Decades of business trips, upgrades and card spending can leave even the most frequent of flyers sitting on a point balance that refuses to shrink. For many older Australians who built loyalty accounts over a working life, the problem is no longer earning enough points. It is working out what to do with the ones already banked.

Most people have already tried the obvious moves. Booking the top cabin on every trip, upgrading a family member, gifting flights to adult children. Yet even then, the numbers keep climbing, especially for those who hold high-tier status and still travel regularly.

Qantas and Velocity make sharing straightforward, letting members pass flights and upgrades straight to family. Qatar Airways Privilege Club and Singapore Airlines’ KrisFlyer also allow point sharing, though both require nominating a short list of contacts in advance, and swapping that list around later is far from flexible.

Hotel loyalty schemes offer another outlet, particularly for those holding credit cards with transferable rewards. American Express Membership Rewards points, for example, can be converted into programs such as Accor Live Limitless and Hilton Honors, turning a stalled airline balance into free nights or room upgrades instead.

For those whose balances have grown beyond what family flights and hotel stays can absorb, the real value now sits with high-tier loyalty programs, which increasingly trade points for experiences money cannot simply buy. A VIP pass to a Formula 1 grand prix is the kind of reward now within reach for members who have built up status over years of flying rather than just points.

It is a reminder that loyalty built up over a lifetime of travel need not end at another upgraded seat. Sometimes the biggest reward for decades of frequent flying is a day at the track rather than another flight at all.