Air Miles Credit Cards - Earn frequent flyer points | finder.com.au

Air Miles Credit Cards

Earn frequent flyer points while spending on your air miles credit card and redeem them for travel rewards with your favourite airline.

Lady and daughter at airport.

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Otherwise known as a frequent flyer credit card, you can use an air miles credit card to earn points as you spend. You can then redeem your points for flights, upgrades, accommodation and more. Air miles credit cards are often packed with perks like airport lounge passes, complimentary insurance and travel credits. You can use this guide to compare air miles credit cards and learn how they could reward your spending.

Compare air miles credit cards

Data updated regularly
Name Product Bonus points Rewards program Rewards points per $ spent Purchase rate Annual fee
Qantas Premier Platinum
100,000
Qantas Frequent Flyer
1
19.99% p.a.
$199 annual fee for the first year ($299 p.a. thereafter)
Get 100,000 bonus Qantas Points when you spend at least $4,000 within the first 3 months. Plus a discounted $199 first-year annual fee.
NAB Qantas Rewards Signature Card
110,000
Qantas Frequent Flyer
1
19.99% p.a.
$295 annual fee for the first year ($395 p.a. thereafter)
Up to 110,000 bonus Qantas Points (90,000 when you spend $3,000 in the first 60 days and 20k after 12 months)
Citi Rewards Card - Velocity Points Offer
100,000
Citi Rewards Program
1
21.49% p.a.
$99 annual fee for the first year ($199 p.a. thereafter)
Enjoy 100,000 bonus Velocity Points when you spend $3,000 in the first 90 days. Plus, complimentary travel and purchase insurance.
ANZ Frequent Flyer Black
120,000
Qantas Frequent Flyer
1
20.24% p.a.
$425
Collect 120,000 bonus Qantas Points and $200 back when you spend $3,000 in the first 3 months. Plus, complimentary lounge passes.
St.George Amplify Platinum - Qantas
60,000
Qantas Frequent Flyer
0.5
19.74% p.a.
$99
Earn 60,000 bonus Qantas Points, plus enjoy 0% p.a. on balance transfers for 15 months with a 1% BT fee.
American Express Explorer Credit Card
90,000
Membership Rewards
2
20.74% p.a.
$395
Get 90,000 bonus Membership Rewards Points and $300 back when you spend $3,000 on your new card in the first 3 months.
American Express Qantas Business Rewards Card
120,000
Qantas Business Rewards
1.25
N/A
$450
ABN holders w/ $75,000 revenue. Get 120,000 bonus Qantas Points, 2 yearly Qantas Club lounge passes and 3x points on eligible Qantas flights.
Westpac Altitude Platinum Qantas
60,000
Qantas Frequent Flyer
0.5
20.49% p.a.
$149 annual fee for the first year ($200 p.a. thereafter)
Get 60,000 bonus Qantas Points when you spend $3,000 within 90 days. Plus, a first-year annual fee discount and a 0% balance transfer offer.
NAB Rewards Business Signature Card
100,000
NAB Rewards
1.25
18.5% p.a.
$175
Earn 100,000 bonus points when you spend $4,000 on everyday business purchases in the first 60 days of account opening. ABN required.
Bank of Melbourne Amplify Platinum - Qantas
60,000
Qantas Frequent Flyer
0.5
19.74% p.a.
$99
Get 60,000 bonus Qantas Points when you spend $3,000 within the first 90 days.
Virgin Australia Velocity Flyer Card - Balance Transfer Offer
N/A
Velocity Frequent Flyer
0.66
20.74% p.a.
$64 annual fee for the first year ($129 p.a. thereafter)
Get 0% p.a. for 26 months on balance transfers and a reduced first-year annual fee. Plus, $129 Virgin Australia Gift Voucher per year.
Qantas American Express Ultimate Card
55,000
Qantas Frequent Flyer
1.25
20.74% p.a.
$450
Receive 55,000 bonus Qantas Points when you spend $3,000 within the first 3 months. Plus, a $450 Qantas Travel Credit each year.
American Express Velocity Platinum Card
50,000
Velocity Frequent Flyer
1.25
20.74% p.a.
$375
Get 50,000 bonus Velocity Points when you spend $3,000 for the first 3 months. Plus, 100 Status Credits and luxury travel perks.
BankSA Amplify Platinum - Qantas
60,000
Qantas Frequent Flyer
0.5
19.74% p.a.
$99
Receive 60,000 bonus Qantas Points when you spend $3,000 within the first 90 days from card approval.
Qantas American Express Premium Card
30,000
Qantas Frequent Flyer
1
20.74% p.a.
$249
Enjoy 30,000 bonus Qantas Points, 2 complimentary Qantas Club lounge invitations per year and the protection of complimentary insurance covers.
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How do air miles credit cards work?

Air miles credit cards earn frequent flyer points as you charge purchases to your card. You can typically earn 0.5 to 2 frequent flyer points for each $1 spent on eligible purchases. The number of points you earn per dollar, otherwise known as your earn rate, differs among credit cards. It can differ among transaction types too. For example, a credit card could let you earn 1 point per $1 on eligible purchases, but only 0.5 points per $1 spent on BPAY transactions. These points accumulate in your frequent flyer account, which you can then spend on travel and other rewards.

As well as direct frequent flyer credit cards that earn points with one program, some rewards credit cards also allow you to transfer your points to several partnered frequent flyer programs (otherwise known as indirect earn cards). This type of card could work for you if you belong to more than one frequent flyer program or if your preferred airline loyalty scheme isn't directly linked with a credit card in Australia.

How to compare air miles credit cards

If you're interested in getting one, consider these factors when shopping for your new air miles credit card:

  • Bonus points offers. These cards often reward new customers with thousands of bonus points when they sign up. You may need to meet a spend requirement (such as spending $3,000 in the first 90 days) to earn the bonus points. As long as it lines up with your budget, these bonus points offers are an easy way to earn a lot of points quickly.
  • Earn rate. The earn rate will determine how fast you can get your next reward. Note that credit cards with higher earn rates also usually come with higher annual fees and interest rates, so you should weigh these up when deciding.
  • Points cap. Some cards impose a cap on the points you can earn each month. For example, you may earn 1 point per $1 spent up to $5,000 per statement and 1 point per $2 spent subsequently. Consider how much you're likely to spend each month and whether the points cap will restrict how many points you could earn.
  • Annual fee. The rewards and perks usually come at the cost of a high annual fee. Make sure that the rewards you can redeem with your points and the value of the card's extra features offset this annual fee.
  • Interest rates. Air miles credit cards often charge higher purchase interest rates than other cards. These cards are best suited to people who can pay off their balance in full and avoid interest each month.
  • Card perks. Air miles credit cards can come with a variety of complimentary benefits such as free travel insurance, airport lounge access, airport limousine services and personal concierge services.

How to redeem your air miles

You can usually redeem your points online or over the phone for flights, travel packages, gift vouchers and more.

  • Flights. You can redeem your points for flights with the relevant airline and its partners. If you have a flight booking, you may be able to use your points to upgrade your flight to a higher flight class.
  • Hotels, car rental and travel packages. You can often use your points to pay for accommodation with partnered hotels, car rental and travel packages that include flights, hotels and activities.
  • Products from the rewards store. Use your points to shop at the online store, with rewards ranging from clothing, jewellery, homewares, electronics and toys.
  • Shopping and gift vouchers. Most frequent flyer programs have large retail partners, so you can exchange your points for store vouchers either to be used online or at their bricks-and-mortar outlets.

As a general rule, always make sure your air miles credit card gives you more value than it costs. A simple way to calculate this is by adding up the value of rewards you’d receive in a year and comparing that with the fees. While air miles credit cards may be rewarding for some people, they’re not for everyone. Consider your spending habits, lifestyle and rewards goals before deciding if an air miles credit card is right for you.

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