Q Rewards points can be redeemed towards cash back, credit card purchases, eVouchers, annual fee credits, and at checkout with select retailers. Points can also be converted into Virgin Australia Velocity points and flybuys points.
Q Rewards points value
Q Rewards points are worth 0.27 cents per point on average when redeemed through BOQ. If you have the BOQ Platinum credit card, you'll be able to transfer points to Virgin Australia and flybuys which has the chance to grant you higher value.
Here's our valuations for BOQ Q Rewards points:
| Redemption options | Redemption value (in cents) |
|---|---|
| Transfers to Virgin Australia Velocity | 0.16 - 1 |
| Gift cards and eVouchers | 0.27 |
| Apple products | 0.21 |
How to calculate Q points value
The value of Q Rewards points can vary depending on how they are redeemed. You can calculate the value of Q Rewards points by dividing the cash cost of your redemption by the amount of points required.
Q Rewards Points Value = Cash Cost of Redemption ÷ Points Required for Redemption.
If you want to easily calculate the value of your points based on redemption versus cash cost, jump to our Q Rewards Redemption Value Calculator.
Ways to redeem Q Rewards points
Q Rewards points will have the best value when transferred to Virgin Australia which is only available to BOQ Platinum credit card holders. If you don't have this card, redeeming points for gift cards and vouchers will be the next best option.
Gift cards and eVouchers
Q Rewards Points can be redeemed for gift cards and eVouchers in the BOQ Rewards portal which will give your points a value of 0.27 cents each. Redemptions start at 7,200 points for a $20 gift card or eVoucher.
Do note that the cost in points can vary depending on which card you have. Some redemption values may change once you're logged into your BOQ Rewards account. The table below lists the amount of points needed for basic redemptions.
While it's not a "big" difference, some of the higher denominations will give you slightly (and I mean slightly) more value. You'll also want to note that some denominations may not be available with select retailers.
| Denominations | Cost In Points |
|---|---|
| $20 | 7,200 Points |
| $25 | 9,000 Points |
| $50 | 17,900 Points |
| $100 | 35,800 Points |
| $200 | 71,500 |
| $300 | 107,200 |
| $500 | 178,600 |
Redeem points for Apple products
You can redeem you Q Rewards Points towards purchases in the Apple catalogue which includes products like the iPhone, iPad, Macbook, and Apple Watch. This will give your points a value of about 0.21 cents.
Point transfers to partners
If you have the BOQ Platinum Visa Card, you'll be able to transfer points to Flybuys and Virgin Australia Velocity.
Virgin Australia Velocity points can be worth as little as 0.5 cents per point and as much as 3 cents per point or more depending on how you redeem them. This means that converting Q Rewards points to Velocity points can produce a wide range of values. I highly recommend finding a great redemption with Virgin Australia before transferring your points so that you can ensure you're getting solid value.
As for Flybuys, I am unsure of the transfer ratio for it is not listed on the site nor anywhere (at least that I can find) on the World Wide Web.
Other ways to redeem points
Q Rewards points can also be redeemed for:
- Cash back starting at 10,000 points.
- An annual fee credit starting at 6,000 points.
- Online at Kogan.com.
Calculator: Convert Q Rewards points to dollars
Use the Q Rewards Points Value Calculator to calculate the dollar value of Q Rewards Points based on the redemptions listed. You can enter any amount of points in the calculator.
Q Rewards Points Value Calculator
Enter any amount of points to calculate the dollar value.| Redemption options | Average value |
|---|---|
| Gift cards and eVouchers | $0 |
| Apple products | $0 |
| Transfers to Virgin Australia Velocity | $0 - $$0+ |
Calculator: Q Rewards redemption value
Use our Q Rewards Redemption Value Calculator to determine the cash value of a redemption based on the cost in cash versus the cost in Q Rewards points. This tool is useful when trying to decide whether a redemption is worth it.
Credit cards that earn Q Rewards points
BOQ offers two Q Rewards credit cards that you can use to earn Q Rewards at a flat rate across all purchases.
| Credit Card | Card Details |
|---|---|
BOQ Platinum Visa Credit Card
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BOQ Blue Visa Credit Card
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FAQ
What's the value of Q Rewards points?
Q Rewards points are worth 0.27 cents per point on average but can be worth significantly more when transferred to Virgin Australia Velocity.
What can you redeem Q Rewards points for?
Q Rewards points can be redeemed for cash back, gift cards and eVouchers, apple products, at checkout at Kogan.com, annual fee rebates on BOQ credit cards, and point transfers to Virgin Australia and Flybuys.