The question is simple: Why is there such an importance placed on status credits by so many members?
SC earn, tier Status and WP is everything. It underlines everything:
Frequent Flyer - About the Program - Platinum Benefits
Some of the WP benefits I have enjoyed:
1) Priority check-in.
2) Best seating / Exit row seating.
3) Best JASA (J / (Business) Any Seat Awards) seats at the lowest points cost.
4) Arrivals and departure domestic J lounge access.
5) F Lounge international departure access.
6) Increased luggage allowance.
7) Priority baggage handling.
8) One ring Platinum help desk.
9) Guaranteed Economy seat on ANY flight.
10) F or min J priority check-in / security transit at every domestic and almost every international terminal.
12) 100% WP points earn bonus.
13) Increased guest access to domestic J lounges.
14) Partner QF Gold status with 2,400 SCs.
15) Loyalty bonuses of 8,000 points for every 500 SC earned.
16) Min 1,000 points per flight number.
17) One World, international, Emerald (highest tier) Status.
18) Occasional QF free upgrades to Y+ (Premium Economy) or J (Business) on both domestic and international long hauls.
Plus I'm sure some benefits I have missed. Qantas Platinum is the place to be if you fly a lot.
Earning 1,200 QF SCs is the goal while spending the less amount of money. JASA, for me, can leverage my real dollar spend by an additional 50%. So I spend on QF and OW (One World) flights enough to earn say 800 SC and then use the earned points from those flights to earn another 400 SC from JASA flights to retain QF Platinum and all the benefits that brings.