I have booked several tickets using mastercard, for the 1000 points, but haven’t had any of them come through yet. It’s now one and three weeks respectively since travel.
Admittedly I didn’t read the T&C too closely. So i don’t know if i met the conditions, or even when they said the bonus points would come.
MEL-SYD, and I presume SYD-BNE as well, the lowest economy award seems to be 7400 points.
Rex’s lowest business class is actually more expensive than VA by nearly 2500 points. But that’s for booking within 24 hours. If you need to book in advance, rex’s business awards are double the price of qantas, and more than double the price of VA!
The beauty of rex is that planes aren’t full, so you’ll get a last minute reward. But otherwise They are quite expensive!