You can transfer American Express Membership Rewards points, Bilt Rewards points and Capital One miles to Qantas Frequent Flyer. Marriott Bonvoy points also transfer at a 3:1 ratio, with a 5,000-point bonus awarded for every 60,000 points transferred.
Bottom line
Booking Emirates first-class award tickets isn’t as easy as it used to be, but there are still a few ways to do so. These days, your best bet is to either book a first-class ticket outright with Qantas Frequent Flyer or book a business-class ticket and upgrade to first class with Emirates Skywards miles. The latter of those options is even available at the airport when checking in for your flight (subject to availability).
Regardless of which way you book, however, be prepared to spend a hefty amount of points and cash, though splurging for this over-the-top product may be worth it under the right circumstances.