Best frequent flyer and rewards credit cards November 2019
Reward your spending with up to 120,000 bonus points for your next holiday or cashback to boost your savings.
With Christmas just around the corner, now's the time to start comparing if you're in the market for a new credit card. If you want to reward your spending as you tick off the gift list, you've come to the right place. In this month's round-up, you'll find cards with some of the biggest bonus points offers, highest earn rates and most impressive extra perks that are available through Finder in November. As always, we've included a mix of cards for Qantas Frequent Flyers, Velocity Points chasers and people who prefer the flexibility of credit cards rewards and cashback.
How did we pick this month's line-up?
We've hand-picked this month's line-up based on the cards that offer the most competitive bonus points, cashback offers and annual fees available through Finder. To help you earn more points, we've filtered our top picks by cards that offer at least 70,000 bonus points in the first 12 months. When looking at the standard earn rates, we've only included cards that collect 0.5 points per $1 or more. To mix things up, we've also included a cashback offer for those of you who prefer to treat your bank balance over your frequent flyer account.
There's no one best rewards credit card for everyone, so you should compare your options before you commit to a new card.
Best credit cards for Qantas Points
Qantas American Express Ultimate card
- Bonus points. 120,000 Qantas Points.
- Earn rate. Up to 2.25 Qantas Points per $1 spent.
- Annual fee. $450.
The Qantas American Express Ultimate card offers one of the highest bonus points deals for Qantas Frequent Flyers this month. New cardholders who apply by 18 November 2019 can collect 120,000 bonus Qantas Points after they spend $4,500 on eligible purchases in the first 3 months.
That's enough points to book a return business class flight from Sydney to Bali (57,000 Qantas Points each way) or the bulk of a business class flight from Sydney to London (144,600 Qantas Points).
This isn't the only card offering 120,000 bonus points right now but it's one of the few that rewards the total number of bonus points all at once. This is unlike some other cards that reward a portion of the bonus points in the first few months from card approval and the rest after you pay the second-year annual fee.
The card has a competitive and uncapped earn rate as well. You'll earn 1.25 Qantas Points per $1 spent on eligible purchases and an additional 1 Qantas Point when you book flights or make another eligible purchase with Qantas Australia. You can collect 0.5 points per $1 spent with government bodies in Australia.
Each year you'll receive a $450 Qantas Travel Credit which you can use to book eligible domestic and international Qantas flights through the American Express travel website. You can cut travel costs even further with complimentary international travel insurance.
Enjoy comfortable seating, complimentary food and drinks, shower suites and other perks before flying with four complimentary airport lounge passes each year. This includes two Qantas Club lounge invitations after you meet the eligible spend and two entries to the American Express Lounges at Sydney International (Kingsford Smith) Airport T1 or Melbourne International Airport T2.
This card is only available to people who have an annual income of at least $65,000 and it charges a high annual fee of $450. It also charges a 20.74% p.a. purchase rate, so it's important to pay your balance in full each month to get the most out of the card.
Honourable mention: Qantas Premier Platinum
The Qantas Premier Platinum credit card also offers up to 120,000 bonus points to new cardholders. When you apply by 26 February 2020, you'll earn 20,000 bonus points when you spend at least $1,500 on eligible purchases each month for the first six months. You'll earn 2 points per $1 spent on eligible Qantas transactions, 1.5 points per $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).
Travellers can enjoy two complimentary single-entry lounge invitations that can be used at Qantas Club lounges and eligible Qantas-operated international business lounges. You can travel cheaper with up to 20% off domestic companion flights once each year when you book through the Qantas Premier Concierge service and complimentary travel insurance.
You can save $100 in the first year with a discounted annual fee of $199 (which reverts to $299 p.a. after that). It also charges a 19.99% p.a. purchase interest rate.
Best credit cards for Velocity Points
Virgin Australia Velocity Flyer Card – Bonus points offer
- Bonus points. 70,000 Velocity Points.
- Earn rates. Up to 0.66 Velocity Points per $1.
- Annual fee. $64 in the first year ($129 p.a. thereafter)
New Virgin Australia Velocity Flyer cardholders can collect up to 70,000 bonus Velocity Points when they meet the spend requirements. When you apply by 2 December 2019, you'll earn 20,000 bonus Velocity Points each month you spend $1,500 or more on eligible purchases for the first three months. You'll earn an additional 10,000 bonus points after your card's first anniversary, bringing your bonus points total to 70,000.
You could use your bonus points to book a return economy flight from Melbourne to Singapore (70,000 Velocity Points) or a return flight from Brisbane to Christchurch in business class (35,500 Velocity Points each way). This card rewards 0.66 Velocity Points per $1 spent up to $1,500 per statement period and 0.5 points per $1 after that.
Each year you'll receive a $129 Virgin Australia voucher when you use your card to make a retail purchase within two months before requesting your voucher to unlock your benefit. Plus, you can travel with peace of mind thanks to complimentary travel insurance cover.
There are some cards with bigger bonus points offers but they also charge higher annual fees, whereas the $64 first-year annual fee ($129 p.a. thereafter) is low compared to other Velocity credit cards. It charges a high 20.74% p.a. purchase rate and shouldn't be used to carry balances from month to month.
Honourable mention: Westpac Altitude Platinum card – Velocity
You can earn 60,000 bonus Velocity Points when you spend $3,000 in the first 90 days with the Westpac Altitude Platinum card – Velocity. You'll also earn 0.5 Velocity Points per $1 spent on eligible transactions. You can add a little extra luxury to your next flight with two Economy X Seat Upgrade vouchers to use on eligible domestic flights when you add your membership number to your account and use your card to spend with Virgin Australia.
This card comes with a concierge service, which you can use for help with booking travel, hotels, restaurant reservations, concert tickets and more. You can also save on holiday costs with complimentary travel insurance. These perks come at the cost of a $200 annual fee ($150 standard fee and a $50 Velocity Rewards fee) and a 20.49% p.a. purchase interest rate.
Best credit cards for other rewards
Citi Rewards Platinum credit card
- Bonus points. Up to 120,000 Citi reward Points.
- Earn rate. Up to 1 point per $1.
- Annual fee. $49 in the first year ($149 p.a. after that)
Citi Rewards Platinum credit card customers who apply by 31 January 2020 can collect up to 120,000 bonus Citi reward Points. You'll get 80,000 bonus points after spending $3,000 in the first 90 days and an additional 40,000 bonus points after paying the second year's annual fee.
You can redeem 120,000 reward Points for $550 worth of David Jones gift vouchers, 48,000 Velocity Points or around 90,225 flybuys points, just to give a few examples. You'll earn 1 Citi reward Point per $1 spent on eligible purchases, up to $10,000 per statement period on domestic transactions and uncapped for international spend.
When you apply by 31 January 2020, you can save $100 with a reduced annual fee of $49 in the first year (which reverts to $149 p.a. after that). Make sure to also factor in the 21.49% p.a. purchase rate when considering the costs.
The Citi Rewards Platinum card also offers complimentary international travel insurance, a 24/7 concierge service and is linked with the Citibank Dining Program.
ING Orange One Platinum – Exclusive offer
The ING Orange One Platinum credit card is the one pick in this month's round-up that rewards cardholders with cashback instead of points. You'll earn 1% cashback on all eligible spend up to $30 each month. This means that if you spend $3,000 each month, you can get $360 cashback in a year.
When you apply for the ING Orange One Platinum credit card by 30 November 2019 and enter the promo code FINDER on the application form, you'll save with $0 annual fee in the first year. The annual fee reverts to $149 after that and the purchase rate is 16.99% p.a.
With a foreign currency conversion fee rebate and complimentary international travel insurance, this card is also designed to suit travellers.
Compare these credit cards side by side