Best frequent flyer and rewards credit cards April 2017
Earn up to 100,000 bonus points and compare some of the most competitive earn rates across Qantas, Velocity and Rewards credit cards this month.
If you caught last month’s roundup of the best frequent flyer and rewards credit card, you might notice a few familiar winners in the April lineup. While the best card to earn points will vary from person to person, we generally pick our top candidates based on the bonus points offers available. As the bonus points offers haven’t shifted too much in the last month, you’ll see some cards gracing our humble roundup for the second month in a row.
As usual, we’ve divided our roundup by the most competitive bonus points offers for Qantas, Velocity and credit card rewards points chasers.
Read on to compare some of the best frequent flyer and rewards credit cards on the market this month and discover how you can give your points balance a boost on everyday purchases.
Best Qantas Frequent Flyer credit card
- Qantas American Express Ultimate card
- Bonus points. 75,000 bonus Qantas Points when you apply by 1 May 2017 and spend at least $1,500 in the first three months.
- Earn rate. 1.5 Qantas Points per $1 spent on eligible purchases, 1 Qantas Point for every $1 spent on Qantas products and services and 0.5 Qantas Points per dollar spent on government purchases.
- Annual fee. $450 p.a.
The Qantas American Express Ultimate Card has come out on top of the ever-competitive Qantas Frequent Flyer credit card market for the second month in a row. It still offers 75,000 bonus points when you meet the spend requirement, which is the highest bonus Qantas Points offer on the market. Plus, when you apply for the card by 1 May 2017, you’ll receive a bonus 75 Status Credits. You just need to use the card to book any return Qantas flight and complete your travel by 30 September 2017 to qualify for the credits. This, and the ANZ Frequent Flyer Black card, is the only card that lets you earn Status Credits as well as points with your credit card. You can also collect up to 1.5 Qantas Point per $1 spent on eligible purchases, although there are tiered earn rates depending on the type of transaction. However, these points aren’t capped or restricted by an expiration date.
The card comes with other travel-centric features like complimentary travel insurance and one complimentary domestic return flight with Qantas every year. Cardholders can also relax in style before their next flight with two entries to the American Express Lounge at Sydney International Airport each year.
These features come at the cost of a relatively high annual fee of $450 p.a. and the standard purchase rate of 20.74% p.a.
- Honourable mention: ANZ Frequent Flyer Black credit card
The ANZ Frequent Flyer Black offers 75,000 bonus Qantas Points when you spend $2,500 in the first three months, 75 Bonus Status Credits when you apply by 30 June 2017, then book and travel on a return flight with Qantas by 30 September 2017. The card has an annual fee of $425 and a purchase rate of 19.99% p.a.
Best Velocity Frequent Flyer credit card
- American Express Velocity Platinum card
- Bonus points. 50,000 Velocity Points if you apply online and spend $1,500 within the first 3 months of card approval.
- Earn rate. 3 points per $1 spent with Virgin Australia and partner restaurants in Australia; 2 points per $1 on airlines, accommodation, major cruise and tour operators and for spending in foreign currency; 0.5 point per $1 on utilities, telecommunications companies, non-American Express provided insurance and government bodies and 1 point per $1 on everything else.
- Annual fee. $349 p.a.
American Express also beats out the Velocity competition with the highest bonus points offer on the market on the American Express Velocity Platinum card. When you spend $1,500 within the first three months of approval, you’ll collect a bonus 50,000 Velocity Points. It also offers one of the highest earn rate structures for a Velocity frequent flyer credit card on the market. It has a tiered earn rate system that offers up to 3 points per $1 spent with Virgin Australia and partnered restaurants and 1 point per $1 on other eligible purchases.
The frequent flyer perks keep coming with annual complimentary domestic return flights with Virgin Australia and two single entry passes to Virgin Australia lounge passes. You can also cut back on holiday costs with discount business class companion fares and complimentary international travel insurance.
These features come at a cost of the high annual fee of $349 and a standard purchase interest rate of 20.74% p.a.
- Honourable mention: Virgin Australia Velocity High Flyer card
The Velocity High Flyer card has bolstered its bonus points offer to up to 30,000 Velocity Points. You’ll receive up 10,000 Velocity Points when you spend $3,000 each statement period in the first three months, meaning you could collect a total of 30,000 Velocity Points during the promotional period. The card also offers 1 Velocity Point per $1 spent for an annual fee of $144 for the first year ($289 p.a. thereafter).
Best rewards credit card
- American Express Explorer credit card
- Bonus points. 100,000 bonus Membership Rewards when apply by 15 May 2017 and spend $1,500 within the first three months.
- Earn rate. 2 Membership Rewards points per $1 spent on eligible purchases and 0.5 Membership Rewards per $1 spent on government transactions.
- Annual fee. $395 p.a.
The American Express Explorer Credit Card has moved from runner-up to first place with the relaunch of its 100,000 Membership Rewards bonus points offer this month. Cardholders have to spend $1,500 within the first three months to get the points but will continue to earn up to 2 Membership Rewards per $1 spent on all other eligible programs.
Designed to suit frequent flyers, cardholders can also look forward to annual benefits of $400 travel voucher, complimentary airline lounge passes to the American Express Lounge at Sydney International airport and complimentary international travel insurances. This card comes with an annual fee of $395 which is easily outweighed by the extra features and annual travel voucher. Purchases will collect 20.74% p.a., so it’s best to use this card if you regularly repay your balance in full.
- Honourable mention: NAB Rewards Platinum card
The NAB Rewards Platinum Card has slipped from first place this month but continues to offer a competitive 80,000 NAB Rewards when you spend $2,500 in the first 90 days. You’ll also collect up to 3 NAB Rewards points per $1 spent for an annual fee of $0 for the first year and $195 p.a. thereafter.
Each of these frequent flyer and rewards credit cards boast their own unique perks, but you should expand your comparison using our frequent flyer and rewards credit card guides to find the right card for you. As well as the bonus points and earn rates, consider the extra features and fees to ensure that the potential of your rewards outweigh the cost of the card.
Compare the best frequent flyer and rewards credit cards for April 2017