How much is 1 Qantas Point worth?

How much is a Qantas Point worth?

Here are the actual values in November 2026 for popular Qantas Points reward choices, based on detailed analysis of current pricing for flights and other redemptions.

• Each Qantas Point spent on Economy Classic Reward flights is typically worth 1.5-2.5 cents.
• Each Qantas Point spent on Premium Classic Reward flights is typically worth about 4 cents.
• Each Qantas Point spent on Business Classic Reward flights is typically worth 2-7 cents.
• Each Qantas Point spent on upgrades is typically worth 4-8 cents.
• Each Qantas Point spent on hotels or car rental is typically worth 0.6-0.7 cents.
• Each Qantas Point spent on gift cards or products through the Rewards Store is typically worth 0.5 cents .
• Each Qantas Point spent on charity donations is typically worth 0.8 cents.
• Each Qantas Point spent on Classic Plus Rewards is worth exactly 1 cent in Economy or 1.25 cents in other classes.

In the table below, we've shown the points needed for a range of Qantas Frequent Flyer reward options, how much they would usually cost to buy outright and the dollar value per 1,000 points they represent right now, based on freshly-sourced fares and prices.

Route	Points cost	Value	Value/point	Value/1,000 points
Sydney to Perth (Economy) one-way	20,700	$371.00	$0.018	$17.92
Sydney to Melbourne (Economy) one-way	9,200	$88.00	$0.010	$9.57
Melbourne to Brisbane (Economy) one-way	13,800	$210.00	$0.015	$15.22
Sydney to Perth (Business) one-way	43,600	$996.00	$0.023	$22.84
Sydney to Melbourne (Business) one-way	19,300	$569.00	$0.014	$13.63
Melbourne to Brisbane (Business) one-way	29,000	$675.00	$0.023	$23.28
Sydney to Los Angeles one-way (Economy)	48,200	$1,242.00	$0.026	$25.77
Sydney to Los Angeles one-way (Premium Economy)	97,600	$4,016.00	$0.041	$41.15
Sydney to Los Angeles one-way (Business)	130,100	$8,549.00	$0.066	$65.71
Sydney to London one-way (First)	249,400	$16,246.00	$0.065	$65.14
Sydney to Los Angeles one-way (Economy to Premium upgrade)	73,900	$2,877.00	$0.039	$38.93
Sydney to Los Angeles one-way (Economy to Business upgrade)	117,700	$7,833.00	$0.067	$66.55
Sydney to Los Angeles one-way (Premium to Business upgrade)	58,900	$4,956.00	$0.084	$84.14
Sydney to London (Business to First upgrade)	88,200	$5,736.00	$0.065	$65.03
iPhone 16 128GB	269,800	$1,349.00	$0.005	$5.00
IKEA Gift Card	11,400	$50.00	$0.004	$4.39
Hoyts Digital Gift Card	4,040	$20.00	$0.005	$4.95
De'Longhi Nespresso Citz	69,800	$349.00	$0.005	$5.00
Dyson Supersonic	89,800	$449.00	$0.005	$5.00
AirPods 5	49,800	$249.00	$0.005	$5.00
Charity donation	3,130	$25.00	$0.008	$7.99
Adelaide hotel room 1 night	38,012	$267.00	$0.007	$7.02
Car hire 1 night	27,297	$173.32	$0.006	$6.35

As the table shows, the best value comes from flight upgrades, followed by business class flights, followed by economy flights, followed by store purchases. This was the case throughout 2025 and prior years. Fare prices in February 2027 (the month we checked for current price) fell compared to the prior month, quite heavily in some cases. We'd expect this given the end of the main summer holiday break in Australia.

Reserve Bank payment reforms from 1 October 2026 removed card surcharges and lower the caps on the interchange fees card issuers earn, which means it will be trickier to score big bonus points from credit cards. This is annoying, but it doesn't affect the value of your Qantas Points when you use them.

Methodology: How we calculated these values

So how did we work out those values? All calculations are based on typical prices for flights and rewards quoted in November 2026, as checked on the Qantas site.

For each route, we checked a range of dates across February 2027 and selected the most typical price for a Qantas-operated one-way flight on that route. You might score cheaper flights on sale or pay more during peak times or for short-term bookings. Points values for purchasing flights are for Classic Flight rewards, and we've subtracted carrier fees and charges when working out what they're worth.

Availability of those reward flights can vary heavily. We calculate all flight values as one-way options, since it's very rare to be able to score a reward flight in both directions. 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 harder to redeem). Points values for hotels and car hire are based on Adelaide pricing, but don't vary significantly for any city we've checked.

Qantas points calculator

How much are Classic Plus rewards worth?

Classic Plus Rewards use more points than Classic Rewards. They're available for both international and domestic flights.

Classic Plus Rewards follow a fixed formula: each Qantas Point you spend is worth exactly 1 cent when redeemed in Economy and 1.25 cents in other cabins. The number of points you'll need and the fees you'll pay will vary depending on flight prices, as you can see in the example below.

If there's a sale on the route, you'll need fewer points. You'll always have to pay carrier charges, which are often different to those for Classic Rewards.

Our advice? Classic Rewards are much better value, generally getting you at least twice the value of Classic Plus. But if you can't find any Classic Rewards options, Classic Plus might be worth considering. It's better value than Rewards Store options, and the value is also entirely predictable.

How to get more value from your Qantas Points

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 more than $80 in value per 1,000 Qantas Points, while buying a microwave gets you just $3.50 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 immediately. 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.

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.

How can I get maximum value from my Qantas Points?

These are my rules based on more than 3 decades of using Qantas Frequent Flyer to score free flights:

• 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 work towards 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.