Welcome to AFF, jasper.
As to your need, there has been a thread on about this. Main things they noted as a) you cannot transfer your points to another FF programme; b) the use of points to buy things from the Qantas store didn;t make good economic sense, and c) use the points fr upgrades on partner airlines. Mind you, I'm using my 600,000 points to pay for a rtw ticket for my partner, and upgrades for myself where I can.





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