During the widespread uncertainty throughout the COVID-19 pandemic, many small and medium enterprises (SMEs) have felt the effects of various lockdowns and physical distancing measures put in place.
Qantas Business Rewards is partnering with Valiant Finance to enable businesses from any industry to earn Qantas Points on business loans. Bonus Points are awarded as follows:
- 10,000 Qantas Points: Asset finance and working capital loans between $15,000 to $39,999.
- 25,000 Qantas Points: Asset finance and working capital loans between $40,000 to $79,999.
- 50,000 Qantas Points: Asset finance and working capital loans above $80,000, and commercial loans above $300,000.
With those points, you could book reward flights for personal or business use, reward employees by transferring them points from your Business Rewards account, or redeem for car hire, hotels, office tech and more.
What is Valiant Finance?
Valiant Finance is described as ‘Australia’s only end-to-end business finance platform. Its online Business Loan Selector draws from a panel of over 80 lenders and is designed to make the application simple.
SMEs are the growth engine of the Australian economy and are absolutely vital to the country’s financial recovery from this pandemic.
Our platform solves a key problem for businesses – long, stressful applications and unexplained loan rejections, by using technology to closely match lenders to the needs of the business owners through one, intuitive digital process.Alex Molloy, Valiant Finance, CEO
How does the application process work?
Businesses can submit basic information online through the Qantas Business Rewards website. A range of suitable loan options will be displayed for you to compare rates, terms and fees.
If you’re ready to proceed, you’ll be matched with a finance specialist to assist with your application. Your business would then earn the bonus Qantas Points within 30 days of settlement of the first drawdown.
Qantas Business Rewards grew by 25 per cent last financial year, so we know being rewarded for everyday business expenses and saving on costs is highly relevant to SMEs. And even more so in the current environment.
Our members are keen to return to business as usual and we want to support them in every way we can.Olivia Wirth, Qantas Loyalty CEO
Seek Independent Financial Advice
If this particular product is something that looks of interest to you, make sure to speak with your accountant or obtain independent financial advice before taking out the product, to ensure that it is suitable for your specific financial situation.
Qantas Frequent Flyer is going from strength to strength, and this new partnership highlights just how far this loyalty program has diversified. It’s useful for SMEs to potentially have the option to earn Qantas Points on a business loan.
Of course, the usual caveats do apply. Business owners should speak with their accountant and/or obtain independent financial advice to see if any of these business loan products are suited for them. As we always say, don’t sign up for something just to get the points if you can get a better deal elsewhere.
Point Hacks has no affiliations with Valiant Finance.