Rewards Debit Cards Australia

A debit card that earns rewards can help you to get more value out of your everyday purchases.

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Name Product Contactless Payments Instant Payments ATM Withdrawal Fee Monthly account fee
HSBC Everyday Global Account
Google Pay, Apple Pay
Special offer: $100 cash bonus for new HSBC customers.
Earn 2% cashback on tap and pay purchases, and transfer money overseas online to family or friends and pay $0 International Transfer Fee (save $8). T&Cs apply on all offers.
Enjoy no minimum ongoing balance or transaction requirements and the flexibility to hold up to 10 currencies. Apple Pay and Google Pay available.

Suncorp Everyday Options Account
Google Pay, Apple Pay, Samsung Pay
Osko, PayID
Link up to 9 interest-earning sub accounts.
$0 monthly account keeping fees.
Earn interest on your linked sub accounts to help you save for individual goals, with no account fees to pay. Make contactless payments using Google Pay and Apple Pay.
Bankwest Qantas Transaction Account
Google Pay, Apple Pay, Samsung Pay, Fitbit Pay, Garmin Pay
Osko, PayID
Earn Qantas Points on eligible purchases and on your account balance.
Conditions apply.

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How do I get rewards from my debit card in Australia?

When you open a rewards transaction account with an Australian bank or financial institution, you will be issued a debit card to help with making purchases and withdrawing funds. Your debit card will typically be linked to either the Mastercard or Visa network.

The card is automatically linked to a rewards program – allowing you to earn or redeem the particular reward. For example, you need to use your Citibank debit card at a participating restaurant to get your free bottle of wine.

Bank accounts and debit cards with perks

Debit cardPerks
NAB Classic Banking with Platinum Visa Debit Card
  • Complimentary travel insurance when you spend at least $500 on pre-paid transport, tours, and/or accommodation on your NAB card. Only available to users 90 years or under before departure.
  • Purchase protection insurance, extended warranty insurance, price protection insurance and domestic hotel burglary insurance included (conditions apply).
  • No foreign currency conversion fee on international purchases.
ING Orange Everyday account
  • Receive a rebate on overseas ATM withdrawal fees when you deposit $1,000 per month and make 5+ card purchases a month.
  • $0 international transaction fees.
Bankwest Qantas Transaction account
  • Receive 12 Qantas frequent flyer points for every $100 in your account each month, 5 points for each transaction using the Debit Mastercard and 5 points each time you withdraw cash overseas.
ME Everyday Transaction account
  • When you choose a pink ME debit card, ME Bank will donate one cent to the National Breast Cancer Foundation for each card purchase you make.
Citibank Plus Everyday account
  • $0 foreign ATM fees and $0 fees to send or receive money anywhere in the world.
  • Receive a free bottle of wine through the Citibank Dining Program when you eat out at a participating restaurant and pay using your Citibank debit card.

What types of rewards can I get in Australia?

In order to receive the most value from your transaction account rewards program, it is important that analyse what rewards will benefit you most. These will include such things as:

  • Points to dollar ratio. Check to see how many points you are earning for every dollar that you spend.
  • Bonus points. Some programs will give you bonus points for using your reward debit card while shopping with their partners, or even just having a balance in your account.
  • Cashback offers. Carefully read the terms and conditions to make sure you’re eligible for the cashback. Typically you’ll get 1% back of a purchase amount.
  • Prizes. In some cases you can win prizes for making a transaction too.

What reward is best for me?

Points are typically more beneficial for frequent flyers whereas cashback offers tend to be more beneficial for those who don’t travel much. Many frequent flyer programs let you redeem points from a partner airline. Prizes are an added bonus and can suit any type of rewards recipient.

How do I compare debit cards that offer rewards?

  • Fees. Check to see if you are going to have to pay any monthly or annual fees for the use of your reward debit card.
  • Joint accounts. You can increase your point earning potential if the bank allows additional cards to be issued for the same account.
  • ATM access. Although cash withdrawals are usually not a part of the rewards program, you will still want to be able to easily access funds without having to pay extra fees.
  • Daily limits. Look closely to ensure that you are not limited in how much you can purchase daily using your reward debit card.

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Are there any benefits or drawbacks to using a rewards transaction account?


  • There is usually no annual or monthly fee (if there is, you can usually avoid it). Unlike reward credit cards, reward debit cards generally don't charge a monthly fee, or you can deposit your salary into the account to have the monthly fee waived.
  • Your credit rating doesn't matter. Unlike a credit card, you don’t have to worry about being turned down for a reward debit card due to your credit history.
  • Don't need to worry about accumulating debt. Since the money is being withdrawn from your available funds, you are not accumulating any debt by making purchases with a reward debit card.
  • You earn reward points. Your everyday shopping expenditures will be adding up points towards rewards.


  • You receive an average return. Debit cards typically have a lower earn rate and there are a few restrictions around cash back. It may not necessarily be the best value in terms of redeeming rewards, but at least you're using your own money and avoiding an annual fee.
  • You may need to worry about merchant charges. With some purchases the merchant may charge an additional fee for a debit card transaction.
  • The program may have spending limitations. You are limited with the amount of money you can spend by what is available in your transaction account.
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What are the risks?

Not only is a reward debit card linked to a rewards account, it is also a direct line to the funds available in your transaction account. You should always keep that in mind to avoid the following:

  • Don't get too carried away. Having the same ability to make purchases as you would with a credit card, you could be tempted to spend money on items that you normally wouldn’t.

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    2 Responses

      Default Gravatar
      BrettOctober 14, 2016

      who is now offering the cash back on the debit cards 5% ING , ME , CITYBANK have finished is there any body else currently , thanks

        Avatarfinder Customer Care
        ShirleyOctober 14, 2016Staff

        Hi Brett,

        Thanks for your question.

        To our knowledge, the Australian Military Bank Rewards account offers 2% cash back on purchase (conditions apply). To be eligible, you need to be a member of the bank.

        I hope this has helped.

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