Top reward credit cards

Doing all the math, to work out which cards have more rewards.

I'd like to use my bonus reward points for:

Convert your credit card signup bonus reward points to gift cards, for Coles, Woolworths, Bunnings and more.

NAB points
$650 profit after meeting spend requirements
$0 monthly fee
130,000 points
$15,000 min credit limit
Spend $3,000 in 60 days
2nd Year Bonus 50,000 bonus points, $0 annual fee.
Modified 4 months ago
St.George Amplify points
$601 profit after meeting spend requirements
$99 annual fee
150,000 points
$15,000 min credit limit
Spend $12,000 in 365 days
$99 first year annual fee, $295 thereafter
Offer Expires in 6 months (2025-04-30T00:00:00.000Z)
Modified 4 months ago
Already had a card? Add it in your card history to track your eligibility for offers.
CitiRewards points
$600 profit after meeting spend requirements
$150 annual fee
150,000 points
$10,000 min credit limit
Spend $7,000 in 90 days
$150 first year annual fee, $300 thereafter
2nd Year Bonus 50,000 bonus points, $300 annual fee.
Modified 4 months ago
ANZ points
$595 profit after meeting spend requirements
$375 annual fee
180,000 points
$15,000 min credit limit
Spend $3,000 in 90 days
$150 Credit on card extra bonus.
Modified 4 months ago
Suncorp points
$561 profit after meeting spend requirements
$129 annual fee
140,000 points
$6,000 min credit limit
Spend $4,500 in 90 days
Modified 3 months ago
NAB points
$554 profit after meeting spend requirements
$24 monthly fee
130,000 points
$15,000 min credit limit
Spend $3,000 in 60 days
2nd Year Bonus 50,000 bonus points, $288 annual fee.
Modified 4 months ago
CitiRewards points
$590 profit after meeting spend requirements
$700 annual fee
250,000 points
$20,000 min credit limit
Spend $10,000 in 90 days
Modified 2 months ago
Commbank points
$475 profit after meeting spend requirements
$0 monthly fee
90,000 points
$3,000 min credit limit
Spend $6,000 in 120 days
Modified 3 months ago
Bank of Melbourne points
$401 profit after meeting spend requirements
$49 annual fee
100,000 points
$6,000 min credit limit
Spend $3,000 in 90 days
$49 first year annual fee, $124 thereafter
Offer Expires in 6 months (2025-04-30T00:00:00.000Z)
Modified 4 months ago
Westpac points
$390 profit after meeting spend requirements
$0 annual fee
90,000 points
$6,000 min credit limit
Spend $3,000 in 90 days
$0 first year annual fee, $175 thereafter
2nd Year Bonus 30,000 bonus points, $175 annual fee.
Offer Expires in 6 months (2025-04-30T00:00:00.000Z)
Modified 4 months ago
Westpac points
$350 profit after meeting spend requirements
$0 annual fee
$500 min credit limit
Spend $7,000 in 210 days
$0 first year annual fee, $59 thereafter
$350 Cashback extra bonus.
Offer Expires in 6 months (2025-04-30T00:00:00.000Z)
Modified 4 months ago
Commbank points
$361 profit after meeting spend requirements
$19 monthly fee
90,000 points
$3,000 min credit limit
Spend $6,000 in 120 days
Modified 3 months ago
Westpac points
$351 profit after meeting spend requirements
$99 annual fee
100,000 points
$15,000 min credit limit
Spend $6,000 in 120 days
$99 first year annual fee, $295 thereafter
2nd Year Bonus 50,000 bonus points, $295 annual fee.
Offer Expires in 6 months (2025-04-30T00:00:00.000Z)
Modified 4 months ago
ANZ points
$351 profit after meeting spend requirements
$94 annual fee
$55 program fee
100,000 points
$6,000 min credit limit
Spend $2,000 in 90 days
$50 Credit on card extra bonus.
Modified 4 months ago
NAB points
$305 profit after meeting spend requirements
$45 annual fee
80,000 points
$6,000 min credit limit
Spend $1,000 in 60 days
$45 first year annual fee, $195 thereafter
2nd Year Bonus 20,000 bonus points, $195 annual fee.
Modified 4 months ago
BOQ points
$300 profit after meeting spend requirements
$0 annual fee
100,000 points
Spend $4,500 in 90 days
Modified 4 months ago
Velocity points
$300 profit after meeting spend requirements
$0 monthly fee
65,000 points
$15,000 min credit limit
Spend $3,000 in 60 days
2nd Year Bonus 25,000 bonus points, $0 annual fee.
Modified 4 months ago
Velocity points
$305 profit after meeting spend requirements
$74 annual fee
60,000 points
$6,000 min credit limit
Spend $3,000 in 60 days
$74 first year annual fee, $149 thereafter
$129 Virgin Australia Gift Voucher. extra bonus.
Modified 2 months ago
Westpac points
$291 profit after meeting spend requirements
$99 annual fee
90,000 points
$6,000 min credit limit
Spend $3,000 in 90 days
$99 first year annual fee, $175 thereafter
2nd Year Bonus 30,000 bonus points, $175 annual fee.
Offer Expires in 6 months (2025-04-30T00:00:00.000Z)
Modified 9 days ago
CitiRewards points
$300 profit after meeting spend requirements
$300 annual fee
$10,000 min credit limit
Spend $2,000 in 90 days
$600 Cashback extra bonus.
Modified 4 months ago
American Express points
$290 profit after meeting spend requirements
$395 annual fee
50,000 points
Spend $4,000 in 90 days
$400 Travel Credit extra bonus.
Modified 4 months ago
BOQ points
$225 profit after meeting spend requirements
$75 annual fee
100,000 points
Spend $4,500 in 90 days
$75 first year annual fee, $149 thereafter
Modified 9 days ago
Qantas points
$250 profit after meeting spend requirements
$450 annual fee
50,000 points
Spend $3,000 in 90 days
$450 Qantas Travel Credit via Amex Travel extra bonus.
Offer Expires in 2 months (2025-01-14T00:00:00.000Z)
Modified 2 months ago
Qantas points
$225 profit after meeting spend requirements
$150 annual fee
$75 program fee
90,000 points
$15,000 min credit limit
Spend $6,000 in 120 days
$150 first year annual fee, $295 thereafter
2nd Year Bonus 30,000 bonus points, $295 annual fee.
Offer Expires in 6 months (2025-04-30T00:00:00.000Z)
Modified 4 months ago
American Express points
$200 profit after meeting spend requirements
$0 annual fee
Spend $0 in 0 days
$0 first year annual fee, $195 thereafter
$200 Travel Credit extra bonus.
Modified 4 months ago
Velocity points
$204 profit after meeting spend requirements
$24 monthly fee
65,000 points
$15,000 min credit limit
Spend $3,000 in 60 days
2nd Year Bonus 25,000 bonus points, $288 annual fee.
Modified 4 months ago
Velocity points
$201 profit after meeting spend requirements
$94 annual fee
$55 program fee
70,000 points
$6,000 min credit limit
Spend $2,000 in 90 days
$50 credited to your new card extra bonus.
2nd Year Bonus 30,000 bonus points, $94 annual fee.
Modified 4 months ago
Qantas points
$190 profit after meeting spend requirements
$0 monthly fee
$60 program fee
50,000 points
$3,000 min credit limit
Spend $6,000 in 120 days
Modified 3 months ago
Qantas points
$225 profit after meeting spend requirements
$425 annual fee
90,000 points
$15,000 min credit limit
Spend $5,000 in 90 days
$200 Cashback extra bonus.
2nd Year Bonus 40,000 bonus points, $425 annual fee.
Modified 4 months ago
Flybuys points
$181 profit after meeting spend requirements
$99 annual fee
50,000 points
$1,000 min credit limit
Spend $3,000 in 90 days
Offer Expires in 4 months (2025-03-03T00:00:00.000Z)
Modified 4 months ago
Velocity points
$200 profit after meeting spend requirements
$329 annual fee
80,000 points
$15,000 min credit limit
Spend $7,000 in 60 days
$129 Virgin Australia Gift Voucher. extra bonus.
Modified 2 months ago
Velocity points
$175 profit after meeting spend requirements
$150 annual fee
$75 program fee
90,000 points
$15,000 min credit limit
Spend $6,000 in 120 days
$150 first year annual fee, $295 thereafter
2nd Year Bonus 30,000 bonus points, $295 annual fee.
Offer Expires in 6 months (2025-04-30T00:00:00.000Z)
Modified 4 months ago
Qantas points
$151 profit after meeting spend requirements
$49 annual fee
$75 program fee
60,000 points
$6,000 min credit limit
Spend $4,000 in 90 days
$49 first year annual fee, $175 thereafter
2nd Year Bonus 20,000 bonus points, $175 annual fee.
Offer Expires in 6 months (2025-04-30T00:00:00.000Z)
Modified 4 months ago
Qantas points
$155 profit after meeting spend requirements
$295 annual fee
75,000 points
$6,000 min credit limit
Spend $2,500 in 90 days
$100 Back extra bonus.
Modified 4 months ago
Velocity points
$126 profit after meeting spend requirements
$49 annual fee
$75 program fee
60,000 points
$6,000 min credit limit
Spend $4,000 in 90 days
$49 first year annual fee, $175 thereafter
2nd Year Bonus 20,000 bonus points, $175 annual fee.
Offer Expires in 6 months (2025-04-30T00:00:00.000Z)
Modified 4 months ago
Qantas points
$105 profit after meeting spend requirements
$320 annual fee
90,000 points
$15,000 min credit limit
Spend $3,000 in 60 days
$320 first year annual fee, $420 thereafter
2nd Year Bonus 30,000 bonus points, $420 annual fee.
Modified 2 months ago
Qantas points
$105 profit after meeting spend requirements
$320 annual fee
90,000 points
$15,000 min credit limit
Spend $3,000 in 60 days
2nd Year Bonus 30,000 bonus points, $320 annual fee.
Modified 6 days ago
Qantas points
$81 profit after meeting spend requirements
$119 annual fee
$75 program fee
60,000 points
$6,000 min credit limit
Spend $4,000 in 90 days
$119 first year annual fee, $175 thereafter
2nd Year Bonus 20,000 bonus points, $175 annual fee.
Offer Expires in 6 months (2025-04-30T00:00:00.000Z)
Modified 3 months ago
Qantas points
$80 profit after meeting spend requirements
$195 annual fee
60,000 points
$6,000 min credit limit
Spend $2,000 in 60 days
$195 first year annual fee, $295 thereafter
2nd Year Bonus 10,000 bonus points, $295 annual fee.
Modified 2 months ago
Qantas points
$76 profit after meeting spend requirements
$19 monthly fee
$60 program fee
50,000 points
$3,000 min credit limit
Spend $6,000 in 120 days
Modified 3 months ago
Qantas points
$80 profit after meeting spend requirements
$295 annual fee
$75 program fee
90,000 points
$15,000 min credit limit
Spend $6,000 in 120 days
2nd Year Bonus 30,000 bonus points, $295 annual fee.
Offer Expires in 6 months (2025-04-30T00:00:00.000Z)
Modified 4 months ago
Velocity points
$56 profit after meeting spend requirements
$119 annual fee
$75 program fee
60,000 points
$6,000 min credit limit
Spend $4,000 in 90 days
$119 first year annual fee, $175 thereafter
2nd Year Bonus 20,000 bonus points, $175 annual fee.
Offer Expires in 6 months (2025-04-30T00:00:00.000Z)
Modified 3 months ago
Qantas points
$51 profit after meeting spend requirements
$349 annual fee
80,000 points
$6,000 min credit limit
Spend $3,000 in 90 days
$349 first year annual fee, $399 thereafter
Modified 4 days ago
Qantas points
$22 profit after meeting spend requirements
$129 annual fee
$49 program fee
40,000 points
$6,000 min credit limit
Spend $4,500 in 90 days
Modified 4 months ago
Velocity points
$30 profit after meeting spend requirements
$295 annual fee
$75 program fee
90,000 points
$15,000 min credit limit
Spend $6,000 in 120 days
2nd Year Bonus 30,000 bonus points, $295 annual fee.
Offer Expires in 6 months (2025-04-30T00:00:00.000Z)
Modified 4 months ago
Qantas points
$0 loss after meeting spend requirements
$350 annual fee
70,000 points
$10,000 min credit limit
Spend $6,000 in 90 days
2nd Year Bonus 30,000 bonus points, $350 annual fee.
Modified 4 months ago
Qantas points
$-99 loss after meeting spend requirements
$349 annual fee
50,000 points
Spend $3,000 in 90 days
$349 first year annual fee, $399 thereafter
Modified 2 days ago
Velocity points
$-190 loss after meeting spend requirements
$440 annual fee
60,000 points
Spend $3,000 in 90 days
Offer Expires in 2 months (2025-01-21T00:00:00.000Z)
Modified 2 days ago
Qantas points
$-249 loss after meeting spend requirements
$749 annual fee
100,000 points
$20,000 min credit limit
Spend $7,500 in 60 days
Modified 4 months ago
Qantas points
$-450 loss after meeting spend requirements
$1,200 annual fee
150,000 points
Spend $5,000 in 90 days
Very High annual fee $1,200 annual fee.
Modified 4 months ago

How credit card reward programs work

There are three basic parts

  1. Spend money, earn points
  2. Sign up points bonus
  3. Redeem gift cards with your points

When you spend money on a credit card with a reward program, you earn points for each dollar you spend. The rate you earn points depends on the card - it might be 1 point per dollar, 2 points or 1/2 a point.

Most credit cards with reward programs also give you a sign up bonus of some large number of points - think 100,000 points.

Each credit card provider has their own reward program, and you can use this to redeem your points for goods or gift cards. All the dollar values on this site are the values of Woolworths or Coles gift cards redeemed with points. The point requirement is different in each program. Generally, using Qantas points for gift cards is worse than using the banks own reward program.

Each credit card comes with an annual fee. Often credit cards will wave the annual fee for the first year. Some credit cards split their bonus points over two years, e.g. 80k the first year, and 20k the second year. This means you have to pay two annual fees if you want the maximum bonus for that card.

Will this affect my credit rating?

Yes, credit card enquires do affect your credit score - it's more a question of the amount. There are three different credit score providers in Australia: Illion, Equifax and Experian. Find out more from the gov. Since I started getting credit card with reward points for a few years, my credit score has dropped from "excellent" to "very good", which I am fine with. I monitor my credit score with these three services:

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Hey all! Hope you are enjoying the site.

If something out of date or I've missed a card, let me know on instagram or facebook and I'll get it updated ASAP.

You can also check out my other sites for half price groceries on amazon and finding qantas business reward flights


Craig