How much is 1 Qantas Point worth?
We've calculated exactly how much your Qantas Points are worth and the rewards that give you the most value.
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The best part of being a Qantas Frequent Flyer member is that you get to redeem your hard-earned Qantas Points for rewards. The ways you can use points have grown over the years, and now you can redeem your points for literally anything travel-related as well as over 8,000 products and gifts cards from the Qantas Store. But not all redemptions are equal.
How much is a Qantas Point worth?
We've crunched the numbers to show just how much value you can get from your points. The infographic below provides a summary of the rewards that offer the least to most value (as well as how easy or difficult they are to redeem).
But how did we work that out? Through some careful research. In the table below, we've shown the points you need for a range of flight options and their typical average dollar value as well as items you can purchase from the Rewards Store. (All calculations are based on June 2018 prices. Points values for purchasing flights are for Classic Flight rewards.)
We've quoted the value here based on how much you get per 1,000 points. There are two reasons for this: the maths is easier to follow, and most redemptions require thousands of points anyway. Click at the top of any column to sort.
|Purchase||Qantas Points||Cost||Value/1,000 points|
|Sydney to Perth (Economy) return||36,000||$533||$14.80|
|Sydney to Melbourne (Economy) return||16,000||$321||$20.10|
|Melbourne to Brisbane (Economy) return||24,000||$321||$13.40|
|Sydney to Perth (Business) return||72,000||$2,600||$36.10|
|Sydney to Melbourne (Business) return||32,000||$998||$31.20|
|Melbourne to Brisbane (Business) return||48,000||$1,200||$25.00|
|Sydney to Perth return, upgrade from Economy to Business (2018)||50,000||$2,067||$41.30|
|Sydney to Los Angeles return (Economy)||90,000||$1,503||$16.70|
|Sydney to Los Angeles return (Premium Economy)||144,000||$5,096||$35.40|
|Sydney to Los Angeles return (Business)||192,000||$10,416||$54.30|
|Sydney to Los Angeles return (First)||288,000||$16,926||$58.80|
|Sydney to Los Angeles return (Economy to Premium upgrade)||113,000||$3,592||$31.80|
|Sydney to Los Angeles return (Economy to Business upgrade)||180,000||$8,913||$49.50|
|Sydney to Los Angeles return (Premium to Business upgrade)||90,000||$5,321||$59.10|
|Sydney to Los Angeles return (Business to First upgrade)||101,500||$6,510||$64.10|
|iPhone X 256GB||281,110||$1,829||$6.51|
|David Jones Gift Card||16,530||$100||$6.05|
|KitchenAid KSM170 Stand Mixer||149,450||$929||$6.22|
|Village Gold Class Adult Ticket x2||11,110||$57||$5.09|
|Dyson Cyclone V10 Absolute||164,690||$999||$6.07|
|DeLonghi Lattissima Pro||149,450||$539||$3.61|
|Samsung 40L Microwave (White)||62,260||$199||$3.20|
Which rewards offer me the best value for my money?
There's a really simple rule you can follow when redeeming Qantas Points:
THE POINTS FINDER RULEWhen redeeming points, make sure you get at least $20 of value for every 1,000 Qantas Points you spend.
As the table shows, the best value comes from flight upgrades, followed by business class flights, followed by economy flights, followed by store purchases.
Two extreme examples: using your points for an upgrade from business to first can score you $64 in value per 1,000 Qantas Points, while buying a microwave gets you just $3.19 in value for the same number of points. At that rate, you might be better off buying the item with a frequent flyer credit card and earning Qantas Points on the purchase instead.
Bear in mind that the highest-value rewards are also the hardest to get. Qantas typically only releases a handful of first- and business-class international seats that can be purchased with points, and these are often snapped up by high-status flyers.
An economy domestic flight can still represent good value, especially if you use points to book a flight during peak periods (such as Friday afternoons or during school holidays – if you can find a reward seat).
How can I get the most value from my Qantas Points?
- Classic flight rewards
Classic flight rewards are the cheapest flight rewards you can redeem with Qantas Points. There are special conditions attached to these flights that you should be aware of, including the fact that you have to pay taxes, fees and carrier charges in cash, and the fact that you cannot earn Qantas Points or status credits on these flights.
Also, only a limited number of seats are available for this class of redemptions, and some flights don't even offer seats for classic flight rewards redemptions. This means you have to book early if you want to redeem a classic flight reward.
- Do your research and do the math
While the general rule that "upgrades beat flights and flights beat store purchases" is a useful guide, you should still check values carefully. You might miss out on getting the best value for your points if you head straight for flight redemptions and automatically pass over on the other available rewards that are actually on your "to-buy" list.
If the Qantas Store stocks items that you already need or want to purchase, there's no harm looking at how much they cost in Qantas Points and comparing that to their retail dollar value.
The way to calculate the value of a Qantas Point is by dividing the item's retail/dollar cost by the number of Qantas Points you'd need to buy the item. This easy process works for any other rewards program and will help you get the most value out of your points.
- Points Plus Pay
Qantas also allows you to supplement your points with cash when purchasing an item. This option is available for flights, hotel stays and goods at the Qantas Store. The minimum number of points you can use on a flight is 2,000, so you must have at least that many points in your account if you want to pay the difference with cash.
This scheme rarely works in your favour though and is not designed to be a sly way to stretch your Qantas Points. You'd only want to use this if you're genuinely short of points for a purchase.
While your Qantas Points are designed to reward you, they can feel like a burden if they're not worth the price you're paying to get them. Weighing up their value also means you have to factor in the cost of your Qantas Frequent Flyer credit card because those points become more expensive to earn if you're paying a high yearly premium for the card. So make sure you're using the right card, and make sure you're redeeming the right rewards.
Example: What's the best way to use 50,000 Qantas Points?
We know the value of Qantas Points varies based on how you use them. So how does that work in the real world? Let's take a look at an example using 50,000 Qantas Points – an amount you could earn in one go through a bonus points offer on a credit card.
When you're working out the best way for you to use these points, we need to think about the following:
- Dollar value of rewards. In some cases, a bonus 50,000 points could give you over $1,000 of value (particularly for flight and upgrades). In other cases, you may only end up $300 better off.
- Additional costs. Most Qantas bonus point offers require you to sign up for a service or meet spending requirements. If there are additional costs attached, such as a credit card annual fee or interest charges, make sure you weigh them up against the value of the points to decide if it's worth it in the short- and long-term.
- What you want. Everyone has a different idea of the best type of reward and it might not always be the one with the highest dollar value. Ultimately, getting what you want with 50,000 points is the best outcome.
On their own, the first two factors will give you the best way to use 50,000 Qantas Points based on the dollars spent and gained through the points. But what you want is a less fixed part of the picture.
With that in mind, here are a few examples of the rewards you can get with 50,000 Qantas Points based on details from the Qantas Frequent Flyer website in July 2021.
|Reward||Points needed||Dollar value||Value per 1,000 points||Who is this good for?|
|Sydney to Coolangatta (Gold Coast) return business class flight||36,800 Qantas Points||$1,369||$37.20||Sydney-siders who want to holiday in style on the Gold Coast.|
|Brisbane to Melbourne return economy class flight for 2 people||48,000 Qantas Points||$756||$15.75||A Brisbane couple or friends wanting a weekend in Melbourne.|
|2-night stay at Adina Apartment Hotel Brisbane||48,000 Qantas Points||$467||$9.73||A couple looking for a romantic weekend stay.|
|JB Hi-Fi $250 digital gift card||49,250 Qantas Points||$250||$5.07||Someone who often shops at JB Hi-Fi or who wants to use points to get a gift for someone.|
|Fitbit Charge 4 fitness tracker||43,300 Qantas Points||$179.95||$4.16||Someone who wants to keep track of their fitness without paying hundreds of dollars for a Fitbit.|
As you can see, flights offer the highest dollar value, but even then the value depends on where you're going and whether you're flying in economy or business. And the lowest value reward? In this case, it's the Fitbit.
Want to boost your Qantas Points balance?
Compare these credit cards with bonus points offers and redeem your next reward sooner.
We update our data regularly, but information can change between updates. Confirm details with the provider you're interested in before making a decision.
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