The analysis is saying...

If you spent $X in a year on general card spend, and $Y a year with the airline, that would give you a blended rate of points per $.

If you then redeemed those points on the routes and classes shown, what would those points be worth, expressed as a % of the initial spend.

I have assessed the monetary value of a redemption by looking at the current price of a live ticket in the far classes indicated, though this is of course highly variable.

I would welcome any improvement to the methodology - so for those interested, here are the workings:


Ticket price Qantas Velocity
MEL-SYD (Econ) $258 $234
MEL-SIN (Econ) $1,479 $1,236
MEL-SIN (Bus) $4,344 $4,670
MEL-LHR (Econ) $2,945 $2,633
MEL-LHR (Bus) $9,870 $8,834

Tax etc Qantas Velocity
MEL-SYD (Econ) $11 $11
MEL-SIN (Econ) $118 $118
MEL-SIN (Bus) $118 $118
MEL-LHR (Econ) $306 $306
MEL-LHR (Bus) $457 $457

(Qantas does not break out taxes and charges, so I have used Virgin charges as a proxy)

Points Qantas Velocity
MEL-SYD (Econ) 16,000 16,800
MEL-SIN (Econ) 60,000 70,000
MEL-SIN (Bus) 120,000 240,000
MEL-LHR (Econ) 128,000 125,000
MEL-LHR (Bus) 256,000 250,000

(For Virgin, using the points calculator here https://www.velocityrewards.com.au/c...ines/index.htm)

Value per point (£) Qantas Velocity
MEL-SYD (Econ) $0.015 $0.013
MEL-SIN (Econ) $0.023 $0.016
MEL-SIN (Bus) $0.035 $0.019
MEL-LHR (Econ) $0.021 $0.019
MEL-LHR (Bus) $0.037 $0.034

(Value per point = (Fare -Tax) / Points required)

Flights Qantas Velocity
MEL-SYD (Econ) QF408, QF467 DJ809, DJ868
MEL-SIN (Econ) QF35, QF36 VA5518, VA5519
MEL-SIN (Bus) QF35, QF36 VA5518, VA5519
MEL-LHR (Econ) QF9, QF10 VA7461/7019, VA7012/7460
MEL-LHR (Bus) QF9, QF10 VA7461/7019, VA7012/7460