Best frequent flyer and rewards credit cards September 2019
Celebrate the start of spring and plan your next holiday with up to 120,000 bonus points.
Winter is officially over and what better way to toast to spring than by treating yourself to a whole lotta frequent flyer and reward points. If you're looking for a new credit card to boost your points balance, then look no further. In this month's round-up, we've highlighted some of the most competitive credit cards for Qantas Frequent Flyers, Velocity Points chasers and other rewards programs available through Finder in September.
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, extra perks and annual fees available through Finder. To help you earn more points, we've filtered our top picks by cards that offer at least 50,000 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.
There is no single best rewards credit card for every points chaser, so you should compare your options before you commit to a new card.
Best credit cards for Qantas Points
Qantas Premier Platinum card
- Bonus points. Up to 120,000 Qantas Points.
- Earn rate.Up to 2 points per $1 spent.
- Annual fee.$199 in the first year ($299 p.a. thereafter)
The Qantas Premier Platinum credit card combines one of the largest bonus Qantas Points offers on the market with a reduced annual fee in the first year.
When you apply for this card by 31 October 2019, you'll earn 20,000 points each month you spend at least $1,500 for the first 6 months. That's a total of 120,000 bonus Qantas Points to give your frequent flyer balance a nice little lift.
To give you a few ideas, you could fly return from Melbourne to Las Vegas in business (96,000 points), from Sydney to Paris in premium economy (99,000 points) and from Perth to London in business class (112,000 points).
You can also look forward to a competitive number of points per $1 spent. This card also boasts competitive earn rates. You'll earn 1 Qantas Point per $1 spent in Australia up to $10,000 per statement period and 0.5 points per $1 after that. You'll also pick up 1.5 Qantas Points per $1 spent overseas and 2 points per $1 spent on Qantas flights, Qantas Club membership and purchases through the Qantas Store.
With two single-entry invitations to use at eligible Qantas Club or Qantas-operated international business lounges each year, you can kick off your next holiday in style. You can save up to 20% on flight costs when you use the Qantas Premier Concierge to book a selected domestic companion flight once each year. Like most Qantas cards, the Qantas Premier Platinum card also comes with complimentary international travel insurance.
If you apply for the card by the end of October, you'll save with a discounted $199 annual fee for the first year, which reverts to $299 p.a. after that. Your purchases attract a 19.99% p.a. interest rate, so it's wise to pay your balance in full each month so the costs don't outweigh the rewards.
Honourable mention: NAB Qantas Rewards Signature card
The NAB Qantas Rewards Signature card also offers up to 120,000 bonus Qantas Points. However, the bonus points are spread over the first two years. You'll earn 90,000 bonus points when you spend $3,000 on eligible purchases in the first 60 days and an additional 30,000 bonus points in the 13th month that you've held the card.
Although you can earn the same number of bonus points, you'll have to fork out for a higher $295 first-year annual fee (which reverts to $395 p.a. thereafter).
You'll earn 1 Qantas Point per eligible $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 comes with complimentary international travel insurance but it doesn't offer lounge passes.
Best credit card for Velocity Points
Virgin Australia Velocity High Flyer credit card
- Bonus points. Up to 100,000 Velocity Points.
- Earn rate. Up to 1 Velocity Point per $1 spent.
- Annual fee. $289 p.a.
The Virgin Australia Velocity High Flyer card has one of the biggest bonus points offers for Velocity Points lovers on the market. You'll earn 25,000 bonus Velocity Points each month you spend $3,000 on eligible transactions in the first 3 months (so you can score up to 75,000 bonus points during this time). You'll pocket an extra 25,000 bonus Velocity Points after your card's first anniversary.
With a total bonus points bounty of 100,000 Velocity Points, you could fly from Sydney to LA in business class (95,500 points), return from Melbourne to Fiji in business class (49,500 points each way) and return in premium economy from Brisbane to Singapore (44,700 points each way).
You'll collect 1 Velocity Point per $1 spent on eligible transactions up to $8,000 per month and then 0.5 Velocity Points per $1 spent after that. You can take advantage of a buffet, fully stocked bar, fast Wi-Fi and more before your next flight with two complimentary single-entry passes to Virgin Australia Lounges in Australia.
You'll also receive a $129 Virgin Australia gift voucher each year when you make an eligible purchase within two months before requesting your voucher. Complimentary travel insurance will also help you cut travel costs.
This card charges a $289 annual fee and a high 20.74% p.a. interest rate on purchases. As such, this card is suited to people who will pay their balance in full each month, avoid interest and make use of the frequent flyer program and extra features.
Honourable mention: Westpac Altitude Black – Velocity
Receive 80,000 bonus Velocity Points when you apply for the Westpac Altitude Black – Velocity card by 15 October 2019 and spend $4,000 on eligible purchases within the first 90 days of approval. You'll also earn 0.75 Velocity Points per $1 spent uncapped.
You can upgrade your next flight with two vouchers for Economy X Seat upgrades on eligible domestic flights when you use your card to spend with Virgin Australia. The Westpac Altitude Black Velocity card also offers complimentary travel insurance and two complimentary single-entry Virgin Australia domestic airport lounge invitations.
This card is one of the few that rewards status credits as well. You can ascend the Velocity status tiers with 50 Velocity Status Credits when you spend an additional $6,000 in the first year. These bonus credits alone get you 20% of the way to Silver Status.
Best credit cards for other reward points
Citi Rewards Platinum credit card
- Bonus points. Up to 120,000 Citi reward Points.
- Earn rate. Up to 1 point per $1 spent.
- Annual fee. $49 in the first year ($149 p.a. thereafter).
The Citi Rewards Platinum credit card tops the category for rewards again. This is because it's one of the few cards that couples a big bonus points offer with a cheap annual fee. If you apply by 31 January 2020 and spend $3,000 in the first 90 days of approval, you'll earn 80,000 bonus Citi reward Points. You'll then pick up an extra 40,000 bonus points after you pay the second year's annual fee.
You could exchange your combined 120,000 reward Points for $550 worth of David Jones gift vouchers or 48,000 Velocity Points. You'll also earn 1 Citi reward Point per $1 spent on eligible purchases, up to $10,000 per statement period on domestic transactions. There isn't a cap on international spending, which is good news if you're planning to use the card while travelling or to shop online with an overseas retailer.
You'll also save with a reduced annual fee of $49 in the first year ($149 p.a. after that) when you apply by 31 January 2020. You can get extra value from the card with complimentary international travel insurance and a 24/7 concierge service. When you use your card to pay the bill at a partnered restaurant, you'll get a free bottle of wine thanks to the Citibank Dining Program.
Honourable mention: American Express Westpac Altitude Platinum bundle
When you apply for the American Express Westpac Altitude Platinum bundle by 15 October 2019, you'll earn a total of 75,000 bonus Altitude Points when you spend $3,000 on both the Mastercard and Amex card within the first 90 days. You'll collect 60,000 bonus points with the Mastercard and 15,000 bonus points with the Amex when you meet the $3,000 spend requirements on each card.
You'll earn 3 Altitude Points per $1 spent on purchases in a foreign currency, 2 Altitude Points per $1 spent in Australia and 1 Altitude Point per $1 spent on government transactions (such as ATO bills) when you're using the Amex. Meanwhile, you'll earn 1 Altitude Point per $1 spent on all eligible purchases made with your Mastercard.
You can shop and travel with peace of mind thanks to complimentary travel and purchase insurance covers. The bundle charges a combined $199 annual fee ($150 p.a. for the Mastercard and $49 p.a. for the Amex).
Compare these credit cards side by side