![]() Today, Steve runs iFLYflat, a company he says is a kind of financial planner for frequent flyer point collectors. I didn’t have to do anything for them, the points just came.” Soon I had enough to fly business class on my own holiday. “I realised that I was collecting these frequent flyer points that very quickly added up. “One day, the bank was generous enough to send me on a business class trip to India. “I was there for about 11 years and had to travel a fair bit,” Steve says. “There are probably hundreds of billions of points active across 12.8 million members of the Qantas Frequent Flyer programs, representing more than $1 billion in redeemable value.” The points whispererĪbout eight years ago, CPA Steve Hui was working for Macquarie Bank. “Frequent flyer points across the world are known as ‘the second currency’ and it’s not specific to Australia,” Daniel says. Such is the fervour among QBR members for collecting points it has been suggested that Qantas has created another ‘currency’ to rival the Australian dollar. ![]() However, accruing points as part of normal operations means adding value that would not otherwise be added.” “A small business should not change spending habits or suppliers simply to earn frequent flyer points. “Although the terms and conditions state that the points have no value – in the sense that you can’t sell them for cash – they have an inherent value depending on what a business redeems them for. “The main benefit of frequent flyer programs for small business is the same as it is for individuals,” Daniel says. It offers a free email course, access to a community of points collectors, and a raft of guides, deals and reviews. “For example, when flying with Qantas, a business (including sole traders) can add its ABN and allow the business and the individual flyer to earn Qantas points, as long as the business is registered for GST.” The Qantas Frequent Flyer program has almost 13 million members, and QBR has more than 250,000.ĭaniel Sciberras of Point Hacks, an online repository that helps individuals and businesses to maximise their frequent flyer points, says the QBR program is great for small businesses. The more they fly, the more they save and the more points they earn. QBR members can earn Qantas Points for their business and receive discounts on flights.
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