I enjoyed readiing this thread, as I had contemplated using FF points to go to the USA, but the "charges" are rather hefty, especially when Syd-La is $1299 return... that said, QF seem to be mean-spirited, and i suspect LA to anywhere Australia is affected by the "celebrity" Hollywood crowd who regularly long-haul to Sydney resulting in much less seat availability for those who choose to use points instead of cash to fly. When it comes to trading what in effect is a voucher for a flight which each of us paid for through the use of their services or our credit cards - unfortunately, you get what you pay for - at the economy level, in my humble opinion, it ought be open slather - whether you pay with points or cash - who cares - perhaps the airline hasnt set aside the provision account for unused credits and so is like the Govt super funds or a company's unused sick leave that cant be cashed out when you leave - and they really hope people wont use the points so after 18 months that are wiped out... that said, in the PE, Bus and First cabin, you are competing with paid passengers, those seeking one or more class upgrades with points, and that small number that is offered to anyone (well perhaps sometimes just P or P1s) and given the points cost, a very heavy discount on the actual paid cost - I could burn my entire points on a F return to LA which would from memory value it at $10k with a medicare co-payment of around $1000, or I could do 3 economy trips to burn the lot valued at current pricing at $3,900 with around $2700 co-payment ($900 per trip) if you do the maths, Im more inclined to do 1 F and then pay for 2Economy. USA will always be an interesting route - from what i can gather as long as people can be flexible in getting to Bris (if the number of flights per week stays up) or Melb their chances of getting a seat appear to be that little bit better