More than nine million people are members of the Qantas loyalty program, around two-thirds of them Australian. Source: news.com.au
QANTAS frequent flyers will be able to use their membership card to withdraw cash at ATMs, shop and earn points when new chip cards are rolled out later this year.
Bronze members of the program will also be able to use their card to check-in at airports and as a boarding pass - a service that is currently only available to higher tier cardholders.
More than nine million people are members of the airline's loyalty program, around two-thirds of them Australian.
The card is a pre-paid card - not a debit card or credit card - so users will be able to withdraw cash they have loaded onto it via transfer from their bank account or BPAY.
They will be able to load up to nine currencies on the card, lock in exchange rates and use it for shopping at places where MasterCard is accepted.
Qantas Loyalty CEO Lesley Grant said the new cards were one of the biggest leaps in innovation for the program since it launched 26 years ago.
''This new generation card will open the door to a lot of other uses through smart chip technology and the ability to integrate it with mobiles, meaning the sky really is the limit,'' she said.
MasterCard Australasia Division president Eddie Grobler said more Australians were preferring the convenience and security of using a card instead of cash.
''We are witnessing a growing trend in Australia, with consumers actively moving away from using cash in favour of electronic payments and card products,'' he said.
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