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# Credit Card Points Calculator

## Find out the cash value of your credit card rewards points for Flybuys, Velocity and Qantas Frequent Flyer, bank rewards and more.

Put your rewards program and points in the calculator below and it will show you the estimated cash value using a popular redemption. We've included most of the credit card points programs in Australia. But if yours isn't there, you can use the formula in this guide to calculate the value of any rewards points.

### Steps to calculate the value of rewards points

With any rewards program, the value of the points depends on what rewards you redeem. There is no fixed, dollar value for points when you're redeeming them. This is because the number of points you need for a reward varies depending on what you redeem them for and the actual rewards program.

But you can calculate what your points are worth for any reward using the following steps:

1. #### Estimate the retail value of your chosen reward

If you want to redeem your points for a flight, go to the airline's website and search for flights on your chosen travel dates. Or, if you want to use points for a coffee machine, you could search for a similar model sold at different retailers. With gift cards or cashback, the value is already established (e.g. a \$100 gift card = \$100 value).

2. #### Divide the cost of the reward by the number of points needed

This gives you the value of each point. For example, if you wanted to spend 36,000 points on a flight that costs \$533, the result of this calculation is \$0.0148 (or about 1.5 cents).

This gives you the value of each point, but comparing cents (or fractions of cents) is sometimes confusing when you're looking at different reward options. If you find that's the case, a simple solution is to look at the value you get for every 1,000 points redeemed. You can do this by adding a third step:

3. #### Multiply the value per point by 1,000

This will give you an answer that's in dollars and can be easier to compare, because most of the time you'll be redeeming thousands of points for a reward anyway. So with the example reward flight in step 2, you would get \$14.80 worth of value for every 1,000 points used.

#### How to write this as a calculation

Using the example of a reward flight above, here is how the basic calculation per point would look:

\$533/36000 = \$0.0148 (or 1.48 cents per point)

Here is how the calculation looks per 1,000 points – keeping in mind that you do the calculation in brackets before anything outside the brackets.

[\$533/36000] x 1000 = \$14.80

What is 1 Qantas Point worth?

### How can I make the most of my points?

Treat your points like cash when you're redeeming them. If you are rewarded with vouchers or gift cards, shop for items that are on sale. With frequent flyer rewards, go for the flights that are more expensive and generally never marked down.

For example, say a domestic Qantas flight from Melbourne to Sydney was on sale for \$130, while a flight to London was \$1,600. The domestic flight costs 8,000 Qantas Points and the London flight costs 55,200 Qantas Points.

Using the value per 1,000 points calculation, this international flight would offer you \$28.98 per 1,000 points, while the domestic flight would only offer you \$16.25. So, the value of flying to London with your points is higher.

### Rewards credit cards comparison

1 - 15 of 26
Name Bonus points Points per \$ spent Purchase rate p.a. Annual fee
Coles No Annual Fee Mastercard
Bonus points
20,000
Points per \$ spent
0.5
Purchase rate p.a.
0% for 6 months, then 19.99%
Annual fee
\$0
Get 20,000 bonus Flybuys points (worth \$100 Flybuys Dollars) and 0% interest on purchases for the first 6 months.
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)
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 Premier Everyday
Qantas Frequent Flyer
Bonus points
8,000
Points per \$ spent
0.75
Purchase rate p.a.
19.99%
Annual fee
\$49
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 Ultimate Card
Qantas Frequent Flyer
Bonus points
60,000
Points per \$ spent
1.25
Purchase rate p.a.
23.99%
Annual fee
\$450
Get 60,000 bonus Qantas Points when you spend \$3,000 in the first 3 months. Plus, a yearly \$450 Travel Credit.
American Express Qantas Business Rewards Card
Bonus points
100,000
Points per \$ spent
1.25
Purchase rate p.a.
0%
Annual fee
\$450
ABN holders w/ \$75k revenue. Earn 100,000 bonus Qantas Points when you spend \$3,000 in the first 2 months.
American Express Velocity Platinum Card
Velocity Frequent Flyer
Bonus points
60,000
Points per \$ spent
1.25
Purchase rate p.a.
23.99%
Annual fee
\$375
Get 60,000 bonus Velocity Points when you spend \$3,000 in the first 3 months. Plus a return domestic flight each year.
Kogan Money Card â€“ Exclusive Offer
ExclusiveKogan Rewards Program
Bonus points
N/A
Points per \$ spent
1
Purchase rate p.a.
20.99%
Annual fee
\$0
Get 0% p.a. on balance transfers for 18 months with a 1% balance transfer fee. Plus an ongoing \$0 annual fee.
Bonus points
200,000
Points per \$ spent
2.25
Purchase rate p.a.
0%
Annual fee
\$1,750
ABN holders w/ \$75,000 revenue. Get 200,000 bonus Membership Rewards points when you spend \$8,000 in the first 3 months.
St.George Vertigo Card - Cashback Offer
Bonus points
N/A
Points per \$ spent
N/A
Purchase rate p.a.
13.99%
Annual fee
\$55
Get up to \$400 cashback at eligible supermarkets and petrol stations in the first 180 days. Plus, a low interest rate for purchases.
Qantas Frequent Flyer
Bonus points
100,000
Points per \$ spent
0.66
Purchase rate p.a.
18.5%
Annual fee
\$295
Receive 100,000 bonus Qantas Points when you spend \$4,000 on everyday business purchases in the first 60 days. ABN required.
American Express Platinum Card
Bonus points
150,000
Points per \$ spent
2.25
Purchase rate p.a.
0%
Annual fee
\$1,450
Earn 150,000 bonus Membership Rewards Points when you spend \$5,000 in the first 3 months. Plus, a \$450 Travel Credit each year.
American Express Business Explorer Credit Card
Membership Rewards Gateway
Bonus points
75,000
Points per \$ spent
2
Purchase rate p.a.
23.99%
Annual fee
\$149
ABN holders w/ \$75,000 revenue. Get 75,000 bonus points when you spend \$3,000 in the first 3 months.
St.George Amplify Signature
Amplify Rewards
Bonus points
150,000
Points per \$ spent
1.5
Purchase rate p.a.
19.49%
Annual fee
\$199 first year (\$295 after)
150,000 bonus Amplify Points (worth \$675 in gift cards) when you spend \$12,000 in the first 12 months. Plus, a first-year annual fee discount.
Westpac Altitude Black
Westpac Altitude Rewards
Bonus points
150,000
Points per \$ spent
1.25
Purchase rate p.a.
19.99%
Annual fee
\$150 first year (\$295 after)
Earn up to 150,000 bonus Altitude Rewards Points (100k when you spend \$6,000 in the first 120 days and 50k in year 2).
NAB Rewards
Bonus points
100,000
Points per \$ spent
1.25
Purchase rate p.a.
18.5%
Annual fee
\$175
Get 100,000 bonus NAB Rewards points when you spend \$4,000 on everyday business purchases in the first 60 days. ABN required.
Showing 15 of 26 results

#### Tip: Credit card points calculations

If you want to know how many points you'll earn from using your credit card, the easiest way to calculate it is to multiply the card's earn rate (points per dollar) by your average spending.

For example, spending \$4,000 a month on a card that earns 1 point per \$1 equals 4,000 points per month and 48,000 points per year (4,000 points per month x 12 months). All you need to do to work this out is check your credit card points rate, spending and open the calculator on your phone.

### What else do I need to think about?

The value you get from reward points – sometimes known as the "points currency" – is influenced by many factors. Some of the other key details to think about include:

• Additional reward costs. Some rewards attract additional fees and charges. For example, flights might have airline fees and taxes, while retail items like coffee machines could attract shipping costs. So before redeeming, check whether these expenses are charged separately or factored into the points needed for a reward.
• Point transfers. If you want to transfer credit card reward points to a frequent flyer program, be aware that the transfer rate could affect the value you get from your points. For example, if 2 credit card points are transferred to 1 frequent flyer point, you'd end up with half as many points after the transfer. But if that meant you got a higher-value reward flight, it could be worth it. You can compare point transfer rates for credit card reward programs in this guide.
• Credit card costs. The annual fee, interest charges, international transaction fees and any other charges you often pay for your credit card can offset the value you get from reward points. Ideally, you should get a card that has fees which are lower than the value you think you will realistically get from rewards.

#### Cash rewards vs other rewards

Most rewards programs offer some types of cash rewards, such as gift cards, cashback or cash off your shop at partner stores. While cash gives you a simple way to calculate the dollar value of each point, it won't always be the most valuable option.

As an example, Flybuys offers \$10 off your shop at partnered stores when you redeem 2,000 points. That means each point is worth 0.5 cents.

But if you transferred 2,000 Flybuys points to 1,000 Velocity Points, Finder analysis shows that you could get a point value of between 0.4 and 4 cents depending on how you redeemed them. And if you redeemed them for a reward flight, you'd typically get between 1 and 4 cents value per Velocity Point. That means you could get an equivalent or higher value after transferring the points from Flybuys.

💡Tip: Remember to consider how much value a reward has for you, based on your own goals. For example, using points to get cash off your shop or gift cards could make sense if the cost of living is affecting your household budget. But if you want the highest value for your points, saving them for frequent flyer reward flights typically offers higher value than cash or retail items.

#### You might also be interested in

1. Credit card reward program terms and conditions
2. Flybuys rewards accessed October 2023
3. Finder analysis of Qantas and Velocity Points October 2023

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