Sydney | Published on 29th May 2015 at 16:49

Qantas Cash has received the ‘Outstanding Value Travel Money Card’ award for the second year running.

Qantas Cash is a pre-paid multi-currency payment facility built into the Qantas Frequent Flyer card.

Presented by CANSTAR, an organisation helping consumers make better decisions, the award recognises travel money card excellence across both card fees and features. As a winner of this award, Qantas Cash is permitted to carry the 5-star CANSTAR rating. The award comes just days after Qantas Cash hit a significant milestone, reaching a total of $1 billion loaded since the product’s launch in 2013.

Qantas Loyalty CEO Lesley Grant said the award is evidence of the great value Qantas Cash offers in the travel money card market.

“It’s always great to receive third party recognition and it’s fantastic for consumers to have comfort that our product has been independently reviewed, compared to similar products on the market, and comes out as one of the best.

“With Qantas Cash, the added bonus is that you can earn Qantas Points simply by using it to buy things you were going to buy anyway, and therefore reach rewards with Qantas Frequent Flyer even faster. And if you’re a Qantas Frequent Flyer in Australia, you may actually already have a Qantas Cash card in your wallet.

Ms Grant said Qantas Cash can be used when travelling overseas, with the capability to load up to 11 different currencies.

“It can also be used here at home for everyday purchases in Australian dollars, as another easy way to boost your Qantas Points balance.

“Our customers tell us that the fact we don’t charge load, reload, inactivity or monthly fees is a big factor in their decision to choose Qantas Cash. They say that not having to carry a lot of cash when overseas and rather being able to access cash at ATMs around the globe is the best of both worlds.

“With Qantas Cash you can also lock-in exchange rates before you travel, making holiday budgeting a lot easier.”

Qantas Cash offers one Qantas Point for every dollar of eligible spend in foreign currency and one Qantas Point for every two dollars of eligible spend in Australian dollars.

Qantas Cash is currently offering up to 10,000 bonus Qantas Points when loading foreign currency by 30 June 2015. The three most popular currencies loaded onto Qantas Cash are the US dollar, Euro and Pound Sterling.

Qantas Cash is used somewhere in the world every 10 seconds, with around 400,000 active cards.

Qantas Cash features:

  • Earn one Qantas Point for every $1 of eligible spend in foreign currency
  • Earn one Qantas Point for every $2 of eligible spend in Australian dollars
  • No load or reload fees
  • No currency conversation fees when you make a purchase or ATM withdrawal with funds in the local currency on your card
  • No monthly account or inactivity fees
  • No Australian domestic ATM fees charged by Qantas
  • Lock in exchange rates on up to 10 currencies
  • Q-chip enabled for Smarter, Faster Check-in at domestic and trans-Tasman airports

Full terms and conditions, including applicable fees, can be viewed at

Qantas Cash bonus offer:
Load foreign currency in one transaction by 30 June 2015 to earn bonus points (on top of the points earn when spending money off the Qantas Cash card):

·         Minimum AU$5,000 (equivalent in foreign currency) = 10,000 bonus Qantas Points

·         Minimum AU$2,500 (equivalent in foreign currency) = 5,000 bonus Qantas Points

·         Minimum AU$1,000 (equivalent in foreign currency)  = 2,000 bonus Qantas Points

Members need to register for the promotion and review full terms and conditions at before loading currency in order to be eligible for the bonus points offer.

About the CANSTAR 5 star rating

CANSTAR Travel Money Cards Star Ratings use a methodology that compares both cost and features across travel money cards. CANSTAR Star Ratings represent a shortlist of travel money cards that have been independently assessed and ranked. CANSTAR Travel Money Cards Star Ratings is a transparent analysis comparing a range of travel money cards across the market.

Ratings range from five to three stars. Five-star rated travel money cards have been assessed as offering outstanding value to consumers.  The title of “Outstanding Value Travel Money Cards” is awarded to institutions that obtain a five-star rating based on performance against criteria set down by CANSTAR.*

Important Information

Qantas Cash is available to Australian resident Frequent Flyer members aged 16+. Consider the PDS at in making any decisions about the facility. Issuer: Heritage Bank Limited (AFSL240984).  This information has been prepared without taking into account your objectives, financial situation or needs and you should consider the appropriateness of the information about the Qantas Cash facility having regard to those matters. Other terms and conditions and fees and charges may apply.

Qantas Points are earned on eligible purchases in accordance with the terms and conditions specified at Exclusions apply.

*  Source: Canstar website.