Bank of Melbourne Qantas Rewards cards – loan
Bank of Melbourne Qantas Rewards cards up to $40 000
Loan amount
$6,000 – $40,000
Interest from
19.74%
Term
1 – 60 months
Approval
24 hours
Applying does not commit you to a contract.
Properties of this loan
- Bank of Melbourne Qantas Rewards cards up to $40 000
- Term 1 - 60 months
Bank of Melbourne's Qantas Rewards cards, part of the Westpac Group, earn Qantas Points on everyday spending and are aimed at cardholders who want to accumulate frequent flyer points through regular spending, typically alongside an annual fee and a minimum income requirement for the higher tiers.
✓ Pros
- Earns Qantas Points on everyday spending
- Welcome bonus point offers often available for new cardholders
- Backed by the Westpac Group's fraud protection
- Complimentary insurances on some tiers
✗ Cons
- Annual fee applies and rises with premium tiers
- High purchase/cash advance rate if the balance isn't paid in full
- Points value can change over time
How to apply
- Choose your card
- Apply for your card
- Wait for approval
- Get the card
Loan requirements
- ✓ 18 years or older
- ✓ Australian resident for tax purposes
- ✓ Regular income
- ✓ Satisfactory credit check
- ✓ No current default or bankruptcy in some cases
Frequently asked questions
24 hours
The minimum loan amount at Bank of Melbourne Qantas Rewards cards is $6,000.
About Bank of Melbourne Ltd
| Company | Bank of Melbourne Ltd |
|---|---|
| Address | 52 Collins St, Melbourne VIC 3000 |
| Website | https://www.bankofmelbourne.com.au |