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Uncapped Frequent Flyer Credit Cards with No Points Capping & No Points Expiry

Information verified correct on April 30th, 2017

Let your rewards points take you to more places by using a frequent flyer credit card that does not cap your points earning capability or let them expire

If you want the full benefit of a frequent flyer credit card, you could consider one that allows you to earn unlimited points without ever expiring. Some will limit how much you can spend to earn points, while others may cap the number of points you are able to earn. Ideally, a frequent flyer credit card will allow you to keep on spending and banking points until you are ready to redeem them.

While exploring your different options for this type of credit card, it is also important that you compare its other features with other similar offers to find the greatest option for you.
ANZ Frequent Flyer Black

ANZ Frequent Flyer Black

Receive 75,000 bonus Qantas Points within the first three months when you meet the minimum required spend. Plus, earn 75 Bonus Status Credits when you buy and fly return with Qantas by 30 September 2017.

  • $0 p.a. annual fee for the first year ($425 p.a. thereafter) annual fee
  • 19.99% p.a. on purchases
  • Cash Advance Rate of 21.49% p.a.
  • Up to 55 days interest free
  • Minimum Income Requirement of $75,000 p.a.

Comparison of Frequent Flyers Credit Cards with Uncapped Points and No Expiry

Rates last updated April 29th, 2017.

ANZ Rewards Credit Card

A new offer of $250 Westfield Gift Card on eligible spend plus $0 annual fee for the first year.

March 1st, 2017

ANZ Rewards Platinum

A new offer of $250 Westfield Gift Card on eligible spend plus $0 annual fee for the first year

March 1st, 2017

Qantas American Express Ultimate Card

Bonus points offer changed from 50,000 to 75,000 plus new earn rates have applied.

March 7th, 2017

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Jonathan Choi Jonathan
Rewards Points per $ spent (VISA/MC) Rewards Points per $ spent (AMEX) Bonus Points Annual fee
American Express Velocity Escape Card
Enjoy 7,500 bonus Velocity Points when you apply online and meet the minimum spend requirement, plus earn up to 2 points for every $1 you spend, together with a $0 annual fee.
1 7,500 bonus points $0 p.a. Go to site More info
American Express Platinum Edge Credit Card
Receive 5,000 Membership Rewards Bonus Points when you meet the minimum spend requirement. Enjoy a $200 travel credit every year and pay no annual fee for the first year.
0 1 5,000 bonus points $0 p.a. annual fee for the first year ($195 p.a. thereafter) Go to site More info
American Express Velocity Platinum Card
Receive 50,000 bonus Velocity Points when you apply online, are approved and meet the minimum spend required, plus take advantage of the 0% p.a. for 12 months balance transfer offer. Also receive a complimentary return flight every year.
0 1 50,000 bonus points $349 p.a. Go to site More info
ANZ Rewards Platinum
Receive $250 Westfield Gift Card when you spend $2,500 within 60 days from card approval, earn up to 1.5 points per $1 spent on eligible purchases, plus enjoy a $0 annual fee for the first year.
1.5 $0 p.a. annual fee for the first year ($95 p.a. thereafter) Go to site More info
Qantas American Express Ultimate Card
Enjoy 75,000 bonus Qantas Points when you meet the spend criteria plus 75 Bonus Status Credits when you book and fly back with Qantas. Earn up to 2.5 Qantas Points per $1 spent on eligible purchases.
1.5 75,000 bonus points $450 p.a. Go to site More info
Qantas American Express Discovery Card
Earn 1 point per $1 spent plus enjoy 0% p.a. on balance transfers for 12 months, all for a $0 annual fee.
1 $0 p.a. Go to site More info
ANZ Rewards Credit Card
Receive $250 Westfield Gift Card when you spend $2,500 in the first 60 days from approval, earn up to 1 point per dollar spent on eligible purchases, plus enjoy a $0 annual fee for the first year.
1 $0 p.a. annual fee for the first year ($80 p.a. thereafter) Go to site More info
American Express Velocity Business Card
A truly dedicated business rewards credit card which will allow you to earn up to Velocity Rewards points. Download all your card expenses in a format readable by Quicken, MYOB, Microsoft Excel and more, helping you simplify your quarterly BAS reporting.
0 1 $249 p.a. Go to site More info
Qantas American Express Premium Card
Earn 60,000 bonus Qantas Points when you apply as a new card member and meet the minimum spend requirement. Plus enjoy frequent flyer benefits including uncapped Qantas Points per $1 spent, complimentary travel insurance and Qantas Club lounge invitations.
1.25 60,000 bonus points $249 p.a. Go to site More info
American Express Gold Business Card
No cap or expiry of points while your account is active.
0 1 10,000 bonus points $169 p.a. Go to site More info
St.George Amplify Card
A low interest rate of 0% p.a. for 12 months on balance transfers and a purchase offer of 0% p.a. for 6 months.
1 0 $79 p.a. Go to site More info
St.George Amplify Platinum
This card features a 30,000 bonus points offer and introductory interest rates on balance transfers and purchases.
1 0 30,000 bonus points $99 p.a. Go to site More info
St.George Amplify Signature
Receive 30,000 sign-up bonus points with low introductory interest rates on purchases and balance transfers.
1.5 0 30,000 bonus points $279 p.a. Go to site More info
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What are the benefits of using a frequent flyer card with uncapped points and no expiry?

Australians who travel often know the high cost it can incur. Being a part of a frequent flyer program and earning points can go a long way in cutting those costs if you know what to look for:

Maximise your earning potential

If you typically spend large amounts using credit during the year, you will miss out on that spending earning you points if you reach the limit before the year is finished.

Save up for larger rewards

With no expiry on points earned, you have the opportunity to save up for larger rewards or even get discounts on more than one ticket for your travels.

Gold card perks

If you qualify for a gold frequent flyer card with no points capping or expiry you will typically also get a better point to dollar ratio, an interest-free purchase period and a competitive interest rate.

What are the pros and cons of using an uncapped frequent flyer card with no points expiry?

Pros

  • Save your points. With this type of frequent flyer card there is no pressure to travel every year. Instead, you can save your points and use them towards multiple travel rewards on one trip.
  • Maximum earning potential. No capping means that every dollar you spend while using the card is going towards building your rewards account.
  • Multiple rewards. When you are able to save your points you can cash them in later for multiple flights and other rewards rather than just on one ticket.
  • Bonus points. Some cards will offer you bonus points, either in a large lump sum when meeting certain criteria, or as double or triple points when shopping with affiliated retailers. With no points capping you can take full advantage of these bonus points.

Cons

  • Spending for the sake of earning points. If you’re catering your spending to redeem a particular reward, you may find yourself using your credit card unnecessarily just to earn points.
  • Points earning and redeeming limitations. Be wary of frequent flyer cards that do not cap points, but also do not allow you to redeem more than a certain amount at a time.
  • Airline restrictions. When looking into a frequent flyer program that does not cap your points, ensure that the airlines that you can redeem them with are compatible with where you normally travel.
  • Point earning. To get the maximum benefit from a no points capping and no expiry credit card, you will want to find one that allows you to earn points with shopping as well as travelling.

What other features should I consider when comparing frequent flyer cards with uncapped points and no points expiry?

A rewards credit card, even one with no points capping or expiry, is only as valuable as its other features. Look into these closely before deciding which card is right for you:

  • What is the annual fee? Annual fees are typically higher with a rewards credit card that does not cap point earning.
  • Is there a balance transfer offer? The ability to save money by consolidating debt will help you enjoy those rewards points even more.
  • Cash advance rates. Not only will a cash advance using your credit card incur higher rates, you may also be charged fees for the service.
  • Interest rates on purchases. Rewards credit cards are typically at the high end of the competitive interest rate scale.
  • Complimentary insurance. Not having to pay for traveller’s insurance can save you a lot of money when booking a trip.
  • Points per dollar ratio. The number of points you earn for spending will make a big difference in how many you are able to accumulate over the course of a year.
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What is the eligibility criteria?

Like with any credit card, you will have to be able to meet the issuer’s eligibility requirements to be considered for any type of rewards card. You will also have to provide documentation when you apply to help prove that those requirements are being met:

  • Age. For most, the minimum age requirement is 18 years old.
  • Residency. Only a select few cards are available for those holding a visa to reside in Australia, with the majority you will need to be a permanent Australian resident.
  • Identifying documents. An Australian driver’s licence, passport or other identifying documents are needed in order for an application to be approved.
  • Income documents. With some cards there is a minimum income requirement. You can use payslips or tax documents to show how much you are earning monthly.

Start comparing uncapped frequent flyer credit cards (with no points capping or expiry)

The uncapped frequent flyer credit card with no points expiry allows for you to maximise your participation in these types of programs. Just ensure that you are also taking into account the other features and benefits that make a credit card beneficial.

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Frequently asked questions

How do I begin to compare credit cards that offer no points capping?

Start by comparing the cards on the table found on this page. After you have chosen a few that seem beneficial explore them in more detail by clicking on the relevant link.

If I only redeem a portion of my points will the rest stay in my account?

Yes, no expiry means that they are there until you find something useful to apply them towards.

If I have enough points can I use them towards more than one airline ticket?

Yes, you should be able to purchase as many tickets as your points balance allows.

What will complimentary traveller’s insurance cover and for how much?

This will depend on the specific credit card, but you should find that information when further comparing cards by reading the specific details.

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4 Responses to Uncapped Frequent Flyer Credit Cards with No Points Capping & No Points Expiry

  1. Default Gravatar
    Annie | May 7, 2016

    Which cards do not have a cap on frequent flyer points?

    • Staff
      Ysa | May 9, 2016

      Hi Annie,

      Thanks for your question.

      Please refer to the “Comparison of Frequent Flyers Credit Cards with Uncapped Points and No Expiry” section of this page for a list of credit cards with no capping and points expiry.

      Cheers,
      Ysa

  2. Default Gravatar
    Wizzy | July 27, 2015

    Hi,

    We’ve had a credit card for as long as I can remember, but have only really used it when required. We are now looking for the most rewarding credit card for redemption on flights and are hoping you could assist? We would spend between $5000 and $8000 a month, and would use most of the points each year or ever second year.
    We were looking at the ANZ Black Frequent Flyer, is this best suited? Any assistance would be appreciated!!

    • Staff
      Sally | July 27, 2015

      Hi Wizzy,

      Thanks for your inquiry.

      Please note that finder.com.au is an online comparison service and is not in a position to recommend specific products, providers and services. For a list of frequent flyer credit cards, you can compare from this page.

      Cheers,

      Sally

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