Smart Flying
Reference · reviewed quarterly

What your points are worth

The benchmarks every Rewards That Fly verdict is scored against. Three numbers per currency: the floor (shopping-tier burns), the benchmark (a decent flight redemption), and the strong bar (clearly redeem). Our numbers, our methodology, changes logged.

Qantas Points

0.6c
floor
1.4c
benchmark
2.0c
clearly redeem

Classic Rewards in premium cabins routinely clear 2c after the Aug-2025 devaluation; Classic Plus is dynamically priced at roughly 1.0c (economy) to ~1.25c (premium cabins, post the late-2025 cut — Qantas has not published the exact rate). Shopping redemptions sit near the 0.6c floor.

Last reviewed 2026-07-10

Velocity Points

0.5c
floor
1.3c
benchmark
2.0c
clearly redeem

Qatar Qsuite redemptions are the headline outlier (often well above 2c). Domestic reward seats post the Jan-2025 restructure price closer to the benchmark.

Last reviewed 2026-07-10

Methodology, briefly

We compare achievable award prices against the cash fares they replace across a basket of routes Australians actually fly, net of taxes and carrier charges, weighted toward redemptions a normal member can realistically get — not unicorn seats. Dynamic products are held to the same test: Qantas Classic Plus currently clears roughly 1.0c in economy and ~1.25c in premium cabins (our estimate — Qantas doesn't publish it). When a program devalues, these numbers move and the change is logged in the Program Change Log.

Put them to work: score any award against these numbers in the Points-or-Cash Engine, or see where the strong redemptions live in the Sweet Spot Atlas.

Editorial opinion, general information only — not financial advice. Your valuation depends on how you redeem.