Best frequent flyer credit cards

Start earning more Qantas or Velocity Points with one of the market's top frequent flyer credit card deals (50+ cards from ANZ, Amex, Westpac and more).

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19 of 56 results
Finder Score Bonus points Points per $ spent Purchase rate p.a. Annual fee
Finder score
Bonus points
100,000
Qantas Frequent Flyer Sign up points
Points per $ spent
1
Purchase rate p.a.
20.99%
Annual fee
$349 first year ($399 after)
Earn up to 100,000 bonus Qantas Points when you spend $5,000 in the first 90 days. Plus, save with a reduced first-year annual fee.
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ANZ Rewards Black Credit Card image
Finder score
ANZ Rewards Black Credit Card
Finder AwardANZ Rewards Program
Bonus points
180,000
ANZ Rewards Program Sign up points
Finder score
Bonus points
180,000
ANZ Rewards Program Sign up points
Points per $ spent
2
Purchase rate p.a.
20.99%
Annual fee
$375
Earn up to 180,000 extra ANZ Reward Points: 130,000 extra points + $100 back when you spend $5,000 on eligible purchases in the first 3 months from approval, and additional 50,000 points when you keep your card for over 15 months from activation.
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American Express Explorer Credit Card image
Finder score
American Express Explorer Credit Card
Most LovedAmerican Express Membership Rewards
Bonus points
50,000
American Express Membership Rewards Sign up points
Finder score
Bonus points
50,000
American Express Membership Rewards Sign up points
Points per $ spent
2
Purchase rate p.a.
23.99%
Annual fee
$395
Get 50,000 Bonus Membership Rewards Points when you spend $4,000 on eligible purchases in the first 3 months. New American Express card members only. T&Cs apply.
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Qantas Money Titanium image
Finder score
Qantas Money Titanium
Qantas Frequent Flyer
Bonus points
150,000
Qantas Frequent Flyer Sign up points
Finder score
Bonus points
150,000
Qantas Frequent Flyer Sign up points
Points per $ spent
1.25
Purchase rate p.a.
20.99%
Annual fee
$1,200
Get 150,000 bonus Qantas Points when you spend $5,000 in the first 90 days. Plus, 20% bonus Status Credits on eligible flights, with a $200k minimum income requirement.
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American Express Platinum Card image
Finder score
American Express Platinum Card
Most LovedAmerican Express Membership Rewards
Bonus points
150,000
American Express Membership Rewards Sign up points
Finder score
Bonus points
150,000
American Express Membership Rewards Sign up points
Points per $ spent
2.25
Purchase rate p.a.
0%
Annual fee
$1,450
Earn 150,000 Bonus Membership Rewards Points when you spend $5,000 on eligible purchases in the first 3 months. New American Express card members only. T&Cs apply.
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ANZ Rewards Platinum - Velocity Points image
Finder score
Bonus points
80,000
ANZ Rewards Program Sign up points
Finder score
Bonus points
80,000
ANZ Rewards Program Sign up points
Points per $ spent
1.5
Purchase rate p.a.
20.99%
Annual fee
$149
Earn up to 80,000 bonus Velocity Points: 60,000 points + $50 back when you spend $3,500 in the first 3 months from approval and 20,000 points when you keep your card open for 15 months from activation.
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American Express Velocity Platinum Card image
Finder score
American Express Velocity Platinum Card
Most LovedVelocity Frequent Flyer
Bonus points
60,000
Velocity Frequent Flyer Sign up points
Finder score
Bonus points
60,000
Velocity Frequent Flyer Sign up points
Points per $ spent
1.25
Purchase rate p.a.
23.99%
Annual fee
$440
Earn 60,000 bonus Velocity Points when you spend $3,000 on eligible purchases in the first 3 months, plus up to 100 bonus Status Credits.
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Westpac Altitude Velocity Black image
Finder score
Westpac Altitude Velocity Black
Finder AwardVelocity Frequent Flyer
Bonus points
150,000
Velocity Frequent Flyer Sign up points
Finder score
Bonus points
150,000
Velocity Frequent Flyer Sign up points
Points per $ spent
0.5
Purchase rate p.a.
20.99%
Annual fee
$370
Get up to 150,000 bonus Velocity Points (90,000 points in year 1 when you spend $6,000 on eligible purchases in the first 120 days and additional 60,000 points when you meet the same spend requirement in year 2).
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ANZ Qantas Business Rewards image
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ANZ Qantas Business Rewards
Qantas Business Rewards
Bonus points
150,000
Qantas Business Rewards Sign up points
Finder score
Bonus points
150,000
Qantas Business Rewards Sign up points
Points per $ spent
0.75
Purchase rate p.a.
20.24%
Annual fee
$375
ABN holders w/ $75k revenue. Get up to 150,000 bonus Qantas Points when you meet the spend requirements, uncapped Qantas Points and complimentary travel insurance. Plus, a fast-track to Qantas Business Rewards Level 2.
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NAB Rewards Platinum Card – Velocity Points image
Finder score
Bonus points
80,000
NAB Rewards Sign up points
Finder score
Bonus points
80,000
NAB Rewards Sign up points
Points per $ spent
1
Purchase rate p.a.
20.99%
Annual fee
$195
Get up to 80,000 bonus Velocity Points: 60,000 points when you spend $4,000 in the first 90 days and 20,000 after 12 months.
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American Express Qantas Business Rewards Card image
Finder score
American Express Qantas Business Rewards Card
Finder AwardMost LovedQantas Business Rewards
Bonus points
130,000
Qantas Business Rewards Sign up points
Finder score
Bonus points
130,000
Qantas Business Rewards Sign up points
Points per $ spent
1.25
Purchase rate p.a.
0%
Annual fee
$450
Earn 130,000 bonus Qantas Points when you spend $3,000 on eligible purchases in the first 2 months. New American Express card members only. T&Cs apply. ABN holders w/ $75k revenue.
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Qantas American Express Ultimate Card image
Finder score
Qantas American Express Ultimate Card
Finder AwardMost LovedQantas Frequent Flyer
Bonus points
90,000
Qantas Frequent Flyer Sign up points
Finder score
Bonus points
90,000
Qantas Frequent Flyer Sign up points
Points per $ spent
1.25
Purchase rate p.a.
23.99%
Annual fee
$450
Limited time offer: Get up to 90,000 bonus Qantas Points. Plus, a yearly $450 Travel Credit. New American Express card members only. T&Cs apply.
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American Express Platinum Business Card image
Finder score
American Express Platinum Business Card
Most LovedAmerican Express Membership Rewards
Bonus points
300,000
American Express Membership Rewards Sign up points
Finder score
Bonus points
300,000
American Express Membership Rewards Sign up points
Points per $ spent
2.25
Purchase rate p.a.
0%
Annual fee
$1,750
Limited-time offer: Get 300,000 Bonus Membership Rewards Points when you spend $12,000 on eligible purchases in the first 3 months. New American Express card members only. T&Cs apply. ABN holders w/ $75,000 revenue.
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Qantas Money Everyday image
Finder score
Qantas Money Everyday
Qantas Frequent Flyer
Bonus points
8,000
Qantas Frequent Flyer Sign up points
Finder score
Bonus points
8,000
Qantas Frequent Flyer Sign up points
Points per $ spent
0.75
Purchase rate p.a.
20.99%
Annual fee
$99
Offers 8,000 bonus Qantas Points when you spend at least $3,000 on eligible purchases within the first 90 days, plus a 0% p.a. balance transfer offer, with 3% balance transfer fee.
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American Express Velocity Escape Plus Card image
Finder score
American Express Velocity Escape Plus Card
Most LovedVelocity Frequent Flyer
Bonus points
30,000
Velocity Frequent Flyer Sign up points
Finder score
Bonus points
30,000
Velocity Frequent Flyer Sign up points
Points per $ spent
1
Purchase rate p.a.
23.99%
Annual fee
$95
Get 30,000 bonus Velocity Points when you spend $3,000 on eligible purchases in the first 3 months, plus a $50 Virgin Australia Statement Credit. New American Express card members only. T&Cs apply.
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American Express Velocity Business Card image
Finder score
American Express Velocity Business Card
Most LovedVelocity Frequent Flyer
Bonus points
120,000
Velocity Frequent Flyer Sign up points
Finder score
Bonus points
120,000
Velocity Frequent Flyer Sign up points
Points per $ spent
1
Purchase rate p.a.
0%
Annual fee
$249
Receive 120,000 bonus Velocity Points when you spend $3,000 on eligible purchases in the first 2 months. New American Express card members only. T&Cs apply. ABN holders w/ $75,000 revenue.
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Westpac Altitude Qantas Black image
Finder score
Westpac Altitude Qantas Black
Qantas Frequent Flyer
Bonus points
150,000
Qantas Frequent Flyer Sign up points
Finder score
Bonus points
150,000
Qantas Frequent Flyer Sign up points
Points per $ spent
0.5
Purchase rate p.a.
20.99%
Annual fee
$370
Get up to 150,000 bonus Qantas Points (90,000 points in year 1 when you spend $6,000 on eligible purchases in the first 120 days and additional 60,000 points when you meet the same spend requirement in year 2).
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Westpac Altitude Velocity Platinum image
Finder score
Westpac Altitude Velocity Platinum
Velocity Frequent Flyer
Bonus points
100,000
Velocity Frequent Flyer Sign up points
Finder score
Bonus points
100,000
Velocity Frequent Flyer Sign up points
Points per $ spent
0.35
Purchase rate p.a.
20.99%
Annual fee
$250
Receive up to 100,000 bonus Velocity Points (70,000 points in year 1 when you spend $4,000 on eligible purchases in the first 90 days and additional 30,000 points when you meet the same spend requirement in year 2).
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ANZ Business Black image
Finder score
ANZ Business Black
ANZ Rewards Program
Bonus points
150,000
ANZ Rewards Program Sign up points
Finder score
Bonus points
150,000
ANZ Rewards Program Sign up points
Points per $ spent
1.5
Purchase rate p.a.
20.24%
Annual fee
$375
ABN holders w/ $75k revenue. Earn up to 150,000 extra ANZ Reward Points when you meet the spend requirements (worth over $500 digital gift card) and 24/7 access to ANZ Global Business Concierge.
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Showing 18 of 18 results

The best frequent flyer credit cards for November

Updated November 2025 by Finder's senior money editor, Richard Whitten.

Best frequent flyer card for Qantas Points

Qantas American Express Ultimate Card

  • Up to 90,000 bonus Qantas Points
  • $450 Annual fee
  • 23.99% Purchase rate
Ends on 13 January 2026

Why we like it

The Qantas American Express Ultimate Card is a points-earning machine. You get a stack of bonus points if you spend enough in the first few months, and it has one of the highest earn rates on the market. It has some great travel perks too, like 2 complimentary lounge passes and travel insurance.
While there is a higher than average annual fee, it's entirely offset by the annual travel credit. The only thing you really need to watch out for is the 3% currency conversion fee if you're travelling overseas.
This card has a Finder Score of 9.9 in the frequent flyer category.

Pros & cons

  • Up to 90,000 bonus Qantas Points
  • Up to 2.25 Qantas Points per $1 spent on eligible purchases in Australia, uncapped
  • $450 Qantas Travel Credit each year
  • High $450 annual fee
  • High 23.99% p.a. interest rate for purchases
  • 3% foreign currency conversion fee

Best frequent flyer card for Velocity Points

American Express Velocity Platinum Card

  • 60,000 Bonus Velocity Points
  • $440 Annual fee
  • 23.99% Purchase rate

Why we like it

  • Offers 60,000 bonus Velocity Points when you spend $3,000 in the first 3 months. That's enough for a one-way business class flight from Sydney to Los Angeles.
  • 100 Velocity Frequent Flyer Status Credits when you spend $50,000 in your card membership year.
  • Complimentary Virgin Australia return economy domestic flight every year between selected cities.
  • Travel perks, including 4 lounge passes per year and travel insurance.

Pros & cons

  • 60,000 bonus Velocity Points offer
  • Get 50 Velocity Status Credits per year when you spend at least $25,000 on eligible purchases each membership year, plus 50 credits if you spend a further $25,000 in that year.
  • Virgin Australia Lounge Access & Guest Lounge Passes at select domestic airports
  • Relatively high $440 annual fee
  • 3% foreign transaction fee
  • The 23.99% p.a. interest rate for purchases is high among other credit cards in Australia

Best business frequent flyer credit card

American Express Qantas Business Rewards Card

  • 130,000 Bonus Qantas Points
  • $450 Annual fee
  • N/A Purchase rate
Ends on 13 January 2026

Why we like it

The American Express Qantas Business Rewards Card is a frequent flyer-oriented business card. It offers a very good combination of bonus Qantas Points, complimentary travel insurance and a high earn rate. But the annual fee is on the steeper side at $450.
This card has a Finder Score of 9.9 in the frequent flyer category.

Pros & cons

  • 130,000 bonus Qantas Points
  • Complimentary travel insurance
  • 2 complimentary domestic Qantas Club lounge passes per card membership year
  • The standard $450 annual fee is relatively high
  • 3% foreign currency conversion fee

Video: How I got business upgrades to London & still have 934,000 Frequent Flyer Points

5:18

How do frequent flyer credit cards work?

You can use a frequent flyer credit card just like any regular credit card, but it's linked to your frequent flyer account. So every time you make a purchase with the card, you earn points – usually between 0.5 and 1.25 per $1 spent.

Many cards also come with introductory bonus points, which can give you enough for a free flight. These offers are a popular way to get value from a frequent flyer card in a short amount of time. You can also get value each year with perks like lounge passes, complimentary insurance and travel credit.

There are also frequent flyer business credit cards that offer some very lucrative points deals and perks for business customers.

Points give me access to money-can't-buy experiences

Sarah Megginson

Finder's head of editorial Sarah Megginson has used frequent flyer points to get flight upgrades and holidays for over 10 years – including a business class trip from Brisbane to LA for her family of 5.

She also uses points to upgrade and save on business class flights in Australia, with Finder analysis showing each 1 Qantas Point used on an upgrade is typically worth between 2 and 8 cents.

Megginson gets around 500,000 Qantas Points a year by collecting them in just about every way she can – including bonus point offers on frequent flyer credit cards.

Depending on the mix of credit cards, Megginson said she would spend around $300 to $800 per year on fees.

"I see the fees as an investment into this lifestyle I'd never have otherwise," she said.

Bottom line? Anyone can take advantage of frequent flyer points – and with the right credit card you can get rewarded for money you were going to spend anyway.

Types of frequent flyer credit cards

Tip: If you want KrisFlyer Miles, Emirates Skywards Miles or points through another frequent flyer program, check out rewards credit cards with points you can transfer.

Pros and cons of frequent flyer credit cards

Pros

  • Bonus points offers. You can typically get between 8,000 and 150,000 bonus points when you apply for a new frequent flyer credit card and meet the offer requirements. This can be enough for an overseas flight or great upgrades.
  • Points per $1 spent. Most frequent flyer credit cards earn between 0.5 and 1.25 points on everyday spending, and some offer more for spending with partnered airlines.
  • Travel perks. Many cards offer complimentary travel insurance, airport lounge access, flight or travel credit and even status credits to help you reach higher membership tiers.

Cons

  • Bonus point requirements. Some frequent flyer credit cards split the bonus points offer, so you need to keep the card for over a year to get them all.
  • High card costs. Frequent flyer credit cards typically have high interest rates around 19% to 22% for purchases. And annual fees are usually around $200-$450 or more for cards with good earn rates and perks.
  • 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.

Are frequent flyer cards worth it?

Frequent flyer credit cards are worth it if you pay off your balance and get enough value for the annual fee you'll pay. You don't have to use every feature, just make sure you take advantage of the perks you value.

Some key points to keep in mind:

  • Most credit cards offer an interest-free period for purchases when you pay the full balance each month.
  • Introductory offers can include a reduced or $0 annual fee in the first year.
  • You can cancel a card at any time if you don't want it any more.
  • Qantas and Velocity offer other ways to earn points with partners – you could even choose to earn points through both programs.
💡 Travel tip: If you're planning to travel with a credit card, keep in mind that most frequent flyer cards charge a 2-3% international transaction fee for overseas spending. You can compare cards with no foreign transaction fees or take cash and debit cards to help save on costs.

How do I find the best frequent flyer credit card for me?

Rates and fees aside, here are the key questions you can ask to choose a frequent flyer credit card.

Gold medal

How many bonus points can I get?

Introductory bonus point offers can give you between 8,000 and 150,000 frequent flyer points on cards for personal spending (as opposed to business frequent flyer cards). You'll have to meet a spend requirement to get them, so make sure to check that before you apply.

For example, if an offer requires you to spend $4,000 in the first 60 days and you aren't sure you'll spend that much, it's worth looking at other offers. Or, planning how you'll meet the spend requirement and manage the repayments.

Gold medal

How many points can I earn for my spending?

Bonus points offer the biggest value on a frequent flyer credit card but the points you earn per $1 spent also add up over time. A card that earns 1 frequent flyer point per $1 (or more) is competitive, but check if there is a cap on how many points you can earn at that rate.

If you get a rewards credit card that offers point transfers, 1 reward point will usually give you between 0.25 and 0.5 frequent flyer points. So a card that offers at least 2 rewards points per $1 is competitive.

Gold medal

Are there extra features?

A lot of frequent flyer credit cards offer travel extras, including complimentary travel insurance, airport lounge passes, travel credit and concierge services.

To get value from them, you actually have to use them. If you won't, you might want to look at a frequent flyer credit card with a lower annual fee and fewer perks instead.

What are my frequent flyer points worth?

The dollar value of your frequent flyer points depends on what rewards you redeem.

In general, flight upgrades and flight rewards give you the best value and offer an average of around 2 cents for every 1 point redeemed. In comparison, gift card rewards typically offer 0.5 cents per point.

A Finder survey found 15 million Australians are missing out on value by redeeming reward points for cashback on shopping – but flight rewards usually give you more bang for your buck.

Example: Value per 1,000 Qantas/Velocity points

These examples give you an idea of the value of your points for a few domestic flights. Keep in mind that the total points needed and value can change based on factors including the fare class, flight sales and carrier charges (which are usually billed separately).

Flight
Cost
Points
Value/1,000 Points
Sydney to Melbourne one-way (Qantas, Economy)
$128
9,200 Qantas Points
$13.91
Sydney to Perth one-way (Qantas, Business)
$2,518
43,600 Qantas Points
$35.39
Sydney to Melbourne one-way (Virgin, Economy)
$142.23
9,900 Velocity Points
$14.37
Sydney to Perth one-way (Virgin, Business)
$1,244.54
35,500 Velocity Points
$35.06

You can check out Finder's guide to how much 1 Qantas Point is worth for more examples. You can also use Finder's points calculator if you want to know how much your points (from all major Australian programs) are worth.

Point-hacking

There are dedicated point-chasers that will switch cards every year or two to make the most of bonus point promotions.

This strategy is sometimes known as credit card churning and can suit people who primarily use credit cards to earn points and pay it off as they go. Otherwise, the cost of annual fees, interest and potential credit score impact won't be worth it.

Point hacking and credit card eligibility

Credit card brands frown on churning, and many bonus point offers exclude people who have recently had a card with the same bank or brand. For example, if you had an American Express card, you'd usually need to wait 18 months after cancelling it before you would be eligible for a bonus points offer on another Amex card.

Here, we've outlined the amount of time you'll need to wait to be eligible for a bonus points offer with different providers.

Provider
Exclusion period (months)
American Express
18
ANZ
12
CommBank
12
NAB
18
Westpac
12
Qantas Money
12
Bankwest
24
HSBC
12
St.George
12
Bank of Melbourne
12
BankSA
12

Note: Citi and Virgin Money don't list a specific timeframe for previous or existing customers.

Some banks apply this exclusion period to each type of rewards card. For example, NAB applies an 18-month exclusion period to NAB Qantas Rewards cards, separate to NAB Rewards cards. And ANZ has a 12-month exclusion period for ANZ Frequent Flyer cards, separate to ANZ Rewards cards.

In these cases, you'd still be eligible for a frequent flyer credit card offer with NAB or ANZ, even if you had a NAB Rewards or ANZ Rewards card.

More about the Frequent Flyer Credit Card Finder Score

Frequently asked questions

Sources

Sarah Megginson's headshot
Aaron Christie-David's headshot
To make sure you get accurate and helpful information, this guide has been edited by Sarah Megginson and reviewed by Aaron Christie-David, a member of Finder's Editorial Review Board.
Richard Whitten's headshot
Senior Money Editor

Richard Whitten is Finder’s Senior Money Editor, with over eight years of experience in home loans, property, credit cards and personal finance. His insights appear in top media outlets like Yahoo Finance, Money Magazine, and the Herald Sun, and he frequently offers expert commentary on television and radio, helping Australians navigate mortgages and property ownership. Richard started his career in education and textbook publishing in South Korea. He holds multiple industry certifications, including a Certificate IV in Mortgage Broking (RG 206) and Tier 1 and Tier 2 certifications (RG 146), as well as a Bachelor of Education from the University of Sydney and a Graduate Certificate in Communications from Deakin University. See full bio

Richard's expertise
Richard has written 687 Finder guides across topics including:
  • Home loans
  • Credit cards
  • Personal finance
  • Money-saving tips

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