- Up to 2.25 Qantas Points per $1
- $450 annual fee
- Up to 2.25 Qantas Points per $1
- $450 annual fee
We update our data regularly, but information can change between updates. Confirm details with the provider you're interested in before making a decision.
As the cost of living rises, rewards credit cards offer a way to gain bank rewards, frequent flyer points, or cashback on your spending. By choosing a rewards card that aligns with your spending habits, you can benefit from "something for nothing" on your regular purchases.
Updated 28 July 2023 by Finder's senior credit card writer, Amy Bradney-George.
New rewards credit cards often come with bonus point sign-up offers, giving you a huge head start on building your rewards balance. There are offers available now that can net up to 200,000 bonus points with a new card and continue to give you points for every dollar you spend with the card.
Our pick of offers available through Finder:
Keep in mind: There's no one best credit card for everyone, so check details that matter to you.
A rewards credit card usually earns points for every $1 you spend on purchases in Australia and overseas (including online). The points are credited to your account or a linked loyalty program, where you can redeem them for rewards. There are also a few rewards credit cards that earn cashback instead of points.
Credit cards in Australia offer rewards that range from flights and hotel bookings to gift cards, cashback and retail items. While these rewards vary between cards, any of them can help you get more value from your spending.
If you're a member of a frequent flyer program, you can use a credit card to earn more points or miles for your existing frequent flyer account. There are 2 ways you can earn frequent flyer points with a rewards credit card in Australia:
These credit cards are directly partnered with a frequent flyer program and earn frequent flyer points on your eligible spending. Points are automatically added to your frequent flyer account once a month (or at regular intervals).
This gives you flexibility if you fly with a number of airlines or don't travel very often. It can also be a good option if you want to earn points with a program that isn't directly linked with an Australian credit card (e.g. Singapore Airlines KrisFlyer).
As well as partnerships with frequent flyer programs, many credit card reward programs let you use points for flights, travel upgrades, accommodation, car hire and travel experiences without needing to transfer them first.
Many credit card companies in Australia have their own rewards programs that give you a mix of ways to use points, with rewards such as travel, retail items, gift cards, credit on your account or point transfers to frequent flyer and other loyalty programs. The credit card rewards programs you can choose from include:
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 come with introductory offers that provide a one-time account credit or voucher when you meet the spend requirements.
These rewards credit cards offer you points, discounts and other perks when you shop with a particular supermarket or major retailer, such as Coles, Kogan or David Jones. But you can also use them for spending at other shops and businesses (just like any other credit card). Here are some examples of how these cards work.
|David Jones American Express & David Jones American Express Platinum Card|
Earn American Express Membership Rewards or Qantas Points for purchases at David Jones and everywhere else. You can also get exclusive shopping benefits at David Jones, such as complimentary delivery and interest-free plans for eligible purchases.
Note: American Express and David Jones are ending their card partnership in July 2023. After that, Latitude will partner with David Jones to issue its cards. If you already have an Amex card, Finder's American Express guide has more details on the change.
|Coles No Annual Fee, Coles Rewards Mastercard & Coles Low Rate Mastercard||The Coles No Annual Fee and Rewards Mastercard both earn Flybuys points at Coles Supermarkets and everywhere else. The Coles Low Rate Mastercard offers points per $1 spent at Coles Supermarkets (on top of your regular Flybuys points). |
These credit cards also include your Flybuys membership barcode on the back, so you won't have to pull out your Flybuys card when you're shopping at Coles or another Flybuys partner.
|Kogan Money Credit Card||Earn Kogan rewards points per $1 spent, which you can use to pay for Kogan.com purchases or for payments to your card. Another benefit is complimentary Kogan First Membership (usually $79 per year), which gives you access to membership deals, free delivery on selected purchases and other perks.|
If you regularly pay for your groceries on plastic or shop with a particular store or brand, you can learn more about credit cards linked with shopping loyalty programs in Finder's guide to retail rewards credit cards.
Wondering how much value you can get? Check out this interview we did with a woman who gets $2,000 from Flybuys every year as an example.
Reward credit cards are popular in Australia, with Finder research showing 38% of Australians got their last credit card for rewards or frequent flyer points.
From earning points to the rewards you want to redeem, here are some of the questions and factors to think about when you're comparing rewards credit cards:
Eligible purchases or transactions that earn points include most everyday purchases, such as shopping at the supermarket and retail stores, dining out and paying for petrol.
Transactions that don't usually earn points include balance transfers, government charges, BPAY payments, cash advances, account fees and account charges. These details are in each rewards program's terms and conditions, so check them or ask the credit card company about when you will and won't earn points.
To give you a basic idea of the potential value of your rewards, we have compared the amount of points you need to redeem a $100 retail gift card for the major rewards programs linked to different credit cards.
|Rewards program||Points needed for $100 gift card||Popular card and ongoing annual fee||Spend required for $100 gift card|
|American Express Membership Rewards||20,000||Explorer: $395||2 points per $1: $10,000|
|Flybuys Rewards||20,000||Coles Rewards Mastercard: $99||2 points per $1: $10,000|
|ANZ Rewards Program||22,225||Rewards Platinum: $95||1.5 points per $1: $14,817|
|Suncorp Bank Rewards||From 20,900||Clear Options Platinum: $129||1.25 points per $1: $16,720|
|CommBank Awards||20,650||CommBank Awards Card: $59||1 point per $1: $20,650|
|Citi Rewards Program||From 20,900||Rewards Card: $149||1 point per $1: $20,900|
|HSBC Rewards Plus||24,000||Platinum: $129||1 point per $1: $24,000|
|Bendigo Bank Rewards||37,040||Platinum Rewards: $89||1.5 points per $1: $24,694|
|Westpac Altitude Rewards||25,000||Altitude Platinum: $175||1 point per $1: $25,000|
Fees, points and redemption values correct as of July 2023.
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.
Take note: The points needed for the rewards in the table above are based on publicly available details from each rewards program website when Finder checked in July 2023. These values can vary between rewards cards and accounts, so you should always log in to see the most accurate, current details for a reward that you want.
Rewards credit cards often come with a variety of additional features that can add value to the account you choose. Popular perks include:
Rewards programs give you a way to get extra value from paying with a credit card – but you need to look at the costs as well as the perks to decide if a rewards credit card is worth it. So, if you're interested in earning points, cashback or other rewards as you spend, you can start by comparing a range of cards based on the rewards program, sign-up bonus point offers, costs and your spending habits. You can then read reviews of individual cards, check your eligibility and apply for a card that fits your needs.
Well-known among frequent flyers and point chasers, this controversial strategy involves taking advantage of bonus point offers on different credit cards.
Find out which credit cards offer points for payments to the ATO and how much the rewards are really worth.
Reward your spending and redeem gift cards, merchandise and experiences with the Latitude Infinity Visa credit card.
Learn how you can build points with St.George and Amplify Rewards to redeem them for gift cards, wine, travel and more.
Get rewarded with shopping credits and a $20 Reward Card when you regularly spend at Myer stores and at any participating affiliate partners.
Compare Coles Flybuys or Everyday Rewards to find out which one can offer you more rewards on your grocery shop.
The Myer Credit Card has a low annual fee, up to 55 days interest-free on purchases, flexible repayment options and awards MYER one Shopping Credits for everyday purchases.
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.
Link your credit card to your PayPal account and you could earn points while shopping online with buyer protection.
Discover the benefits you can get in-store, online and anywhere you shop with a store credit card.
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