Before choosing a credit card, understanding the major rewards programs is essential. Point values vary dramatically based on redemption method—Qantas points for gift cards return ~0.5¢ each, while business class flights can deliver 3-5¢ per point. Our Points Valuation Guide explains how to maximize value.
Qantas Frequent Flyer
Australia's largest program with 14M+ members. Earn on Qantas flights, credit cards, shopping partners. Best for Qantas and oneworld alliance travellers seeking domestic and international flights.
1.0 - 1.8¢ per point
Best redemptions: Business class international (4-5¢/pt)
Full Qantas Guide →
Velocity Frequent Flyer
Virgin Australia's program with strong Singapore Airlines partnership. Excellent value on short-haul Asian routes (Bali, Fiji) and domestic flights. No foreign transaction fees on most partner cards.
0.9 - 1.7¢ per point
Best redemptions: Short-haul business to Asia (4-5¢/pt)
Full Velocity Guide →
Amex Membership Rewards
Maximum flexibility with transfers to 8+ airline programs: Qantas (2:1), Velocity (1:1), Singapore KrisFlyer, Cathay Pacific Asia Miles, Emirates Skywards, and more. Perfect for strategic collectors.
1.2 - 2.0¢ per point
Best strategy: Transfer to airlines for premium cabins
Full Amex MR Guide →