The continually increasing carrier charges are actually very painful and significant in eroding the value of frequent flyer miles. The 10 - 20% increasing in points for most redemptions is probably fair given how long it had been and with inflation, but some of the increases for reward on Qantas metal are obscene (not that is is only Qantas doing this!).
I can fully understand carriers increasing the required co-payment when someone redeems a flight through a different program (ie. Using Velocity Points to redeem a Singapore Airlines flight) to help preserve the benefit for their own members. But when Qantas is looking to charge $1,301 in charges for a J return MEL - DFW that is really starting to get crazy.
I know Qantas isn't alone in this, we've seen Qatar add in a redemption charge, we've seen Velocity yesterday increase the co-payment required for partner redemptions (which can be up to $1,800 return in J to Europe). Emirates of course has their ridiculously high surcharge.
I really want to understand the valid rationale of increasing these charges so much (outside of profit). Of course points devaluations are painful but if people are being forced to pay the equivalent of an economy fare to even start using their points that becomes a very very significant devaluation in terms of $/point for redemptions. From the 6th of August does it really suddenly cost Qantas so much more to provide service to someone making J reward booking to Dallas?
Admittedly, this is mainly hypothetical because the ability to get a J reward booking anywhere worthwhile internationally on Qantas is becoming incredibly difficult.