Qantas have introduced a new option for redeeming Qantas Points. Starting from today (19 May, 2015), members of the Qantas Frequent Flyer program will be able to redeem their points for Avis and Budget car rentals, when booking online at Qantas.com.
At this point in time, the option to use points is not available for other car rental companies. As a result, you will need to use cash if you want to book a rental through companies such as Hertz or Thrifty.
As a bonus, any rental made through Qantas.com using points will remain eligible to earn points at the standard Qantas earning rates. For example, an Avis rental will pay back at the rate of three points per dollar.
A quick play with the car hire page on the Qantas website suggests that a value of about 0.64 cents per point can be achieved through this use of points. For example, a rental quoting a charge of $48 per day, showed a points requirement of 7,500 points per day.