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.

American Express Credit Card Offer

Qantas American Express Premium Card

100,000 bonus Qantas Points &
50 bonus Status Credits

Offer ends 04 November 2020

Eligibility criteria, terms and conditions, fees and charges apply

American Express Credit Card Offer

The Qantas American Express Premium Card offers 100,000 bonus Qantas Points, 50 bonus Status Credits and up to 2 Qantas Points per $1 spent on eligible purchases.

  • Get 100,000 bonus Qantas Points and 50 bonus Status Credits when you're approved and spend $3,000 in the first 3 months.
  • Earn 1 Qantas Point per $1 spent, 0.5/$1 on government spend and 1 additional point on select Qantas Australia spend.
  • Complimentary travel insurance and two complimentary single entry invitations to the Qantas Club Lounge per year.
  • Annual fee of $249 and purchase interest rate of 20.74% p.a.
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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.

Data indicated here is updated regularly
Name Product Bonus points Rewards program Rewards points per $ spent Purchase rate Annual fee
Qantas American Express Premium Card
100,000
Qantas Frequent Flyer
1
20.74% p.a.
$249
Enjoy 100,000 bonus Qantas Points, 50 bonus Status Credits and 2 complimentary Qantas Club lounge invitations per year. Ends 4 November 2020.
NAB Qantas Rewards Signature Card
130,000
Qantas Frequent Flyer
1
19.99% p.a.
$295 annual fee for the first year ($395 p.a. thereafter)
Collect up to 130,000 bonus Qantas Points (100k when you spend $3,000 in the first 60 days and 30k after 12 months). Plus, 75 bonus Status Credits.
Qantas Premier Platinum
100,000
Qantas Frequent Flyer
1
19.99% p.a.
$199 annual fee for the first year ($299 p.a. thereafter)
Get 100,000 bonus Qantas Points, 75 bonus Status Credits and a 0% p.a. balance transfer rate for 18 months (with a one-time 1% BT fee).
ANZ Frequent Flyer Black
120,000
Qantas Frequent Flyer
1
20.24% p.a.
$425
Collect 120,000 bonus Qantas Points and $200 back when you spend $3,000 in the first 3 months. Plus, complimentary lounge passes.
Citi Rewards Card - Flybuys Offer
75,000
flybuys,Citi Rewards Program
1
21.49% p.a.
$49 annual fee for the first year ($149 p.a. thereafter)
Receive 75,000 bonus Flybuys points and a $100 Kmart eGift Card when you meet the spend requirement. Plus, a reduced first-year annual fee.
Westpac Altitude Platinum Qantas
60,000
Qantas Frequent Flyer
0.5
20.49% p.a.
$99 annual fee for the first year ($200 p.a. thereafter)
Get 60,000 bonus Qantas Points when you spend $3,000 within 90 days. Plus, a first-year annual fee discount and a long-term balance transfer offer.
Citi Rewards Card - $500 Voucher Offer
N/A
Citi Rewards Program
1
21.49% p.a.
$99 annual fee for the first year ($199 p.a. thereafter)
Get a $500 e-voucher to spend at Myer, JB Hi-Fi or Coles when you spend $3,000 in the first 90 days. Plus, earn points with the Citi Rewards Program.
Suncorp Clear Options Platinum Credit Card
100,000
Suncorp Bank Rewards Program
1.25
20.74% p.a.
$129
Earn 100,000 bonus points when you spend $3,000 in the first 90 days. Plus, complimentary insurance covers included.
Virgin Australia Velocity Flyer Card - Balance Transfer Offer
30,000
Velocity Frequent Flyer
0.66
20.74% p.a.
$64 annual fee for the first year ($129 p.a. thereafter)
Get 0% p.a. for 22 months on balance transfers and a reduced first-year annual fee. Plus, earn up to 30,000 bonus Velocity Points.
American Express Qantas Business Rewards Card
120,000
Qantas Business Rewards
1.25
N/A
$450
ABN holders w/ $75,000 revenue. Get 120,000 bonus points, 3x points on eligible Qantas flights & 2 lounge passes per year. Ends 4 November 2020.
St.George Amplify Platinum - Qantas
70,000
Qantas Frequent Flyer
0.5
19.74% p.a.
$99
Earn 70,000 bonus Qantas Points, plus enjoy 0% p.a. on balance transfers for 15 months and complimentary insurance covers.
HSBC Platinum Qantas Credit Card
20,000
Qantas Frequent Flyer
1
19.99% p.a.
$99
Receive 20,000 bonus Qantas Points and a long-term balance transfer offer. Plus, complimentary travel insurance.
NAB Rewards Business Signature Card
100,000
NAB Rewards
1.25
18.5% p.a.
$175
Earn 100,000 bonus points when you spend $4,000 on everyday business purchases in the first 60 days of account opening. ABN required.
Bank of Melbourne Amplify Platinum - Qantas
70,000
Qantas Frequent Flyer
0.5
19.74% p.a.
$99
Receive 70,000 bonus Qantas Points when you spend $1,500 each month for the first 3 months and earn up to 0.5 Qantas Points per $1 spent.
BankSA Amplify Platinum - Qantas
70,000
Qantas Frequent Flyer
0.5
19.74% p.a.
$99
Receive 70,000 bonus Qantas Points when you spend $1,500 each month for the first 3 months. Plus a 0% balance transfer offer.
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*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 October 2020

Check out this list of frequent flyer credit cards in Australia to decide if one is right for you:

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.

Types of frequent flyer credit cards

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.
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Collect 120,000 bonus Qantas Points and $200 back when you spend $3,000 in the first 3 months. Plus, complimentary lounge passes.

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.

Case Study: 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:

FlightCostQantas PtsVelocity PtsValue/1,000 Qantas PtsValue/1,000 Velocity Pts
Sydney to Melbourne return (Economy)$32116,00015,600$20.06$20.58
Sydney to Melbourne return (Business)$99836,80031,000$27.12$32.19
Sydney to Los Angeles return (Economy)$1,503132,40089,600$11.35$16.77
Sydney to Los Angeles return (Business)$10,416318,000191,000$32.75$54.53

(All calculations are based on 17 September, 2020 prices. Points values for purchasing flights are for Classic Flight rewards.)

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Frequently 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.
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Credit Cards Comparison

Data indicated here is updated regularly
Name Product Purchase rate Balance transfer rate Annual fee
Citi Rewards Card - Exclusive Offer
21.49% p.a.
0% p.a. for 30 months
$49 annual fee for the first year ($149 p.a. thereafter)
Finder Exclusive
Save on interest with 0% p.a. on balance transfers for 30 months with no balance transfer fee. Plus, a $49 first-year annual fee and Citi Rewards.
Coles No Annual Fee Mastercard
0% for 12 months, reverts to 19.99% p.a.
0% p.a. for 12 months
$0
Save on new and existing interest charges with 0% p.a. on balance transfers and purchases for 12 months.
Qantas American Express Premium Card
20.74% p.a.
$249
Enjoy 100,000 bonus Qantas Points, 50 bonus Status Credits and 2 complimentary Qantas Club lounge invitations per year. Ends 4 November 2020.
Citi Rewards Card - $500 Voucher Offer
21.49% p.a.
0% p.a. for 12 months
$99 annual fee for the first year ($199 p.a. thereafter)
Get a $500 e-voucher to spend at Myer, JB Hi-Fi or Coles when you spend $3,000 in the first 90 days. Plus, earn points with the Citi Rewards Program.
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* The credit card offers compared on this page are chosen from a range of credit cards finder.com.au has access to track details from and is not representative of all the products available in the market. Products are displayed in no particular order or ranking. The use of terms 'Best' and 'Top' are not product ratings and are subject to our disclaimer. You should consider seeking independent financial advice and consider your own personal financial circumstances when comparing cards.

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