Best Rewards Credit Cards Australia

Compare over 100 rewards cards offering up to 300,000 bonus points and see our best rewards card picks for September 2025.

10 of 121 results
Finder Score Bonus points Points per $ spent Purchase rate p.a. Annual fee
Finder score
Bonus points
200,000
Points per $ spent
2.25
Purchase rate p.a.
0%
Annual fee
$1,450
Limited-time offer: Earn 200,000 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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Finder score
Bonus points
130,000
Points per $ spent
1
Purchase rate p.a.
20.99%
Annual fee
$425
Get up to 130,000 bonus Qantas Points: 90,000 bonus Qantas Points + $200 back when you spend $5,000 on eligible purchases in the first 3 months from approval, and additional 40,000 points when you keep your card for over 12 months.
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American Express Explorer Credit Card image
Finder score
American Express Explorer Credit Card
Most LovedAmerican Express Membership Rewards
Finder score
Bonus points
100,000
Points per $ spent
2
Purchase rate p.a.
23.99%
Annual fee
$395
Get 100,000 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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NAB Rewards Platinum Card – Velocity Points image
Finder score
Finder score
Bonus points
80,000
Points per $ spent
1
Purchase rate p.a.
20.99%
Annual fee
$95 first year ($195 after)
Get up to 80,000 bonus Velocity Points: 60,000 points when you spend $1,000 in the first 60 days and 20,000 after 12 months. Ends 30 September 2025.
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Qantas American Express Ultimate Card image
Finder score
Qantas American Express Ultimate Card
Finder AwardMost LovedQantas Frequent Flyer
Finder score
Bonus points
90,000
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 Velocity Platinum Card image
Finder score
American Express Velocity Platinum Card
Most LovedVelocity Frequent Flyer
Finder score
Bonus points
100,000
Points per $ spent
1.25
Purchase rate p.a.
23.99%
Annual fee
$440
Limited-time offer: Earn 100,000 bonus Velocity Points when you spend $5,000 on eligible purchases in the first 3 months, plus up to 100 bonus Status Credits. New American Express card members only. T&Cs apply.
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American Express Qantas Business Rewards Card image
Finder score
American Express Qantas Business Rewards Card
Finder AwardMost LovedQantas Business Rewards
Finder score
Bonus points
150,000
Points per $ spent
1.25
Purchase rate p.a.
0%
Annual fee
$450
Earn 150,000 bonus Qantas Points and $250 in your Qantas Business Rewards Travel Fund when you spend $6,000 on eligible purchases in the first 3 months. New American Express card members only. T&Cs apply. ABN holders w/ $75k revenue.
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American Express Platinum Business Card image
Finder score
American Express Platinum Business Card
Most LovedAmerican Express Membership Rewards
Finder score
Bonus points
300,000
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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Westpac Altitude Velocity Black image
Finder score
Westpac Altitude Velocity Black
Finder AwardVelocity Frequent Flyer
Finder score
Bonus points
120,000
Points per $ spent
0.5
Purchase rate p.a.
20.99%
Annual fee
$370
Up to 120,000 bonus Velocity Points (90,000 points in year 1 when you spend $6,000 in the first 120 days & 30,000 after the first eligible spend in year 2).
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Westpac Altitude Qantas Black image
Finder score
Westpac Altitude Qantas Black
Qantas Frequent Flyer
Finder score
Bonus points
120,000
Points per $ spent
0.5
Purchase rate p.a.
20.99%
Annual fee
$370
Up to 120,000 bonus Qantas Points (90,000 points in year 1 when you spend $6,000 in the first 120 days & 30,000 points after the first spend in year 2).
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Showing 8 of 20 results

Our round-up of the best rewards credit card offers

Here are some of the best rewards cards this month, based on their Finder Scores:

Updated September 2025 by senior money editor Richard Whitten.

Best AMEX rewards credit card - American Express Platinum Card

American Express Platinum Card

  • 200,000 Bonus Points
  • $1,450 Annual fee
  • N/A Purchase rate
Ends on 02 December 2025

Why we like it

The American Express Platinum Card comes with a stack of Bonus Membership Rewards Points, travel credit, airport lounge access and more. But with a high annual fee you'll need to make sure you're getting your money's worth out of the card.
This card has a Finder Score of 9.9 in the rewards category.

Pros & cons

  • 200,000 Bonus Membership Rewards Points
  • $450 Platinum Travel Credit each year
  • Up to $400 back per calendar year at participating restaurants with American Express Global Dining Credit
  • High $1,450 annual fee
  • 3% foreign currency conversion fee
  • American Express is not as widely accepted as Visa or Mastercard

Best Big 4 Bank rewards card - ANZ Rewards Black Credit Card

ANZ Rewards Black Credit Card

  • Up to 180,000 extra ANZ Reward Points & $100 back
  • $375 Annual fee
  • 20.99% Purchase rate

Why we like it

If you're looking to earn a stack of rewards points and get other travel perks, the ANZ Rewards Black Credit Card is hard to beat. It offers up to 180,000 extra ANZ Reward Points if you meet the spend requirements. These points are worth $800+ in digital gift cards but you could also redeem them for enough Velocity Points to get a one-way business class flight from Sydney to Honolulu.
It has a decent earn rate too, plus complimentary travel insurance. The $375 annual fee is on the higher side, but worth it if you take full advantage of all the card offers, which includes a personal concierge that can help you with travel planning, restaurant or hotel bookings.

Pros & cons

  • Up to 180,000 extra ANZ Reward Points
  • $100 back on your new card
  • Up to 2 ANZ Reward Points per $1 spent
  • Complimentary extras including travel insurance and a personal concierge
  • Finder Score of 9.9 in the rewards category
  • Charges a relatively high annual fee of $375 p.a.
  • 3.5% foreign transaction fee
  • Additional cardholder fee of $65 per card

Best overall rewards credit card - NAB Rewards Platinum Card

NAB Rewards Platinum Card

  • Up to 100,000 Bonus Points
  • $195 Annual fee
  • 20.99% Purchase rate

Why we like it

The NAB Rewards Platinum has a generous bonus points offer. You can also transfer your NAB Rewards Points to Velocity Points, KrisFlyer Miles or Asia Miles if you want frequent flyer points. It also offers complimentary travel insurance and a 24/7 concierge service.
This card has a Finder Score of 8.94 in the rewards category.

Pros & cons

  • Up to 100,000 bonus NAB Rewards Points
  • Earn additional 0.5 NAB Rewards Points per $1 spent at eligible grocery stores
  • Visa Premium Access and a 24/7 access to the NAB Platinum Concierge Services
  • 0% p.a. interest rate on balance transfers for 12 months
  • You need to keep the card for at least 12 months to collect all the bonus points, which means you’ll have to pay the second year annual fee
  • 3.5% international transaction fee
  • Balance transfer offer has a 3% balance transfer fee

What is a rewards credit card?

Rewards credit cards let you earn points for every dollar you spend. Some cards also offer thousands of bonus points if you spend a certain amount after opening the card.

You can get rewards points with a reward program like CommBank Awards, ANZ Rewards or AMEX Membership Rewards.

How can I use these points?

You can redeem rewards points in different ways:

  • Cashbacks and gift cards
  • Hotels, flights and accommodation
  • Retail goods like cosmetics, electronics and homewares
  • Frequent flyer points (usually at a rate of 2:1 or 3:1).

Some cards offer cashback instead of points. Some cards offer both.

You can redeem the points via your bank or reward program's store (for example, the NAB Rewards Store).

Do you need a rewards credit card?

Rewards credit cards are suited to bigger spenders, frequent flyers and people who shop a lot. You get rewarded because you're spending money. These cards are not budget or entry level credit cards because the rates and annual fees are higher.

Pros

  • Points for spending. The most obvious perk of these cards is that you earn rewards of your choice, for money you were going to spend anyway. Why not get a reward for spending?
  • Bonus points offers. New cards usually offer a bunch of bonus points when you spend a certain amount in the first few months. These points offers should have a dollar value that's greater than the cost of the card's annual fee.
  • Perks. Rewards credit cards often come with extra perks like complementary travel insurance, purchase insurance, concierge services and lifestyle and entertainment offers.

Cons

  • Higher rates. To pay for the points and perks, these cards typically charge higher ongoing interest rates than other cards. But if you pay off your balance in full each month the interest rate doesn't matter.
  • Annual fee. Rewards cards come with an annual fee that can cost several hundred dollars.
  • Temptation to overspend. The promise of rewards points can lead you to spend more than you usually would.
  • Rewards limitations. Some rewards cards cap how many points you can earn.

Types of credit card rewards in Australia

Credit card rewards can be separated into 3 main categories: rewards points, frequent flyer, and cashback cards.

Rewards points programs

Many rewards credit cards in Australia earn points that you can redeem for different types of rewards, including gift cards, retail items, credit on your account, travel or point transfers to other loyalty programs. These flexible rewards programs include:

Australians are leaving points on the table
A Finder survey of 1,017 Australian consumers found that Australian shoppers really love Woolworths Everyday Rewards and Coles Flybuys Points. 66% of us collect Everyday Rewards and 63% are in the Flybuys program. This is followed by Qantas Points (35%) and Velocity Points (29%). The actual credit card rewards programs offered by AMEX and major banks are much less popular. 12% collect CommBank Awards points followed by ANZ (8%), Westpac Rewards (6%) and Amex Membership Rewards (5%).
Source: Finder Consumer Sentiment Tracker

Frequent flyer rewards

If you're a member of a frequent flyer program, you can use a credit card to earn more Qantas or Velocity Points or miles in 2 ways:

1. Frequent flyer points per $1 spent

Credit cards that directly partner with a frequent flyer program let you earn frequent flyer points on your spending.

2. Reward point transfers to frequent flyer programs

Some rewards credit cards let you transfer points to different frequent flyer programs. This gives you more flexibility because you're not locked into one program.

It's also a way to earn points with programs that don't have co-branded cards in Australia, including Singapore Airlines KrisFlyer, Cathay Pacific Asia Miles and Emirates Skywards.

But rewards points usually convert to frequent flyer points at a rate of 2:1 or even 3:1. So 100,000 rewards points might only get you 50,000 Qantas Points.

Cashback credit cards

These credit cards give you a way to get cash rewards for your spending, either in the form of credit back on your account or vouchers you can spend.

Some cashback credit cards give you a set percentage of your regular spending as cashback on your account (capped to a max amount), while other cards have introductory offers that provide a one-time account credit or voucher when you meet the spend requirements.

Richard Whitten's headshot
Our expert says: Choose rewards that work for you

"Before you even compare credit cards, why not look at the rewards programs out there. Work out what you actually want. If you specifically want Qantas Points you might be better off with a card that earns Qantas Points directly. But if you're interested in gift cards and retail items, look at the rewards stores for different reward programs and see what's on offer. "

Senior Money Editor

How to compare rewards credit cards

Here's what you need to look at when comparing rewards credit cards:

  1. How can I earn points? How many points will you earn per dollar spent? A bonus points offer can give you a huge amount of value when you get a new card. Some cards have caps on how many points you can earn.
  2. What's the value of the rewards? What is 1,000 points actually worth? Every rewards program is different. If you need 12,000 points to get a $50 gift card and your credit card has an earn rate of 1 point per $1 spent. You would need to spend $12,000 before you could redeem the $50 gift card.
  3. Are there any complimentary extras? Many cards offer sweet perks, like complimentary international travel insurance, airport lounge access, complimentary flights and travel credits, extended warranty cover and concierge services.
  4. What will the card cost me? The annual fee is the biggest reward card cost. Some rewards credit cards offer no annual fee for the first year or ongoing. The value of the rewards you redeem should be higher than the cost of the annual fee to make it worthwhile. Don't forget the card's interest rate either. You can avoid interest charges by paying your balance in full each statement period.

What are eligible purchases on a rewards card?
Most everyday spending is eligible to earn points, including groceries, petrol, retail items and travel. Transactions that don't usually earn points include cash advances, BPAY payments and spending with government bodies.

Points-to-dollars calculator

Points-to-dollars calculator 💵

Program

Points

Enter digits only; commas are ok.

Estimated value

How much do you need to spend to get rewards?

To give you an idea of the potential value of rewards, we've compared the amount of points you need to redeem a $100 gift card through major rewards programs that are linked to credit cards.

Rewards programPoints needed for $100 gift cardPopular card and ongoing annual feeSpend required for $100 gift card
20,000
2 points per $1: $10,000
20,000
2 points per $1: $10,000
From 22,225
1.5 points per $1: $14,817
From 20,615
CommBank Awards Card: $96 (charged as a monthly fee of $8)
1 point per $1: $20,615
20,900
1 point per $1: $20,900
24,000
1.5 points per $1: $16,000
37,040
1.5 points per $1: $24,694

Fees, points and redemption values correct as of March 2025.

Based on this table, the minimum spend required for a $100 gift card (or equivalent) is $10,000 with American Express Membership Rewards or Flybuys if your credit card offers 2 points per $1 spent.

How the Rewards Card Finder Score works

  • 9+ Excellent - These cards offer the best ongoing earn rates and sign up offers, coupled with attractive annual fees and perks.
  • 7+ Great - Reasonable rewards cards but may offer slightly lower ongoing or signup offers.
  • 5+ Satisfactory - These cards may offer lower ongoing and sign up points, and fewer perks, but probably have lower annual fees.
  • Less than 5 – Basic - Entry level rewards cards, that offer consumers basic sign up offers and ongoing earn rates.

Frequently asked questions

Aaron Christie-David's headshot
To make sure you get accurate and helpful information, this guide has been 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 657 Finder guides across topics including:
  • Home loans
  • Credit cards
  • Personal finance
  • Money-saving tips
Amy Bradney-George's headshot
Co-written by

Journalist

Amy is an experienced journalist with over 16 years of experience, contributing to major publications like Money Magazine, The Sydney Morning Herald, and ABC News Australia. Specialising in personal finance, she frequently appeared in media outlets and on radio. Amy holds a Bachelor of Arts in Journalism and Drama from Griffith University and earned RG146 certifications in Tier 1 Generic Knowledge and Tier 2 General Advice Deposit Products, ensuring her expertise is grounded in current financial regulations. Amy was Finder's Senior Writer for Credit Cards from 2016 to 2024. See full bio

Amy's expertise
Amy has written 520 Finder guides across topics including:
  • Credit cards
  • Frequent flyer
  • Credit score
  • BNPL
  • Money management
  • Sustainability

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108 Responses

    Default Gravatar
    SandyAugust 29, 2024

    I would like a card with points accumulated when i use to shop at groceries and points to put towards my trips when i fly?

      Angus Kidman's headshotFinder
      AngusSeptember 16, 2024Finder

      Hi Sandy, If your goal is to earn points with grocery shopping, then a good approach is to get a credit card that earns airline points and is also partnered with a major supermarket – that way, you can earn points from paying with the card, and also convert your supermarket loyalty points into additional airline points. Qantas is partnered with Woolworths/Everyday Rewards, while Virgin/Velocity is partnered with Coles/Flybuys, so exploring cards that earn with either of those airlines could help you earn more points. Have fun exploring!

    Default Gravatar
    RonJanuary 7, 2018

    Can I use diners club rewards with Emirates?

      Default GravatarFinder
      RenchJanuary 7, 2018Finder

      Hi Ron,

      Thanks for your inquiry.

      Yes, the Diners Club Rewards program also allows you to transfer your reward points to 17 airline and travel loyalty programs, including Virgin Australia’s Velocity frequent flyer program, Emirates Skywards, Etihad Guest, and Hilton Honors.

      You can learn more about Diners Club Rewards program.

      Best regards,
      Rench

    Default Gravatar
    KymJuly 27, 2017

    I spend and pay off in full about 25K per month of normal spending on my Citi Signature card which since the 1st July 2017 have at best halved their reward points which I use for Qantas flights.
    What is the best card now for me to get the most points for my spend per month, ie who is dollar for dollar and uncapped

      Harold Jacob's headshotFinder
      HaroldJuly 28, 2017Finder

      Hi Kym,

      Thank you for your inquiry.

      While we cannot recommend what is best for you, we can offer you general information. You can check the list of frequent flyer credit cards featured on our website to learn more.

      I hope this information has helped.

      Cheers,
      Harold

    Default Gravatar
    MazJune 28, 2017

    Since the rules for the credit card reward points that you earn are changing as of the 1st July 2017, what would be the best rewards card that you can earn points for make payments to the ATO? Currently have a Westpac Altitude Rewards card and this is changing from 1st of July 2017 where you no longer receive points for ATO payments.

      Default GravatarFinder
      JhezelynJune 28, 2017Finder

      Hi Maz,

      Thanks for your comment.

      Please read more about the credit cards that let you earn points when making payments to the ATO. Compare the credit cards that earn points for tax payments and after you’re done comparing, select the “Go to Site” button to be redirected to the bank’s website to apply.

      I hope this helps.

      Regards,
      Jhezelyn

    Default Gravatar
    AlanMarch 21, 2017

    I was hoping you could crunch the numbers and let me know the best value reward credit card available.

    I currently have a Jetstar Platinum MasterCard
    Spending approx $60k pa
    I receive 2 points per dollar (2%) return
    1 point = $1 when redeemed so about $1200 only catch is have to use as Jetstar flights.
    Annual fee is $49 + additional card $39 so $88 annual fee

    Can you suggest a card to offer me better value or the same that has more flexible rewards.

    Many thanks
    Alan

      Harold Jacob's headshotFinder
      HaroldMay 5, 2017Finder

      Hi Alan,

      Thank you for your inquiry.

      It is good that you’re trying to do the math and see which one would be a better option. Regrettably, we can’t provide specific recommendations for you. Thankfully, you can always compare your options on this post. We have listed some of the best rewards credit cards available in the market today.

      Alternatively, you can also check our list of frequent flyer credit cards if in case you want to explore other programs.

      I hope this information has helped.

      Cheers,
      Harold

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