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.

Qantas Business Money
Qantas Business Money global accounts as of June 2024.

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!

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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.

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 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.

Featured image courtesy of Pexels.

The Ultimate Guide to Qantas Business Money was last modified: June 17th, 2024 by Brandon Loo