What to do with my QFF points?

What to do with my QFF points?

Just a quick question for you all. I have been taking advantage of several credit card sign up promos (cba 40000, wbc 60000, amex 50000, wow 30000 & jetstar 50000) as I had some upcoming bills to pay. I will also be signing up to hsbc 40000, nab 40000 and dj's 30000 in september. As a person who travels in economy and buys the ticket on sale what would be my best use of those accumulated points?

The best use of points varies depending on who you ask. What do you want to get out of your points and how many people are you booking for? Some people say the best value is to bid for an upgrade. Some people like the oneworld award which can take you to many remote destinations around the world for a similar cost to a return award to Europe. Awards in premium classes are always popular and will always be good value. Best use of points is really a personal decision.

Using points to in economy is a waste in my opinion.

Agree 100%

Do a family transfer to your "cousin" F8 ;-)  

Seriously, I find international upgrades are the best value, depending on your purchased economy class and status.

'As a person who travels in economy and buys the ticket on sale'

Given you buy tickets when they are on sale it would be highly unlikely that you would be buying fares which are eligable for upgrades anyway. Best option, for flying anyway, would be classic award seats in either business or first class

classic award in J. you will have enough for 2-3 pax to asia return or perhaps 2 to europe. remember to book 330 days out or you wont find any fares!

Don't waste them on purchases with QF or on economy tickets.

Also beware of what taking out all these cards will do to your credit rating!

I applied for all those cards for the sole purpose of churning and burning. Each card will be paid off in full at the end of the month and I will terminate the one's that are no longer useful to me before the annual fee is due.

Not too concerned about my credit rating as I have no intention of asking the bank for a car loan, mortgage etc.

Thanks for the feedback. I will take your advise regarding the classic award.

Are these all fee free promos that you are getting ?

I think there is an some article in the ausbt archive on best use of QFF points.  I recall it agreed with the answers already given on upgrades and classic J rewards.  I prefer classic awards in J because of the uncertainty with upgrades.  Getting these is easier if you have a P1 cousin!

Some are, some aren't. Check out the qantas card selector page.

With the cards I have applied for and will be applying for and taking obanpointer's advise I will be able to secure a london first class return award ticket for less than the price of an economy ticket (not inc taxes), that is, if the award space becomes available. A big if I know.

If you fall short of your Qantas points target, one option is to look out for an AA buy miles promo. Qantas charges 192,000 points + A$619 for a one way Qantas first class award ticket from Melbourne to London. American Airlines charges 80,000 miles + US$57 for the same seat.

How did you get all these credit cards without hurting your credit score?

Hi Michael

Not too concerned about my credit score. Mortgage was paid off several years ago and I dont have any other loans.

Funny thing is, my income is no where near the criteria for some of these cards.  Do you think that stopped the banks from giving me all that credit?