Best frequent flyer and rewards credit cards May 2017
It's the battle of the bonus points.
Points chasers rejoice. This month’s roundup of best frequent flyer and rewards credit cards is packed with some of the most competitive offers on the market. As always, our lineup is based on the cards with the biggest current bonus points offers. And with offers floating between 80,000 and 100,000 bonus points, there’s some stiff competition this month.
Whether you prefer Qantas frequent flyer points, Velocity points or the flexibility of credit card rewards, check out some of the best points offers below.
Best Qantas frequent flyer credit card
- St.George Amplify Signature Qantas
- Bonus points. 90,000 Qantas Points.
- Earn rate. 0.75 Qantas Points for every dollar spent in Australia and 1.5 Qantas Points for every dollar spent at eligible overseas merchants.
- Annual fee. $279.
If you opt to earn Qantas Points with the St.George Amplify Signature card, you can take advantage of the most competitive bonus Qantas Points offer on the market right now.
However, you won’t receive the entire 90,000 bonus points bounty in one hit. If you apply by 20 September 2017 and spend $3,000 on eligible purchases in the first 90 days, you’ll receive 60,000 bonus points in the first year and an additional 30,000 points in the second year of owning the card. You’ll also collect 0.75 Qantas Points per $1 spent on eligible purchases in Australia and 1.5 Qantas Points for every dollar you spend with eligible merchants overseas.
Cardholders can also look forward to complimentary insurance, two complimentary Qantas Club Lounge invitations each year and 24/7 concierge service.
As St.George and Bank of Melbourne are both owned by Westpac, you can also find the same Qantas Points offer with the BoM Amplify Signature Qantas card.
- Honourable mention: Westpac Altitude Black - Altitude Qantas
Similar to the Amplify Signature card, the Westpac Altitude Black card gives you the option to earn either credit card rewards or Qantas Points. If you choose the frequent flyer alternative, you can look forward to 80,000 bonus Qantas Points when you spend $5,000 on eligible purchases in the first 90 days.
This card currently collects 0.625 Qantas Points per $1 spent on Mastercard and 1.5 points per dollar spent with American Express. Please note that these earn rates will change come 1 July 2017.
Best Velocity frequent flyer credit card
- American Express Velocity Platinum card
- Bonus points. 100,000 Velocity Points.
- Earn rate. 1.5 Velocity Points per $1 on eligible purchases and 2.5 Velocity Points per $1 spent with Virgin Australia.
- Annual fee. $375.
The American Express Velocity Platinum has cleaned up the best Velocity category this month with its new 100,000 bonus points offer. Launched just this week, you need to apply for the card by 31 July 2017 and spend $1,500 in the first 3 months to get your hands on the bonus points. You’ll collect 1.5 Velocity Points per $1 spent on all eligible purchases and can look forward to 2.5 points for every dollar spent with Virgin Australia. Points are also uncapped, giving you almost unlimited points potential.
This card isn’t short of travel extras either. Cardholders receive a complimentary domestic return flight with Virgin Australia each and two single entry passes to Virgin Australia lounges each year. You can also save with complimentary travel insurance and up to 55 interest-free days.
Honourable mention: Virgin Australia Velocity High Flyer card
The Virgin Australia Velocity High Flyer card currently offers 30,000 bonus points on sign up when you meet the spend requirement. Cardholders can earn 1 Velocity Point per $1 spent on eligible transactions up to $10,000 per statement period, then 0.5 Velocity Points for every $1 spent thereafter. Please note this reduced earn rate will kick in after $8,000 per statement period as of 15 June 2017. This card also offers a reduced annual fee of $144 p.a. for the first year and $298 p.a. thereafter.
Best rewards credit card
- NAB Rewards Platinum credit card
- Bonus point. 80,000 NAB Rewards.
- Earn rate. 3 points per $1 when spending with Webjet and on foreign transactions, 2 points per $1 spent on purchases made in major departments and hardware stores, 1 point per $1 spent on all other eligible purchases.
- Annual fee. $0 annual fee in the first year and $195 thereafter.
The NAB Rewards Platinum tops the rewards credit cards competition this May. If you apply for the card by 31 May 2017 and spend $2,500 on purchases in the first 90 days, you’ll score yourself 80,000 bonus NAB Rewards. You’ll also continue to earn 1 point per $1 spent on eligible purchases. You can look forward to higher earn rates of 3 points for every dollar spent with Webjet and on foreign transactions and 2 points per $1 spent on purchases made in major departments and hardware stores.
While you can redeem points for a variety of rewards via the NAB Rewards store, you can also exchange your NAB Rewards for frequent flyer points with Velocity, Air New Zealand and Asia Miles.
As well as the waived annual fee for the first year, cardholders can also enjoy savings with complimentary travel and purchase insurance and up to 44 interest-free days.
- Honourable mention: American Express Explorer credit card
If you apply for the AMEX Explorer credit card and spend $1,500 within the first three months, you’ll collect 50,000 bonus Membership Rewards. Plus, you’ll earn up to 2 Membership Rewards per $1 spent on eligible purchases. Frequent travellers can also look forward to a $400 travel voucher, complimentary passes to the American Express Lounge at Sydney International Airport and complimentary insurances.
While these cards offer some of the best bonus points deals up for grabs, you can compare a wider variety of rewards and frequent flyer credit cards to find the card that will give you the most rewards based on your own spending patterns.
Compare the best frequent flyer and rewards credit cards
- Where could the ANZ Frequent Flyer Black take you?
- Ask Credit Card Finder: When will I get bonus points?
- Visa launches new tokenised technology to protect online shoppers
- 0% on balance transfers for 25 months with the NAB Low Fee Platinum card
- Money Hack: Receive $50 back when you book a hotel with your Amex card