A point is worth what you redeem it for.
How rewards currencies work in Australia: what earns them, how they move between programmes at a published ratio, and the arithmetic that prices a redemption before you commit to it.
*Every ratio below is as filed in the transfer-route ledger. Where a record leaves a field blank, the cell says so instead of guessing.
- 13
- routes filed
- 2
- source programmes
Three postings, in order
Every rewards strategy is these three moves. The whole game is making each one deliberately instead of by default.
- i.
Earn
Points arrive from card spending, welcome offers, flights and stays. The card decides the rate: the same grocery run earns once or several times over depending on what is in your wallet.
Spend → points - ii.
Transfer
A transferable bank currency can move to an airline or hotel programme at that partner's published ratio. This is where the flexibility lives — you choose the partner after you know the trip, not before.
Points → partner - iii.
Redeem
The same point buys wildly different amounts depending on what you spend it on. Nothing about the balance tells you its worth; only the booking in front of you does.
Points → booking
What a point is actually worth
A point has no price of its own. It has a rate, and the rate is set by the single booking in front of you — which is why the whole method fits in one division. Run it on the two options you are choosing between; the larger figure is the better use of the points.
The card ledger is where this site’s recorded numbers live. The tools page collects the calculators — each one says so when the figures it needs are not on file.
cash price of the booking
÷points it costs
=value of one point
Which points move where
| From | To | Ratio | Minimum | Clears in |
|---|---|---|---|---|
| American Express Membership Rewards (Australia) | AccorHotelALL - Accor Live Limitless | 2,500 : 500 | 2,500 | Up to 48 hours |
| American Express Membership Rewards (Australia) | Air New ZealandAirlineAirpoints | 2,000 : 10 | 2,000 | Up to 36 hours |
| American Express Membership Rewards (Australia) | British AirwaysAirlineThe British Airways Club (Avios) | 3,000 : 1,000 | 3,000 | Up to 24 hours |
| American Express Membership Rewards (Australia) | Cathay PacificAirlineAsia Miles | 7,500 : 2,500 | 7,500 | Up to 24 hours |
| American Express Membership Rewards (Australia) | EmiratesAirlineEmirates Skywards | 4,000 : 1,000 | 4,000 | Up to 24 hours |
| American Express Membership Rewards (Australia) | HiltonHotelHilton Honors | 2,000 : 1,000 | 2,000 | Up to 24 hours |
| American Express Membership Rewards (Australia) | Malaysia AirlinesAirlineEnrich | 1,500 : 500 | 1,500 | Up to 2 business days |
| American Express Membership Rewards (Australia) | MarriottHotelMarriott Bonvoy | 600 : 400 | 600 | Up to 24 hours |
| American Express Membership Rewards (Australia) | Qatar AirwaysAirlinePrivilege Club (Avios) | 750 : 250 | 750 | Up to 24 hours |
| American Express Membership Rewards (Australia) | Singapore AirlinesAirlineKrisFlyer | 7,500 : 2,500 | 7,500 | Up to 24 hours |
| American Express Membership Rewards (Australia) | Virgin AtlanticAirlineFlying Club | 3,000 : 1,000 | 3,000 | Up to 24 hours |
| American Express Membership Rewards (Australia) | WoolworthsOtherEveryday Rewards | 500 : 400 | 500 | Up to 7 business days |
| CommBank Awards | QantasAirlineQantas Frequent Flyer | 2.5 : 1 | not on record | Automatic (Qantas Frequent Flyer Direct opt-in) |