Frequent Flyer Analysis: How much is 1 Qantas Frequent Flyer Point Worth?

Credit Card Deals

	Interest Rate p.a.	Balance transfer Rate p.a.
Virgin Australia Velocity Flyer Card - Balance Transfer Offer	20.99% p.a.	0% p.a. for 8 months
HSBC Platinum Qantas Credit Card	19.99% p.a.	0% p.a. for 6 months
American Express Qantas Discovery Card	20.74% p.a.

Frequent flyer points have proved to be quite a successful promotion among airlines throughout the world in encouraging loyalty among their passengers. As long as happy customers are accumulating rewards points they feel obliged to remain with the airline and that is the whole idea. The more you can accumulate rewards points the better chance you have getting your next flight at a cheaper rate than the advertised ticket price. You can also buy gifts and home-ware products from various outlets at bargain prices. However, you must have asked yourself many times in the past, is it all worth while or is it just another con to make you feel obliged to remain with the one carrier? In fact have you ever wondered just how much a frequent flyer point is actually worth in real value terms.

There are many ways you can amass rewards points with the Qantas Frequent Flyer points program. You can earn points every time you make a purchase with certain credit cards. You can earn points by eating out at certain restaurants. You don’t need to purchase airline tickets with Qantas to earn frequent flyer points, you can successfully keep adding to your total as you go about your everyday living, so the question arises just how much are these points really worth?

The Value of Rewards Points is in What You Can do With Them

If you are diligently adding to your Qantas Frequent Flyer Rewards point score day after day dreaming of that free flight to the Whitsundays, you could be a little taken-a-back to realise that on most occasions the points you are earning are usually less than one cent in value. On some occasions they might be worth just one third of a cent. However the real test comes when you come to redeem the points and put them to good use. In this case your rewards points can assume a value of up to 1.3 cents when being used to book on a Qantas flight but if you want to make use of them in the Qantas online frequent flyer store their value will be more likely be around 0.3 of a cent each

This is why, when dealing with frequent flyer points, you must deal in thousands, preferably hundreds of thousands and this takes a mighty lot of dedicated spending. You will always get better deals when you redeem your points on airline tickets, as after all that is really what they are all about. You can basically forget about using them to buy gifts or home-ware products.

With this in mind you should look at the best way to redeem your Qantas Frequent Flyer Rewards points on Qantas airline tickets and this too can vary. With this in mind you could use them to your best advantage by redeeming them in the following ways:

• Any Seat Award is all about comfort. Its about upgrading from economy class to silver, gold or platinum. When you first join the Qantas Club you will start at bronze level from there you can upgrade to silver level, then gold level and onto the top level, platinum. Each increase in status gives you more benefits. Silver members can get seats up front with better leg room for example along with priority check-in privileges.
• Classic Award Domestic flights need a little thinking about. If you redeem your points in this way you could well find yourself blowing 16,000 rewards points on a flight between Melbourne and Sydney which could cost as little as $180. If you do your maths on this you will find the trip actually cost you 90 points for every dollar cost or 18 points per mile. Could look like a good enough deal for some, but there are better deals available.
• Classic Award International flights will give you a better return if you have enough points on hand. In this case you can fly from Melbourne to London for $1,615.00 of splurge 128,000 Qantas Frequent Flyer points. This works out at 80 points to the dollar or just six points a mile. When you make the comparison with the domestic flight, 18 points a mile, you can clearly see where the better value is.
• The thing about Classic Awards is that a business class seat is double the points required for an economy seat which makes it a bit of a bargain. As this would work out at 108 points per dollar, only 18 more points than a domestic economy flight. If you were to upgrade to a business class seat by paying hard cash it would cost you twice that of the economy fare. Therefore paying twice the number of points makes it great value.

If you have a sufficient number it would appear that the most economical way to use your Qantas Frequent Flyer points would be in upgrading to business class from economy, but this is only a comfort consideration and it might not mean a lot to many travellers. Whatever you do, the amount of points you will need to make any significant difference is quite huge, but this doesn’t mean worthwhile benefits are unachievable. If you can obtain a Platinum Qantas Frequent Flyer membership you will achieve double points on purchases for a start. This means if you spend freely earning Woolworths Everyday Rewards and generally buy where you can earn points you should be able to reap the rewards within a reasonable space of time.

Compare Qantas Frequent Flyer Credit Cards

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			Interest rate (p.a.)	Balance transfer rate (p.a.)	Annual fee	Cash advance rate (p.a.)
	American Express Qantas Discovery Card	Points earned on eligible spending: 1 point per $1 Additional 1 point per $1 spent in Australia on specified Qantas products and services Benefits: Uncapped points earning ability 5,000 points on purchases within the first three months of becoming a member 2,500 points after first Card expenditure in Australia on specified Qantas products & services	20.74% p.a.		$0 p.a.
	American Express Qantas Premium Card	Points earned on eligible spending: 1.25 points per $1 Additional 1 point per $1 spent in Australia on specified Qantas products & services~ Benefits: 5,000 points after your first purchase on the card 2,500 points after first Card expenditure in Australia on specified Qantas products & services Travel insurance for purchasing eligible travel 2 Qantas Club invitations every year after first Card expenditure in Australia on specified Qantas products & services	20.74% p.a.		$249 p.a.
	American Express Qantas Ultimate Card	Points earned on eligible spending: 1.5 points per $1 Additional 1 point for every $1 spent in Australia on specified Qantas products & services~ Benefits: Uncapped points earning 5,000 points after first Card expenditure 42,500 points after you spend $500 on purchases with your card in the first 3 months of becoming a Card member 2,500 points after first Card expenditure in Australia on specified Qantas products & services Travel insurance for purchasing eligible travel			$450 p.a.
	ANZ Frequent Flyer	Points earned on eligible spending: 1.00 point per $1 spent using ANZ Frequent Flyer American Express card 0.50 point per $1 spent using ANZ Frequent Flyer Visa card Benefits: Two cards linked to a single account Earn Bonus Points at a number of Partner outlets	19.39% p.a.		$95 p.a. (which includes a $40 annual account fee and a $55 Rewards Program services fee)	20.99% p.a.
	BankSA Amplify	Points earned on eligible spending: 1 point per $2 spent Benefits: No fee for linking card to Amplify Qantas	18.74% p.a.	0.99% p.a. for 6 months	$0 p.a. annual fee for the first year ($79 p.a. thereafter)	20.74% p.a.
	Citibank Rewards Credit Card – Platinum Card	Points earned on eligible spending: 1.25 point per $1 spent Benefits: Earn bonus reward points	20.99% p.a.	1.5% p.a. for 15 months	$199 p.a.	21.74% p.a.
	Commonwealth Bank Awards Credit Card	Points earned on eligible spending: Up to 1.50 awards points per $1 spent using Commonwealth Bank Awards American Express Card Up to 1.00 awards points per $1 spent using Commonwealth Bank Awards MasterCard Up to 50,000 points per year Benefits: Two cards linked to a single account $10 annual fee to opt in to Qantas Frequent Flyer Direct	0% p.a. for 5 months (reverts to 20.24% p.a.)	5.99% p.a. for 5 months	$89 p.a. ($59 for qualifying customers)	21.24% p.a.
	Commonwealth Bank Gold Awards Credit Card	Points earned on eligible spending: Two cards linked to a single account $10 annual fee to opt in to Qantas Frequent Flyer Direct Complimentary international travel insurance Global Connection international travel and emergency service Benefits: Two cards linked to a single account $10 annual fee to opt in to Qantas Frequent Flyer Direct	0% p.a. for 5 months (reverts to 20.24% p.a.)	5.99% p.a. for 5 months	$144 p.a. ($114 for qualifying customers)	21.24% p.a.
	Commonwealth Bank Platinum Awards Credit Card	Points earned on eligible spending: Up to 3.00 awards points per $1 spent using Commonwealth Bank Platinum Awards American Express Card Up to 1.00 awards point per $1 spent using Commonwealth Bank Platinum Awards MasterCard Earn up to 250,000 points per year Benefits: Two cards linked to a single account $10 annual fee to opt in to Qantas Frequent Flyer Direct Complimentary international travel insurance Platinum connection concierge service	0% p.a. for 5 months (reverts to 20.24% p.a.)	5.99% p.a. for 5 months	$280 p.a. ($250 for qualifying customers)	21.24% p.a.
	HSBC Platinum Qantas Credit Card	Points earned on eligible spending: 2 complimentary invitations to the Qantas Club lounge every year 1 point per $1 eligible spend in Australia 2 points per $1 eligible spend overseas Benefits: Additional cards at no cost Comprehensive Insurance Cover	19.99% p.a.	0% p.a. for 6 months	$199 p.a.	21.99% p.a.
	NAB Qantas Rewards Card	Points earned on eligible spending: $0-$1,000: – 1 point per $1 spent using American Express Card – 1 point per $2 spent using MasterCard Card $1,001-$3,000: – 1 point per $2 spent using American Express Card – 1 point per $4 spent using MasterCard Card Above $3,000, no further points earned Benefits: Complimentary purchase protection insurance Two cards linked to a single account- NAB Qantas American Express Classic Card and a NAB Qantas Visa Card or NAB Qantas MasterCard	19.99% p.a.	4.99% p.a. for 6 months	$65 p.a.	21.74% p.a.
	NAB Qantas Rewards Premium Card	Points earned on eligible spending: 1.5 points per $1 spent using American Express Card 2 points per $3 spent using Visa Card Benefits: Complimentary insurances such as overseas travel, extended warranty and purchase protection NAB Platinum Concierge service Two cards linked to the a single account – NAB Qantas American Express Classic Card and a NAB Qantas Visa Card	19.99% p.a.	4.99% p.a. for 6 months	$250 p.a.	21.74% p.a.
	St.George Amplify	Points earned on eligible spending: Earn 1 Amplify point per $1 spent Benefits: Free to link your card to Amplify Qantas	18.74% p.a.	0.99% p.a. for 6 months	$0 p.a. annual fee for the first year ($79 p.a. thereafter)	20.74% p.a.
	Suncorp Clear Options Gold Visa Card	Points earned on eligible spending: 1 points per $1.50 spent Benefits: Complimentary International Travel Insurance	20.50% p.a.	1.9% p.a. for 9 months	$120 p.a.	20.74% p.a.
	Westpac Earth Classic	Points earned on eligible spending: 1 point per $1 spent using Earth American Express Card 0.5 points per $1 spent using Earth MasterCard Benefits: Uncapped points Two cards linked to a single account	19.99% p.a.	0.99% p.a. for 6 months	$75 p.a.	21.49% p.a.
	Westpac Earth Platinum Card	Points earned on eligible spending: 1.00 point per $1 spent using Earth Platinum American Express Card 0.50 points per $1 spent using Earth Platinum MasterCard Benefits: Uncapped points Complimentary overseas travel insurance cover Two cards linked to a single account	19.99% p.a.	0.99% p.a. for 6 months	$125 p.a.	21.49% p.a.

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Frequent Flyer Rewards Deals

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			Interest rate (p.a.)	Balance transfer rate (p.a.)	Annual fee	Cash advance rate (p.a.)
	Virgin Australia Velocity Flyer Card - Balance Transfer Offer	A low balance transfer offer with a low annual fee.	20.99% p.a.	0% p.a. for 8 months	$64 p.a. annual fee for the first year ($129 p.a. thereafter)	20.99% p.a.
	HSBC Platinum Qantas Credit Card	Receive 20000 Bonus Qantas Frequent Flyer points plus a balance transfer offer.	19.99% p.a.	0% p.a. for 6 months	$199 p.a.	21.99% p.a.
	American Express Qantas Discovery Card	A no annual fee frequent flyer credit card from American Express. Earn 1.00 Qantas Frequent Flyer point per $1 spend.	20.74% p.a.		$0 p.a.

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Credit Cards Comparison

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			Interest rate (p.a.)	Balance transfer rate (p.a.)	Annual fee	Cash advance rate (p.a.)
	ANZ Low Rate	A low rate on purchases, balance transfer and a low annual fee.	13.14% p.a.	0% p.a. for 9 months	$58 p.a.	21.49% p.a.
	HSBC Credit Card	No annual fee for the life of the credit card. Plus a low balance transfer offer.	17.99% p.a.	0% p.a. for 6 months	$0 p.a.	21.99% p.a.
	Bankwest Zero Platinum MasterCard	Exclusive Offer to Credit Card Finder. No annual fee credit card with platinum benefits.	17.99% p.a.	0% p.a. for 9 months	$0 p.a.	21.99% p.a.
	Commonwealth Bank Low Rate Credit Card	A low interest rate offer on purchases and balance transfers.	0% p.a. for 5 months (reverts to 12.99% p.a.)	5.99% p.a. for 5 months	$78 p.a. ($48 for qualifying customers)	21.24% p.a.
	ANZ Platinum Credit Card	No annual fee for the first year and a balance transfer offer.	19.39% p.a.	0% p.a. for 9 months	$0 p.a. annual fee for the first year ($87 p.a. thereafter)	20.99% p.a.

* The credit card offers compared on this page are chosen from a range of credit cards CreditCardFinder.com.au has access to track details from and is not representative of all the products available in the market. Products are displayed in no particular order or ranking. The use of terms 'Best' and 'Top' are not product ratings and are subject to our disclaimer. You should consider seeking independent financial advice and consider your own personal financial circumstances when comparing cards.