Looking for ways to maximise your rewards and benefits? Credit cards that earn points can be a great way to do just that.
This month, we're bringing you some of Australia's best credit cards that earn points. From sign-up bonuses to earning rates, you'll find options to consider for maximising your rewards and reaching your next reward flight faster.
Check out our rewards credit card comparison page, where you can compare more offers.
Choose one...
- Best credit card for points overall
- Best credit card for sign up bonus points
- Best credit card for points with no annual fee
- Best credit card for Qantas Points
- Best credit card for Velocity Points
- Best credit card for KrisFlyer Miles
- Best ANZ Rewards credit card
- Best CommBank Awards credit card
- Best NAB Rewards credit card
- Best Westpac Altitude Rewards credit card
- Best Amex Membership Rewards credit card
- Pros and cons
- Our ranking criteria
The use of "featured", "popular", "best" and "top" on Finty do not constitute a product rating or recommendation and are subject to our general disclaimer. Calculations in comparison tables will vary based on personal data input.
The all-rounder
Best credit card for points overall
Rewards program
Qantas Frequent Flyer
Points per $1 spent
1.25 points
Sign up bonus
50,000 points
Annual fee
$450.00 p.a. ongoing
Highlights
- Get 50,000 bonus Qantas Points when you apply online by 14 January 2025, are approved, and spend $3,000 on eligible purchases on your new Qantas American Express Ultimate Card within the first 3 months of your approval date. Terms and Conditions apply.
- Receive 2 complimentary Qantas Club lounge invitations annually.
- Access a $450 Qantas Travel Credit each year (conditions apply).
Pros
Cons
Give your account a boost
Best credit card for sign up bonus points
Rewards program
Qantas Frequent Flyer
Points per $1 spent
0.50 points
Sign up bonus
100,000 points
Annual fee
$425.00 p.a. ongoing
Highlights
- Receive up to 130,000 points. Get a 90,000 bonus Qantas Points and $200 cashback on your new card after spending $5,000 on qualifying purchases within the initial 3 months of approval. Additionally, earn an extra 40,000 bonus Qantas Points by maintaining your card for over 12 months. Terms and Conditions apply.
- Earn 1 Qantas Point for every $1 spent on eligible purchases, up to $7,500 per statement period.
- It includes 7 complimentary insurances, including International Travel Insurance.
Pros
Cons
Save money on account fees
Best credit card for points with no annual fee
Rewards program
Qantas Frequent Flyer
Points per $1 spent
0.75 points
Sign up bonus
N/A
Annual fee
N/A
Highlights
- Earn 1.75 Qantas Points on eligible Qantas products and services.
- Earn 0.75 Qantas Point for every $1 spent on Card purchases, except spend at government bodies in Australia where you will earn 0.5 Qantas Points per $1 spent.
- $0 Annual Fee.
- Up to 4 Additional Cards for family members or friends with no extra fee.
Pros
Cons
Earn the most per dollar spent
Best credit card for Qantas Points
Rewards program
Qantas Frequent Flyer
Points per $1 spent
1.25 points
Sign up bonus
50,000 points
Annual fee
$450.00 p.a. ongoing
Highlights
- Get 50,000 bonus Qantas Points when you apply online by 14 January 2025, are approved, and spend $3,000 on eligible purchases on your new Qantas American Express Ultimate Card within the first 3 months of your approval date. Terms and Conditions apply.
- Receive 2 complimentary Qantas Club lounge invitations annually.
- Access a $450 Qantas Travel Credit each year (conditions apply).
Pros
Cons
For Virgin Australia points hackers
Best credit card for Velocity Points
Rewards program
Velocity Frequent Flyer
Points per $1 spent
0.75 points
Sign up bonus
N/A
Annual fee
N/A
Highlights
- Earn Velocity Points and enjoy a $0 Annual Fee.
- Velocity Points earned on your card are transferred directly to your Velocity account each month and can be redeemed for a range of rewards including flights, accommodation, car hire, gift cards, and much more.
- Earn 0.75 Velocity Points per $1 spent, except for government bodies in Australia where you will earn 0.5 Velocity Points per $1 spent.
Pros
Cons
Earn points that can be transferred to Singapore Airlines KrisFlyer
Best credit card for KrisFlyer Miles
St.George Amplify Signature Credit Card (Amplify)
Rewards program
Amplify Rewards, Amplify Qantas
Points per $1 spent
1.50 points
Sign up bonus
150,000 points
Annual fee
$199.00 for 1st year
Highlights
- Up to 150,000 Bonus Amplify Rewards Points earned upon spending $12,000 on eligible purchases within the first 12 months from card approval.
- Initial card fee of $199 for the first year ($295 p.a. thereafter).
- Comes with complimentary overseas travel insurance coverage for up to 6 months.
Pros
Cons
Earn with ANZ
Best ANZ Rewards credit card
Rewards program
Qantas Frequent Flyer
Points per $1 spent
0.50 points
Sign up bonus
100,000 points
Annual fee
$425.00 p.a. ongoing
Highlights
- Receive up to 130,000 points. Get a 90,000 bonus Qantas Points and $200 cashback on your new card after spending $5,000 on qualifying purchases within the initial 3 months of approval. Additionally, earn an extra 40,000 bonus Qantas Points by maintaining your card for over 12 months. Terms and Conditions apply.
- Earn 1 Qantas Point for every $1 spent on eligible purchases, up to $7,500 per statement period.
- It includes 7 complimentary insurances, including International Travel Insurance.
Pros
Cons
Earn with CommBank
Best CommBank Awards credit card
Rewards program
Commonwealth Bank Awards
Points per $1 spent
1.25 points
Sign up bonus
70,000 points
Annual fee
$349.00 p.a. ongoing
Highlights
- Get a $100,000 bonus CommBank Awards points or 70,000 Qantas Points when you apply by 1 June 2023 and spend $5,000 on purchases within 90 days of card activation.
- Earn up to 1 million points per year or 400,000 Qantas Points per year. Terms and Conditions apply.
- Spend points on travel, shopping vouchers, merchandise, cashback, and much more.
- Feel secure with the complimentary International Travel Insurance.
Pros
Cons
Earn with NAB
Best NAB Rewards credit card
Rewards program
Qantas Frequent Flyer
Points per $1 spent
1 point
Sign up bonus
90,000 points
Annual fee
$320.00 for 1st year
Highlights
- Earn up to 120,000 bonus Qantas Points. Get 90,000 bonus points when you spend $3,000 on everyday purchases within the first 60 days of account opening and 30,000 bonus points when you keep your card for over 12 months. Terms and Conditions apply.
- Save $100 with a reduced first-year annual fee of just $320 p.a. (down from $420 p.a.).
- Get a FREE Qantas Frequent Flyer membership, saving you $99.50.
- Earn 1 Qantas Point per $1 spent on everyday purchases up to $5,000 per statement period, and 0.5 Qantas Points per $1 spent thereafter (capped at $20,000).
Pros
Cons
Earn with Westpac
Best Westpac Altitude Rewards credit card
Rewards program
Altitude Rewards
Points per $1 spent
1.25 points
Sign up bonus
100,000 points
Annual fee
$200.00 for 1st year
Highlights
- Earn up to 150,000 bonus Altitude Points. Receive 100,000 Altitude bonus points by spending $6,000 on eligible purchases within 120 days of card approval. Additionally, get 50,000 points after your first eligible purchase in year 2. Exclusions apply.
- Initial $200 p.a. annual fee ($295 p.a. thereafter), applicable to new cardholders only.
- Earn 6 Altitude points per $1 on Qantas, Jetstar, Singapore Airlines, and Emirates flights bought in Australia, subject to eligibility criteria.
Pros
Cons
Earn with American Express
Best Amex Membership Rewards credit card
Rewards program
Membership Rewards Gateway
Points per $1 spent
2 points
Sign up bonus
50,000 points
Annual fee
$395.00 p.a. ongoing
Highlights
- Obtain 50,000 Bonus Membership Rewards Points upon application approval and spending $4,000 on your new Card within the initial 3 months. T&Cs apply. Exclusive to New Amex Card Members.
- Enjoy a $400 Travel Credit annually for flights, hotels, and car rentals when booked online using this card.
- Benefit from complimentary domestic and international travel insurance coverage.
Pros
Cons
Things to consider
Pros and cons
Pros
- Get rewarded for everyday spending. Grocery shops, filling up your card, paying bills, etc., can all earn points.
- Lucrative sign up bonuses. Most points credit cards offer generous sign-up bonuses, allowing you to earn a large number of points quickly.
- Choice of redemption options. Credit card points can typically be redeemed for travel (flights, hotels, and so on), merchandise, cash back, or statement credits.
- Flexibility with transfer partners. Most bank rewards programs have airline partners, making redeeming points for expensive Business and First Class seats easier.
Cons
- Annual fees. Many credit cards come with annual fees, which can add up over time and offset the value of the rewards you earn.
- Interest rates tend to be on the high side. Credit cards that earn points generally do not have low ongoing rates (although they may have an introductory offer).
- Points can expire. Check if points expire and how they can be kept active.
- Point caps. Inconvenient for big spenders. Some cards have tiers instead of caps. Ideally, there is neither.
- Points can be devalued. Thankfully this is not a frequent event, but it can happen.
How we choose these
Our ranking criteria
- This page provides a list of the best introductory balance transfer credit card offers in Australia, as available at the time of publishing on Finty.
- We have included personal and business credit cards in this list.
- Offers made available on other marketing channels, such as internet banking or direct mail, are not included.
- Offers that are exclusive to Finty are included, when available.
- Other factors are taken into account when there is a tie, including annual fees, interest rates, sign up bonuses, and rewards earn rate.
- Credit cards are eligible for consideration regardless of the status of Finty's relationship with the issuer.
