How much is 1 Qantas Point worth?

Getting Qantas Points through Qantas Frequent Flyer means free rewards: flights, upgrades, hotel bookings, gift cards and more. But just how much are those points worth? We've crunched the numbers for the definitive answer. This is what your Qantas Points are worth right now – and the best way to spend them.

How much is a Qantas Point worth?

As of November 2023, 1 Qantas Point is typically worth between 0.4 cents and 7 cents, depending on how you spend it.

Here are the values for some common reward choices:

• Each Qantas Point spent on Economy Classic Reward flights is typically worth between 1.3 cents and 2.7 cents.
• Each Qantas Point spent on Premium Classic Reward flights is typically worth between 3.3 cents and 4.3 cents.
• Each Qantas Point spent on Business Classic Reward flights is typically worth between 3.5 cents and 6.5 cents.
• Each Qantas Point spent on upgrades is typically worth between 3.5 cents and 8 cents.
• Each Qantas Point spent on hotels or car rental is typically worth between 0.65 cents and 0.85 cents.
• Each Qantas Point spent on gift cards or products through the Rewards Store is typically worth between 0.3 cents and 0.6 cents.
• Each Qantas Point spent on charity donations through the Rewards Store is typically worth between 0.7 cents and 0.8 cents.

In the table below, we've shown the points needed for a range of reward options, how much they would usually cost to buy outright and the dollar value per $1,000 points they typically represent. (We updated this in November to reflect current fares and changing iPhone and hotel availability.)

As the table shows, the best value usually comes from flight upgrades, followed by business class flights, followed by economy flights, followed by store purchases. This hasn't changed despite the big shifts we've seen in flight prices and patterns following the pandemic, and it's remained largely constant since October when we last checked those fares.

Fare prices for February 2024 are lower than the preceding month, which we'd expect as the holiday period is always pricier. That means domestic and international flight redemptions are worth a little less than last time we ran these calculations. This effect is much less pronounced for Premium Economy, Business and First flights.

Methodology: How we calculated these values

So how did we work out those values? Through some careful research. All calculations are based on typical prices for flights and rewards in November 2023, as checked on the Qantas site.

• Methodology notes

  For each route, we checked a range of dates across February 2024 and selected the most typical price for a Qantas-operated flight on that route. You might score cheaper flights on sale or pay more during peak times, but this is a useful median value. Points values for purchasing flights are for Classic Flight rewards, and we've subtracted carrier fees and charges when working out the value. Availability of those reward flights can vary heavily. Points values for Reward Store redemptions come from the Rewards Store site and don't include any temporary discounts. We haven't included redemptions with partner airlines, which are generally poorer value than the Qantas options (and also harder to redeem).

It's often more useful (and easier mental maths!) to think about how much 1,000 Qantas Points are worth. No-one is going to accept a single Qantas Point as payment for anything – most redemptions require thousands of points. Our rule of thumb is that if you're getting more than $20 in value for each 1,000 Qantas Points, that's a worthwhile way to spend your points. Under $10? Think very carefully.

A couple of extreme examples: using your points for an upgrade from premium to business can score you $94.84 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 class and business class international seats that can be purchased with points, which are often snapped up by high-status flyers, though it has promised more rewards seats in 2024. If those are your goal and you're not already a Platinum Frequent Flyer, you may have to wait years.

An economy domestic flight can still represent really good value, especially if you use points to book a flight during peak periods such as Friday afternoons or during school holidays. Even outside those periods, it's better value than a coffee machine.

Using points for family flights

Finder global CEO Frank Restuccia knows that points can make a real difference to the household budget. In mid-2023 he booked a family holiday for 4 people to the US, grabbing Economy flights entirely using points.

Rather than paying $15,000 in high season fares, he spent around 477,000 Qantas Points plus $1,500 in carrier charges. That's an effective value of around $27 for every 1,000 Qantas Points used.

"That holiday is a big expense for our family. I'd rather spend on other priorities and use points so we can still travel," Frank explains.

The keys here? Being a little flexible with dates, not just looking at Business flights, and not waiting until the last minute to make the booking.

How can I get the most value from my Qantas Points?

These are our rules based on more than 3 decades of using Qantas Frequent Flyer:

• Don't spend your points on Points Plus Pay flights. These offer really low value for your hard-earned Qantas Points. Concentrate on Classic Reward flights instead.
• Take time checking. Before you spend Qantas Points on anything, find out how much it would cost to buy outright. Divide that by the number of points needed, and you'll know how much each point is really worth. Under 2 cents? You're not getting great value.
• Set a goal and plan for it. Impulse purchases rarely work out with points. Set a goal: maybe that's a business class trip to Perth for you and your partner. Work out how many points you need and get that total.
• Patience pays off. Last-minute reward flights are rare. Think 6–12 months ahead to increase your odds of scoring a high-value reward.

Complete guide to using Qantas Frequent Flyer points

Example: What's the best way to use 50,000 Qantas Points?

You could easily earn 50,000 Qantas Points just from a single credit card bonus points offer. Here are some high-value ways you can spend those points: (Prices correct as of November 2023.)

• Sydney to Coolangatta (Gold Coast) return business class flight 36,800 Qantas Points
• Brisbane to Melbourne return economy class flight for 2 people 48,000 Qantas Points
• 2-night stay at Adina Apartment Hotel Brisbane 48,000 Qantas Points
• JB Hi-Fi $250 digital gift card 49,250 Qantas Points

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Name	Bonus points	Points per $ spent	Purchase rate p.a.	Annual fee
Qantas Premier Platinum Qantas Frequent Flyer	Bonus points 80,000	Points per $ spent 1	Purchase rate p.a. 19.99%	Annual fee $349 first year ($399 after)	Go to siteMore Info Compare	Earn up to 80,000 bonus Qantas Points. Plus, save with a reduced first-year annual fee and 0% p.a. for 12 months on balance transfers.
Qantas American Express Ultimate Card Qantas Frequent Flyer	Bonus points 60,000	Points per $ spent 1.25	Purchase rate p.a. 23.99%	Annual fee $450	Go to siteMore Info Compare	Get 60,000 bonus Qantas Points when you spend $3,000 in the first 3 months. Plus, a yearly $450 Travel Credit.
Qantas Premier Everyday Qantas Frequent Flyer	Bonus points 8,000	Points per $ spent 0.75	Purchase rate p.a. 19.99%	Annual fee $49	Go to siteMore Info Compare	Get 2 bonus Qantas Points per $1 spent on eligible purchases in the first 4 months (up to 8,000 points), plus complimentary insurance.
Qantas American Express Premium Card Qantas Frequent Flyer	Bonus points 30,000	Points per $ spent 1	Purchase rate p.a. 23.99%	Annual fee $249	Go to siteMore Info Compare	Get 30,000 bonus Qantas Points and 2 complimentary Qantas Club lounge invitations per year, plus complimentary travel insurance.
American Express Qantas Business Rewards Card Qantas Business Rewards	Bonus points 100,000	Points per $ spent 1.25	Purchase rate p.a. 0%	Annual fee $450	Go to siteMore Info Compare	ABN holders w/ $75k revenue. Earn 100,000 bonus Qantas Points when you spend $3,000 in the first 2 months.
Qantas American Express Discovery Card Qantas Frequent Flyer	Bonus points N/A	Points per $ spent 0.75	Purchase rate p.a. 23.99%	Annual fee $0	Go to siteMore Info Compare	Earn uncapped Qantas Points for every $1 dollar spent, plus an ongoing $0 annual fee.

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