What is the value of Qantas frequent flyer points?

There is no set value assigned to the points you earn when it comes to Qantas frequent flyer points value. It all depends on how you redeem the points. You can spend the Qantas frequent flyer points for the following:

1. Flight Upgrades
2. Purchases in the Rewards Store
3. Purchasing Flights
4. Booking Hotels

For example, the value of one point can be low if used to buy a supermarket gift card. On the other hand, 1 Qantas point can be worth much more if you use it to upgrade your ticket from business to first class on an international flight.

At the time of writing, the cost for a return plane ticket domestically or internationally from Sydney, in terms of frequent flyer points, are as follows:

Note: See article for disclaimers.

You can redeem your Qantas points to upgrade your ticket on international and domestic flights, subject to availability. If seats on a domestic flight are available, the upgrade is immediate. 

However, upgrading international flights can be slightly more complex as Qantas uses different rules to prioritise who is eligible for an upgrade. So it may be better to redeem the points to pay for a ticket or partially pay for a ticket instead of using them to upgrade the ticket.

You can buy gift vouchers or products from the Qantas Rewards Store using your points. However, when used in the Rewards Store, the Qantas points worth is the lowest of all the options. Therefore, it’s advisable to choose this option only if the points are nearing expiry or you don’t plan to use your points for flight bookings.

You can use the points in two ways for flight bookings – Classic Flight Rewards and Points Plus Pay.

Through Classic Flight Rewards, you redeem a certain number of points to book the ticket for your flight. The number of points varies based on where you’re travelling and the cabin class. Generally, you’ll receive the best value if you redeem the points to book seats in premium economy, business, or first class. However, the number of points needed doesn’t depend on the actual price of the fare, so if the ticket price fluctuates, the number of points will be the same.

The actual ticket price is converted to Qantas Points with Points Plus Pay. Since the number of points needed is based on the seat’s commercial value, it’s at a lower conversion rate than Classic Flight Rewards bookings.

While checking what Qantas points are worth for flight bookings, bear in mind that seats are subject to availability as these are limited available for international travel and premium cabins.

If you’re wondering how much are Qantas Points worth for hotel bookings? You need to understand it doesn’t matter if it’s a domestic or international hotel. It also doesn’t matter if you stay in a three, four, or five-star hotel. Typically, the conversion rate of one point is 0.6 cents, but this is subject to change.

As you can see, answering the question, how much is a Qantas point worth depends on how you use it. Before you redeem these rewards, do some research to find the best offers maximising their worth.