Domestic Business upgrade Questions

[nlagalle]

Is it worth it to upgrade to J for 1hr flight from OOL to SYD
I have checked online and it costs 8000 points but how should I value them?

The "cost" of points earned on personal ATO bill ---- 8,000 x 0.43% = $34.40
or the opportunity cost, if I save those 8000 towards an Int J redemption ----256,000 is worth about $7000 = $218.75.
or the opportunity cost, if I value an Int J redemption at a more realistic $3000 ----256,000 is worth about $3000 = $93.75
or simply the difference in Y v J fare ---- $495-$116 = $379.00

or should I just sit down the back and spend the $34 on a nice red when I get home????

Ask yourself is it worth upgrading for a 1 hour flight.. Personally no from me.. I upgraded MEL-PER for 10k this morning.. Much better value..