Qantas points are worth between under 1 cent and 12 cents each in 2025, depending on how they are redeemed. The best value typically comes from flight upgrades, which can be worth about 10 cents per point. Business class flights provide around 5 to 8 cents per point, while economy class flights yield about 2 cents per point. Other uses, like hotels or car rentals, are worth significantly less—around 0.7 cents per point, and gift cards or products in the Rewards Store are worth about 0.4 cents per point. Classic Plus Rewards give a fixed value of exactly 1 cent per point but generally offer less value than Classic Rewards flights. Therefore, redeeming points for flights, especially upgrades or business class, offers the highest value from Qantas points in 2025.