Hi. I am an avid reader of point hacks and learning my way around the FF programs.
I have 138000 ANZ reward points expiring this month and wish to redeem them for FF points on either Krisflyer or Velocity.
I wish to gain the most value of the transaction. I currently collect Qantas FF points and while this is not possible in this transaction, happy to start with other programs. I like Krisflyer and am a member but already have my last 11000 points expiring there too this month. My wife and I are open to travel around in 2020.
Any suggestions would be helpful. Thanks in advance.
I would think where you want to go first, then see which FF program can get you there, which cabin, which price etc… Then you can have a better decision.
In general with ANZ, you can redeem Velocity with 1:2 ration (so 69,000 points) and Krisflyer is worse ration of 1:3 (46,000 miles). But on the other hand, each KF miles “worth” more (I.e. the redemption costs less miles in comparison to Velocity).
On top of that, wait for a promotion. ANZ just had 30% bonus to transfer for Velocity (so 89,700 points in your case) and they even had 50% a few months ago.
I personally save for KF miles, but I still transfer to Velocity my ANZ points, because with the promotions, you end up with more KF miles.