At Points Advisor, we help Australians unlock the full value of their points to experience luxury travel around the world. One of the most often overlooked yet highly valuable benefits of frequent flyer redemptions is the customer-friendly cancellation policies offered by several frequent flyer programs.

In many cases, redemption bookings can be cancelled for a small fee, with points redeposited and taxes refunded. This creates a clear advantage over cash fares, where only the most expensive flexible tickets typically allow changes or cancellations without significant penalties.

Frequent flyer programs each handle flight cancellation requests in different ways, and the level of flexibility can vary significantly, when flexibility is a key requirement for a particular trip, selecting the right frequent flyer program is crucial and these are the areas to focus on:

• How close to departure you can cancel without penalty
• Whether cancellations can be made online or require contacting customer service. This is especially important when the flight cancellation deadline approaches and you don’t want to be sitting on hold.
• How much the cancellation penalty is, whether it’s charged in cash or points, and how long the refund takes to come through.

We’ve created a comprehensive ranking system that breaks popular Frequent Flyer Programs down into one of four categories:

Summary

Frequent Flyer Programs with Elite Cancellation Flexibility Policies

United MileagePlus

United has one of the most generous award cancellation policies in the industry, allowing travellers to cancel award tickets up until departure with no penalty. All miles are redeposited and taxes are refunded which includes any United on Star Alliance flights booked.

American AAdvantage

American Airlines AAdvantage has one of the more flexible award cancellation policies among major airlines, allowing members to cancel award tickets before departure with no redeposit fee. Miles are returned to your account and taxes are refunded regardless of whether you book a flight with American Airlines or redeem your points through one of its many partner airlines.

Atmos Rewards

Atmos Rewards is home to Alaska Airlines and Hawaiian Airlines both part of the oneworld alliance, allows free cancellation up to 24 hours before flight departure, with all points and taxes refunded.

The only caveat to keep in mind is that the partner airline booking fee is not refundable, which is a minimal US$12.50 per person, per direction of travel. This is this a generous cancellation policy offered by a frequent flyer program.

The most flexible and customer-friendly frequent flyer programs are not always the easiest for Australians to earn points in. However, it is still very possible to build balances strategically and take full advantage of what these programs offer.

Join our Points Mastery course and learn how to become a points expert, making your rewards work harder for your travel plans across Australia and beyond.

Frequent Flyer Programs with Highly Flexibility Cancellation Policies

Delta SkyMiles

Delta Air Lines SkyMiles programs comes very close to being considered “Elite” in our rankings however its cancellation policy is largely geared toward its North American customer base.

For award tickets originating in the United States and Canada and travelling to destinations worldwide, SkyMiles and taxes are fully refunded if you cancel before departure. For all other travel award ticket rules can vary with some bookings not being able to cancel or may incur a change fee. Such details will be shown at the time of booking.

Additionally, if you redeem SkyMiles for a Basic Experience fare, miles are not refunded in the event of cancellation only government taxes are returned.

Qatar Privilege Club

When it comes to using your Avios for redemption, Qatar Airways Privilege Club offers one of the more flexible and lower-cost award cancellation policies.

If you cancel more than 24 hours before departure, a cancellation fee of US$25 per person applies, with all Avios and taxes refunded. If you cancel between 3 and 24 hours before departure, the fee increases to US$100 per person, but your Avios and taxes are still returned.

For cancellations made within 3 hours of departure, all Avios are forfeited, and only government taxes are refunded. As an added benefit, travellers with Privilege Club status of Gold or higher have all cancellations fees waived.

Emirates Skyward

Emirates offers several redemption fare levels for each award flight, with the Flex Plus option being the most flexible. It carries a $0 cancellation fee, though it comes at a higher points cost which could be valuable if flexibility is a high priority for your trip.

Its Skywards program allows all other redemption options to be cancelled, with fees ranging from US$25 to US$75, which is broadly in line with industry standards.

Air Canada Aeroplan

One of the key strengths of the Air Canada Aeroplan program is its combination of flexibility and scale, allowing cancellations up to 2 hours before departure with a full refund of both points and taxes, while offering access to one of the largest airline partner networks of any frequent flyer program, with over 50 airlines worldwide.

Similar to Emirates, Aeroplan also allows you to book selected flights using more points under its Flexible Rewards level, which comes with zero cancellation fees. If you choose lower-priced reward options, cancellation fees can be relatively high, around CAD $150 if cancelled online or CAD $175 if cancelled over the phone.

Frequent Flyer Programs with Moderately Flexibility Cancellation Policies

Qantas Frequent Flyer

Cancellation fees for any flight redemption with Qantas is a very straightforward 6,000 Qantas Frequent Flyer points penalty per person when cancelling up to 24 hours before departure. Any remaining points and eligible taxes are then refunded back to your account, it’s known it can take some time for this to occur.

Velocity

Virgin Australia Velocity uses a two-tier cancellation structure for reward bookings and allows you to choose how you pay the cancellation penalty, either in points or cash.

For domestic flights, the cancellation fee is 4,500 Velocity Points or $35 AUD per booking. For international reward bookings, the fee is 7,500 Velocity Points or $60 AUD per booking.

Not all bookings can be cancelled online, and in some cases you’ll need to call to request cancellation, with all cancellations required at least 24 hours before departure. To Virgin’s credit, the cancellation fee remains the same whether you cancel online or over the phone.

Virgin Atlantic Flying Club

Virgin Atlantic allows redemption flights to be cancell more than 24 hours before departure and you’ll receive all of your Virgin Points back, along with taxes and carrier charges, minus a cancellation fee of £70 for flights originating in the UK, US$100 for flights originating in the US, or the local currency equivalent elsewhere.

Cancel within 24 hours of departure and things become far less flexible, your points and carrier charges are forfeited, with only taxes and government fees refunded.

British Airways – Executive Club

Booking redemption flights using Avios with British Airways allows cancellations up to 24 hours before departure. Cancellation fees vary depending on the currency used for carrier charges and taxes, with £35 per person per booking being a good reference point.

Bookings can be cancelled online, and if you hold Gold status or above with British Airways cancellation fees are waived which is a nice gesture.

Cathay Pacific – Asia Miles

Cathay Pacific Asia Miles sits at the higher end when it comes to redemption cancellation fees and is a less attractive option if flexibility is a key requirement for your trip. Asia Miles allows you to pay the cancellation penalty either as US$120 or 17,000 Asia Miles when cancelling online.

Frequent Flyer Programs with Poor Flexibility Cancellation Policies

Finnair Plus – Avios

Finnair allows redemption flights to be cancelled up to three hours before departure online, with a €50 per ticket, per person cancellation fee.

Their cancellation fee is broadly in line with industry standards; however, the main drawback of the Finnair Plus program is the inconsistency in refund processing. While Avios and taxes are sometimes refunded quickly, other times it can take several weeks. In addition, customer service can be slow and difficult to reach, with limited options to expedite refund requests.

Iberia Plus

Avios bookings with Iberia Plus program flying with Iberia, Iberia Express, or Iberia Regional Air Nostrum can be cancelled up to 24 hours before departure for a €25 cancellation fee per passenger, with Avios and eligible taxes refunded.

The main disadvantage comes with partner airline bookings made through Iberia, where cancellation rules can be significantly restrictive and, in some cases, Avios and taxes may not be refund even when requesting a cancellation. These conditions are only displayed during the booking process and can become especially complex when multiple airlines are combined on a single itinerary.

All Vueling Avios redemptions are strictly non-refundable. Overall, it’s worth considering more flexible programs such as Qatar Airways or British Airways when booking complex or multi-carrier itineraries, where cancellation policies are more customer-friendly.

Etihad Guest

Etihad Airways Etihad Guest program has one of the strictest cancellation policies among frequent flyer programs for redemption flights, making it less suitable for travellers who value flexibility.

If you cancel within 72 hours of departure, all Etihad Guest Miles and carrier charges are forfeited, although taxes are typically refunded.

Even when cancelling more than 72 hours in advance, refunds are not guaranteed and depend on the reward type booked. Value redemptions are non-cancellable with no miles returned, Comfort rewards usually incur a 25% miles penalty, while Deluxe rewards allow a full refund of miles. All cancellations must be made at least 72 hours before departure.

Air New Zealand – Koru

Using Airpoints for flight redemptions on Air New Zealand typically works as a discount on the cash airfare, rather than a traditional points-based award ticket. With Air New Zealand, cancellation fees will depend on the fare type purchased, it’s important to check the specific ticket conditions at the time of booking.

For partner airline reward bookings, a flat cancellation fee of NZD $100 applies. Overall, there are limited advantages in terms of redemption flexibility within the Air New Zealand Koru programme, making it difficult to get excited about the value and flexibility it offers.

While booking redemption flights with your hard-earned points is always a great moment, it’s worth considering how flexible the frequent flyer program really is if your plans change. This is especially true for programs that sit at the stricter end of the spectrum, where points can be heavily restricted or even forfeited.

To keep build deeper knowledge of frequent flyer programs, join our Points Mastery Program. Learn at your own pace, and put strategies in place to maximise your points balance on every dollar you spend, Join Today.

Award Cancellations FAQs

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At Points Advisor, one of the most common questions we receive is about flight upgrades. There’s nothing quite like upgrading your travel experience by settling into extra comfort as you start holiday in style up in the skies.

For the ultimate in luxury, it’s possible to use points to upgrade a paid Business Class ticket into a First Class experience. There are several Airlines offering some of the world’s best First Class cabins departing from Australian cities to take you around the globe in complete comfort and style.

Airline	Typical Routes	Upgrade with Points
Qantas	SYD LAX MEL LAX SYD DFW SYD JNB SYD SIN LHR	Qantas Points can be used to upgrade eligibility Business Class Tickets to First Class
Emirates	SYD DXB MEL DXB BNE DXB PER DXB SYD CHC	Emirates Skyward Points can be used to to upgrade eligibility Business Class Tickets to First Class Holding an American Express Platinum Card makes access to these points upgrade opportunities more accessible for many travellers
Singapore Airlines	SYD SIN MEL SIN BNE SIN	KrisFlyer Miles can be used to to upgrade eligibility Business Class Tickets to First Class Holding an American Express Platinum Card or transferring your Velocity Points to KrisFlyer makes access to these upgrade opportunities more accessible to many travellers
British Airways	SYD SIN LHR	Avios can be used to upgrade eligibility Business Class Tickets to First Class Holding an American Express Platinum Card makes access to these upgrade opportunities more accessible to many travellers
American Airlines	SYD LAX	Qantas has a unique Partnership with American Airlines where you can use your Qantas Points to upgrade eligibility Business Class Tickets to First Class

Additional First Class Airlines and Routes from Australia

In addition to the routes mentioned above, there are a few other airlines worth being aware of when it comes to First Class travel from Australia.

• Japan Airlines offers First Class on its Sydney to Tokyo route seasonally. However, upgrading with points can only be done through the JAL frequent flyer program, which does not have transfer partners from Australian frequent flyer programs. That said, it is still possible to book this First Class seat using Qantas Points when reward availability is released.
  
• Qatar Airways’ A380 fleet features the airline’s only First Class cabin and previously operated on routes between Perth and Sydney to Doha. If the A380 is ever reintroduced into back to Australian cities, First Class travel with Qatar Airways will be possible again.
  
• Air India is introducing a new First Class product on its international network from 1 July 2026 between Melbourne and Delhi. While First Class upgrades using points are likely to be limited to members of the Maharaja Club, paid First Class fares are available and can be booked with First Class Travel.

How do flight upgades work?

While instant and confirmable upgrades are considered the gold standard from a passenger experience they are only offered in limited cases across certain frequent flyer programs, the majority of upgrade requests typically enter a waitlist system.

From a few days prior to departure right up until boarding, airlines begin processing upgrades from the waitlist. Whether the upgrade request is using points or cash, typically passengers holding fully flexible fare tickets are prioritised first, followed by frequent flyers with higher airline status. Only after these groups are accommodated are remaining upgrade requests processed.

The exact order and mechanics of how upgrades are cleared are not fully transparent, as airlines carefully manage the balance between generating incremental revenue and rewarding customer loyalty.

Flight Upgrade FAQs: Using Points to Move from Business to First Class

The Points Advisor team regularly receives a wide range of questions when it comes to upgrading flights using points, particularly from travellers looking to move from Business Class to First Class. These enquiries often focus on fare eligibility, availability, and which frequent flyer programs offer the best value when redeeming points for premium cabin upgrades. Let’s run over a few of the most common questions.

The post Upgrading from Business to First Class Using Points from Australia appeared first on Points Advisor.

For those sitting on a serious stack of points, it’s possible to enjoy genuine luxury by redeeming your points instead of handing over cash. Flying Business Class and staying at world-class dream destinations from the pristine waters of the Maldives to the snow-capped Swiss Alps is all possible with points.

For those sitting on a serious stack of points, real luxury doesn’t have to come with a hefty price tag. Instead of paying cash, you can redeem your points to fly in Business Class and checking into world-class hotels. Whether it’s waking up over the turquoise waters of the Maldives or gazing out at the snow-covered peaks of the Swiss Alps, these once-in-a-lifetime trips are entirely possible using points.

A must have: American Express Platinum Card

You can stretch your next getaway further with the American Express Platinum Card. American Express Membership Rewards points transfer to both Marriott Bonvoy and Hilton Honors, unlocking high-end hotel options worldwide along with several airlines Airlines Partners.

If you’re not already a cardholder, sign up today using our exclusive referral bonus points offer and get off to a flying start once approved with your shiny new American Express Platinum Card.

Why Five-Night Stays Deliver the Best Value on Points

Five nights is where the real value kicks in, both Marriott and Hilton gifts you the fifth night free on all reward stays, turning a good redemption into an exceptional one.

• Marriott offers a fifth night free to all members, although some properties may pass on local taxes and resort fees on redemptions
• Hilton also provides a fifth night free on award bookings, but this benefit requires Silver status or higher. The American Express Platinum Card includes complimentary Hilton Honors Gold making it a great choice, additional Hilton does not pass on any fees or taxes on reward stays.

The Ultimate Destination Bucket List

We’ve curated the ultimate bucket list of destinations suited to any special occasion, whether it’s a honeymoon, anniversary, or milestone birthday just by using your American Express Membership Rewards points staying for 5 nights and flying business from Australia to your you can celebrate on Points.

We’ve curated the ultimate bucket list of destinations for any special occasion, whether it’s a honeymoon, anniversary, or milestone birthday. Stay five nights and fly Business Class from Australia return for two people, all made possible using your American Express Membership Rewards points.

Conrad Rangali Island, Maldives

Conrad Maldives Rangali Island is one of Hilton’s most iconic resorts, famed for its world-renowned Ithaa Undersea Restaurant, an extraordinary dining experience set beneath the ocean.

Located in the South Ari Atoll, the resort pairs classic Maldivian seclusion with refined luxury. Think turquoise lagoons, private plunge pools, vibrant reef snorkelling straight from your villa, and sunset dolphin cruises that feel straight out of a postcard.

Book Conrad Maldives Rangali Island with Points

5 Night Hotel Stay + Return flight flying Business Class from Sydney with Singapore Airlines by redeeming 2,720,000 American Express Membership Rewards points plus approx $2070AUD taxes and seaplane transfers for 2 people.

Al Maha, a Luxury Collection Desert Resort & Spa, Dubai, UAE

Al Maha, a Luxury Collection Desert Resort & Spa is an all-inclusive desert retreat set within the Dubai Desert Conservation Reserve, approximately a one-hour drive from Dubai.

For Marriott Bonvoy members redeeming points, your stay includes three gourmet meals daily and two desert activities per night, from camel treks and wildlife drives to falconry experiences. Each private villa features its own temperature-controlled plunge pool overlooking the dunes, blending traditional Arabian design with refined, secluded luxury far removed from the city skyline.

Book Al Maha, a Luxury Collection Desert Resort & Spa with Points

5 Night Hotel Stay + Return flight flying Business Class from Brisbane with Emirates by redeeming 1,604,200 American Express Membership Rewards points plus approx $4,661 AUD in taxes for 2 people.

JW Marriott Phu Quoc Emerald Bay, Vietnam

JW Marriott Phu Quoc Emerald Bay is a beachfront stunner on Vietnam’s laid-back island of Phu Quoc, about 20 minutes from the airport. Designed by Bill Bensley, the resort is playful and whimsical, colourful, quirky, and seriously photogenic play to unwind and relax.

Redeeming Marriott Bonvoy points here offers a true tropical escape: a long stretch of white sand, multiple pools, exceptional dining, and a spa made for leisurely afternoons. It’s the kind of place where you drift between beach time, sunset cocktails, and lazy mornings with stunning poolside views.

Book JW Marriott Phu Quoc Emerald Bay with Points

5 Night Hotel Stay + Return Business Class flights from Melbourne to Phu Quoc with Vietnam Airlines by redeeming approximately 1,411,500 American Express Membership Rewards points plus approx $710 AUD in taxes for 2 people.

Book Lamarck House All Inclusive Package with Points

5 Night All inclusive Hotel Stay + Return Business Class flights from Melbourne to Phu Quoc with Vietnam Airlines by redeeming approximately 9,642,000 American Express Membership Rewards points plus approx $710 AUD in taxes for 2 people.

Gather your friends and family and escape to Vietnam in serious style at the all-inclusive Lamarck House at JW Marriott Phu Quoc Emerald Bay.

This exquisite seven-bedroom villa sleeps up to 14 guests and is designed for private luxury and is bookable using points which includes daily breakfast for all guests, a private 16-seat van for eight hours each day, a 60-minute spa treatment for everyone once per stay, an exclusive BBQ dinner at Lamarck House for your entire party once per stay, plus early check-in and late check-out.

Mandapa, a Ritz-Carlton Reserve, Ubud, Indonesia

Mandapa, a Ritz-Carlton Reserve is a serene riverside sanctuary tucked into the lush jungle of Ubud, around 45 minutes from Denpasar Airport. Designed to reflect a traditional Balinese village, the resort blends spiritual calm with refined luxury; think misty mornings over the Ayung River, private pool villas, and a setting that feels completely removed from the world.

Redeeming Marriott Bonvoy points here unlocks a different kind of tropical escape. Instead of beachfront energy, you’ll find layered rice paddies, tranquil spa rituals and intimate dining experiences.

Book Mandapa, a Ritz-Carlton Reserve with Points

5-Night Stay at Mandapa, a Ritz-Carlton Reserve + Return Business Class with Virgin Australia flights for 2 people fro 1,119,000 American Express Membership Rewards points plus approx AUD 690 in taxes.

The Gritti Palace, a Luxury Collection Hotel, Venice, Italy

The Gritti Palace, a Luxury Collection Hotel, Venice is a 15th-century palazzo set directly on the Grand Canal, just steps from St Mark’s Square. Once the residence of Venetian nobility, the hotel feels like stepping into a living museum. Murano glass chandeliers, gilded mirrors, frescoed ceilings all with romantic canal views from many it well appointed rooms

Redeeming Marriott Bonvoy points here unlocks a very different kind of escape, immersed in old-world glamour and cinematic European charm with gondolas drift past throughout the day.

Book The Gritti Palace, a Luxury Collection Hotel with Points

5-Night Stay at The Gritti Palace + Return Business Class flights for 2 from approximately 2,456,000 American Express Membership Rewards points plus $2,765 AUD in taxes with Virgin Australia and Qatar.

You can go the extra mile you can pay your taxes with points with Velocity, this will bump up the number of American Express Membership Rewards points to 3,379,200 plus $42 AUD in hotel taxes.

W Verbier, Switzerland

Perched in the heart of Switzerland’s iconic ski village, W Verbier refines alpine luxury. The blend of contemporary design with floor-to-ceiling windows snow-dusted peaks, while private balconies invite serene mornings and quiet evenings above the valley.

Located about 90 minutes’ drive from Geneva Airport, W Verbier is perfectly positioned for your next alpine escape using Marriott Bonvoy points.

Book W Verbier with Points

5-Night Stay at W Verbier + Return Business Class flights for 2 people for 2,310,000 American Express Membership Rewards points plus $2,718.62 AUD in taxes.

You can go the extra mile and cover your flight taxes with additional Velocity Points instead, this increases the total to 3,671,400 American Express Membership Rewards points plus $34 AUD in hotel taxes.

Hilton Garden Inn Tórshavn — Faroe Islands, Denmark

Nestled in the heart of Tórshavn Faroe Islands, Denmark, the Hilton Garden Inn offers one of the most comfortable in the Faroe Islands. While it’s not an ultra-luxury resort, the hotel’s modern rooms, thoughtful amenities, and prime location make it a sophisticated base for exploring this dramatic and unspoiled archipelago.

With accommodation in the Faroe Islands often commanding high cash rates, redeeming Hilton Honors points here is a smart way to get exceptional value. From your room, you can wander the charming streets of Tórshavn, take in rugged cliffs and misty fjords, and soak up the quiet beauty of one of Europe’s most remote destinations. Vágar Airport is just a 45-minute drive, making this a surprisingly accessible gateway to the natural beauty Faroe Islands has to offer.

Book Hilton Garden Inn Tórshavn with Points

Hilton Garden Inn Tórshavn with return Business Class flights from Melbourne on Singapore Airlines and SAS for 2 people requires 2,190,000 American Express Membership Rewards points, plus approximately AUD 880 in taxes.

Whether you’re celebrating something special or simply ready to travel better, your points can unlock Business Class flights, five-night stays, and unforgettable moments in some of the world’s most spectacular destinations.

Luxury travel doesn’t have to remain on the bucket list. With the right strategy and smart planning, these once-in-a-lifetime experiences are closer than you think. If you’re ready to make it happen, start with our Points Mastery Course or get in touch with us directly, we’ll help you plan and book your next bucket list destination using points.

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American Express has recently formed partnerships with Qatar Airways and Hawaiian Airlines in Australia, bringing two fantastic opportunities for cardholders to enhance their travel experiences.

With this new collaboration, American Express cardholders can now convert their Membership Rewards points to Avios with Qatar Airways at a rate of 2 MR to 1 Avios, and to Hawaiian miles at a rate of 2 MR to 1 Hawaiian mile. This means that you have even more options to explore and reach your desired destinations using your American Express points.

The Qatar Airways deal is already in effect, starting from August, while the partnership with Hawaiian Airlines will come into effect in October. These partnerships provide a wonderful opportunity for travelers to maximize the value of their American Express points and unlock a world of possibilities.

Whether you dream of exploring the vibrant cities and cultural gems served by Qatar Airways, or you’re longing for a tropical getaway to the beautiful Hawaiian Islands with Hawaiian Airlines, these partnerships offer you the chance to make your travel aspirations a reality.

So, with American Express points, you now have the ability to reach more destinations than ever before. Start planning your next adventure and take advantage of these incredible opportunities to make the most of your points.

Qatar Promotional Transfer

Until the 18th of August, American Express cardholders can enjoy a fantastic promotion when transferring their points to Qatar Airways. During this limited-time offer, you will receive a 20% bonus on Avios for points transferred to the newly partnered Qatar Airlines.

This promotion presents an incredible opportunity for those planning to use Avios for travel within Europe, the Middle East, and beyond. With the bonus Avios, you’ll have even more value to explore the diverse destinations and cultures that Qatar Airways serves.

Don’t miss out on this exclusive offer. Transfer your American Express points to Avios and unlock a world of possibilities for your upcoming travels within Europe, the Middle East, and beyond. Start planning your journey today and take advantage of this incredible opportunity. Safe travels!

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There’s no doubt the choices for redeeming your American Express points are plentiful from flights to fashion. Yet with so many options and some offer low value for redeemed points, we’ve rounded up the best ways for you to maximize your Amex membership rewards.

We’ve based this on Amex cards issued in Australia and this may vary in other countries but the principle applies to most countries. The points required are approximate and the cash price an average.

Redeeming American Express Points at Retailers

While you can use your membership reward points at these retailers, read on to see why we don’t recommend it.

Retailers offer as little as 0.5 cents per Amex point which is incredibly low when compared to using them for flights.

Redeeming Points with Hotel Brands

American Express has joined forces with Hilton Hotels and Marriott Bonvoy Hotels, both of which have their own points rewards system. Each Amex point converts to 0.667 Marriott points or 0.5 Hilton points and the value of 0.667 Mariott points is usually between 0.5 Australian cents and 1 cent higher than the value of 0.5 Hilton points. The value varies depending on the properties, seasons, occupancy, etc. Compared to the retailers, converting your Amex points to these two hotel brands will give you more value but there are better things waiting for your Amex points.

You can get more miles out of your points if you use them for some ‘experiences’ on Marriott ‘Moments‘. Bidding against other Marriott Bonvoy rewards members you can land experiences such as two tickets plus an invite to the after-party for the American Music Award which is currently on auction for 50,000 Marriott points (which requires 75,000 Amex points, it might well go up), compared to the ticket prices on this site, starting at US$3,990 for two people including after-party access. Then it’s worth using Amex points.

We recommend any redemption when 100 Amex points in Australia is worth more than AU$1. In this case, it’s worth US$5.32, which is almost AUD$7.5 with the current exchange rate. Even if the bid doubles, it’s still well worth redeeming your Amex points for it.
But, at the end of the day, it also depends on how much you value the experience and if the tickets are available to the general public.

Redeeming Points for First or Business Class Tickets

However, our favorite way to redeem Amex points is to transfer them over to an airline.

For example, when you transfer 340,000 American Express points to Asia Miles, it converts to 170,000 Asian Miles which can get you a return flight in business class from Sydney to London with Cathay Pacific, valued at approximately AUD$6,000 (excluding taxes), in which case 100 Amex points is worth AU$1.76.  If you transfer 652,000 American Express points to Krisflyer, it converts to 326,000 Krisflyer Miles which can get you a return flight in first class from Sydney to London with Singapore Airlines, valued at approximately AUD$13,000 (excluding taxes), in which case 100 Amex points is worth AU$2!

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