Rewards Credit Cards | Compare Bonuses & Earn Rates Etc.

Rewards Credit Cards

Earn points as you spend to get free flights, upgrades, free gifts, shopping vouchers, cash back and more with rewards cards.

Receive 80,000 bonus Velocity points (terms and conditions apply).
Level up your tier by earning 50 Velocity Status credits (conditions apply).
Enjoy two (2) Virgin Australia Lounge passes per anniversary year.

A rewards credit card gives users something extra for spending money they would have spent anyway. Competition among banks means there are many such cards to choose from. Of course, for something extra, the banks also expect something in return.

The types of rewards include points per dollar spent that can be redeemed for flights, hotel stays, merchandise, gift cards and cash back. The cards vary in what they offer, and you should consider your habits when deciding on the right one. If you don’t travel often, for example, there is little point in getting a card that awards points toward miles on a particular airline. In addition, the value of award points can be deceiving: even if you do get 2 points per $1 spent on a certain credit card, you may need three times as many points for, say, a flight, than on a card that only awards one-for-one. The best way to understand what you get is through maths: calculate the worth of each point in dollar terms. And keep in mind that plenty of reward programs, particularly the ones that sound too good to be true, are actually betting that consumers will not redeem the rewards at all because of cumbersome restrictions they impose on redemption. Then there’s the fine print – on some cards, points will expire due to inactivity, for example.

Banks do consider rewards programs an added feature, so the annual fee and the purchase rate on a rewards card could both be higher than on a standard card. But with the variety of rewards programs and constant competition, there is probably a card that will suit you. Many cards listed in this table also offer sign-up bonus points, some offer programs that can be redeemed on any airline, and a few have added benefits for travellers, such as complimentary travel insurance. If there is something you are looking for in particular, the Smart Search tool can help you winnow your choices down.

My monthly spend: 
$5,000
 
Reward programs: 
All reward programs
Features: 
All features
Types: 
All types
rewards program
earn rate
sign up bonus
Points earned
Qantas Premier Platinum Credit Card
Apply by 31 oct 19
Receive up to 120,000 bonus Qantas Points when you spend at least $1,500 each month for the first 6 months.
Reduced annual fee of $199 p.a. in the first year ($299 p.a. thereafter).
0% p.a. for 18 months on balance transfers.
More info
Add to comparison
Qantas Frequent Flyer
Qantas Frequent Flyer
1 pt
per $1 spent
up to $10,000
then 0.5 pts
per statement period
More info
120,000
points
after spend criteria
Virgin Australia Velocity Flyer Credit Card Points Offer
Apply by 31 aug 19
Receive 75,000 bonus Velocity Points when you apply by 31 August 2019, are approved and spend $1,500 per month on eligible transactions in the first 3 months.
Save money with 0% p.a. for 18 months on balance transfers (Reverts to cash advance rate. No interest free days apply while you have a BT).
$129 Virgin Australia Gift Voucher which cardholders get each year.
More info
Add to comparison
Velocity Frequent Flyer
Velocity Frequent Flyer
-
75,000
points
after spend criteria
NAB Qantas Rewards Signature Card
90,000 Qantas Points when you spend $4,000 on everyday purchases in 60 days.
Seven complimentary insurances when you make an eligible purchase.
Reduced Annual Card Fee of $295 in first year (reverts to $395 after first year).
More info
Add to comparison
Qantas Frequent Flyer
Qantas Frequent Flyer
1 pt
per $1 spent capped
90,000
points
after spend criteria
NEW
American Express Westpac Altitude Black Credit Card Bundle® Credit Card Compare Exclusive Offer (Altitude)
Apply by 12 aug 19
EXCLUSIVE OFFER: Earn up to 160,000 bonus Altitude Points when you apply for the two-card bundle issued by Westpac and Amex until 12 August 2019 (Conditions Apply).
Earn up to 5 Altitude points per $1 spent on eligible overseas purchases. (Amex).
Earn 1.25 Altitude Point per $1 spent on eligible purchases. (Westpac).
New cards only.
More info
Add to comparison
Altitude Rewards
Altitude Rewards
3 pts
per $1 spent
160,000
points
after spend criteria
Westpac Altitude Black Credit Card
Apply by 15 oct 19
39 reviews
80,000 bonus Qantas or Altitude points when you spend $4,000 on eligible purchases within 90 days of card approval. Exclusions apply. Qantas rewards fee applies.
2 complimentary passes per year to use at over 700 VIP Priority Pass airport lounges worldwide.
24/7 Altitude Black Card Priority Service line.
More info
Add to comparison
Altitude RewardsQantas Frequent Flyer
Altitude Rewards or Qantas Frequent Flyer
1.25 pts
per $1 spent
80,000
points
after spend criteria
Get 55,000 points bonus Qantas Points when you apply online, are approved and spend $3,000 on your new Card within the first 3 months.
Earn 1.25 Qantas Points for every $1 spent on Card purchases, except spend at government bodies in Australia where you will earn 0.5 Qantas Points per $1 spent.
$450 Qantas Travel Credit each year. (Conditions Apply)
More info
Add to comparison
Qantas Frequent Flyer
Qantas Frequent Flyer
1.25 pts
per $1 spent
55,000
points
after spend criteria
Qantas Premier Everyday Credit Card
Apply by 31 oct 19
Receive up to 42,000 bonus Qantas Points when you spend at least $1,000 each month for the first 6 months.
Reduced annual fee of $29 p.a. in the first year ($49 p.a. thereafter).
0% p.a. for 12 months on balance transfers.
More info
Add to comparison
Qantas Frequent Flyer
Qantas Frequent Flyer
0.75 pts
per $1 spent
up to $3,000
then 0.4 pts
per statement period
More info
42,000
points
after spend criteria
Westpac Altitude Black Credit Card (Velocity)
Apply by 15 oct 19
Receive 80,000 bonus Velocity points (terms and conditions apply).
Level up your tier by earning 50 Velocity Status credits (conditions apply).
Enjoy two (2) Virgin Australia Lounge passes per anniversary year.
More info
Add to comparison
Velocity Frequent Flyer
Velocity Frequent Flyer
-
80,000
points
after spend criteria
Get 50,000 Membership Rewards points when you apply online, are approved and spend $3,000 in the first 3 months.
Receive a $400 Travel Credit each year towards any flights, hotels and car hire when you book online with this card.
T&Cs and eligibility criteria apply. Available to new card members only.
More info
Add to comparison
Membership Rewards Gateway
Membership Rewards Gateway
2 pts
per $1 spent
50,000
points
after spend criteria
Transfers to 25,000
Velocity points
Bankwest Qantas Platinum Mastercard
Apply by 31 aug 19
4 reviews
Receive 50,000 bonus Qantas Points when you apply by 31 August 2019, are approved and spend $3,000 on eligible purchases for the first 3 months. This offer is available to new Card Members only.
$80 p.a. annual fee for the first year. ($160 p.a. thereafter)
2.99% p.a. on balance transfers for 9 months.
Terms and conditions apply.
More info
Add to comparison
Qantas Frequent Flyer
Qantas Frequent Flyer
-
50,000
points
after spend criteria
American Express Platinum Card
Apply by 28 aug 19
16 reviews
Receive up to 150,000 Membership Rewards points when you apply by 28 August 2019, are approved and spend $1,500 every month for the first 3 months.
Receive a $450 Platinum Travel Credit each year, which can be redeemed for flights, hotels or car hire.
Complimentary access for you and a guest to over 1,200 Airport lounges across 130 countries.
More info
Add to comparison
Membership Rewards Ascent Premium
Membership Rewards Ascent Premium
2.25 pts
per $1 spent
150,000
points
after spend criteria
Transfers to 150,000
Velocity points
Show more cards

Rewarding bonus points up to 100,000 Amplify points!

Terms and conditions apply
St.George Amplify Platinum Credit Card (Amplify)
4 reviews
Earn up to 100,000 bonus Amplify Points over two years when you spend $6,000 each year on eligible purchases for two years from card approval. Exclusions apply.
No cap on the number of points you can earn.
International travel insurance for trips up to 3 months for you and your family. The cover includes medical expenses, unexpected trip cancellation, and rental vehicle excess.
24/7 Visa Concierge service to help you make bookings.

Q&As about Rewards Credit Cards from customers

Q: Is this the right card for me?

If you travel a lot, for business or pleasure, you’ll be spending enough on flights and hotels and other things to earn good points toward more flights and hotel stays. Keep in mind that not all reward points programs give you the option of redeeming points for travel, but most do. On the other hand, if you’re spending more than, say, $2,000 per month, you’ll be able to earn good points whether you travel or not. If you don’t use a credit card often, you won’t be earning many points unless you’re happy to change your lifestyle and use your credit card for everything, making sure you pay back the balance on time each month of course.

Q: Am I eligible to get one?

To qualify, you’ll need to be over 18 and an Australian resident. If you have a poor credit rating, or your income is very low, you might have trouble getting approval for a new rewards credit card and the rejection could damage your credit rating, so be careful.

Q: What types of rewards are available?

There are a host of programs with which you can redeem your points for flights. Make sure you check whether they’re just redeemable with specific airlines, like Qantas or Virgin, or whether you can choose between a good selection of reputable airlines.

Other cards allow you to redeem points for things like hotel stays. Sometimes you have to book through certain partner travel agencies or with certain hotel brands, so check to see how much freedom you actually have. If you’re a traveler, you might also want to check if you get complimentary travel insurance included in the features of the card.

If travel isn’t your thing, you’ll be looking for other ways to redeem points. Many programs have online stores where you can purchase a range of products and merchandise – everything from watches, to technical gadgets, to cologne. Have a look at the store before you sign up and make sure they sell things you’d actually want or need and that items are a good deal.

Fourthly, you can redeem points for gift cards or cash back. Sometimes it is more efficient to do one rather than the other so you want to read the fine print.

Q: How can you tell a good rewards program from a bad one?

There are several factors to consider:

Points are not equal across programs: You usually earn 1 point per $1 spent, but sometimes this goes as high as 3 points. But a point with one program is not equivalent to a point with another program – it depends on what those points actually buy.

Points capping, points expiration: Most programs limit the amount of points you can earn in, say, a year. For the big spender particularly, this can be limiting and frustrating. Secondly, some points expire. This is a frustration for the lower spender who might take a while to build up enough points to get anything of real value. Both capping and expiry information will be found in the small print of the program.

Annual fees and interest rates – You should see whether there are annual or start up fees involved in signing up for the reward program and for the credit card. In addition, rewards points credit cards often come with both higher fees and interest rates.

Flexibility – Some cards only allow points for flights on one airline; others allow users to exchange them for flights on several airlines, or redeem them for cash back, merchandise or gift certificates.

Ease of points redemption – Unfortunately, some companies make it quite difficult to redeem points in the hope that people won’t bother. You might have to squint through the depths of the fine print to find out how on earth to get something back for your points. Look for a rewards points program that makes redemption simple and straight forward. Some even offer automated redemption, where cash back goes straight into your account at the end of the month based on the points you’ve earned.

Bonus points – As an introductory offer, many reward credit cards will offer you the opportunity to earn bonus points. Sometimes to get them you have to spend a lot of money or shop in a particular store.

Q: Do balance transfers and cash advances earn reward points?

They do not. And, in fact, a rewards credit card may have higher interest rates on these transactions than a regular card.

More comparisons like this one

Rewards Credit Cards
Altitude Rewards Credit Cards
Amplify Rewards Credit Cards
ANZ Rewards Credit Cards
Black Credit Cards
Citi Rewards Credit Cards
Credit Cards that earn Rewards on ATO Payments
Gold Credit Cards
Gold, Platinum & Black Credit Cards
Hotel Credit Cards
Membership Rewards Credit Cards
Platinum Credit Cards
Priority Pass Credit Cards
Sign Up Bonus Credit Cards
Store Credit Cards
Featured in
Credit Card Compare helped me get to what I wanted in no time, while offering additional information that was important. Thank you! I can truly recommend your website to anyone needing info on finding a good credit card.
- Rita, QLD
Absolutely love this site... it's the best and most updated going. Instant online chat and advice. Thanks!
- S. Hucker, NSW
I used Credit Card Compare when I was looking for a new credit card and am so happy I did.
- T. Davidson, WA
Really great service! Answers were prompt, easy to read and understand. Made my decision much easier. Thank you Credit Card Compare!
- Narelle, QLD
I used Credit Card Compare today for the first time and I would recommend the website to anyone looking for credit card comparison. The customer service provided was quick and they understood what I wanted. Thank you!
- Irene, WA
Connecting millions of people with credit cards since 2008
Compare these cards: