Best frequent flyer and rewards credit cards January 2019

Posted: 8 January 2019 9:20 am News

Reach new heights this year with a credit card that offers up to 300,000 bonus points.

If travel and luxury are on your bucket list for 2019, using a credit card that offers points for your everyday spending can help you get there faster. To help you find one that fits with your goals, we've picked out some of the most rewarding credit cards available through Finder – with a focus on those that earn Qantas Points, Velocity Points and flexible reward points.

How did we pick this month's round-up of 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 through Finder. To help boost your points, we've narrowed down our 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

  • ANZ Frequent Flyer Black

  • Bonus points. 120,000 bonus Qantas Points.
  • Earn rate. Up to 1 Qantas Point per $1 spent.
  • Annual fee. $425 p.a.

The ANZ Frequent Flyer Black offers 120,000 bonus Qantas Points and a $150 credit back to your account when you spend $7,500 within the first 3 months from card approval. You can also get 75 bonus Status Credits when you apply for this card by 31 March 2019 and use it to book and travel on two new Qantas flights between now and 30 June 2019. The Status Credits offer excludes Classic Flight Rewards (where you pay with points) as well as codeshare and partner airline flights, so make sure your booking has a QF flight number and is operated by Qantas.

As well as bonus points, the ANZ Frequent Flyer Black offers 1 Qantas Point per $1 spent on eligible purchases up to $7,500 per statement period, then 0.5 Qantas Points per $1 spent for the remainder of that statement period. It also comes with two complimentary Qantas Club Lounge invitations per year and unlimited, complimentary access to international airport lounges through the Véloce program.

If you want peace of mind when you travel, you can also take advantage of complimentary international travel insurance, transport accident cover, interstate flight inconvenience insurance and rental excess cover along with a range of purchase insurance covers.

It also charges an annual fee of $425 and a competitive variable purchase rate of 19.99% p.a.

  • Honourable mention: Qantas Premier Platinum

You can collect 70,000 bonus Qantas Points when you apply for the Qantas Premier Platinum by 28 February 2019 and spend at least $3,500 within the first 90 days. You will earn another 30,000 bonus points after you pay the annual fee on your first card anniversary. This means you could get a total of 100,000 bonus Qantas Points through this offer as long as you keep the card for at least 12 months.

This card charges a $149 annual fee for the first year before reverting to $299 p.a., meaning you'd pay a total of $448 in account fees while earning the bonus points. It also offers 2 Qantas Points per $1 spent on Qantas flights, Qantas Club membership and purchases through the Qantas Store; 1.5 points per AUD$1 spent overseas; and 1 Qantas Point per $1 spent on eligible purchases in Australia up to $10,000 per month (0.5 points per $1 spent after that).

Searching for more ways to earn Qantas Points? Compare other Qantas Frequent Flyer credit cards to find the most rewarding one for you.

Best credit cards for Velocity Points

  • Virgin Australia Velocity High Flyer card

  • Bonus points. Up to 90,000 bonus Velocity Points.
  • Earn rate. Up to 1 Velocity Point per $1 spent.
  • Annual fee. $289 p.a.

If you want to earn more Velocity Points for your spending, the Virgin Australia Velocity High Flyer card currently offers one of the most competitive deals on the market, with up to 90,000 bonus points when you apply by 31 January 2019. With this offer, you'll need to spend $3000 per month on eligible transactions for the first 3 months. In return, you will collect 30,000 bonus points for each of the three months when you meet the spend requirement. This means you will need to spend a total of $9000 to earn all 90,000 bonus points.

Collecting all 90,000 Velocity Points would give you enough for a return, business class reward flight from Sydney to Fiji or from Melbourne to Auckland (both 71,000 points plus fees and taxes). You could also use the points for a return premium economy flight from Sydney or Melbourne to Hong Kong (89,400 points).

Using the Virgin Australia Velocity High Flyer will also earn you 1 Velocity Point per $1 spent on eligible transactions up to $8,000 per month, then 0.5 Velocity Points per $1 spent thereafter. Compared to other direct-earn Velocity Frequent Flyer credit cards, this rate is at the higher end of the scale.

The High Flyer also offers a $129 Virgin Australia gift voucher each year, which you can earn by making an eligible purchase on your card in the two months before requesting it. You'll also get two complimentary Virgin Australia lounge invitations each year and complimentary international travel insurance.

The Virgin Australia Velocity High Flyer charges a $289 p.a. annual fee and a purchase rate of 20.74% p.a.

  • Honourable mention: Virgin Australia Velocity Flyer card

If you're looking for a frequent flyer card that offers bonus points and a lower annual fee, the Virgin Australia Velocity Flyer card continues to be a competitive option. It offers a reduced first-year annual fee of $64 ($129 p.a. thereafter) and up to 60,000 Velocity Points when you apply by 31 January 2019 and meet the spend requirements. With this offer, you earn 20,000 bonus Velocity Points each month when you spend $1,500 or more on eligible transactions for the first 3 months.

This card features a standard earn rate of 0.66 Velocity Points per $1 spent on eligible transactions for the first $1,500 spent each statement period, and 0.5 points per $1 after that. You can also take advantage of a $129 Virgin Australia gift voucher each year (which can offset the annual fee) and complimentary transit accident insurance.

You can also check out other Velocity Frequent Flyer credit cards on Finder.

Best credit cards for rewards points

  • Citi Rewards Signature credit card

  • Bonus points. Up to 300,000 bonus Citi Rewards points.
  • Earn rate. Up to 2 Citi Rewards points per $1 spent.
  • Annual fee. $195 annual fee for the first year ($395 p.a. thereafter).

The Citi Rewards Signature offers up to 300,000 bonus Citi Rewards points over 20 months and a reduced annual fee of $195 for the first year when you apply by 31 March 2019. With this offer, you earn 15,000 bonus Citi Rewards Points each month that you spend $1,000 or more for the first 20 months.

If you collect the entire 300,000 bonus points, you could convert them to 150,000 Velocity Points. You can also transfer them to your Singapore Airlines KrisFlyer or Emirates Skywards frequent flyer account, or redeem them for travel and other perks directly through the Citi Rewards program. Just note the transfer and redemption rates can vary, so you'll need to log into your account to get the most accurate information.

This card offers 2 points per $1 spent for all eligible international spend; 2 points per $1 spent for selected domestic purchases at major restaurants, hotel chains and airlines (flights only); 1.5 points per $1 spent for selected domestic purchases made at major petrol outlets, supermarkets and national retailers; and 1 point per $1 spent everywhere else on domestic eligible transactions. If you opt for the linked Diners Club Card, you will earn 2 points per $1 spent on all eligible transactions.

Other perks include complimentary standard Priority Pass membership, with two complimentary airport lounge visits per year, complimentary travel insurance and purchase insurance cover. It also gives you access to Citibank Dining Program perks, including a free bottle of wine when you dine and pay with your card at partner restaurants around Australia.

  • Honourable mention: St.George Amplify Signature card (Online offer)

The St.George Amplify Signature online offers you a bonus 100,000 Amplify Rewards points when you apply by 23 January 2019 and spend $4,000 within the first 90 days of card approval. This works out to 50,000 frequent flyer points when transferred to Virgin Australia Velocity, Singapore Airlines KrisFlyer or Malaysia Airlines Enrich.

The St.George Amplify Signature has an earn rate of 1.5 points per $1 spent on eligible purchases, uncapped. As well as transferring points to a frequent flyer program, you can redeem them for travel packages, gift cards or merchandise through the Amplify Rewards website.

This card also offers two complimentary Priority Pass airport lounge invitations each year and complimentary international travel insurance. It has a $0 annual fee in the first year, reverting to $279 p.a. after that and an interest rate of 19.49% p.a. for purchases.

You can compare more rewards credit cards on Finder.

Compare these credit cards side by side

Rates last updated August 21st, 2019
Name Product Bonus Points Rewards Program Rewards Points per $ spent Purchase rate (p.a.) Annual fee Product Description
Citi Rewards Signature Credit Card
120,000 bonus points
Citi Rewards Program
1
20.99% p.a.
$199 p.a. annual fee for the first year ($395 p.a. thereafter)
Offers 120,000 bonus reward Points, a $199 first year annual fee, airport lounge passes and premium perks.
St.George Amplify Signature
200,000 bonus points
Amplify Rewards
1.5
19.74% p.a.
$179 p.a. annual fee for the first year ($279 p.a. thereafter)
Get up to 200,000 bonus Amplify Points (100,000 each year) when you spend $12,000 p.a. for the first 2 years.
ANZ Frequent Flyer Black
100,000 bonus points
Qantas Frequent Flyer
1
20.24% p.a.
$425 p.a.
Earn 100,000 bonus Qantas Points & $200 back when you spend $4,000 in the first 3 months. Plus, airport lounge passes.
Virgin Australia Velocity High Flyer Card
90,000 bonus points
Velocity Frequent Flyer
1
20.74% p.a.
$289 p.a.
Take off sooner with up to 90,000 bonus Velocity Points, lounge passes and insurance covers. Plus, a 15-month balance transfer.
Virgin Australia Velocity Flyer Card - Bonus Points Offer
75,000 bonus points
Velocity Frequent Flyer
0.66
20.74% p.a.
$64 p.a. annual fee for the first year ($129 p.a. thereafter)
Earn up to 75,000 bonus Velocity Points and save with a $64 first year annual fee. Plus, a long-term balance transfer offer.
Qantas Premier Platinum
120,000 bonus points
Qantas Frequent Flyer
1
19.99% p.a.
$199 p.a. annual fee for the first year ($299 p.a. thereafter)
Get up to 120,000 bonus Qantas Points (20,000/month) when you spend $1,500/month for the first 6 months. Plus, complimentary lounge passes.

Compare up to 4 providers

If you're interested in one of these competitive rewards and 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. You can also compare other options to find the most rewarding credit card for you to use in 2019 and beyond.

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