Last chance: Book Qantas Frequent Flyer award flights before Aug. 5 price increase

Australian airline Qantas will increase the award rates and carrier-imposed surcharges on many redemptions for bookings made from Aug. 5 onward, so you only have a few days left to redeem your points at the lower rates.

The airline will also add additional award availability and new partner award tickets, and some redemptions will be reduced in cost.

While Qantas Frequent Flyer points are surprisingly easy to earn, given the news, some redemptions should be booked now.

Here's what you need to know about the changes so you can act accordingly.

Related: Qantas first-class flight review: The most comfortable way to fly Down Under

Higher prices and surcharges for Classic Flight Rewards

For bookings made from Aug. 5 on, Qantas will increase the cost of its cheapest saver-level redemptions (called Classic Flight Rewards) and saver-level upgrades for Qantas-operated flights by 5% to 20%, depending on the route.

On the shortest domestic routes — like from Australia's Brisbane Airport (BNE) to Sydney Airport (SYD) — rates for Classic Flight Rewards will increase from 8,000 points to 9,200 points each way, with the fees, taxes and surcharges of 55 Australian dollars (around $35) remaining the same.

The price increase will be more substantial on long-haul services, such as Qantas business-class flights from Los Angeles International Airport (LAX) to SYD. Bookings made from Aug. 5 on will rise from 108,600 to 130,100 Qantas points each way, and fees, taxes and surcharges will increase from approximately $300 to $400.

Classic Flight Rewards are often hard to find, especially on long-haul routes in premium cabins. This has been especially apparent since the airline launched dynamically priced Classic Plus Flight Rewards in 2024. These award tickets are tied to the cash price of a flight and are much more expensive, though more readily available.

Daily Newsletter

Reward your inbox with the TPG Daily newsletter

Join over 700,000 readers for breaking news, in-depth guides and exclusive deals from TPG’s experts

Email address

Sign up

By signing up, you will receive newsletters and promotional content and agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.

Verdict: Book now.

Higher redemption rates for partner airlines

Qantas is a member of the Oneworld alliance, meaning you can redeem Qantas points on partner airlines like American Airlines, British Airways and Alaska Airlines. The airline also partners with carriers outside the Oneworld alliance, such as Air France, KLM and Emirates.

For bookings made from Aug. 5 on, Emirates flights will be priced according to the Qantas award chart (rather than the partner award chart). Because of this, award rates and surcharges will increase for Emirates-operated flights, as with Qantas-operated flights.

Flights operated by American Airlines are also priced according to the Qantas award chart and will increase in all classes from Aug. 5. As an example, here are the economy-class rate increases:

If you want to redeem Qantas points on Emirates or American Airlines, you should do so before prices rise.

Regardless, Emirates Skywards recently restricted first-class redemptions to elite members, and Air Canada Aeroplan pricing for Emirates flights is now dynamic, so Qantas is now by far the best way to book Emirates first class with points and miles.

Verdict: Book now.

Related: A step up from your average economy: Flying Emirates' Airbus A380 from Dubai to Johannesburg

New premium economy award options

For the first time, starting in October, you can redeem Qantas points for premium economy seats on flights operated by Finnair, Air France, KLM and Iberia. Due to this change, the program promises to add 200,000 new premium economy award seats.

If you don't have enough Qantas points to book business-class award seats on these airlines, you may wish to wait until Aug. 5 to book premium economy seats.

Verdict: Book later.

Related: Is Iberia premium economy worth it on the Airbus A330 from Madrid to Dallas?

New Classic Flight Rewards seats on Hawaiian Airlines

In advance of Hawaiian Airlines' entry into the Oneworld alliance, you will be able to redeem Qantas points for flights on the airline starting in October.

Qantas promises that 800,000 Hawaiian Airlines award seats will be available to Qantas Frequent Flyer members.

Verdict: Book later.

Related: A new era for Hawaiian Airlines as it launches Dreamliner service: TPG was on the inaugural

Round-the-world tickets

Qantas offers Oneworld Classic Flight Rewards for round-the-world itineraries. Up to 15 flights, totaling 35,000 miles flown, are allowed. You can also build in up to five stopovers for a once-in-a-lifetime experience.

The cost of these redemptions will increase for bookings from Aug. 5 as follows:

• Economy class: From 132,400 to 152,200 points
• Premium economy: From 249,699 to 287,000 points
• Business class: From 318,000 to 365,800 points
• First class: From 455,000 to 523,200 points

It's worth noting that these round-the-world itineraries are very difficult to book, especially in business and first class, given the complex routing rules and limited availability. As such, they should only be attempted by those with an advanced understanding of the program.

Fees, taxes and surcharges are also payable on all flights, potentially adding several thousand dollars to the cost, depending on the routing and the carriers.

Verdict: Book now, noting the difficulties.

Lower award prices for Jetstar flights

Jetstar is Qantas' wholly owned low-cost subsidiary, comparable to Europe's EasyJet regarding passenger experience, pricing, rules and restrictions. Jetstar is not a Oneworld alliance member, so partner points or miles cannot be used to book Jetstar flights (nor can you use non-Qantas Oneworld status).

You can already redeem Qantas points for Jetstar flights. However, the cost of Classic Flight Rewards seats on Jetstar for popular Australian routes like Melbourne Airport (MEL) to SYD will drop to just 5,700 Qantas points.

If you want to get from point A to point B and are fine without using your Oneworld partner status benefits, this will be an inexpensive way to fly domestically within Australia.

Verdict: Book later.

Changes to earning points

In addition to the above pricing changes, Qantas will increase the number of points members earn on domestic cash tickets by up to 25%. The airline will also award additional points on select international tickets.

Earning Qantas points via credit cards

While there are no Qantas-branded credit cards available in the U.S., you can transfer rewards from three programs with transferable currencies directly to Qantas Frequent Flyer:

• American Express Membership Rewards
• Capital One miles
• Citi ThankYou Rewards

Each has a 1:1 transfer ratio, so 10,000 credit card points or miles equals 10,000 Qantas points.

Additionally, you can transfer Marriott Bonvoy points to Qantas Frequent Flyer at a 3:1 ratio, meaning 3 Marriott Bonvoy points become 1 Qantas point. Marriott will also add 5,000 bonus points when you transfer 60,000 Bonvoy points to an airline.

Bottom line

Devaluations are an unfortunate reality of collecting points and miles. We recommend earning transferable points and miles precisely because if one transfer partner devalues, you can always book with another.

These changes announced by Qantas represent higher prices and surcharges for both flights operated by Qantas and its partner airlines within and outside the Oneworld alliance.

However, there are some upsides. For the first time, members can book Hawaiian Airlines and premium economy award tickets on several partner airlines. But for flights that will increase in price, you should consider booking immediately before the Aug. 5 price changes.