Qantas and Velocity points are worth roughly 1.5 to 1.6 cents each on economy redemptions. Everything here works from that number rather than around it.
Velocity asks fewer points for a domestic economy seat and charges less to book it. Qantas gives you more cards to earn on and more places to fly. The right program depends on which constraint binds first.
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Published valuations of a Qantas point run from 1.1 cents to over 2 cents, and both are defensible. The cash fare you redeem against and the carrier charge you still pay decide which one applies to you.
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Earn and redeem Qantas Points, Velocity Points, and KrisFlyer miles in Australia. Here's how each program works and which cards earn the most.
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Transfer Qantas Points between family members, from credit cards, and to partner programs using these step-by-step methods.
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Virgin Australia changed its carry-on rules on 2 February 2026. Economy now gets 8kg in the cabin against Qantas allowing up to 10kg in one piece, and the cheapest Virgin fares still include no checked bag at all.
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An adult Australian passport costs $422 from January 2026 and takes about six weeks. The six month validity rule catches out travellers who checked the expiry date and thought they were fine.
Read Full GuideAround 1.5 cents for Qantas and 1.6 cents for Velocity when you redeem for economy flights, which is the redemption most people make. Premium cabins can beat that. Gift cards and merchandise sit well below it.
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