Best frequent flyer and rewards credit cards Dec 2017
Reward your generosity with up to 100,000 bonus points this Christmas.
With Christmas coming up, your spending is likely to skyrocket over December. If you’re in the market for a new credit card, you may as well get one that can reward your spending this holiday season.
With up to 100,000 bonus points up for grabs, we’ve handpicked some of the most rewarding frequent flyer and rewards credit cards on the market this month. Spend to earn the bonus points now and you could earn enough to score an overseas trip in the New Year!
As there is no one best frequent flyer or rewards credit card for every cardholder, we’ve based our round-up on the cards with the largest bonus points offers available through finder. We’ve divided the top cards by Qantas Frequent Flyer, Velocity and other credit card rewards to suit different types of points chasers.
Once you’ve compared these offers, you can also check out our rewards and frequent flyer comparison tables for more options. Please note that the features, rates and fees mentioned here are correct at the time of publication.
NAB Qantas Rewards Signature card
- Bonus points. 100,000 Qantas Points.
- Earn rate. Up to 2 Qantas Points per $1 spent.
- Annual fee. $395 p.a.
- Offer end date. 25 February 2018.
The NAB Qantas Rewards Signature card has defended its position as the biggest bonus points offer for the second month in a row. If you apply by 25 February 2018 and spend $3,000 in the first 60 days, you’ll get 100,000 bonus Qantas Points.
It also has a competitive earn rate, rewarding you with 1 Qantas Point per $1 up to $5,000 and 0.5 Qantas Points per $1 spent between $5,001 and $20,000 per statement period. You’ll also earn an additional point for every dollar spent on eligible Qantas products in Australia, whether that’s booking flights or renewing your Qantas Club membership.
You can also save time and money when booking your next trip with complimentary overseas travel insurance. The card also comes with Visa Worldwide Concierge service, which you can use for anything from booking flights to making dinner reservations.
These perks come at a price, though. It has a weighty annual fee of $395 p.a. and a purchase rate of 19.99% p.a. So, you should make sure that the value of the rewards you redeem offset the annual fee. Considering you could use 100,000 Qantas Points to fly business from Sydney to Los Angeles with points to spare, this shouldn’t be too difficult.
Runner up: St.George Amplify Signature credit card
The St.George Amplify Signature credit card is a close runner up with 90,000 bonus Qantas Points up for grabs. There’s a higher spend requirement of $5,000 in the first 90 days, though. This card also has an earn rate of 1.5 Qantas Points per $1 spent overseas and 0.75 Qantas Points per dollar spent in Australia. You’ll also be rewarded with complimentary travel insurance and two complimentary Qantas Club Lounge invitations each year. These benefits come at the lower cost of a $279 annual fee.
Best card for Velocity Frequent Flyer Points
Virgin Australia Velocity High Flyer card
- Bonus points. 80,000 Velocity Points.
- Earn rate. Up to 1 Velocity Point per $1.
- Annual fee. $289 p.a.
- Offer end date. 31 January 2018.
The Virgin Australia Velocity High Flyer card, with its 80,000 bonus points offer, has maintained its top spot in the Velocity category once again. Unfortunately, picking up these bonus points are a little trickier than the spend requirements on other frequent flyer cards.
Once you’ve activated your card, you can collect 16,000 bonus points every month you spend at least $3,000 on eligible purchases in the first five months. So, this means you could earn up to 80,000 bonus Velocity Points in the first five months. When you combine the standard earn rate and bonus points, it equates to roughly 6.3 Velocity Points per $1. Before you think of all the ways you could redeem 80,000 bonus points, make sure the combined spend requirements fit in with your budget.
Beyond the bonus points, 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). You can also travel sooner with a complimentary $129 Virgin Australia gift voucher each year. You just have to make an eligible purchase on your card within two months of requesting your voucher to qualify for the voucher. Plus, you can travel in style with two passes to Virgin Australia lounges each year.
The card comes at the cost of a $289 p.a. annual fee and a purchase rate of 20.74% p.a. So this card is best suited to cardholders who can earn enough rewards to outweigh the cost of the annual fee and who pay their balance in full each month.
Runner up: American Express Velocity Platinum card
The American Express Velocity Platinum card is also the runner up again this month. It may only have 50,000 bonus Velocity Points but it has a much lower spend requirement than the Velocity High Flyer card. You only have to spend $1,500 in the first three months to redeem the bonus points, which is equal to roughly 34.3 Velocity Points per $1 spent.
You can also earn 1.5 Velocity Points per $1 spent on everyday purchases and an additional Velocity Point per $1 spent on selected Virgin Australia purchases made within Australia. If you spend $50,000 on eligible purchases within the membership year, you’ll pick up 100 Velocity Status Credits. The card also comes with a complimentary domestic return flight each year, two single-entry passes to domestic Virgin Australia lounges annually and complimentary travel insurance.
This card comes with the higher price tag of a $375 p.a. annual fee and a 20.74% p.a. purchase rate.
Best card for credit card reward points
Citi Platinum credit card
- Bonus points. 100,000 Citi Rewards points.
- Earn rate. 1 Citi Rewards point per $1.
- Annual fee. $49 in the first year ($149 p.a. thereafter).
- Offer end date. 31 January 2018.
The Citi Platinum credit card has topped our credit card rewards category for the second month in a row. If you spend $3,000 in the first 90 days, you’ll earn 100,000 bonus Citi Reward points.
But what can 100,000 Citi Reward points actually get you? Well, if you book via Citi Rewards, you could use 100,000 bonus points for a one-way economy flight from Sydney to Hanoi. You could also exchange them for 40,000 Velocity Points if you prefer frequent flyer rewards. That’s almost enough points for a Premium Economy flight from Sydney to Hong Kong. You could also use the points to shop at Amazon and redeem gift cards. For example, 100,000 Citi Rewards could almost get you a $500 Flight Centre gift card.
You’ll also earn 1 point per $1 on domestic purchases (up to $10,000 per statement period) and the same earn rate but uncapped on international spend. You can also get extra value from your card with complimentary travel insurance and a personal concierge service. It’s also linked with the Citibank Dining Program, meaning you can get a free bottle of wine when you dine at partnered restaurants.
Another perk is that it has a competitive annual fee of $49 in the first year and $149 p.a. thereafter, which is cheaper than many other rewards cards. However, it does have a high purchase rate of 20.99% p.a., so it’s not ideal for cardholders who carry a balance from month to month.
Runner up: NAB Rewards Signature card
The NAB Rewards Signature card also offers 100,000 bonus NAB Rewards points when you apply by 25 February 2018 and spend $3,000 in the first 60 days. That could get you $500 in David Jones vouchers or 50,000 Velocity Points!
You’ll also collect 1.25 standard points per dollar spent on everyday eligible purchases, double points on purchases made with partner merchants and triple points on trips abroad booked through Webjet as well as on foreign transactions.
The NAB Signature Rewards card also comes with complimentary travel insurance and a concierge service. Although it offers a number of perks, it also has a much higher annual fee of $295 p.a.
These cards boast some of the biggest bonus points offers on the market this month, but you should always compare options and ensure the rewards outweigh the costs before you apply.
Compare the best frequent flyer and reward credit cards
- Ask Finder: Does my credit card travel insurance cover trips that start overseas?
- What I learned about credit card fraud when it happened to me
- Ask Finder: When do I have to pay an annual fee on a balance transfer card?
- Best frequent flyer and rewards credit cards January 2019
- Australian post-Christmas debt predicted to reach $30 billion