earn and burn

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  • Mortgage Points: How Refinancing Can Net 300,000+ Qantas Points

    Your mortgage is almost certainly the single largest financial commitment you have. It is also the single largest points-earning opportunity available in Australia—if you understand the math.

    The 100,000 Points Per Year Proposition

    Lenders such as Qantas Money Home Loans offer up to 100,000 Qantas Points each year for the life of the loan on eligible balances, alongside initial settlement bonuses that can exceed 200,000 to 300,000 points.

    The Critical Calculation: Rate vs Points

    Never take a higher interest rate solely for the sake of points. Here is the golden rule:

    • Value Qantas Points conservatively at 1.2 to 1.5 cents each for business/first redemptions.
    • A 100,000 point annual bonus has an effective value of roughly $1,200 to $1,500.
    • On an $800,000 loan, a 20 basis point (0.20%) difference in interest rate costs you $1,600 per year in interest.

    If the lender’s comparison rate is competitive with the broader market (within 5–10 basis points of top-tier non-points offers), the points bonus is pure arbitrage. If their rate is 30+ basis points higher, the “free flights” are actually costing you money.

  • How We Paid Just $4k for an Emirates First Class Suite (and the Exact Math Behind It)

    When Australians think of frequent flyer points, they often think of saving up for years just to shave a few hundred dollars off an economy flight to London or Bali. In financial terms, this is the worst possible return on your points.

    The Mathematics of First Class

    A one-way rack-rate ticket in an Emirates A380 First Class private suite from Sydney to Dubai routinely retails for upwards of $15,000 to $20,000 AUD. By booking via Emirates Skywards or Qantas Classic Flight Rewards at the right redemption sweet spots, the same seat can be secured for points plus carrier charges (around $1,800 to $2,000 per person).

    When you account for the acquisition cost of the points through everyday spend and financial products, the true out-of-pocket cost was roughly $4,000 total for an experience that would otherwise require five figures of after-tax cash.

    The Onboard Experience: Is It Worth the Fuel Surcharges?

    Private enclosed suites, Dom Pérignon vintage champagne, caviar service with traditional garnishes, and the legendary onboard shower spa at 40,000 feet. But beyond the novelty, the primary advantage is arriving completely rested with zero jetlag.

    “If you are going to burn points, burn them where the cash price would be unthinkable.”