When we travel overseas, foreign currency is one of the major things we need to keep track of. Qantas Travel Money makes this easier through a prepaid debit card that you can reload. Happily, it also doubles as your Qantas Frequent Flyer membership card!

If you typically use your points-earning credit card for domestic and overseas spending, the Qantas Travel Money card won’t be too useful. But it could be great for those who can’t or don’t want to get a credit card – the minimum age is just 16. It might also appeal to travellers who’d rather lock in an exchange rate before travelling.

As a product with no signup or recurring fees, the card’s exchange rates aren’t the most competitive in the market. In fact, adding a mark-up on exchange rates is one of the ways you indirectly pay for the service.

Note: Point Hacks does not earn a commission on this card.


Deal: 5 Qantas Points per AU$1 equivalent

Expiry: 11 December 2021

Looking for a bonus deal? You can often nab extra points by loading a foreign currency (not in Australian dollars). Sometimes the offers are tiered or targeted to certain currencies.

But here’s one of the best offers to date: until 11 December 2021, collect 5x bonus Qantas Points per AU$1 equivalent you load in foreign currency. With no limits or minimum spend, you’ll earn big right from the start.

Make sure you register here first →

For example, if you loaded AU$7,000 worth of US Dollars for your next family holiday, you could earn 35,000 Qantas Points! Add to that the usual earn rate of 1.5 Qantas Points per AU$1 equivalent spent overseas, and that package rises to more than 45,000 points – worth about $855.00 at current rates.

At the time of writing, AU$7,000 fetches you US$4,751 through Qantas Travel Money. The ‘spot’ (or commission-free) exchange rate nets you around US$4,969 – a difference of US$218 (~AU$308).

Normally, that sort of difference would be hard to justify. But the bonus Qantas Points do make it worth it – especially since 41,500 points is enough for a Business Class flight from Sydney to Perth, Auckland or Fiji!

Recent offer history

We’ve started tracking the history of Qantas Travel Money offers so you can see how they all compare. The December 2021 offer is the best to date.

DateBonus offerNotes
December 20215x bonus pointsbest offer
July 2019up to 40,000 bonus points for loading up to $20,000 AUD in foreign currency
June 2019two complimentary lounge passes when loading $5,000 AUD or more in foreign currency; 2,000 bonus points for $3,000-4,999

How does the Qantas Travel card work?

Qantas Travel Money is a reloadable prepaid debit card. You load money onto it before travel, which can remain as Australian dollars or be converted into some of the 10 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 from your bank account. If you lose your card, nobody would be able to access any of your other bank funds.

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.

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 AU$50 per transaction and a maximum of AU$3,000 ATM withdrawals daily. See the Qantas Travel Money card website for more details on limits.

How do I use the Qantas Travel Money 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 below, the order is AUD first, then Yen.

qantas travel card login | Qantas cash

Example of unsupported currencies

For example, let’s say you have AU$20 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 AU$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 AU$0 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

  1. Simply log in to your Qantas Travel Money card through the website and app.
  2. Navigate to the menu to load funds.
  3. Select what currencies you want to load in, keeping in mind the limits of $50 AUD minimum and $20,000 AUD maximum within any 24-hour period. Conveniently, you can mix and match currencies.
qantas travel card 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’s best to load some funds into AUD as well, which will be used for those purchases.

If you need the funds straight away through the debit card, there is a 0.5% fee. Otherwise, bank transfer and BPAY are fee-free.

qantas travel money card 3

How to get a Qantas Travel Money card

It’s very easy to get a Qantas Travel Money card for free. You just need to be older than 16 and have a residential address in Australia.

But if you’re already a Qantas Frequent Flyer member, check the back of your membership card. It might already have Qantas Travel Money there, which means you just need to activate it online. Otherwise, just log in to Qantas, go to ‘Profile’ and ‘Request a membership card’.

If you are not a Qantas Frequent Flyer, head to this link to sign-up. You’ll get the $99.50 joining fee waived.

qantas travel money card frequent flyer | Join Qantas for free

Read our full comparison of prepaid travel cards here.


How do I earn points in Australia?

Qantas Travel Money earns 1 Qantas Frequent Flyer point for every $4 spent on eligible transactions. That’s equivalent to 0.25 Qantas Points per dollar spent.

Ineligible transactions cover all types of government transactions including – but not limited to – the ATO. This is in addition to cash-equivalent transactions, gambling and adult entertainment. Read the updated PDS here for the full details.

How do I earn points overseas?

On the flip-side, Qantas Travel Money earns you 1.5 Qantas Points per dollar spent on eligible foreign currency transactions.

Qantas Travel Money also often suggests 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.

Summing up

Over the years, Qantas Travel Money has provoked 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.

As with any financial product, it’s well worth comparing against other foreign exchange providers before you decide to jump aboard. You also won’t earn many Qantas Points when using the card in Australia, but for many, it could be a handy little points earner.

At least you can’t argue with free. The fact the card is 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. And when there’s a decent bonus points offer, it can certainly sweeten the deal.

Have you used Qantas Travel Money before? What was your experience of it?

Frequently Asked Questions

What is Qantas Travel Money?

Qantas Cash Travel Money is a prepaid, reloadable debit Mastercard that supports 10 foreign currencies and can be used around the world. It’s free, and part of your Qantas Frequent Flyer membership card.

What is the difference between Qantas Cash and Qantas Travel Money?

Absolutely nothing! Qantas Cash was rebranded as Qantas Travel Money.

Is the Qantas Travel card any good?

The Qantas Travel Money card has features designed to be useful to people travelling internationally or spending online in international currencies. However, you should take note of any fees involved and compare exchange rates with other providers to ensure you are getting a good deal.

Is Qantas Money safe?

Qantas Travel Money is a prepaid reloadable card protected by Mastercard. If you lose the card, funds can be locked and it won’t affect your other bank accounts. It faces the same risks as any other debit or credit card, so be sure to keep your card safe when travelling and never reveal your PIN.

Can I withdraw cash from my Qantas Travel Money card?

Yes, you are able to withdraw cash from the Qantas Travel Money card. If the target currency is one you already have loaded on the card, only the ATM fee will apply. If not, funds will be converted from your existing currency wallets and fees may apply.

What bank uses Qantas money?

Qantas Travel Money is issued by Heritage Bank in arrangement with Mastercard Prepaid Management Services Australia. Heritage Bank Limited is Australia’s largest mutual bank with its head office located in Toowoomba, Queensland.

Guide to the free Qantas Travel Money card was last modified: December 4th, 2021 by Brandon Loo