Best frequent flyer and rewards credit cards June 2019
Book your next business class flight with up to 120,000 bonus points.
Winter is well and truly upon us, so what better time to start stocking up on points to plan your next getaway? There are a bunch of competitive points offers on the market this month, so we've narrowed down some of our top picks that are available through Finder to help you get started. Whether you collect Qantas Points, Velocity Points or prefer the flexibility of bank rewards programs, you can start comparing some of the most rewarding offers available in June.
How did we pick this month's line-up?
We've narrowed down 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 one 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 credit 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 couples one of the biggest bonus points offers on the market with a reduced annual fee in the first year.
When you apply by 31 October 2019, you'll earn 20,000 each month you spend at least $1,500 for the first six months. That's a total of 120,000 bonus Qantas Points!
To spark your wanderlust, a return flight from Sydney to London in economy (60,000 points each way), a return trip in business class from Perth to Singapore (50,000 points each way) and a business class flight from Melbourne to LA (96,000 points) are just some of the trips you could take with your bonus points.
You'll collect 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 earn 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.
You can kick off your next holiday in style with two single-entry invitations to use at eligible Qantas Club or Qantas-operated international business lounges each year. You can also save up to 20% on flight costs when you use the Qantas Premier Concierge to book a selected domestic companion flight once each year. And like most Qantas credit cards, this card comes with complimentary travel insurance.
If you get the card by the end of October, you'll also save with a $199 annual fee in the first year, which reverts to $299 p.a. after that. You can repay existing credit card debt with 0% on balance transfers for 18 months, but this won't earn any points. Any remaining debt will attract the 21.99% p.a. cash advance rate at the end of the promotional period. This card charges a 19.99% p.a. interest rate on purchases, so it's best suited to people who can pay off their card in full each statement period.
Honourable mention: American express Westpac Altitude Platinum bundle – Qantas
When you apply by 16 June 2019, the Amex Westpac Altitude Platinum bundle – Qantas rewards new cardholders with up to 75,000 bonus Qantas Points. You'll pocket 60,000 bonus Qantas Points with your Mastercard and 15,000 bonus Qantas Points with your Amex when you spend $3,000 on each card within 90 days of approval. You'll also collect 1 Qantas Point per $1 spent with your Amex and 0.5 points per $1 spent with your Mastercard. In the first year, you'll pay a reduced $99 annual fee (the Qantas Rewards fee and Amex annual fee), saving you the $150 Mastercard annual fee.
Best credit cards for Velocity Points
American Express Velocity Platinum card
- Bonus points. Up to 100,000 Velocity Points.
- Earn rate. Up to 2.25 Velocity Points.
- Annual fee. $375 p.a.
The American Express Velocity Platinum card is boasting a massive bonus points offer for new customers who apply by 19 June 2019.
You'll be rewarded with 25,000 Velocity Points each month you spend $1,000 or more on eligible purchases within the first 4 months from card approval. That's 100,000 bonus points all up and is a big upgrade from the 50,000 bonus points offer that this card was sporting last month. As one example, you can use 100,000 Velocity Points to fly from Sydney to Bali return in business class (49,500 points each way).
This card also has a competitive earn rate compared to other options for Velocity lovers. You'll earn 1.25 Velocity Points per $1 spent on eligible transactions, 0.5 points per $1 spent on government transactions and an additional Velocity Point per $1 spent on selected Virgin Australia purchases.
After you make your first spend each year, you can enjoy a complimentary domestic return Virgin Australia flight. You'll also be treated to two single entry passes to Virgin Australia lounges at selected domestic airports plus two complimentary entries to American Express lounges at Sydney or Melbourne international airport every year. You can also save on holiday costs with complimentary travel insurance.
If you're looking to move up the Velocity tiers, the Amex Velocity Platinum is the only card that currently offers Velocity Status Credits. You'll get 100 Velocity Frequent Flyer Status Credits when you spend at least $50,000 on eligible purchases within the membership year. This card charges a $375 annual fee and 20.74% p.a. purchase interest rate, so you should take full advantage of the perks and pay your balance in full each month to outweigh the cost.
Honourable mention: Virgin Australia Velocity Flyer card – Bonus points offer
Until 30 June 2019, you can collect 25,000 bonus Velocity Points each month you spend at least $1,500 on eligible transactions for the first three months with the Virgin Australia Velocity Flyer card. That's a total of 75,000 bonus Velocity Points!
In the first year, this card charges a reduced annual fee of $64 (which reverts to $129 p.a. thereafter). You'll get a $129 Virgin Australia Gift Voucher that you can use to book a holiday while offsetting the card's annual fee each year. You can also save with complimentary travel insurance and 0% interest on balance transfers for the first 18 months. The cash advance rate will apply at the end of the promotional period and you won't earn any points on your balance transfer.
Best credit cards for other reward points
American Express Explorer credit card
- Bonus points. 100,000 bonus points.
- Earn rate. Up to 2 Membership Rewards points per $1 spent.
- Annual fee. $395.
New American Express Explorer cardholders can boost their points balance with 100,000 bonus Membership Rewards. You'll just need to apply by 18 June 2019 and spend $1,500 in the first 3 months of card approval to get your bonus points.
You'll earn 2 Membership Rewards points per $1 spent on eligible purchases. However, you'll collect 1 point per $1 spent on government transactions. You can redeem your Membership Rewards for gift cards, travel perks, partnered frequent flyer points and more. For example, you could get a $500 Myer gift card or 50,000 Velocity Points with your 100,000 bonus Membership Rewards.
Each year you have the card, you'll receive a $400 Travel Credit that you can use to book flights, accommodation and travel packages through American Express Travel. Plus, it's an easy way to offset the card's $395 annual fee.
You can relax before your flight with two complimentary passes to the American Express lounges at Sydney and Melbourne international airport each year. You can also save with complimentary travel insurance and a hotel credit of up to US$100 plus a complimentary room upgrade when you use your card to book at least two consecutive nights at selected hotels.
This card is packed with perks but charges a 20.74% p.a. purchase interest rate, so it's important to clear your balance in full each month to avoid this cost.
Honourable mention: Citi Rewards Platinum credit card
The Citi Rewards Platinum card couples a competitive bonus points offer with a reduced first-year annual fee when you apply by 30 June 2019 and spend at least $3,000 on eligible purchases in the first 90 days from card approval. To give you an idea, 100,000 rewards Points can be redeemed for $450 worth of gift cards or exchanged for 40,000 Velocity Points.
You'll also earn 1 Citi Rewards point per $1 spent in Australia and overseas. You can earn unlimited points internationally, but your points will be capped at $10,000 per statement period on Australian purchases. You can also save with a reduced $49 annual fee in the first year (which reverts to $149 after that) and complimentary insurances.
Compare these cards side-by-side
You can learn more about a card or apply for one by clicking through to the full review in the table above. As this is only a selection of the products available for points enthusiasts right now, you can compare more frequent flyer and rewards credit cards on Finder.