Renato1
Established Member
- Joined
- May 1, 2015
- Posts
- 1,730
Velocity Point Devaluation - Painful for Me
Back on 21 June I posted a thread in the Open Discussion about my personal valuation of Qantas FF and Velocity Points. I had gone through most places I wanted to visit, and noted the points required.
Today, I see that it now takes 18% to 19% more points to go to those destinations, while taxes and charges remain the same. This is thus a hefty devaluation of the value of my bank of Velocity Points.
I suspect that we can now presume how all of those huge numbers of Bonus points for new credit cards are being funded, in my opinion - by the accounts of current point holders.
For the record,
Melbourne...............No Of Points..........21 June 2015............11 July 2015
to
Sydney ...............................................5,800....................6,900
Adelaide...............................................5,800....................6,900
Perth ..................................................14,300..................16,900
Ouch! This reminds me of the Whitlam years.
I don't recall Qantas doing such a savage devaluation in their points during the last 11 years, since I became a member with them.
Regards,
Renato
Back on 21 June I posted a thread in the Open Discussion about my personal valuation of Qantas FF and Velocity Points. I had gone through most places I wanted to visit, and noted the points required.
Today, I see that it now takes 18% to 19% more points to go to those destinations, while taxes and charges remain the same. This is thus a hefty devaluation of the value of my bank of Velocity Points.
I suspect that we can now presume how all of those huge numbers of Bonus points for new credit cards are being funded, in my opinion - by the accounts of current point holders.
For the record,
Melbourne...............No Of Points..........21 June 2015............11 July 2015
to
Sydney ...............................................5,800....................6,900
Adelaide...............................................5,800....................6,900
Perth ..................................................14,300..................16,900
Ouch! This reminds me of the Whitlam years.
I don't recall Qantas doing such a savage devaluation in their points during the last 11 years, since I became a member with them.
Regards,
Renato
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