Best frequent flyer and rewards credit cards September 2017
Credit cards with enough bonus points to pay for your next holiday this summer.
Do you want to earn reward or frequent flyer points for every dollar you spend? To make your comparison easier, we’ve narrowed down some of the most competitive offers to check out this month.
There is no one best frequent flyer or rewards credit card for every points chaser, so we’ve based this month’s roundup on the products with the highest bonus points offers that are available through finder. For more options, you can check out our rewards and frequent flyer credit card guides.
To cater to different types of points collectors, we’ve also picked out the best cards that earn Qantas Points, Velocity Points and credit card reward points.
Please note that all of the rates, features and fees mentioned here are correct at the time of publication.
Best card for Qantas Frequent Flyer Points
If you’re a Qantas Frequent Flyer, check out these two card offers for the highest bonus points promotions:
- Bonus points. 100,000 bonus Qantas Points.
- Earn rates. Up to 2.5 Qantas Points per $1.
- Annual fee. $450 p.a.
- Offer end date. 2 October 2017.
For the third month in a row, the Qantas American Express Ultimate card tops the Qantas Frequent Flyer category. This is because the card's 100,000 bonus Qantas Points offer is one of the most competitive of its kind in the market right now. That's enough points to redeem a return Economy flight from Sydney to Los Angeles or a one way first class flight to Hong Kong. The offer is only available to cardholders who apply by 2 October 2017 and spend $1,500 in the first three months.
You’ll also earn 1.5 Qantas Points per $1 spent on eligible purchases and 0.5 Qantas Points per dollar you spend on government transactions (such as ATO bills). If you use your card to make a purchase with Qantas, you’ll earn an extra 1 Qantas Point per $1.
The perks don’t end here either. You’ll receive one complimentary domestic return economy flight ticket and two entries to the American Express Lounge at Sydney International Airport each year. Like most frequent flyer credit cards, the card also comes with complimentary international travel insurance.
The card comes at the cost of a $450 annual fee and a purchase rate of 20.74% p.a., so it’s best suited to cardholders who can earn enough points to outweigh these rates and fees.
- Runner up: NAB Qantas Rewards Signature card
The NAB Qantas Rewards Signature card is a close second with its 90,000 bonus Qantas Points offer. Although, it has a higher spend requirement of $4,000 in the first 60 days of opening the account. You’ll also earn 1 Qantas Point per $1 spent up to $5,000 and then 0.5 Qantas Points per $1 spent between $5,001 and $20,000 per statement period. The card may have a lower bonus points offer and capped earn rate, but it also has a lower annual fee of $395.
Best card for Velocity Frequent Flyer Points
Are you a Velocity lover? These two cards offer some of the most competitive bonus points this month:
- Bonus points. 80,000 points.
- Earn rates. Up to 1 Velocity Point per $1.
- Annual fee. $289 p.a.
- Offer end date. 31 October 2017.
The Virgin Australia Velocity High Flyer card is back in the top spot for Velocity products this month. You can earn up to 80,000 bonus points, but the spend requirements are a little trickier than some of the other offers.
That's roughly enough points to get you a premium economy return flight from Sydney to Denpasar (Bali)! Once you’ve activated your card, you can receive 16,000 bonus points every month you spend at least $3,000 on retail 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. You’ll also collect 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 also save on travel costs with a complimentary travel insurance, two annual passes to Virgin Australia lounges each year and an annual complimentary $129 Virgin Australia gift voucher.
To receive the flight voucher, just make sure you make an eligible purchase on your card within two months of requesting your voucher. The card has an annual fee of $289 p.a. and a purchase rate of 20.74% p.a. Given this and the high bonus points spend requirements, make sure that the perks outweigh the costs before you apply.
Runner up: American Express Velocity Platinum card
The American Express Velocity Platinum offers 50,000 bonus Velocity Points when you spend $1,500 in the first three months. The card also has a competitive earn rate of 1.5 Velocity Points per $1 spent on everyday purchases and an additional Velocity Point per $1 spent on select Virgin Australia purchases. Although it has a pricy annual fee of $375, the card also offers a complimentary domestic return Virgin Australia flight each year, travel insurance and two single entry passes to Virgin Australia lounges each year.
Best card for credit card rewards
If you prefer the flexibility of credit card rewards, these cards have some of the highest bonus points offers among rewards credit cards right now.
- Bonus points. 100,000 Membership Rewards.
- Earn rate. Up to 2 Membership rewards per $1.
- Annual fee. $395 p.a.
- Offer end date. 2 October 2017.
The American Express Explorer credit card and its whopping 100,000 bonus Membership Rewards points takes the cake in the rewards credit card category this month. Just make sure you apply by 2 October 2017 and spend $1,500 in the first three months to snag the 100k Membership Rewards. You can redeem these points to pay for purchases, shop with partners such as David Jones or swap for frequent flyer points with programs including Velocity, Asia Miles and Etihad Guest.
You’ll also earn 2 Membership Rewards per $1 spent on eligible purchases and 0.5 points per $1 spent on government purchases. You can also save on travel costs with complimentary travel insurance and a $400 travel credit to redeem for flights and more through American Express Travel. Plus, you can travel in style thanks to two complimentary passes to the American Express Lounge each year.
The card also has an annual fee of $395 p.a. And a purchase rate of 20.74% p.a. The bonus points and travel voucher should help offset this cost, but this card is best suited to cardholders who pay their balance in full each month to avoid collecting interest.
Runner up: Westpac Altitude Black credit card
The Westpac Altitude Black credit card offers 80,000 bonus Altitude points to cardholders who spend at least $5,000 on eligible purchases within the first 90 days. With this dual card, you’ll earn 1.25 Altitude Rewards points per $1 spent in Australia and 3 points per $1 spent overseas with the Mastercard. The American Express card has a higher earn rate, with 2.5 points per $1 spent in Australia and overseas. The card also offers two complimentary Priority Pass lounge passes, two passes to the American Express lounge and complimentary insurance.
The card has a standard annual fee of $395, but you’ll receive a discounted $195 annual fee for the first year if you apply by 26 October 2017.
These cards boast some of the most competitive bonus points offers available through finder, but you should base your comparison on more than bonus points. Make sure to also consider the standard earn rate, extra card features as well as the annual fee and interest rates to find the right rewards or frequent flyer credit card for you.
Compare the best frequent flyer and reward credit cards