Points travel is back, how can you earn more points?
Picking the right credit card makes a massive difference.
During a global pandemic and international border lockdowns, using frequent flyer points to travel understandably hasn't been a priority.
But with Australian borders starting to open on November 1 and 2022 looking more promising, thoughts are starting to turn to how we can use the points we've been stockpiling and how we can get more of them.
A recent Finder survey of Australian credit card holders found that a massive 37% had chosen their most recent card in order to earn more reward points.
That makes me happy, because that's a really sensible way to use a card.
If you get a rewards card with a healthy bonus points offer, use it for your regular purchases and keep it paid off each month, you can get value that far outstrips the annual fee.
That was true pre-pandemic, and it's true now.
Let's take the ANZ Frequent Flyer Black as an example. Sign up for this card, keep it for a year and spend $3,000 in the first 3 months, and you'll get 130,000 Qantas Points.
That's enough points for a return economy trip to the UK, which is easily worth $2,000. That's a lot more than the annual $425 fee. Plus, right now there's a one-time cashback offer of $255 if you meet that $3,000 spend requirement, which effectively drops the annual fee to $170 – way less than the value of those points.
Does a $425 annual fee seem too steep? The Qantas American Express Discovery Card gives you 10,000 Qantas Points if you spend $750 in the first 3 months, and there's no annual fee.
I firmly believe there's a good rewards card for everyone. And with global travel resuming, it's time to start picking the right one for you.
Want to keep your frequent flyer points balance growing? Check out the latest credit card sign-up deals.
Angus Kidman's Findings column looks at new developments and research that help you save money, make wise decisions and enjoy your life more.
Picture: Angus Kidman