Article: If You Have a Huge Points Balance, You Might Be Doing It Wrong

[DejaBrew]

This article sounds a little like a Qantas spin to reduce their balance sheet liabilities....?

That's a rather cynical perspective when the article clearly references multiple airline and hotel programs. I think the message being conveyed is simply to not blindly collect and hoard points and instead to consciously think about what you are trying to do with them and how to maximise the benefits to your personal circumstances.

 

[p--and--t]

This article sounds a little like a Qantas spin to reduce their balance sheet liabilities....?

Sounds like you didn’t read the article. Or maybe an axe to grind?

 

[andye]

Sounds like you didn’t read the article. Or maybe an axe to grind?

Difficult to work out the intent of a poster but I took it as a light-heartedly mischievous comment

 

[DejaBrew]

Difficult to work out the intent of a poster but I took it as a light-heartedly mischievous comment

Noting other comments by the same poster in other threads, I would respectfully disagree with your perspective.

 

[CaptJCool]

When I had barely $20,000 to spend pa (4 children does and a non-working partner) it was hardly worth the chase. Prior to that time, It took 15-20 years to accumulate sufficient Ansett points to obtain two Y tics to Europe !
And now with the lousy 0.5 points earn per $ spend, it would take longer again

However in the modern times, I could have a spare room full of wine (or a handy charity tax deduction having gifted the wine) or credit card churn and that way you can create Points Club membership (this is great for a partnered couple) and then achieve endless years of rinse and repeat of SG cause that’s pretty easy to do.
Should you need WP & overseas soirées to Europe or RTW that’s another whole box & dice and a second room full of wine cartons (280,000 points for $4,000 of wine if you “play your cards right” or 225,000 points for $3,999 if you Top-up and get Points Club membership).

Classic Flight Reward tables | Qantas Frequent Flyer

See how many Status Credits you’ll earn on Qantas marketed Classic Flight Rewards as a member of Points Club or Points Club Plus.

www.qantas.com

THE EARN part is somewhat easier to do than the COVID affected REDEEM. And the QR/QF squabble did not help
HOWEVER. With the resumption of EK ex Adelaide or SQ 10 flights out a week, more redemptions ought be expected

Either way it helps to have a bucket of money to spend upfront to get the ball rolling

 

[wannabeinvestmentbanker]

I treat my FF balance a little similar to my Super. I want to build and retain a decent balance as I may not be P1 for the next 34 years until retirement and it scares me that I’ll stop work funded travel without a decent balance.