Qantas Status Credits "On The Ground" Discussion

[nancypants]

Have you done the sums on the cost per SC to know if it's good or poor value?

My back of a fa_ packet calculation says the lower level ones are the best value ie gold level not platinum or diamond. I may be wrong though

 

[muppet]

Have you done the sums on the cost per SC to know if it's good or poor value?

I ran the numbers for a hypothetical $645 SNIIP payment:



So Diamond the best value, but still marginal for buying points - really need to be making sure your redemptions are high-value if doing this sort of thing as most readily available redemptions on qantas.com are about $0.015~. Upgrades and F/J Class redemptions usually exceed $0.03 so are okay.

 

[SYD]

I ran the numbers for a hypothetical $645 SNIIP payment:

View attachment 532037

So Diamond the best value, but still marginal for buying points - really need to be making sure your redemptions are high-value if doing this sort of thing as most readily available redemptions on qantas.com are about $0.015~. Upgrades and F/J Class redemptions usually exceed $0.03 so are okay.

Previous post was more about cost per SC to get the “Banking” 20 SCs on the Ground (rather than using those points for redemption). But same same, there are probably cheaper (if not “free”) ways to get that 20 SCs.

It cost me $0 transferring a dog of a stock to Webull to get 1k points and 20 SCs. Alas, that intro promo finished in Sep.

 

[Beer_budget]

I ran the numbers for a hypothetical $645 SNIIP payment:

View attachment 532037

So Diamond the best value, but still marginal for buying points - really need to be making sure your redemptions are high-value if doing this sort of thing as most readily available redemptions on qantas.com are about $0.015~. Upgrades and F/J Class redemptions usually exceed $0.03 so are okay.

Surely for SCs in this hypothetical, nothing above gold (and the 1000 points needed for the SCs) is worth it.

 

[transpactraveller]

The Banking one for me was dead easy. Parked $500 cash/stock in Webull for 1mth for 1000 QFF pts and 20 SCs! Happy days.

Looks like they killed that and it's now $10,000 minimum balance to earn points?

 

[muppet]

Surely for SCs in this hypothetical, nothing above gold (and the 1000 points needed for the SCs) is worth it.

True but if you just wanted the 1000 for the status credits, you’d still be better off chosing Diamond SNIIP rewards and just make a smaller payment.

Cheapest 1,000 points will be a $200 payment on SNIIP at Diamond level for $22.14. At the Gold level you’d need a $500 payment costing $26.85 to get 1,000 points.

 

[SYD]

Looks like they killed that and it's now $10,000 minimum balance to earn points?

I think there’s also bonus points for certain trades etc. I’ve not looked too closely.

I’ll probably try La Trobe next. There’s actually double points on until the end of November. An easy option for anyone with a lazy 10k to invest.

Ideally something that paid points monthly so you got at least 1k per member year would be ideal.

 

[exceladdict]

This is also my plan but there is always a cost.

For example, Wish Gift Cards.
1 bonus pt per dollar with both Qantas & Qantas Pay?
Or 4% off on the Everyday Rewards App?

Fair point, valuing at 1c/p you’re looking at 2% difference, maybe $20 if buying $1k worth of gcs

True but if you just wanted the 1000 for the status credits, you’d still be better off chosing Diamond SNIIP rewards and just make a smaller payment.

Cheapest 1,000 points will be a $200 payment on SNIIP at Diamond level for $22.14. At the Gold level you’d need a $500 payment costing $26.85 to get 1,000 points.

There are also sniip new account bonuses from time to time to consider if you haven’t taken this up yet. I’m in a bit of an account consolidation phase so thought qantas pay might be simpler this time!

 

[SYD]

I’m in a bit of an account consolidation phase so thought qantas pay might be simpler this time!

So is that $4k spend in AUD at 0.25 pts/$? (To get 1k pts towards “Banking”)

International spend earns more but you get hit with ~3% built in fee.

 

[exceladdict]

So is that $4k spend in AUD at 0.25 pts/$? (To get 1k pts towards “Banking”)

International spend earns more but you get hit with ~3% built in fee.

spend with qantas earns 1.25/$