What to do with 350,000 points?

[texter]

My mortgage bonus has arrived to my account. What is the best use / best conversion rate? I have no plans to add to the balance and will close the acct once the points are used up.

Mrs Texter suggests cashing the points in for Coles/Woolworths card is the most practical.

Suggestions?

 

[craven morehead]

What type of points ? QFF , Velocity something else maybe

 

[JessicaTam]

You can transfer them to either Velocity (VF) or Asia Miles (CX). Much better value than an $1800 gift card if you would like to travel.

There is a bit of a summary here: Guide to NAB Rewards credit card points program - Point Hacks Review

 

[Colin 2905]

If you decide to transfer them to Velocity, but aren't in a hurry, you could wait until the next bonus offer. Based on past bonus offers, my guess is May for another 15% bonus, which would give you an extra 26,250 Velocity points.

 

[texter]

You can transfer them to either Velocity (VF) or Asia Miles (CX). Much better value than an $1800 gift card if you would like to travel.

There is a bit of a summary here: Guide to NAB Rewards credit card points program - Point Hacks Review

I think I only have around 10k velocity points to begin with so the 350k NAB points would get me an extra 175k Velocity points, right?
Assuming I would only redeem for travel, would it buy me $1800 worth of travel?

 

[JessicaTam]

Whilst I am not a VA expert, I think it will get you to Asia return in J. And very close to SYD-LAX J return.

See here: https://www.velocityfrequentflyer.com/content/Redeem/Airlines/PointsTables/

 

[TomVexille]

Or one way in F to Europe.

I'd certainly redeem for travel worth >$1800

 

[Rpkoz1]

Transfer to Velocity. I believe there is still a bonus points promo at the moment.
Then use for Virgin travel or transfer to KrisFlyer for Singapore/Star Alliance travel
MUCH better value than the gift cards in my opinion

 

[texter]

Just to feedback, we have nearly finished using our lot of gift vouchers. Given I don't usually collect Velocity points and the balance is not enough for two tickets overseas in J, it would have been difficult to convince SWMBO.

 

[JessicaTam]

Just to feedback, we have nearly finished using our lot of gift vouchers. Given I don't usually collect Velocity points and the balance is not enough for two tickets overseas in J, it would have been difficult to convince SWMBO.

But is the balance enough for one ticket?

 

[mokuni]

175K VFF, would have been enough (for us in Perth anyway), 2x J to Hong Kong/Taiwan on Singapore airlines.

Ah well, each to their own I guess.