Earn Loads of Qantas Points Using Pre-paid EFTPOS & Visa Gift Card Promos

26th June, 2024

Looking to bump up your Qantas frequent flyer points balance with minimal effort? Load up on pre-paid Visa or EFTPOS gift cards whenever Woolworths has a promotion, using your American Express Platinum card, and use these pre-paid cards wherever AMEX isn't accepted.

The promos are usually 10x Everyday Rewards points for every dollar spent, you can put a max of $500 on the card, and the card has an activation fee of $7.95 - which normally would be a bad idea but it's worth spending that $7.95 in this situation because the points on offer are so good.

Take this example:

Compare this to simply using a good Visa that has 1 QF point per dollar (rare to find without some sort of monthly cap these days!)

So even though you're spending $7.95 more by buying the gift card versus just putting it through the Visa, you're earning 2,571 more points. You're spending $7.95 to "buy" 2,571 points - or 323.4 points per dollar.

One of the best bang for buck QFF point redemption is a Classic Award business class international flight. For example a MEL-HKG return business class ticket on a QF flight is 136,800 + $300 fees, or if I buy the same ticket in cash, $4,400.

To get enough points for that flight, I'd need 45x $500 gift cards. That would cost me $357.75 in card fees, but I'd have 138,195 points. All up I'd be out of pocket $657.75 once I pay for taxes & fees for the Classic Awards redemption via Qantas, but in return I get a $4,400 business class airfare. I'm getting a business class return flight to Hong Kong for just $660.

You probably don't want to buy 45 gift cards all at once, as you'd be left with $22,500 of cards lying around which is a pain in the arse, but Woolworths runs this promo every few months so you can buy a few cards each time you need them. It's also part of your overall points earning strategy, it doesn't need to be the only way you earn points. Ideally you'd be earning points without spending any extra money at all!

If you're unimaginative and unsure how to use these Visa or EFTPOS pre-paid cards, here's some ideas:

One downside of using pre-paid cards regularly is you end up with lots of cards with little balances that are difficult to use.

Would be awesome if there was a website that let me enter the card numbers and do a bulk donation to charity or something just to use these up (even better if there's a tax deduction for it).