I am doing some financing through a bank, and they have a special offer, offering 100 000 qantas frequent flyer points, if I sign up and spend enough money in the first 3 months.
Card fee is $400 per year. It's a visa card where you get one point per dollar spent. The guy really talks it up, saying each point can be worth worth 3-4%. I've been trying to value the points, but it seems very hard, depending on what you spend it on. Reedeming it for gift cards seems really average value.
I do plan on flying to/from bris-sydney in the next couple of years. It seems to be about 8000 points per flight, but there are travel restrictions? Do I need to pay taxes on top of the points reedemmed? If so, how do you find out how much they are?
I already have cards that provide me with extended warranty and travel insurance, so these additional benefits don't have much value for me.
Do you guys think this card is worth it? Maybe I should just sign up for the bonus points and then quit when I use them up?
Lots of discussion about FF points and similar situation here:
50,000 Qantas FF Points with ANZ Platinum FF Credit Card (First Year Annual Fee Waived)
100,000 points = $666 in woolies gift cards