Earn up to 110 Qantas Status Credits on the ground

[ChrisMars]

That's what we don't know - not mentioned, but also not excluded. Waiting on the first person to cross over 1K credited in Oct to find out.

Which category does the survey falls into?

 

[tanahflyer]

That is what the market is expecting, in particular:



However, the problem is, how can you engage Chinese and Indians, the two largest races in Australia to Qantas Frequent Flyer program, if status is useless in China, Taiwan and India?

Also how would Qantas status engage the emerging New Zealanders travelling public when they don't get anything when flying domestically within NZ?

I suppose that is something Qantas should consider about.

This is something i’d be very interested in as someone who isnt based in Australia - a lot of the “on the ground” activities just aren’t viable for me. The closure of 3K too.

Alaska Atmos seems to be giving 20% more SCs for flights starting/ending outside the US.

 

[33kft]

However, the problem is, how can you engage Chinese and Indians, the two largest races in Australia to Qantas Frequent Flyer program, if status is useless in China, Taiwan and India?

Also how would Qantas status engage the emerging New Zealanders travelling public when they don't get anything when flying domestically within NZ?

What are you talking about? How is oneworld status useless in those countries? And what do you mean when you say "don't get anything flying domestically within NZ"?

Also, anyone who equates a reduction in credit card points based on spend with the end of points earn entirely is getting the wrong end of it. I earn way more from other venues. Firstly, credit card bonuses aren't spend based, they're customer acqusition fees. They aren't going away. Yes interchange fees are going away, but banks still make money on other things - loans for example. They'll just switch to offering points for other activities that result in revenue for them. Points are not dead just because one source of earn is impacted.

And if the challenge is being outside of Australia limits your points earn potential, cmon. Who is paying Qantas for the points? You think some business in Abu Dhabi gives a toss about buying Qantas points? Pick your program based on where your spend goes, it's pretty simple.

 

[TheCollecter]

the emerging New Zealanders travelling public

Like Kiwi's have never traveled before? I do understand that they can't even get a bird off the ground, but seriously?

 

[levelnine]

Firstly, credit card bonuses aren't spend based, they're customer acqusition fees. They aren't going away. Yes interchange fees are going away, but banks still make money on other things - loans for example. They'll just switch to offering points for other activities that result in revenue for them. Points are not dead just because one source of earn is impacted.

You severely underestimate the importance of interchange to the points ecosystem.

A reduction in interchange reduces the margins on credit cards as a product category for banks, so there is less incentive to offer sign-up bonuses to acquire new customers in the first place. Just look at the sign-up bonuses in the UK (among many other examples) to see what is in store for Australia.

And the market and economic dynamics of other products (eg home loans) are completely different from credit cards, which is why so few have any rewards scheme attached to them.

 

[joelby]

Has anyone had Qantas Hotels credit? I got my SC offer registration email on the 3rd, and then on the 5th I received points for a hotel stay back in September. No SCs yet though.

 

[dairyfloss]

Has anyone had Qantas Hotels credit? I got my SC offer registration email on the 3rd, and then on the 5th I received points for a hotel stay back in September. No SCs yet though.

It’s based on the activity date, not the points posting date, so if activity from September it won’t count

 

[dairyfloss]

Which category does the survey falls into?

They get posted under ‘phone, utilities & services’

 

[joelby]

It’s based on the activity date, not the points posting date, so if activity from September it won’t count

Thanks, I was worried that might be the case. Back to the hotel I go!

 

[33kft]

A reduction in interchange reduces the margins on credit cards as a product category for banks, so there is less incentive to offer sign-up bonuses to acquire new customers in the first place.

We know almost exactly what this represents, per ACCC breakdowns:

• Interest on Balances: Approximately 50% of revenue comes from the net interest margin. This is the profit made from the interest charged to customers who carry a revolving balance on their cards, minus the bank's own cost of funding that money.
• Interchange Fees: Approximately 33% of revenue is derived from interchange fees. These are the fees paid by a merchant's bank to the cardholder's bank for each transaction.
• Other Fees: The Remainder (around 17%) is made up of other charges to the cardholder, such as annual fees, late payment fees, and fees for cash advances.

So they're looking at going from a weighted average 0.5% to a hard cap of 0.3% for a fee that impacts about a third of the bank's revenues for card products. It's estimated they'll collectively lose out on $900m of revenue per year. They'll have to reduce bonus points and raise annual fees, sure. They have had plenty of practice there over the last few years.

How is that the death of airline points, exactly? You say I underestimate the impact, tell me - how's that reduction in revenue going to lead to the death knell for the points ecosystem? Assuming $800m of that $900m is attributable to the big 4 (generous), we're talking $200m each. ANZ have paid more than that just in fines this year, plus another bil in capital set aside for non financial risk. Did they kill all incentives on their card products to fund it?

Just look at the sign-up bonuses in the UK (among many other examples) to see what is in store for Australia.

It's more false equivalence, like the whole song and dance about Qantas going revenue based because of the US carriers. You can't say look at the UK credit card bonus landscape vs Australia's when it never had the same bonus offerings in the first place.

I just wish I could cite some sort of commentary on this. Comparing Australia's airline duopoly to EU and US markets constantly just results in the same issue, they're not equivalent markets.

 

[moa999]

Half an hour on IHG WhatsApp to I think transfer 10k points for 2k Qantas miles...

Might have been quicker if I had first switched my earning preference to QF (they had issue with my 7 digits number).

Will switch it back once points hit QF.

Very weird chat. After telling my it would earn 2000 miles and take 14-21 days.
After sending them they then asked me to confirm they had been received. and then got confused when I said I could see the deduction in IHG but nothing in QF.

 

[exceladdict]

Half an hour on IHG WhatsApp to I think transfer 10k points for 2k Qantas miles...

Might have been quicker if I had first switched my earning preference to QF (they had issue with my 7 digits number).

Will switch it back once points hit QF.

Very weird chat. After telling my it would earn 2000 miles and take 14-21 days.
After sending them they then asked me to confirm they had been received.

Interesting. Mine took a week, for reference. Transferred on 3rd, landed on 10th.