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Finder Awards 2020 Best Frequent Flyer Credit Card

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This card offers at least 120,000 bonus points over the first 13 months and $100 off the annual fee for the first year . It comes with travel insurance and purchase insurance, and earns 1 Qantas Point per $1 spent.

Finalists:

Methodology: Best Frequent Flyer Credit Card

Here's how our expert analysts assessed the Best Frequent Flyer Credit Card category to pick the 2020 winner.

Selection and scoring

Products were selected from the broader market that met these criteria:

  • Must directly earn frequent flyer points with Virgin or Qantas
  • Not a business card
  • Cards must not require loans or specific amounts of savings as eligibility criteria
  • Annual fee below $500

Qantas and Virgin Australia points will be treated equally. Tiebreakers were ranked by the lowest interest rate.

Scores were awarded out of 10 for each product metric, based on how each metric compares to the other products in a given category.

Scores for each metric were then weighted:

  • Annual fee: 25%, taking into account discounted first-year fees (15%) and second-year fees (10%) if applicable
  • Purchase interest rate: 2.5%
  • Soft points cap: 5%
  • Sign-up and minimum-spend bonus points: 25%
  • Max international transaction fee: 5%
  • Basic earn rate (points per dollar): 27.5%
  • Lounge passes: 10%

Availability criteria

Product must be available at the time of award announcement.
Products were analysed and compared to the market on the following dates:

  • 1/9/19 (Q1)
  • 1/12/19 (Q2)
  • 29/2/20 (Q3)
  • 32/5/20 (Q4)

Products must have been in the market for at least two of the four quarters, including the most recent quarter.
Quarters were weighted as follows unless otherwise stated (with Q4 being the most recent quarter):

  • Q4: 50% of final score
  • Q3: 25% of final score
  • Q2: 12.5% of final score
  • Q1: 12.5% of final score

For products only available in three quarters, the weighting is as follows:

  • Q4: 50% of final score
  • Q3: 35% of final score
  • Q2: 15% of final score

For products only available in two quarters, the weighting is as follows:

  • Q4: 60% of final score
  • Q3: 40% of final score

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