Best frequent flyer and rewards credit cards March 2019
Start planning your next holiday with credit cards that offer up to 100,000 bonus points.
Now that summer has come to an end, what better time to start planning your next getaway? You can book your flight for less with these credit cards that boast big bonus points offers. To help you find the most rewarding credit card, we've hand picked some of the cards with the biggest Qantas, Velocity and reward bonus points promotions available through Finder in March. With up to 100,000 bonus points up for grabs, there are plenty of ways to boost your points balance this month.
How did we pick this month's line-up?
We've picked this month's line-up based on the cards that reward the most competitive bonus points, extra perks and annual fees through Finder. To help you earn more points, we've narrowed down 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.
As there is no one best rewards credit card for everyone, make sure to compare your options before you apply.
Best credit cards for Qantas Points
- Bonus points. 100,000 Qantas Points.
- Earn rate. Up to 2.25 Qantas Points per $1.
- Annual fee. $450 p.a.
The Qantas American Express Ultimate card has one of the biggest bonus points deals for Qantas Frequent Flyers on the market. You'll get the 100,000 points when you apply online by 14 April 2019 and spend at least $3,000 on eligible purchases in the first three months of opening the account. That's enough points to fly return from Sydney to LA in economy (45,000 points each way) or return between Perth and Singapore in business class (50,000 points each way).
You'll collect 1.25 Qantas Points per $1 spent on most everyday purchases and until 14 April 2019, you'll earn 0.25 additional Qantas Points per $1 spent. You'll also get 0.5 Qantas Points per $1 spent with government bodies plus an additional 1 Qantas Point per $1 spent when you use your card to pay for eligible Qantas purchases (such as flights or Qantas Club membership).
You can offset the $450 p.a. annual fee with a $450 Qantas Travel Credit (which you can use through the American Express Travel website) each year. You can enjoy complimentary food and beverages in your oasis separate from the rest of the airport with two Qantas Club lounge invitations every year. Plus, you can cut travel costs with complimentary travel insurance. This card charges 20.74% p.a. interest on purchases, so you should aim to pay your balance in full each month.
Honourable mention: ANZ Frequent Flyer Black credit card
Until 31 March 2019, you can earn 120,000 bonus Qantas Points with the ANZ Frequent Flyer Black credit card. However, you'll need to meet a higher spend requirement of $7,500 on eligible purchases in the first 3 months from approval to snap them up. You'll also get $150 back to your new ANZ Frequent Flyer Black card when you spend $7,500 on eligible purchases within the first 3 months.
You'll collect 1 Qantas Point per $1 spent up to $7,500 per statement period and then 0.5 points beyond that. You can climb the Qantas membership tiers with 75 bonus Status Credits when you book and travel on two new Qantas flights by 30 June 2019.
This card also comes with two complimentary Qantas Club Loun ge invitations plus unlimited Véloce airport lounge access and complimentary travel insurance. It charges a $425 p.a. annual fee and a 19.99% p.a. purchase interest rate.
Best credit cards for Velocity Points
- Bonus points. Up to 60,000 Velocity Points.
- Earn rate. Up to 0.66 Velocity Points per $1.
- Annual fee. $64 in the first year ($129 p.a. thereafter).
This month's Velocity Points pick is the Virgin Australia Velocity Flyer card. It doesn't have the highest bonus points promotion, but it does present value for money based on the spend requirement and annual fee.
If you apply by 31 March 2019, you could earn up to 60,000 bonus Velocity Points with this card. You'll get 20,000 bonus points when you spend at least $1,500 on eligible purchases each month for the first three months. With 60,000 Velocity Points, you could fly return from Sydney to Bali in premium economy (26,700 points each way) or from Melbourne to LA in economy (44,800 points).
Although the Virgin Australia Velocity High Flyer card has a higher bonus points promotion, you'll get fewer points per $1 spent based on the spend requirement. We'll talk more about that card below.
With the Virgin Australia Velocity Flyer card, you'll collect 0.66 Velocity Points per $1 spent up to $1,500 per statement period. After that, you'll get 0.5 Velocity Points for every $1. The Virgin Australia Velocity Flyer card charges a reduced first year annual fee of $64, which reverts to $129 p.a. the following year.
You can save on your holiday spending with a $129 Virgin Australia Gift Voucher each year. This can help offset the card's annual fee, but you'll need to make a retail purchase with your card within two months of requesting the voucher. You can also save on travel costs with complimentary insurance, but keep in mind that it charges a 20.74% p.a. interest rate on purchases.
Honourable mention: Virgin Australia Velocity High Flyer card
The Virgin Australia Velocity High Flyer is Virgin Money's top-tier frequent flyer credit card. You can score up to 90,000 bonus Velocity Points when you apply by 31 March 2019, but the spend requirements are a little bigger than the Virgin Australia Velocity Flyer card. You will earn 30,000 bonus points every month when you spend at least $3,000 on eligible transactions for the first three months.
You'll earn 1 Velocity Point per $1 spent on eligible transactions up to $8,000 per statement period and then 0.5 points per $1 after that. This card also comes with a $129 Virgin Australia gift voucher, complimentary insurance plus two single-entry complimentary Virgin Australia domestic lounge passes each year. The higher earn rates and extra perks come at the cost of a $289 annual fee and 20.74% p.a. purchase interest rate.
Best credit cards for other reward points
- Bonus points. 100,000 bonus Citi rewards Points.
- Earn rate. Up to 1 Citi reward Point per $1 spent.
- Annual fee. $49 in the first year ($149 p.a. thereafter).
Finder users can treat themselves to an exclusive bonus points offer when they apply for the Citi Rewards Platinum card by 30 June 2019. If you're approved and spend $3,000 in the first 90 days, you'll get 100,000 bonus Citi reward Points.
You can redeem your points for credit to your account, retail gift vouchers, partnered frequent flyer points and more. For example, you could transfer 100,000 bonus Citi rewards Points for 40,000 Velocity Points or make up most of the cost of a $500 Flight Centre voucher (worth 104,200 points). Citi announced a new partnership with flybuys this week, so you have the option to exchange your bonus Citi reward Points for 75,187 flybuys points as well.
You'll earn 1 Citi reward Point per $1 spent in Australia and overseas, but the earning is capped at a relatively high $10,000 per statement period on domestic transactions. You can take advantage of complimentary international travel insurance and the card is linked with a 24/7 personal concierge service. When you use your card to cover the bill at a partnered restaurant, you'll receive a free bottle of wine thanks to the Citi Dining Program.
New Citi customers can consolidate existing debt and reduce interest with 0% p.a. on balance transfers for 15 months. A 1% balance transfer fee applies and any remaining debt will attract the cash advance interest rate at the end of the promotional period.
When you apply by 30 June 2019, you'll save with a reduced first year annual fee of $49 which reverts to $149 p.a. after that. You'll also be charged a 20.99% p.a. interest rate on purchases.
Honourable mention: Amex Westpac Altitude Platinum bundle
New American Express Westpac Altitude Platinum bundle cardholders can kickstart their points balance with 75,000 bonus Altitude Points. If you apply by 2 April 2019, you'll pocket 60,000 bonus Altitude points when you spend $3,000 on the Mastercard in the first 90 days and 15,000 bonus points when you meet the same spend requirement on the American Express.
When you pay on Amex, you'll get 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). The Mastercard collects 1 Altitude Point per $1 spent on all eligible purchases.
This bundle comes with complimentary travel insurances as well as exclusive discounts, dining perks and pre-sale concert ticket access with Amex Offers and Amex Invites.
You can save with a reduced $49 annual fee in the first year (which reverts to $199 p.a. after that) when you apply by 2 April 2019.
Compare these credit cards side by side
If you're interested in one of these rewards or frequent flyer credit card offers, you can find out more about a particular card or apply for one by clicking through to the full review. As these are only a handful of the options on the market, you can compare more frequent flyer and rewards credit cards on Finder.
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