Seems like qantas marketplace is starting to giving discounts for entire giftcard range, glad to find out amazon giftcard is 25% discount on points.
10-30% off Qantas Points Required for All Gift Card Redemptions @ Qantas Marketplace
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Saveyourass on 10/10/2024 - 09:46 marketplace.qantas.com (773 clicks)
Last edited 10/10/2024 - 09:59 by 1 other user
Last edited 10/10/2024 - 09:59 by 1 other user
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I honest don't understand where is hate coming from, seems like so many people are qantas point wizards but no-one can actually showing a breakdown of how good those points are in terms of exchanging with flight tickets.
What do you mean?
People have compared before and it's pretty much common knowledge.Let's say you churn credit cards for points.
Your effective cost per point ranges from $0.002 - $0.004 on average. This is due to annual fee/rewards program charges.Example: $300 annual fee, $0 rewards program cost, credit card bonus is 60000 points, $300/60000 = $0.005/point
Classic rewards flight: Business MEL - LAX = 108000 points, retail cost of flight ~$7000
Redeem value cost to you: 108000*$0.005 = $540
Retail cost / Redeem value = 12.9x = $0.005 * 12.9 = $0.065 value per pointAmazon Giftcard
$500 giftcard = 81630 points
81630*$0.005= $408.15
$500/$408.15 = 1.22x = $0.005 * 1.22 = $0.0061 value per pointYou may as well not collect points, and just redeem the giftcards directly.
Flights are significantly better value (if you can find them) and there is an additional cost (you have to pay taxes on classic rewards flights, so in the example above for MEL-LAX add another $250 on top, which is paid seperately).
That is contigent on finding the exact flight plus having the need to fly with Qantas at first place though. A lot of us are housebound post covid due to pets and children lol
cant find any flights within the classic rewards flight from MEL-LAX
@Saveyourass: I use seats.aero, Qantas release classic rewards in batches now, I pay for the pro subscription on seats.aero and get notifications when they are released :)
@Saveyourass: I'm flying MEL/LAX PE next month classic rewards, booked 5 weeks ago. Gotta wait for a sale to your destination to avoid the murder of classic plus
@Ryanmyo: Ya cool, the cheapest direct flight I could find from Melb to LAX is around 1k I guess in this sense the 100k point is worth about $800 which is $200 more… fair enough but still I would prefer GC at this stage as all most of desired travel destinations are not on sale via qantas
Qantas are not exactly losing out. The points part of their business is worth a similar amount to the airline itself thanks to deals with banks and people stocking up on points and never spending them. https://www.abc.net.au/news/2024-04-05/are-frequent-flyer-pr…
The best thing about vouchers is that it's effectively real money that you can use today, on stuff you need - like food!
If you're single, and cashflow isn't an issue - sure, stock up on points and brag to your friends how little your 2am airfare cost
Really? There are so many guides. Anything above 1.5c per point I consider good value. Qantas market place gives you about 0.6c a point.
See the excellent graph here - https://freepoints.com.au/qantas-points-value/
If you want classic reward flights on a popular international route for yourself and 3 family members during school holidays, then yeah it is going to be tough. But the value in the program is flights. I've nearly always been able to get domestic flights.
I've booked 9 domestic flights as classic rewards in the last 6 months and 2 long haul upgrades to business.
Flights are available if you know how to search for them, and again there are so many guides. Freepoints.com.au, pointhacks.com.au etc all show you have to find flights to get the best value.
Correct. Have to be flexible and book well in advance at times to get the best routes, Ie. USA and Europe. People expect flights to magically fall into their lap, without doing the legwork.
Points officially valued by Qantas at 1 cent but as you say, can get much more value by flights even if domestic economy only.
A less horrible deal after 30% off but still pretty bad.
personally I felt majority of qantas flights are over-priced, so using points for booking flights is a lose for me and all my points are earned via credit card promos, never planned to using those points for flight anyway:)
Lolololololololol your loss
Classic reward “plus” flights are pretty bad value, as are points+pay.
But class reward flights to/from LAX saved us about $1000 (valuing1 pt = 1 cent) each compared to the lowest cost flights on a cheap carrier.
If you desperately need a GC, go for it. A cheaper flight won’t change your life. But if you can wait, you can save a lot more with a Classic Reward flight paid for with bonus points from credit card signups.
okay here is the breakdown, I signed AMEX qantas credit card, earned 100k points used for gc to get roughly $600 values. Could you show us how much points will required for saving that $1000 so I can get a baseline if it is worth to wait for particular flight or just gc it out.
Read other threads for credit cards here on Ozbargain. Websites like Point Hacks are useful for getting into the research game.
Took me a few hours of reading to get full bottle on it, but it's worth it.
In the last five years, I've redeemed about 1.1 million Qantas points and paid $2600 in taxes for those flights. Cash value of those flights would have been $33,200.
@adrianhughes1998: How you managed to get 1.1 million points mate? Did you buy a house with qantas reward points?
@Saveyourass: Credit card churning. Other bits and bobs through insurances and Woolies. Same deal with Velocity points.
roughly $600
Alternately sell the points and buy $1200 worth of GC 🤔
The new plus ones are, no doubt about it. The traditional classic rewards are decent though no way about it.
Exactly. Who cares if you can get more $ for points if you were never going to fly to some random place in the first place. Then you got to pay for hotels and whatnot. Its a bad deal all around unless you are already planning on travelling.
Nice! Glad I couldn’t buy anything last time due to the checkout button not working. I’d rather cash out the points at this time, given the inflation.
4 points (up from 3) per $1 spent on Amazon gift cards is the goat atm especially for Prime day deals.
If you're not planning on using your points for flights, not a bad deal. Every year you don't use the points, they lose value - 1 point today is worth less a year later.
If you're using cash to buy a $100 Gift Card, with the value of $0.005-0.007 per point, you would be getting $2-$2.80 in points back. AFAIK, the next best thing is $2 back from Shopback.
Better to get the Home gift Card or JB Hifi? Can you use the Home gift card if you order online?
I saw another promote to get $250 gift card when use 100k points. 114,300 points for $950 Amazon gift card sounds a good deal for people not using the points for tickets.
Not a great way to spend your points. That are my main reasons of negging this deal. Use it on plane flights, it's much more value.
well, I will be keen to keep those point if qantas will actually providing reward flights during public holiday seasons and direct international flights. I hate to say that all the "valuable" rewards flights are shit flights which is either low season, later departure or require multiple stops and super long traveling hours.
Here’s what people said on previous post