Is Qantas frequent flyer a good value?

54% One Mile at a Time
29% 2PAXfly
17% Your Mileage May Vary

Overall, most sources suggest that Qantas Frequent Flyer is considered a poor‑value program for most members.

Why the program is seen as low‑value

  • High redemption costs – The scheme is described as “not a very good value program” because points are easy to earn but require a lot of points to redeem, resulting in a terrible value of about 0.5 cents per point One Mile at a Time .
  • Recent devaluations – Changes announced in 2025 increased award costs and made the program “even less interesting,” with premium cabin awards becoming especially expensive and overall competitiveness declining One Mile at a Time .
  • Price hikes – Classic Reward prices rose by 20 % in August 2025, pushing Qantas into the “least competitive” range compared with other airlines’ programs Your Mileage May Vary .

Areas where value can be found

  • Round‑the‑world awards – A 318,000‑point redemption can cover up to 35,000 miles with five stopovers, which some travelers consider a good value for a bucket‑list trip One Mile at a Time .
  • Classic Rewards vs. Points Plus Pay – When used for Classic Rewards (the best‑value redemption option), points can still offer decent value, whereas Points Plus Pay is regarded as the worst option 2PAXfly .

Member sentiment

  • Frequent flyers have expressed frustration, demanding more Classic Reward seats and criticizing the “Classic Plus” offering as insufficient 2PAXfly .
  • The program’s profitability (AU$1.27 billion revenue, AU$270 million earnings) is highlighted, but members feel the focus is on revenue rather than delivering value 2PAXfly .

Bottom line: While niche redemptions like round‑the‑world trips can provide decent value, the general consensus across the sources is that Qantas Frequent Flyer offers poor value for most members, especially after recent award‑price increases and devaluations.

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