FAQ: How many frequent flyer points do I get for my rewards points?
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FAQ: How many frequent flyer points do I get for my rewards points?

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One of the questions we get asked fairly regularly here at creditcard.com.au is what the conversion rate is between a bank’s rewards points and either Qantas Frequent Flyer points or another frequent flyer program points. This is something that looks really easy to figure out, but you will usually have to trawl the rewards program website to get the full picture. For a start, you’ll need to be sure that you can convert points to the frequent flyer program that you’re a member of (not all rewards programs have deals with all airlines).

Apart from understanding which frequent flyer programs are available, you can’t tell whether you will get good value doing a conversion when you can’t see different options side by side. That’s why we’ve designed a quick reference frequent flyer conversion table. The table also shows you how many points you need to do an initial transfer and requirements for on-going transfers.  After viewing the table, you can go back to our full frequent flyer credit card card page which lists all relevant frequent flyer cards in an easy to view format.

Frequent Flyer and Rewards Points Compared

BankWhich rewards cards convert?Frequent Flyer program optionsRewards points needed for initial transfer *Bank rewards pointsPoints conversion rateMinimum ongoing transfer amount
American ExpressPlatinum, Platinum Edge, Essential, Explorer, Gold Business and Business Platinum cards * David Jones store card converts at a different rateVirgin Velocity Frequent Flyer points2,000
1 for 1
Blocks of 2,000
Virgin Atlantic Flying Club2,000
1 for 1
Blocks of 2,000
Singapore Airlines KrisFlyer points5,000
1 for 1
Blocks of 5,000
Malaysia Airlines Enrich500
1 for 1
Blocks of 500
Emirates Skywards2,000
4 for 3
Blocks of 2,000
Etihad Guest1,000
1 for 1
Blocks of 1,000
Thai Royal Orchid Plus5,000
1 for 1
Blocks of 5,000
Air New Zealand Airpoints Dollars2,000
100 for 1
Blocks of 2,000
ANZANZ Rewards and Rewards Platinum cardsAir New Zealand Airpoints Dollars3,000
3000 for 15
Blocks of 1500
Asia Miles3,000
3 for 1
Blocks of 1500
Singapore Airlines KrisFlyer Miles6,000
6000 for 2000
Blocks of 3,000
Virgin Velocity Frequent Flyer points3,000
2 for 1
Blocks of 3000
BankwestBankwest More RewardsBankwest More rewards cannot be converted, but Qantas Frequent Flyer members can get the Bankwest More Qantas cardn/a
n/a
n/a
CBAAwards, Gold Awards, Platinum Awards and Diamond Awards cardsQantas Frequent Flyer points * linking your account to directly earn Qantas Frequent Flyer points costs $30 per year4,000
2.5 for 1
n/a
Virgin Velocity Frequent Flyer points3,600
2.5 for 1 (2 for 1 Platinum + Diamond cards)
Blocks of 1000
CitiCiti Rewards Signature, Citi Rewards Platinum and Citi Prestige cardsVirgin Velocity Frequent Flyer pointsn/a
2.5 for 1
n/a
Emirates Skywardsn/a
3 for 1
n/a
Singapore Airlines KrisFlyer pointsn/a
2.5 for 1
n/a
HSBC*Only for HSBC Premier or HSBC Platinum holders.
For Qantas see HSBC Platinum Qantas card
Velocity Points5,000
2 for 1
Blocks of 5,000 or 10,000
NABNAB Rewards Platinum, Rewards Classic CardNAB Premium can only be linked to flybuys. Cardholders can choose credit cards which earn Qantas Frequent Flyer points or Velocity Frequent Flyer points directly.n/a
n/a
n/a
St GeorgeSt George Amplify, Amplify Platinum, Amplify SignatureVelocity Frequent Flyer3,000
2 for 1
Blocks of 500
Singapore Airlines KrisFlyer pointsn/a
n/a
n/a
Malaysia Airlines Enrichn/a
n/a
n/a
SuncorpSuncorp Platinum credit cardSingapore Airlines KrisFlyern/a
2.5 for 1
n/a
Velocity Frequent Flyern/a
2.5 for 1
n/a
Emirates Skywardsn/a
3 for 1
n/a
WestpacWestpac Altitude, Altitude Platinum and Altitude BlackVelocity Frequent Flyer3,000
2.5 for 1
Blocks of 500
Malaysia Airlines Enrich3,000
2.5 for 1
Blocks of 500
Singapore Airlines KrisFlyer3,000
2.5 for 1
Blocks of 500
Air New Zealand Airpoints Dollars2700
n/a
540

1. Only business and corporate members can transfer points manually to Qantas Frequent Flyer points

 

Converting rewards points to frequent flyer points

There are a few things you might not be aware of until you actually go to make the transfer. Keep these in mind if you’re thinking about converting some rewards points into frequent flyer points:

  1. Bank rewards points are not always 1 for 1 with frequent flyer points. See our table for the conversion rates from major banks.
  2. Once you convert to frequent flyer points, you generally can’t convert points back the other way. You can’t convert existing frequent flyer points to rewards points either.
  3. Points usually have to be transferred in blocks, and you may have to wait until they build up again to transfer the rest across (imagine you can only transfer points in blocks of 5000. If you have 5550 points accumulated, 550 points will have to stay on your rewards account until you build them back up to 5000)
  4. If you want to earn Qantas Frequent Flyer points, remember that the majority of banks in Australia offer a card which allows you to automatically earn points if you are a Qantas Frequent Flyer member (including now other providers such as Woolworths)
  5. You will have to be a member of whatever frequent flyer program you want to transfer points to (or join separately before you can convert points)
  6. Allow a minimum of 3-5 days for points to be transferred. It is not advisable to book flights before requesting a transfer. Points may take up to two weeks to appear.
  7. You will generally only be able to transfer points to a frequent flyer account in your own name and with the same details. If you change your details, update your credit card and frequent flyer accounts to be the same and avoid transfers not going through or being delayed.

Don’t forget about travel rewards from the bank’s own programs

Before actually converting to frequent flyer points, check out the options you might have to book flights with any airline, or to use points towards accommodation, ground transport options, tours or other rewards. Many bank rewards programs will have something to consider like travel vouchers. This could give you added flexibility when it comes to booking flights and might also mean you can fly a more direct route or at a preferred time.

Converting points with banks not included in the table

Apart from those in the table, Bankwest does not allow More rewards points to be converted to frequent flyer points, but there is a Qantas credit card option which lets you earn Qantas Frequent Flyer points directly.

Some smaller banks and credit unions also offer their own rewards program and don’t always allow members to transfer their points for frequent flyer miles. These may have a Qantas linked credit card on offer, or an alternative travel rewards program.

Founder - Roland B Bleyer

Roland Bleyer

Founder of Creditcard.com.au. Roland has extensive knowledge about credit cards in Australia. Known as a credit card expert, he has been featured on tv and in various publications.
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