I normally get about $300 - $500 value of flight by booking flight around long weekend. So it is a shame that they change it to travel credit instead. But I understand that it is difficult to continue subsidising flights. Chances are the contract with VA is up for renewal and the numbers doesn't add up.
But it also makes sense that:
- to get free Virgin Australia flights, you need to get a Virgin Australia Platinum Amex card, and it earns Velocity points directly;
- to get free Qantas flights, you need to get a Qantas Ultimate Amex card, and it earns Qantas points directly;
- to get flexible Amex points that can be sent to various airlines, you need to get Edge/Essential/Explorer/Charge Card, and you get Amex travel credit with it.
Now I just hope that they don't change it for existing Platinum Edge cardholders.