Qantas has released a new loyalty program called Acquire specifically targetted at small to medium businesses, but is it worth it?
The frequent flyer program is called, Acquire, and it essentially allows anyone with an ABN number to earn “Acquire Points” from their everyday business related expenses and transactions. The Acquire Points can be converted into Qantas points 1:1 and transferred to an individual’s Frequent Flyer membership.
So how is this any different to just using a credit card for purchases to earn points?
The main difference here is that you can earn both Acquire Points as well as personal frequent flyer points for the one transaction. Booking a Qantas flight for example means that you will earn frequent flyer points under your personal membership in addition to Acquire Points for your business.
While that may sound like a quicker way to rack up some frequent flyer points, it’s worth remembering that earning Acquire points is limited to transactions made only with “soon to be announced partners across financial services, professional services, vehicle and office related costs and other business expense categories” according to the Qantas press release.
As always, whether this is worth looking into depends on who these partners turn out to be. If you ask us, there's not much point spending money somewher just for the sake of earning extra points if they turn out to be more expensive than where you'd usually spend your money.
Also keep in mind that there is also an annual membership fee for Acquire which is separate to the annual Frequent Flyer program membership fee. Qantas is waiving the membership fee for the first year for businesses that sign up within the first six months.