1 00:00:00,640 --> 00:00:00,960 Speaker 1: Hello. 2 00:00:01,520 --> 00:00:05,000 Speaker 2: My name's Santasha Nabananga Bamblet. I'm a proud yr the 3 00:00:05,120 --> 00:00:08,720 Speaker 2: Order KERNI Whoalbury and a waddery woman. And before we 4 00:00:08,800 --> 00:00:11,440 Speaker 2: get started on She's on the Money podcast, I would 5 00:00:11,480 --> 00:00:14,480 Speaker 2: like to acknowledge the traditional custodians of the land of 6 00:00:14,520 --> 00:00:18,640 Speaker 2: which this podcast is recorded on a wondery country, acknowledging 7 00:00:18,680 --> 00:00:22,560 Speaker 2: the elders, the ancestors and the next generation coming through. 8 00:00:23,040 --> 00:00:27,120 Speaker 2: As this podcast is about connecting, empowering, knowledge sharing and 9 00:00:27,200 --> 00:00:30,560 Speaker 2: the storytelling of you to make a difference for today 10 00:00:31,040 --> 00:00:32,599 Speaker 2: and lasting impact for tomorrow. 11 00:00:33,280 --> 00:00:34,080 Speaker 1: Let's get into it. 12 00:00:34,760 --> 00:00:54,040 Speaker 3: She's on the Money, She's on the Money. 13 00:00:57,800 --> 00:01:00,880 Speaker 1: Hello, and welcome to She's on the Money, the podcast 14 00:01:00,960 --> 00:01:04,560 Speaker 1: Millennials who want to Financial Freedom. My name is Jessica 15 00:01:04,640 --> 00:01:09,280 Speaker 1: Ricky and as always I am joining finance expert Victoria Devine. 16 00:01:09,480 --> 00:01:12,840 Speaker 1: Hello is jessicari G. How are you You say your name? 17 00:01:12,920 --> 00:01:13,440 Speaker 1: Really weird? 18 00:01:13,560 --> 00:01:13,840 Speaker 3: Do I? 19 00:01:14,040 --> 00:01:14,240 Speaker 2: Yeah? 20 00:01:14,240 --> 00:01:17,640 Speaker 1: You don't say it correctly? Not Ricky. Come on, someone 21 00:01:17,680 --> 00:01:19,559 Speaker 1: actually DMed me the other day. We went to school 22 00:01:19,560 --> 00:01:20,800 Speaker 1: together and she's like, I didn't know that was how 23 00:01:20,840 --> 00:01:22,880 Speaker 1: you said your name, And I'm like, I mean potato, Potato, 24 00:01:22,959 --> 00:01:26,680 Speaker 1: it's the same same. But if somebody calls me Victoria Devine, 25 00:01:26,800 --> 00:01:28,920 Speaker 1: I get real salty. So I don't know how you 26 00:01:28,959 --> 00:01:31,600 Speaker 1: don't get salty. And the fact that peer pressure has 27 00:01:31,600 --> 00:01:34,160 Speaker 1: gotten you to a point where you literally just accept 28 00:01:34,319 --> 00:01:37,600 Speaker 1: the wrong version of your name because it's easier. She's 29 00:01:37,600 --> 00:01:39,640 Speaker 1: a doormat. What can we say? But today we're not 30 00:01:39,680 --> 00:01:42,840 Speaker 1: talking about me. We are talking about points hacking, which 31 00:01:42,880 --> 00:01:44,960 Speaker 1: is kind of fun. Is this real left field for 32 00:01:45,040 --> 00:01:46,880 Speaker 1: she's on the money, I know. And it's not what 33 00:01:46,920 --> 00:01:48,880 Speaker 1: you think. V It's not an episode about getting your 34 00:01:48,880 --> 00:01:51,960 Speaker 1: rewards points stolen? Am I run? No, It is not 35 00:01:52,160 --> 00:01:55,320 Speaker 1: about that. Albeit if you want to donate your Velocity 36 00:01:55,360 --> 00:01:58,600 Speaker 1: points to me, you're more than welcome to. It's actually 37 00:01:58,600 --> 00:02:02,480 Speaker 1: about maximizing the benefits of your points to get free stuff, 38 00:02:02,600 --> 00:02:05,400 Speaker 1: which is obviously a money win for things like flights 39 00:02:05,440 --> 00:02:09,320 Speaker 1: and upgrades and hotels and household goods and Jessica, you 40 00:02:09,520 --> 00:02:13,240 Speaker 1: literally got a free entire kitchen aid. So we're gonna 41 00:02:13,280 --> 00:02:16,160 Speaker 1: talk about that. We absolutely are. And with many of 42 00:02:16,200 --> 00:02:19,359 Speaker 1: the biggest programs based around credit cards, I do want 43 00:02:19,360 --> 00:02:22,040 Speaker 1: to preface something at the very top of this episode. 44 00:02:22,080 --> 00:02:25,640 Speaker 1: We always, always, always say that credit cards are not 45 00:02:25,680 --> 00:02:28,880 Speaker 1: for everybody. In fact, listen back to our most recent episode, 46 00:02:28,919 --> 00:02:31,280 Speaker 1: it was on September twenty eighth, on the pros and 47 00:02:31,360 --> 00:02:34,640 Speaker 1: cons of credit cards before going any further into this episode, 48 00:02:34,880 --> 00:02:37,919 Speaker 1: because we're not here to promote you getting a credit card, 49 00:02:38,160 --> 00:02:40,480 Speaker 1: but there are so many people in our community who 50 00:02:40,600 --> 00:02:43,640 Speaker 1: have questions about points, and when you ask, we deliver 51 00:02:43,840 --> 00:02:46,560 Speaker 1: one hundred percent. So for those who are inclined and 52 00:02:46,600 --> 00:02:48,400 Speaker 1: do want to know more, we know that tons of 53 00:02:48,400 --> 00:02:50,720 Speaker 1: people in our community are always talking about the best 54 00:02:50,760 --> 00:02:52,680 Speaker 1: way to leverage their points, which is what we're going 55 00:02:52,760 --> 00:02:55,200 Speaker 1: to chat all about today. And look, it's not about 56 00:02:55,360 --> 00:02:58,320 Speaker 1: changing what you buy, how much you spend, or signing 57 00:02:58,360 --> 00:03:00,600 Speaker 1: up for something that you actually can't forward. We don't 58 00:03:00,600 --> 00:03:02,400 Speaker 1: do that in this house. It is not an option. 59 00:03:02,960 --> 00:03:05,120 Speaker 1: This is about looking at these systems to see if 60 00:03:05,160 --> 00:03:07,760 Speaker 1: there's a way of them not only suiting you, but 61 00:03:07,919 --> 00:03:11,360 Speaker 1: benefiting you. And today's an introduction to how some of 62 00:03:11,400 --> 00:03:15,040 Speaker 1: these systems operate and where you can get more information. Now, 63 00:03:15,120 --> 00:03:18,240 Speaker 1: these deals are changing all the time, so the best 64 00:03:18,240 --> 00:03:20,680 Speaker 1: thing that you can actually do is just check yourself. 65 00:03:20,840 --> 00:03:23,480 Speaker 1: We will link a few point hack sites that have 66 00:03:23,560 --> 00:03:26,720 Speaker 1: really good information and cross comparisons of credit card perks 67 00:03:26,720 --> 00:03:29,960 Speaker 1: and loyalty programs for you. These sites will also list 68 00:03:30,040 --> 00:03:32,040 Speaker 1: the top deals that they have found that run for 69 00:03:32,080 --> 00:03:34,320 Speaker 1: a limited time. And we're going to look at the 70 00:03:34,360 --> 00:03:36,400 Speaker 1: ways that you can earn points and break them down 71 00:03:36,440 --> 00:03:38,400 Speaker 1: into some of the big things that you can use 72 00:03:38,480 --> 00:03:42,920 Speaker 1: them on, so flights, online, shopping, hotel, loyalty programs, and 73 00:03:43,040 --> 00:03:46,280 Speaker 1: we're going to look at flexible points, which really interests me. 74 00:03:46,560 --> 00:03:49,320 Speaker 1: And then Jesse Garci in the second half of the show, 75 00:03:49,320 --> 00:03:51,800 Speaker 1: we're also going to share your top point hacks that 76 00:03:51,880 --> 00:03:54,720 Speaker 1: you sent in to us. Sounds great. Let's start by 77 00:03:54,720 --> 00:03:58,920 Speaker 1: talking about those flexible points programs. What exactly are they? Okay, 78 00:03:59,040 --> 00:04:03,240 Speaker 1: so simply flexible points programs, which actually is a mouthful 79 00:04:03,280 --> 00:04:06,120 Speaker 1: to say, is a scheme where you earn points in 80 00:04:06,200 --> 00:04:09,320 Speaker 1: a central account so later you can transfer the points 81 00:04:09,320 --> 00:04:12,760 Speaker 1: to a range of different loyalty schemes such as frequent 82 00:04:12,800 --> 00:04:16,240 Speaker 1: flyer programs, credits and gift cards. Most of the flexible 83 00:04:16,279 --> 00:04:19,719 Speaker 1: programs in Australia are run by financial institutions like American 84 00:04:19,800 --> 00:04:23,520 Speaker 1: Express Member Rewards and Z Rewards and City Rewards, but 85 00:04:23,960 --> 00:04:27,920 Speaker 1: supermarket loyalty schemes like Woolworths Everyday Rewards and fly buyers 86 00:04:27,920 --> 00:04:31,719 Speaker 1: are also flexible points programs, and each flexible points program 87 00:04:31,800 --> 00:04:34,680 Speaker 1: has a transfer rate between their own points and their 88 00:04:34,800 --> 00:04:38,080 Speaker 1: partner's points or miles, which actually lets you send your 89 00:04:38,120 --> 00:04:41,240 Speaker 1: points over to a partner program at fixed rates whenever 90 00:04:41,240 --> 00:04:44,600 Speaker 1: you want to. So, for example, Jess two Amex points 91 00:04:44,640 --> 00:04:47,960 Speaker 1: actually transfers over to one Velocity points, so it's basically 92 00:04:48,000 --> 00:04:50,880 Speaker 1: like a two to one ratio. And most frequent flyer 93 00:04:50,960 --> 00:04:55,040 Speaker 1: programs themselves don't offer flexible points. Once you earn points 94 00:04:55,080 --> 00:04:58,320 Speaker 1: in that program, you can't move your balance between other programs, 95 00:04:58,360 --> 00:05:02,039 Speaker 1: which is what makes flexible wis wards program so appealing. Yeah, 96 00:05:02,120 --> 00:05:04,960 Speaker 1: let's talk about one of my favorite kinds of points, 97 00:05:05,000 --> 00:05:07,400 Speaker 1: which is the two major supermarkets and their programs with 98 00:05:07,520 --> 00:05:10,920 Speaker 1: the two major airlines. So it's your favor though flybys. Yeah, 99 00:05:11,000 --> 00:05:14,160 Speaker 1: No Surprises, which just conveniently links to Virgin, which is 100 00:05:14,200 --> 00:05:18,040 Speaker 1: our preference for flying, and then Willworth's Everyday Rewards which 101 00:05:18,080 --> 00:05:21,320 Speaker 1: links to Quantests. Why have we got a preference for Virgin? 102 00:05:21,560 --> 00:05:23,320 Speaker 1: I feel like I've been DMed this a lot of 103 00:05:23,320 --> 00:05:25,240 Speaker 1: times just and it's literally just because the food in 104 00:05:25,240 --> 00:05:27,400 Speaker 1: the lounge is better. They're really good, and I really 105 00:05:27,640 --> 00:05:31,080 Speaker 1: like their This is so off topic, but they recently 106 00:05:31,440 --> 00:05:35,839 Speaker 1: changed the uniform requirements to really inclusive, which I loved. 107 00:05:35,920 --> 00:05:38,120 Speaker 1: I feel like that just really validated why we already 108 00:05:38,120 --> 00:05:40,279 Speaker 1: flew with them, because people are just nicer, full stop. 109 00:05:40,320 --> 00:05:42,840 Speaker 1: End of story. Sorry, sorry, sorry, but that contract tell 110 00:05:42,839 --> 00:05:45,360 Speaker 1: me about Flybys all right. So Flybys is a very 111 00:05:45,360 --> 00:05:48,280 Speaker 1: big and very long standing loyalty program that actually connects 112 00:05:48,400 --> 00:05:51,839 Speaker 1: Coles and Virgin Australia, but it actually has so many 113 00:05:51,920 --> 00:05:56,440 Speaker 1: more partners like Bunning's and Kmart and literally basically everything 114 00:05:56,520 --> 00:05:59,920 Speaker 1: under the sun from my perspective, Earning Flybys points allows 115 00:05:59,920 --> 00:06:02,440 Speaker 1: you to redeem them for a whole heap of rewards. 116 00:06:02,480 --> 00:06:06,159 Speaker 1: So these include transferring them to Velocity points, or discounts 117 00:06:06,160 --> 00:06:08,800 Speaker 1: on your next coals shop or retail items that you 118 00:06:08,839 --> 00:06:11,039 Speaker 1: buy from the Flybys store Jess, which you would know 119 00:06:11,120 --> 00:06:14,640 Speaker 1: a fair bit about the value of the points is 120 00:06:14,680 --> 00:06:17,160 Speaker 1: not equal when spending them in different places though, so 121 00:06:17,240 --> 00:06:18,960 Speaker 1: there are a lot of people who do these, like 122 00:06:19,040 --> 00:06:21,719 Speaker 1: points hacking websites where they tell you where you get 123 00:06:21,720 --> 00:06:24,400 Speaker 1: the best bang for your buck and they are the 124 00:06:24,520 --> 00:06:28,000 Speaker 1: highest when you use them for Virgin flights. The you go, yeah, 125 00:06:28,040 --> 00:06:29,719 Speaker 1: but did you know the best part about all of 126 00:06:29,760 --> 00:06:32,520 Speaker 1: this what it's free. Like, you don't even have to 127 00:06:32,600 --> 00:06:35,600 Speaker 1: have a credit card to start collecting Flybys points. You 128 00:06:35,680 --> 00:06:38,279 Speaker 1: literally just get a card and scan it every time 129 00:06:38,320 --> 00:06:40,680 Speaker 1: you check out. That's a dream, It's actually a dream. 130 00:06:40,720 --> 00:06:42,480 Speaker 1: And I think that so many people think that they 131 00:06:42,520 --> 00:06:45,360 Speaker 1: need a credit card to have any type of rewards points. 132 00:06:45,360 --> 00:06:47,479 Speaker 1: But jess, why did you get your free kitchen aid 133 00:06:47,480 --> 00:06:49,960 Speaker 1: mixer because I shopped a cult But like, did you 134 00:06:50,040 --> 00:06:51,240 Speaker 1: pay anything for it? 135 00:06:51,360 --> 00:06:51,440 Speaker 2: No? 136 00:06:51,560 --> 00:06:54,720 Speaker 1: I used completely points, no credit card, no credit card, 137 00:06:54,760 --> 00:06:57,440 Speaker 1: and no extra spending either. Tried and true. She just 138 00:06:57,480 --> 00:07:00,280 Speaker 1: bought a whole heap of Ben and Jerry's. So then 139 00:07:00,279 --> 00:07:03,159 Speaker 1: we've got Wilworths and Quantus and Everyday Rewards is the 140 00:07:03,200 --> 00:07:07,240 Speaker 1: loyalty program of Wilworth Supermarkets BWS, Big w and Coltext, 141 00:07:07,240 --> 00:07:10,640 Speaker 1: Willlworst Fuel and you earn points for each dollar spend, 142 00:07:10,680 --> 00:07:12,840 Speaker 1: which can then later be redeemed for money off your 143 00:07:12,840 --> 00:07:16,960 Speaker 1: Willworth's shop money win, or can be converted into Quantus points. Now, 144 00:07:17,080 --> 00:07:21,040 Speaker 1: Everyday Rewards only has a few partners and set earn rates, 145 00:07:21,080 --> 00:07:23,720 Speaker 1: so it's pretty simple and at the moment, you can 146 00:07:23,720 --> 00:07:25,680 Speaker 1: get one point for every dollar that you spend at 147 00:07:25,680 --> 00:07:29,200 Speaker 1: will Worth Supermarkets BAWS, so participat in cowtexs and cowtext, 148 00:07:29,240 --> 00:07:31,920 Speaker 1: Willworths outlets and big w and online. That sounded like 149 00:07:31,920 --> 00:07:34,600 Speaker 1: an ad and it absolutely wasn't. None of this is sponsored. 150 00:07:34,920 --> 00:07:37,240 Speaker 1: How amazing would it be if we got paid to 151 00:07:37,280 --> 00:07:39,640 Speaker 1: talk about points? Oh my god, that would be like 152 00:07:39,680 --> 00:07:42,760 Speaker 1: the ultimate points hack. Anyone knows? Someone hit us up 153 00:07:42,880 --> 00:07:47,920 Speaker 1: fly Bys please, I'm your biggest fan. Literally. So with 154 00:07:47,960 --> 00:07:50,200 Speaker 1: the everyday rewards as well, you get rewards at every 155 00:07:50,240 --> 00:07:53,160 Speaker 1: two thousand reward points that you earn, and there are 156 00:07:53,200 --> 00:07:55,840 Speaker 1: three different ways that you can actually redeem your award 157 00:07:56,160 --> 00:07:58,240 Speaker 1: so you can convert them to quantus points. You could 158 00:07:58,240 --> 00:08:00,200 Speaker 1: get ten bucks off your next will Work shop or 159 00:08:00,280 --> 00:08:03,480 Speaker 1: bank the value to Christmas and get multiples of ten 160 00:08:03,560 --> 00:08:06,440 Speaker 1: dollars off your shop from December onwards, which happens to 161 00:08:06,480 --> 00:08:09,880 Speaker 1: be a very very popular one in our community. Jess. Yeah. Now, 162 00:08:09,880 --> 00:08:11,800 Speaker 1: I'm a creature of habit and I generally like to 163 00:08:11,800 --> 00:08:14,560 Speaker 1: shop at one supermarket, but I know a lot of 164 00:08:14,600 --> 00:08:17,000 Speaker 1: people like to shop at multiples that they can get 165 00:08:17,000 --> 00:08:19,920 Speaker 1: the best to deal. Literally, can't be bothered. Now I go. 166 00:08:20,120 --> 00:08:23,360 Speaker 1: There is a coals and an Audi basically side by side. 167 00:08:23,560 --> 00:08:25,800 Speaker 1: Swing into Audi, get all of my favorite things because 168 00:08:25,800 --> 00:08:27,880 Speaker 1: as you know, you can only get the good small 169 00:08:27,960 --> 00:08:31,120 Speaker 1: cucumbers at the AUDI. Of course, we need to pick 170 00:08:31,200 --> 00:08:34,480 Speaker 1: up a bottle of La mule Rose, not sponsored, honest 171 00:08:34,520 --> 00:08:37,120 Speaker 1: to god, just good, and then I go get everything 172 00:08:37,160 --> 00:08:38,880 Speaker 1: else are in coals and we are done. Like, I'm 173 00:08:38,880 --> 00:08:41,679 Speaker 1: not going to multiple too. So that's better than the 174 00:08:41,679 --> 00:08:43,960 Speaker 1: average bear, I'd say, I think so. If that's the case, 175 00:08:44,000 --> 00:08:46,720 Speaker 1: if people are shopping multiple places, is it a bit 176 00:08:46,800 --> 00:08:50,200 Speaker 1: cheeky to sign up for multiple programs? Absolutely not, jess 177 00:08:50,200 --> 00:08:51,520 Speaker 1: You've got to be in it to win it. And 178 00:08:51,720 --> 00:08:53,720 Speaker 1: if it was me, I would be signing up to 179 00:08:53,800 --> 00:08:56,440 Speaker 1: all of the different programs that are offered by different 180 00:08:56,480 --> 00:08:59,040 Speaker 1: places and just picking and choosing the offers that work 181 00:08:59,080 --> 00:09:02,360 Speaker 1: for you. Honestly, from my perspective, I think so too. 182 00:09:02,520 --> 00:09:05,520 Speaker 1: And a little pro tip from one Flybys user to another. 183 00:09:06,080 --> 00:09:08,160 Speaker 1: If you have a Flybys card and you don't use 184 00:09:08,200 --> 00:09:10,840 Speaker 1: it for a few months, generally speaking, you'll get a 185 00:09:10,880 --> 00:09:14,120 Speaker 1: special loyalty prompt where it's like, spend seventy dollars in 186 00:09:14,160 --> 00:09:16,400 Speaker 1: store and you get four thousand points to get you 187 00:09:16,480 --> 00:09:19,199 Speaker 1: to come back. Oh that's genius. But like you would 188 00:09:19,240 --> 00:09:21,920 Speaker 1: never know about that, Jessica, because you literally always use 189 00:09:21,920 --> 00:09:24,520 Speaker 1: your flybys points. And do you know what happens guys? 190 00:09:24,559 --> 00:09:26,240 Speaker 1: When we check out and she's with me and I 191 00:09:26,240 --> 00:09:29,200 Speaker 1: don't have my card, she takes my points, not even 192 00:09:29,240 --> 00:09:32,000 Speaker 1: sorry about it. But let's go to a really quick break, 193 00:09:32,000 --> 00:09:33,960 Speaker 1: and when we come back, I want to talk through 194 00:09:34,120 --> 00:09:36,240 Speaker 1: flights because I feel like that's something a lot of 195 00:09:36,240 --> 00:09:38,439 Speaker 1: people that's interesting here for which is why we put 196 00:09:38,440 --> 00:09:40,320 Speaker 1: it on the second side of the episode. Just it's 197 00:09:40,360 --> 00:09:43,480 Speaker 1: called hook in the industry, smart from us. Don't go anywhere, guys, 198 00:09:43,520 --> 00:09:49,559 Speaker 1: We'll see you in a minute. All right, thanks for 199 00:09:49,600 --> 00:09:54,040 Speaker 1: sticking around, everybody. Let's chat all things flights. Victoria. You 200 00:09:54,280 --> 00:09:57,320 Speaker 1: just mentioned flights as a reward for supermarket loyalty and 201 00:09:57,480 --> 00:10:01,000 Speaker 1: flexible points programs, But how do the loyalty programs that 202 00:10:01,040 --> 00:10:05,120 Speaker 1: are specifically for airlines work. So flights are a major 203 00:10:05,160 --> 00:10:08,120 Speaker 1: across the board incentive for all of the programs that 204 00:10:08,160 --> 00:10:11,800 Speaker 1: we are actually looking today, especially credit cards sadly, which 205 00:10:11,800 --> 00:10:15,280 Speaker 1: are coming up next. But let's look into the airlines thing. So, 206 00:10:15,440 --> 00:10:19,119 Speaker 1: frequent flyer programs are a massive source of revenue for airlines. 207 00:10:19,200 --> 00:10:23,360 Speaker 1: In some cases, frequent flyer programs are more profitable than 208 00:10:23,360 --> 00:10:27,960 Speaker 1: the actual airline itself. That's crazy, yeah, crazy right. The 209 00:10:28,000 --> 00:10:30,800 Speaker 1: way frequent flyer programs make their money is by selling 210 00:10:30,800 --> 00:10:33,120 Speaker 1: the points to companies who will then use them the 211 00:10:33,160 --> 00:10:36,480 Speaker 1: points as a marketing tool to get you the consumer 212 00:10:36,600 --> 00:10:39,120 Speaker 1: to use their service or buy their product. So if 213 00:10:39,160 --> 00:10:41,440 Speaker 1: you and you to the points hacking game, your first 214 00:10:41,440 --> 00:10:44,440 Speaker 1: step is to join a free frequent flyer program. So 215 00:10:44,480 --> 00:10:46,880 Speaker 1: you need to decide which frequent flyer program you want 216 00:10:46,880 --> 00:10:49,959 Speaker 1: to align yourself with. In Australia there are two main ones, 217 00:10:50,200 --> 00:10:53,400 Speaker 1: so we've got Quantus Frequent Flyer and Velocity Frequent Flyer, 218 00:10:53,440 --> 00:10:56,720 Speaker 1: which is with Virgin Australia. Arguably I wouldn't be signing 219 00:10:56,840 --> 00:11:00,400 Speaker 1: up for both because flights are expensive, Jess. And then 220 00:11:00,440 --> 00:11:02,960 Speaker 1: you're just dividing the ability to get to a higher 221 00:11:03,000 --> 00:11:05,920 Speaker 1: status sooner. But you do, you boo. It's free and 222 00:11:06,000 --> 00:11:08,839 Speaker 1: easy to join Virgin Australia and if you go on 223 00:11:08,880 --> 00:11:11,480 Speaker 1: the Quantus website, it will tell you that it's ninety 224 00:11:11,559 --> 00:11:14,240 Speaker 1: nine dollars fifty as a fee to sign up, but 225 00:11:14,400 --> 00:11:16,320 Speaker 1: there are many different ways that you can actually join 226 00:11:16,360 --> 00:11:18,839 Speaker 1: for free. There are some links in our show notes. 227 00:11:18,880 --> 00:11:21,360 Speaker 1: You're welcome and if you've forgotten just google it. It 228 00:11:21,440 --> 00:11:24,040 Speaker 1: is very very easy. Yeah, there are definitely tons of 229 00:11:24,040 --> 00:11:27,040 Speaker 1: airlines out there, though not just in Australia that probably 230 00:11:27,120 --> 00:11:29,760 Speaker 1: have programs that might benefit us as well. Right, yes, 231 00:11:29,880 --> 00:11:33,480 Speaker 1: And we have just recently reaped the benefits of this ourselves, Jess, 232 00:11:33,520 --> 00:11:35,320 Speaker 1: when we went to the US for work, and so 233 00:11:35,400 --> 00:11:37,000 Speaker 1: we're not here all day. We're just going to really 234 00:11:37,040 --> 00:11:39,800 Speaker 1: focus on Quantus and Virgin in this episode. But there 235 00:11:39,800 --> 00:11:42,160 Speaker 1: are obviously lots and lots of different airlines that have 236 00:11:42,280 --> 00:11:46,000 Speaker 1: lots of good opportunities for Australians to earn and transfer points. 237 00:11:46,280 --> 00:11:49,439 Speaker 1: But remember when we traveled, Virgin had so many partner 238 00:11:49,480 --> 00:11:53,200 Speaker 1: airlines that if we had lounge access with Virgin, we 239 00:11:53,280 --> 00:11:56,199 Speaker 1: would get it somewhere else in a big capital airport. 240 00:11:56,520 --> 00:11:59,720 Speaker 1: So money win from my perspective, absolutely, Now, if I 241 00:12:00,040 --> 00:12:02,480 Speaker 1: can't afford to fly, or if I maybe just don't 242 00:12:02,520 --> 00:12:05,040 Speaker 1: fly all that often, isn't it a bit of a 243 00:12:05,080 --> 00:12:08,560 Speaker 1: waste of time joining a frequent flyer program? Haha? You 244 00:12:08,640 --> 00:12:11,959 Speaker 1: might think so, But there are actually so many opportunities 245 00:12:11,960 --> 00:12:14,360 Speaker 1: to collect points without flying. You can actually boost your 246 00:12:14,400 --> 00:12:18,080 Speaker 1: frequent flyer balance pretty fast, Jess. In fact, it is 247 00:12:18,240 --> 00:12:21,760 Speaker 1: actually possible to earn hundreds of thousands of miles per 248 00:12:21,840 --> 00:12:25,000 Speaker 1: year without ever flying or setting foot into the sky, 249 00:12:25,480 --> 00:12:27,439 Speaker 1: and you don't even need to spend points on those 250 00:12:27,480 --> 00:12:30,160 Speaker 1: flights either. You do this by making your purchases through 251 00:12:30,240 --> 00:12:34,320 Speaker 1: either the Quantus Shopping website or the Velocity Eastore portal 252 00:12:34,679 --> 00:12:38,160 Speaker 1: or wherever the equivalent of the program's online stories. If 253 00:12:38,200 --> 00:12:40,560 Speaker 1: you've been using our friends at shop back, then these 254 00:12:40,600 --> 00:12:44,200 Speaker 1: actually work pretty similarly with both Quantus Shopping and Velocity 255 00:12:44,200 --> 00:12:46,360 Speaker 1: E stores. You can actually just go to the homepage, 256 00:12:46,400 --> 00:12:48,480 Speaker 1: log in, click on the retailer that you want to 257 00:12:48,520 --> 00:12:50,200 Speaker 1: shop at, and you'll be told how many points you 258 00:12:50,280 --> 00:12:52,800 Speaker 1: have per dollar, and then you'll be redirected to the 259 00:12:52,840 --> 00:12:56,560 Speaker 1: retailer through the loyalty program's portal. It's honestly really easy. 260 00:12:56,720 --> 00:12:59,120 Speaker 1: You then complete your purchase as normal and make sure 261 00:12:59,200 --> 00:13:01,200 Speaker 1: once you've checked out, you sit tight wait for a 262 00:13:01,240 --> 00:13:03,559 Speaker 1: few weeks for the points to transfer to credit and 263 00:13:03,600 --> 00:13:06,559 Speaker 1: your stuff to arrive in your mailbox. You're locked mailbox 264 00:13:06,600 --> 00:13:10,360 Speaker 1: after last week's episode. Absolutely, Now can you run me 265 00:13:10,400 --> 00:13:12,760 Speaker 1: through VD? What are the affiliated airlines that you can 266 00:13:12,800 --> 00:13:15,400 Speaker 1: get points through with quantusm Virgin There are a fairview 267 00:13:15,520 --> 00:13:18,280 Speaker 1: so Quantus you can earn in redeem points with airlines. 268 00:13:18,320 --> 00:13:21,199 Speaker 1: For example, you can do it with Emirates, Cathe Pacific 269 00:13:21,320 --> 00:13:23,600 Speaker 1: and American Airlines, as well as a whole heap of 270 00:13:23,640 --> 00:13:27,000 Speaker 1: non airline partners. And then Virgin they partner with airlines 271 00:13:27,040 --> 00:13:30,720 Speaker 1: like Singapore Airlines, Eddie Had and Delta. Yeah. Incredible. Now 272 00:13:30,960 --> 00:13:34,480 Speaker 1: let's get into it. Arguably the biggest rewards scheme out 273 00:13:34,480 --> 00:13:37,520 Speaker 1: their credit cards. And again we're just giving you a 274 00:13:37,559 --> 00:13:39,680 Speaker 1: really brief overview and then you can go and do 275 00:13:39,720 --> 00:13:42,559 Speaker 1: your own research, because we're definitely not recommending that you 276 00:13:42,600 --> 00:13:45,320 Speaker 1: get a credit card just for points, because not only 277 00:13:45,360 --> 00:13:47,000 Speaker 1: do you need to make sure that choosing a credit 278 00:13:47,000 --> 00:13:50,320 Speaker 1: card aligned with your values, but the offers available and 279 00:13:50,360 --> 00:13:52,800 Speaker 1: the nuancewers of how they work and how long they're 280 00:13:52,800 --> 00:13:57,280 Speaker 1: available for are all so specific and they change constantly 281 00:13:57,320 --> 00:14:00,240 Speaker 1: depending on the card. But there are some unif buying 282 00:14:00,320 --> 00:14:02,720 Speaker 1: themes out there that we can touch on right there. Yeah, 283 00:14:02,760 --> 00:14:05,640 Speaker 1: of course, so we won't really talk about the specific cards, 284 00:14:05,679 --> 00:14:08,559 Speaker 1: but more what they generally offer and how they work. 285 00:14:08,679 --> 00:14:11,000 Speaker 1: So most banks and credit card companies will try and 286 00:14:11,040 --> 00:14:13,280 Speaker 1: compete in the market to win you over by offering 287 00:14:13,360 --> 00:14:15,439 Speaker 1: really big sign up points. You've probably seen it before, 288 00:14:15,480 --> 00:14:17,400 Speaker 1: like sign up and spend X y Z in your 289 00:14:17,400 --> 00:14:18,959 Speaker 1: first three months, and you get like one hundred and 290 00:14:19,000 --> 00:14:22,000 Speaker 1: fifty thousand points, which is just worth a return trip 291 00:14:22,040 --> 00:14:25,840 Speaker 1: to New York. Like it's really interesting, also really sexy. 292 00:14:26,120 --> 00:14:28,440 Speaker 1: But this means that you can also earn hundreds of 293 00:14:28,480 --> 00:14:31,320 Speaker 1: thousands of Frequent Flyer points with a single sign up, 294 00:14:31,360 --> 00:14:33,760 Speaker 1: and that's kind of a money win if you're already 295 00:14:33,800 --> 00:14:35,920 Speaker 1: going to do that. So if you're looking at a 296 00:14:35,920 --> 00:14:38,400 Speaker 1: credit card and you're like, oh, I just really don't 297 00:14:38,400 --> 00:14:40,480 Speaker 1: know what one to go with, like maybe look at 298 00:14:40,480 --> 00:14:44,120 Speaker 1: the features and benefits of systems like this that could 299 00:14:44,160 --> 00:14:47,000 Speaker 1: actually help you with a goal that you're working towards anyway, 300 00:14:47,080 --> 00:14:48,840 Speaker 1: Like if you've got a New York trip on your 301 00:14:48,880 --> 00:14:51,640 Speaker 1: goal list, maybe that's something that can get you there quicker. 302 00:14:51,760 --> 00:14:54,560 Speaker 1: They also often offer, depending on the level of the card, 303 00:14:54,640 --> 00:14:58,440 Speaker 1: either free ongoing lounge access or several passes per year. 304 00:14:58,720 --> 00:15:01,440 Speaker 1: So I know, through the Quan credit cards, like they 305 00:15:01,520 --> 00:15:03,880 Speaker 1: absolutely give you a few passes per year if you've 306 00:15:03,880 --> 00:15:07,000 Speaker 1: gotten AMEX. Usually it's just unlimited access for you and 307 00:15:07,080 --> 00:15:09,080 Speaker 1: a partner, which is kind of cool if you fly 308 00:15:09,240 --> 00:15:11,960 Speaker 1: all the time, and that's a value to you. Some 309 00:15:12,080 --> 00:15:15,040 Speaker 1: offer money for free flights and dining, and some offer 310 00:15:15,120 --> 00:15:18,520 Speaker 1: insurance and other perks like phone screen replacements and reduced 311 00:15:18,600 --> 00:15:20,640 Speaker 1: or free account fees for the first year, or they 312 00:15:20,680 --> 00:15:23,120 Speaker 1: offer cash back, which is obviously a great money win. 313 00:15:23,320 --> 00:15:25,920 Speaker 1: Plus points of course, don't have to be used just 314 00:15:26,000 --> 00:15:28,600 Speaker 1: on flying, Like you literally bought a kitchen aid mixer 315 00:15:28,760 --> 00:15:31,720 Speaker 1: for your kitchen during lockdown, you know, like we didn't 316 00:15:31,760 --> 00:15:34,960 Speaker 1: need to fly anywhere, and she's still reaping the benefits absolutely. 317 00:15:35,200 --> 00:15:37,360 Speaker 1: So let's say I've done my research, I'm like, oh, 318 00:15:37,440 --> 00:15:39,520 Speaker 1: i want to go to New York, and I've decided 319 00:15:39,520 --> 00:15:41,360 Speaker 1: that signing up for a credit card works for my 320 00:15:41,440 --> 00:15:43,680 Speaker 1: budget and my lifestyle, and I want to get into 321 00:15:43,680 --> 00:15:46,080 Speaker 1: the whole points hacking thing. What do I need to 322 00:15:46,080 --> 00:15:46,760 Speaker 1: be keeping in mind? 323 00:15:46,960 --> 00:15:47,360 Speaker 3: All right? 324 00:15:47,440 --> 00:15:50,400 Speaker 1: So the first thing that question gives me mad anxiety 325 00:15:50,440 --> 00:15:53,000 Speaker 1: because I feel like so many times people are like, oh, 326 00:15:53,000 --> 00:15:54,480 Speaker 1: I'm going to do it so I can budget and 327 00:15:54,480 --> 00:15:56,200 Speaker 1: cash flow better, and then it just doesn't work out 328 00:15:56,240 --> 00:15:58,680 Speaker 1: so well. So we need to be really, really really cautious, 329 00:15:58,720 --> 00:16:00,680 Speaker 1: and we need to make sure that we stay in 330 00:16:00,680 --> 00:16:03,360 Speaker 1: control of our finances and our budget. So we are 331 00:16:03,440 --> 00:16:06,280 Speaker 1: going to prioritize our budget and cash flow and paying 332 00:16:06,400 --> 00:16:11,160 Speaker 1: everything off and only putting really necessary purchases on a card. 333 00:16:11,480 --> 00:16:13,720 Speaker 1: It's really really easy, and I feel like I'm just 334 00:16:13,800 --> 00:16:16,480 Speaker 1: getting a bit randy here, but it's really easy to overspend. 335 00:16:16,560 --> 00:16:19,560 Speaker 1: So it is honestly so vital that you know what 336 00:16:19,600 --> 00:16:22,000 Speaker 1: you can afford and you pay your credit card balance 337 00:16:22,080 --> 00:16:25,280 Speaker 1: in full every single month and you're not spending beyond 338 00:16:25,320 --> 00:16:28,040 Speaker 1: your means. So if you are, and you are a 339 00:16:28,080 --> 00:16:30,840 Speaker 1: responsible human adult, which I am not jes A GRICI, 340 00:16:31,240 --> 00:16:33,560 Speaker 1: you could choose to spend every single dollar on your 341 00:16:33,600 --> 00:16:35,640 Speaker 1: card and then transfer from your account to pay that 342 00:16:35,680 --> 00:16:38,080 Speaker 1: balance off in time. You can also put it on 343 00:16:38,160 --> 00:16:40,640 Speaker 1: direct debit so it happens automatically, so you don't even 344 00:16:40,680 --> 00:16:42,440 Speaker 1: have to remember. It will just you know, if you 345 00:16:42,480 --> 00:16:45,280 Speaker 1: spend five hundred dollars on groceries this month, it will 346 00:16:45,320 --> 00:16:48,760 Speaker 1: automatically pay it off. Or every time you spend on 347 00:16:48,800 --> 00:16:50,840 Speaker 1: your credit card, you could actually just log in and 348 00:16:50,880 --> 00:16:53,320 Speaker 1: pay that amount off, so that you are, you know, 349 00:16:53,400 --> 00:16:56,120 Speaker 1: making sure that you're aoka and all good, but it 350 00:16:56,240 --> 00:16:58,440 Speaker 1: kind of keeps you accountable to make sure that with 351 00:16:58,600 --> 00:17:02,400 Speaker 1: each purchase you actually have that cash there to transfer immediately. 352 00:17:02,640 --> 00:17:05,880 Speaker 1: And if you set that system up, it's very unlikely 353 00:17:06,080 --> 00:17:09,240 Speaker 1: that if you transfer for every single purchase, ever, you're 354 00:17:09,520 --> 00:17:12,400 Speaker 1: very unlikely to put yourself in a position where it's 355 00:17:12,400 --> 00:17:15,680 Speaker 1: getting beyond your control. So by doing this, it makes 356 00:17:15,680 --> 00:17:18,879 Speaker 1: sure that you're not paying any interest, Jess. It's basically 357 00:17:18,920 --> 00:17:21,119 Speaker 1: like shooting yourself in the foot, because if you're paying 358 00:17:21,240 --> 00:17:24,560 Speaker 1: interest on a card where you're collecting frequent flyer points, 359 00:17:24,600 --> 00:17:28,480 Speaker 1: it's probably going to render them absolutely useless. You'll also 360 00:17:28,560 --> 00:17:30,440 Speaker 1: want to make sure that you're using the right card 361 00:17:30,480 --> 00:17:32,960 Speaker 1: for the right transaction, so that you get the maximum 362 00:17:32,960 --> 00:17:34,919 Speaker 1: points for every single dollar that you spend. I can 363 00:17:35,000 --> 00:17:37,679 Speaker 1: imagine you just getting down and like calculating what is 364 00:17:37,720 --> 00:17:40,119 Speaker 1: the best card to use and when at what period 365 00:17:40,119 --> 00:17:42,840 Speaker 1: of year, and what benefits you're going to get, and 366 00:17:42,840 --> 00:17:46,760 Speaker 1: what value and bonus there is. I just personally, not 367 00:17:46,840 --> 00:17:49,520 Speaker 1: my circus, not my monkey's. Like, I know people do it. 368 00:17:49,560 --> 00:17:52,240 Speaker 1: I know people enjoy it. I just don't have the time, energy, 369 00:17:52,240 --> 00:17:55,320 Speaker 1: your effort for it. But for example, some cards will 370 00:17:55,320 --> 00:17:58,919 Speaker 1: actually pay you one point five points per dollar if 371 00:17:58,920 --> 00:18:01,680 Speaker 1: you're shopping at a super market. Well, others might only 372 00:18:01,680 --> 00:18:04,159 Speaker 1: pay zero point five, So you want to be shopping 373 00:18:04,160 --> 00:18:06,520 Speaker 1: with the one point five Yeah, exactly, And Jess would 374 00:18:06,520 --> 00:18:09,080 Speaker 1: be all over that. Another thing that I have looked 375 00:18:09,080 --> 00:18:11,960 Speaker 1: at before is check out pointshack dot com dot au, 376 00:18:12,119 --> 00:18:15,160 Speaker 1: where there is honestly a great cross comparison of all 377 00:18:15,200 --> 00:18:17,359 Speaker 1: of the credit cards that are out there. It shows 378 00:18:17,359 --> 00:18:19,560 Speaker 1: you a whole heap of different offers that are available 379 00:18:19,600 --> 00:18:22,800 Speaker 1: from like American Express and Visa and MasterCard and branded 380 00:18:22,840 --> 00:18:24,960 Speaker 1: credit cards, along with a whole heap of in debth 381 00:18:25,000 --> 00:18:27,720 Speaker 1: guides to each of the cards and the benefits and 382 00:18:27,840 --> 00:18:30,680 Speaker 1: some of the cons. And I have a final little 383 00:18:30,720 --> 00:18:33,960 Speaker 1: sneaky hot tip for you, miss just Gricci. Next time 384 00:18:34,000 --> 00:18:36,720 Speaker 1: you're out, pick up the tap tell me more. Well, 385 00:18:36,840 --> 00:18:38,960 Speaker 1: your friends will think you're fantastic because you're like, oh, 386 00:18:38,960 --> 00:18:40,480 Speaker 1: don't worry, I'll pop it on my card and we'll 387 00:18:40,520 --> 00:18:43,600 Speaker 1: work it out later obviously, then get them to repay 388 00:18:43,600 --> 00:18:46,520 Speaker 1: you in cash and you walk away with the points. 389 00:18:46,720 --> 00:18:47,040 Speaker 2: Gene. 390 00:18:47,119 --> 00:18:48,840 Speaker 1: Yes, actually you mentioned that. I have a couple of 391 00:18:48,840 --> 00:18:50,480 Speaker 1: friends who I reckon a're doing exactly and I'm not 392 00:18:50,520 --> 00:18:51,800 Speaker 1: mad about it. I don't want to pay for a 393 00:18:51,840 --> 00:18:54,160 Speaker 1: five hundred or a tab on my card and they're 394 00:18:54,200 --> 00:18:56,040 Speaker 1: so happy to do it. It takes the stress out 395 00:18:56,040 --> 00:18:57,920 Speaker 1: of it for everyone because we just figure it out, 396 00:18:58,040 --> 00:19:00,239 Speaker 1: you know later, who over if you want. I've got 397 00:19:00,240 --> 00:19:03,359 Speaker 1: to make sure that you've got trustworthy friends, because like 398 00:19:03,400 --> 00:19:05,280 Speaker 1: offering to pick up the tab, like if I did 399 00:19:05,280 --> 00:19:07,720 Speaker 1: that with you, I know I'm gonna get paid back. 400 00:19:07,840 --> 00:19:11,080 Speaker 1: It's yes, she's good for it. She's not a douche. 401 00:19:11,480 --> 00:19:13,160 Speaker 1: But you know, those friends, I don't know if you've 402 00:19:13,160 --> 00:19:15,240 Speaker 1: still got them, but I left them all behind in 403 00:19:15,359 --> 00:19:17,680 Speaker 1: university where it'd be like, oh, you owe me ten 404 00:19:17,720 --> 00:19:19,600 Speaker 1: dollars because I picked up your XYZ and they're like, 405 00:19:19,640 --> 00:19:21,560 Speaker 1: oh yeah, yeah, I'll get to it. I'll get to it. 406 00:19:21,800 --> 00:19:23,760 Speaker 1: They never get to it, and then I get awkward 407 00:19:23,840 --> 00:19:27,000 Speaker 1: and then I stop talking about it and yeah, anyway, yeah, 408 00:19:27,040 --> 00:19:28,840 Speaker 1: And if you pick up ten dollars for ten friends, 409 00:19:28,880 --> 00:19:31,200 Speaker 1: that's one hundred dollars that yell and it just adds up. 410 00:19:31,480 --> 00:19:33,080 Speaker 1: I think that you're a little bit like me, where 411 00:19:33,080 --> 00:19:34,880 Speaker 1: you're like, oh, I just grab it, few no worries, 412 00:19:35,160 --> 00:19:37,440 Speaker 1: like there needs to be some ebb and flow here, 413 00:19:37,560 --> 00:19:39,160 Speaker 1: And I feel like there are some people out there 414 00:19:39,240 --> 00:19:40,800 Speaker 1: that you would not pick up the tab for. So 415 00:19:40,840 --> 00:19:44,040 Speaker 1: it's a good tip if you've got wholesome friends, all right, 416 00:19:44,119 --> 00:19:47,560 Speaker 1: talk to me VD about hotel rewards programs. Okay, so 417 00:19:47,880 --> 00:19:51,119 Speaker 1: again there are so many here, but to capture the 418 00:19:51,200 --> 00:19:54,280 Speaker 1: gist of this. Hotel loyalty programs are often useful to 419 00:19:54,320 --> 00:19:56,720 Speaker 1: look at and engage with, as they are usually more 420 00:19:56,760 --> 00:19:59,960 Speaker 1: flexible than frequent flyer programs by allowing you to train 421 00:20:00,160 --> 00:20:03,840 Speaker 1: further points out to a range of different frequent Flyer partners, 422 00:20:03,920 --> 00:20:06,199 Speaker 1: so you'll be able to redeem the points for hotel 423 00:20:06,240 --> 00:20:10,399 Speaker 1: stays or credit for future travel. And Jess, we travel 424 00:20:10,400 --> 00:20:13,600 Speaker 1: a fair bit and we usually stay in the same hotels, 425 00:20:13,640 --> 00:20:16,679 Speaker 1: so it doesn't matter which state or territory we were in. 426 00:20:17,000 --> 00:20:20,280 Speaker 1: We usually just pick the same branded hotel one because 427 00:20:20,280 --> 00:20:21,919 Speaker 1: I have a point system with them, and it's just 428 00:20:22,000 --> 00:20:24,600 Speaker 1: easier to we know what we're going to get, Like yeah, 429 00:20:24,760 --> 00:20:27,040 Speaker 1: just you and I. We're creatures of habits, so we 430 00:20:27,119 --> 00:20:29,960 Speaker 1: don't actually want to try a new fancy hotel. Usually 431 00:20:30,040 --> 00:20:32,960 Speaker 1: we just want the tried, true, and tested. But because 432 00:20:33,000 --> 00:20:35,359 Speaker 1: we do that and we've stayed so many different times 433 00:20:35,359 --> 00:20:38,639 Speaker 1: at different places, we often get like welcome drinks, like 434 00:20:38,640 --> 00:20:40,959 Speaker 1: we're going on a holiday instead of a work trip. 435 00:20:41,240 --> 00:20:43,639 Speaker 1: We often get room upgrades or like do you know 436 00:20:43,640 --> 00:20:45,960 Speaker 1: how they always leave like chocolates in our room. Oh 437 00:20:46,000 --> 00:20:48,399 Speaker 1: my god, it's so good. Ten out of ten. Oh 438 00:20:48,400 --> 00:20:50,600 Speaker 1: irish Yet Va, you actually did that recently, didn't you? You 439 00:20:50,680 --> 00:20:54,520 Speaker 1: transferred points out of your hotel for our FLA I did. 440 00:20:54,600 --> 00:20:57,000 Speaker 1: And then reason I did that was because when we 441 00:20:57,040 --> 00:20:59,119 Speaker 1: travel for work, and this is like very niche. It 442 00:20:59,160 --> 00:21:00,919 Speaker 1: might work for some people, it might not work for 443 00:21:00,960 --> 00:21:03,840 Speaker 1: other people, but when we travel, Jess, for work, it's 444 00:21:03,880 --> 00:21:06,600 Speaker 1: obviously a work expense, so like I can deduct the 445 00:21:06,640 --> 00:21:08,840 Speaker 1: tax off that, but you know what, I can't deduct 446 00:21:08,920 --> 00:21:12,400 Speaker 1: the tax off my honeymoon. So I'm a transfer those 447 00:21:12,440 --> 00:21:14,680 Speaker 1: points out and then pay for my honeymoon flights, which 448 00:21:14,720 --> 00:21:18,200 Speaker 1: are business class flights that I have gotten literally entirely 449 00:21:18,280 --> 00:21:21,560 Speaker 1: on points to and from our honeymoon location, because like 450 00:21:21,720 --> 00:21:24,080 Speaker 1: that's just a money win, Jess. That is now I 451 00:21:24,160 --> 00:21:26,480 Speaker 1: have free flights, and it didn't make sense to like 452 00:21:26,560 --> 00:21:28,639 Speaker 1: spend all of the points on work stuff if I 453 00:21:28,640 --> 00:21:31,080 Speaker 1: can transfer it out newsic personally, because otherwise I would 454 00:21:31,080 --> 00:21:32,919 Speaker 1: have had to pay a fair bit per dollar that 455 00:21:33,000 --> 00:21:36,080 Speaker 1: we earned in tax. So I'd worked it all out. 456 00:21:36,320 --> 00:21:39,080 Speaker 1: I felt very just GRICI that is a straight genius, 457 00:21:39,119 --> 00:21:40,920 Speaker 1: And before we skid out off, I thought I'd share 458 00:21:41,000 --> 00:21:43,119 Speaker 1: a few other hot tips that we got from the 459 00:21:43,160 --> 00:21:45,800 Speaker 1: shees in the money community. Genius are arguably a lot 460 00:21:45,880 --> 00:21:49,359 Speaker 1: smarter than us, honest story. Sometimes they just run rings 461 00:21:49,359 --> 00:21:51,639 Speaker 1: around us. Remember that time we spoke to a moneyed 462 00:21:51,600 --> 00:21:54,200 Speaker 1: diarist who worked out that she got like five points 463 00:21:54,240 --> 00:21:56,840 Speaker 1: per transaction. So she broke her bill up into like 464 00:21:56,960 --> 00:22:00,119 Speaker 1: one cent increments and made that algorithm to just like 465 00:22:00,280 --> 00:22:04,920 Speaker 1: transfer one cent till her bill was paid. Yes, a 466 00:22:05,200 --> 00:22:07,840 Speaker 1: genius Like here, I am thinking I'm a wizard because 467 00:22:07,840 --> 00:22:10,359 Speaker 1: I transferred my Hotel points to pay for a flight, 468 00:22:10,600 --> 00:22:13,880 Speaker 1: and she's out here being like you were basic. Oh 469 00:22:13,960 --> 00:22:16,679 Speaker 1: my goodness. Well, our first hot tip comes from Anne, 470 00:22:16,880 --> 00:22:20,040 Speaker 1: who said time getting a credit card with a big 471 00:22:20,080 --> 00:22:22,440 Speaker 1: bonus points reward. So like you were saying before, where 472 00:22:22,440 --> 00:22:25,160 Speaker 1: you sign up and spend xout time that with an 473 00:22:25,240 --> 00:22:29,359 Speaker 1: upcoming large expense like your red Joe oh smart, or 474 00:22:29,440 --> 00:22:31,919 Speaker 1: like your insurance is a jew or something, So you 475 00:22:32,000 --> 00:22:35,239 Speaker 1: hit that minimum spend really easily. It's not a lot 476 00:22:35,280 --> 00:22:37,199 Speaker 1: of addmin work for you, and you don't have to 477 00:22:37,200 --> 00:22:39,480 Speaker 1: go out of your way to spend more money smart. 478 00:22:39,560 --> 00:22:41,520 Speaker 1: What else have you got? This feels like a Friday 479 00:22:41,600 --> 00:22:45,000 Speaker 1: Drinks Money Win edition. I know, next one is meet 480 00:22:45,040 --> 00:22:48,200 Speaker 1: the minimum spend, earn the points, and then call and 481 00:22:48,240 --> 00:22:50,680 Speaker 1: cancel the card, And a lot of the times you'll 482 00:22:50,720 --> 00:22:53,440 Speaker 1: be able to get your annual fee refunded. What the heck, 483 00:22:53,480 --> 00:22:55,800 Speaker 1: why would you? That sounds dodgy, but like I know, 484 00:22:55,880 --> 00:22:58,040 Speaker 1: it's completely fine. Yeah, And I think it would a 485 00:22:58,040 --> 00:23:00,680 Speaker 1: lot of the times be done incrementally. If you've signed 486 00:23:00,720 --> 00:23:02,520 Speaker 1: up for the card and you had to pay every 487 00:23:02,520 --> 00:23:04,840 Speaker 1: three months, for example, to get your sign up bonus, 488 00:23:04,840 --> 00:23:07,159 Speaker 1: and you close your card after the three months, I 489 00:23:07,160 --> 00:23:09,200 Speaker 1: think a lot of companies would maybe just go ahead 490 00:23:09,240 --> 00:23:11,080 Speaker 1: and refund the difference, so if you're not using the 491 00:23:11,080 --> 00:23:14,400 Speaker 1: card for another nine months, you get the nine months back. Yeah, okay. 492 00:23:14,480 --> 00:23:16,760 Speaker 1: And the other thing I'd say there though, is just 493 00:23:16,920 --> 00:23:19,439 Speaker 1: obviously I've got my little finance hat on, and I 494 00:23:19,480 --> 00:23:22,000 Speaker 1: get a little bit angsty with things like this. If 495 00:23:22,000 --> 00:23:24,640 Speaker 1: you're planning on signing up to credit cards and then 496 00:23:24,720 --> 00:23:27,520 Speaker 1: canceling them just for points, I'd be really cautious of 497 00:23:27,560 --> 00:23:31,000 Speaker 1: your credit report and your credit score, because that is 498 00:23:31,080 --> 00:23:33,280 Speaker 1: not a good thing. Like a lot of turnover on 499 00:23:33,320 --> 00:23:36,120 Speaker 1: your credit report is not that sexy. And if you're 500 00:23:36,119 --> 00:23:38,560 Speaker 1: going for a mortgage or you need finance like, that's 501 00:23:38,680 --> 00:23:41,520 Speaker 1: maybe not the best idea you've ever had, something really 502 00:23:41,520 --> 00:23:44,760 Speaker 1: really good to keep in mind. Our next tip says, 503 00:23:45,000 --> 00:23:48,080 Speaker 1: I get a new Quantus Frequent Flyer card every year 504 00:23:48,160 --> 00:23:50,960 Speaker 1: because I look at the sign up fee versus the 505 00:23:51,000 --> 00:23:53,399 Speaker 1: amount of points that I get in bonus, and so 506 00:23:53,400 --> 00:23:56,600 Speaker 1: they've obviously worked out that it's better for them cost 507 00:23:56,640 --> 00:23:59,600 Speaker 1: wise to spend that money again but get a larger 508 00:23:59,600 --> 00:24:03,879 Speaker 1: bonus secondary time. Yes, smart, I know, very clever. I 509 00:24:03,920 --> 00:24:06,560 Speaker 1: feel like by doing that as well, you might also 510 00:24:06,640 --> 00:24:09,880 Speaker 1: be able to take advantage of I know that when 511 00:24:09,960 --> 00:24:13,240 Speaker 1: I signed up for my insurance, I got free access 512 00:24:13,280 --> 00:24:16,439 Speaker 1: to the Quantus Frequent fire program, So you might be 513 00:24:16,440 --> 00:24:18,320 Speaker 1: able to stack things that way so that you don't 514 00:24:18,320 --> 00:24:20,439 Speaker 1: pay the fee and you get a sexy sign up bonus. 515 00:24:20,480 --> 00:24:22,560 Speaker 1: To be honest, I don't think Conscious are going to 516 00:24:22,560 --> 00:24:24,520 Speaker 1: be all of that happy with me. But if you 517 00:24:24,680 --> 00:24:28,600 Speaker 1: google Quantus Frequent Flyer sign Up Free, it usually comes 518 00:24:28,680 --> 00:24:31,359 Speaker 1: up with a discount code. Oh I didn't give you 519 00:24:31,400 --> 00:24:34,560 Speaker 1: that information on this podcast. I love that. And the 520 00:24:34,640 --> 00:24:36,359 Speaker 1: very last tip that we have here is from Aaron 521 00:24:36,400 --> 00:24:38,399 Speaker 1: and she says that she follows a lot of credit 522 00:24:38,440 --> 00:24:42,040 Speaker 1: card hacking groups and websites like the points hack one 523 00:24:42,200 --> 00:24:44,440 Speaker 1: because people share up to date tips and tricks there 524 00:24:44,480 --> 00:24:46,639 Speaker 1: all the time. Like we said, it's always changing. So 525 00:24:46,680 --> 00:24:48,440 Speaker 1: if you're somewhere where you're seeing it all the time, 526 00:24:48,480 --> 00:24:52,000 Speaker 1: you're thinking about Facebook groups for this stuff, Jess, people 527 00:24:52,040 --> 00:24:54,800 Speaker 1: get obsessed over it. It's like the came up Mum's 528 00:24:54,840 --> 00:24:58,960 Speaker 1: Facebook groups. They go off points hacking exactly the same. 529 00:24:59,040 --> 00:25:01,359 Speaker 1: And some of these points hacking websites have like comment 530 00:25:01,400 --> 00:25:03,639 Speaker 1: sections and forums, and like, if you really want to 531 00:25:03,640 --> 00:25:06,800 Speaker 1: get really deep, you absolutely can. I Mean, the one 532 00:25:06,840 --> 00:25:09,280 Speaker 1: thing I would say to wrap this episode though, Jess, 533 00:25:09,400 --> 00:25:12,639 Speaker 1: is just be really careful that you're not spending beyond 534 00:25:12,680 --> 00:25:14,760 Speaker 1: your means and you're not signing up for things that 535 00:25:14,840 --> 00:25:17,119 Speaker 1: are gonna put you in a compromising position in the 536 00:25:17,119 --> 00:25:20,520 Speaker 1: long term, because nobody ever signs up to a credit 537 00:25:20,560 --> 00:25:23,199 Speaker 1: card with the intention of getting insignificant debt that they 538 00:25:23,200 --> 00:25:25,320 Speaker 1: can't get on top of. Like, no one is going 539 00:25:25,359 --> 00:25:27,520 Speaker 1: to do that because that just sounds silly, right, Like 540 00:25:27,560 --> 00:25:29,000 Speaker 1: I'm not going to be like, hey, just have this 541 00:25:29,080 --> 00:25:31,679 Speaker 1: credit card. It's really going to ruin your life, and 542 00:25:31,680 --> 00:25:33,520 Speaker 1: then you're gonna have this debt that's going to take 543 00:25:33,520 --> 00:25:36,399 Speaker 1: you more than seven years to pay back. You'd be like, no, 544 00:25:36,640 --> 00:25:40,080 Speaker 1: thank you, Victoria. That sounds terrible. Yeah, So I think 545 00:25:40,080 --> 00:25:42,800 Speaker 1: we need to just really reflect on our thoughts, our values, 546 00:25:42,840 --> 00:25:45,359 Speaker 1: our beliefs, and our behaviors and whether a credit card 547 00:25:45,440 --> 00:25:48,240 Speaker 1: is going to work. But as we covered in this episode, 548 00:25:48,240 --> 00:25:50,159 Speaker 1: there are a whole heap of points programs that you 549 00:25:50,160 --> 00:25:52,680 Speaker 1: can sign up to that don't require a credit card. 550 00:25:52,680 --> 00:25:55,040 Speaker 1: And maybe that's more akin to you, or maybe you 551 00:25:55,080 --> 00:25:57,320 Speaker 1: want to go the whole hog and have absolutely everything 552 00:25:57,760 --> 00:25:59,560 Speaker 1: you do you booth. Well, I'm gonna put a thread 553 00:25:59,560 --> 00:26:02,000 Speaker 1: in the Facebook group today, so go check it out 554 00:26:02,000 --> 00:26:04,480 Speaker 1: where you can share your top tips and tricks four 555 00:26:04,480 --> 00:26:06,440 Speaker 1: points hacking if you have any to share. I feel 556 00:26:06,440 --> 00:26:08,360 Speaker 1: like that's gonna be a fun thread that's going want 557 00:26:08,359 --> 00:26:10,439 Speaker 1: to know, it's gonna put me to shame. I'm going 558 00:26:10,480 --> 00:26:12,240 Speaker 1: to be like remember that time I got flights for 559 00:26:12,359 --> 00:26:15,080 Speaker 1: my honeymoon business class for free and they're like, Babe, 560 00:26:15,119 --> 00:26:17,480 Speaker 1: that was to Queensland. I got them to New York. 561 00:26:18,400 --> 00:26:21,800 Speaker 1: I'll sit down the back buye. Speaking of the Facebook group, 562 00:26:21,840 --> 00:26:23,480 Speaker 1: if you're not a member, we would love for you 563 00:26:23,520 --> 00:26:25,959 Speaker 1: to come and join us. The community shares tips and 564 00:26:26,000 --> 00:26:28,320 Speaker 1: tricks every single day, free of judgment, and you can 565 00:26:28,359 --> 00:26:31,120 Speaker 1: search She's on the Money on Facebook to join us. 566 00:26:31,359 --> 00:26:33,879 Speaker 1: If Facebook's not your thing, We're on Instagram. It's cute, 567 00:26:33,920 --> 00:26:36,720 Speaker 1: it's educational, it's a great time where She's on the 568 00:26:36,720 --> 00:26:40,200 Speaker 1: Money a US, don't forget. Lastly, if you enjoyed the app, 569 00:26:40,400 --> 00:26:43,040 Speaker 1: leave us a review, give us a rating, a star, 570 00:26:43,240 --> 00:26:45,600 Speaker 1: I love a star. I was that child, and we'll 571 00:26:45,600 --> 00:26:48,040 Speaker 1: put your rewards shot back on the fridge next week. 572 00:26:48,119 --> 00:26:50,440 Speaker 1: Jo oh my god. Please. But I think that's about 573 00:26:50,480 --> 00:26:53,800 Speaker 1: it for today. All from us today, See you later, guys, fine, 574 00:26:53,800 --> 00:27:01,960 Speaker 1: happy points hacking. The advice shared on She's on the 575 00:27:02,000 --> 00:27:04,719 Speaker 1: Money is general in nature and does not consider your 576 00:27:04,760 --> 00:27:09,160 Speaker 1: individual circumstances. She's on the Money exists purely for educational 577 00:27:09,240 --> 00:27:11,679 Speaker 1: purposes and should not be relied upon to make an 578 00:27:11,720 --> 00:27:15,000 Speaker 1: investment or financial decision. If you do choose to buy 579 00:27:15,000 --> 00:27:18,720 Speaker 1: a financial product, read the PDS TMD and obtain appropriate 580 00:27:18,760 --> 00:27:23,040 Speaker 1: financial advice tailored towards your needs. Victoria Divine and She's 581 00:27:23,080 --> 00:27:26,760 Speaker 1: on the Money are authorized representatives of Money Sherper Pty 582 00:27:27,000 --> 00:27:30,720 Speaker 1: Ltd ABN three two one six four nine two seven 583 00:27:30,880 --> 00:27:37,200 Speaker 1: seven zero eight AFSL four five one two eight nine