Best frequent flyer and rewards credit cards Nov 2017

Sally McMullen 16 November 2017 NEWS

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The credit cards with the biggest bonus points offers this month.

With Christmas fast approaching, card issuers are ramping up their rewards offerings to entice new customers. Although a frequent flyer and rewards credit card can be a great way to reward your spending, there is no one best card for every type of spender.

To make it easier to compare your options, we’ve narrowed down some of the most competitive cards based on the products with the highest bonus points offers available through finder. The offers range from cards for Qantas Frequent Flyers and Velocity lovers to fans of credit card rewards. We also compared points earn rates, extra features and how much they cost.

Once you’ve compared the offers we hand-picked this month, 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 writing.

Best card for Qantas Frequent Flyer Points

  • NAB Qantas Rewards Signature cardnab-qantas-signature250x156

  • 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 has moved up a spot to top the Qantas category this month. New cardholders who apply by 25 February 2018 can score 100,000 bonus Qantas Points when they spend $3,000 on eligible purchases in the first 60 days. This is a much better deal than the offer of 90,000 bonus points after you spent $4,000 in the first 60 days that NAB was running last month.

The rewards continue as you spend 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 can also score a bonus point for every dollar spent on eligible Qantas services in Australia.

You can also save time and money when booking your next trip thanks to complimentary overseas insurance and a Visa Worldwide concierge that can help with anything from booking flights to organising accommodation.

This card doesn’t come cheap, though. It has a weighty annual fee of $395 p.a. and a purchase rate of 19.99% p.a. You’ll need to make sure that the rewards you redeem outweigh the annual fee. But this shouldn’t be too hard if you’re redeeming your 100,000 bonus points for international or business class flights. This card is suited to cardholders who can repay their balance in full each month, otherwise the interest you collect could easily outweigh the benefit of the rewards.

  • Runner up: Qantas Premier Platinum credit card

Qantas Money gave its debut credit card a makeover with a new name and boost to the bonus points offer this month. The Qantas Premier Platinum credit card now rewards cardholders with 75,000 Qantas Points when they spend $3,000 in the first 90 days. This is a big improvement from the 60,000 points that were previously awarded when cardholders met the same spend requirement. You can also earn up to 1 Qantas Point per $1 spent on eligible purchases in Australia up to $10,000 per statement period (0.5 points per $1 thereafter), 1.5 points per $1 spent overseas and 2 points per dollar spent on eligible Qantas purchases.

Suited to loyal Qantas customers, cardholders are also rewarded with complimentary insurance, a concierge service and two single-entry complimentary lounge invitations each year. You can use the passes when visiting eligible domestic Qantas Club lounges and Qantas-operated business lounges overseas. These perks come at the cost of a $149 p.a. annual fee in the first year which reverts to $299 p.a. after that.

Want to see your other options? Compare other Qantas Frequent Flyer credit cards.

Best card for Velocity Frequent Flyer Points

  • Virgin Australia Velocity High Flyer cardvirgin-high-flyer250x158

  • Bonus points. 80,000 Velocity Points.
  • Earn rate. Up to 1 Velocity Point per $1.
  • Annual fee. $289 p.a.
  • Offer end date. 30 November 2017.

The Virgin Australia Velocity High Flyer card has topped the Velocity category once again. You can earn up to 80,000 bonus points, but the spend requirements are a little trickier than other rewards cards. Once you’ve activated your card, you can earn 16,000 bonus points every month you spend at least $3,000 on eligible purchases in the first five months. So, this means you have the potential to earn up to a total of 80,000 bonus Velocity Points in the first five months.

When you combine the standard earn rate and bonus points, that equates to roughly 6.3 Velocity Points per $1. Before you get lured in by the promise of the bonus points, make sure that this spend requirement fits in with your budget. 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 redeem these points for flights and other rewards with Virgin Australia.

You’re also rewarded 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 get it. You can also travel in style with two passes to Virgin Australia lounges each year as well.

The card has an annual fee of $289 p.a. and a purchase rate 20.74% p.a. Ideally, you should earn enough rewards to outweigh the annual fee and aim to pay your balance in full every month to avoid interest.

  • Runner up: American Express Velocity Platinum

The American Express Velocity Platinum card may only boast 50,000 bonus Velocity Points, but it offers a better points per dollar earn rate considering the spend requirement. You only have to spend $1,500 in the first three months. That roughly equates to 34.3 Velocity Points per $1 spent and could offer better value for money if you don’t plan to spend $3,000 every month for the first five months to get the larger bonus points offer with the Velocity High Flyer card.

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. Plus, 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.

However, this card has a higher cost of $375 p.a. annual fee and 20.74% p.a. purchase rate.

Check out our guide to compare other credit cards that earn Velocity Points.

Best card for credit card reward points

  • Citi Platinum credit cardciti-plat-card250x157

  • 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 score 100,000 bonus Citi Reward points.

If you booked through Citi Rewards, you could use the 100,000 bonus points to book a one-way economy flight from Sydney to Hanoi. You could also exchange these for 40,000 Velocity Points if you prefer frequent flyer rewards. You’ll also earn 1 point per $1 on domestic purchases (up to $10,000 per statement period) and this same earn rate but uncapped on international spend.

The card is catered to frequent flyers with its complimentary travel insurance and personal concierge service. It’s also linked with the Citibank Dining Program, which offers a free bottle of wine when you dine at partnered restaurants.

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 suited to cardholders who can’t afford to pay their balance in full each month.

  • Runner up: NAB Rewards Signature

The NAB Rewards Signature also rewards its cardholders with 100,000 bonus NAB Rewards points. You just have to apply by 25 February 2018 and spend $3,000 on everyday purchases in the first 60 days to qualify for the bonus.

You’ll also earn 1.25 standard points per dollar spent on everyday 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 these are all rewarding features, the card comes with a higher annual fee of $295 p.a. and a purchase rate of 19.99% p.a.

Want to compare points credit cards from other banks? Check out our guide to rewards credit cards.

Although these cards offer some of the most competitive bonus points offers available on the market this month, you should make sure you compare a few options before applying to find the most rewarding card for you.

Compare the best frequent flyer and reward credit cards

Rates last updated August 20th, 2018
Name Product Bonus Points Rewards Program Rewards Points per $ spent Purchase rate (p.a.) Annual fee Product Description
NAB Qantas Rewards Signature Card
90,000 bonus points
Qantas Frequent Flyer


1
19.99% p.a.
$295 p.a. annual fee for the first year ($395 p.a. thereafter)
Collect 90,000 bonus Qantas Points when you spend $4,000 within 60 days of account opening. Plus, a $295 annual fee in the first year.
Qantas Premier Platinum
60,000 bonus points
Qantas Frequent Flyer


1
19.99% p.a.
$299 p.a.
Get 60,000 bonus Qantas points, a $300 Qantas Flight Voucher and complimentary lounge passes.
Virgin Australia Velocity High Flyer Card - 80k Bonus Points offer
80,000 bonus points
Velocity Frequent Flyer


1
20.74% p.a.
$289 p.a.
Take off sooner with up to 80,000 bonus Velocity Points and earn up to 1 Velocity Point per $1 spent. Plus, a 15 month balance transfer offer.
American Express Velocity Platinum Card
50,000 bonus points
Velocity Frequent Flyer


1.5
20.74% p.a.
$375 p.a.
Receive 50,000 bonus Velocity Points, a complimentary Virgin Australia return Economy domestic flight each anniversary year, plus, 2 lounge passes.
Citi Platinum Credit Card - 100k Bonus Points
100,000 bonus points
Citi Rewards Program


1
20.99% p.a.
$49 p.a. annual fee for the first year ($149 p.a. thereafter)
Earn 100,000 reward Points, enjoy a long-term balance transfer offer, a discounted first year annual fee and complimentary travel insurance.
NAB Rewards Signature Card
90,000 bonus points
NAB Rewards


1.25
19.99% p.a.
$295 p.a.
Receive 90,000 bonus NAB Rewards points, worth over $450 in gift cards or 45,000 Velocity points when you meet the spend requirement.

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