Fly and credit points to your account
Shop online via the Qantas Mall
Making a minor change to how you shop online could mean earning hundreds oreven thousands of points.
1. Log in to your Qantas account, find the store you want to buy from, click through and order as normal. 2. If everything tracks as it should — normally it does — your points will be credited to your account. 3. Points earned are in addition to those earned by using a credit card to pay.
It is worth keeping an eye on the mall since stores often run substantialoffers, boosting the number of points you can earn.
Pay your rent with a credit card using Rental Rewards or similar
You can use a third party intermediary service such as Rental Rewards to payyour rent with your credit card. Find out more about how this works here.
You can buy Qantas points directly from Qantas. There are limitations on howmany and how often you can buy points.
Ways to earn Qantas points without a credit card
Even if you don’t have a credit card, there are many ways to earn points.
Fly and credit points to your account
Fly with Qantas, one of the oneworld airlines, or a partner airline such asEmirates. Add your Qantas Frequent Flyer number to your booking and the pointsearned for flying will be credited to your Qantas account.
Book hotels and accommodation
* Qantas Hotels. Book a hotel stay with Qantas Hotels and earn points across a range of Australian and international hotels. * Partner hotels. Stay at a hotel operated by Accor, IHG, Hilton, Marriott Bonvoy, Radisson, or TFE, then convert points from your hotel rewards account to Qantas. * Airbnb. You can book Airbnb stays via Qantas, earning Qantas points for doing so.
Convert Uber Rewards points to Qantas points
Higher-tier Uber members can link their Uber Rewards account with QantasFrequent Flyer and convert Uber Rewards points to earn Qantas points.
Protect your home and property
Earn points on home and contents, home building, contents, landlord, andrenters insurance policies with Qantas Home Insurance.
Where you can use Zip
A growing number of stores are adding Zip Pay and Zip Money to their list ofaccepted payment methods, including big retailers such as Kmart, Target,Bunnings, Officeworks and Kogan.
Zip now has over 24,500 merchants across Australia and New Zealand and you canuse the service to buy all kinds of goods, from clothes to gift cards,pharmaceuticals to travel.
Zip also has a ‘Tap and Zip’ feature in Zip Pay that allows customers to shopwhere contactless payments are accepted by linking to Apple Wallet or GooglePay.
Zip interest and fees
Zip Pay swaps interest charges for flat fees. For every month there’s abalance owing, you’re hit with a $6 fee, which is equivalent to 7.3% interestannually on a $1000 debt (and the less you owe the higher the fees as apercentage of your debt). There’s no monthly fee if you have no balance owingat the end of the month.
If you miss a payment or don’t pay the minimum, you’ll be charged a $5 latefee.
So they may not call it interest, but the monthly fees can add up.
Zip Money on the other hand does charge interest. It’s classified as acontinuing line of credit, more like a credit card, and currently offers aninterest-free period of three months, and promotional periods between six and48 months depending on where you shop. After this a hefty interest rate of19.99% is applied – higher than many credit cards.
> With high fees and high interest, Zip Money has the potential to spiral out> of control
Zip Money also charges a $6 monthly fee. Add this to your high interest rateand things are starting to get expensive. And if you’re 21 days in arrears ofpayment you’ll get slugged $15.
If you don’t think you can pay off your items in the interest-free time periodyou might be better off with a low-interest credit card or personal loan. Orbetter yet, saving the money up in advance if it’s a non-essential item.
With high fees and high interest, Zip Money has the potential to spiral out ofcontrol if you get into financial strife, especially if your circumstanceschange.
2. Low minimum repayments can lead to long-term debt
With low minimum monthly repayments, it could take users of Zip Pay a longtime to pay off their debt. For example, if you owed $1000 on your Zip Payaccount and made only the minimum repayment of $40 a month, it would take 2.5years and cost you $174 in fees – and this assumes you didn’t add any otherpurchases to your account or miss a payment.
> Both Zip Pay and Zip Money will charge you a $15 dishonour fee if a payment> doesn’t go through, and this may be on top of a dishonour fee from your bank
Minimum repayments with Zip Money are scaled to the amount owing, starting at$40, and are either the amount stated on your contract or 3% of your balanceowing (whichever is greater).
Here’s a comparison between using Zip Money vs a low-rate credit card for a$1000 debt:
* If you owed $1000 with Zip Money and were being charged 19.9% interest and the $6 monthly fee, it would take you 3.5 years to pay off at $40 a month and cost you an extra $627 in fees and interest. * If you used a low-interest credit card, for example Westpac’s low-rate card which has an interest rate of 13.74% and a $59 annual fee, and repaid $40 a month, it would take you 2.5 years to pay off and cost $346 in fees and interest – $281 cheaper than using Zip Money.
BNPL regulation – draft voluntary code falls short
CHOICE has joined with other consumer groups to criticise the high cost ofBNPL products, including Zip Pay and Zip Money. The costs are ultimately borneby all consumers through increased prices, as merchant payment fees are builtinto the overall price of goods, and through payment of late fees and othercharges.
There are limited regulations for BNPL products, and consumer advocacy groupsincluding CHOICE have been calling for tighter consumer protections, includinga cap on costs in the same way that credit and debit costs are capped.
> We want to see products like Zip meet the consumer protections under the> credit law
In response to criticisms the sector is bringing in a voluntary code, but dueto the impact of COVID-19 this has been pushed back from mid-2020 to early2021.
We’ve also reviewed the draft version of the code and we think it falls short.It won’t deal with the high costs, inadequate hardship policies, oroverselling of credit to people who are already under financial pressure.
We think that BNPL products act just like credit, but they’re exploiting aloophole in the law that means they don’t need to comply with basic consumerprotections. We want to see products like Zip meet the consumer protectionsunder the credit law.