Ever fly to Hobart from Sydney? One point’s redeemed return ticket from Sydney to Hobart will set you back 25,000 points. Use your points to redeem two individual one way tickets at 9,000 points each you save yourself 6,000 points. Upgrade yourself to business/first class and your still 2,500 points better off then if you had have redeemed a 25,000 point return ticket.
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