What's The Value of Q Rewards Points?

Rewards Value Calculator
Calculate the average cash value of Q Rewards Points, calculate the transfer of points to partners, and get the details on redemption options.
Last Updated 2023-11-20 By R.Flowers III

Q Rewards Points can be converted to cash, used to wipe out a credit card purchases, and be redeemed for eVouchers from top retailers. You can also convert your Q Rewards to Flybuys or Virgin Australia Velocity if you have the BOQ Platinum credit card.

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

Gift cards and eVouchers: 0.27 cents per point.

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.

BOQ Q Rewards - Gift Card Redemptions
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: 0.21 cents per point.

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: 0.25

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 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.

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.

Enter any amount of points to calculate the dollar value.
Q Rewards Points
Redemption options Average value
Gift cards and eVouchers $0
Apple products $0
Transfers to Virgin Australia Velocity $0 - $$0+

How To 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
  • Earn 2 Q Rewards points per $1 spent on all eligible card purchases.
  • Transfer points to Flybuys and Velocity.
  • Receive complimentary international travel insurance for you and your family.
  • Be protected with guaranteed pricing scheme and complimentary purchase cover.
  • $129 annual fee.
  • Earn 1 Q Rewards point per $1 spent on all eligible card purchases.
  • Be protected with guaranteed pricing scheme and complimentary purchase cover.
  • $60 annual fee.


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.

Calculate Total Rewards & Card Value Per $1 Spent For Australia Credit Cards
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