Fairly new to this, but finding it extremely interesting and fun!
Planning a trip to Europe next year (Apr 2017), specifically Italy. Originating port will be BNE.
By the middle of this year I will qualify QF Gold, and by end of this year should have about 340K QF points. I will also have about 90K Velocity Points. And finally about 160K Amex Membership Rewards.
The decision comes about how to transfer the Amex points and manage to get to Italy Business Return the whole way for two of us.
Ideally I want to get to MXP, however FCO drops a lot of the mileage back to once less zone, so it can make sense to go overland from Rome to Milan (time is not an issue).
BNE-PER R/T 155200 Velocity Points
PER-DXB-FCO R/T 384000 QF Points (EK) or 416000 QF Points (QR)
BNE-HKG R/T 240000 QF Points (QF) 260000 QF Points (CX)
HKG-MXP R/T 240000 Asia Miles (CX)
The 2nd option looks nice, but I think I might fall short on points.
Another option is to convert Velocity Points to KrisFlyer Points (0.74 rate), along with some Amex Points to go SIN-MXP with SQ, however, their burn rate is high, and having never done it, the availability sounds like it can be difficult.
Yet a further option is to buy a Discount Y or Flex Y fare with Qantas and rely on my Gold Status in applying for a points upgrade to either HKG or SIN (how likely is a points upgrade with Gold Status? Better ex-SYD than BNE?)
So - I am wondering if anyone has any further suggestions with their wider experience?