Best frequent flyer and rewards credit cards March 2020
See how far you could go with up to 100,000 rewards points from one of these credit cards.
If you want to boost your frequent flyer balance or simply earn more points on your everyday spending, this round-up covers some of the biggest bonus points offers available in March 2020. This includes credit cards with so many bonus Qantas Points or Velocity Points that you could fly away as soon as they land in your account. Plus offers from St.George and Westpac that give you the flexibility of bank rewards.
How did we pick this month's line-up?
We've selected this month's line-up based on the cards with the biggest bonus points offered through Finder in March 2020.
We've narrowed down our top picks by cards that offer at least 40,000 bonus points in the first 12 months. The round-up only includes cards that collect 0.5 points or more per $1 spent.
There's no one best credit card for every type of points chaser, so you should compare your options before you commit to a new card.
Best credit cards for Qantas Points
Qantas American Express Ultimate
- Bonus points. 100,000 Qantas Points
- Earn rate. Up to 2.25 Qantas Points per $1 spent
- Annual fee. $450
- Purchase rate. 20.74% p.a.
The Qantas American Express Ultimate is packed full of frequent flyer benefits – starting with 100,000 bonus Qantas Points if you apply online by 14 April 2020 and make $3,000 worth of purchases on your new card in the first 3 months.
That's enough points for a return flight from Sydney to Los Angeles in economy (83,800 points). Closer to home, you could use these points for a return business class flight from Melbourne to Perth (83,000 points) or Brisbane to Auckland (83,000 points).
As well as the bonus points offer, you can enjoy a $450 Qantas Travel Credit each year you have the card. This can be used for any eligible domestic or international Qantas flights booked through American Express Travel and can be used to completely offset the $450 annual fee.
The Qantas American Express Ultimate also has a high earn rate of 1.25 points per $1 spent on most purchases, plus 1 additional Qantas Point per $1 for eligible spending with Qantas that could see you collect up to 2.25 points per $1 spent. While these rates cover most purchases, any spending with government bodies in Australia – including the Australian Taxation Office – have an earn rate of 0.5 points per $1 spent.
Other features include two complimentary Qantas Club lounge invitations each year you have the card, complimentary Qantas Wine Premium membership and complimentary travel insurance.
Runner up: Qantas Premier Platinum
This platinum frequent flyer Mastercard also offers a bonus 100,000 Qantas Points, although there are different requirements to collect them. In this case, you need to apply for the Qantas Premier Platinum by 28 May 2020 and then spend at least $5,000 on eligible purchases in the first 90 days to get 80,000 bonus points.
You can then collect the remaining 20,000 bonus points when you pay the $299 annual fee after 12 months of opening the account.
With this card, you'll earn 1 Qantas Point per $1 spent on most eligible purchases, although you can enjoy a higher earn rate of 1.5 Qantas Points per $1 spent overseas. This is capped at spending of $10,000 per month, after which you earn 0.5 points per $1 on eligible purchases made for the remainder of that statement period.
You also get 1 additional point per $1 on eligible Qantas spending, meaning you'd earn a total of 2 Qantas Points per $1 for eligible Qantas flights, Qantas Club membership and purchases made through the Qantas Store.
As well as points, the Qantas Premier Platinum offers up to 20% off selected domestic companion flights once per year when you book through the Qantas Premier Concierge, complimentary travel insurance and two single-entry lounge passes you can use at either a Qantas Club domestic lounge or a Qantas-operated International Business Lounge.
Best credit card for Velocity Points
American Express Velocity Platinum card
- Bonus points. 50,000 Velocity Points
- Earn rate. Up to 2.25 Velocity Points per $1 spent
- Annual fee. $375
- Purchase rate. 20.74% p.a.
The American Express Velocity Platinum credit card offers 50,000 bonus points when you spend $3,000 on eligible purchases in the first 3 months. That's enough for a return economy flight from Sydney to Auckland (35,600 points plus fees and taxes) or a business class flight between Brisbane and Melbourne (47,000 points plus fees and taxes),
But what really sets this card apart is that it gives you a way to get 100 Velocity Frequent Flyer Status Credits when you spend at least $50,000 on eligible purchases within the membership year. If you're a Red Velocity member, this would take you almost half-way to Silver Status (250 status credits), or could go towards helping you maintain current Silver, Gold or Platinum membership.
You can also enjoy a complimentary domestic return flight with Virgin Australia between selected cities, which is available after your first retail purchase each year you have the card. And you can relax in style before your flights with two single-entry passes to Virgin Australia lounges in Australia and two complimentary entries to the American Express Lounge at Sydney and Melbourne international airports.
The American Express Velocity Platinum also offers a competitive earn rate of 1.25 Velocity Points per $1 spent on most purchases, or 0.5 points per $1 spent with government bodies in Australia. It also offers 1 additional Velocity Point per $1 spent on selected Virgin Australia purchases, meaning you could earn up to 2.25 points per $1 when you're booking travel with this card.
The annual fee on this card is relatively high at $375, so you will need to make the most of the card's benefits to justify this cost.
Runner up: Westpac Altitude Black - Velocity
The Westpac Altitude Black - Velocity card offers 80,000 bonus Velocity Points when you apply by 31 March 2020 and spend at least $4,000 on eligible purchases in the first 90 days. That's enough for a return business class flight from Sydney to Perth or Melbourne to Auckland (both 71,000 points plus fees and taxes).
You can also enjoy two single-entry Virgin Australia domestic airport lounge invitations per year, two Economy X Seat Upgrade vouchers that you can use on eligible domestic flights and complimentary insurance.
As well as these perks, you will earn 0.75 Velocity Points per $1 spent on eligible purchases.
The annual fee for the Westpac Altitude Black - Velocity card is $300 ($250 annual fee plus a $50 Velocity rewards fee).
Best credit cards for other rewards
St.George Amplify Platinum – online offer
- Bonus points. 100,000 Amplify Points
- Earn rate. 1 Amplify Point per $1 spent
- Annual fee. $99
- Purchase rate. 19.74% p.a.
This offer on the St.George Amplify Platinum gives you a bonus 100,000 Amplify Rewards Points when you apply online by 31 March 2020 and spend $2,000 on eligible purchases within the first 90 days of approval. You could use these points to get $400 worth of Woolworths e-gift cards (91,200 points for 2 $200 e-gift cards) or 50,000 frequent flyer points for Velocity, Singapore Airlines KrisFlyer or Malaysia Airlines Enrich – or for something else that takes your fancy on the Amplify Rewards website.
You also earn 1 Amplify Point per $1 spent on eligible purchases, which covers most retail spending (cash advances, account fees and balance transfers are among the transactions that aren't eligible to earn points).
Other perks include complimentary overseas travel insurance, interstate flight inconvenience insurance and car rental excess cover when you use this card to make an eligible booking.
If you want to consolidate your debt, this online offer for the St.George Amplify Platinum also includes 0% interest on balance transfers for 22 months. Just remember that any new purchases would attract interest while you carried the balance transfer debt. The St.George Amplify Platinum also has a $99 annual fee.
Runner up: Westpac Altitude Platinum – Online Offer
If you're a moderate spender, Westpac Altitude Platinum offers 40,000 bonus points when you apply online by 31 March 2020 and spend $2,000 on eligible purchases in the first 90 days. That works out to an average spend of $667 per month, or about $22 per day (rounded to the nearest whole dollar). So, while it's not the biggest bonus points offer, it could be realistic to achieve on a tighter budget. And, you could use these points to redeem 4 adult passes to Event Cinemas Gold Class (38,500 points) or $170 worth of Woolworths e-gift cards (39,950 points).
You'll also earn 1 Altitude Point per $1 spent on most eligible purchases. Plus, there are two spending categories that offer higher earn rates: you'll get 3 Altitude points per dollar spent (up to $10,000 per calendar month) on flights purchased in Australia directly with Qantas, Jetstar and Virgin Australia (then 1 point per $1 spent thereafter) and 2 Altitude Points per $1 spent on overseas spend and with Spotify Premium, Uber, Uber Eats and AirBnb.
This card also offers 0% p.a. for up to 20 months on balance transfers, complimentary travel insurance and a platinum concierge service. It has an annual fee of $150 and offers a $0 additional cardholder fee if you want to share this account with your partner.
Compare these credit cards side by side
This is a selection of credit cards with competitive bonus points offers available through Finder right now. As there's no one best card for everyone, take some time to compare more frequent flyer and rewards credit cards to find the right one for you.
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