Earning 280,000 Qantas Points For Only $1048

I’ve noticed a few large points bonus offers on some credit cards lately and thought it’d be an excellent way to reach the 280,000 points required for the oneworld Classic Flight Award – the best bang for buck points use around I reckon.

A few months ago I explained how the award worked and how to find flights, but this post is how to get 280,000 points cheaply and easily. We do this by signing up for credit cards we don’t need! There’s some big points bonuses on offer at the moment, so it’s a great time to take advantage of them.

The onyl catch is that you need to be earning over $75,000/yr. This can be a mix of wages or investment income (like rent, dividends, bank interest, etc.) – just gotta make sure it’s something you can prove to the card issuer if they want proof.

The process is pretty simple. Apply for these cards and get the points on offer a few months after applying:

Qantas American Express Ultimate Card

ANZ Frequent Flyer Black

NAB Qantas Rewards Premium

  • 70,000 bonus points
  • spend $1,500 within 90 days to get the points
  • $250 annual fee
  • unsure of annual income requirement, probably $50k+
  • apply here, no affiliate link

Citi Qantas Signiature Credit Card

  • 50,000 bonus points
  • just need to make one purchase on the card witin 3 months
  • $348 annual fee
  • annual income of $75,000 required
  • apply here – Points Hacks gets a $250 kickback if you sign up

These four cards will get you 275,000 points all up, leaving you 5,000 points short. You need to spend $500 on the AMEX, $2,500 with ANZ and $1,500 with NAB to get the bonus points and these spends also earn you regular points as well as the bonus points. Using the QF AMEX, you’ll get 1pt/$1 on regular stuff so that’s 500 points. On the ANZ and NAB AMEX, you’ll get 1.5pt/$1 so a $2,500 spend is 6,000 points. There’s your 280,000 points.

For total out of pocket expense of $1048 (for card annual fees – the minimum spends for the bonus points don’t count – you’d have used that money anyways to buy stuff), you’ll get 280,000 points. An extra $1500 in taxes brings the total spend to around $2500. $2500 for 6 business class flights worth over $25,000. That’s a bargain I reckon.

Make sure to read my posts about the OWRTW award so that you can use your hard earned (hehe) points properly and understand the awesome deal on offer.

You’re probably thinking, “will this fuck up my credit history? I’m scared to apply for a credit card because credit cards are scary and I’m a little baby who’s scared of fine print and terms and conditions” Applying for cards and using them normally totally won’t damage your credit history.

Having credit isn’t a bad thing. It’s when you abuse that credit people care. Let’s say you apply for the cards and get them. You then proceed to get a loan for a car or a house and the bank sees you have four cards there – that doesn’t look good as to the bank as you already have a heap of credit and they won’t offer you a loan. This is why you cancel them before you go applying for loans, so the bank sees that you had the cards, used them properly and cancelled them.

If you go using the cards, maxing them out and you’re unable to pay them back, resulting in a default – you’re fucked then. But that’s your fault for spending money you don’t have. Don’t do that. Get the cards, pay them back on time before you incur interest and cancel them once your QF points come into your account.

If you get knocked back for a card, don’t go applying for more cards either. If there’s a lot of failed credit applications on your credit report, that looks bad and they don’t go away for a few years. It’s not the end of the world like a default, but more a question mark on your file for any potential lender – “hmm, why were they rejected? we dunno, but it looks suss”.

For more info on how your credit report works, check out this Choice article.

If you do end up taking a round the world trip using this method, shoot me an email, I’d love to know how you went!