Monetary Value of Points - Travel Insurance

4 Discussions

lancer

Member since 06 Feb 2018

Total posts 5

Hi all,

Looking for advice on how to obtain a breakdown of points in AU$.

Recently (May 2019) had to cancel a hotel booking via Qantas Hotels and a flight with Virgin all booked on points, which my travel insurance provider will cover as part of my claim, dependent on a monetary value of the points or loss of points from Qantas and Virgin.

Ive spent a lot of time on phone calls and emails with Qantas and Virgin and i've had responses such as: "We cant provide it and attach a monetary value to it", to "We can provide it but our tax invoice team on shore will provide in 5 days via email". (That last one was promised multiple times weeks ago). To this date I havent received any breakdown - just a nervous breakdown!

In short, will this monetary conversion be forthcoming and is there any recourse I have if it isnt?

Thanks in advance.

patrickk

Qantas

Member since 19 Apr 2012

Total posts 345

I suspect they will not give it out as the points in some sense are a currency in and of itself, which I doubt Insurance companies will recognise. Only qantas knows the exact value of the points for that booking and that will depend on who they sold them to.

coastflyer

Qantas - Qantas Frequent Flyer

Member since 20 Jul 2019

Total posts 6

No chance whatsoever

Blake

Member since 03 May 2017

Total posts 39

Several Insurers quote what monetary value they place on cancelled redemption bookings. I have also read an anecdote from one claimant, who submitted that it would cost him $X to buy the FF poiints from the airline, and the insurer paid out.

TooMuchTravel

Etihad - Etihad Guest

Member since 22 Jul 2019

Total posts 2

Here you go:

Qantas reserves the right to change how much top-up points cost, and pricing is not publicly listed on the Qantas Frequent Flyer website. So we've done the hard work and compiled a complete list of the current points prices below.

Pricing for points (GST inclusive)
PointsPricePointsPrice
1,000AUD$4928,000AUD$756
2,000AUD$7829,000AUD$780
3,000AUD$11330,000AUD$804
4,000AUD$14835,000AUD$915
5,000AUD$18340,000AUD$1019
6,000AUD$21545,000AUD$1118
7,000AUD$24550,000AUD$1212
8,000AUD$27555,000AUD$1320
9,000AUD$30560,000AUD$1425
10,000AUD$33565,000AUD$1543
11,000AUD$36070,000AUD$1661
12,000AUD$38875,000AUD$1779
13,000AUD$41380,000AUD$1897
14,000AUD$43885,000AUD$2015
15,000AUD$46090,000AUD$2133
16,000AUD$48095,000AUD$2251
17,000AUD$503100,000AUD$2369
18,000AUD$520105,000AUD$2487
19,000AUD$540110,000AUD$2605
20,000AUD$558115,000AUD$2723
21,000AUD$584120,000AUD$2841
22,000AUD$609125,000AUD$2959
23,000AUD$634130,000AUD$3077
24,000AUD$659135,000AUD$3195
25,000AUD$684140,000AUD$3313
26,000AUD$708145,000AUD$3431
27,000AUD$732150,000AUD$3549

Use these values for insurance purposes

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