When you fuel up your car, you could earn Qantas Points with BP directly or with Caltex (through Woolworths Everyday Rewards). Alternatively, you could choose to boost your Velocity Points balance at Coles Express (through flybuys), instead.
Which option gives you the most value? We take a look below., crunching the numbers on which one could get you to your flight reward sooner.
This is based on the petrol spend required per point to redeem for a Sydney-Melbourne Domestic Business Class flight on Qantas (18,400 pts) or Virgin Australia (15,500 pts).
There are some important assumptions and notes to consider:
- We have assumed that you are purchasing 91 Unleaded fuel at $1.20 per litre (obviously this fluctuates over time)
- BP offers Qantas Points per litre, depending on the petrol type
- Caltex and Coles Express (using the 4c/L discount) offers points per dollar spent, regardless of petrol type
- Coles Express (using the 8 bonus points/L option) offers flybuys points for both the amount spent and the amount fuelled
- We aren’t including in-store purchases as part of the comparison
Qantas and BP Rewards
The following Qantas Points can be earned when purchasing fuel at BP fuel stations nationwide:
- 2 Qantas Point per litre of BP Ultimate 98 Motor Fuel
- 1 Qantas Point per litre of 91, 95, Diesel, Ultimate Diesel or LPG
- 1 Qantas Point per A$1 spent on eligible in-store products
Using our assumptions above, you’ll spend $1.20 per Qantas Point earned while at BP fuel stations. Given that you need 18,400 Qantas Points to get that Qantas Business Class flight, that equates to a relative ‘cost’ of $22,080 spent on fuel at BP.
Woolworths Rewards and Caltex
Whilst you’ll earn 1 Everyday Rewards point per A$1 spent on fuel (and only fuel) at participating outlets, you can only convert those points to Qantas Points once your account has 2,000 Everyday Rewards points. Once transferred, you’ll normally get 1,000 Qantas Points in your account.
Woolworths Everyday Rewards recently expanded to Tasmania, so existing Frequent Shopper Club members on the Apple Isle should look at swapping their points over to the new program.
Members of Woolworths Everyday Rewards may be able to collect vouchers to redeem a 4 cents/L discount on fuel purchases, after spending $30 or more at Woolworths supermarkets.
flybuys and Coles Express
Coles Express offers 1 flybuys point per $2 spent on fuel. Those points can then be transferred to Velocity Frequent Flyer at a rate of 2,000 FlyBuys points = 870 Velocity points (so 1 flybuys point = 0.435 Velocity points).
Under a 15% bonus promotion, this increases to 1 flybuys point = 0.5 Velocity points, so it’s worth keeping your points intact until then.
In addition to offering 1 flybuys point per $2 spent on fuel, members also can earn discount vouchers when spending more than $30 at Coles supermarkets, which have two uses:
- A standard 4c/L discount on fuel, or
- 8 bonus flybuys points per litre of fuel
The ability to boast your earn rate by 8 points per litre is an interesting one indeed. We’d recommend picking this option instead of the 4c/L discount. You can adjust your flybuys reward settings here.
Which partnership earns you the most points?
|Frequent flyer program-petrol station||Qantas-BP (for 91 Unleaded)||Woolworths Rewards-Caltex||flybuys-Coles Express (4c discount)||flybuys-Coles Express (8 bonus points)|
|Earn rate||1 Qantas Point per litre||1 Woolworths Point per $1 (= 0.5 Qantas Points after conversion)||1 flybuys point per $2 (= 0.435 Velocity Points after conversion)||8.6 flybuys point per litre|
|Points needed to redeem a Business Class flight between Sydney and Melbourne||18,400 Qantas Points||18,400 Qantas Points||35,632 flybuys points||35,632 flybuys points|
|Fuel spend required||$22,080|
(18,400 points x $1.20 spent per Qantas point)
(18,400 Qantas Points x $2 spent per Qantas Point)
(35,632 points x $2 spent per flybuys point less 59,387 litres needed to earn required flybuys points x $0.04)
(35,632 points x 13.95c spent per flybuys point)
For this example, it’s clear that the flybuys-Coles Express tie-up gives you the best bang for your buck when using your voucher for 8 bonus points per litre fuelled.
It’s about four times better than the Qantas-BP partnership and seven times better than the Woolworths Rewards-Caltex combination.
Ironically, the flybuys-Coles Express using the 4c fuel discount option comes out worst, even when factoring in the value of the 4c discount.
All things being equal (including fuel prices), if you are working towards a flight redemption, you’re likely to get there quicker if you fill up at Coles Express and take advantage of the 8c bonus points option, which will ultimately allow you to transfer your flybuys points to Velocity Points.
For those wishing to earn Qantas Points, however, you should direct your spending towards the new BP-Qantas partnership.
As is often discussed in most of the articles on this site, there is a myriad of ways to earn points, and so long as you are doing more than a few of them, then rewards are not far away, and every little bit adds up.
Images courtesy of respective fuel companies.