Guides
What is a point worth?
Updated October 22, 2026A point has no fixed value. It depends on what you redeem it for. To compare cards fairly, findmymiles uses one reference value per program.
How to calculate it
Value per point = (cash price of the flight − taxes and fees on the award ticket) ÷ points required
For example, if a flight costs A$900 in cash, or 30,000 points plus A$90 in taxes, each point is worth 2.7¢.
When the value goes up or down
- Long-haul and premium-cabin flights tend to give more value per mile.
- In peak season, cash fares rise, so the same miles can be worth more.
- Using miles for gift cards or shopping usually gives less value than flights.
Reference values we use
| Program | Airline | Value per point |
|---|---|---|
| Qantas Frequent Flyer | Qantas | 1¢ |
| Velocity Frequent Flyer | Virgin Australia | 1¢ |
Try it with your spendingEnter your monthly spend to see yearly miles and net value for every card.
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