Qantas Travel Money is a no annual fee prepaid debit card that earns 1 Qantas point per $4 on eligible domestic spend and 1.5 Qantas point per $1 on eligible foreign currency spend abroad or online.

  • No Annual fee
  • Available to Qantas Frequent Flyer members 16 years old or over
  • 1 Qantas Frequent Flyer point per $4 spent on eligible transactions in Australia
  • 1.5 Qantas Frequent Flyer point per $1 spent on eligible foreign currency spend (abroad or online)
  • No load fee via bank transfer or BPAY; 0.5% load fee from bank debit card
  • Annual fee: $0 p.a.
  • International ATM withdrawal fee of ~$2.50 AUD equivalent (depends on local currency)

Find out more or apply →

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Qantas Travel Money guide was last modified: June 11th, 2019 by Daniel Sciberras

Qantas Cash has been rebranded as Qantas Travel Money last year and 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 often doesn’t get considered – but it could be a good card to have for those who can’t get or who don’t want a credit card or who really want to lock in foreign exchange rates before they travel, and are comfortable with the fx rates and points on offer.

Qantas Travel Money also 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.

This card’s attractiveness is not really in it’s exchange rates or points earn rates (compared points earning credit cards), but rather its convenience.


Qantas Travel Money: the basics

Card Details

CardQantas Travel Money
Card typePrepaid debit card
Loyalty ProgramQantas Frequent Flyer
Points earned on eligible transactions0.25 point per $ on domestic spend
1.5 point per $ on overseas spend
Load feeNo 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 feeNo fee
Annual fee$0 p.a.

Digging into the details of the Qantas Travel Money

Qantas Travel Money is a reloadable prepaid debit card, meaning that you are never spending the bank’s money (credit), but rather need to load it up with your own money before it can be used.

It’s also your Qantas Frequent Flyer membership card, so you can use it to fast-track check-in at the airport, for example.

The card can be loaded via BPAY or bank transfer, both of which can take a couple of days at worst. There’s also an option of loading up the card using a bank debit card, copping a 0.5% load fee on the way.

It is not possible to load up using credit cards and other card types. You can cash out any unspent money to your bank account.

Qantas Frequent Flyer

Qantas Travel Money bonus promotions

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.

Offer history

  • 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 covers 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 to take note of are it’s 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. It’s worth being careful with this approach.

If our dollar falls, great – you’ve saved some money. But if the dollar goes up, you’ve just lost out. It depends how much certainty you prefer.

Summing up

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?

Qantas Travel Money guide was last modified: June 11th, 2019 by Daniel Sciberras