What to do with your QFF points during the COVID-19 travel slump?

[Mr H]

I'm keeping an eye out on the QAN share price. If it looks like they could go under I'm tempted to convert to vouchers.

Famous last words, but I think the strategic importance of having an airline would mean the Cth Govt would not allow it to go under. On the other hand, I am looking at whether to convert 120k Velocity points into Kris Flyer...

 

[nerdag]

Famous last words, but I think the strategic importance of having an airline would mean the Cth Govt would not allow it to go under. On the other hand, I am looking at whether to convert 120k Velocity points into Kris Flyer...

When AJ went cap in hand to Abbott in 2011, the answer was a firm 'no'.

I appreciate circumstances are different today, but I don't think that it is entirely the case that a bailout would be granted no questions asked.

 

[Isochronous]

When AJ went cap in hand to Abbott in 2011, the answer was a firm 'no'.

I appreciate circumstances are different today, but I don't think that it is entirely the case that a bailout would be granted no questions asked.

That's because Abbott and Hockey tried to run a principled conservative economic policy. When they were torn down by Turnbull the Coalition went full on to appeasement mode so I think a request today would be treated more favourably - they have already announced a waiver and refund of various airport taxes etc.

 

[Fil-Ski]

Famous last words, but I think the strategic importance of having an airline would mean the Cth Govt would not allow it to go under. On the other hand, I am looking at whether to convert 120k Velocity points into Kris Flyer...

It all depends what kind of bailout it is. If any

 

[froggerADL]

Just a thought and not sure if anyone has mentioned this but what if this goes on for 18 months and we can't fly. (I can't because no Qantas flights in NZ and don't know if Jetstar counts). Willwe losse all our points?

If this goes on for 18 months I very much doubt that our points would still exist.

 

[ja1]

If this goes on for 18 months I very much doubt that our points would still exist.

They might. Exist that is.. but simply be devalued. Much like anything that exists as a virtual entity without any real backing behind it other than faith I suppose.

I'd guess that people redeeming points is actually helping QAN in a way by reducing the QFF points liability on the books and creating revenue.. It'd be interesting to see the next detailed QAN market update as it may be red ink in every division except QFF..

 

[nerdag]

They might. Exist that is.. but simply be devalued. Much like anything that exists as a virtual entity without any real backing behind it.

Like all fiat money?

QFF is a defacto Australian currency, notwithstanding the terrible exchange rate.

 

[DC3]

There could be some good deals on toasters, soon.

 

[ja1]

Like all fiat money?

QFF is a defacto Australian currency, notwithstanding the terrible exchange rate.

Yes, but I meant more, regulation and processes. i.e there is an RBA for australian currency and some transparency and independence (RBA governor).

QAN treasury is presumably the RBA equivalent for QFF and they don't have to tell you very much at all (beyond regulatory filings)

It's not a criticism of QFF in any way, it's simply an observation of the rise of alternate currencies and what actually 'stands' behind them. In the AUD case there's a whole diversified economy ($2 trillion). In QFF's case there is QAN (all $8.4b of it) which just had its market cap drop by more than ~70%.

I'd still buy QFF points if people were selling (at a great rate) even though i rarely fly QAN now

 

[Ekka]

That's because Abbott and Hockey tried to run a principled conservative economic policy. When they were torn down by Turnbull the Coalition went full on to appeasement mode so I think a request today would be treated more favourably - they have already announced a waiver and refund of various airport taxes etc.

Quite so.

 

[froggerADL]

That's because Abbott and Hockey tried to run a principled conservative economic policy. When they were torn down by Turnbull the Coalition went full on to appeasement mode so I think a request today would be treated more favourably - they have already announced a waiver and refund of various airport taxes etc.

I wonder how Mr. Hockey would describe interest rates at 0.25%, given that he thought 3.5% was "emergency rates"? We live in very interesting times. And it looks like we are going to bail out VA which is almost completely owned by foreign airlines.

 

[Catweazle]

Remember that the whole QFF loyalty scheme aids marketing, branding and money making through increased sales. It wouldn't exist if 14 million members equated to a constant loss of $$$ through 14 million complimentary flights. So, yes, I think they'll still keep it but there will come a time in the future when you'll look back on recent QFF point valuations and wonder how they were ever so generous in 2019 and early 2020.

 

[samh004]

When international travel takes off (see what I did there) again, I want to be in a good position to snap up rewards and cheap flights to explore the world free of other tourists, therefore, my plan is to hold onto my points, and/or probably add to them.

Depending on what happens with a potential lockdown in this country, I might also start exploring domestically again. Local businesses need support!

 

[oz_mark]

There could be some good deals on toasters, soon.

They should take up selling toilet paper.

 

[celsioraus]

5+ Years I have been rolling credit cards including 355k points accumulated this year to have over a 850k points saving up for a once in a lifetime First RTW Trip.. Denying myself any chance to spend points opting for cash instead. Well fear got the best of me and as i wake up from what seems like a drunken stupor (funnily enough a Wine free night) with only 16000 points left in my account.

What did i buy? Value.. I needed good value for my points and 0.4c per point wouldn't cut it
An Iphone for 370k when i can pick up one for 1500.. No. A TV for 450k which is worth under 2k at JB? No...

It started small and came with a nice buzz.. Including my Points Plus an extra 10% off really gave it that extra kick..
https://www.qantasstore.com.au/p/sunbeam-es9600-cafe-series-17cm-food-slicer/1029488
28k points, meh who cares... Reviews were disappointing but who cares right? My salami will now be thinly sliced. The hunt continued.. Next Purchase?

https://www.qantasstore.com.au/p/breville-bwd600sil-the-sommelier-wine-decanter/1001098

82k points... Reviews good.. still got a crumb-load of points.. Really happy with this..

By this time it was 1 am so i wasn't thinking straight and the next little one tipped me over the edge of sanity.

https://www.qantasstore.com.au/p/liebherr-wkb4612-free-standing-195-bottle-wine-cellar/164118

392k points.. Why? I don't know.. Going for around 3k online its one of those purchases any sane person would never buy... but yet im excited...

Still with over 400k points left there was only one thing left to do.. Wine... Buy some wine and i hope i made the right choice in getting 6 cases of these..

Mystery High Scoring Cabernet Dozen

The rewarding way for Qantas Frequent Flyers to enjoy award winning wines from our cellar in the sky. Qantas Wine invites you to experience premium food and wine, earn Qantas Points with every sip and meet with the producers and winemakers at our exclusive events.

wine.qantas.com

Nothing left, addiction got the best of me.. Will i keep rolling points? Yes.. Good job Qantas on rolling out your points plus program. Be Gentle.. I need some reassurance.. Links to hidden amazing deals i missed out on might kill me

 

[exceladdict]

5+ Years I have been rolling credit cards including 355k points accumulated this year to have over a 850k points saving up for a once in a lifetime First RTW Trip.. Denying myself any chance to spend points opting for cash instead. Well fear got the best of me and as i wake up from what seems like a drunken stupor (funnily enough a Wine free night) with only 16000 points left in my account.

What did i buy? Value.. I needed good value for my points and 0.4c per point wouldn't cut it
An Iphone for 370k when i can pick up one for 1500.. No. A TV for 450k which is worth under 2k at JB? No...

It started small and came with a nice buzz.. Including my Points Plus an extra 10% off really gave it that extra kick..
https://www.qantasstore.com.au/p/sunbeam-es9600-cafe-series-17cm-food-slicer/1029488
28k points, meh who cares... Reviews were disappointing but who cares right? My salami will now be thinly sliced. The hunt continued.. Next Purchase?

https://www.qantasstore.com.au/p/breville-bwd600sil-the-sommelier-wine-decanter/1001098

82k points... Reviews good.. still got a crumb-load of points.. Really happy with this..

By this time it was 1 am so i wasn't thinking straight and the next little one tipped me over the edge of sanity.

https://www.qantasstore.com.au/p/liebherr-wkb4612-free-standing-195-bottle-wine-cellar/164118

392k points.. Why? I don't know.. Going for around 3k online its one of those purchases any sane person would never buy... but yet im excited...

Still with over 400k points left there was only one thing left to do.. Wine... Buy some wine and i hope i made the right choice in getting 6 cases of these..

Mystery High Scoring Cabernet Dozen

The rewarding way for Qantas Frequent Flyers to enjoy award winning wines from our cellar in the sky. Qantas Wine invites you to experience premium food and wine, earn Qantas Points with every sip and meet with the producers and winemakers at our exclusive events.

wine.qantas.com

Nothing left, addiction got the best of me.. Will i keep rolling points? Yes.. Good job Qantas on rolling out your points plus program. Be Gentle.. I need some reassurance.. Links to hidden amazing deals i missed out on might kill me

Not sure if you're after smiles or hugs. You pick I'm sure many are in a similar place

 

[celsioraus]

Not sure if you're after smiles or hugs. You pick I'm sure many are in a similar place

Little bit of both please

 

[get me outta here]

Why not book an F reward to JFK via HND in March 21? Or wait a few weeks and get April. $268 and a few points.

 

[celsioraus]

Why not book an F reward to JFK via HND in March 21? Or wait a few weeks and get April. $268 and a few points.

Lol airlines have left a bitter taste in my mouth. I'm switching to cruises from here in

 

[Mr H]

By this time it was 1 am so i wasn't thinking straight and the next little one tipped me over the edge of sanity.

https://www.qantasstore.com.au/p/liebherr-wkb4612-free-standing-195-bottle-wine-cellar/164118

392k points.. Why? I don't know.. Going for around 3k online its one of those purchases any sane person would never buy... but yet im excited...

I looked this up. As you say, $3000+ online. But in the Qantas store, I tried using the slider for points plus pay - it lands on 2000 points and $2532 payment. And you get 5065 points back from your spend!

Who says the Qantas store is poor value?