How much is 1 Qantas Point worth?

We've calculated exactly how much your Qantas Points are worth and the most cost-effective rewards to redeem them for.

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The best part of belonging to the Qantas Frequent Flyer program is that you get to redeem your hard-earned Qantas Points for rewards. The gamut of goodies on offer to members has grown over the years, and now you can redeem your points for literally anything travel-related as well as 8,000+ products and gifts cards available in the Qantas Store.

Your Qantas Points can get you a variety of rewards, including homeware, tech toys, car rentals, fine wine, gold class movie tickets and first class air ticket upgrades. However, not all redemptions are equal.

June 2019 update: Qantas Frequent Flyer overhaul

Qantas recently announced a range of changes to its frequent flyer program. The information below is in the process of being updated to reflect the 2019 changes.

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.

PurchaseQantas PointsCostValue/1,000 points
Sydney to Perth (Economy) return36,000$533$14.80
Sydney to Melbourne (Economy) return16,000$321$20.10
Melbourne to Brisbane (Economy) return24,000$321$13.40
Sydney to Perth (Business) return72,000$2,600$36.10
Sydney to Melbourne (Business) return32,000$998$31.20
Melbourne to Brisbane (Business) return48,000$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 256GB281,110$1,829$6.51
David Jones Gift Card16,530$100$6.05
KitchenAid KSM170 Stand Mixer149,450$929$6.22
Village Gold Class Adult Ticket x211,110$57$5.09
Dyson Cyclone V10 Absolute164,690$999$6.07
DeLonghi Lattissima Pro149,450$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 RULE

When 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 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 cash with your credit card and collecting more Qantas Points on the purchase.

Bear in mind that the highest-value rewards are also the hardest to attain. 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).

For instance, we've calculated the value of points for a Sydney to Melbourne flight based on a $321 return fare. During peak periods, you could easily pay that much in each direction, so a rewards flight would be worth much more.

Complete guide to using Qantas Frequent Flyer points

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 beat store purchases" is a useful guide, you should always 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 researching how much they cost in Qantas Points and comparing that to retail dollars. 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 step 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 5,000, so you must have at least 5,000 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.

Want to boost your Qantas Points balance?

Compare these credit cards with bonus points offers and redeem your next reward sooner.

Data indicated here is updated regularly
Name Product Bonus points Rewards program Rewards points per $ spent Purchase rate Annual fee
Qantas Premier Platinum
100,000
Qantas Frequent Flyer
1
19.99% p.a.
$199 annual fee for the first year ($299 p.a. thereafter)
Get 100,000 bonus Qantas Points, 75 bonus Status Credits and a 0% p.a. balance transfer rate for 18 months (with a one-time 1% BT fee).
NAB Qantas Rewards Signature Card
130,000
Qantas Frequent Flyer
1
19.99% p.a.
$295 annual fee for the first year ($395 p.a. thereafter)
Up to 130,000 bonus Qantas Points (100k when you spend $3,000 in the first 60 days and 30k after 12 months). Plus, a reduced first year annual fee.
ANZ Frequent Flyer Black
120,000
Qantas Frequent Flyer
1
20.24% p.a.
$425
Collect 120,000 bonus Qantas Points and $200 back when you spend $3,000 in the first 3 months. Plus, complimentary lounge passes.
Qantas American Express Ultimate Card
100,000
Qantas Frequent Flyer
1.25
20.74% p.a.
$450
Receive 100,000 bonus Qantas Points and $200 back on your card when you spend $3,000 within the first 3 months. Plus, a yearly $450 Travel Credit.
Westpac Altitude Platinum Qantas
60,000
Qantas Frequent Flyer
0.5
20.49% p.a.
$99 annual fee for the first year ($200 p.a. thereafter)
Get 60,000 bonus Qantas Points when you spend $3,000 within 90 days. Plus, a first-year annual fee discount and a long-term balance transfer offer.
NAB Qantas Business Signature Card
100,000
Qantas Frequent Flyer
0.66
18.5% p.a.
$295
Receive 100,000 bonus Qantas Points and earn points on everyday business purchases. Also get up to 44 days interest-free. ABN required.
St.George Amplify Platinum - Qantas
70,000
Qantas Frequent Flyer
0.5
19.74% p.a.
$99
Earn 70,000 bonus Qantas Points, plus enjoy 0% p.a. on balance transfers for 15 months and complimentary insurance covers.
Qantas American Express Premium Card
80,000
Qantas Frequent Flyer
1
20.74% p.a.
$249
Enjoy 80,000 bonus Qantas Points, $200 back and 2 complimentary Qantas Club lounge invitations per year.
Bank of Melbourne Amplify Platinum - Qantas
70,000
Qantas Frequent Flyer
0.5
19.74% p.a.
$99
Receive 70,000 bonus Qantas Points when you spend $1,500 each month for the first 3 months and earn up to 0.5 Qantas Points per $1 spent.
BankSA Amplify Platinum - Qantas
70,000
Qantas Frequent Flyer
0.5
19.74% p.a.
$99
Receive 70,000 bonus Qantas Points when you spend $1,500 each month for the first 3 months. Plus a 0% balance transfer offer.
Qantas American Express Discovery Card
N/A
Qantas Frequent Flyer
0.75
20.74% p.a.
$0
Earn 0.75 Qantas Points for your everyday purchases, uncapped, and pay $0 annual fee for the life of the card on this no-frills frequent flyer card.
American Express Qantas Business Rewards Card
150,000
Qantas Business Rewards
1.25
N/A
$450
ABN holders w/ $75,000 revenue. Get 150,000 bonus Qantas Points, 2 yearly Qantas Club lounge passes and 3x points on eligible Qantas flights.
Westpac Altitude Platinum Card
80,000
Westpac Altitude Rewards
1
20.49% p.a.
$99 annual fee for the first year ($150 p.a. thereafter)
Earn 80,000 bonus Altitude Points when you spend $3,000 within 90 days. Plus, a first-year annual fee discount and a long-term balance transfer offer.
Westpac Altitude Black
150,000
Westpac Altitude Rewards
1.25
20.49% p.a.
$250
Earn 150,000 bonus Altitude Points when you meet the spend requirement. Plus, 2 yearly Priority Pass lounge invitations.
Bank of Melbourne Amplify Signature
200,000
Amplify Rewards
1.5
19.74% p.a.
$139 annual fee for the first year ($279 p.a. thereafter)
Up to 200,000 bonus points (130k in the first year & 70k in the second year) when you spend $12k/year for the first 2 years.
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10 Responses

    Default Gravatar
    davidJune 15, 2018

    how much is 1,000,000 quantas points and where can I fly to return from Auckland and accommodation as well.

      Default Gravatar
      ArnoldJune 16, 2018

      Hi David,

      Thanks for your inquiry

      The value of a Qantas point will depend on the reward you are redeeming. You can book your flight to Auckland and book a hotel room using your Qantas points by clicking on this link. Please select the corresponding category to book flights and hotel accommodation. The required points will be displayed upon selecting your booking preference.

      Hope this information helps

      Cheers,
      Arnold

    Default Gravatar
    DawnMarch 23, 2018

    I have had Qantas frequent flyer points stolen. I am reporting it and am being asked the value. I’m finding it hard to assess that. Could you please tell me what 15,300 points are worth in money value? I just need them restored. Thanks.

      Avatarfinder Customer Care
      MayMarch 26, 2018Staff

      Hi Dawn,

      Thanks for your inquiry.

      Qantas Points cannot be converted to or exchanged for money. Although on the average, one Qantas point is worth 0.76 cents, which you can use to redeem for flights, hotel accommodation and shopping deals. If you think you’re having problems with your Qantas Points, please get in touch Qantas customer support team directly.

      Cheers,
      May

    Default Gravatar
    BrianJuly 10, 2017

    Hi why does it cost qantas 32,000 points to fly to Armidale, yet only 48,000 points to fly to Phuket? It used to be 8,000 points for a domestic flight?
    Thanks
    Brian

      Default Gravatar
      JonathanJuly 12, 2017

      Hi Brian!

      Thanks for the inquiry!

      It is hard for me to assess your claim because we don’t know your flight origin. However, your points usage would usually depend on the trip, booking dates, add-ons such as baggage, and your destination.

      Based on our page, we still have 8,000 points as the lowest among the domestic flights.

      You can inquire this matter with Qantas for further verification.

      Hope this helps.

      Cheers,
      Jonathan

    Default Gravatar
    JonoApril 17, 2017

    I am confused with changes in credit cards,I had Amex with ANZ and they are cancelling Amex from August so have shopped around an it is going to cost me $249 PA for a card that I will probably earn about 24000 Qantas F/F points.
    Is it worth it?

      Avatarfinder Customer Care
      HaroldApril 18, 2017Staff

      Hi Jono,

      Thank you for your inquiry.

      Unfortunately, we cannot recommend what is worth for you. Our company finder.com.au is a financial comparison website and general information service designed to help consumers to make a better decision. Please note we do not represent any company we feature on our pages.

      It would be nice if you can directly coordinate with the provider the current issue you are experiencing.

      Cheers,
      Harold

    Default Gravatar
    SarkonMarch 29, 2017

    How many frequent flyer is needed to redeem flight Sydney to Phuket return flight

      Avatarfinder Customer Care
      DeeMarch 29, 2017Staff

      Hi Sarkon,

      Thanks for your question.

      You need the following points to redeem a flight from Sydney to Phuket return:
      Economy – 48,000 Qantas points
      Business – 96,000 Qantas points

      You may also use this calculator to check the needed points for other destinations.

      Cheers,
      Anndy

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