How much are qantas frequent flyer points worth? Is it worth signing up for?

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Qantas

• 

  indium on 23/07/2014 - 14:29

  Lots of discussion about FF points and similar situation here:

  50,000 Qantas FF Points with ANZ Platinum FF Credit Card (First Year Annual Fee Waived)

  100,000 points = $666 in woolies gift cards

  • 

    [Deactivated] on 25/07/2014 - 15:43

    Are there any ramifications if you get the ANZ card, spend enough money on it to get the FF points and then cancel it before the first year ends?

    I'm thinking about doing that to avoid the ongoing fees, but really want to avoid any nasty, costly surprises

• 

  hazwing on 23/07/2014 - 14:37

  One of the main things I'd like to know is how much do you need to pay in taxes in addition to the points redeemed? say for example the flight from bris->sydney

  • 

    Colin2905 on 23/07/2014 - 17:23

    Brisbane to Sydney (or vice-versa) is 8000 points plus $35. Looking at prices for July next year (as far ahead as you can book at the moment), the cheapest tickets are $146 each way. So for that example, each point is worth a shade under 1.4¢.

    You can have a look for yourself if you join QFF and login, but whatever you do, don't pay a joining fee. If there isn't an offer floating around when you need one, there's always the Woolworths EDR card method to fall back on.

• 

  mskeggs on 23/07/2014 - 14:48

  I think if you calculate the worth on points based on their worth in redeemed gift cards you get the closest to what they are actually worth.
  Yes, they are worth more in dollars for flight upgrades and classic reward tickets, but I have found those avenues restrictive to redeem.
  If it looks like a good deal with the points valued as gift cards, then go for it.
  For me, a point works out at about 1 percent, certainly nothing like 3-4%, and regularly not worth it at all where there is a cc surcharge.
  If the guy is really talking it up, ask him for an equivalent discount - then his bank won't have to buy the points from Qantas to give to you.

  • 

    Baghern on 23/07/2014 - 15:14

    From what some people say it sounds like its can get crazy good like 8%+…

    Its 3%-4% for people who already pay for those extreme services like business class and first class, or international travel.

    For the rest of us, its luxury at an affordable price.

    Like upgrading to business class to Hong Kong for the equivalent in gift cards of a couple of hundred dollars

    or think of it as in
    you get $10 towards a $10,000 LV bag
    or
    $1 towards a $100 bag

    • 

      mskeggs on 23/07/2014 - 16:33

      A return economy flight to Hong Kong is 60k points, 120k for business. Last time I did that route on points, the fees and taxes were almost as much as a ticket on AirAsia. So in effect, my points paid for an upgrade from AirAsia style flying to Qantas style. Our circumstances made it worthwhile, but if you are happy with budget airlines then Qantas prices can be a big step up.
      Remember also that award flights have pretty limited availability, and very limited availability at peak times.
      If somebody else is paying for your Qantas flight (like work) then points can be a useful way to upgrade, but the reward points are not a great currency.
      If you spend more than $15-$20k on a credit card each year, the points will more than cover the fees. If you don't, it would take some convincing t get me to sign up.

      • 

        hazwing on 27/07/2014 - 17:24

        so for a flight to hong kong, about how much did you pay for taxes? How much is an average flight the hong kong worth?

        I may consider flying to japan or taiwan sometime in future.

      • 

        Colin2905 on 27/07/2014 - 20:57

        @hazwing:

        I picked some random dates in May next year….

        For SYD to HKG direct, it's 30,000 points + $206.
        For HKG to SYD direct, it's 30,000 points + $174.
        So return is 60,000 points (as mskeggs said), plus $380.

        The lowest Qantas return fare is currently $808, which would value the points at a piddling 0.7¢ (approx) each. I wouldn't do it. (I aim to extract at least 1.5¢ per point.)

      • 

        [Deactivated] on 27/07/2014 - 21:27

        @Colin2905:

        As a comparison for value, QFF points redeemed for Auto Rewards gift cards are worth 0.66cents.

• 

  Davo1111 on 23/07/2014 - 16:45

  $500 woolworths gift card is 74,700 points.

  $100 woolworths gift card is 15,100 points.

  The "products" on there are REALLY bad value as they base the points at RRP value, not actual selling price.

  There was a link here recently where someone had done the maths, basically: upgrades > vouchers > physical products in terms of value

  • 

    [Deactivated] on 24/07/2014 - 14:44

    If you're going for vouchers, redeem the Big W vouchers. You get more value for your points and they can be used at Woolworths as well as Big W (even though it doesn't say that on the cards).