How to earn Qantas Points with your transaction account

Credit cards aren’t for everyone, a bit like lactose and gluten. Thankfully, there are options out there for all the credit card-intolerant people who still want to earn Qantas Points on their purchases to help their dollar go a bit further. The best alternative to a Qantas Points earning credit card is a transaction account that earns Qantas Points on eligible transactions or the money in your account. These are available in partnership with select Australian banks and credit unions.

What is a transaction account?

Transaction accounts are also referred to as a ‘checking account’, it’s an everyday bank account that you can use for frequent banking and purchases like groceries, bills, movie tickets, transport and more. You can also transfer money in and out of your transaction accounts, like your savings account.

Can I earn points with my transaction account?

Yes - there are transaction accounts in the market that you can earn Qantas Points on. Check our banking page to see the current products available so you can start earning points with your everyday banking.

How do I earn points with my transaction account?

Earning Qantas Points through a transaction account that earns Qantas Points is easy, though the way you earn the points varies product by product. The first step is to open an account with a participating bank or credit union. Once your account is open, you’re usually able to earn points on:

• Your account balance

• Your debit card transactions

• Overseas ATM withdrawals

Earning Qantas Points with a transaction account vs credit card

When you have a Qantas Points earning credit card, you’re able to earn points on every eligible purchase you make. While with a transaction account, you’re able to earn points not only through purchases on your debit card but also when you make ATM withdrawals overseas and on your account balance. Both will have an earn rate stated - that is the number of points you earn for each dollar. Make sure you check these as well, because while a transaction account may have more ways to earn points, you may earn less points per dollar. They are both ideal ways to earn points, but one might suit your spending habits better.

Are there other benefits to having a Transaction Account that earns Qantas Points?

Other than being able to help you earn Qantas Points, some banks also offer:

• Waiving the monthly maintenance fee with a minimum monthly deposit

• No foreign transaction fees

• Liability protection 

Earning Qantas Points isn’t limited to credit cards anymore — welcome to a transaction account that earns Qantas Points. Find out which Qantas Points earning transaction accounts is right for you.