Flybuys points offer the best value when they are transferred to Virgin Australia and redeemed for First and Business Class flights. Points can also be used at checkout with Coles and for travel through the Flybuys Travel portal.
What are Flybuys points worth?
Flybuys Points are worth 0.5 cents each when redeemed at checkout and when used towards travel through Flybuys Travel. Points can also be transferred to Virgin Australia Velocity which can give your points values of up to 1.5 cents or more.
Flybuys points value
| Redemption option | Redemption value in cents |
|---|---|
| Transferring points to partners | 1 - 1.5 |
| Redeeming points at checkout | 0.5 |
| Redeeming points towards Flybuys Travel | 0.5 |
Redeeming points at checkout with Coles
Flybuys points can be redeemed in-store at check with Coles. Every 2,000 Flybuys points you redeem is worth an instant $10 off your Coles Supermarket shop which gives your points a value of 0.5 cents each.
Do note that this does not include Coles Express and Coles Online. You must also have a minimum spend of $10 after savings and discounts.
Redeeming points with Flybuys Travel
Flybuys points can be used to book travel through Flybuys travel. Every 200 Flybuys points you redeem is worth $1 in travel credit to cover the cost of flights and hotels.
This means that redeeming your points through Flybuys Travel will offer the same 0.5 cents per point as redeeming in-store with Coles.
Transferring points to Virgin Australia
Flybuys points can be transferred to Virgin Australia at a rate of 1,000 Flybuys points for 500 Velocity points. This provides the best value for Flybuys points as you'll be able to transfer points and redeem them for premium flights with Virgin Australia and partner airlines.
Let's look at an example booking between Sydney and Perth. A one-way flight in Business Class would cost you 35,000 Velocity Points plus $30.75 in taxes.
(You could also pay 40,800 points and cover the taxes, but that will take away from the value of your points.)
The cheapest Business Class flight for the same date is $1,229 one-way.
If you wanted to use Flybuys points for this redemption, you would need to transfer 71,000 Flybuys points to Virgin Australia Velocity. This would give you a total of 35,500 Velocity Points since the transfer ratio is 2:1.
Overall, this means that you would be redeeming 71,000 Flybuys points for a $1,229 Business Class ticket. This would give your Flybuys points a value of 1.73 cents each.
This is significantly more than the $355 in value you would get out of redeeming 71,000 points at checkout with Coles or through Flybuys travel.
Don't care much for Business Class? You can still get great value in Economy too!
Looking at the same dates, you can book a one-way economy flight for 17,800 points plus $30.75 in taxes and fees (or 23,100 points if you wanted to avoid paying out any cash).
The cash cost of the flight is $259 one-way.
This flight would require you to transfer 35,600 Flybuys points to your Virgin Australia Velocity account in order to get 17,800 Velocity points.
So you would be redeeming 35,600 Flybuys points to cover $228.25 (remember there's $30.75 in taxes/fees) which would give your points a value of 0.64 cents each.
It's not as much as Business Class, but it's still more than you would get redeeming in-store with Coles or through Flybuys Travel.
Convert Flybuys points to dollars
Use the Flybuys Points Value Calculator to determine the average cash value of points when redeemed at check-out with Coles and for travel. This will give you an idea of how much your Flybuys points are worth.
| Redemption option | Average dollar value |
|---|---|
| Transferring points to partners | 1 - 1.5 |
| Redeeming points at checkout | 0.5 |
| Redeeming points towards Flybuys Travel | 0.5 |
FAQ
What are Flybuys Points?
Flybuys Points is a rewards currency that is primarily earned spending at Coles and Wesfarmers brands. They can be used for discounts, travel, and merchandise.
How do you earn Flybuys Points?
Flybuys Points can be earned spending at Coles and Wesfarmers brands as a Flybuys member. Points can also be earned using Flybuys credit cards, spending with retail partners, and by transferring points from other programs to Flybuys.
How many Flybuys Points do you earn per dollar spent?
You'll earn 1 Flybuys Point per $1 spent with most Coles and Wesfarmers brands. Some retailers may offer more or less depending on the promotion.
Do Flybuys Points expire?
Yes. Flybuys Points will expire if you have not earned or redeemed a single point within 12 consecutive months.
What are Flybuys Dollars?
Flybuys Points can be converted into Flybuys Dollars at a rate of 2,000 points for $10. Those dollars can then be used to take money off your shopping bill.
How much is a Flybuys Point worth?
1 Flybuys Point is equal to $0.005. You can redeem 2,000 points for a $10 discount.
How much is 5,000 Flybuys Points worth?
At a rate of $0.005 cents per point, 5,000 Flybuys Points is equal to $25 in value.
How much is 1 million Flybuys Points worth?
At a rate of $0.005 cents per point, 1 million Flybuys Points is equal to $5,000 in value.
How many Flybuys Points do you need for $1 in value?
200 Flybuys Points is equal to $1 in cash value.
Can you transfer Flybuys Points?
Yes. You can transfer Flybuys Points to Virgin Australia Velocity at a rate of 2,000 Flybuys Points for 1,000 Velocity Points.
Is it worth transferring Flybuys Points to Velocity?
Yes. Transferring points to Velocity can give your Flybuys Points upwards of 1.5 cents each in value when it comes to redeeming towards airfare with Virgin Australia.
Does Flybuys offer a credit card?
Yes. You can earn Flybuys Points on day-to-day spending a Coles Mastercard. Points can also be earned through NAB Rewards and Citi Rewards credit cards via point transfers to your Flybuys account.
What is the best credit card for Flybuys Points?
The Coles Rewards Mastercard is the best option for earning Flybuys Points on everyday spend.
