Ansett Global Rewards
I had around 35k frequent flier points in Ansett’s Global Rewards Program when it went bust. There’s now a way to redeem them, at the Triple A Club. The catch is, you need to spend $1 to claim back 1 frequent flier point. In effect, to claim back 30,000 global rewards points, you need to spend $30,000 (which will net a total of 60,000 Triple A points under the gold scheme). Triple A points convert back to their value in cents. So, spend $30,000, get back $600 in rewards. Not a terrific incentive.