What Are Your Points Worth? Flybuys, Everyday Rewards, Qantas & Velocity

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Work out your balance

Program Flybuys Everyday Rewards Qantas Velocity

Flybuys points

Convert to Velocity, fly businessBest value

2:1 into Velocity, then a business reward seat. Best value, hardest to find.

$100–$2001c–2c/pt

Convert to Velocity, fly economy

2:1 into Velocity, then a Virgin Australia economy reward seat.

$50–$1000.5c–1c/pt

Money off at checkoutEasiest

Coles ($10 to $100 off), Bunnings, Kmart, Target, Officeworks, Liquorland and more. 2,000 points = $10.

$500.5c/pt

Flybuys gift cards

10,000 points = a $50 Coles, Bunnings, Kmart or Target gift card. Same rate as money off.

$500.5c/pt

Rewards Store products

Homewares, tech and appliances. Price the item elsewhere first: most come in under the money-off rate.

$30–$500.3c–0.5c/pt

Convert to Velocity, buy gift cards

2:1 into Velocity, then the Velocity store. Worth about half the $10 off.

$25–$280.25c–0.28c/pt

Quick answers

Common balances, in dollars

The highlighted column is the easy option. Ranges are there on purpose: only money off and gift cards have a fixed rate, so everything else is a range by what you redeem on.

What are Flybuys points worth?

Anywhere from 0.25c–2c a point, depending on what you redeem them on. These are the three most common ways.

Points	Money off	Rewards Store	Velocity, economy
1,000	$5	$3–$5	$5–$10
2,000	$10	$6–$10	$10–$20
5,000	$25	$15–$25	$25–$50
10,000	$50	$30–$50	$50–$100
20,000	$100	$60–$100	$100–$200
50,000	$250	$150–$250	$250–$500
100,000	$500	$300–$500	$500–$1,000

What are Everyday Rewards points worth?

Anywhere from 0.2c–3.5c a point, depending on what you redeem them on. These are the three most common ways.

Points	Money off	Qantas, economy	Qantas, gift cards
1,000	$5	$5–$10	$2–$2.50
2,000	$10	$10–$20	$4–$5
5,000	$25	$25–$50	$10–$12.50
10,000	$50	$50–$100	$20–$25
20,000	$100	$100–$200	$40–$50
50,000	$250	$250–$500	$100–$125
100,000	$500	$500–$1,000	$200–$250

What are Qantas Points worth?

Anywhere from 0.4c–7c a point, depending on what you redeem them on. These are the three most common ways.

Points	Gift cards	Economy flights	Business class
1,000	$4–$5	$10–$20	$30–$70
2,000	$8–$10	$20–$40	$60–$140
5,000	$20–$25	$50–$100	$150–$350
10,000	$40–$50	$100–$200	$300–$700
20,000	$80–$100	$200–$400	$600–$1,400
50,000	$200–$250	$500–$1,000	$1,500–$3,500
100,000	$400–$500	$1,000–$2,000	$3,000–$7,000

What are Velocity Points worth?

Anywhere from 0.5c–4c a point, depending on what you redeem them on. These are the three most common ways.

Points	Gift cards	Economy flights	Business class
1,000	$5–$5.60	$10–$20	$20–$40
2,000	$10–$11.20	$20–$40	$40–$80
5,000	$25–$28	$50–$100	$100–$200
10,000	$50–$56	$100–$200	$200–$400
20,000	$100–$112	$200–$400	$400–$800
50,000	$250–$280	$500–$1,000	$1,000–$2,000
100,000	$500–$560	$1,000–$2,000	$2,000–$4,000

Converting

Should you convert to an airline?

The break-even is 1c

Flybuys and Everyday Rewards both convert 2:1. Give up $10 off, get 1,000 airline points — so converting only wins if you'll get more than 1c out of each Velocity or Qantas Point.

Flights clear it

Economy reward seats typically return 1–2c a point, business far more. If you'll actually fly with them, converting is worth up to double the $10 off — more in a premium cabin.

Gift cards don't

Airline gift cards and stores return about 0.5c a point. Convert just to buy a gift card and you've halved what your points were worth. Take the $10 off instead.

It's one-way

Neither transfer can be reversed. If you're not sure you'll fly, leave the points where they are — you can always convert later, but you can't convert back.

FAQ

Points value questions

What are 2,000 Flybuys points worth?

It depends what you redeem them on. As money off at checkout or a Flybuys gift card, $10. On Rewards Store products, usually less — around $6–$10 of goods. Converted to Velocity and spent on an economy flight, $10–$20; on Velocity gift cards, only $5–$5.60.

What are 10,000 Flybuys points worth?

$50 off your shop or as a gift card, $30–$50 in Rewards Store products, or $50–$100 on economy flights once converted to Velocity.

How much are 2,000 Everyday Rewards points worth?

$10 off your shop now, or $10 banked for Christmas. Or 1,000 Qantas Points, which are worth $4–$5 as Qantas gift cards or $10–$20 on an economy flight — so the same 2,000 points can be worth half the $10 or double it.

How much is a Qantas Point worth?

Between 0.4c–0.5c and 3c–7c, depending on how you redeem. Gift cards and the Rewards Store return about 0.4c–0.5c; economy Classic Reward flights about 1c–2c; premium economy and business 3c–7c. So 10,000 Qantas Points is $40–$50 in gift cards or $100–$200 on economy flights.

How much is a Velocity Point worth?

About 0.5c–0.56c as gift cards (a $100 card costs 18,000 to 19,500 points), 1c–2c on economy reward seats and 2c–4c in business. 100,000 Velocity Points is $500–$560 in gift cards or $1,000–$2,000 on economy flights.

Should I convert Flybuys to Velocity?

Only if you'll spend the Velocity Points on flights. The transfer is 2:1, so converting beats the $10 off only when you get more than 1c per Velocity Point. Economy reward seats usually clear that; gift cards (about 0.5c) never do — converting to buy gift cards halves your points' value. Transfers can't be reversed.

Should I convert Everyday Rewards to Qantas?

Same maths as Flybuys: 2,000 points is either $10 off or 1,000 Qantas Points, so Qantas only wins if you'll get more than 1c per Qantas Point. Fly with them and it usually does; spend them on gift cards and you'd have been better taking the $10.

Is Flybuys or Everyday Rewards better?

At the checkout they're identical: both are $10 per 2,000 points (0.5c each), and both convert 2:1 to an airline program. The difference is where you earn — Coles group and partners for Flybuys, Woolworths group and partners for Everyday Rewards — and whether you'd rather fly Virgin (Velocity) or Qantas.

Where these numbers come from. Only some redemptions have a published rate: Flybuys and Everyday Rewards money off, Flybuys gift cards and Bank for Christmas are all 2,000 points = $10. Both airline transfers are 2:1, per each program's own help pages. Everything else — Flybuys Rewards Store products, and anything spent through Qantas or Velocity — has no fixed rate, so those ranges come from independent 2026 valuations. What you actually get depends on the item or seat you pick, and programs can change their pricing at any time. Rates checked 9 October 2026.

Earn more of them in the first place

PointFarm puts every bonus-points offer for Flybuys, Everyday Rewards, Qantas, Velocity and Amex in one feed, and shows what each servo near you earns at the pump. Free, no account needed to browse.

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