Best frequent flyer and rewards credit cards November 2018
Reward yourself with up to 120,000 bonus points this Christmas.
With Christmas fast approaching, many Australian credit card issuers are bolstering their rewards offers to entice new points chasers. So what better time to start comparing credit cards to reward your spending this holiday season?
To help you pick the right card for you, we’ve rounded up the credit cards with the biggest bonus points offers available through finder in November. We’ve also categorised the list by cards that earn Qantas Points, Velocity Points or credit card rewards.
How did we pick this month’s round-up of offers?
There is no one best rewards or frequent flyer credit card for every Aussie. 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 also only included cards that offer earn rates of 0.5 points per $1 spent or more.
Best credit cards to earn Qantas Points
American Express Westpac Altitude Black bundle – Qantas
- Bonus points. Up to 120,000 bonus Qantas Points
- Earn rate. Up to 2.25 Qantas Points per $1 spent
- Annual fee. $300 in the first year ($499 p.a. thereafter)
The American Express Westpac Altitude Black bundle – Qantas currently rewards new cardholders with up to 120,000 bonus Qantas Points.
If you apply for this Mastercard (issued by Westpac) and American Express (issued by Amex) bundle by 27 November 2018 and opt in to Altitude Qantas Rewards, you will earn 80,000 bonus Qantas Points when you use your Mastercard to spend $3,000 on eligible purchases in the first 90 days. You will also earn 40,000 bonus Qantas Points when you spend $3,000 on eligible purchases on the Amex card in the first 90 days.
With 120,000 Qantas Points, you could fly from Sydney to Chicago (112,000 points) or Dubai (96,000 points) in business class. It's also more than enough to fly return in economy from Sydney to New York or London (both 120,000 points).
You’ll enjoy different uncapped earn rates depending on which card you’re using. With the American Express card, you will earn 2 Qantas Points per $1 spent on eligible purchases made in a foreign currency, 1.25 Qantas Points per $1 spent on eligible spending in Australia and 0.5 points per $1 spent on eligible spending with government bodies in Australia. The Mastercard offers 0.75 Qantas Points per $1 spent on all eligible purchases. You’ll earn 1 additional point per $1 spent on Qantas products and services in Australia. These are some of the most competitive Qantas Points earn rates currently on the market.
You’ll receive two complimentary entries per year to the American Express Lounge at Sydney or Melbourne International Airports with the Amex card. The Mastercard offers two complimentary Qantas Lounge invitations per year after your first Altitude Black Card spend on selected Qantas products and services. You can also save on travel costs with complimentary travel insurance.
If you apply for this card by 27 November 2018, you’ll save with a reduced annual fee of $300 p.a. in the first year. This reverts to $499 p.a. ($199 for the Amex, $250 for the Mastercard and a $50 Qantas Rewards fee) thereafter. Both cards also charges a high purchase rate of 20.24% p.a., so it’s best suited to cardholders who pay their account in full each month.
Honourable mention: ANZ Frequent Flyer Black
The ANZ Frequent Flyer Black card also boasts 120,000 bonus Qantas Points, but it has a higher first year annual fee and spend requirement than the card bundle above. You have to spend $7,500 on eligible purchases within the first 3 months to get the points. However, you'll also receive $150 back to your account when you meet this spend requirement. This can help to offset the $425 annual fee.
You'll earn 1 Qantas Point per $1 spent on eligible purchases up to $7,500 per statement period (0.5 points per $1 after that). The ANZ Frequent Flyer Black also offers 75 bonus Status Credits when you apply by 31 March 2019 and book and travel on two new Qantas flights by 30 June 2019. Please note that one return flight also meets this travel requirement.
You'll also receive two complimentary Qantas Club Lounge invitations per year and unlimited complimentary access to Véloce airport lounges around the world.
Check out other Qantas Frequent Flyer credit cards.
Best credit cards to earn Velocity Points
American Express Velocity Platinum credit card (Online offer)
- Bonus points. 90,000 Velocity Points
- Earn rate. Up to 2.5 Velocity Points per $1 spent
- Annual fee. $375 p.a.
The American Express Velocity Platinum credit card tops the Velocity list once again with its big bonus points offer. You'll earn 90,000 bonus Velocity Points when you apply online by 14 November 2018 and spend $3,000 in the first 3 months of card approval.
To give you an idea of what you could do with the bonus points alone, you could fly return from Melbourne to Los Angeles in economy (89,600 points) or return from Brisbane to Auckland in business class (71,000 points).
You will earn 1.5 Velocity Points per $1 spent on eligible purchases and 0.5 points per $1 spent with government bodies with this card. Rewarding loyal Virgin Australia customers, you'll earn an additional 1 Velocity Point per $1 you spend on eligible Virgin purchases. With up to 2.5 Velocity Points per $1 spent up for grabs and no points caps, this is one of the most competitive Velocity earn rates on the market right now.
If you spend $50,000 on eligible purchases over the course of your membership year, you'll earn 100 Velocity Frequent Flyer Status Credits, which you can use to climb up the Velocity status tiers. This is the only card on the Australian market that offers Velocity Status Credits right now.
You'll receive a complimentary domestic return Virgin Australia flight and two single entry passes to Virgin Australia lounges each year. Thanks to your Amex, you'll get two complimentary entries to use at the American Express Lounge at Sydney International Airport and Melbourne International Airport each year. You can also travel with peace of mind and save on necessary travel costs with complimentary travel insurance.
This card charges a $375 p.a. annual fee and a high purchase interest rate of 20.74% p.a., so this card is more rewarding to cardholders who can pay their balance in full each month and take advantage of the extra features to justify the yearly fee.
Honourable mention: Virgin Australia Velocity Flyer card – Bonus points offer
Until 31 January 2019, you can score up to 60,000 bonus points when you get the Virgin Australia Velocity Flyer card and meet the spend requirements. You'll earn 20,000 Velocity Points each month you spend at least $1,500 on eligible transactions for the first 3 months.
This bonus points offer is smaller for a bigger spend requirement, but this card charges a lower annual fee of $64 in the first year and $129 p.a. after that.
You'll earn 0.66 Velocity Points per $1 spent until you reach $1,500 each statement period. After that you'll get 0.5 points per $1 spent. This card also comes with a $129 Virgin Australia gift voucher each year, which can help outweigh the standard annual fee.
Best credit cards to earn reward points
American Express Westpac Altitude Platinum bundle (finder exclusive)
- Bonus points. 90,000 Altitude Points.
- Earn rate. Up to 3 Altitude Points per $1 spent
- Annual fee. $0 in the first year ($199 p.a. thereafter)
When you apply for the American Express Westpac Altitude Platinum bundle on finder by 12 December 2018, you can score up to 90,000 bonus Altitude Points. You'll earn 75,000 bonus points when you spend $3,000 in the first 90 days of approval on your Visa and 15,000 bonus points when you meet the same spend requirement on your Amex.
If you apply for this card anywhere else, you'll only earn 75,000 points for meeting the same spend requirement. So this is an easy way to pick up extra bonus points without spending any more.
You can redeem your Altitude Points for products from the Altitude Rewards store or exchange them for frequent flyer points with partnered programs including Virgin Australia's Velocity, Cathay Pacific Asia Miles, Air New Zealand Airpoints, Malaysia Airlines Enrich and Singapore Airlines KrisFlyer. To give you an example, you could exchange your 90,000 Altitude Points for 45,000 Velocity Points if you prefer frequent flyer rewards.
This card offers competitive standard earn rates. With the American Express, you'll earn 3 Altitude Points per $1 spent on purchases in a foreign currency, 2 Altitude Points per $1 spent in Australia as well as 1 Altitude Point per $1 spent on government transactions (such as ATO bills). You'll earn 1 Altitude Point per $1 spent with the Visa.
This card also offers complimentary travel insurance and comes with access to Amex Offers and Amex Invites.
When you apply by 12 December 2018, you'll save with a $0 first year annual fee. This reverts to $199 p.a. thereafter. This card charges 20.24% p.a. on purchases and $0 for a secondary cardholder.
If you like the sound of this exclusive offer but would prefer 90,000 bonus Qantas Points, check out our review of the American Express Westpac Altitude Platinum – Qantas bundle.
Honourable mention: St.George Amplify Signature (Online offer)
You'll score 100,000 bonus Amplify Points when you apply for the St.George Amplify Signature card online and spend $4,000 on a new card within 90 days of approval. You can redeem these points for products from the Amplify Rewards store or exchange them for frequent flyer points. You could get 50,000 Velocity Points with your 100,000 Amplify Rewards.
This card has a lower standard earn rate of 1.5 points per $1 spent on eligible purchases, but it's still a competitive offer. The St.George Amplify Signature also offers cardholders a $0 annual fee in the first year, but the annual fee reverts to a higher $279 p.a. thereafter.
Travel perks include two complimentary Priority Pass airport lounge passes per year and complimentary international travel insurance.
You can compare other rewards credit cards on finder.
Compare these credit cards side by side
These are just some of the frequent flyer and rewards credit cards with the biggest bonus points offers available on finder this November. As a bunch of card issuers are ramping up their rewards offers ahead of the Christmas season, make sure to compare other frequent flyer and rewards credit cards to find the right one for you.