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Originally Posted by markis10 This has been discussed in the qantas cash thread, its around 3-5%, so the answer is crap . Thanks Markis, I was just digging around Google ...
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  1. #11
    New Member thechengman's Avatar
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    re: Qantas Cash Card

    Quote Originally Posted by markis10 View Post
    This has been discussed in the qantas cash thread, its around 3-5%, so the answer is crap .
    Thanks Markis, I was just digging around Google and that seems to be the consensus... Won't bother signing up then.

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  3. #12
    New Member LONRHO's Avatar
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    re: Qantas Cash Card

    The major problem here is that when you load money onto these cards one is actually loaning money to the airline or american express at zero per cent
    interest and paying up to say 5% for the right to loan the company your money.

    Travellers cheques,cash cards,etc., are a major way for companies to raise funds ,getting you to loan them money!!!!!! Now if you happen to come back from a trip and have a few hundred dollars in travellers cheques lying around and you do not use them for a year or even throw them in to a drawer and forget about them ,then you have given the company money and have paid for the right to do so?? if one million people have one dollar loaded onto the one amex cash card or qantas cash card,etc and never use that one dollar ,then that company has just raised one million dollars plus earned 5% from these people as well.
    Not a bad way to raise money.
    the best way to go is to use credit cards-using their money,interest free for up to 45 days.

  4. #13
    Member Walter_Plinge's Avatar
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    re: Qantas Cash Card

    Quote Originally Posted by LONRHO View Post
    The major problem here is that when you load money onto these cards one is actually loaning money to the airline or american express at zero per cent
    interest and paying up to say 5% for the right to loan the company your money.
    True, but convenience and security for the traveller might well trump that. Hitherto I've taken hard cash on holidays and avoided cards but now I'll go QC. Useful for Amazon and Ebay purchases too.

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  6. #14
    Established Member ozbeachbabe's Avatar
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    re: Qantas Cash Card

    Quote Originally Posted by LONRHO View Post
    The major problem here is that when you load money onto these cards one is actually loaning money to the airline or american express at zero per cent interest and paying up to say 5% for the right to loan the company your money.

    Travellers cheques,cash cards,etc., are a major way for companies to raise funds ,getting you to loan them money!!!!!! Now if you happen to come back from a trip and have a few hundred dollars in travellers cheques lying around and you do not use them for a year or even throw them in to a drawer and forget about them ,then you have given the company money and have paid for the right to do so?? if one million people have one dollar loaded onto the one amex cash card or qantas cash card,etc and never use that one dollar ,then that company has just raised one million dollars plus earned 5% from these people as well.
    Not a bad way to raise money.
    the best way to go is to use credit cards-using their money,interest free for up to 45 days.
    Don't forget that using your credit card outside Australia will attract expensive overseas transaction fees which add up quickly so don't forget to factor that in when comparing with loading cash @ 3-5% onto the QF Cash Card.

  7. #15
    Member Flying mermaid's Avatar
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    re: Qantas Cash Card

    Quote Originally Posted by ozbeachbabe View Post
    Don't forget that using your credit card outside Australia will attract expensive overseas transaction fees which add up quickly so don't forget to factor that in when comparing with loading cash @ 3-5% onto the QF Cash Card.
    Not if you use something like 28 degrees as your CC - I've used it recently in both Hong Kong and South Africa with no transaction fees. I just can't see the point of the cash cards except to lock in an exchange rate.

  8. #16
    Moderator markis10's Avatar
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    re: Qantas Cash Card

    Quote Originally Posted by Flying mermaid View Post
    Not if you use something like 28 degrees as your CC - I've used it recently in both Hong Kong and South Africa with no transaction fees. I just can't see the point of the cash cards except to lock in an exchange rate.
    Of course from January the 28 degrees card will be expensive for cash access.

  9. #17
    Member Flying mermaid's Avatar
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    re: Qantas Cash Card

    Quote Originally Posted by markis10 View Post
    Of course from January the 28 degrees card will be expensive for cash access.
    I know - such a shame, but I guess they do have to turn a profit. . We don't use much cash - just about everything goes on the card.

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  11. #18
    Member suparockin's Avatar
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    re: Qantas Cash Card

    I don't understand the idea of 'locking the exchange rate'?

    Honestly, if people had any idea about when the dollar was going to appreciate or depreciate then they'd be making squillions as forex traders.

    There is a reason it's not an easy way to make money, barely anyone can predict it.
    eastwest101 likes this.

  12. #19
    Junior Member mulubinba's Avatar
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    re: Qantas Cash Card

    I too have wondered about the concept of locking the exchange rate. But I think it is more about being able to calculate the holiday budget with a greater degree of certainty, rather than making money on the foreign exchange fluctuations.

  13. #20
    Senior Member Sprucegoose's Avatar
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    re: Qantas Cash Card

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    Quote Originally Posted by Flying mermaid View Post
    Not if you use something like 28 degrees as your CC - I've used it recently in both Hong Kong and South Africa with no transaction fees. I just can't see the point of the cash cards except to lock in an exchange rate.
    Precisely, which is most important to some.



    Cheers

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    'Travel is fatal to prejudice, bigotry and narrow mindedness '- Mark Twain

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