Are you looking to up your Frequent Flyer game this year? Right now, Australian credit card providers are pumping out offers of up to 120,000 bonus Qantas Points. So, it isn’t hard to see why our appetite for collecting Qantas Points is bigger than ever.
But is it really worth chasing a hefty sign on bonus? And what is one Qantas Point actually worth?
The fact is, provided you pay it off in full each month, a Qantas-linked rewards credit card could well be worth your while. Above and beyond the sign on bonus, there’s potential to unlock travel and lounge perks, plus the opportunity to use your Qantas Points for aspirational airline jaunts, hotel stays and more.
Ok, so what are 120,000 bonus Qantas Points actually worth?
120,000 Qantas Points is enough to fly almost anywhere in the world in economy return with Qantas or a partner airline. It’s also enough to book a one way Qantas business class classic reward flight to the USA (all flights subject to availability and taxes/fees).
I personally use my Qantas Points for business and first class flights, and my goal is to extract at least 5 cents value or more from each Qantas Point. While some travellers complain that it’s difficult to find availability, searching far in advance and close to departure has seen me score many high value redemptions using Qantas Points in the past 12 months.
Of course, everyone’s redemption goals are different, so the perceived value of a Qantas Point differs from person to person. However, even if we apply a very conservative ballpark valuation of 1 cent per point (as published by Choice in 2019) 120,000 Qantas Points is worth the equivalent of $1,200 AUD.
At the lower end of the spectrum, you could obtain between 0.5 cents to 0.6 cents value per point by converting your Qantas Points to gift cards at the Qantas Store or using Qantas Points Plus Pay. At the other end of the spectrum, a medium to long-haul premium cabin flight (including a business class jaunt on the Dreamliner from Australia to the USA) could see you obtain up to 5 cents value per point, or even more.
Whatever your redemption goal, when you consider that multiple card providers are currently offering up to 120,000 Qantas Points with a reduced first year annual card fee, there’s significant value to be had.
But is a new credit card application worth the effort?
Sure, applying for a new credit card might take up some of your time (you’ll need to complete the application form and you might need to compile payroll and expense information for review by the bank). However, for many people, the initial effort is well worth it for the potential to unlock serious rewards (like, say, sitting in business class for 12 hours 😉).
Ready to boost your Qantas Frequent Flyer balance? These cards are offering up to 120,000 Qantas Points right now:
ANZ is offering new cardholders 120,000 bonus Qantas Points and $275 back with the ANZ Frequent Flyer Black. This sees the first year annual fee effectively reduced to just $150.
You’ll pocket 120,000 bonus Qantas Points and get $275 back to your new ANZ Frequent Flyer Black when you apply, are approved and spend a minimum of $4,000 within the first 3 months of approval. Eligibility criteria, T&Cs, fees and charges apply (including an annual fee of $425).
What’s to love:
Along with the hefty sign on bonus, the ANZ Frequent Flyer Black comes with a range of ongoing benefits that far outweigh the upfront cost. This includes two complimentary Qantas Club Lounge passes each year, access to a range of insurances and the potential to save up to $497 on Qantas Club membership.
Am I eligible?
To be eligible to receive the 120,000 bonus Qantas Points, you must not currently hold or have opened or closed an ANZ Frequent Flyer card in the past 12 months. If you currently hold or have held an ANZ Rewards card or another type of ANZ credit card in the past 12 months (such as the ANZ Rewards Travel Adventures card), this does not preclude you from earning the bonus points on the ANZ Frequent Flyer Black.
For a limited time, you could pocket up to 120,000 bonus Qantas Points with the popular Qantas Premier Platinum Card from Qantas Money.
To receive the full 120,000 bonus Qantas Points, new cardholders need to spend $1,500 or more on eligible purchases per month, for a total of 120,000 points over the first 6 months. This offer ends on 26 Feb 2020. Eligibility criteria, spend criteria and T&Cs apply.
What’s to love:
This Qantas Money credit card is packed with perks, including two Qantas Club lounge invitations each membership year and a reduced first year annual fee of $199 (a saving of $100).
When it comes to ongoing points earn, not all credit cards are created equal. The Qantas Premier Platinum Card unlocks a high earn rate of one Qantas Point per $1 on eligible spend in Australia (capped at $10,000 per statement period).
Am I eligible?
To be eligible for the bonus points, you must not currently hold, or have held a Qantas Premier Platinum Mastercard in the previous 12 months. To apply for this card, you’ll also need to be 18 years or over and to report an income of at least $35,000 p.a.
Right now, NAB’s top of the line Qantas Rewards Signature Credit Card is delivering a huge sign on bonus of up to 120,000 Qantas Points.
To receive the full sign on bonus of 120,000 Qantas Points, you must apply for a new personal NAB Qantas Rewards Signature Card, be approved, spend $3,000 on everyday purchases within 60 days of opening your account and keep your card open for over 12 months. T&Cs, eligibility criteria, fees and charges apply.
What’s to love:
You’ll enjoy NAB’s highest Qantas Points earn rate and a reduced annual card fee of $295 for the first year (reverting to $395 thereafter). Plus, get access to a range of other benefits, including domestic and international travel insurance and access to NAB Concierge.
Am I eligible?
The bonus point offer is not available to existing customers who have received or are entitled to receive bonus points from a personal NAB Qantas Rewards credit card in the last 12 months or those transferring from another NAB credit card account.
Looking for a different Qantas credit card? From $0 annual fee, to points and perks, you can browse our featured Qantas-linked credit card here
Note: The Champagne Mile may receive a commission when you are approved for a credit card using an outbound link published on this post.