Best rewards credit cards

Compare 100+ rewards cards and get up to 250,000 bonus points. Updated and scored daily.

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1 - 8 of 101
Name Finder Score Bonus points Points per $ spent Purchase rate p.a. Annual fee
ANZ Rewards Black Credit Card
ANZ Rewards Black Credit Card image
Finder Award
ANZ Rewards Program
Finder score
Bonus points
180,000
Points per $ spent
2
Purchase rate p.a.
20.99%
Annual fee
$375
Go to siteMore Info
Get 180,000 bonus ANZ Reward Points (worth $800+ in digital gift cards) and $150 back when you spend $3,000 in the first 3 months.
Qantas Premier Platinum
Qantas Premier Platinum image
Qantas Frequent Flyer
Finder score
Bonus points
80,000
Points per $ spent
1
Purchase rate p.a.
20.99%
Annual fee
$349 first year ($399 after)
Go to siteMore Info
Earn up to 80,000 bonus Qantas Points. Plus, save with a reduced first-year annual fee and 0% p.a. for 12 months on balance transfers, with a 2% BT fee.
Westpac Altitude Qantas Black
Westpac Altitude Qantas Black image
Qantas Frequent Flyer
Finder score
Bonus points
120,000
Points per $ spent
0.75
Purchase rate p.a.
20.99%
Annual fee
$370
Go to siteMore Info
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).
ANZ Rewards Platinum
ANZ Rewards Platinum image
ANZ Rewards Program
Finder score
Bonus points
100,000
Points per $ spent
1.5
Purchase rate p.a.
20.99%
Annual fee
$149
Go to siteMore Info
Get 100,000 bonus ANZ Reward Points (worth $440 in eGift cards) and $50 back when you spend $2,000 on eligible purchases in the first 3 months.
Qantas American Express Ultimate Card
Qantas American Express Ultimate Card image
Qantas Frequent Flyer
Finder score
Bonus points
50,000
Points per $ spent
1.25
Purchase rate p.a.
23.99%
Annual fee
$450
Go to siteMore Info
Get a yearly $450 Travel Credit and 50,000 bonus Qantas Points when you spend $3,000 on eligible purchases in the first 3 months.
Coles No Annual Fee Mastercard
Coles No Annual Fee Mastercard image
Flybuys
Finder score
Bonus points
10,000
Points per $ spent
0.5
Purchase rate p.a.
20.74%
Annual fee
$0
Go to siteMore Info
Get 10,000 bonus Flybuys points (worth $50 Flybuys dollars) when you spend $3,000 on eligible purchases in the first 3 months.
NAB Rewards Platinum Card – Velocity Points
NAB Rewards Platinum Card – Velocity Points image
Velocity Frequent Flyer
Finder score
Bonus points
80,000
Points per $ spent
1
Purchase rate p.a.
20.99%
Annual fee
$95 first year ($195 after)
Go to siteMore Info
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.
Qantas Premier Everyday
Qantas Premier Everyday image
Qantas Frequent Flyer
Finder score
Bonus points
8,000
Points per $ spent
0.75
Purchase rate p.a.
20.99%
Annual fee
$99
Go to siteMore Info
Get 2 bonus Qantas Points per $1 spent on eligible purchases in the first 4 months (up to 8,000 points), plus complimentary insurance.
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Finder makes money from featured partners, but editorial opinions are our own.

Our round-up of rewards credit card offers

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

Updated November 2024 by money editor Richard Whitten.

Rewards score tiers - what you need to know

  • 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.

The lowdown on how we score

We analyse 100+ rewards credit cards and look at 6 key features to create our Finder Scores.

Points from rewards programs are converted to a dollar value, by determining the number of points required to purchase a grocery store gift card, or a direct dollar value conversion, within the rewards program store.

A card will get a different Finder Score in each category, depending on which features are being assessed.

To qualify for the rewards score, credit cards must:

  • Offer signup or ongoing rewards points affiliated to a rewards program.
  • Be available to general consumers.

Our aim is to help your with financial decision-making, but please consider your own financial circumstances. While we may make money from commercial partnerships, they have no weight in our methodology. The database is scored objectively and reviewed by our editorial team. 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.

Rewards score weightings

FeatureDefinitionAssessmentWeight
Earn RatePoints earned for every dollar spent on eligible purchasesPoints awarded per dollar. Points are converted to a dollar value30%
Sign-Up PointsBonus points earned for signing up and meeting spending requirementsTotal bonus points offered. Points are converted to a dollar value30%
Purchase RateInterest rate on new purchasesLower rates receive higher scores (up to 23.99% max)10%
Earn Rate capMaximum points earned in a billing cycle before a lower earn rate appliesHigher caps or no caps receive higher scores10%
First-Year FeeFee charged for the first year of card ownershipLower fees receive higher scores ($0 fee scores highest)10%
Ongoing Annual FeeFee charged from the second year onwardsLower fees receive higher scores ($0 fee scores highest)10%

Best AMEX rewards credit card - American Express Platinum Card

American Express Platinum Card

  • 150,000 Bonus Points and Yearly $450 Travel Credit
  • $1,450 Annual fee
  • N/A Purchase rate
Ends on 28 January 2025

Pros & cons

  • 150,000 Membership Rewards Bonus Points
  • $450 Platinum Travel Credit each year
  • Airport lounge access at over 1,400 locations with the American Express Global Lounge Collection
  • 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

Why we like it

The American Express Platinum Card comes with a stack of 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 9.13 in the rewards category.

Best Big 4 Bank rewards card - ANZ Rewards Black

ANZ Rewards Black Credit Card

  • 180,000 Bonus Points & $150 back
  • $375 Annual fee
  • 20.99% Purchase rate

Pros & cons

  • 180,000 bonus ANZ Reward Points
  • $150 back on your new card
  • Up to 2 ANZ Reward Points per $1 spent
  • Complimentary extras including travel insurance and a personal concierge
  • Charges a relatively high annual fee of $375 p.a.
  • 3% foreign transaction fee
  • Additional cardholder fee of $65 per card

Why we like it

The ANZ Rewards Black Credit Card offers a generous amount of ANZ Reward Points if you meet the spend requirements. And you can redeem them for Velocity Points. It has a decent earn rate too, plus some travel perks. The $375 annual fee is on the higher side, but worth it if you get full value out of the card.
This card has a Finder Score of 9.9 in the rewards category.

Best rewards credit card - St.George Amplify Signature

St.George Amplify Signature

  • 150,000 Bonus Points & First-Year Annual Fee Discount
  • $199 Annual fee
  • 20.99% Purchase rate
Ends on 30 April 2025

Pros & cons

  • 150,000 bonus Amplify Points
  • Discounted $199 first-year annual fee
  • Shopping cashbacks through ShopBack
  • 2 complimentary airport lounge passes per year
  • Complimentary overseas travel insurance for up to 6 months
  • $295 annual fee after the first year
  • 3% foreign transaction fee

Why we like it

The St.George Amplify Signature has a generous bonus points offer and a low first-year annual fee. You can convert Amplify Points to Velocity Points, which gives you more options if you want frequent flyer points. It also offers complimentary travel insurance and some nice shopping cashbacks.
This card has a Finder Score of 9.51 in the rewards category.

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.

Points? What are points?

  • You can get rewards points with a reward program like CommBank Awards, ANZ Rewards or AMEX Membership Rewards.
  • Points with a frequent flyer program like Qantas Points or Velocity Points.

The points are credited to your account or a linked loyalty program, where you can redeem them for rewards that range from flights and hotel bookings to gift cards, cashback and retail items.

Many rewards points programs let you transfer your points to a frequent flyer program, usually at a rate of 2:1 or 3:1.

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

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.

Reward credit cards are popular in Australia, with Finder research showing 29% of Australians got their last credit card for reward points.

Video: Best rewards cards roundup 2024

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:

Frequent flyer rewards

If you're a member of a frequent flyer program, you can use a credit card to earn more 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. Points are automatically added to your frequent flyer account once a month (or at regular intervals).

In Australia, the main options are Qantas Frequent Flyer and Velocity Frequent Flyer credit cards.

2. Reward point transfers to frequent flyer programs

A lot of rewards credit card let you transfer points to different frequent flyer programs. This gives you more flexibility because you're not locked into earning points for one airline loyalty 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.

💡 Tip: You can also get a rewards credit card that lets you redeem points for flights, accommodation and other travel experiences without needing to transfer them to a frequent flyer program.

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, while other cards have introductory offers that provide a one-time account credit or voucher when you meet the spend requirements.

There are limits to how much you can earn via cashbacks each month.

How to compare rewards credit cards

You may need to do a little bit of digging to figure out if a reward card is really valuable (or you can do it the easy way by sorting cards by Finder Score in the table above).

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? Will you earn bonus points?
  2. What's the value of the rewards? What is 1,000 points actually worth? Every rewards program is different.
  3. What will the card cost me? The annual fee is the biggest reward card cost. But it can be worth paying if the card really rewards you.
  4. Are there any complimentary extras? Many cards offer travel insurance, extended warranties and other sweet perks.

Let's dig into each of these points in more detail.

1. How can I earn points?

  • Bonus point offers. These can give you a huge amount of value when you get a new card. Usually, you need to meet a spend requirement in a set period of time to score bonus points.
  • Points per dollar. The earn rate is how many points you earn for your spending. A card that earns at least 1 point per $1 on eligible transactions would be considered good value.
  • Point expiry and caps. Some credit card reward points expire after a certain amount of time and some have a limit on how many points you can earn in a month or year.

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.

2. What's the value of the rewards?

  • Point values. To work out the value of your rewards, consider how many points you would need to redeem a chosen reward. 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. Calculating reward point values like this can help you decide if it's worth your time and money.
  • Rewards partners. Rewards programs sometimes partner with retailers and businesses to give you more ways to redeem points. You may also have the opportunity to earn bonus points with partner stores. If there are partners you already shop with, this could help you earn and redeem points faster.
  • Redemption limitations. Some rewards programs have blackout periods when you may not be able to make redemptions, or limits on items in the rewards store. Check the fine print for this information.

Points-to-dollars calculator 💵

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
American Express Membership Rewards20,000Amex Explorer: $3952 points per $1: $10,000
Flybuys Rewards20,000Coles Rewards Mastercard: $992 points per $1: $10,000
ANZ Rewards Program22,225Rewards Platinum: $1491.5 points per $1: $14,817
Suncorp Bank RewardsFrom 20,900Suncorp Clear Options Platinum: $1291.25 points per $1: $16,720
CommBank Awards20,650CommBank Awards Card: $961 point per $1: $20,650
Citi Rewards ProgramFrom 20,900Citi Rewards Card: $1991 point per $1: $20,900
HSBC Rewards Plus24,000Platinum: $1491.5 points per $1: $16,000
Bendigo Bank Rewards37,040Bendigo Bank Platinum Rewards: $891.5 points per $1: $24,694

Fees, points and redemption values correct as of July 2024.

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.

3. What will the card cost me?

  • Annual fees. Rewards credit card annual fees range from around $50 to $1,750 in Australia. 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.
  • Purchase interest rates. Rewards credit cards typically have high interest rates for purchases, which can be up to around 24%. If you pay the card off as you go, or in full by the statement due date, you'll usually get interest-free days for purchases. Otherwise, the cost of interest could outweigh the value you get from earning points.

The annual fee and interest rate for purchases are 2 key costs to factor in when you're comparing rewards credit cards. But there are other costs that could also affect the value you get from a card in more specific situations.

4. Are there any complimentary extras?

Rewards credit cards often come with a variety of additional features that can add value if you use them. Popular perks include:

Jessica Prasida's headshot

"I change my rewards credit card every year to get the best value from bonus points offers. I redeem my bonus points for gift cards or flight rewards and it usually brings in about $500 worth of value. You just have to be vigilant with paying off your card, closing the account before incurring the next year's annual fee, and not churning too frequently because it could affect your credit score."

Publisher

Frequently asked questions

Finder Reward Credit Card Award winner and finalists 2024

Find out which brands ranked highly at the Finder Awards for rewards credit cards.

Each year the Finder Credit Card Awards recognises the top credit cards in Australia. Using 12 months' worth of data, our experts have analysed the rates, fees and offer details from over 270 cards.

Why you can trust Finder's credit card experts

helpPoints mad - who doesn't love points? We do. Whether it's Qantas and Velocity, or one of 50+ other rewards programmes in Australia - we live track over 100 offers daily so you get more prizes.
freeRanked objectively - Whether you're a points ninja with dreams of running your own YouTube channel, or a total newbie wanting a taste of the perks life -we got you. Cards are ranked for popular features to show you a simple score out of 10.
independentMatch making is our jam - we're not owned by a bank, we don't have a call centre. Our only mission is to match you with the card of your dreams.
Aaron Christie-David, alongside his wife Bernadette, co-founded Atelier Wealth Mortgage Brokers in 2016. In this time, Aaron has earned recognition as an MPA Top 100 broker four times and garnered numerous industry accolades, including Brokerage of the Year (Australian Mortgage Awards), Customer Service Awards (MFAA), and NSW All Round Broker of the Year.

As a highly qualified and has a wealth of knowledge and experience in the finance industry, Aaron is also the author of The Happy Home Loan Handbook.

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
Editor

Richard Whitten is a money editor at Finder, and has been covering home loans, property and personal finance for 6+ years. He has written for Yahoo Finance, Money Magazine and Homely; and has appeared on various radio shows nationwide. He holds a Certificate IV in mortgage broking and finance (RG 206), a Tier 1 Generic Knowledge certification and a Tier 2 General Advice Deposit Products (RG 146) certification. See full bio

Richard's expertise
Richard has written 554 Finder guides across topics including:
  • Home loans
  • Property
  • Personal finance
  • Money-saving tips
Amy Bradney-George's headshot
Co-written by

Editor

Amy Bradney-George was the senior writer for credit cards at Finder, and editorial lead for Finder Green. She has over 16 years of editorial experience and has been featured in publications including ABC News, Money Magazine and The Sydney Morning Herald. See full bio

Amy's expertise
Amy has written 565 Finder guides across topics including:
  • Credit cards
  • Frequent flyer
  • Credit score
  • BNPL
  • Money management
  • Sustainability

More guides on Finder

  • Credit card churning in Australia — churn, baby, churn

    Well-known among frequent flyers and point chasers, this controversial strategy involves taking advantage of bonus point offers on different credit cards.

  • How to pay the ATO by credit card and earn rewards points

    Find out which credit cards offer points for payments to the ATO and how much the rewards are really worth.

  • Amplify Rewards Program

    Learn how you can build points with St.George and Amplify Rewards to redeem them for gift cards, wine, travel and more.

  • MYER one rewards program

    Get rewarded with shopping credits and a $20 Reward Card when you regularly spend at Myer stores and at any participating affiliate partners.

  • Coles Flybuys vs Everyday Rewards comparison

    Compare Coles Flybuys or Everyday Rewards to find out which one can offer you more rewards on your grocery shop.

  • Gift cards sold at Coles and Woolworths

    Gift cards can be thoughtful and practical presents for people. Read this guide on Woolworths and Coles gift cards to find out what you need to know when buying and using them.

  • Credit Card Points Calculator

    Credit card rewards and other loyalty programs have the potential to offer you extra value for your spending – here’s how to work out if you are getting it.

  • Flybuys credit cards

    Use your credit card to earn up to 3 Flybuys points per $1 spent on everyday expenses and redeem a variety of flight and shopping rewards.

  • Petrol Credit Cards

    Earn points for your fuel spending and save on petrol costs with one of these rewards credit cards – here’s how it works.

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108 Responses

    Default Gravatar
    BrianJuly 5, 2016

    Need a replacement card as mine is almost beyond being usable

      AvatarFinder
      DeeJuly 7, 2016Finder

      Hi Brian,

      Thanks for your comment.

      May I know what type of card you are currently holding so I can assist you?

      Alternatively, you can also try logging into your account on your bank’s website and check if there is a feature for requesting replacement cards.

      Cheers,
      Anndy

    Default Gravatar
    DawnMay 26, 2016

    I wish to be sent a new rewards card as mine is the old style & I was informed that the old style card will become extinct shortly.

    I will send my address when I hear from you.

      AvatarFinder
      MayJune 1, 2016Finder

      Hi Dawn,

      Thanks for your comment.

      You have come through to finder.com.au we are an Australian financial comparison website and general information service and is not a credit card company.

      I’m afraid you’ll need to contact your card issuer directly to request for a replacement of your old rewards card.

      I apologise I couldn’t be of more help.

      Regards,
      May

    Default Gravatar
    ejayApril 27, 2016

    How do i access my savings

      AvatarFinder
      YsaMay 10, 2016Finder

      Hi Ejay,

      Thanks for your question.
      To allow us to assist you further could you please state which credit card you are using?

      Cheers,
      Ysa

    Default Gravatar
    SteveMarch 16, 2016

    Hi,

    Which provider is the most beneficial for us clients ?

    We accumulate a lot of points however with the current provider we need to redeem a lot of points (which I believe is extremely excessive)in order to receive.

    Example 500,000 points gets you 2 return tickets to Europe

      AvatarFinder
      AllyMarch 17, 2016Finder

      Hi Steve,

      Thanks for your inquiry.

      Your choice of rewards credit cards highly depends on your personal situation and needs. It would still be best to compare the different options available to ensure that you choose the most ideal product for you.

      That said, you may want to take a look at the credit card options compared on the comparison of rewards credit card or consider the options on the following page:

      Qantas Frequent Flyer Credit Cards

      I hope this helps.

      Cheers,
      Ally

    Default Gravatar
    Christine.leiluaFebruary 8, 2016

    How do I apply for a card for Cole’s please.

      AvatarFinder
      DebbieFebruary 8, 2016Finder

      Hi,

      Thanks for your inquiry.

      To apply for Coles credit card, you may want to choose the credit card you would like to apply for on the comparison of Coles credit cardsand click on the Go to Site button to head over to their website.

      Before you apply, please ensure that you meet all the eligibility criteria and read through the details of the needed requirements as well as the relevant Product Disclosure Statements/Terms and Conditions when comparing your options before making a decision on whether it is right for you.

      I hope this helps.

      Cheers,
      Debbie

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