Hi there, just starting to dig into the world of points and cards. I did a lot of reading on Pointhack and I'm tossing up between making Asia Miles or QFF my main program.
It looks like Asia Miles offer better overall value than QFF, however I'm seeing a lot more card offers and ways to get points for QFF - and very few for Asia Miles.
I currently only have a AMEX Platinum Edge with ~$1.5K of spend per month going though it, with minimal points in my QFF account. As a result most of my points will be via credit card signups.
I'm also only planning to travel twice a year (Europe/Asia) and not sure I can get enough status credit to move up the ladder for Qantas.
Based on the above am I better off just going for Asia Miles points cards? Or am I better off focusing on QFF because the points are more abundant?
Will you be flying economy? If yes, then using points to fly is not efficient. Better to sell the points for 1c each and then book the flight with cash. You will end up with more money in your pocket plus you don't have the issue of trying to find reward flights (sometimes like hen's teeth) or being locked into one airline. As an example, an Asiamiles redemeption Sydney to Paris return on Economy is 110k Asiamiles + $400 taxes (let's call that $1,500). The same flight on other carriers is $1,100 - $1,300 when not on sale.
If you plan to fly business or first, then yes using points to book the flights is considerably cheaper than paying the cash price for a business class ticket. But who really plans to fly business class for cash prices???
To answer your question about which point scheme to be using, I think you should have both QFF and Velocity to be able to make use of the best credit card sign-ups in Australia. Any points that you earn in Amex keep them there until you decide how to spend them because they never expire in Amex but do in the other programmes. Then if you get a 100k QFF or VFF credit card sign-up offer, take that and sell the 100k points immediately for $1,000 cash. Same if a Velocity credit card offer comes along. The Amex ones you can shift to whatever program (that your Amex rewards programme allows transfers to) in order to cash out to the next buyer