Uncapped Qantas rewards
Uncapped Qantas rewards
With Rewards Plus you can earn Qantas Points based on your loan balance. And best of all, Rewards Plus offers you uncapped points potential.
Assume your variable rate loan is $240,000. In this scenario, approximately 263 Qantas Points accrue for the day (40,000 points multiplied by $240,000 divided by $100,000 divided by 365 days in the year).
If your variable rate loan remains at $240,000 for a month, the Qantas Points awarded for the month will be around 7,890 (263 points per day multiplied by 30 days in the month, assuming that month has 30 days).
The higher your loan balance, the more Qantas Points you could earn – meaning you could be taking off to many destinations around the world.
And best of all, Rewards Plus offers you uncapped points potential.
Things you should know
Gearing involves risk. It can magnify your returns; however, it may also magnify your losses. Issued by Leveraged Equities Limited (ABN 26 051 629 282 AFSL 360118) as Lender and as a subsidiary of Bendigo and Adelaide Bank Limited (ABN 11 068 049 178 AFSL 237879). Information is general advice only and does not take into account your personal objectives, financial situation or needs. The views of the author may not represent the views of the broader Bendigo and Adelaide Bank Group of companies (“the Group”). This information must not be relied upon as a substitute for financial planning, legal, tax or other professional advice. You should consider whether or not the product is appropriate for you, read the relevant PDS and product guide available at www.leveraged.com.au, and consider seeking professional investment advice. Not suitable for a self-managed superannuation fund.
Examples are for illustration only and are not intended as recommendations and may not reflect actual outcomes. Past performance is not an indication of future performance. The information provided in this document has not been verified and may be subject to change. It is given in good faith and has been derived from sources believed to be accurate. Accordingly no representation or warranty, express or implied is made as to the fairness, accuracy, completeness or correction of the information and opinions contained in this article. To the maximum extent permitted by law, no entity in the Group, its agents or officers shall be liable for any loss or damage arising from the reliance upon, or use of the information contained in this article.