Qantas are running a short promo for up to a 25% bonus on points transfers from credit card programs until 31st August 2016. The bonus isn’t as high as the offer that was run back in June but is still significantly better than other previous offers.
What’s the catch? Well first it’s targeted, so if you didn’t receive the email, I would suggest calling Qantas customer service to enquire whether your account qualifies before jumping in.
Secondly being a tiered transfer promotion, to capitalise on the top rate of 25% you’ll need to be a points millionaire (you know the saying, the rich get richer?)
Credit cards options that transfer points from flexible points programs to Qantas Points are minimal in New Zealand, and other card options that lock you into automatic monthly sweeps to Qantas instead are not valid for the bonus.
Qantas Points bonuses details
The current promotion runs until 31st August and Qantas have set four-tiered transfer rates, where each increased percentage bonus requires a larger number of points transferred to activate.
- 10% bonus: less than 100,000 Qantas Points
- 15% bonus: 100,000 – 500,000 Qantas Points
- 20% bonus: 500,000 – 1,000,000 Qantas Points
- 25% bonus: over 1,000,000 Qantas Points
It is important to note the transfer amounts are referring to the total number of points received into your Qantas frequent flyer account.
Therefore, if you are transferring card reward points from a source such as the New Zealand American Express Rewards program, where the transfer rate is only 2:1 then you will need to transfer double the points from that program to receive the Qantas Points level required.
Current transfer bonus eligibility
The transfer bonus offer is usually targeted to members who have previously made a transfer, and Qantas don’t usually publish this one online (maybe due to the limited potential uptake for it), so it’s hard to say if it’s available to you if you hold a card and didn’t get a letter or email.
I received a letter this time around which states the offer is targeted to me, and this offer is slightly better than what has been available with previous recent promotions, with the big bonus at the top end of transfers.
Cards that offer manual points transfer to Qantas Frequent Flyer
This promotion only works for flexible card programs, where you earn from daily spend in the card own rewards points first. Then secondly that the card’s own reward program has Qantas Frequent Flyer as one of its nominated transfer partners.
In New Zealand cards that provide this ability are:
Both Cards earn points from daily spend into the New Zealand American Express Membership Rewards program, which in turn has Qantas Frequent Flyer as one of its registered transfer partners.
Note that this promotion does not include direct sweep cards such as the NZ Qantas ANZ Visa, that automatically transfer points earned from your daily spend every month into your Qantas Frequent Flyer account.
- 10% bonus in August 2016, with 15% bonus on transfers over 100,000 points, 20% bonus on transfers over 500,001 points, and 25% bonus on transfers over 1mn points
- 15% bonus in June 2016, with 20% bonus on transfers over 100,000 points, 25% bonus on transfers over 500,001 points, and 30% bonus on transfers over 1mil points
- 15% bonus in March 2016, with 20% bonus on transfers over 350,000 points, not known if targeted
- 15% bonus in December 2015, with 20% bonus on transfers over 350,000 points, not known if targeted
- 15% bonus in September 2015, with 20% bonus on transfers over 300,000 points, not known if targeted
- 15% bonus in June 2015, with 20% bonus on transfers over 300,000 points, targeted to members to had only made a transfer previously.
- 15% bonus in March 2015 targeted to members to had only made a transfer previously.
- 15% bonus in mid-August 2014 targeted to members to had only made a transfer previously.
Should you take advantage of the transfer bonus?
Each time this comes around it seems to be on a short-term basis, and with little predictability. Either way, it’s useful for those who have points balances in a flexible card program they can transfer to Qantas.
The deal is helpful if you have a premium card like the American Express Platinum Charge, and you know you will want to use your point balance for Qantas Frequent Flyer redemptions or upgrades. There could be better value redemptions available to you from other transfer programs like KrisFlyer, Asia Miles and Enrich if you’re willing to go looking, so I’d suggest doing your homework first .
If this works for you though – go for it, make the transfer, you’ve got until 30th June and you won’t get a larger transfer bonus from Qantas – and they don’t come up too often.