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.

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 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).

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 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:

  1. 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.
  2. 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.
  3. 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.

RewardPoints neededDollar valueValue per 1,000 pointsWho is this good for?
Sydney to Coolangatta (Gold Coast) return business class flight36,800 Qantas Points$1,369$37.20Sydney-siders who want to holiday in style on the Gold Coast.
Brisbane to Melbourne return economy class flight for 2 people48,000 Qantas Points$756$15.75A Brisbane couple or friends wanting a weekend in Melbourne.
2-night stay at Adina Apartment Hotel Brisbane48,000 Qantas Points$467$9.73A couple looking for a romantic weekend stay.
JB Hi-Fi $250 digital gift card49,250 Qantas Points$250$5.07Someone who often shops at JB Hi-Fi or who wants to use points to get a gift for someone.
Fitbit Charge 4 fitness tracker43,300 Qantas Points$179.95$4.16Someone 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.

Name Product Bonus points Rewards program Rewards points per $ spent Purchase rate Annual fee
NAB Qantas Rewards Signature Card
110,000
Qantas Frequent Flyer
1
19.99% p.a.
$295 annual fee for the first year ($395 p.a. thereafter)
Earn up to 110,000 bonus Qantas Points (90,000 when you spend $3,000 in the first 60 days and 20k after 12 months).
Qantas American Express Ultimate Card
110,000
Qantas Frequent Flyer
1.25
20.74% p.a.
$450
Receive 110,000 bonus Qantas Points and $200 back on your card when you spend $3,000 in the first 3 months. Plus, a yearly $450 Travel Credit.
St.George Amplify Platinum - Qantas
60,000
Qantas Frequent Flyer
0.5
19.74% p.a.
$99
Earn 60,000 bonus Qantas Points, plus enjoy 0% p.a. on balance transfers for 15 months with a 1% BT fee.
Citi Premier Qantas Card
75,000
Qantas Frequent Flyer
0.5
21.49% p.a.
$175 annual fee for the first year ($350 p.a. thereafter)
Get 75,000 bonus Qantas Points when you spend $4,000 in the first 90 days and a first-year annual fee discount.
Westpac Altitude Platinum Qantas
60,000
Qantas Frequent Flyer
0.5
20.49% p.a.
$149 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 0% balance transfer offer.
Qantas Premier Platinum
80,000
Qantas Frequent Flyer
1
19.99% p.a.
$225 annual fee for the first year ($299 p.a. thereafter)
Earn 80,000 bonus Qantas Points when you spend $4,000 in the first 3 months, 80 bonus Status Credits on eligible spend and a reduced first-year annual fee.
Qantas American Express Discovery Card
10,000
Qantas Frequent Flyer
0.75
20.74% p.a.
$0
Get 10,000 bonus Qantas Points when you spend $750 within 3 months, plus a $0 annual fee for the life of the card.
ANZ Frequent Flyer Black
120,000
Qantas Frequent Flyer
1
20.24% p.a.
$425
New Cashrewards Max benefit. Collect 120,000 bonus Qantas Points and $200 back when you spend $3,000 in the first 3 months. Plus, complimentary lounge passes.
NAB Qantas Rewards Premium Card
65,000
Qantas Frequent Flyer
0.66
19.99% p.a.
$250
Get 65,000 bonus Qantas Points when you spend $2,500 in the first 60 days and free Qantas Frequent Flyer membership.
St.George Amplify Signature - Qantas
90,000
Qantas Frequent Flyer
0.75
19.74% p.a.
$279
Get 90,000 bonus Qantas Points when you spend $6,000 using your new card within 90 days from approval and 2 Qantas Club lounge invitations per year.
Bank of Melbourne Amplify Platinum - Qantas
60,000
Qantas Frequent Flyer
0.5
19.74% p.a.
$99
Get 60,000 bonus Qantas Points when you spend $3,000 within the first 90 days.
BankSA Amplify Platinum - Qantas
60,000
Qantas Frequent Flyer
0.5
19.74% p.a.
$99
Receive 60,000 bonus Qantas Points when you spend $3,000 within the first 90 days from card approval.
NAB Qantas Business Signature Card
100,000
Qantas Frequent Flyer
0.66
18.5% p.a.
$295
Receive 100,000 bonus Qantas Points when you spend $4,000 on everyday business purchases in the first 60 days. ABN required.
Qantas American Express Premium Card
30,000
Qantas Frequent Flyer
1
20.74% p.a.
$249
Enjoy 30,000 bonus Qantas Points, 2 complimentary Qantas Club lounge invitations per year and the protection of complimentary insurance covers.
American Express Qantas Business Rewards Card
120,000
Qantas Business Rewards
1.25
0% p.a.
$0 annual fee for the first year ($450 p.a. thereafter)
ABN holders w/ $75,000 revenue. Receive 120,000 bonus Qantas Points and $0 first-year annual fee when you spend $3,000 in the first 2 months.
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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.

      According to our guide to Qantas Frequent Flyer Points, 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. 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 frequent flyer points guide, we still have 8,000 points as the lowest among the domestic flights.

      You can inquire about 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 the Qantas points calculator on their website to check the needed points for other destinations.

      Cheers,
      Anndy

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