Credit card rewards tracker: points, perks and fee changes

• ANZ Frequent Flyer Platinum. No points earned when you spend over $25,000 per statement period.
• ANZ Frequent Flyer Black. No points earned when you spend over $50,000 per statement period.
• ANZ Rewards Platinum. No points earned when you spend over $25,000 per statement period.
• ANZ Rewards Black. No points earned when you spend over $50,000 per statement period.

• The Rewards Platinum card will lose insurance cover completely.
• The ANZ Platinum and Frequent Flyer cards will see international travel cover drop from three months to one, and trip cancellation cover halved from $20,000 to $10,000.
• Personal liability cover falls from $3 million to $1 million.

• Platinum Visa earns 3 points per dollar at major supermarket chains, 2 at major restaurants or restaurant chains, and 1 on everything else.
• Blue Visa earn rate stays at 1 point per dollar.
• Redemptions. The number of points needed for Pay with Points, gift cards and points transfers will change on both Platinum and Blue.

Credit limits will decrease too.

• More Classic. The earn rate changes from 1.5 points per dollar, capped at 150,000 points a year, to 1.5 points on the first $1,000 a month, then 0.3 points.
• More Platinum. The earn rate changes from 2 points per dollar, capped at 400,000 points a year, to 2 points on the first $1,500 a month, then 0.5 points.
• More World. The earn rate changes from 2.5 points per dollar to 2.5 points on the first $2,000 a month, then 0.5 points.
• Qantas Classic. The earn rate changes from 0.3 Qantas Points per dollar to 0.25 points on the first $1,500 a month, then 0.1 points.
• Qantas Platinum. The earn rate stays at 0.6 Qantas Points per dollar on the first $2,500 a month, but the rate after that drops from 0.3 points to 0.15 points.
• Qantas World. You earn 1 Qantas Point per dollar on the first $5,000 a month, then 0.5 points, to 1 on the first $3,000 a month, then 0.2 points

• Added. Overseas funeral, cremation and body repatriation cover, up to $15,000 for the cardholder or $30,000 with family. Baggage delay cover, up to $600 for the cardholder or $1,200 with family.
• Removed. Accidental death, extended warranty, purchase security, price guarantee, interstate flight inconvenience and transit accident insurance.

• The Ultimate Awards becomes the Ultimate credit card. The fee waiver when you spend $4,000 a month will be removed from 1 January 2027. Customers will get a $25 travel credit and $10 dining credit each month, DashPass and $10 DoorDash credit on orders over $50.
• The Smart Awards becomes the Smart credit card. The fee waiver when you spend $2,000 a month will be removed from 1 January 2027. There will also be a 3.5% international transaction fee. New applicants need a $2,000 minimum credit limit. Customers get a $10 travel credit and $10 dining credit each month, plus DashPass.

• Ultimate Card. 2 Yello Points for international transactions. All other spending earns points based on your Yello tier. Yello Diamond earns 1.5 points per dollar. Yello Gold earns 1 point per dollar. Yello Plus earns 0.75 points. Yello earns 0.5 points.
• Smart Card. 2 Yello Points for international transactions. All other spending earns points based on your Yello tier. Yello Diamond earns 1 point per dollar. Yello Gold earns 0.75 points per dollar. Yello Plus earns 0.5 points. Yello earns 0.5 points.

• Most personal and premium cards will lose extended warranty, purchase security, guaranteed pricing and interstate flight inconvenience cover.
• International trip cancellation will be capped at $2,500 for the cardholder, or $5,000 with family, on Smart, Diamond, Platinum and Business Platinum. It will be removed on Gold, Business Gold and the Low Rate and Low Fee cards.
• CommBank is adding cracked screen cover for the Ultimate and Smart credit cards, with up to $1,000 on Ultimate and up to $500 on Smart. It's limited to one claim a year, with a 10% excess.

Points are still capped at $8,000 each statement period.

• Coles will add mobile phone insurance from 1 October 2026 on the Rewards card as long as the phone plan is billed monthly to the card. It covers accidental damage and theft, up to $1,650 a year and $1,000 a claim, with a $50 excess.
• Extended warranty and purchase protection cover will be discontinued from 1 December 2026.

• NAB Rewards Signature is changing to NAB Rewards Travel Card. The annual fee is changing from $35 a month to a slightly cheaper $395 annual fee.
• NAB Rewards Platinum is changing to NAB Rewards Card. There is no annual fee change.
• The NAB Qantas Rewards Signature annual fee increases from $420 to $449.

• Purchase rates on NAB cards increase from 20.99% to 22.49% p.a. (except for the NAB Low Rate, which goes from 13.49% to 13.99% p.a.).
• Cash advance rates increase from 21.74% to 22.99% p.a. on every card.

• NAB Rewards Card. From 1 October, this card earns 1.25 points per dollar on the first $5,000 each statement period, then 0.5 points per dollar after that, uncapped.
• NAB Rewards Travel Card. The earn rate stays at 1.5 points per dollar, but the threshold drops from $15,000 to $10,000 each statement period. After that the card earns 0.5 points per dollar uncapped. It adds an uncapped bonus of 1 point per $1 on groceries, petrol, public transport and travel.
• NAB Qantas Rewards Premium. The earn rate will fall from 0.67 Qantas Points per dollar to 0.5 points, on the first $3,000 per statement period. The next $3,000 spend falls from 0.33 points to 0.25 points. on the next $3,000. There will be an additional uncapped bonus of 0.5 points per dollar on international spend.
• NAB Qantas Rewards Signature. The earn rate for this card was 1 point per dollar on the first $5,000 and 0.5 points on the next $15,000. It falls to 0.75 points on the first $3,000 and 0.25 on the next $12,000. It gets the same international bonus. There will be an additional uncapped bonus of 0.5 points per dollar on international spend.
• Velocity Points transfers. The transfer rate for automatically converting NAB Rewards Points to Velocity goes from 2 points per Velocity Point to 3.

• Card mergers. The Prestige card is gone. Prestige cardholders move to the Premier card. Prestige Qantas cardholders move to the Premier Qantas.
• International cash advance fee. It changes from a flat $5 to 3.5% of the transaction, with a minimum of $3.50, on all cards.
• MyCard Rewards annual fee. The fee jumps from $199 to $249.
• MyCard Simplicity annual fee. The annual fee goes from $0 to $49 and the late payment fee from $0 to $30.

• Points values on Premier and Rewards cards. A $100 gift card goes from 20,900 points to 33,770 points. A $25 cashback goes from 10,000 points to 15,625.
• Velocity transfer rates. The Rewards card's 2.5 points to one Velocity Point increases to 3 points for one Velocity Point.

Earn rates:

• MyCard Premier. Earns 2 points per $1 on international spend and on travel booked directly with an airline, hotel, taxi, rideshare or cruise company, and 1.5 points everywhere else. The 200,000-point annual cap is also being removed.
• MyCard Rewards. Earns 2 points per dollar on international spend and at supermarkets and petrol stations, and 1.5 points everywhere else, uncapped.
• MyCard Premier Qantas. Earns 0.5 points per dollar on everything. The 100,000-point annual cap is replaced by a cap of $7,000 each statement period.
• MyCard Rewards Qantas. Still 0.5 Qantas Points per dollar. The $5,000 cap on domestic spending is replaced by a $6,000 cap on all spending each statement period.

• Purchase rates and cash advance rates will increase.
• Annual fees will also increase:
  • Altitude Rewards Platinum and Black. $0 → $75.
  • Altitude Qantas and Velocity Platinum. $75 → $125.
  • Altitude Qantas and Velocity Black. $75 → $155.

• $100 eGift card. Will cost 29,412 points, up from 23,500 points.
• $100 cashback. Will cost 31,250 points, up from 28,200 points.
• $100 annual fee rebate. Will increase from 20,000 points to 26,316.
• Velocity, KrisFlyer and Asia Miles transfers. Rate goes from 3 Altitude Points per mile to

Earn rates:

• Westpac Altitude Qantas Platinum and Velocity Platinum cards will have the following earn rates. 0.75 points per dollar on international spend, 0.5 on everyday spend and 0.33 on all other purchases. After $5,000 in a statement cycle, it drops to 0.2 points per dollar.
• Westpac Altitude Qantas Black and Velocity Black cards will have the following earn rates. 1.5 points per dollar on international spend, 0.8 on everyday spend and 0.40 on all other purchases. After $10,000 in a statement cycle, it drops to 0.25 points per dollar.

• International travel insurance becomes complimentary medical cover only. Most other benefits are moved into an optional paid comprehensive upgrade, such as funeral expenses, medical, hospital and emergency assistance and personal liability. Excess rises from $300 to $500.
• Domestic cover remains similar but loses funeral cover. Excess falls from $300 to $100.
• Other cover. Purchase protection, extended warranty and overseas transit accident insurance are gone.

From 30 September 2026 purchase rates and cash advance rates on Black and Frequent Flyer cards will increase.

There will also be annual fee increases:

• Amplify Rewards Platinum. $0 → $75.
• Amplify Rewards Signature. $0 → $75.
• Amplify Qantas Platinum. $75 → $125.
• Amplify Qantas Signature. $75 → $155.

• $100 eGift card. Will cost 29,412 points, up from 20,000 points.
• $100 cashback. Will cost 15,873 points, up from 10,875 points.
• $100 annual fee rebate. Will increase from 18,000 points to 30,900.
• Velocity Points transfers. Rate goes from 2 Amplify Points per Velocity Point to 4.
• KrisFlyer and Asia Miles transfers. Rate goes from 3 Amplify Points per mile to 4.

Earn rates:

• The Amplify Qantas Platinum card will have the following earn rates. 0.75 points per dollar on international spend, 0.5 on everyday spend and 0.33 on all other purchases. After $5,000 in a statement cycle, it drops to 0.2 points per dollar.
• The Amplify Qantas Signature card will have the following earn rates. 1.5 points per dollar on international spend, 0.8 on everyday spend and 0.40 on all other purchases. After $10,000 in a statement cycle, it drops to 0.25 points per dollar.
• As a spending category, dining spend moves from everyday spend to the all other purchases category. That covers restaurants, cafes, fast food, bars, hotels and entertainment venues.

• Velocity High Flyer. From $329 to $349 a year.
• Velocity Flyer. From $149 to $169 a year.
• Anytime Rewards. From $149 to $169 a year.

• Velocity High Flyer. The earn rate falls from 1 Velocity Point per $1 to 0.75 on the first $5,000 each statement period. After that, it falls from 0.5 points per dollar to 0.25 points.
• Velocity Flyer. The earn rate falls from 0.66 Velocity Points per $1 to 0.5 on the first $1,500 each statement period. After that, it falls from 0.5 points per dollar to 0.25 points.