A Qantas Point is worth anywhere from under 1 cent to 5 cents or more, depending on how you use it. Spend your points on gift cards or products and you'll usually get less than 1 cent each. Use them for a Business Class reward seat and you can get 3 to 6 cents per point or more.
Here's the simple rule we use (it's the same one built into our free Qantas Points value calculator):
- Under 2 cents per point: a bad redemption. You're wasting your points.
- 2 to 3 cents per point: an okay redemption.
- Over 3 cents per point: a great redemption.
Below is the formula, real examples, and how to make sure your points land in the "great" column.
I go through exactly how to check this in this video:
How to work out what a Qantas Point is worth
There's no official dollar value for a Qantas Point, so you work it out for each redemption. It takes about 10 seconds:
(Cash price − taxes and fees) ÷ points needed × 100 = cents per point
- Cash price: what the same flight (or hotel, or gift card) would cost if you paid cash.
- Taxes and fees: the cash you still pay on top of the points. Take this off, because you're paying it either way.
- Points needed: how many Qantas Points the redemption costs.
Multiply by 100 to turn the answer into cents. Then check it against the rule: under 2c is bad, 2 to 3c is okay, over 3c is great.
Don't want to do the maths? Plug the three numbers into our Qantas Points value calculator and it does it for you. I also run through the maths in how to calculate Qantas Points value.
Bad, okay or great? Four examples
The points figure in the first example is from the Qantas Classic Flight Reward table at the time of writing (October 2026). The cash prices in all four are made up for illustration, because real fares change by the hour. Run your own numbers before you book.
Great: Business Class to Los Angeles (5.5c per point)
A one-way Business Class Classic Flight Reward from Sydney to Los Angeles (Zone 8 on the Qantas table) costs 130,100 Qantas Points plus taxes. Say the cash fare is $7,500 and the taxes on the reward are $400:
($7,500 − $400) ÷ 130,100 × 100 = 5.5 cents per point. A great redemption.
Okay: Premium Economy on a long-haul flight (2.5c per point)
Say a Premium Economy reward costs 100,000 points plus $300 in taxes, and the cash fare is $2,800:
($2,800 − $300) ÷ 100,000 × 100 = 2.5 cents per point. Okay, but not the best you can do.
Bad: a short Economy flight (1.5c per point)
Say a domestic Economy reward costs 20,000 points plus $50 in taxes, and the cash fare is $350:
($350 − $50) ÷ 20,000 × 100 = 1.5 cents per point. A bad redemption. You'd be better off paying cash and saving the points.
Bad: a gift card (under 1c per point)
Say a $100 gift card costs 12,000 points, with no fees:
$100 ÷ 12,000 × 100 = 0.8 cents per point. You're wasting your points.
Same points, wildly different value. A Business Class seat can be worth six times as much per point as a gift card.
What different Qantas redemptions are usually worth
| How you use your points | Typical value | Rating |
|---|
| Business or First Class Classic Flight Rewards (long-haul) | 3 to 6c+ per point | Great |
| Premium Economy Classic Flight Rewards | Often 2 to 3c | Okay |
| Economy Classic Flight Rewards | Often 1 to 2c | Usually bad |
| Classic Plus and Points Plus Pay | Usually 1 to 2c | Usually bad |
| Hotels, Qantas Marketplace, gift cards | Usually under 1c | Bad |
These are rules of thumb, not official figures. Always run the formula on your actual redemption, because a cheap cash fare can turn a "great" route into an "okay" one.
Prefer to watch? I rank the ways to redeem Qantas Points from worst to best here:
Why Business Class gets so much more value
Classic Flight Rewards are priced on a fixed table by distance zone and cabin, but cash fares aren't. A long-haul Business Class ticket often costs many thousands of dollars in cash, while the points price is fixed. That gap is where the 3c+ redemptions come from. These are the highest-value ways I've found to use 100,000 Qantas Points, and our guide to how many Qantas Points you need for Business Class has the full table.
Watch out for Classic Plus
Classic Plus seats are always available, but they're priced off the cash fare, so they usually land under 2c per point. If a flight is costing a huge number of points, check whether you're looking at Classic Plus rather than a Classic Reward. Here's Classic Plus vs Classic Reward explained, and I compare them in this video.
How to get over 3 cents per point
- Use your points for long-haul Business or First Class, not short Economy flights or products.
- Book Classic Reward seats, not Classic Plus. Here's how Classic Reward seats work.
- Compare taxes between airlines. Lower taxes and carrier charges push your cents per point up.
- Run the numbers before you book. If it's under 2c, pay cash and keep your points for something better.
- Avoid the low-value traps I cover in Qantas Points redemptions to avoid.
New to all this? Start with our complete Qantas Points guide.
FAQs
How much is 1 Qantas Point worth?
It depends on how you use it. On gift cards and products it's usually under 1 cent. On long-haul Business Class reward seats it's often 3 to 6 cents or more.
What is a good value for Qantas Points?
Our rule: under 2 cents per point is a bad redemption, 2 to 3 cents is okay, and over 3 cents is a great redemption.
What is 100,000 Qantas Points worth in dollars?
Spent on gift cards or products, often under $1,000. Spent on long-haul Business Class reward seats at 3 to 6 cents per point, the same 100,000 points can be worth $3,000 to $6,000 or more of flights.
How do you calculate the value of a Qantas Point?
Take the cash price, subtract the taxes and fees you pay on the reward, divide by the points needed and multiply by 100. That gives you cents per point. Our free calculator does it for you.
Is it better to use Qantas Points for flights or gift cards?
Flights, almost always, and especially Business or First Class. Gift cards usually give under 1 cent per point.
Get the high-value redemptions
The hard part of getting 3c+ per point is finding the Business Class reward seats. In The Points Hub we find Business Class reward seats bookable with Qantas Points every day and share the best ones, with the points and taxes for each.
