Best frequent flyer and rewards credit cards August 2017

Sally McMullen 11 August 2017

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Get up to 100,000 bonus points with the most competitive frequent flyer and rewards credit card offers this month.

As always, there’s no one best credit card for all users and the right card for you will depend on your financial situation, spending habits and rewards goals. So instead, this roundup is based on the cards available through finder with the highest bonus points offers. If you’d like a broader comparison, you can use our rewards and frequent flyer credit card guides to compare more options. To cater for different types of points collectors, we’ve narrowed down these categories to cards that earn Qantas Points, Velocity Points and credit card reward points.

Now go forth and earn points! (Note: rates and fees correct at time of publication.)

Best card for Qantas Frequent Flyer points

If you’re chasing Qantas Points, check out these two card offers for the highest bonus points offers.

  • Qantas American Express Ultimate cardQantas-Amex-Ultimate250x160
  • Bonus points. 100,000 bonus points.
  • Earn rates. 1.5 Qantas Points per $1.
  • Annual fee. $450 p.a.
  • Offer end date. 2 October 2017.

If you caught last month’s roundup, you’ve probably noticed that our two Qantas picks haven’t been pushed off their perch this month. So, the Qantas American Express Ultimate card and its 100,000 bonus Qantas Points offer still tops this month’s roundup. The offer is only available to new cardholders who spend $1,500 in the first three months. That’s enough points for a business flight from Sydney to Los Angeles (95,000 points).

Qantas Points chasers can also earn 1.5 Qantas Points per $1 spent on eligible purchases and 0.5 Qantas Points per dollar spent on government transactions. Plus, if you use the card to make a purchase with Qantas, you’ll earn an extra 1 Qantas Point per $1 spent.

As a frequent flyer product, you can also expect plenty of perks to suit high flyers. Once you use the card within Australia, you’ll receive a complimentary domestic return economy flight ticket from Qantas every year. Cardholders can also take advantage of two entries to the American Express Lounge at Sydney International Airport each year. Amex also has plans to open a lounge in Melbourne in November 2017, giving your passes a little extra flexibility. You can also save on travel costs with complimentary international travel insurance.

The card has an annual fee of $450 and a purchase rate of 20.74% p.a., so make sure you’ve confirmed that the benefits outweigh the costs before you apply.

  • Runner up: Westpac Altitude Black - Qantas

The Westpac Altitude Black has the second highest offer of 80,000 Qantas Points when you spend $5,000 in the first three months. As a dual card, you’ll earn 0.625 Qantas Points per $1 spent on the Mastercard and 1.25 Qantas Points per $1 on the Amex card. This card also offers two complimentary American Express lounge passes and two Qantas Club Lounge invitations per year. These perks come at a reduced annual fee of $195 p.a. in the first year ($395 p.a. thereafter).

Best card for Velocity Frequent Flyer points

  • Virgin Australia Velocity High Flyer card
    virgin-high-flyer250x158
  • Bonus points. 80,000 bonus points.
  • Earn rate. Earn up to 1 Velocity point per $1 spent on eligible transactions up to $8,000 and then 0.5 Velocity Points per dollar spent thereafter (uncapped).
  • Annual fee. $289 p.a.
  • Offer end date. 31 October 2017

The Virgin Australia Velocity High Flyer card has moved up to take the top spot in this month’s Velocity category.

The bonus points terms and conditions aren’t as straightforward as some other offers on the market, though. Once you’ve activated your card, you can receive 16,000 bonus points every month you spend at least $3,000 on retail purchases in the first five months. So, this means you have the potential to earn up to a total of 80,000 bonus Velocity Points if you meet the spend requirements.

You’ll also earn 1 Velocity Point per $1 spent on eligible transactions up to $8,000 per month and then 0.5 Velocity Points per dollar spent thereafter (uncapped).

Designed to suit frequent flyers, cardholders will also receive complimentary travel insurance, two complimentary single entry passes to Virgin Australia each year and an annual complimentary $129 Virgin Australia gift voucher. To receive the flight voucher, you need to make an eligible purchase on your card within two months of requesting the gift card.

The card comes with an annual fee of  $289 p.a. and a purchase rate of 20.74% p.a. Make sure these costs and the bonus points spend requirements align with your budget and don’t outweigh the value of the rewards before applying.

  • Runner up: American Express Velocity Platinum card

After lowering its 100,000 bonus points offer, the American Express Velocity Platinum card has dropped into the runner-up spot this month. If you spend $1,500 within the first three months, you’ll receive 50,000 Velocity Points. This is a smaller bonus points offer, but you also have to spend considerably less to earn the points which could work better depending on your budget.

The card also offers 1.5 Velocity Points per $1 spent on eligible purchases and an additional Velocity Point per dollar spent with Virgin Australia. You’ll also receive two single entry passes to Virgin Australia lounges and the American Express Lounges at Sydney (and Melbourne come November). Once you’ve made your first eligible purchase each year, you’ll also receive a complimentary Virgin Australia domestic return flight. These perks come at the cost of a $375 p.a. annual fee.

Best card for credit card rewards

  • American Express Explorer credit cardamex-explorer250x158
  • Bonus points. 100,000 Membership Rewards.
  • Earn rate. 2 Membership rewards per $1.
  • Annual fee. $395 p.a.
  • Offer end date. 2 October 2017.

If you prefer the flexibility of credit card rewards, the American Express Explorer credit card currently boasts the highest bonus points offer among the credit card rewards programs. When you apply by 2 October 2017 and spend $1,500 in the first three months, you’ll receive 100,000 Membership Rewards. You can use these points to pay for purchases, make purchases with partners such as David Jones and exchange for frequent flyer points with loyalty programs including Velocity, Asia Miles and Etihad Guest.

You’ll also earn 2 Membership Rewards per $1 spent on eligible purchases and 0.5 points per $1 spent on government purchases. Cardholders will also receive a $400 travel credit to redeem for flights and other travel costs through American Express Travel. Cardholders will also receive two complimentary passes to the American Express Lounge each year as well as complimentary travel insurance.

The card has an annual fee of $395 p.a. and a purchase rate of 20.74% p.a., so you should make sure the benefits offset the annual fee and aim to pay your balance in full each month.

  • Runner up: ANZ Rewards Black credit card

The ANZ Rewards Black card offers 75,000 ANZ Rewards points to cardholders who spend $2,500 on eligible purchases within the first three months. It also offers 2 ANZ Rewards Points per $1 spent on eligible purchases up to $5,000 per statement period and 1 ANZ Rewards Point per dollar spent thereafter. You can use your points to redeem rewards via the ANZ Rewards store or exchange them for frequent flyer points with Velocity, Airpoints, KrisFlyer and Asia Miles.

The card also offers complimentary insurance, a personal 24/7 concierge and unlimited access to participating Véloce airport lounges outside of Australia. The card has an annual fee of $0 for the first year and $375 after that.


While these cards have some of the most competitive offers available through finder, you should base your comparison on more than just bonus points. Make sure to compare a few options based on the rewards, features and costs of the card before deciding which frequent flyer or rewards credit card is right for you.

Compare the best frequent flyer and reward credit cards

Rates last updated August 22nd, 2017
Name Product Bonus Points Rewards Points per $ spent (VISA/MC) Rewards Points per $ spent (AMEX) Purchase rate (p.a.) Annual fee Product Description
Qantas American Express Ultimate Card
100,000 bonus points
1.5
20.74% p.a.
$450 p.a.
Take advantage of a high Qantas Points earn rate and 2 American Express Airport Lounge entries each calendar year.
Westpac Altitude Black - Altitude Qantas
80,000 bonus points
0.625
1.5
20.24% p.a.
$195 p.a. annual fee for the first year ($395 p.a. thereafter)
Earn 80,000 bonus Qantas Points when you reach a minimum spend of $5,000 on eligible purchases. Offer ends 26 October 2017.
Virgin Australia Velocity High Flyer Card - 80k Bonus Points offer
80,000 bonus points
1
20.74% p.a.
$289 p.a.
Take off sooner with up to 1 Velocity Point per $1 spent and earn up to 80,000 bonus Velocity Points. Plus, complimentary travel insurance.
American Express Velocity Platinum Card
50,000 bonus points
0
1.5
20.74% p.a.
$375 p.a.
Receive a complimentary Virgin Australia return Economy domestic flight each anniversary year and complimentary travel insurance.
American Express Explorer® Credit Card
100,000 bonus points
2
20.74% p.a.
$395 p.a.
Receive a $400 Travel Credit every year and up to two entries per year to the American Express Lounge at Sydney International Airport.
ANZ Rewards Black Credit Card
75,000 bonus points
2
18.79% p.a.
$0 p.a. annual fee for the first year ($375 p.a. thereafter)
Receive 75,000 bonus points when you spend $2,500 on eligible purchases within the first 3 months and complimentary travel insurance.

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