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Frequent flyer credit cards
Get big bonus points offers, flights, upgrades, lounge access and more with a frequent flyer credit card.
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Frequent flyer credit cards give you a way to earn points on your everyday spending and perks you can use while you travel. If you want to find the best frequent flyer credit card for you, use this guide to compare bonus points offers, rewards programs, points per dollar spent and the costs that apply. Plus, find out when frequent flyer credit cards are most worth it and the things you should look out for. Offer ends 24 February 2021 Eligibility criteria, terms and conditions, fees and charges apply Enjoy premium frequent flyer perks with up to 100,000 bonus Qantas Points, 75 bonus Status Credits, airport lounge passes and overseas travel insurance.Qantas Money Credit Card Offer
Qantas Premier Platinum
Earn 100,000 bonus Qantas Points
75 bonus Status Credits
Qantas Money Credit Card Offer
Compare Frequent Flyer Credit Cards
When you get a new credit card, you can usually take advantage of sign-up offers for bonus frequent flyer points. These can give you a head start on booking your next trip. Don't forget to check those when comparing cards.
*The credit card offers on this page are chosen from a range of credit cards available to us and are not representative of all the products available in the market. The use of the terms "best" and "top" are not product ratings and are subject to our disclaimer. There is no perfect order or perfect ranking system for the products we list on our Site, so we provide you with the functionality to self-select, re-order and compare products. The initial display order is influenced by a range of factors including conversion rates, product costs and commercial arrangements, so please don't interpret the listing order as an endorsement or recommendation from us. We're happy to provide you with the tools you need to make better decisions, but we'd like you to make your own decisions and compare and assess products based on your own preferences, circumstances and needs.
Best frequent flyer credit cards* for January 2021
Check out this list of frequent flyer credit cards in Australia to decide if one is right for you:
- NAB Qantas Rewards Signature. Collect up to 130,000 bonus Qantas Points and save with a discounted annual fee of $295 for the first year, reverting to $395 p.a. thereafter.
- ANZ Frequent Flyer Black. Receive 120,000 bonus Qantas Points and $200 back when you spend $3,000 on eligible purchases within the first 3 months.
- Qantas Premier Platinum. Get up to 100,000 bonus Qantas Points, a long-term 0% balance transfer offer, lounge passes and complimentary insurance covers.
- American Express Qantas Business Rewards Card. A business credit card offering 150,000 bonus Qantas Points, 3x points on eligible Qantas flights & 2 lounge passes per year, and only ABN holders with over $75,000 in revenue are eligible.
- Virgin Australia Velocity Flyer Card - Balance Transfer Offer. Long-term balance transfer offer, a reduced $64 first year annual fee, and up to bonus Velocity Points in the first 3 months.
How do frequent flyer credit cards work?
You can use a frequent flyer credit card to earn points on everyday, eligible purchases. These cards are linked to an airline loyalty program (such as Qantas Frequent Flyer or Velocity Frequent Flyer) and offer a set number of points per $1 you spend. For example, 1 point per $1 spent. Many cards also come with thousands of introductory bonus points, which can give your rewards balance a quick boost.
With a frequent flyer credit card, you’ll earn points on most everyday purchases, although transactions that aren’t eligible for points usually include cash advances, balance transfers and BPAY payments. Once you’ve earned enough points, you can redeem your points for flights, flight upgrades, accommodation or even retail rewards.
'Points give me access to money-can't-buy experiences'
Sarah Megginson, Finder's senior editor for home loans
For the last five years, Sarah Megginson has used frequent flyer points to get flight upgrades and book luxury holidays for her family of five – including a business class trip from Brisbane to LA in 2018.
"Flying in business class with kids is a joy," she said, "but to pay for a business class flight to the US for my family would be tens of thousands of dollars. I would never buy business class flights!"
Megginson said she also enjoys frequent flyer perks when she's travelling domestically.
"I usually fly to Sydney five or six times a year for work and will either buy economy and use points to upgrade, or use points for a Business Rewards Flight."
"If I can get the upgrade, it's only 8,000 points but the cash value for a business class flight is around $600-$700."
Megginson collects Qantas Frequent Flyer Points in just about every way she can, and typically gets around 500,000 in a year. Some of the ways she earns them include:
- Credit card bonus point offers: She'll sign up for a card and keep it for 18 months or so, then change to a new one. Her husband does the same, which doubles their point-earning power. Based on bonus point offers in recent years, this could earn them between 80,000 and 260,000 Qantas Points combined.
- Paying with a frequent flyer credit card: "I pay for as much as I can by card to earn points. Bills can really add up, so it's an easy win for points." But Megginson also said it's important to check the payment will earn points. "I remember once I paid a big tax bill with a card that didn't earn points for ATO payments. It ended up costing a lot in fees for nothing, so I always check cards to see if this type of spending earns points."
- Shopping at Woolworths: Her Everyday Rewards account is linked to her Qantas Frequent Flyer account, and she said they often do bonuses of 1000-2000 points, which can quickly add up. "I earn around 50,000 points a year through this", she said.
- Utilities: "I transferred my energy plan to Red Energy and got bonus Qantas Points, as well as earning points when I pay my bills," she said, adding that in the past she's also taken advantage of deals on phone plans.
Depending on the mix of credit cards, Megginson said she would spend around $300 to $800 per year on fees – but the experiences she and her family have been able to get using points are more than worth the annual fees she pays on her credit cards.
"I see the fees as an investment into this lifestyle I'd never have otherwise," she said, noting that her family's Brisbane to LA trip was worth around $29,000.
You don't need to be a jet-setting executive or have platinum status to benefit from frequent flyer points – anyone can take advantage of them with simple strategies like these. Whether you get a yearly holiday or a one-off business upgrade, rewards can give you something for the money you were going to spend anyway.
Types of frequent flyer credit cards
Qantas Frequent Flyer
Earn Qantas Points per $1 spent
Velocity Frequent Flyer
Earn Velocity Points per $1 spent
$0 annual fee
Earn points and pay $0 annual fee
0% foreign fees
Save 2%-3% on international transactions
Business credit cards
Earn points for your business expenses
Lounge passes or travel credit
Take advantage of premium perks
Pros and cons of frequent flyer credit cards
A frequent flyer credit card can be a great way to reward your spending with points, but they usually come at the cost of high annual fees and interest rates. Before you apply, you should weigh up the different benefits, costs, and features to help you decide if a frequent flyer credit card is worth it for you.
Pros
- Bonus points offers. Many frequent flyer credit cards come with introductory offers of tens of thousands of bonus points. These will vary based on the card tier.
- Points per $1 spent. Get rewarded for the money you're going to spend anyway, including on groceries, petrol and retail.
- Perks. Many frequent flyer credit cards offer complimentary travel insurance, purchase insurance covers, airport lounge passes, status credits or travel credits.
Cons
- Offer spend requirements. Promotional offers usually require you to spend a fair amount of money in a short period to get the bonus points (eg. $3,000 in 90 days).
- High annual fees & interest rates. To pay for the rewards and perks you get, most cards charge annual fees and relatively high interest rates.
- Temptation to spend. If you struggle to stick to a budget and don't pay your balance in full each month, the promise of frequent flyer points could tempt you to overspend.
NAB Qantas Rewards Signature Card
100,000 bonus Qantas Points, plus 30,000 the second year and a $295 first year annual fee ($395 thereafter).How do I find the best frequent flyer credit card for me?
Frequent flyer credit cards have their perks, but these are the traps you should watch out for:
- How much is the annual fee? Although some frequent flyer cards come with a $0 annual fee for the first year or for life, others charge fees that can set you back hundreds of dollars. You can work out if an annual fee is worth it by looking at whether the yearly value of the rewards you're redeeming and extra features you're taking advantage of (such as travel credits, complimentary flights and airline lounge passes) give you more value.
- How many bonus points can I get? Introductory bonus points offers generally vary between 20,000 and 120,000 points (or more). You can also judge how much value you can get from the bonus points based on the rewards you can redeem, as well as the spend requirements to get it. For example, let's say you have to spend $4,000 in 60 days to get 100,000 bonus Qantas Points. That boils down to roughly 25 Qantas Points per $1 spent. You can redeem 100,000 Qantas Points for a return economy or one way business class flight overseas, so that could help you justify the spend to get the points.
- How many points can I earn for my spending?
There are two different factors to look at when it comes to earning points with a frequent flyer credit card:- Earn rate. As well as the bonus points offer, you should also compare how many points you can earn per $1 spent. These earn rates can be as low as 0.5 points per $1, but 1 point per $1 (or higher) is considered competitive.
- Points tiers. Depending on the card, the number of points may vary depending on the purchase. For example, you may earn 0.75 points per $1 spent in Australia, 1 point per $1 spent on foreign transactions and an additional point when per $1 spent with a partnered airline. So if you regularly travel overseas or shop with international merchants, a card with a higher earn rate on foreign transactions could boost your rewards.
- Points caps. Some cards cap or reduce the number of points you can earn after you reach a spend threshold each statement period. For example, you may earn 1 point per $1 up to $10,000 per statement period and either a reduced earn rate or no more points until the next statement period. If the card does have a points cap, consider how much you spend each month and opt for a card with a higher or no points cap if you spend more than the threshold. Otherwise you'll restrict your points potential.
- How much does it cost to join a frequent flyer program? Most frequent flyer programs are free to join, although Qantas Frequent Flyer has a one-time $99.50 joining fee. However, you can check out our guide to joining the Qantas Frequent Flyer program for free to save on this fee.
- Are there extra features? Most frequent flyer credit cards come with extras that can help you get more value from your card. These can range from complimentary flight vouchers or travel credits to airline lounge passes, complimentary travel insurance and concierge services. Make sure you compare the extra features and ask yourself if you would actually use them before you apply for the card.
Do you really need a frequent flyer credit card?
- Frequent flyer credit cards are designed to suit regular spenders who pay their balance in full each statement period. This is because you'll earn more points based on how much you spend and your rewards won't be outweighed by interest if you clear your balance each month.
- Frequent flyer credit cards also benefit frequent travellers who will make use of the extra features such as airline lounge passes, complimentary travel insurance and travel credits that can help you offset some of the weighty annual fees.
You can decide if a card is worth it by comparing the value of the bonus points offer, how many points you'll earn per $1 spent, as well as extra features (such as airline lounge passes or travel credits) to the cost of the annual fee. The value of these rewards and extra perks should exceed the cost of the card.
As there are a bunch of competitive frequent flyer credit cards on the market, get started by comparing your options now so you can find the most rewarding one for you.
What are my frequent flyer points worth?
The dollar value of your frequent flyer points depends on what you redeem your points for – but here’s an example to show how far your points can take you.
Let’s look at where you could travel with a credit card with 100,000 bonus points. For example, it would cost 90,000 Qantas Points or 89,600 Velocity Points to fly return in economy from Melbourne to Los Angeles. Neither of these examples account for the extra taxes and fees. But let’s look at how much these flights would usually cost in cash anyway.
The cost of a flight will vary depending on the time and date of the booking, but an economy return Qantas flight from Melbourne to Los Angeles can start at $1,099 at the time of writing. This means that one Qantas Point is roughly worth 0.81 cents if you use points to redeem this flight. You can find return economy Virgin Australia flights from Melbourne to Los Angeles for around the same price, so you can expect roughly the same value of points for this reward flight.
As another example, you could get $500 worth of Woolworths digital gift cards for 95,000 Qantas Points if you didn't want to fly (two $250 gift cards for 47,500 points each, as of August 2020). But this reward offers less value in comparison to the flight example above. To get the most value from your frequent flyer points, compare a few options and redeem the one that offers the highest dollar value for your points. You can see Finder’s guide to how much 1 Qantas Point is worth for more examples.
Example: Value per 1,000 Qantas/Velocity points
The guaranteed amount of points varies based on your fare class, the airline and the destinations, with the following average ranges available:
| Flight | Cost | Qantas Pts | Velocity Pts | Value/1,000 Qantas Pts | Value/1,000 Velocity Pts |
|---|---|---|---|---|---|
| Sydney to Melbourne return (Economy) | $321 | 16,000 | 15,600 | $20.06 | $20.58 |
| Sydney to Melbourne return (Business) | $998 | 36,800 | 31,000 | $27.12 | $32.19 |
| Sydney to Los Angeles return (Economy) | $1,503 | 132,400 | 89,600 | $11.35 | $16.77 |
| Sydney to Los Angeles return (Business) | $10,416 | 318,000 | 191,000 | $32.75 | $54.53 |
(All calculations are based on 17 September, 2020 prices. Points values for purchasing flights are for Classic Flight rewards.)
Back to topFrequently asked questions
What credit card transactions and purchases don't earn points?
You can usually only earn points on what your bank considers an eligible transaction. This usually includes everyday spend at the grocery store, on travel bookings and more. You usually can’t earn points on gambling transactions, cash advances, balance transfers and sometimes government transactions.
Read your credit card product disclosure statement for a complete list of the transactions you can and can’t earn points on.
Can I earn points on payments to the ATO?
Most Australian banks consider government transactions (such as ATO bills) ineligible to earn points. Currently, most of the cards that allow you to earn points on ATO bills and government transactions are issued by American Express. You can compare cards that earn points on tax bills and government transactions on finder.
Can I earn status credits with a frequent flyer credit card?
Some credit cards boast promotional offers that allow cardholders to earn status credits. You can check the comparison table above for any offer that come with status credits. Unlike points, you can use status credits to move up the status tiers of your frequent flyer program. The benefits vary between different programs and tiers, but you can usually expect perks such as more competitive earn rates, lounge passes and priority check in as you ascend the status levels.
Check out our guide to Velocity and Qantas status tiers for more information.
How can I redeem my frequent flyer points?
When you earn frequent flyer points with your credit card, they’re debited to your linked frequent flyer account. To redeem your points, log in to your frequent flyer account and follow the prompts to redeem your rewards.
Can I transfer points to another program?
You can often transfer credit card rewards (such as American Express Membership Rewards or St.George Amplify Rewards) to frequent flyer programs, but you can’t usually transfer frequent flyer points between programs. Singapore Airlines KrisFlyer and Virgin Australia’s Velocity are one exception to this rule.
Even if you can’t transfer your frequent flyer points to another program, you can use your frequent flyer points to redeem flight rewards with a partnered airline. For example, Qantas belongs to the oneworld Alliance, so you can use your Qantas Points to redeem flight rewards with British Airways, American Airlines, Cathay Pacific and more.
Will I lose my points after I close my credit card account?
No, but it can sometimes take a few weeks for the frequent flyer points to appear in your account. Make sure the points have moved across to your frequent flyer account before you close your card.
How much are my points worth?
The value of your points will vary depending on your program and the reward you’re redeeming. Generally, redeeming your points for flights and upgrades offers the best value.
Let’s look at Qantas Frequent Flyer as an example. At the time of writing, you can redeem a $250 David Jones gift card for 41,250 points from the Qantas Store. Meanwhile, you could redeem a business class flight from Sydney to Auckland for 36,000 points (RRP starting at $858 at the time of writing) or a one-way economy flight from Sydney to Johannesburg for 40,000 points (or RRP approximately starting at $691 at the time of writing).
As you can see, both of these flights require fewer points but offer better monetary value than the $250 gift card. With this in mind, make sure to compare the monetary value of what you can redeem with your points before you cash them in. See our guide to how much is 1 Qantas Point worth for more examples.
Are all frequent flyer points worth the same amount?
No, frequent flyer points are worth different amounts across programs. At the time of writing, you can redeem a $100 Westfield voucher for 24,850 Qantas Points or 18,000 Velocity Points. So in this example, you’ll get more value if you redeemed your Velocity Points for the $100 gift card.
Want to stay on top of the latest frequent flyer deals? Visit Points Finder for all of the latest news, offers and reviews.Icons made by Linector, Flat Icons, Freepik, monkik on www.flaticon.com. Pictures: Getty Images
Read more on this topic
-
How to transfer credit card rewards points to Velocity
From transfer rates to bonus point offers, find out how converting credit card rewards to Velocity Points works so you can boost your frequent flyer balance.
-
The best* credit cards to earn Qantas Frequent Flyer Points
Looking for best credit card for earning Qantas Points? Compare these cards based on standard earn rates, introductory bonus point offers and other features to find one that works for you.
-
The best* credit cards for earning Velocity Frequent Flyer Points
Check out the latest bonus point offers and compare Velocity credit cards that earn more than 1 point per $1 spent.
-
Singapore Airlines KrisFlyer Credit Cards
Earn KrisFlyer Miles on your everyday spending and get introductory bonus points with a credit card linked to the Singapore Airlines frequent flyer program.
-
Are there credit cards with Qantas Status Credits?
Find out if there are any credit card offers that let you earn Qantas Frequent Flyer Status for your eligible spending and learn more about how to reach Silver, Gold or Platinum Qantas status.
-
Frequent flyer credit cards with no international transaction fees
With points per $1 spent and 0% foreign transaction fees, these credit cards allow you to have your cake and eat it.
-
No annual fee frequent flyer credit cards
How to pay less for your card while still earning points.
-
The best ways to spend 100,000 Velocity Points
From flights and hotel stays to travel packages, gift cards and merchandise, here’s how to make the most of 100,000 Velocity Points based on your lifestyle and goals.
-
How to meet the minimum spend for credit card bonus points
Tips for meeting the minimum spend requirement to earn bonus points with your new credit card.
-
Frequent Flyer Credit Cards with Travel Insurance
Earn points as you spend and travel with peace of mind with a frequent flyer credit card that gives you complimentary travel insurance.
Ask an Expert
Hi there! Are there any cards that do a pre-approval without impacting on your credit score? After submitting all financial details, relevant papers etc, it would be great to know if any of the firms offer a pre-approval without a hard lodgement on your credit file.
Thanks
Hi Sarj,
Thanks for your comment and I hope you are well. As of this writing, we don’t have a page that offers a pre-approved credit card as well as one that will not impact your credit score.
Hope this clarifies!
Best,
Nikki
Can you please advise when the 100,000 bonus points awarded to those who open a Qantas American Express Ultimate Card are awarded? Are they applied as soon as the $3000 spend limit applies – perhaps after two months? – or only after the three months limit has passed?
Hi Kate,
Thank you for getting in touch with finder.
Points are typically credited in 2 weeks, but can take up to 8 after the spend criteria is met.
I hope this helps.
Have a great day!
Cheers,
Jeni
You forgot to mention the Qantas Cash Mastercard. The best!
Hi Beth,
Thanks for this info.
Yes, Qantas Prepaid Frequent Flyer Card with Qantas Cash is also featured on our finder site. You may go to this page for more information.
Best regards,
Rench
Can you please direct me towards cards that do not have a low cap. Already have an Amex but looking for a Visa card to gain maximum qantas points spending over $30000 a month.
Hi Jo,
Thanks for reaching out.
The credit cards with uncapped frequent flyer points are listed here. Please note though some of the cards do not directly earn frequent flyer points as you spend, their rewards points can be transferred to the frequent flyer program they are a partner with.
Cheers,
May
Hi, i heard westpac offers 100.000 bonus points for balance transfer than can be used towards qantas frequent flyer. Is that right?
Hi MyViaCe,
Thanks for your question.
Unfortunately, you can’t transfer your Westpac Altitude Rewards to Qantas frequent flyer program, but you can to Air New Zealand Airpoints, Cathay Pacific Asia Miles, Malaysia Airlines Enrich, Singapore Airlines KrisFlyer and Virgin Australia Velocity.
You can check the points conversion rate here.
Cheers,
Anndy
HI
I want to get a credit card to pay all bills and outgoings but want one with all the benefits.
Can you tell me if you earn points when paying utility, rates etc bills? or is just on purchases of products that qualify?
Hi Andrea,
Thanks for your question.
If you are looking for a credit card that lets you earn Frequent Flyer rewards or points when you pay bills, you can check this page for credit card providers that allow that. Once you have selected a provider, you can then proceed to choosing a credit card they offer that has the features or benefits you are looking for.
You may also want to check our guide on how to earn frequent flyer points on utilities.
Cheers,
Anndy
Hi,
For ANZ Frequent Flyer Credit Card – car insurance included local as well or only for use in overseas?
Thanks.
Hi Roy,
Thanks for your question.
Unfortunately, with ANZ Frequent Flyer Credit Card, the complimentary travel insurance is not one of its benefits. But ANZ premium cards do have complimentary travel insurance and it includes rental vehicle excess cover which is for overseas trips only. Please refer to this page that details the ANZ complimentary travel insurance.
Hope this helps.
Cheers,
May
Hi Finder,
I am looking for a credit card that gives me complimentary travel insurance. However the ones I have looked in to do not cover me for places where the govt has advised to ‘reconsider your need for travel’. I want to travel to places like Ethiopia but it falls under that category so I wouldn’t be covered. Do you know any credit cards that offer really good quality travel insurance that would cover me for places like that?
Thanks so much for your help!
Tom
Hi Tom,
Thanks for your inquiry.
Please note that you’ve come through finder.com.au, an online comparison service and is not in the position to recommend specific providers, products or services.
You may refer to our comparison page for credit cards that offer free travel insurance.
If you are after for a more comprehensive travel insurance, you can review standalone policies from Australian Travel Insurance Companies from this page.
I hope this helps.
Cheers,
Debbie
Hi Debbie,
Thanks for your help! I will check out those links now.
Cheers
Tom
No worries Tom. Just let us know we can assist you further. Thanks!
hi guys
just wanted to ask
how i could get a Frequent flyer Velocity Promo Code
thank you v much
Cheers,
Hi Chandy,
Thank you for your inquiry.
Please note that you’ve come through finder.com.au, an online comparison service and is not in the position to recommend specific providers, products or services.
Please refer to link I’ve sent in your email for the list of special offers from Velocity. You can also check this page for a list of latest Velocity promo codes from Virgin Australia.
I hope this helps.
Cheers,
Debbie
how often do I pay ,is it annually or monthly
if monthly I will cancel,please advice before I make my next payment on my a/e account
Hi Brian, thanks for your inquiry!
Generally credit card repayments are monthly. To allow us to assist you further could you specify which credit card you are using?
Cheers,
Jonathan