Best frequent flyer and rewards credit cards September 2018

Posted: 3 September 2018 6:00 pm
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Book your business class flight sooner with up to 200,000 bonus points.

Spring is here, so what better time is there to spark your wanderlust by giving your points balance a nice big boost with some bonus points? Whether you’re a Qantas Frequent Flyer, Velocity Frequent Flyer or prefer the flexibility of credit card rewards, we’ve rounded up some of the credit cards with the biggest bonus points offers available through finder this month. We also weigh up the regular earn rates and extra features against the rates and fees to help you decide if the perks outweigh the price tag.

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 or more.

Qantas Frequent Flyer credit cards

  • St.George Amplify Signature – Qantas

  • Bonus points. 90,000 Qantas Points.
  • Earn rate. 0.75 Qantas Points per $1.
  • Annual fee. $179 p.a. first year annual fee when you apply online ($279 p.a. thereafter).

You can earn a whopping 90,000 bonus Qantas Points with the St.George Amplify Signature – Qantas card right now. You have to spend $4,000 on eligible purchases in the first 90 days of card approval to score the points, but it’s one of the biggest bonus Qantas Points offers on the market.

With 90,000 Qantas Points, you could fly return from Sydney to San Francisco in economy or from Melbourne to Hong Kong in first class. It's also almost enough to fly from Sydney to Dubai in business class (which would set you back 96,000 points).

You’ll also collect 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 online by 2 October 2018, you’ll also save with a discounted $179 p.a. first-year annual fee. This offer is only available to online applicants and the annual fee 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.

  • Honourable mention: NAB Qantas Rewards Signature card

The NAB Qantas Rewards Qantas Signature card also boasts 90,000 bonus Qantas Points to new cardholders who spend $4,000 on eligible purchases in the first 60 days of account opening.

You can 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. This card also comes with complimentary travel insurance and a concierge service. However, it charges a higher annual fee of $295 p.a. in the first year ($395 p.a. thereafter).

Want more options? Start comparing other Qantas Frequent Flyer credit cards.

Velocity Frequent Flyer credit cards

  • American Express Velocity Platinum (finder exclusive)Amex Velocity Platinum

  • Bonus points. 70,000 Velocity Points.
  • Earn rate. Up to 2.5 Velocity Points per $1.
  • Annual fee. $375 p.a.

Exclusive to finder users, you can score 70,000 bonus Velocity Points when you apply for the American Express Velocity Platinum card right now. You can nab the bonus points when you apply through finder by 26 September 2018 and spend $3,000 in the first 90 days. If you apply anywhere else, you’ll only get 50,000 bonus points for meeting the same spend requirement.

There are other competitive Velocity Points offers on the market, but this offer presents some of the best value for your money. Combined with the standard earn rate of 1.5 points per $1, this means you could earn 74,500 Velocity Points when you meet the bonus points required spend. That boils down to roughly 24 Velocity Points per $1 spent. We’ll weigh this up against another Velocity bonus points offer below.

You will earn 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 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 be rewarded with 100 Velocity Frequent Flyer Status Credits, which you can use to climb up the Velocity status tiers. This is currently the only card on the market that offers Velocity Status Credits.

The travel perks don’t end there either. You can fly sooner with a complimentary domestic return flight with Virgin Australia every year. You can also travel in style thanks to 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 Melbourne International Airport each year. You can also cut 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

The Virgin Australia Velocity Flyer card is currently offering new cardholders up to 60,000 bonus Velocity Points when they apply by 31 October 2018 and meet the spend requirements. You’ll collect 20,000 Velocity Points each month you spend $1,500 on eligible transactions for the first three months.

This brings your total bonus points reward to 60,000 Velocity Points, which equals roughly 13 Velocity Points per $1 spent to get the bonus. As you can see, the value of the bonus points offer here is lower than the current American Express Velocity Platinum exclusive with finder. However, this card charges a much smaller annual fee of $64 p.a. in the first year and $129 p.a. after that.

You’ll also collect 0.66 points per $1 spent until you reach $1,500 each statement period. Then you’ll get 0.5 points per $1 after that. This card also comes with a $129 Virgin Australia gift voucher each year, which can help offset the standard annual fee.

You can compare more Velocity Frequent Flyer credit cards on finder.

Rewards credit cards

  • Citi Platinum credit card

  • 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 boasts one of the biggest bonus points offers on the market right now. Until 31 March 2019, you can earn up to 200,000 bonus Citi Rewards points. To earn the maximum number of points, you’ll need to spend at least $1,000 per month for the first 20 months.

You’ll also earn 1 Citi Rewards Point per $1 spent in Australia (up to $10,000 per statement period) and overseas (uncapped). If you’re a frequent flyer, you can transfer your points to your accounts with Velocity, Emirates Skywards Miles and Singapore Airlines KrisFlyer. To give you an example, you can earn 1 Velocity Point per 2.5 Citi Rewards, so you’d get 80,000 Velocity Points with the bonus points bounty. 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 can save with complimentary travel insurance and access to the Citi Dining Program, so you can enjoy a free bottle of wine when you dine at participating restaurants.

This card boasts these platinum perks without the high costs. It 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 treat yourself to 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

Rates last updated September 22nd, 2019
Name Product Bonus Points Rewards Program Rewards Points per $ spent Purchase rate (p.a.) Annual fee Product Description
St.George Amplify Signature - Qantas
90,000 bonus points
Qantas Frequent Flyer
0.75
19.74% p.a.
$179 p.a. annual fee for the first year ($279 p.a. thereafter)
Get 90,000 bonus Qantas Points when you spend $4,000 in 90 days and 2 complimentary Qantas Club lounge invitations per year.
NAB Qantas Rewards Signature Card
120,000 bonus points
Qantas Frequent Flyer
1
19.99% p.a.
$295 p.a. annual fee for the first year ($395 p.a. thereafter)
Collect up to 120,000 bonus Qantas Points. Get 90,000 when you spend $3,000 on eligible purchases in the first 60 days and 30,000 after 12 months.
American Express Velocity Platinum Card
50,000 bonus points
Velocity Frequent Flyer
1.25
20.74% p.a.
$375 p.a.
Get 50,000 bonus Velocity Points when you spend $3,000 for the first 3 months. Plus, 100 Status Credits and luxury travel perks.
Virgin Australia Velocity Flyer Card - Bonus Points Offer
70,000 bonus points
Velocity Frequent Flyer
0.66
20.74% p.a.
$64 p.a. annual fee for the first year ($129 p.a. thereafter)
Up to 70,000 bonus Velocity Points (20,000 points when you spend $1,500/month in the first 3 months plus 10,000 points after the first anniversary).
Citi Rewards Platinum Credit Card
120,000 bonus points
Citi Rewards Program
1
20.99% p.a.
$49 p.a. annual fee for the first year ($149 p.a. thereafter)
80k bonus Citi reward Points when you spend $3,000 in 90 days and 40k the second year, up to 120,000 total. 120k Points = 48k Velocity Points.
Westpac Altitude Platinum Card
60,000 bonus points
Westpac Altitude Rewards
1
20.49% p.a.
$150 p.a.
Earn 60,000 bonus Altitude Points when you spend $3,000 within 90 days of card approval.

Compare up to 4 providers

These are just some of frequent flyer and rewards credit cards with the biggest bonus points offers available on finder this September. If you want to broaden your choices, make sure to compare other frequent flyer and rewards credit cards to find the right one for you.
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