Its a great way to use your credit card reward points, especially if you have AMEX platinum charge where the conversion rate is 2:1
IMO Cathay Pacific (CX) is way better in terms of rewards tickets availabilities compare to Qantas
Here is the CX rewards tickets review from Australian Frequent Flyer: https://www.australianfrequentflyer.com.au/cathay-pacific-aw…
You need to register first before transferring the bank points to Cathay Pacific.
Promotion period: 1 September 2024 - 30 September 2024
Simply register here and make a bank point conversion transaction with one of our eligible partners during the promotion period to earn 10% bonus miles.
10% bonus miles will be credited 8 to 10 weeks after 30 September 2024
Financial Partners:
American Express
ANZ
Citi
Commonwealth Bank
HSBC
NAB
Westpac
Full Terms and Conditions: https://www.cathaypacific.com/content/dam/focal-point/digita…
A few words of caution.
Cathay changed their awards table last year, so Asia miles have significantly devalued so 10% off won't give you the kind of payoff one would expect previously.
Secondly, I have also noticed poorer availabilities for redemptions, especially for connecting flights. You may have to redeem each journey separately which shouldn't be a big issue unless the flight is delayed…
All in all, I would not be converting Asia miles on this deal just to bank points, only do so if you already have a flight in mind (with availability).