I’ve been interested in the various discussions related to the value of a QFF point.
I am an avid collector of points to allow my wife and I to travel in business class for international travel. Therefore I use the following method to calculate my points value.
· Average price of return business class fare Sydney to London = $8,000.
· Number of QFF points for return business class fare Sydney to London = 280,000.
· Surcharge fees for frequent flyer booking = $1310.
The sum:
$8000 - $1310 = $6690
$6690 ÷ 280,000 points = 0.0239 cents
So, when I consider the value of new credit card to churn for bonus points, I use my points multiplier of .0239 points. For example, the 115,000 bonus points with the current NAB card is returning a value of (115,000 x 0.0239) $2748. When the $395 fee is subtracted, it is still a pretty handy $2353.
I appreciate there are times when business class fares are on sale but they aren’t easy to get, especially during the summer months.
Can you see any holes in my method?