Best frequent flyer and rewards credit cards October 2019
Book your next holiday or upgrade an existing flight with up to 120,000 bonus points.
Whether you're in the market for a new credit card ahead of the Christmas spending season or are looking to upgrade your current plastic, this month's round-up of frequent flyer and rewards credit cards boasts up to 120,000 bonus points. To help you narrow down your options, we've handpicked some of the most rewarding credit cards for Qantas Frequent Flyers, Velocity Frequent Flyers and those who prefer bank rewards programs. Happy points collecting!
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
- Bonus points. Up to 120,000 bonus points.
- Earn rate. Up to 2 points per $1 spent.
- Annual fee. $199 first year ($299 p.a. thereafter).
With a big bonus points offer and reduced annual fee, the Qantas Premier Platinum credit card tops the Qantas Points category once again.
New customers who apply by 31 October 2019 can earn 20,000 points each month they spend at least $1,500 for the first 6 months. That's 120,000 bonus Qantas Points all up that you can put towards a premium economy flight from Sydney to Rome (122,400 points) or a business class flight from Brisbane to Honolulu (82,000 points).
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. These earn rates are relatively high compared to other options.
You can enjoy the premium perks of an airport lounge before your next flight with two single-entry invitations to use at eligible Qantas Club or Qantas-operated international business lounges each year. When you use the Qantas Premier Concierge to book a selected companion flight, you’ll save up to 20% on flight costs once per year. This card also offers complimentary 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 ($299 p.a. after that). Purchases are charged a 19.99% p.a. interest rate, so it's important to pay off your balance in full each month to avoid interest.
Honourable mention: St.George Amplify Signature Qantas
New St.George Amplify Signature Qantas cardholders can earn up to 80,000 bonus Qantas Points when they spend at least $6,000 on eligible purchases in the first 90 days of card approval.
This card has an earn rate of 0.75 Qantas Points per $1 spent on eligible purchases. You'll receive two complimentary Qantas Club Lounge invitations per year and can travel with peace of mind thanks to complimentary travel insurance.
You can enjoy the benefits for less with a reduced annual fee of $139 in the first year (which reverts to $279 p.a. after that) when you apply by 12 February 2020. It also charges a 19.74% p.a. purchase interest rate.
Best credit cards for Velocity Points
Virgin Australia Velocity Flyer credit card
- Bonus points. Up to 70,000 bonus Velocity Points.
- Earn rate. Up to 0.66 points per $1 spent.
- Annual fee. $64 first year annual fee.
When you apply for the Virgin Australia Velocity Flyer credit card by 2 December 2019, you'll collect 20,000 points each month you spend at least $1,500 for the first 3 months. You'll receive an additional 10,000 bonus Velocity Points after your card's first-year anniversary.
To give you some ideas, you could use 70,000 Velocity Points to fly from Sydney to Singapore in business class (59,500 points) or from Melbourne to LA in premium economy (71,700 points).
There are credit cards with bigger bonus points offers for Velocity Points chasers but most of them charge much higher annual fees. For example, the Virgin Australia Velocity High Flyer is offering up to 100,000 bonus points right now but it has a $289 annual fee.
It also has a relatively competitive standard earn rate of 0.66 points per $1 spent on eligible purchases up to $1,500 per statement period. It drops to 0.5 points per $1 spent after that.
Each year you'll receive a $129 Virgin Australia Gift Voucher, which you can use to book flights or holiday packages within six months of receiving the voucher. You'll receive your voucher once you've made a retail purchase within two months of requesting it. You can also save on travel costs with complimentary travel insurance.
This card charges a discounted annual fee of $64 in the first year, which reverts to $129 p.a. after that. Like most frequent flyer cards, it charges a high purchase rate of 20.74% p.a. and is best suited to people who repay their balance in full each month.
Honourable mention: Westpac Altitude Black - Velocity card
The Westpac Altitude Black - Velocity card boasts a larger bonus points offer of 80,000 bonus points but for a higher annual fee. You'll get the bonus points when you apply by 15 October 2019 and spend $4,000 on eligible purchases within the first 90 days of approval.
This card collects 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.
You can ascend the Velocity status tiers with 50 Velocity Status Credits when you spend an additional $6,000 in the first year. It's one of the few cards that offers status credits and this offer alone gets you 20% of the way to Silver Status. These perks come at the cost of a $300 annual fee and 20.49% p.a. purchase rate.
Best credit cards for 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 has maintained the top running spot in the rewards credit cards category for the last few months. With one of the biggest bonus points offers on the market and a low annual fee, it's one of the few cards that combine rewards with competitive costs.
New cardholders who apply by 31 January 2020 and spend $3,000 in the first 90 days of approval will earn 80,000 bonus Citi reward Points. They'll receive an additional 40,000 bonus points after paying the second year's annual fee.
You can exchange your combined 120,000 reward Points for $550 worth of David Jones gift vouchers, 48,000 Velocity Points or around 90,225 flybuys 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. If you regularly travel overseas or shop online with international brands, you'll be glad to know that there is no cap on the number of points you can earn on international spend.
You'll save $100 with a reduced annual fee of $49 in the first year when you apply by 31 January 2020. The fee reverts to $149 p.a. after that and the card also charges a 21.49% p.a. purchase rate.
The Citi Rewards Platinum card offers extra value 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 receive a free bottle of wine thanks to the Citibank Dining Program.
Honourable mention: American Express Westpac Altitude Platinum bundle
Until 15 October 2019, the American Express Westpac Altitude Platinum bundle is offering new cardholders up to 75,000 bonus Altitude Points. 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 in the first 90 days.
The Amex card earns 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). You'll pick up 1 Altitude Point per $1 spent on all eligible purchases made with your Mastercard.
Cardholders can also save with 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
You can learn more or apply for one of these cards by clicking through to the review in the table above. To see other options, you can compare more frequent flyer credit cards and rewards credit cards on Finder.
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