Best frequent flyer and rewards credit cards October 2018
Reward your Christmas spending and book your next holiday sooner with credit cards that boast up to 200,000 bonus points.
With Christmas just around the corner, now is the time to start comparing if you’re in the market for a new credit card. And what better way to reward your spending than with a competitive frequent flyer credit card. To help you narrow down your options, we’ve rounded up the credit cards with the biggest bonus points offers available through finder this month. To help you find the right card for your points goal, we’ve also categorised the round-up by cards that can earn you Qantas Points, Velocity Points or credit card rewards.
How did we pick this month’s round-up of offers?
There is no one best points credit card for every Aussie. We’ve picked this month’s line-up 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 and earn rates of 0.5 points per $1 spent or more.
Qantas Frequent Flyer credit cards
- Bonus points. Up to 120,000 bonus Qantas Points
- Earn rate. Up to 2 Qantas Points per $1 spent
- Annual fee. $300 p.a. in the first year ($499 p.a. thereafter)
The American Express Westpac Altitude Black bundle - Qantas currently gives new cardholders the chance to earn 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 can earn 80,000 bonus Qantas Points on the Mastercard when you spend $3,000 on eligible purchases in the first 90 days. You can also earn 40,000 bonus Qantas Points when you spend $3,000 worth of eligible purchases on the Amex card in the first 90 days.
With 120,000 Qantas Points, you could fly from Sydney to Rio de Janeiro, Helsinki (both 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 Los Angeles (90,000 points) or Amsterdam (120,000 points).
You’ll also enjoy different uncapped earn rates depending on which card you’re using. With the American Express card, you can earn 2 Qantas Points per $1 spent on eligible purchase 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. 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 also 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 come with 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: St.George Amplify Signature - Qantas card
If you apply for the St.George Amplify Signature - Qantas card by 23 January 2019 and spend $4,000 in the first 90 days, you’ll earn 80,000 bonus Qantas Points. You’ll also earn 0.75 Qantas Points per $1 spent on eligible purchases in Australia and overseas. You can also enjoy travel perks including two complimentary Qantas Club Lounge invitations per year and overseas complimentary travel insurance.
If you apply for the St.George Amplify Signature – Qantas card by 23 January 2019, you’ll also save with a discounted $179 p.a. first-year annual fee. This reverts to the standard $279 p.a. fee after the first year. This card also charges 19.49% p.a. on purchases, so it’s suited to cardholders who can pay their account in full each month.
Velocity Frequent Flyer credit cards
- Bonus points. 75,000 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 boasts one of the biggest Velocity Points offers on the market right now. When you apply by 14 November 2018 and spend $3,000 in the first 3 months from card approval, you’ll score 75,000 bonus Velocity Points! That’s enough points to fly from Sydney to Los Angeles in premium economy, return from Sydney to Fiji in business class or return from Melbourne to Auckland in business class (all priced 71,000 points excluding taxes and fees).
You will also collect 1.5 Velocity Points per $1 spent on eligible purchases and 0.5 points per $1 spent with government bodies with the Amex Velocity Platinum card. Suited to loyal Virgin Australia customers, you’ll also earn an extra 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 currently on the market.
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 market that offers Velocity Status Credits at the moment.
You can plan your next holiday sooner with a complimentary domestic return flight with Virgin Australia each year. You’ll also travel in style with two complimentary single entry passes to Virgin Australia lounges at select airports per year. You’ll also receive two complimentary entries to use at the American Express Lounge at Sydney International Airport and the Melbourne International Airport each year. You can also reduce your travel costs with complimentary travel insurance.
These competitive points perks and extra features come at the cost of a $375 annual fee. You can offset the annual fee if you make full use of the bonus points offers, earn rates and extra features. This card also charges a high purchase rate of 20.74% p.a., so it’s best suited to cardholders who regularly pay off their balance in full each month.
Honourable mention: Virgin Australia Velocity Flyer card
Until 31 October 2018, new Virgin Australia Velocity Flyer card customers can earn up to 60,000 bonus points when they meet the spend requirements. You’ll receive 20,000 Velocity Points each month you spend $1,500 on eligible transactions for the first 3 months, bringing your total points potential to 60,000 Velocity Points.
Although the bonus points offer is smaller for a larger spend requirement, this card has a smaller annual fee of $64 p.a. in the first year and $129 p.a. after that.
You’ll also earn 0.66 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.
Credit card rewards
- Bonus points. Up to 200,000 Citi Rewards points
- Earn rate. 1 point per $1 spent
- Annual fee. $49 p.a. in the first year ($149 p.a. thereafter)
The Citi Platinum credit card has one of the biggest bonus points offer on the market right now. Until 31 March 2019, you can collect up to 200,000 bonus Citi Rewards points. To earn the maximum number of points, you must spend at least $1,000 per month for the first 20 months.
If you’re a frequent flyer, you can exchange your Citi Rewards for Velocity Points, Emirates Skywards Miles and Singapore Airlines KrisFlyer. As an example, 2.5 Citi Rewards equals 1 Velocity Point, so you’d get 80,000 Velocity Points with the current bonus points promotion. That's more than enough Velocity Points to travel from Sydney to LA in premium economy (71,700 points) or return from Melbourne to Auckland in business class (71,000 points).
You’ll also receive 1 Citi Rewards Point per $1 spent in Australia (up to $10,000 per statement period) and overseas (uncapped). You can save on holiday costs with complimentary travel insurance and enjoy access to the Citi Dining Program, so you will receive a free bottle of wine when you visit participating restaurants.
This card has a reduced first-year annual fee of $49 (which reverts to $149 p.a. after that). However, it does have a 20.99% p.a. purchase rate. So it’s still best suited to cardholders who don’t carry a balance from month to month.
Honourable mention: Westpac Altitude Platinum card
Until 27 November 2018, you can earn 60,000 bonus Altitude Points with the Westpac Altitude Platinum card. You’ll get the bonus points if you spend $3,000 on eligible purchases within 90 days of card approval.
You’ll also collect 1 Altitude Point per $1 spent on eligible purchases. You can redeem your Altitude Points for cashback, Altitude travel offers or exchange them for frequent flyer points with Velocity, Singapore Airlines KrisFlyer, Air New Zealand Airpoints and more.
When you apply by 27 November 2018, you’ll also save with a $0 annual fee in the first year (which reverts to $150 p.a. thereafter).
Compare more rewards credit cards from other banks and financial institutions.
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 October. If you want to check out more points-earning credit cards, make sure to compare other frequent flyer and rewards credit cards to find the right one for 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
- ACCC inquiry to crack down on foreign transaction fees