Credit card reward programs can be a great way to get everyday and travel rewards but transferring points to a frequent flyer program is often a tricky process.
Many credit card providers, including ANZ, the Commonwealth Bank, Citibank and Suncorp, have their own rewards program so that cardholders can choose from a wide range of redemption options.
Unfortunately these kinds of cards are not usually 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 Qantas Frequent Flyer program, Singapore Airline’s KrisFlyer rewards or Virgin’s Velocity Rewards program.
With a Suncorp rewards card on hand people can earn one point per $1 on most purchases and make redemptions once 5000 points are accumulated.
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:
- Log onto the Suncorp Internet Banking site
- Select the credit card account
- Check the points balance
- Choose the “redeem” option; and
- Select the redemption partner you would like to transfer points to
For people who want to earn Qantas Frequent Flyer points, this process can not be used for other airline rewards, but the benefit is that platinum cardholders will be able to earn one Frequent Flyer point per $1 spent.
KrisFlyer and Virgin points, on the other hand, are offered at a lower rate when using the points transfer option, with 2 Suncorp Rewards points equalling one airline reward point.
The variety of rewards and redemptions 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.
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Tags: Credit, Points Credit
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