Last year, Inside Flyer magazine gave 3000 Starwood Hotel points per subscription during a promotion. At the time, for ever 1 Starwood point, you got 2 Qantas miles. And when you tranfer 20,000 Starwood points to an airline, Starwood gives you a 5000 mile bonus.

So let's say you ordered 7 IF subsriptions. That means 21,000 Starwood points. Transfer those to Qantas at 1:2, and that's 42,000 Qantas miles. Add the 5000 bonus, and that's 46,000 miles. Do this three times and you get 138,000 Qantas miles.

It takes 125,000 Qantas miles for a British Airway Firt Class (including Concorde) ticket not exceding 10,000 Miles of travel.(at least, it used to. Not sure if they still allow Concorde).

At $60 per IF subsription, the Concorde ticket ends up costing less than $1200.

And what do you do with all those subscriptions? You donate them to airline lounges!