
- 1.25 points per $1 spent
- $450 annual fee
- 1.25 points per $1 spent
- $450 annual fee
Scan to download the Finder app on iOS or Android
We’re reader-supported and may be paid when you visit links to partner sites. We don’t compare all products in the market, but we’re working on it!
We update our data regularly, but information can change between updates. Confirm details with the provider you're interested in before making a decision.
Frequent flyer credit cards are the easiest way to earn Qantas, Velocity or other points on your everyday spending. They also offer great travel perks, such as lounge access, complimentary insurance and big bonus point offers. Here, you can compare every frequent flyer card in our database to find the best one for you. Make sure to look at bonus points offers, the number of points you'll get per dollar spent and the costs that apply.
Check out this list of frequent flyer credit cards in Australia to decide if one is right for you:
You can use a frequent flyer credit card to earn points on everyday, eligible purchases. These cards are linked to Qantas Frequent Flyer, Velocity Frequent Flyer or another airline loyalty program – and offer you a set number of points per dollar spent. For example, you could earn 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, including supermarket shopping, retail therapy, petrol, dining out and even streaming service subscriptions. Cash advances, balance transfers and BPAY payments don't typically earn points. Once you’ve earned enough points, you can redeem your points for flights, flight upgrades, accommodation or even retail rewards.
Sarah Megginson, Finder's senior editor for money
For over 5 years, Sarah Megginson has used frequent flyer points to get flight upgrades and book luxury holidays for her family of 5 – 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 5 or 6 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 said she typically earns around 500,000 Qantas Points in a year by collecting them in just about every way she can, including the following:
What about the costs?
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 got by 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.
Earn Qantas Points per $1 spent
Earn Velocity Points per $1 spent
Earn points and pay $0 annual fee
Save 2-3% on international transactions
Earn points for your business expenses
Take advantage of premium perks
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.
Frequent flyer credit cards have their perks but can come at a cost. Here are some questions to ask when you're looking at cards:
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.
Introductory bonus point offers generally vary between 10,000 and 150,000 points on cards designed for personal spending.
To get a sense of the value, look at what rewards you can redeem with the bonus points – and check the spend requirements. For example, let's say you have to spend $4,000 in 60 days to get 100,000 bonus Qantas Points. That is equivalent to earning around 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.
There are 3 key factors for earning points with a frequent flyer credit card:
Most frequent flyer programs are free to join, although Qantas Frequent Flyer has a one-time $99.50 joining fee. But there are a few ways to join the Qantas Frequent Flyer program for free – including with some credit cards.
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.
Paying with a frequent flyer credit card can be a great way to boost your points balance and redeem your next flight reward sooner. But these cards often come with expensive annual fees and purchase interest rates, so here are a few details to keep in mind when you're deciding if you want a frequent flyer card.
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 and extra features (such as airline lounge passes or travel credits) to the annual fee. The value of these rewards and extra perks should be higher than the cost of the card.
There are a bunch of competitive frequent flyer credit cards on the market right now, so comparing your options will help you find the most rewarding one for you.
The dollar value of your frequent flyer points depends on what you redeem them for – but here’s an example to show how far your points can take you.
Say you earned 100,000 bonus points with a new credit card. That's enough for a return economy reward flight with either Qantas (83,800 Qantas Points) or Virgin Australia (89,600 Velocity Points), not including any extra fees or taxes.
To put this in perspective, the cost of buying an economy return Qantas flight from Sydney to Los Angeles can start from $1,663 at the time of writing. This means that 1 Qantas Point is worth about 1.98 cents if you use points to redeem this flight. You can usually find return economy Virgin Australia flights from Sydney to Los Angeles for around the same price, so you can expect the value of Velocity Points to be similar for this reward.
As another example, you could get $475 worth of Woolworths digital gift cards for 98,430 Qantas Points if you didn't want to fly (one $250 gift card, two $100 gift cards and one $25 gift card from the Qantas Store). But this reward offers less value in comparison to the flight example above, giving you just 0.5 cents value per point.
To get the most from your frequent flyer points, compare a few options and redeem the one that offers the highest dollar value for your points. See Finder’s guide to how much 1 Qantas Point is worth for more examples.
If you're planning your next overseas trip, the examples below give you an idea of how much value you can get from your frequent flyer points. Just keep in mind that flight costs and the total points needed can change based on factors including the fare class, carrier charges and flight sales.
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 | 83,800 | 89,600 | $17.94 | $16.77 |
Sydney to Los Angeles return (Business) | $10,416 | 216,800 | 191,000 | $48.04 | $54.53 |
(Calculations are based on 24 January 2022 point values for Qantas Classic Flight rewards and Virgin Australia Reward Seats.)
RELATED: Paying for flights? Check out the latest flight deals.
Back to topYou can usually only earn points on what your bank or credit card provider considers an eligible transaction. This usually includes everyday spending at the supermarket, on travel bookings and more. You usually can’t earn points on gambling transactions, cash advances, balance transfers and sometimes government transactions.
You'll find details of the transactions you can and can't earn points on in your credit card's product disclosure statement.
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 – or designed for business spending, rather than personal use.
Some credit cards have promotional offers that let you earn status credits. You can check the comparison table above for any offer that comes 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.
When you earn frequent flyer points with your credit card, they’re transferred to your linked frequent flyer account – usually once a month. To redeem your points, log in to your frequent flyer account and follow the prompts to redeem your rewards.
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.
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 partners including British Airways, American Airlines and Cathay Pacific.
If the points have already been transferred to your frequent flyer account, you won't lose them by closing your credit card account. But it can sometimes take a few weeks for the frequent flyer points to appear in your account, so make sure the points have moved across to your frequent flyer account before you cancel your card.
The value of your points will depend on the loyalty program and the reward you’re redeeming. Generally, redeeming your points for flights and upgrades offers the best value, as this guide to how much 1 Qantas Point is worth shows.
You can work out the value of your points for any reward by dividing the retail cost of the reward by the number of points you need to redeem it. For example, if a flight cost $600 and you could redeem it for 40,000 frequent flyer points, the value of each point would be 1.5 cents.
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.
Icons made by Linector, Flat Icons, Freepik, monkik on www.flaticon.com. Pictures: Getty Images
Amy has been writing about personal finance for more than 13 years – including over 600 articles as a senior writer for Finder. She is also the editorial lead for Finder Green, covering sustainability across different industries. Her work has appeared in publications including Money Magazine, The Sydney Morning Herald, Financy, ABC News Australia and Equity Magazine. Amy also has a Bachelor of Arts in Journalism and Drama from Griffith University.
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.
Looking for best credit card for earning Qantas Points? Compare these cards based on standard earn rates, introductory bonus points offers and other features to find one that works for you.
Earn KrisFlyer miles on your everyday spending and get introductory bonus points with a credit card linked to the Singapore Airlines frequent flyer program.
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.
How to pay less for your card while still earning 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.
Discover how many Qantas or Velocity points you need to book or upgrade to a business class flight ticket.
Frequent flyer credit cards can reward your spending, but how can you ensure that the perks outweigh the costs?
Discover which Velocity credit cards offer complimentary Virgin Australia flight vouchers and Virgin Lounge passes.
Reward your spending with an air miles credit card and redeem points for your next flight.
Our goal is to create the best possible product, and your thoughts, ideas and suggestions play a major role in helping us identify opportunities to improve.
finder.com.au is one of Australia's leading comparison websites. We compare from a wide set of banks, insurers and product issuers. We value our editorial independence and follow editorial guidelines.
finder.com.au has access to track details from the product issuers listed on our sites. Although we provide information on the products offered by a wide range of issuers, we don't cover every available product or service.
Please note that the information published on our site should not be construed as personal advice and does not consider your personal needs and circumstances. While our site will provide you with factual information and general advice to help you make better decisions, it isn't a substitute for professional advice. You should consider whether the products or services featured on our site are appropriate for your needs. If you're unsure about anything, seek professional advice before you apply for any product or commit to any plan.
Products marked as 'Promoted' or 'Advertisement' are prominently displayed either as a result of a commercial advertising arrangement or to highlight a particular product, provider or feature. Finder may receive remuneration from the Provider if you click on the related link, purchase or enquire about the product. Finder's decision to show a 'promoted' product is neither a recommendation that the product is appropriate for you nor an indication that the product is the best in its category. We encourage you to use the tools and information we provide to compare your options.
Where our site links to particular products or displays 'Go to site' buttons, we may receive a commission, referral fee or payment when you click on those buttons or apply for a product. You can learn more about how we make money here.
When products are grouped in a table or list, the order in which they are initially sorted may be influenced by a range of factors including price, fees and discounts; commercial partnerships; product features; and brand popularity. We provide tools so you can sort and filter these lists to highlight features that matter to you.
We try to take an open and transparent approach and provide a broad-based comparison service. However, you should be aware that while we are an independently owned service, our comparison service does not include all providers or all products available in the market.
Some product issuers may provide products or offer services through multiple brands, associated companies or different labelling arrangements. This can make it difficult for consumers to compare alternatives or identify the companies behind the products. However, we aim to provide information to enable consumers to understand these issues.
Providing or obtaining an estimated insurance quote through us does not guarantee you can get the insurance. Acceptance by insurance companies is based on things like occupation, health and lifestyle. By providing you with the ability to apply for a credit card or loan, we are not guaranteeing that your application will be approved. Your application for credit products is subject to the Provider's terms and conditions as well as their application and lending criteria.
Please read our website terms of use and privacy policy for more information about our services and our approach to privacy.
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, the Qantas Prepaid Frequent Flyer Card with Qantas Cash is also featured on our site. You may refer to our list of frequent flyer credit cards 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.
We do have a page for credit cards with uncapped frequent flyer points. 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.
I hope this helps.
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.
Please feel free to read more about transferring frequent flyer points and their points conversion rate.
Cheers,
Anndy