It doesn't seem like a very good deal.

According to the press release EARN rates are unchanged (which is $1.5=1 Reward Point)... AND... the REDEMPTION rate for QFF points is 1.5 Reward Points for each QFF point.

So, to get one QFF point, you need to have 1.5 Reward Points, and to get 1.5 Reward Points, you need to spend $2.25. That's a 2.25:1 ratio, which is the worst I've seen.

Correct me if I'm wrong, but I think that ANZ has lowered the bar... (again)