Credit card reward programs can be lucrative but confusing, especially if you want to transfer points to a frequent flyer program.
Unfortunately, these kinds of cards aren’t favoured by people planning to use points for flights, especially not with so many frequent flyer reward cards available.
But Suncorp is one credit card provider that is bridging the gap between general and frequent flyer cards, giving reward cardholders the opportunity to transfer points to the Singapore Airline’s KrisFlyer rewards or Virgin’s Velocity Rewards program.
With a Suncorp rewards card on hand people can earn 1.25 points per $1 on most purchases and make redemptions as often as you like for a Reward that suits you.
Suncorp also makes it easier to earn points by allowing people to set up automatic bill payments from their card, so if you had $250 worth of bills in a month you would earn 250 points by simply paying for necessities.
To transfer these reward points to a frequent flyer program, cardholders will need to follow the steps below:
For people who want to earn Qantas Frequent Flyer points, the benefit is that platinum cardholders will be able to earn 0.5 Frequent Flyer points per $1 spent.
Flybuys, on the other hand, offers a lower rate when using the points transfer option, with 1.33 Suncorp Rewards points equalling one flybuys point.
The variety of rewards and redemption’s available can make credit cards with provider rewards a lot more appealing than specific frequent flyer cards, but if airline points are something being considered it is good to look into different point transfer methods.
With a Suncorp rewards card on hand it should be easy for anyone to get as much value out of rewards as possible and save up for flights or everyday rewards whenever they want.
Pauline is a personal finance expert at CreditCard.com.au, with 8 years in money, budgeting and property reporting under her belt. Pauline is passionate about seeing Aussies win by making their money – and their credit cards – work smarter, harder and bigger.
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