Best frequent flyer and rewards credit cards August 2019
Book your next flight sooner with up to 120,000 bonus points courtesy of your new credit card.
Whether your goal is to fly away in business class, upgrade an upcoming trip or book a family holiday, here are the credit cards with the biggest bonus points offers available to Finder in August. To help you narrow down your options, we've highlighted our picks by cards that earn Qantas Points, Velocity Points or reward points with a bank loyalty program.
How did we pick this month's line-up?
We've hand picked this month's line-up based on the cards that offer the most competitive bonus points, extra perks and annual fees available through Finder. To help you earn more points, we've filtered our top picks by cards that offer at least 50,000 bonus points in the first 12 months. When looking at the standard earn rates, we've only included cards that collect 0.5 points per $1 or more.
There is no one best rewards credit card for every points chaser, so you should compare your options before you commit to a new card.
Best credit cards for Qantas Points
Qantas Premier Platinum credit card
- Bonus points. Up to 120,000 Qantas Points.
- Earn rate. Up to 2 points per $1 spent.
- Annual fee. $199 in the first year ($299 p.a. thereafter)
If you want to earn more rewards while saving on card costs, the Qantas Premier Platinum credit card combines a big bonus points offer with a reduced annual fee in the first year.
When you apply for this frequent flyer credit card by 31 October 2019, you'll earn 20,000 points each month you spend at least $1,500 for the first 6 months. That's a total of 120,000 bonus Qantas Points to put towards your next trip.
Just to name a few of the possibilities, you could fly one way from Sydney to Paris in premium economy (99,000 points), fly one way in business class from Melbourne to New York (120,500 points) or fly return in business class from Perth to Singapore (50,000 points each way).
This card also boasts competitive earn rates. You'll earn 1 Qantas Point per $1 spent in Australia up to $10,000 per statement period and 0.5 points per $1 after that. You'll also pick up 1.5 Qantas Points per $1 spent overseas and 2 points per $1 spent on Qantas flights, Qantas Club membership and purchases through the Qantas Store.
Cardholders can enjoy a luxurious oasis away from the rest of the airport with two single-entry invitations to use at eligible Qantas Club or Qantas-operated international business lounges each year. You can save up to 20% on flight costs when you use the Qantas Premier Concierge to book a selected domestic companion flight once each year. Like most frequent flyer credit cards, the Qantas Premier Platinum card also comes with complimentary international travel insurance.
If you apply for the card by the end of October, you'll save with a $199 annual fee for the first year, which reverts to $299 p.a. after that. You can repay existing credit card debt with 0% on balance transfers for 18 months, but you won't earn any points this way. Any remaining debt will attract the 21.99% p.a. cash advance rate at the end of the promotional period.
Honourable mention: St.George Amplify Signature – Qantas
The St.George Amplify Signature – Qantas card is rewarding new cardholders who apply by 2 October 2019 with 90,000 bonus points when they spend $4,000 in the first 90 days. You'll also earn 0.75 Qantas points per $1 spent on all eligible purchases.
You'll save $100 in the first year with a reduced annual fee of $179 (which reverts to $279 p.a. after that). This card also comes with two complimentary Qantas Club Lounge invitations each year and complimentary travel insurance. The St.George Amplify Signature has a shorter balance transfer offer of 0% for 6 months. You won't earn points on the balance transfer and the rate will revert to 21.49% p.a. at the end of the promotional period.
Best card for Velocity Points
Virgin Australia Velocity Flyer card – Bonus points offer
- Bonus points. Up to 75,000 bonus points.
- Earn rate. Up to 0.66 Velocity Points per $1 spent.
- Annual fee. $64 for the first year ($129 p.a. thereafter)
Until the end of the month, new Virgin Australia Velocity Flyer card customers can collect up to 75,000 bonus Velocity Points. If you apply by 31 August 2019, you will collect 25,000 bonus Velocity Points each month you spend at least $1,500 on eligible transactions for the first three months.
With the total 75,000 bonus Velocity Points, you could fly from Sydney to LA in premium economy (71,700 points), from Brisbane to Bali in business class (49,500 points) or from Perth to Abu Dhabi in business class (71,500 points). You can keep building your Velocity Points balance with 0.66 points per $1 spent on the first $1,500 per statement period and 0.5 points per $1 spent after that.
In the first year, this card charges a reduced annual fee of $64 (which reverts to $129 p.a. thereafter). You can book a free flight and offset the card's annual fee with a $129 Virgin Australia Gift Voucher each year. You'll also save with complimentary travel insurance and can take advantage of 0% interest on balance transfers for the first 18 months. The 20.99% p.a. cash advance rate will apply at the end of the promotional period and you won't earn any points on your balance transfer.
Honourable mention: Westpac Altitude Black – Velocity
When you apply for the Westpac Altitude Black – Velocity card by 15 October 2019, you'll score 80,000 bonus Velocity Points when you spend $4,000 on eligible purchases within the first 90 days of approval. The bonus points offer is larger than the one above, but this card also charges a heftier annual fee of $300 p.a.
This card offers an uncapped earn rate of 0.75 Velocity Points per $1. Plus, you can travel in style with two complimentary single-entry Virgin Australia domestic airport lounge invitations after you make a purchase with the airline each year. You'll also receive two vouchers to use for Economy X Seat upgrades on eligible domestic flights and use your card to spend with Virgin Australia. This card also offers complimentary travel insurance and comes with a 24/7 Westpac concierge service.
You can move up the Velocity status tiers with 50 Velocity Status Credits when you spend an additional $6,000 in the first year. These bonus credits alone get you 20% of the way to Silver Status.
Best cards for other rewards points
Citi Rewards Platinum credit card
- Bonus points. Up to 120,000 Citi reward Points.
- Earn rate. Up to 1 point per $1 spent.
- Annual fee. $49 in the first year ($149 p.a. thereafter).
The Citi Rewards Platinum credit card is one of the few cards that offers a competitive bonus points offer with a low annual fee. When you apply by 31 January 2020 and spend $3,000 in the first 90 days of approval, you'll treat yourself to 80,000 bonus Citi reward Points. You'll then be rewarded with an additional 40,000 bonus points after you pay the second year's annual fee.
To give you an idea, you could exchange your 120,000 reward Points for $550 worth of David Jones gift vouchers or 48,000 Velocity Points. You'll continue to earn 1 Citi reward Point per $1 spent on eligible purchases, up to $10,000 per statement period on domestic transactions, with no cap on international transactions.
When you apply by the end of January, you'll also save with a reduced annual fee of $49 in the first year ($149 p.a. after that). You can get extra value from your card with complimentary international travel insurance and the 24/7 concierge service. When you use your card to cover the bill at a partnered restaurant, you'll receive a free bottle of wine thanks to the Citibank Dining Program.
This card also offers 0% for 15 months on balance transfers, which could help you save on interest costs when repaying existing debt. You'll need to pay a balance transfer fee of 1% and you won't earn any points on the debt you're transferring. At the end of the interest-free period, any remaining balance transfer debt will attract the cash advance rate of 21.74% p.a.
Honourable mention: American Express Westpac Altitude Platinum bundle
With this card bundle, you can earn points both with a Mastercard and an American Express. When you apply for the American Express Westpac Altitude Platinum bundle by 15 October 2019, you'll earn 75,000 bonus Altitude Points when you spend $3,000 on both the Mastercard and Amex card within the first 90 days. You'll get 60,000 bonus points with the Mastercard and 15,000 with the Amex when you meet the $3,000 spend requirements on each card.
With the Amex, you'll earn 3 Altitude Points per $1 spent on purchases in a foreign currency, 2 Altitude Points per $1 spent in Australia and 1 Altitude Point per $1 spent on government transactions (such as ATO bills). On the Mastercard, you'll earn 1 Altitude Point per $1 spent on all eligible purchases.
Cardholders can shop and travel with peace of mind thanks to complimentary travel and purchase insurance covers. The bundle charges a combined $199 annual fee ($150 p.a. for the Mastercard and $49 p.a. for the Amex).
Compare these credit cards side by side
If any of these cards pique your interest, you can learn more or apply for one by clicking through to the complete review in the table above. As these are only a selection of the products available for fans of frequent flyer and reward points right now, you can compare more frequent flyer credit cards and rewards credit cards on Finder.