In September 2025, the value of a Qantas point varies significantly depending on how it is spent:

• On Economy Classic Reward flights, 1 point is typically worth about 2 cents.
• On Premium Economy Classic Reward flights, it is worth about 5 cents.
• On Business Classic Reward flights, it ranges between 5 to 8 cents.
• On flight upgrades, points are worth about 10 cents each.
• For hotels or car rentals, points are worth around 0.7 cents.
• For gift cards or products through the Rewards Store, points are worth about 0.4 cents.
• Charity donations yield about 0.7 cents per point.
• Classic Plus Rewards have a fixed value of exactly 1 cent per point.

The best value comes from using points for flight upgrades, followed by business class flights, then economy flights, and lastly for merchandise or gift cards where value is quite low. The value of points was affected by an increase in points required for rewards as of August 5, 2025, devaluing points somewhat, but good deals remain.