Chillmyster, in my opinion that is the best scenario for the use of these cards. The exchange rate i

These prepaid travel vancouver canada apartment rentals money cards supporting a fistful vancouver canada apartment rentals of foreign currencies for use overseas as well as a central Aussie dollar wallet for day-to-day use here at home and the opportunity to earn points with every swipe of the plastic.
Because the travel money functionality is included in each airline s latest vancouver canada apartment rentals frequent flyer card, most of us will end up carrying both the Qantas Cash and Virgin Australia Global Wallet cards in pocket or purse with the option to use either or indeed both as the need arises.
The points-earning capability is also the same: you ll earn one Qantas or Velocity point for the equivalent of every Aussie dollar spent in foreign currency (including online), vancouver canada apartment rentals and one point for every two dollars spent in Australia.
However, the Virgin Australia card lets you access only five of these virtual wallets at any time and as the Australian wallet must always remain active, that limits vancouver canada apartment rentals you to four foreign currency wallets on the go.
It s not a major impost for travellers who fly to just one or two countries, but the more you hop around the globe the more you ll appreciate that the Qantas Cash card lets you store cash in as many wallets as you want.
Both Qantas Cash and Virgin Australia Global Wallet can be loaded with money using the BPAY or POLi systems, although these take 2-3 days to process there s no way to instantly get money into your card.
However, Qantas Cash offers a little extra flexibility vancouver canada apartment rentals by allowing you to temporarily change the default wallet so that a BPAY or POLi funds transfer will be directed straight into that account saving you the trouble of having to shuffle vancouver canada apartment rentals the money around.
vancouver canada apartment rentals This is unique to Virgin Australia s Global Wallet, and it s a feature vancouver canada apartment rentals we think will be appreciated by many online shoppers who are careful with or concerned about the security of their card s details.
In other words, you can create a virtual card to place one large online shopping vancouver canada apartment rentals order, and once that s fulfilled, delete the card to ensure that even if the details were captured by somebody, they couldn t use them to buy more goods on your account.
Pulling out US$ comes with a $1.95 fee under your Qantas vancouver canada apartment rentals Cash card but attracts vancouver canada apartment rentals $2.95 with Virgin; and while Virgin Australia s Global Wallet charges 2 and 2 for an ATM cash-out in those currencies, Qantas pegs the fee at a lower 1.50 and 1.25.
Anyone planning on using these, consider the Citibank Plus Transaction Account. No fees for foreign transactions, nor withdrawals at any Citibank ATM worldwide (there are heaps), and no fees for anything else (pretty much).
vancouver canada apartment rentals I used to bank with Ciitbank and they were great until something went wrong... it took me months to get them to fix the issues. vancouver canada apartment rentals So I'll never bank with them again. Granted that 99.9% will bank with them without dramas.
vancouver canada apartment rentals great article. i have now have both cards, but i think QFF points are so much more valuable that velocity's. it's a no brainer for me on that alone, so it's good to know that the exchanges and fees from Qantas are better.
I'm interested in the expiry dates of the credit card functions of the two cards. I have run into a problem with the Velocity program at the moment because I am travelling to europe from the middle of this month until the middle of october. The review date on my card was the 24th of August, so the expiry date of platinum benefits is set for the 24th of September. I have racked up enough SCs to re-qualify but under virgin's application of the travel money card, the credit vancouver canada apartment rentals card side of the card also expires vancouver canada apartment rentals in september. After calling them to query this the call centre said that even if they issue a new card now, the expiry date for the travel money card will remain as September vancouver canada apartment rentals 2013. They said I have to wait until after september 24th before vancouver canada apartment rentals the expiry date of the travel card can be updated (when I will already be in Europe).
Minor quibble, but I'm not sure "feet-first" applies to this rather late entry to the international vancouver canada apartment rentals multiple currencies loadable card market. These products have been around for a while, post-paid even longer, so both Virgin and Qantas have come late to the party. That said, combining a airline status card and a flexible loadable currency card is a new trick, vancouver canada apartment rentals and offers both airlines new revenue streams from kickbacks from card operators. I'll still stick with my 28 degrees card, as its hard to bet for exchange rate conversion.
does your card expire the same time your membership tier expires? And if you are given a new card due to a drop in tier, will the money on that card be transferred onto your new card? Or will you lose your money on that card?
As for Qantas vs Virgin winning the forex rate above, I wouldn't say Qantas won that. If you converted A$10k Aussie, at the rates noted above you would get:US: Qantas vancouver canada apartment rentals $8,677 against Virgin $8,627 (Qantas wins $50) : Virgin 6,534 against Qantas 6,465 (Virgin wins 69) : Virgin 5,545 against Qantas 5,526 (Virgin wins 19)
By the time you've added in Virgin's slightly higher fees (and the $1 top-up is obviously negligible when considering rate differences), chances are the two cards will come out about equal. Virgin then better vancouver canada apartment rentals if you go to Thailand, vancouver canada apartment rentals Qantas better if you go to more than 4 different currency countries. I would call this one a draw.
Also as already mentioned, the downside with those cards however is that you're not locking in rates - which I'll be the first to put my hand up and say has cost me over the last few months, but that's just bad luck as far as timing goes (it doesn't happen vancouver canada apartment rentals too often that the AUD drops 10% in such a short period).
If you're putting enough into the Virgin/Qantas cards to last many months ahead, the poorer exchange rates and fees may be worth it. But if you're going on a quick 2-4 week hop, I would continue to take my chances on the AUD.
I am heading to Europe mid next year for 12+weeks holiday. The qantas card looks pretty good to buy euro now and leave there till I leave, I have money in an account saved so would only lose on interest but may gain it back on locking the cash rate and the long term projection maybe for the euro to drop further (maybe high 50s).
Chillmyster, in my opinion that is the best scenario for the use of these cards. vancouver canada apartment rentals The exchange rate isn't as good as some credit cards that are marketed specifically vancouver canada apartment rentals for overseas travel (eg 28 degrees), but you are locking in the rate. If you are happy to part with your AU$ now, to hedge against risk of the AUD going lower again before you go away next year, then the cost of the current rate offered by Qantas/Virgin (vs today's market spot rate) is worth it. Particularly given you're going for 12+ weeks - so you'll no doubt have a fairly sizeable amount of cash to need to convert.
Chillmyster vancouver canada apartment rentals : working that far ahead, it's all about the risk - will the Euro indeed head south by then, or might it enjoy an uptick over the current rate (at which you could buy up big) before dorpping again? It's all about the risk!
Well now that's crystal ball stuff!! If anyone knew for sure where the dollar was going to go in the next year, they would become very very rich. Having said that, the Reserve Bank has publicly made it clear that they think the AUD is too high, so if it doesn't come down by itself they'll try to bring it down - but they can only do so much, the market is stronger than they are.
I just received my new QF card in the mail today, and the only problem with what appears to be a genuinely useful product is that you can't change the PIN number on the card. I've been able to change all my other pre-paid card's PIN's (including Virgin's). I even called the service centre and they confirmed it couldn't be done. Irritating.
My partner received a pre-offer as a Qantas Club Member... As we were going to the USA for 4 weeks, we wanted to lock in the exchange rate and the PDS stated we could use the card for purchases anywhere MasterCard was display... We previously have used Cash Password vancouver canada apartment rentals without any problems... So being loyal to Qantas we decided to support the Qantas Card Card...
In short, our card was scammed within 12 days and we were ripped off USD $1308....leaving us with only $197 in CASH which we could not access because the card was voided. In other words we then had to use our credit cards for the rest of the holiday incurring further exchange and bank fees.
When contacting the QANTAS worldwide vancouver canada apartment rentals number on the Card it took us nearly an hour to sort out what was happening.. result = international telephone bill from hotel USD $174... that's becuase the worldwide vancouver canada apartment rentals number is an australian numner vancouver canada apartment rentals !!!! - Ridiculous !!!
In addition, we found on our intial attempt to use the card, the card did not work at all merchants displaying mastercard facility as stated in the offer document....which meant we had to use our credit card... we got wise and then withdrew cash from the card to cover this up to the date it was scammed....( I guess this was just as well otherwise we would have been scammed for more money)
We lodged the appropriate claim form with QANTAS when we got back including a request for reimbursement of the telephone and additional credit card charges vancouver canada apartment rentals we incurred plus the loss of frequent flyer points on purchases (also a stated vancouver canada apartment rentals benefit on using the card for merchant purchases)....
QANTAS's response... repaid amount scammed, no apology, did not reimburse anything else.... vancouver canada apartment rentals We now have to pay an additional fee of 3% to get our money off the card (thats where they put the reimbursement)....
Well done QANTAS.... they issued a card that was completely unsecure then think by simply reimbursing the scammed amount they have satisfied there legal requirement. Not so QANTAS.... ASIC A Curent vancouver canada apartment rentals Affait here we come... False and Misleading Statements in the PDS and no international contact facilities costing clients financial loss when things go wrong)...