Firstly, I am aware this is about Velocity points, and I am focused on Qantas - SORRY! I have given up trying to redeem by hundreds of thousands of Qantas points for long distance business class seats. The lack of seats, the amount of time it takes, the outrageous number of points it now requires and then the cash charges have killed off my interest in loyalty. Please don't reply and post about how you managed to score 20 seats for your family flying to London in first class, you're a unicorn. And Qantas knows it. Trying to get the right flight out, at a reasonable price and then somehow the right flight back and then trying to book for your partner – Qantas knows you will give up. So much for my long term Qantas loyalty, my points and lifetime gold status come from flights not paying power bills, but Qantas doesn't care because the FF program is so profitable. Fortunately, I have two children studying in another state and there is no problems booking tickets for them to regularly travel back-and-forth in economy.