Hving switched my buying to Coles this week, in absence of any WOW Qantas bonus offers, have accumulated 1177 FlyBuys for a $57 spend -2 stacked 500 points offers, 3 points per dollar bonus for Telstra $40 recharge, and 57 for actual spend. So approx 470 Etihad miles. Will get 1500 FlyBuys for next 2 weeks for $50 spends also. I can see how this could work very well if bonuses continue, offsetting the poor conversion rate of 1 : 0.4. The Etihad points expiry is a concern, but I suppose I can warehouse FB points and transfer as needed.
Upgrades seem to be best bet as opposed to flight purchases with pints, from what I can see.
Syd to LHR - about 192,000 points business one-way. Seems steep compared to 125,000 for Velocity.
But upgrading business to first for same is about 96,000.
Is that correct?