Contributed by Jeremy Cabral
If you’re not already using a business rewards credit card, you could be missing out on a range of travel perks including free flights and upgraded fares.
Even if you are using plastic to build up your frequent flyer point balance, there are a few ways to speed up the process and start enjoying the benefits.
As a fledgling Qantas Frequent Flyer, you’ll have a Bronze status, but there are also Silver, Gold, Platinum and Platinum One levels to be reached.
It takes 300 status credits to reach Silver status, equating to eight return economy flights from Sydney to Melbourne. Silver status earns as many as 50 per cent bonus points when flying, or double points if you reach Platinum status. Earn 500 credits in one year and you’ll also pocket 8,000 bonus points.
But, beware: if you’re paying increased prices for these items in the first place, you’re still losing out, no matter how many points you’re earning.
American Express is pretty generous in this department, offering a bonus 10,000 points with the Gold Business Card. Their Platinum Business Card offers new cardholders a huge 45,000 points, but remember: this comes with an annual fee of $1,500 a year, compared to the Gold Business Card’s fee of $80.
Your frequent flyer earn rate and balance isn’t the only feature your card has; its main purpose is to allow you to spend. Take into account the rates and fees you’re paying, and ensure earning rewards points isn’t why you’re spending in the first place.
About the Author
Jeremy Cabral is the publisher of credit card comparison website CreditCardFinder. His mission is to make CreditCardFinder.com.au a remarkable credit card comparison that Australians share with their friends, colleague and family.