I completed a Red Planet Research survey today titled Money, which covered the usual topics, but then came back to Home Loans and if 250k Qantas Points for taking out a home loan would be an incentive (another offered the same points plus cash back).
Has anyone else taken the survey or heard rumors about Qantas partnering with or getting involved in home loans.
It is not uncommon for financial institutions and banks to offer credit cards in with Mortgage packages,
often these will include an X number of points teaser to get you in.
The points would likely (but not guaranteed) come with a credit card attached to a mortgage package...
This isn't new. Qantas partnered with Macquarie Bank for years with home loans. I had one for over a decade. Got 100,000 QFF points on approval and then one point per dollar on monthly repayments. No requirement for a credit card to be part of the package.
Last editedby John Phelan at Apr 30, 2018, 06:29 PM.
This isn't new. Qantas partnered with Macquarie Bank for years with home loans. I had one for over a decade. Got 100,000 QFF points on approval and then one point per dollar on monthly repayments. No requirement for a credit card to be part of the package.
Last edited
by John Phelan at Apr 30, 2018, 06.29 PM.
Did you perceive at the time that interest rate and any other features was competitive? A variable not fixed loan I assume.
Were there any restrictions that added to costs for borrowers?
That's my caution with all these third party deals - a suspicion that if we take them up we pay a fair bit more than we should, and so the benefit of in this case 100,000 FF points becomes illusory.
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Qantas getting into Home Loans?
MaximillianW
MaximillianW
Qantas - Qantas Frequent Flyer
Member since 14 Dec 2016
Total posts 48
Hi,
mviy
mviy
Member since 05 May 2016
Total posts 322
Interesting idea. If the interest rate is not competitive it would probably be bad value for money though.
MRYJDrake
MRYJDrake
Air New Zealand - Airpoints
Member since 31 Oct 2016
Total posts 206
It is not uncommon for financial institutions and banks to offer credit cards in with Mortgage packages, often these will include an X number of points teaser to get you in. The points would likely (but not guaranteed) come with a credit card attached to a mortgage package...
Red Cee
Red Cee
Member since 15 Feb 2018
Total posts 151
All I can say, is watch the fine print, and be careful on what you sign up for.
John Phelan
John Phelan
Qantas - Qantas Frequent Flyer
Member since 28 Oct 2011
Total posts 262
This isn't new. Qantas partnered with Macquarie Bank for years with home loans. I had one for over a decade. Got 100,000 QFF points on approval and then one point per dollar on monthly repayments. No requirement for a credit card to be part of the package.
brettepi
brettepi
Member since 10 Jul 2017
Total posts 86
if you miss a payment you get thrown out of the emergency exit
Traveller14
Traveller14
Member since 17 Sep 2015
Total posts 73
This isn't new. Qantas partnered with Macquarie Bank for years with home loans. I had one for over a decade. Got 100,000 QFF points on approval and then one point per dollar on monthly repayments. No requirement for a credit card to be part of the package.
Did you perceive at the time that interest rate and any other features was competitive? A variable not fixed loan I assume.