My wife & I have over 1m qantas points each and approx 500K velocity points. As we are retiring within next 6 months, our ability to earn will be severely curtailed in terms of credit card churning. Have been able to book 2 x business class trips return, one each to europe next year, and the US this year. So it is a "retirement travel bank" that does certainly risk devaluation, as is occurring for velocity from next year (so we booked the above europe trip for 484000 points in total for two people return, very recently) Also a risk for qantas devaluation (when they see their brand image improving..........which won't be any time soon in next 18 months at least I'd suggest
