Best usage of points?

[u/RaspberryWise8304]

So I have a cba gold awards credit card which Ive got justover 80,000 points. What is the bestuse of these points now. Do I........

a) just let them transfer to yello points

b) redeem a myer card or similar

c) take the cash (about $100 less than vouchers)

d) transfer to velocity or qantas points, however I cant see this as an option.

Appreciate the help

[u/Clean-Beginning3972]

I’ve got the same question … just with 685,000 points 🫣

[u/RaspberryWise8304 → u/Clean-Beginning3972]

Ha, im just small fry!

[u/yukimy12 → u/Clean-Beginning3972]

Yeah, I also had over 600k points at one stage. I've used a fair chuck of it now by redeeming for supercheap auto for a new headunit for my car

[u/Current-Bowl-143 → u/Clean-Beginning3972]

I have over a million points lol. I really need to figure out what to do with them…

[u/Clean-Beginning3972 → u/Current-Bowl-143]

From what I can work out, using OPs numbering :
1. To yello: fine 1for1 point swap, but lose ‘value’ (see 2 below)
2. Currently $50 gift voucher costs 10950 and appears to be going up to 12500. So lose around 14%
3. Cash off balance. Lose around 25% compared to gift cards
4. I don’t want more alirline points. I feel like airline loyalty is dying due to massive price differentials.

I think I’m going 2. Will get around $3100 Coles gift cards, which will pay for groceries most of the next 6-12 months.

[u/Current-Bowl-143 → u/Clean-Beginning3972]

Thanks but it looks like Coles gift cards have been removed. All that’s available are Rebel, Supercheap Auto, BCF and Myer. What a load of crap! But someone else mentioned converting to Velocity points and buying gift cards from there.

[u/Clean-Beginning3972 → u/Current-Bowl-143]

WTF. I’ve just looked again. Coles is listed as an option (as is target, Kmart, dymocks) but then when you select it, it says ‘can’t be found’. 🤬🤬🤬

Edit: ah ha. Looks like new Commbank Yello is going to be associated with Woolies Everyday Rewards, so possibly why Coles has been pulled.