Frequent Flyer Points
June 29th, 2010
These days you will see many benefits being promoted with credit cards. You hear all sorts of terms being mentioned together with different cards such as fixed APR, low interest, balance transfers and many more.
But frequent flyer points would have to one of most well known rewards associated with a credit card. If you are not exactly sure what they are, you can read on to find out.
Frequent flyer points
When you are a member of the Qantas frequent flyer program you get rewarded with frequent flyer points. Credit cards that feature frequent flyer miles award you points for using your card to make purchases, whether it is for groceries, holidays, or virtually anything. Once enough of these points accumulate you can exchange them for rewards.
The value of the points differs according to which card you have. As an example, a basic card might offer 1 point per dollar spent, whilst a Gold card could offer 1.25 points per dollar, and a Platinum card could offer 1.5 points.
Another advantage of the frequent flyer program is that they have many associated partners which allow you to gain extra points when spending with the participating retailer. When you travel with Qantas or an affiliated company that promotes frequent flyer miles you will earn bonus points.
Types of Rewards
Frequent flyer points can be exchanged for a number of different rewards. These rewards are not just restricted to travel; they include upgrades, gift vouchers and many other goods or services.
- Travel vouchers and gifts – You can use your points in exchange for merchandise from the Qantas frequent flyer store or other affiliated outlets.
- Flight upgrades – Your points can be used to upgrade your seating allocation when you fly.
- frequent flyer store – The frequent flyer store has over 12,000 products in stock, ranging from everyday items to luxury items, so you can exchange your points for merchandise of your choice.
- Flight bookings – Exchange your points for flights.
- Exclusive club lounge – Gain entry to more than 250 member lounges all over the world.
From these descriptions alone you can see the benefits of frequent flyer points for those who like travelling. These cards are usually only available to individuals with a good credit history. There is also a minimum income level required. If you enjoy travelling, and like the sound of frequent flyer miles, you should take out a frequent flyer credit card.
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| Credit Card | Card Details | Interest Rate p.a. | Cash Advance Rate p.a. | Balance Transfer Rate p.a. | Annual Fee | Interest Free Days (Up To) | |
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