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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 currency conversions. 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 50% on competitive foreign exchange rates, compared to the traditional banks. Qantas Business Money offers local business accounts in 11 major currencies, including US Dollars, Euros, British Pounds and more.
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 when travelling for work. Talk about convenience!
How do I earn points with Qantas Business Money?
Qantas Business Money offers all customers one Qantas Point per AU$1 equivalent converted into foreign currency.
The new earn rate is a significant improvement on the initial earn rate. In fact, it is a tenfold improvement, which makes this current proposition incredibly competitive in this market.
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 choose to transfer those points to the Frequent Flyer account of yourself or your team members, so long as the Qantas Business Rewards has a balance of at least 3,000 Qantas Points. You’ve earned it, and now it’s time to enjoy it.
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Featured image courtesy of Pexels.
Be careful with Qantas Airwallex offers. I have been scammed.
the latest deal says
Earn up to 125,000 bonus Qantas Points as a new converter±:
Convert minimum $20,000 AUD and earn 40,000 bonus points.
Or, convert minimum $40,000 AUD and earn 80,000 bonus points.
Or, convert minimum $75,000 AUD and earn 125,000 bonus points.
the small print says “Any customer that makes their first conversion between 1 February 2024 and 30 April 2024 …….will receive points awarded based on the total amounts converted by the member during the Offer Period ”
in my view the meaning of this is clear; if you sign up before 30 April you will receive bonus points based on the total amounrs converted before 30th April
Well i changes $75k and got bonus points, a few days later changed another $75k and no bonus points. Qantas say the 2nd FX is not elligible for bonus points !