Coles flybuys - Is 500 BONUS POINTS worth royally celebrating? Turn it into dollars and then you'll know.

It occurred to me last night when a family member thought one of the flybuys offers was great, that most people probably don't have to a clue as to what the points are worth. It really is simple to put a figure on the value of flybuy offers.

 

Coles will offer a $10 credit for 2,000 points. Thus 2,000 points is worth $10 which means each point is worth half a cent.

Interestingly this reminded me of a travel technique I once used to convert the money to our currency and it works really well for flybuys. The technique is cover the last two digits (in effect divide by one hundred) and then halve the number.

 

So 500 points, cover the last two digits to give us five, and then halve the number which gives us 2.5. Thus 500 points is worth $2.50.

 

So next time you're at the counter and don't quite reach the $100 and throw in a couple of chocolate bars you didn't previously want just to get the points, you've probably just blown the points on the chocolate bars.

So remember. Cover the last two digits and then halve the number. That's the value of the points in dollars.

Kelvin Eldridge
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