The verified conversion rates between Australia’s loyalty currencies, in one place: Flybuys to Velocity (2:1), Everyday Rewards to Qantas Points (2:1), ANZ Rewards to Everyday Rewards (2,700 to 2,000), Amex Membership Rewards and NAB Rewards to Velocity (both 2:1), and what each balance is worth as money off your shop.
Context for the conversions: Everyday Rewards vs Flybuys covers when converting beats taking dollars off your shop, and Velocity vs Qantas covers which side to feed. Both programs run periodic 15-25% transfer bonuses – big balances should wait for one.
Common questions
Should I convert my points?
Only when the destination program gives you more value than keeping or redeeming them where they are now. Most conversions are one-way and cannot be reversed.
Are these conversion rates current?
Yes. The ratios here are the verified 2026 transfer rates between Flybuys, Everyday Rewards, Qantas, Velocity and the major bank rewards programs.
