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.

Earn up to 75,000 bonus Velocity Points (Spend Conditions Apply).
Save money with 0% p.a. for 18 months on balance transfers. (reverts to cash advance rate)
$129 Virgin Australia Gift Voucher which cardholders get each 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: 
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Types: 
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rewards program
earn rate
sign up bonus
Points earned
NEW
Woolworths Everyday Platinum Credit Card Shopping Offer
Apply by 30 jun 19
Credit Card Compare Exclusive: Bonus 5,000 points after your first eligible purchase.
Every month you’ll get 10% off your first shop at Woolworths on selected dates – Saving you up to $50 every month.
Low $49 annual fee ongoing.
More info
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Shopping Card Points
Shopping card points
1 pt
per $1 spent
5,000
points
after spend criteria
Qantas Premier Platinum Credit Card
Apply by 30 may 19
Receive 100,000 bonus Qantas Points (Spend Conditions Apply).
0% p.a. for 18 months on balance transfers.
Reduced annual fee of $149 p.a. in the first year ($299 p.a. thereafter).
More info
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Qantas Frequent Flyer
Qantas Frequent Flyer
1 pt
per $1 spent
up to $10,000
then 0.5 pts
per statement period
More info
100,000
points
after spend criteria
American Express Velocity Platinum Credit Card
Apply by 19 jun 19
9 reviews
Receive up to 100,000 bonus Velocity Points when you apply by 19 June 2019, are approved and spend $1,000 every month for the first 4 months. This offer is available to new Card Members only.
Earn 1.25 Velocity Points per $1 spent, except government bodies where you will earn 0.5 Velocity Points per $1 spent.
A complimentary domestic return flight every year with travel insurance and entry into Virgin Australia Lounges.
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Velocity Frequent Flyer
Velocity Frequent Flyer
1.25 pts
per $1 spent
100,000
points
after spend criteria
Virgin Australia Velocity Flyer Credit Card Points Offer
Apply by 30 jun 19
Earn up to 75,000 bonus Velocity Points (Spend Conditions Apply).
Save money with 0% p.a. for 18 months on balance transfers. (reverts to cash advance rate)
$129 Virgin Australia Gift Voucher which cardholders get each year.
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Velocity Frequent Flyer
Velocity Frequent Flyer
0.66 pt
per $1 spent capped
75,000
points
after spend criteria
American Express Explorer® Credit Card
Apply by 18 jun 19
5 reviews
American Express Vivid Sydney Offer: Get 100,000 bonus Membership Rewards points when you apply online, are approved and spend $1,500 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.
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Membership Rewards Gateway
Membership Rewards Gateway
2 pts
per $1 spent
100,000
points
after spend criteria
Transfers to 50,000
Velocity points
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).
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Qantas Frequent Flyer
Qantas Frequent Flyer
1 pt
per $1 spent capped
90,000
points
after spend criteria
Coles Rewards Mastercard
Apply by 30 jun 19
75 reviews
0% p.a. on balance transfers for 24 months (1.5% BT fee applies. Reverts to Cash Advance rate) if you apply by 30 June 2019.
Collect 2 points per $1 on eligible spend – that’s on top of the usual flybuys points from other partners.
Save $10 instantly at the checkout when you redeem 2,000 flybuys points.
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flybuys
flybuys
2 pts
per $1 spent capped
-
NEW
Woolworths Everyday Platinum Credit Card Balance Transfer Offer
Apply by 30 jun 19
Credit Card Compare Exclusive: 0% p.a. on balance transfers for 14 months and then 21.99% p.a.
Bonus 5,000 points after your first eligible purchase.
Low $49 annual fee ongoing.
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Shopping Card Points
Shopping card points
1 pt
per $1 spent
5,000
points
after spend criteria
Latitude Infinity Rewards Card
Unlimited points that never expire.
Earn 1 pt per $1 spent.
Minimum credit limit of $1,000.
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Latitude Infinity Rewards
1 pt
per $1 spent
-
Suncorp Clear Options Platinum Credit Card
Apply by 30 jun 19
4 reviews
ONLINEEXCLUSIVE
Receive up to 60,000 Bonus Reward Points when you spend $1,500 each month for six months from card approval (This offer is not available on the Qantas Frequent Flyer Rewards Program).
0% p.a. on balance transfers for 18 months..
$49 annual fee for the first year.
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Qantas Frequent FlyerSuncorp Rewards
Suncorp Rewards or Qantas Frequent Flyer
1.25 pts
per $1 spent capped
60,000
points
St.George Amplify Signature Credit Card (Amplify)
Apply by 22 may 19
5 reviews
Earn up to 200,000 Bonus Amplify Rewards Points over 2 years when you spend $12,000 on eligible purchases each year.
Boost your Amplify account with 1.5 points per $1 you spend.
Reduced annual fee of $179 in the first year, currently saving you $100.
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Amplify QantasAmplify Rewards
Amplify Qantas or Amplify Rewards
1.5 pts
per $1 spent
200,000
points
after spend criteria
Show more cards

Receive 200,000 Bonus Points!

Spend conditions apply.
St.George Amplify Signature Credit Card (Amplify)
5 reviews
Earn up to 200,000 Bonus Amplify Rewards Points over 2 years when you spend $12,000 on eligible purchases each year.
Receive a birthday points bonus of 10% of the points earned in the last 12 months.
Boost your Amplify account with 1.5 points per $1 you spend.
Reduced annual fee of $179 in the first year, currently saving you $100.

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.

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