CBA Diamond Amex - Qantas points vs Flight centre ?

Discussion in 'Commonwealth Bank Rewards' started by Mark3000, Apr 28, 2014.

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  1. Mark3000

    Mark3000 Active Member

    Apr 3, 2014
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    I received my shiny new Diamond Amex today. Was offered a half price annual fee by our lovely banker. They do have good service at CBA in my experience.
    My plan is to use the Amex as much as possible as it gives 3 points per dollar which then translates to 1.5 Qantas points per dollar
    The Mastercard I probably won't use much and will use the Woolworths card for places where Amex is not accepted

    Interestingly when I called to tell them I would like to have them direct sweep to Qantas, the phone operator tried to convince me it was better to not do that, and it was better to redeem for flight centre coupons.
    My impression is that for redeeming J or F flights, QFF points would be better.
    Does anyone have any experience with the value of using CBA Diamond points to buy Flight centre vouchers.
    Have I done the right thing by setting up direct sweep?

    Thanks
     

  2. docjames

    docjames Senior Member

    Jul 10, 2007
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    I sweep the same diamond setup to QF.

    Their conversion to anything (gifts, travel, cards) of their own points is terrible.
     
  3. jlien

    jlien Member

    Dec 4, 2013
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    Think the conversion rate to flight center is about 0.72c per CBA point.

    If a QFF point is worth more than 1.44c to you, then stick with that.
     
  4. Mark3000

    Mark3000 Active Member

    Apr 3, 2014
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    Thanks very much alien, that's a very useful way of putting it.
    If you are purchasing points for 1 c per point, there is no reason to do so if you are going to redeem for vouchers at 0.72 c / point
    Thanks again
     
  5. jlien

    jlien Member

    Dec 4, 2013
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    Correct, the name of the game is to maximise returns, but not at the expense of bad fiscal economy.
     
  6. SOPOOR

    SOPOOR Established Member

    Jan 12, 2009
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    Great question, I think I may have asked this same question a few years ago,

    Unless things have changed, you can convert your CBA points into Flight centre vouchers,

    I may be totally wrong but I think it was 300000 points per $1000 flight centre voucher

    or maybe someone can confirm,

    you get 3 points per $1 on the amex, and 1.25 points per $1 on the Visa/MC

    I recall having a look andthinking the $1000 flight centre vouchers were better,but for some reason I went with direct sweep,

    I am also assumingthat for example if jetstar have a flight sale , that you can go to flight centre and book it throguh them for the same price , hence getting these $1000 vouchers would be ideal

    can anyone confirm any of hte above
     
  7. lovestotravel

    lovestotravel Senior Member

    Sep 18, 2008
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    300000 points for a $1000 voucher

    WOW that's great value..........................
     
    • Like Like x 1
  8. SOPOOR

    SOPOOR Established Member

    Jan 12, 2009
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    you do realise that you get 3 point per dollar via the amex card?
     
  9. amaroo

    amaroo Senior Member

    Sep 22, 2011
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    I like my fee free CBA Dia Amex, the only problem - it caps out at 500,000 QFF points :(
     
  10. SOPOOR

    SOPOOR Established Member

    Jan 12, 2009
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    sorry for the dumb question,

    it says $1000 flight centre gift card is 186000 points

    I assume its 3 points per $ on the amex, and 1.5 points per $ on the MC/VISA????

    if thats the case its $62,000 spend on the amex or $124,000 spend on mC/visa


    $1000 gift cards at flight centre and then to use these for cheap jetstar tickets to asia or tickets to Europe/UK which is 128,000 QFF points PLUS tax
    im just trying to work out which is better,
     
  11. amaroo

    amaroo Senior Member

    Sep 22, 2011
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    Good Q.

    IMO it depends where and what class you want to fly. Using the $62k spend on Dia Amex as an example the numbers would suggest that QFF is a complete dud of a choice.

    What could you do with those 93,000 QFFP? You could use 60K flying whY MEL-BKK-MEL + a whopping $464.16 co-payment......you can fly J* plus bundle for $540.01. Almost three for one given the disgraceful QFF co-payment!

    If the objective is to get a flight from X to Y on any plane in economy - QFF is a poor choice.
     
  12. SOPOOR

    SOPOOR Established Member

    Jan 12, 2009
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    yes good analysis,

    im happy not to use the points and let it accumulate until somethign I really want to do comes along

    from what ive been told the following may be an option

    1. $1000 flight centre vouchers
    2. Buy economy tickets for long haul and then upgrade to business class using QFF points
    3. do a round the world trip or a melb to europe with a few stop over type of flight

    thats all I can think of that would represent great value

    what options were you suggesting?
     
  13. amaroo

    amaroo Senior Member

    Sep 22, 2011
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    #13 amaroo, Jun 15, 2014
    Last edited: Jun 15, 2014
    TBH I've never investigated other options with CBA cards. The Dia Amex is good for me due to being fee free, ATO earning ability with Amex and the fact that I've been dovetailed into QFF for a while and have been working towards LTG status - now achieved :D Over the past 10 years I've redeemed >50 award flights with QFF, all of them long haul in F or J. I would never use points for economy.
     
  14. SOPOOR

    SOPOOR Established Member

    Jan 12, 2009
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    another dumb question, do you know a link which explains F and J etc. sorry ;)
     
  15. amaroo

    amaroo Senior Member

    Sep 22, 2011
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  16. SOPOOR

    SOPOOR Established Member

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  17. drsmithy

    drsmithy Member

    Feb 23, 2011
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    Have had a CBA CC for many, many years (attached to mortgage) but never bothered cashing in any points.

    I do occasionally have a look and see what the value is like, from what I've looked at, the best bang for buck is gift cards for K-Mart, Caltex, and the like. I think Flightcentre is slightly worse on a points/$ basis.
     
  18. SOPOOR

    SOPOOR Established Member

    Jan 12, 2009
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    You must have signfiicant spending to get that many F or J flights

    so are you doing stuff like Melb to UK , 256,000 qff points J

    what else can you recommend
     
  19. Paddy55

    Paddy55 Established Member

    Sep 30, 2006
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    Love paying the ATO these days with my CBA Dia Amex!
    Sweep points to QFFF for J & F Award seats which are best value for me... or upgrades to J or F.
     
  20. SOPOOR

    SOPOOR Established Member

    Jan 12, 2009
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    but they have a surcharge! wouldnt it essentially eliminate any benefits?
     
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