Does your business conduct transactions abroad? If so, you could be jetting off overseas sooner with Qantas Business Money, which gives you the ability to earn points with foreign payment. It’s powered by Australian-founded fintech giant, Airwallex.

Launched in the second quarter of 2022, Qantas Business Money is available to more than 350,000 small and medium businesses (SMEs) that take part in the Qantas Business Rewards program.

Here’s everything you need to know.

How does Qantas Business Money work?

Members can save up to 70% on competitive foreign exchange rates, compared to the traditional banks. Airwallex offers local business accounts in 11 major currencies, including US Dollars, Euros, British Pounds and more.

Airwallex international wallets as of February 2022.

International bank accounts can be set up with minimal fuss. As for spending, you can use virtual Visa Business debit cards to conduct payments in local currencies. Talk about convenience!

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How do I earn points with Qantas Business Money?

Qantas Business Money offers new customers up to 100,000 points for signing up and transacting (up to 31 July 2023). You’ll also be able to earn an ongoing rate of one Qantas Point per AU$10 transacted.

While that might not seem like a lot, we’re certainly relishing the opportunity to earn something at least, while still saving money on international transaction fees. That proposition is hard to beat.

Qantas Business 787
Take your seat in Qantas Business Class once you’ve earned points from Qantas Business Money.

Summing up

Qantas Business Money is handy for business owners that have dealings overseas. You could save lots of money on fees – but also pick up Qantas Points along the way.

Through the Qantas Business Rewards program, you can then send those points to anyone – yourself, a family member, a colleague or even a friend. You’ve earned it, and now it’s time to enjoy it.

Featured image courtesy of Pexels.

The Ultimate Guide to Qantas Business Money was last modified: August 24th, 2023 by Brandon Loo