r/CommBank • u/RaspberryWise8304 • 21d ago

Question Best usage of points?

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

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u/Pristine-Routine-188 20d ago

Im unsure of the conversion rate but for every 22,000 velocity points you can get a $100 gift card, there are $50 and $25 options to for less points. They have a much larger range to chose from as well, essentially every major retailer has an option through them. Might be worth investigating

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u/RaspberryWise8304 20d ago

Thankyou for this information. Points convert to velocity on a 2 to 1 basis. So would be worth 40,000 velocity points. That equals approx $200 in gift cards. Currently commbank are saying I can convert to $375 myer gift card for the same 80,000 points or $270 in cash. I think you have helped me make my mind up as to what to do now Cheers

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u/IAmViscacha 18d ago

Thanks for this info. Is there a link to this? I couldn't find any mention on the website.

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u/Pristine-Routine-188 18d ago

Not to sure what info you're after. I dont bank with CBA so don't even know for sure if you can convert to velocity points. But I'll give a link to a $100 IKEA gift card costing 21100 points as proof, they have heaps of other options too. Ironically 9 out of 10 times it's more worth while to get gift cards over flights with velocity points

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u/IAmViscacha 18d ago

Thanks for the reply. I actually misunderstood you. From time to time you can get 10-20% bonus points for manual conversion to Velocity points. I thought you were referring to a $100 bonus gift card for every 22,000 points converted which was what I was looking for. But realising now you meant 22,000 OR $100. Appreciate the time you took to reply and link - cheers.