Can someone explain in simple terms how a system that gives you points that allow you to trade those points for goods and services is not a debt against that system.
Somehow it has morphed in to a money making business - HOW??
I had wondered this as well. However my understanding is, a company, let’s use Coles for the example ( I have no idea if Coles is involved with QF FFP, but let’s pretend they are), they buy points off Qantas….let’s say 10 million at are certain price. They then advertise, “ For every 50 dollars you spend this month on your Coles Mastercard, you will get 100 Qantas FFP”. I think that’s how it works,,,Qantas makes money selling FFP to other businesses, and I would guess lots of them are never redeemed.