Updated November 2024 by money editor, Richard Whitten.
The Finder Score is an easy way you can figure out which frequent flyer credit cards are worth the trip, and which ones aren't worth getting out of bed for.
Here's how the score works:
In the frequent flyer category we only consider credit cards that:
Scores are category-specific. So one credit card could receive a score of 9 in the balance transfer category but a score of 8 in the frequent flyer category.
The Finder Score methodology is designed by our insights and editorial team. Commercial partners carry no weight, and all products are reviewed objectively.
Remember that Finder Score is just one factor to consider. Look at other aspects like fees, features, benefits and risks to make sure a product is suitable for you. Double-check details that matter to you before applying or buying.
| Feature | Definition | Assessment | Weight |
|---|---|---|---|
| Earn Rate | Points earned for every dollar spent on eligible purchases | Points awarded per dollar (up to 1.5) | 28% |
| Sign-Up Points | Bonus points earned for signing up and meeting spending requirements | Total bonus points offered (up to 200,000) | 25% |
| Purchase Rate | Interest rate on new purchases | Lower rates receive higher scores (up to 23.99% max) | 10% |
| Lounge Pass | Access to airport lounges | Complimentary annual passes receive full score | 10% |
| Foreign Exchange Fee | Fee on overseas transactions | Lower fees receive higher scores (0% fee scores highest) | 5% |
| Earn Rate Cap | Maximum points earned in a billing cycle before a lower earn rate applies | Higher caps or no cap receive higher scores (up to 10,000 points max) | 5% |
| First-Year Fee | Fee charged for the first year of card ownership | Lower fees receive higher scores ($0 fee scores highest) | 15% |
| Ongoing Annual Fee | Fee charged from the second year onwards | Lower fees receive higher scores ($0 fee scores highest) | 10% |
Pros & cons
Why we like it
Pros & cons
Why we like it
Pros & cons
Why we like it
We fly, frequently - Our card experts are actively building their points balances, applying for new cards and learning the ins and outs of the latest offers, so we know how to find and share the info that matter to you.
You save time - Why spend 100s of hours researching credit cards and tracking the latest deals? We've done the hard yards, so you can quickly sort through the options and boost your balance faster.
Jargon-free zone - we know our earn rates from our points caps, and we'll talk about eligible spends into the early hours of the morning. But we'll always explain how it all works in plain English.
Find out which credit cards have been recognised in this year's frequent flyer awards categories.
The ANZ Frequent Flyer Black Card has been named the Best Frequent Flyer Credit Card – Qantas for the third year in a row. It had big bonus Qantas Points during the analysis period – and a good earn rate, Qantas Club lounge invitations and travel insurance.
The Qantas Premier Platinum and NAB Qantas Rewards Signature Card were finalists in the Qantas credit card category, with both cards scoring highly for bonus point offers during the 12-month period of analysis.
The Virgin Australia Velocity High Flyer won the Finder Award for Best Frequent Flyer Credit Card – Velocity. It had strong scores for bonus point offers, points per $1 spent and annual fee. Other perks include airport lounge passes and a $129 Virgin Australia Flight Voucher.
The Westpac Altitude Velocity Black and American Express Velocity Platinum were finalists in the Velocity credit card category, with bonus point offers and earn rates both key features during the analysis period.
Every year the Finder Credit Card Awards recognise Australia's top credit cards, with expert analysis on rates, fees and offers based on 12 months' worth of data. The awards cover categories including balance transfers, travel and frequent flyer rewards – with separate categories for cards that earn Qantas Points and Velocity Points.
As offers change frequently, these cards might not currently have the most competitive deals but you can use them as a benchmark against current offers.
You can use a frequent flyer credit card just like any regular credit card, but it's linked to your frequent flyer account. So every time you make a purchase with the card, you earn points – usually between 0.5 and 1.25 per $1 spent.
Many cards also come with introductory bonus points, which can give you enough for a free flight. These offers are a popular way to get value from a frequent flyer card in a short amount of time. You can also get value each year with perks like lounge passes, complimentary insurance and travel credit.
There are also frequent flyer business credit cards that offer some very lucrative points deals and perks for business customers.
Finder's head of editorial Sarah Megginson has used frequent flyer points to get flight upgrades and holidays for over 10 years – including a business class trip from Brisbane to LA for her family of 5.
She also uses points to upgrade and save on business class flights in Australia, with Finder analysis showing each 1 Qantas Point used on an upgrade is typically worth between 2 and 8 cents.
Megginson gets around 500,000 Qantas Points a year by collecting them in just about every way she can – including bonus point offers on frequent flyer credit cards.
Depending on the mix of credit cards, Megginson said she would spend around $300 to $800 per year on fees.
"I see the fees as an investment into this lifestyle I'd never have otherwise," she said.
Bottom line? Anyone can take advantage of frequent flyer points – and with the right credit card you can get rewarded for money you were going to spend anyway.
Qantas Frequent FlyerEarn Qantas Points per $1 spent
Velocity Frequent FlyerEarn Velocity Points per $1 spent
$0 annual feeEarn points and pay $0 annual fee
Tip: If you want KrisFlyer Miles, Emirates Skywards Miles or points through another frequent flyer program, check out rewards credit cards with points you can transfer.
"Travelling is (increasingly) expensive but frequent flyer points can make it more affordable, if you're smart about it. I always take some time to research a card and calculate how many points I could get. Once I've got the card, I make sure I never pay any interest on it."
Frequent flyer credit cards are worth it if you pay off your balance and get enough value for the annual fee you'll pay. You don't have to use every feature, just make sure you take advantage of the perks you value.
Some key points to keep in mind:
Rates and fees aside, here are the key questions you can ask to choose a frequent flyer credit card.
Introductory bonus point offers can give you between 8,000 and 150,000 frequent flyer points on cards for personal spending (as opposed to business frequent flyer cards). You'll have to meet a spend requirement to get them, so make sure to check that before you apply.
For example, if an offer requires you to spend $4,000 in the first 60 days and you aren't sure you'll spend that much, it's worth looking at other offers. Or, planning how you'll meet the spend requirement and manage the repayments.
Bonus points offer the biggest value on a frequent flyer credit card but the points you earn per $1 spent also add up over time. A card that earns 1 frequent flyer point per $1 (or more) is competitive, but check if there is a cap on how many points you can earn at that rate.
If you get a rewards credit card that offers point transfers, 1 reward point will usually give you between 0.25 and 0.5 frequent flyer points. So a card that offers at least 2 rewards points per $1 is competitive.
A lot of frequent flyer credit cards offer travel extras, including complimentary travel insurance, airport lounge passes, travel credit and concierge services.
To get value from them, you actually have to use them. If you won't, you might want to look at a frequent flyer credit card with a lower annual fee and fewer perks instead.
The dollar value of your frequent flyer points depends on what rewards you redeem.
In general, flight upgrades and flight rewards give you the best value and offer an average of around 2 cents for every 1 point redeemed. In comparison, gift card rewards typically offer 0.5 cents per point.
A Finder survey found 15 million Australians are missing out on value by redeeming reward points for cashback on shopping – but flight rewards usually give you more bang for your buck.
These examples give you an idea of the value of your points for a few domestic flights. Keep in mind that the total points needed and value can change based on factors including the fare class, flight sales and carrier charges (which are usually billed separately).
| Sydney to Melbourne return (Qantas, Economy) | |||
| Sydney to Melbourne return (Qantas, Business) | |||
| Sydney to Melbourne return (Virgin, Economy) | |||
| Sydney to Melbourne return (Virgin, Business) |
You can check out Finder's guide to how much 1 Qantas Point is worth for more examples. You can also use Finder's points calculator if you want to know how much your points (from all major Australian programs) are worth.
There are dedicated point-chasers that will switch cards every year or two to make the most of bonus point promotions.
This strategy is sometimes known as credit card churning and can suit people who primarily use credit cards to earn points and pay it off as they go. Otherwise, the cost of annual fees, interest and potential credit score impact won't be worth it.
Credit card brands frown on churning, and many bonus point offers exclude people who have recently had a card with the same bank or brand. For example, if you had an American Express card, you'd usually need to wait 18 months after cancelling it before you would be eligible for a bonus points offer on another Amex card.
Here, we've outlined the amount of time you'll need to wait to be eligible for a bonus points offer with different providers.
| Provider | |
|---|---|
| American Express | |
| ANZ | |
| CommBank | |
| NAB | |
| Westpac | |
| Qantas Money | |
| Bankwest | |
| HSBC | |
| St.George | |
| Bank of Melbourne | |
| BankSA |
Note: Citi and Virgin Money don't list a specific timeframe for previous or existing customers.
Some banks apply this exclusion period to each type of rewards card. For example, NAB applies an 18-month exclusion period to NAB Qantas Rewards cards, separate to NAB Rewards cards. And ANZ has a 12-month exclusion period for ANZ Frequent Flyer cards, separate to ANZ Rewards cards.
In these cases, you'd still be eligible for a frequent flyer credit card offer with NAB or ANZ, even if you had a NAB Rewards or ANZ Rewards card.
Compare Qantas Wine bonus point deals and the retail price of the wine at the same time, to find the best value in the market.
Earn KrisFlyer miles on your everyday spending and get introductory bonus points with a credit card linked to the Singapore Airlines frequent flyer program.
Find out if there are any credit card offers that let you earn Qantas Frequent Flyer Status for your eligible spending and learn more about how to reach Silver, Gold or Platinum Qantas status.
How to pay less for your card while still earning points.
From flights and hotel stays to travel packages, gift cards and merchandise, here’s how to make the most of 100,000 Velocity Points based on your lifestyle and goals.
Discover how many Qantas or Velocity points you need to book or upgrade to a business class flight ticket.
Reward your spending with an air miles credit card and redeem points for your next flight.
I am currently using Qantas for my FFPoints and I found that when you go to convert them the flights required are unavailable.
Example – I wish to get Business Class return tickets to Europe and thought by booking a year ahead with flexible times throughout September would be straightforward This is not the case, no flights available which seems to be a wrought having worked and paid to build up the required 600000 points.
Is this a general problem with FFP or are some schemes better than others.
I wish to try another scheme next year if there is a better option out there.
Hi Phil,
Thanks for your question.
For Qantas Frequent Flyer, and all rewards programs, booking Awards flights is subject to availability. There’s no easy way to compare this availability so it’s hard to say whether one scheme is better than others in that respect. You might want to get in touch with Qantas to see if there’s another way to search or book flights, or if there’s a way they can help you in this case.
You might want to do a search of flights in the same time period for other programs and see what their availability is like to see how Qantas compares and if another program might be a better option for you.
I hope this has helped.
Thanks,
Elizabeth
I fly every year with Emirates what’s the best card to use to get points? Also I heard that I can use Qantas frequent flyers to use on Emirates yes or not true?
Hi Georgia,
Thanks for your question.
I can’t recommend a specific card to you, but you can see what Emirates credit cards are available on this page. You’re able to use Qantas Frequent Flyer Points to book flights with Emirates, and you’ll have more choice when it comes to credit cards that earn Qantas Points. You can compare these cards on this page.
I hope this has helped.
Thanks,
Elizabeth
Apart from American Express what Visa/MasterCard programs incur Singapore Airlines frequent flyer points?
Hi Michelle,
Thanks for your question.
There aren’t any direct-earn currently available, but there are a few rewards cards that let you transfer points to the KrisFlyer program. As you’ve mentioned the American Express Membership Rewards cards allow you to do this, as do Citibank Rewards cards, as do cards linked to the ANZ Rewards program.
I hope this has helped.
Thanks,
Elizabeth
I have just purchased a telecommunications business whereby I will be buying a lot of stock and wish to pay the ATO with my credit card/AMEX. I was considering the Westpac Earth Black but have since learnt they have changed the conditions. Which card is best for me?
Hi Karen,
Thanks for your question.
Some American Express cards allow you to earn rewards points for ATO payments, so a comparison of these cards may be a good place to start. I’m unable to suggest a specific card for you, but just to let you know the Westpac Earth Black is no longer available for new card applications. You might want to read through the article for more information about earning rewards points on tax payments.
I hope this has helped.
Thanks,
Elizabeth
With the ANZ CC and the 50k bonus points is there a minimum this card and account has to be opened for?
Hi Scott,
Thanks for your question.
There’s a couple of ANZ cards that offer 50,000 points bonuses so I’m not sure which one you’re referring to. But, for all of them, there is no minimum the account has to be opened for. Just remember you will still have to pay whatever annual fee is applicable as well as meet any minimum spend requirements set out in order to receive the bonus.
I hope this has helped.
Thanks,
Elizabeth