How Much Are 120,000 Qantas Points Worth In Dollars? [Calculator]

If you're collecting Qantas points, you've probably wondered at some point - how much are these points actually worth in dollars?

Well, the answer to that question really depends on how you spend them. Some uses of points are more 'rewarding' than others.

Use the calculator below to work out how much your points might be worth.

Points balance

Use	Rate cents per point	Value
Domestic Economy	1 - 2	$1,200 - $2,400
Domestic Business	4 - 7	$4,800 - $8,400
International Economy	1.7 - 3.4	$2,040 - $4,080
International Premium Economy	3.5 - 4.5	$4,200 - $5,400
International Business	5 - 10	$6,000 - $12,000
International First Class	7 - 10	$8,400 - $12,000
Classic Plus Fares	1	$1,200
Points Plus Pay	0.6	$720
Qantas Marketplace	0.6	$720
Hotels	0.8 - 1	$960 - $1,200
Rental Cars	0.65	$780
Wine	0.5 - 1.5	$600 - $1,800

Breakdown By Use

Looking for reward seats? Try our free Qantas reward seat finder!

REWARD SEAT FINDER

Domestic Classic Reward Flights

Classic reward flights within Australia are a decent use of your points, netting you 1 to 2 cents per point of value for economy flights and 4 to 7 cents per point of value for business flights.

When spent on domestic economy flights, 120,000 points are worth $1,200 to $2,400.

When spent on domestic business flights, 120,000 points are worth $4,800 to $8,400.

International Classic Reward Flights

International classic reward flights outside Australia are one of the best uses of your points, giving you the following value, depending on the cabin class you book:

1.7 to 3.4 cents per point for economy flights.
3.5 to 4.5 cents per point for premium economy flights.
5 to 10 cents per point for business flights.
7 to 10 cents per point for first class flights.

Based on your points balance of 120,000, here's how much value you could potentially redeem:

Economy: $2,040 to $4,080
Premium Economy: $4,200 to $5,400
Business: $6,000 to $12,000
First Class: $8,400 to $12,000

Want to see where in the world your points could take you?

WHERE CAN I GO?

Classic Plus Fares

Classic Plus fares were introduced by Qantas in 2024. The points cost for these fares is not based on distance (as it is with Classic Reward fares), but on the cash price for the same fare.

These fares have a fixed rate of 1 cent per point - ie. a $1,000 flight will cost 100,000 points. They are generally considered a poor use of points.

120,000 points will net you $1,200 worth of value.

Points Plus Pay

Points Plus Pay has been around for longer than Classic Plus, but is based on a similar concept. You can use your points to lower the cash price of any flight, but at a poor redemption rate of about 0.6 cents per point.

Expect to get $720 of value for a balance of 120,000 points.

Qantas Marketplace

Qantas Marketplace is where you can purchase a variety of household and consumer goods using your Qantas points. The redemption rate is around 0.6 cents per point.

A balance of 120,000 points will be worth about $720 here.

Hotels

With Qantas Hotels you can book hotel and other accommodation stays using your Qantas points. The redemption rate is around 0.8 to 1 cents per point.

A balance of 120,000 points will be worth about $960 to $1,200 here.

Rental Cars

In a similar vein, Qantas Rental Cars let's you book rental vehicles with your Qantas points. The redemption rate is approximately 0.65 cents per point.

Your balance of 120,000 points will be get you about $780 worth of value here.

Wine

While wine is often a popular option for those looking to earn points, you can also spend your points on wine purchases. The redemption rate is approximately 0.5 to 1.5 cents per point.

Your balance of 120,000 points will be get you about $600 to $1,800 worth of wine.