Best frequent flyer and rewards credit cards August 2018
Score up to 100,000 bonus points with this month’s round-up of rewarding credit card offers.
If you want to give your points balance a big boost, look no further than this month's round-up of the frequent flyer and rewards credit cards to check out in August. There is no one best credit card for every type of points aficionado, but you can use this guide to narrow down your options whether you're a Qantas Frequent Flyer, Velocity fan or credit card rewards chaser.
Qantas Frequent Flyer credit cards
- Bonus points. 90,000 Qantas Points.
- Earn rate. 0.75 Qantas Points per $1.
- Annual fee. $179 p.a. first year annual fee when you apply online ($279 p.a. thereafter).
The St.George Amplify Signature – Qantas card treats new cardholders to 90,000 bonus Qantas Points when they spend $4,000 on eligible purchases in the first 90 days of card approval. This is one of the biggest bonus Qantas Points offers currently available in the market.
That’s enough for a return flight in economy from Sydney to Vancouver or Los Angeles (45,000 points each way)! If you prefer to travel in luxury, it’s also more than enough points to fly in business class from Sydney to Shanghai (72,000 points) or Hong Kong (60,000 points).
You’ll also earn 0.75 Qantas Points per $1 spent on eligible purchases in Australia and overseas. You can start your next trip right with two complimentary Qantas Club Lounge invitations per year and overseas complimentary travel insurance.
If you apply for the St.George Amplify Signature – Qantas card online by 2 October 2018, you’ll also save with a discounted $179 p.a. first-year annual fee. This offer is only available to online applicants and the annual fee reverts to the standard $279 p.a. fee after the first year. This card also charges 19.49% p.a. on purchases, so it’s best suited to cardholders who can pay their account in full each month.
Honourable mention: NAB Qantas Rewards Signature card
The NAB Qantas Rewards Qantas Signature card also offers 90,000 bonus Qantas Points to new cardholders who spend $4,000 on eligible purchases in the first 60 days of account opening.
You’ll also earn 1 Qantas Point per $1 spent up to $5,000 and then 0.5 Qantas Points per $1 spent between $5,001 and $20,000 per statement period. This card also comes with complimentary travel insurance and a concierge service. However, it comes with a higher annual fee of $295 p.a. in the first year ($395 thereafter).
Want more options? Start comparing more Qantas Frequent Flyer credit cards.
Velocity Frequent Flyer credit cards
- Bonus points. Up to 60,000 Velocity Points.
- Earn rate. Up to 0.66 Velocity Points per $1.
- Annual fee. $64 p.a. for the first year ($129 p.a. after that).
The Virgin Australia Velocity Flyer card offers one of the highest bonus points deals for Velocity Points lovers right now. If you apply for the card by 2 September 2018 and meet the spend requirements, you can bag up to 60,000 bonus Velocity Points.
You’ll collect 20,000 Velocity Points each month you spend $1,500 on eligible transactions for the first three months. This brings your total bonus points reward to 60,000 Velocity Points, which equals 13 Velocity Points per $1 spent to get the bonus. If you earn the total 60,000 bonus points, that's more than enough to redeem a one-way business class flight from Melbourne to Fiji (49,500 points) or a return economy flight from Sydney to Hong Kong (55,600 points).
You’ll also collect 0.66 points per $1 spent until you reach $1,500 each statement period. Then you’ll get 0.5 points per $1 after that. If you often spend more than $1,500 each statement period, you should consider how many points you could miss out on once the reduced earn rate applies before you get this card.
As well as points, this card also comes with a bunch of travel perks. You’ll receive a $129 p.a. Virgin Australia gift voucher each year, which can help offset the standard annual fee. Just make sure you use your card to make a retail purchase within two months of requesting the voucher to qualify. You can also travel with peace of mind thanks to complimentary transit accident insurance.
What about the Virgin Australia Velocity High Flyer card?
If you’re looking for a more premium card, you could opt for the Virgin Australia High Flyer card. However, we've chosen to highlight the Virgin Australia Velocity Flyer card this month because the bonus points offer better value for your money. If you apply by 2 September 2018, you can earn up to 80,000 bonus points. You’ll collect 16,000 bonus points every month when you spend at least $3,000 on retail purchases in the first five months. When you divide the 80,000 bonus points by the $15,000 spend requirement over five months, this offers you around 5.3 Velocity Points per $1 spent.
Although this card has a higher earn rate of 1 Velocity Point per $1, it also charges a higher $289 p.a. annual fee.
Honourable mention: American Express Velocity Platinum card
You can earn 50,000 bonus Velocity Points when you apply for the American Express Velocity Platinum card and spend $3,000 in the first three months!
Plus, you can take advantage of competitive earn rates including 1.5 Velocity Points per $1 spent on eligible purchases plus an additional Velocity Point per $1 spent on select Virgin Australia purchases. This card also comes with a complimentary Virgin Australia domestic return flight each year, two single-entry passes to domestic Virgin Australia lounges annually as well as complimentary travel insurance.
These rewards and extra features come at the cost of a $375 p.a. annual fee and a 20.74% p.a. purchase interest rate.
Rewards credit cards
- Bonus points. 100,000 Citi Rewards points.
- Earn rate. 1 point per $1 spent.
- Annual fee. $49 p.a. in the first year ($149 p.a. thereafter).
The Citi Platinum credit card boasts one of the biggest bonus points offers on the market right now. New cardholders are rewarded with 100,000 bonus Citi Rewards points when they use the card to spend $3,000 on eligible purchases in the first 90 days.
You’ll also collect 1 Citi Rewards Point per $1 spent in Australia (up to $10,000 per statement period) and overseas (uncapped). If you’re a frequent flyer, you can transfer your points to your accounts with Velocity, Emirates Skywards Miles and Singapore Airlines KrisFlyer. To give you an example, you can earn 1 Velocity Point per 2.5 Citi Rewards, so you’d get 40,000 Velocity Points with the bonus points bounty.
You can also redeem your points to buy merchandise from the Citi Rewards store, to shop at Amazon.com or to get cash back on your credit card account. For an example, the 100,000 bonus points are more than enough to redeem $400 worth of David Jones gift cards ($200 David Jones card = 41,700 points).
You can save with complimentary travel insurance and access to the Citi Dining Program, so you can enjoy a free bottle of wine when you dine at participating restaurants.
This card offers these platinum perks without the high costs. It has a reduced annual fee of $49 in the first year (which reverts to $149 p.a. after that). However, it does have a 20.99% p.a. purchase rate. So it’s still best suited to cardholders who don’t carry a balance from month to month.
Honourable mention: Westpac Altitude Platinum card
You can bolster your points balance with 60,000 bonus Altitude Points with the Westpac Altitude Platinum card. Just make sure you apply by 23 October 2018 and spend $3,000 on eligible purchases within 90 days of card approval.
You’ll also earn 1 Altitude Point per $1 spent on eligible purchases. You can redeem your Altitude Points for cashback, Altitude travel offers or exchange them for frequent flyer points with Velocity, Singapore Airlines KrisFlyer, Air New Zealand Airpoints and more.
When you apply by 27 November 2018, you’ll also save with a $0 annual fee in the first year (which reverts to $150 p.a. thereafter).
Compare more rewards credit cards from other financial institutions.
Compare these credit cards side-by-side
These are just some of frequent flyer and rewards credit cards with the biggest bonus points offers available on finder this month. If you want to broaden your choices, make sure to compare other frequent flyer and rewards credit cards to find the right one for you.