2024 Update: See our updated article for the value of Qantas points.
How much are your Qantas, Velocity, Everyday Rewards and Flybuys points worth? The answer varies depending on how you choose to redeem them, but the gist of it is:
- 1 Qantas point = 0.5 cents to 6 cents
- 1 Velocity point = 0.5 cents to 6 cents
- 1 Everyday Rewards point = 0.5 cents
- 1 Flybuys point = 0.5 cents
What are Everyday Rewards points worth?
Everyday Rewards gives you two options for redeeming your points. Once you reach 2,000 Everyday Rewards points you can either receive $10 in Everyday Rewards dollars or 1,000 Qantas points. Everyday Rewards dollars can be spent at Woolworths, Big W, BWS as well as EG Ampol petrol stations on mainland Australia. If you choose to receive the dollars off your shop, the value of a single Everyday Rewards point is 0.5 cents.
However, if you choose to convert to Qantas points the value of those points is determined by what you redeem them for. Scroll down to the Qantas points section of this article to learn more.
What are Flybuys points worth?
Similarly, Flybuys also gives you options when it comes to your points. 2,000 Flybuys points can be converted to $10 in Flybuys dollars which can be spent at Coles, Kmart, Target, Officeworks, Liquorland, First Choice Liquor, Coles Express and Mycar Tyre & Auto. Flybuys also gives you the option of buying gift cards and products from its online store. Whether you choose to take $10 off your supermarket shop, swap your points for a gift card or buy an iPhone, the value of a single Flybuys point is equal to 0.5 cents.
If, however, you choose to convert your Flybuys points to Velocity points, you could see yourself getting more or less value depending on what you spend those Velocity points on. Scroll down to the Velocity points section for more information.
What are Qantas points worth?
The value of a Qantas point varies heavily depending on how you choose to redeem it. As you can see from the graph below, flight redemptions – especially those in first and business class – offer the best bang for your buck. Domestic economy is an okay way to spend your points if you’re not interested in travelling in a higher class. Gift cards, products, car hire and hotels offer comparatively poor value.
The values in this graph were obtained by analysing hundreds of airfares with the lowest priced paid fare divided by the total number of points needed to book the same flight, less any taxes and fees. These calculations were then averaged for each flight category. 0-1 cents per point is considered bad value, 1-3 cents is okay and 3+ cents is considered good.
Calculate the value of your Qantas points:
A few things to note:
- Redeeming flights isn’t always easy, particularly if you’re trying to fly international business or first class on a flight that begins or ends in Australia. Those who are flexible with their travel plans and can book well in advance will have a much greater chance of redeeming seats at the pointy end of the plane.
- Unlike the domestic flight values which only apply to Qantas operated flights, the international flight values were calculated using flights on both Qantas and its partner airlines (Emirates, Oneworld etc).
- If you’re receiving Qantas points from Everyday Rewards you should only redeem them on flights as anything else will offer worse value than Everyday Rewards dollars.
- The flight redemption values are for guidance only. Some reward flights may offer considerably better or worse value.
What are Velocity points worth?
The value of a Velocity point also varies greatly depending on how you decide to spend it. As shown in the graph below, flight redemptions provide the most value, especially international flights in premium economy, business and first class. Other flight redemptions are still an acceptable way to spend your points. Gift cards, products, car hire and hotels are not recommended.
The values in this graph were obtained by analysing hundreds of airfares with the lowest priced paid fare divided by the total number of points needed to book the same flight, less any taxes and fees. These calculations were then averaged for each flight category. 0-1 cents per point is considered bad value, 1-3 cents is okay and 3+ cents is considered good.
Calculate the value of your Velocity points:
A few things to note:
- Redeeming flights isn’t always easy, particularly if you’re trying to fly international business or first class. Those who are flexible with their travel plans and can book well in advance will have a much greater chance of redeeming seats at the pointy end of the plane.
- Unlike the domestic flight values which only apply to Virgin Australia operated flights, the international flight values were calculated using flights on both Virgin Australia and its partner airlines (Singapore Airlines, Qatar, United etc).
- If you’re receiving points from Flybuys make sure whatever you redeem them on is worth at least 1 cent per Velocity point otherwise you would be better off converting them to Flybuys dollars.
- The flight redemption values are for guidance only. Some reward flights may offer considerably better or worse value.
