Points transfer partners: every Australian program mapped

Most Australians with a rewards card don't know where their points can go. That's a problem, because the same balance can be worth twice as much in one airline program as another, and banks changed their ratios more in October 2026 than in the previous five years.

Here's where every major Australian bank program sends its points, at what ratio, and what changed.

How to read a transfer ratio

A ratio of 2:1 means 2 bank points become 1 airline point. A ratio of 3:1 means you need 3. The lower the first number, the better. To compare cards fairly, divide the card's earn rate by the ratio: 2 bank points per dollar at 3:1 equals about 0.67 airline points per dollar.

The map

Correct as of October 2026. Blank means we couldn't confirm a current transfer. Ratios are bank points to airline points.

What changed in October 2026

The RBA's cap on consumer card interchange took effect on 1 October, and most banks responded by making transfers more expensive:

• NAB Rewards and MyCard Rewards moved Velocity transfers to 3:1.
• Westpac Altitude Rewards moved Velocity, KrisFlyer and Asia Miles to 4:1, and added a $75 yearly rewards program fee.
• St.George, BankSA and Bank of Melbourne Amplify worsened transfers to Velocity and KrisFlyer.
• CommBank replaced Awards with Yello points, adding Qantas, Avios and Velocity as partners at new ratios.
• ANZ and American Express hadn't changed their transfer rates as of early October.

What the RBA reforms mean for your points covers why.

Four patterns worth knowing

Velocity is the universal partner. Every major bank program on this list sends points to Velocity. If you collect bank points and want a safe destination, it's there.

Qantas is the rare one. Only CommBank Yello and selected premium American Express cards transfer to Qantas. If you want Qantas Points from a card, a direct-earn Qantas card is usually the simpler path.

Amex has the widest menu. Membership Rewards reaches more airlines and hotels than any other Australian bank program, which matters when one program has no seats and another does.

Transfers are one way. Once points land in an airline account, you can't send them back. Transfer only when you've found the seat.

Why banks set ratios the way they do

A transfer ratio is a bank's main cost lever. The bank pays the airline for every airline point it creates, so moving from 2:1 to 3:1 cuts the bank's cost of each transfer by a third without changing the headline earn rate on the card.

That's why ratios move quietly while earn rates stay on the marketing page. It's also why a generous ratio today isn't a promise for tomorrow. When a bank's income falls, as it did when interchange was capped, the ratio is the first thing to go.

How to use this map

1. Find your program in the table and note where your points can go.
2. Convert your card's earn rate into airline points using the ratio.
3. Search for the seat first, then transfer exactly what you need.
4. Watch for transfer bonuses. Velocity, Qantas and others run them from time to time, adding 15% to 25% to a transfer.
5. Re-check before every transfer. Ratios are still moving.

New to bank points? Read Frequent flyer cards vs bank rewards points first.