Qantas & Velocity: July’s best frequent flyer credit cards revealed

Key takeaways
- The best frequent flyer credit card offers right now give you between 50,000 and 150,000 Qantas or Velocity Points on sign up.
- We've ranked the top five offers based on their Finder Scores, which take into account earn rates, bonus points, annual fees and other important details.
- What's next: Be sure to compare the card's annual fee and balance this against the card's benefits. If you don't take advantage of the points it's an expensive card.
1. NAB Rewards Signature Card – Velocity Points
The NAB Rewards Signature Card – Velocity Points has a Finder Score of 9.9 in the frequent flyer credit card category, the highest of any card we compared. It comes with a 60,000 bonus Velocity Points offer for new cardholders who spend $5,000 in the first 90 days, plus a further 20,000 points if you hold the card for 12 months.
The annual fee is $420, which is fairly typical for cards in this range.
2. ANZ Frequent Flyer Black
The ANZ Frequent Flyer Black has a Finder Score of 9.3. New cardholders can earn 130,000 bonus Qantas Points, one of the largest sign-up offers on the market, plus 1 Qantas Point per $1 spent (up to $7,500 per statement period). To get these points you need to spend $5,000 in the first three months (90,000 points) and hold the card for 12 months (40,000 points).
It has a $370 annual fee, plus a $55 annual rewards program service fee.
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3. Qantas Money Titanium
The Qantas Money Titanium has a Finder Score of 9.3 in the frequent flyer credit card category. It earns 1.25 Qantas Points per $1 spent, among the stronger earn rates for a Qantas-linked card.
This card has the market's biggest Qantas Points offer: 150,000 points when you spend $5,000 in the first 90 days. The annual fee is $1,200, reflecting its premium card benefits.
4. Qantas Money Platinum
The Qantas Money Platinum has a Finder Score of 9.1 in the frequent flyer credit card category. It comes with 80,000 bonus Qantas Points when you spend $5,000 in the first 90 days, and a further 40,000 points if you haven't earned any Qantas Points via a credit card in the last 24 months.
With this card you can earn 1 Qantas Point per $1 spent. The annual fee is $399.
5. American Express Velocity Platinum Card
The American Express Velocity Platinum Card has a Finder Score of 8.6 in the frequent flyer credit card category. It earns 1.25 Velocity Points per $1 spent and comes with a bonus 50,000 Velocity Points if you are a new AMEX member and spend $5,000 in the first 3 months. The annual fee is $440.
Details of these are correct at time of publication and subject to change.
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