Qantas Frequent Flyer cardholder having access to the product through their membership card.
It may not be the best card to use for travel due to their foreign exchange rates, which are well worth comparing vs other foreign exchange providers before you decide to jump on. You also won’t earn many Qantas Points when used in Australia, but, for many, it could be handy little points earner where the alternative is earning no points at all.
At least you can’t argue with free – the fact that it’s available to use with no-upfront fee means there is little risk in trying it out and seeing if it has some use to you.
Have you used Qantas Travel Money before? What was your experience of it?