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- You can now earn frequent flyer points on your personal loan
You can now earn frequent flyer points on your personal loan
Most Australians are familiar with rewards credit cards, where you can earn points on your spending that can be redeemed for airline tickets or other benefits. But an Australian fintech may now allow Australians to earn reward points on personal loans.
Symple Loans has announced a new partnership with Qantas Frequent Flyer that will allow customers to earn 1 Qantas Point per $1 borrowed, up to 50,000 Qantas Points, when approved for a personal loan. According to Symple Loans, this is the first alliance of its kind between an airline and a fintech lender in Australia.
Current Symple Loans customers may also be able to earn Qantas Points by topping up their loans, though only on the extra top-up amount, not their already outstanding balance.
This could theoretically allow Symple customers to take out a personal loan to help pay for a holiday, or a car or caravan for a road trip, then use the Qantas Points to help cover the costs of future flights, accommodation, or other travel rewards as part of the program.
Australians can also earn Qantas Rewards or other points from financial products that participate in reward programs, including credit cards and home loans. Before signing up for any financial product, it’s important to compare the interest rates, fees, features and other benefits of the available options and consider which offer may offer you the most value in your personal financial situation.
Disclaimer
This article is over two years old, last updated on June 9, 2021. While RateCity makes best efforts to update every important article regularly, the information in this piece may not be as relevant as it once was. Alternatively, please consider checking recent personal loans articles.
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Product database updated 23 Oct, 2024
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Promoted personal loans
Low Rate Personal Loan Unsecured (Excellent Credit) - $5,000-$75,000
Real Time Rating™
- 2024 Award Winner
- 1 to 7 years
- Unsecured
- Fixed Rate
Interest rate p.a.
6.57%
up to 8.48%
Comparison rate* p.a.
7.19%
up to 13.58%
Australian Credit Licence 488228
Fees & charges apply
Unsecured Personal Loan (Excellent Credit)
Real Time Rating™
- 3 to 7 years
- Unsecured
- Fixed Rate
- No ongoing fees
Interest rate p.a.
7.24%
up to 9.39%
Comparison rate* p.a.
7.24%
up to 10.31%
Australian Credit Licence 286596
Fees & charges apply
Secured Personal Loan (Excellent Credit)
Real Time Rating™
- 3 to 7 years
- Secured
- Fixed Rate
- No ongoing fees
Interest rate p.a.
6.66%
up to 9.01%
Comparison rate* p.a.
7.09%
up to 10.02%
Australian Credit Licence 466327
Fees & charges apply
Unsecured Personal Loan (Excellent Credit) (Amount > $5000)
Real Time Rating™
- 2024 Award Winner
- 3 to 5 years
- Unsecured
- Fixed Rate
Interest rate p.a.
5.76%
up to 24.03%
Comparison rate* p.a.
6.55%
up to 24.99%
Australian Credit Licence 474726
Fees & charges apply
Product data updated on 23 Oct 2024
