NAB Qantas Signature 115k QF points for $395 AF - Pointhacks exclusive

[RoMambai]

Fair enough. Value is relative and from my perspective, this NAB deal is one of the best out there and on par with the ANZ deal.

It's you who say you have no idea about churning.

 

[BettyB]

NAB deal is ... on par with the ANZ deal.

Too funny!

I can't wait for my 12 month exclusion to be up so I can get back for some more free points

I'd advise differently. The rules of the game are changing all of the time. The number of offers and value of points on offer 4 or 5 years ago was a lot more than it is now. Who knows what will happen in 12 months time? If history is any judge you would not expect the offers/value of the offers to dramatically increase. Apply for every card that you can. Make hay whilst the sun shines I say. Stock pile your points now for a rainy day. All too often opportunities close rather than open. [Apologies for the over use of proverbs but they do in this instance demonstrate that you need to act now.]

great advice!​

 

[Pegasus]

Well i’m certainly no authority on churning , so appreciate all thoughts . Currently have my altitude card that have had for about 20 years & also an amex explorer that i picked up in 2016 ( with referals received 140k points on that ) . I’m guessing i should flick that one soon . How many cards is too many to apply for @ one time ?

 

[rock86]

Well i’m certainly no authority on churning , so appreciate all thoughts . Currently have my altitude card that have had for about 20 years & also an amex explorer that i picked up in 2016 ( with referals received 140k points on that ) . I’m guessing i should flick that one soon . How many cards is too many to apply for @ one time ?

It's way too hard to say as it depends on all individual circumstances and also what institutions you're applying to, as they'll all have slightly different criteria in approving credit.

 

[RoMambai]

But if it was me I'd be taking all of these offers and effectively averaging the cost of the points.

I agree with this. The NAB offer is a good one because when you crunch the numbers it delivers.

The black market price is 1.3 cents per point (puritans can crow but it is what it is and these transactions are happening almost hourly - seemingly with impunity).

Accordingly 115,000 x 1.3c = $1495 - $395 fee = $1,100. For many people, grappling with double drop offs and school fees this offer represents instant cash relief and that's why it's popular on sites like ozbargain.

For the ANZ card on the other hand, the same battler would recieve 75,000 x 1.3 = $975 which makes it less profitable than NAB. And hence my claim that the NAB is the best offer at the moment.

Now many on this forum would have different motivations than ozbargainers (as indeed I do) but that doesn't change the monetary value of a QF point on the market at the present time. Any other valuation for points are too subjective and too variable to be used as a sound basis.

To go back to Dr Ralph's views (and I apologise for the long winded response), folk should apply for everything they can see value in.

 

[llamaesque]

Keen to hear from anyone who has received their points. Hit the spend requirement a few days ago.

 

[Dr Ralph]

but it is what it is and these transactions are happening almost hourly - seemingly with impunity).

This is not correct and I would caution anyone against thinking about breaching the terms of these offers and selling or buying points. The consequences when caught will be catastrophic. You should note that it is also against AFF's members terms to promote this type of behaviour.

 

[rock86]

This is not correct and I would caution anyone against thinking about breaching the terms of these offers and selling their points. The consequences when caught will be catastrophic. You should note that it is also against AFF's members terms to promote this type of behaviour.

Dr, he isn't promoting it, but rather explaining that it is happening.

I Agreed the consequences would be catastrophic, but on the surface it would seem QF don't have the systems at present (surprise surprise) to be catching these members violating the T&C's, which will have an adverse effect on the program for us all in the end.

 

[Dr Ralph]

but on the surface it would seem QF don't have the systems at present (surprise surprise) to be catching these members violating the T&C's,

This is not correct in my experience. Lots more people are being caught and having their accounts terminated than you think.

It's not appropriate that I comment more due to professional privilege, but I have in the last 12 months in my capacity as a contract lawyer, been involved in providing advice on and representations in this field.

Dr, he isn't promoting it, but rather explaining that it is happening.

You mention the price that you can get and the place where you can buy or sell them then that is akin to promoting. It's no different to me saying that Coke is on sale at Woolworths this week for $1.53 for a 1.25lt bottle. Clearly I am making people aware of the opportunity to buy at a certain price. That is the very definition of promotion and should be characterised as such. If the OP had just said people are selling their points then this is a different situation. But the OP not only told you where you can sell or buy points but how much you should expect for them. That is promotion.

 

[rock86]

This is not correct in my experience. Lots more people are being caught and having their accounts terminated than you think.

That is good to hear.

 

[RoMambai]

This is a forum where many topics on the subject of travelling are raised and discussed. It is in this context that I have referred to acts that are occuring on other related forums. I disagree strongly with the characterisation that I am promoting the sale of QF points.

 

[kamchatsky]

Just a question, has anyone be able to get their annual fee refunded pro rata when they cancelled this card? This will determine whether I will apply this card.

 

[rock86]

Just a question, has anyone be able to get their annual fee refunded pro rata when they cancelled this card? This will determine whether I will apply this card.

I haven't heard this happening from people on this forum, or others I follow and do not see why NAB would pro-rata the annual fee (especially after giving the cardholder 115,000 QFF points). They're not obliged to, plus they need to try and recoup costs of the points in some way or another.

Definitely no harm in asking, but I very very highly doubt they would even entertain it.

 

[Dr Ralph]

Just a question, has anyone be able to get their annual fee refunded pro rata when they cancelled this card? This will determine whether I will apply this card.

This has occurred in the past with NAB and there have been several reports of it on AFF. But I haven't seen it reported recently and the situation may have changed given NAB's move to tighten things up with the introduction of the 12 month exclusion period.

 

[kamchatsky]

My 115k bonus points posted to my QFF account less than 10 days after making the $5k spend. Amazing.

Did Nab charge you annual fee before that? I wonder what happens when you spend $5000 on first day, whether you will get the bonus points before AF is due, so that you can cancel the card before AF is due?

 

[rock86]

Did Nab charge you annual fee before that? I wonder what happens when you spend $5000 on first day, whether you will get the bonus points before AF is due, so that you can cancel the card before AF is due?

Annual fee is charged with the first statement and the bonus points also transfer across with the first statement points also (that has been pretty much standard from this forum and others).

NAB seems to have their system pretty down pat.

 

[Beasley]

I’ve been interested in the various discussions related to the value of a QFF point.

I am an avid collector of points to allow my wife and I to travel in business class for international travel. Therefore I use the following method to calculate my points value.

· Average price of return business class fare Sydney to London = $8,000.
· Number of QFF points for return business class fare Sydney to London = 280,000.
· Surcharge fees for frequent flyer booking = $1310.

The sum:
$8000 - $1310 = $6690
$6690 ÷ 280,000 points = 0.0239 cents

So, when I consider the value of new credit card to churn for bonus points, I use my points multiplier of .0239 points. For example, the 115,000 bonus points with the current NAB card is returning a value of (115,000 x 0.0239) $2748. When the $395 fee is subtracted, it is still a pretty handy $2353.

I appreciate there are times when business class fares are on sale but they aren’t easy to get, especially during the summer months.

Can you see any holes in my method?

 

[sjk]

I’ve been interested in the various discussions related to the value of a QFF point.

I am an avid collector of points to allow my wife and I to travel in business class for international travel. Therefore I use the following method to calculate my points value.

· Average price of return business class fare Sydney to London = $8,000.
· Number of QFF points for return business class fare Sydney to London = 280,000.
· Surcharge fees for frequent flyer booking = $1310.

The sum:
$8000 - $1310 = $6690
$6690 ÷ 280,000 points = 0.0239 cents

So, when I consider the value of new credit card to churn for bonus points, I use my points multiplier of .0239 points. For example, the 115,000 bonus points with the current NAB card is returning a value of (115,000 x 0.0239) $2748. When the $395 fee is subtracted, it is still a pretty handy $2353.

I appreciate there are times when business class fares are on sale but they aren’t easy to get, especially during the summer months.

Can you see any holes in my method?

You'd also need to factor in the opportunity cost of the points you would have earned on a revenue fare.

It's a valid approach if you would actually be prepared to pay $8,000.

 

[GSP]

I’ve been interested in the various discussions related to the value of a QFF point.

I am an avid collector of points to allow my wife and I to travel in business class for international travel. Therefore I use the following method to calculate my points value.

· Average price of return business class fare Sydney to London = $8,000.
· Number of QFF points for return business class fare Sydney to London = 280,000.
· Surcharge fees for frequent flyer booking = $1310.

The sum:
$8000 - $1310 = $6690
$6690 ÷ 280,000 points = 0.0239 cents

So, when I consider the value of new credit card to churn for bonus points, I use my points multiplier of .0239 points. For example, the 115,000 bonus points with the current NAB card is returning a value of (115,000 x 0.0239) $2748. When the $395 fee is subtracted, it is still a pretty handy $2353.

I appreciate there are times when business class fares are on sale but they aren’t easy to get, especially during the summer months.

Can you see any holes in my method?

Not a hole as such but your calculations in bold are labelled incorrect. You state 0.0239 cents, I believe that should be dollars or if using cents 2.39 cents.

The other obvious point that has been well discussed is the value is different to each other. I wouldn't contemplate spending $8000 of my dime on a flight. The $1310 taxes plus the points represents a fair cost still. i.e Say you wanted the lowest common denominator with a tangible value - gift cards, where 20000 points equals roughly $100, so 280k points = $1400, so therefore you're paying $2700 for the biz flight . Naturally other redemption types will yield differing (higher) results.

 

[RoMambai]

Beasley - your calculus is one that many folk use and it seems as valid as the many others out there. But it only holds true to that particular route and date and class of travel. It therefore can't be used as a baseline valuation which is the more difficult question to answer.

By way of example at the moment there is a QF sale from SYD - DAR for $189 in Y which under the same methodology you use would value a QF point at less than 1 cpp ($189 - $33 taxes/ 18,000 QF points). At the other extreme, I've heard of pundits claiming as high as 10 cpp on some First class routes at peak times. I suppose what all this highlights is the limitation of using a simple cost over number of points analysis.

Until someone can point me to a methodology for valuing a QF point that holds true across the broad sweep of time and space, I'll continue to use the ozbargain valuation as an indication of the market price of a point, notwithstanding it not being a perfect market.