Best frequent flyer and rewards credit cards February 2019
Book your next holiday sooner with up to 100,000 bonus points.
If you have your heart set on a getaway, using a credit card that rewards your spending and offers a big bonus points deal could help you get there faster. To help you find one that suits your points goals and financial needs, we've highlighted some of the most rewarding credit cards available through Finder in February.
How did we pick this month's offers?
There is no one best rewards or frequent flyer credit card for every points chaser. We've picked this month's line-up based on the cards that offer the most competitive bonus points offers and annual fees through Finder. To help boost your points, we've narrowed down our top picks by cards that offer bonus points of 50,000 or more that you can get within the first 12 months. We've only included cards that offer earn rates of 0.5 points per $1 spent or more.
Best credit cards for Qantas Points
St.George Amplify Signature – Qantas
- Bonus points. 80,000 Qantas Points.
- Earn rate. 0.75 Qantas Points per $1.
- Annual fee. $179 annual fee for the first year ($279 p.a. thereafter).
The St.George Amplify Signature – Qantas currently sits in the sweet spot of a big bonus points offer with a relatively competitive annual fee. You'll earn 80,000 bonus Qantas Points when you apply by 22 May 2019 and spend $4,000 on eligible purchases in the first 90 days from card approval.
That's enough points to fly return from Sydney to Honolulu or Tokyo in Economy (both 70,000 Qantas Points). It's also enough to fly one way from Brisbane to LA or Sydney to Beijing in Business Class (both 72,000 Qantas Points) and almost enough to fly from Sydney to Singapore in First (90,000 Qantas Points). Please note that taxes and charges will also apply to these reward flight examples.
You'll earn 0.75 Qantas Points per $1 spent on eligible purchases in Australia and overseas, which is one of the highest uncapped points earn rates on the market. You'll get extra value from your card with two complimentary Qantas Club Lounge invitations per year and complimentary travel insurance.
You'll enjoy these perks with a discounted annual fee of $179 in the first year, which reverts to $279 p.a. after that. This card charges a 19.49% p.a. interest rate on purchases, so it's best suited to cardholders who can repay their balance in full each month.
Honourable mention: Qantas Premier Platinum Mastercard
If you apply for the Qantas Premier Platinum Mastercard by 28 February 2019 and spend at least $3,500 on eligible purchases in the first 90 days of card approval, you'll score 70,000 bonus Qantas Points. You'll receive an additional 30,000 bonus Qantas Points when you pay the second year's annual fee.
Eligible domestic spend up to $10,000 per statement period earns 1 Qantas Point per $1 spent and 0.5 points per $1 after that. You will collect 1.5 points per $1 spent overseas or in a foreign currency and an additional Qantas Point per $1 spent on eligible Qantas transactions (such as flights and Qantas Club membership).
You'll receive two single-entry complimentary Qantas Club Lounge invitations on your card anniversary each year, plus access to complimentary travel insurance. You can also make use of a concierge service and save with companion flight discount offers. This card charges a reduced $149 annual fee in the first year, which reverts to $299 p.a. thereafter.
Best credit cards for Velocity Points
Virgin Australia Velocity High Flyer – bonus points offer
- Bonus points. Up to 90,000 Velocity Points.
- Earn rate. Up to 1 Velocity Point per $1 spent.
- Annual fee. $289 p.a.
You can collect up to 90,000 bonus Velocity Points with the Virgin Australia Velocity High Flyer card. If you apply by 31 March 2019, you will earn 30,000 bonus Velocity Points each month you spend $3,000 for the first 3 months.
With the maximum 90,000 bonus points, you could fly in Premium Economy from Sydney to Los Angeles (71,700 Velocity Points plus fees, charges and taxes) or return in Economy to Dubai (44,800 Velocity Points each way plus fees, charges and taxes).
This is one of the highest Velocity Point introductory offers on the market, but it's important to understand how the spend requirements and staggered bonus points work before you apply. You'll earn 1 Velocity Point per $1 spent on eligible transactions up to $8,000 per statement period and then 0.5 Velocity Points per $1 after that.
Each year you'll receive a $129 Virgin Australia gift voucher. You'll just need to use your card to make an eligible purchase within two months of requesting the voucher. You can also travel in style with two complimentary single entry Virgin Australia domestic lounge passes and protect your trip with complimentary international travel insurance.
These perks come at the cost of a $289 p.a. annual fee and 20.74% p.a. interest rate on purchases.
Honourable mention: American Express Velocity Platinum
The American Express Velocity Platinum rewards new customers with 50,000 bonus Velocity Points when they spend $3,000 on eligible purchases in the first 3 months.
Unique to this card, you can also earn Status Credits to climb the Velocity tiers as you spend. You'll earn 100 Velocity Status Credits when you spend $50,000 over the course of the year.
You can explore Australia for less with a complimentary domestic return flight between select cities with Virgin Australia and save on overseas holiday costs with complimentary travel insurance. You can also relax before your flight with two single entry passes to Virgin Australia lounges each year which you can use at selected domestic airports. You'll receive two complimentary entries to the American Express Lounges at Sydney or Melbourne international airport each year as well.
This card charges a $375 p.a. annual fee and 20.74% p.a. purchase interest rate.
Best credit cards for other rewards
Citi Rewards Platinum Credit Card - exclusive bonus points offer
- Bonus points. 100,000 bonus Citi Rewards Points.
- Earn rate. Up to 1 Citi Rewards Point per $1 spent.
- Annual fee. $49 in the first year ($149 p.a. thereafter).
When you apply for the Citi Rewards Platinum card through Finder by 30 June 2019 and spend $3,000 in the first 90 days, you'll get 100,000 bonus Citi Rewards Points. You can redeem your points for credit back on your account, vouchers with popular retailers and exchange them for partnered frequent flyer points (just to give you a few examples). To give you an idea of your rewards potential, you could transfer 100,000 bonus Citi Points for 40,000 Velocity Points or make up most of the cost of a $500 Flight Centre voucher (worth 104,200 points).
You'll collect 1 Citi Rewards Point per $1 spent in Australia and overseas, but the earning is capped at $10,000 on domestic spend. You can travel with peace of mind and save with complimentary international travel insurance. This card is linked with a 24/7 personal concierge service, which you can use for everything from organising your next holiday to making restaurant reservations. When you use your card to dine and pay at a partnered restaurant, you'll receive a free bottle of wine thanks to the Citi Dining Program.
New Citi customers can consolidate existing debt and save on interest with 0% p.a. on balance transfers for 15 months. A 1% balance transfer fee applies and any remaining debt will attract the cash advance interest rate at the end of the introductory period.
When you apply by 30 June 2019, you'll save with a reduced first year annual fee of $49 which reverts to $149 p.a. after that. This card also charges 20.99% p.a. purchase interest rate.
Honourable mention: American Express Westpac Altitude Platinum bundle
The American Express Westpac Altitude Platinum bundle is offering new cardholders up to 75,000 bonus Altitude Points. When you apply by 2 April 2019, you'll earn 60,000 bonus points when you spend $3,000 on the Visa in the first 90 days and 15,000 bonus points when you meet the same spend requirement on the American Express.
With the Amex, you'll get 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 Visa, you'll collect 1 Altitude Point per $1 spent on all eligible purchases. You can take advantage of complimentary travel insurances as well as access to exclusive discounts, dining perks and pre-sale concert ticket access with Amex Offers and Amex Invites.
This bundle boasts a reduced $49 annual fee in the first year (which reverts to $199 p.a. after that) when you apply by 2 April 2019.
Compare these credit cards side by side
If you're interested in one of these rewards or frequent flyer credit card offers, you can learn more about a particular card or apply for one by clicking through to the full review on Finder. As these are only some of the offers on the market, you can compare more frequent flyer and rewards credit cards on Finder for other options.
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