So if you've got 10,000 Qantas Points on hand, they would be worth as little as $50 or as much as $600 – and naturally you'd be eager to avoid the 'chump change' end of the spectrum. With that in mind, here are the three worst ways you can possibly use your points.

The value of 10,000 Qantas Points in 2026 varies significantly depending on how you choose to redeem them. If used for a Classic Flight Reward, which offers the highest value, 10,000 points are worth approximately $110 to $150 AUD. For example, a one-way economy flight from Sydney to Brisbane typically costs 8,000 points plus about $40 in taxes; compared to a cash fare of $180, this yields a high "cent-per-point" value. However, if you redeem them at the Qantas Marketplace for merchandise (like a toaster or headphones), the value drops significantly to roughly $50 to $70 AUD. In 2026, the best way to maximize these points is to save them for flight upgrades or short-haul domestic rewards where the cash price is high but the point requirement remains low. Using points for gift cards or wine generally provides the lowest return on your investment, so savvy travelers prioritize the "Classic Reward" seats to get the most "bang for their buck."