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.
1.
CitiRewards points
$700 profit after meeting spend requirements
$700 fee
275,000 points
$20,000 min credit limit
Spend $10,000 in 90 days
Modified 02/03/24
2.
St.George Amplify points
$601 profit after meeting spend requirements
$99 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 3 months (31/07/24)
Modified 02/03/24
Already had a card? Add it in your card history and get alerted when 12 months have past and you can apply again.
3.
CitiRewards points
$600 profit after meeting spend requirements
$150 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 02/03/24
4.
ANZ points
$595 profit after meeting spend requirements
$375 fee
180,000 points
$15,000 min credit limit
Spend $3,000 in 90 days
$150 Credit on card extra bonus.
Modified 03/05/23
5.
St.George Amplify points
$501 profit after meeting spend requirements
$199 fee
150,000 points
$15,000 min credit limit
Spend $12,000 in 365 days
$199 first year annual fee, $295 thereafter
Offer Expires in 3 months (31/07/24)
Modified 02/03/24
6.
Suncorp points
$491 profit after meeting spend requirements
$99 fee
120,000 points
$6,000 min credit limit
Spend $3,000 in 90 days
$99 first year annual fee, $129 thereafter
Offer Expires in a month (29/05/24)
Modified 02/03/24
7.
St.George Amplify points
$450 profit after meeting spend requirements
$0 fee
100,000 points
$6,000 min credit limit
Spend $3,000 in 90 days
$0 first year annual fee, $124 thereafter
Offer Expires in 3 months (31/07/24)
Modified 02/03/24
8.
Westpac points
$450 profit after meeting spend requirements
$0 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 3 months (31/07/24)
Modified 02/03/24
9.
NAB points
$455 profit after meeting spend requirements
$145 fee
120,000 points
$15,000 min credit limit
Spend $3,000 in 60 days
$145 first year annual fee, $295 thereafter
2nd Year Bonus 40,000 bonus points, $295 annual fee.
Modified 04/11/23
10.
Commbank points
$425 profit after meeting spend requirements
$0 fee
90,000 points
$3,000 min credit limit
Spend $4,500 in 90 days
Modified 02/03/24
11.
Westpac points
$426 profit after meeting spend requirements
$99 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 3 months (31/07/24)
Modified 02/03/24
12.
St.George Amplify points
$401 profit after meeting spend requirements
$49 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 3 months (31/07/24)
Modified 02/03/24
13.
Westpac points
$401 profit after meeting spend requirements
$49 fee
90,000 points
$6,000 min credit limit
Spend $3,000 in 90 days
$49 first year annual fee, $175 thereafter
2nd Year Bonus 30,000 bonus points, $175 annual fee.
Offer Expires in 3 months (31/07/24)
Modified 02/03/24
14.
Bank of Melbourne points
$401 profit after meeting spend requirements
$49 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 3 months (31/07/24)
Modified 02/03/24
15.
Commbank points
$350 profit after meeting spend requirements
$0 fee
75,000 points
$3,000 min credit limit
Spend $4,500 in 90 days
Modified 02/03/24
16.
Westpac points
$350 profit after meeting spend requirements
$0 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 3 months (31/07/24)
Modified 02/03/24
17.
NAB points
$305 profit after meeting spend requirements
$45 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 04/11/23
18.
BOQ points
$300 profit after meeting spend requirements
$0 fee
100,000 points
Spend $4,500 in 90 days
Offer Expires in 13 days (30/04/24)
Modified 02/12/23
19.
CitiRewards points
$300 profit after meeting spend requirements
$300 fee
$10,000 min credit limit
Spend $2,000 in 90 days
$600 Cashback extra bonus.
Modified 02/03/24
20.
ANZ points
$271 profit after meeting spend requirements
$149 fee
80,000 points
$6,000 min credit limit
Spend $2,000 in 90 days
$50 Credit on card extra bonus.
Modified 08/11/23
21.
Qantas points
$300 profit after meeting spend requirements
$450 fee
60,000 points
Spend $3,000 in 90 days
$450 Qantas Travel Credit via Amex Travel extra bonus.
Offer Expires in a month (28/05/24)
Modified 2024-04-07T06:27:27.641Z
22.
American Express points
$290 profit after meeting spend requirements
$395 fee
50,000 points
Spend $4,000 in 90 days
$400 Travel Credit extra bonus.
Modified 21/01/24
23.
BOQ points
$235 profit after meeting spend requirements
$65 fee
100,000 points
Spend $4,500 in 90 days
$65 first year annual fee, $129 thereafter
Offer Expires in 13 days (30/04/24)
Modified 02/12/23
24.
Qantas points
$236 profit after meeting spend requirements
$214 fee
90,000 points
$15,000 min credit limit
Spend $6,000 in 90 days
$139 first year annual fee, $295 thereafter
Offer Expires in 3 months (31/07/24)
Modified 02/03/24
25.
Qantas points
$225 profit after meeting spend requirements
$225 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 3 months (31/07/24)
Modified 02/03/24
26.
American Express points
$200 profit after meeting spend requirements
$0 fee
Spend $0 in 0 days
$0 first year annual fee, $195 thereafter
$200 Travel Credit extra bonus.
Modified 03/09/22
27.
Qantas points
$225 profit after meeting spend requirements
$425 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 2024-03-23T08:46:34.102Z
28.
CitiRewards points
$201 profit after meeting spend requirements
$199 fee
80,000 points
$2,000 min credit limit
Spend $5,000 in 90 days
Modified 02/03/24
29.
Commbank points
$197 profit after meeting spend requirements
$228 fee
90,000 points
$3,000 min credit limit
Spend $4,500 in 90 days
Modified 02/03/24
30.
Flybuys points
$181 profit after meeting spend requirements
$99 fee
50,000 points
$1,000 min credit limit
Spend $3,000 in 90 days
Offer Expires in 2 months (30/06/24)
Modified 02/03/24
31.
CitiRewards points
$200 profit after meeting spend requirements
$300 fee
100,000 points
$10,000 min credit limit
Spend $8,000 in 90 days
Modified 02/03/24
32.
Qantas points
$175 profit after meeting spend requirements
$150 fee
70,000 points
$6,000 min credit limit
Spend $2,000 in 60 days
$150 first year annual fee, $250 thereafter
Modified 07/08/22
33.
Qantas points
$165 profit after meeting spend requirements
$60 fee
45,000 points
$3,000 min credit limit
Spend $4,500 in 90 days
Modified 02/03/24
34.
Qantas points
$151 profit after meeting spend requirements
$124 fee
60,000 points
Spend $3,000 in 90 days
$49 first year annual fee, $124 thereafter
Offer Expires in 3 months (31/07/24)
Modified 02/03/24
35.
Qantas points
$151 profit after meeting spend requirements
$124 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 3 months (31/07/24)
Modified 02/03/24
36.
Qantas points
$151 profit after meeting spend requirements
$174 fee
70,000 points
Spend $3,000 in 90 days
$99 first year annual fee, $124 thereafter
Offer Expires in 3 months (31/07/24)
Modified 02/03/24
37.
Qantas points
$155 profit after meeting spend requirements
$295 fee
75,000 points
$6,000 min credit limit
Spend $2,500 in 90 days
$100 Back extra bonus.
Modified 14/08/23
38.
Qantas points
$130 profit after meeting spend requirements
$295 fee
90,000 points
$15,000 min credit limit
Spend $3,000 in 60 days
$295 first year annual fee, $395 thereafter
2nd Year Bonus 30,000 bonus points, $395 annual fee.
Modified 01/11/21
39.
Qantas points
$130 profit after meeting spend requirements
$295 fee
90,000 points
$15,000 min credit limit
Spend $3,000 in 60 days
2nd Year Bonus 30,000 bonus points, $295 annual fee.
Modified 2024-04-07T10:26:46.972Z
40.
Commbank points
$122 profit after meeting spend requirements
$228 fee
75,000 points
$3,000 min credit limit
Spend $4,500 in 90 days
Modified 02/03/24
41.
Qantas points
$90 profit after meeting spend requirements
$60 fee
30,000 points
$3,000 min credit limit
Spend $4,500 in 90 days
Modified 02/03/24
42.
Qantas points
$101 profit after meeting spend requirements
$174 fee
60,000 points
$6,000 min credit limit
Spend $4,000 in 90 days
$99 first year annual fee, $175 thereafter
2nd Year Bonus 20,000 bonus points, $175 annual fee.
Offer Expires in 3 months (31/07/24)
Modified 02/03/24
43.
Qantas points
$80 profit after meeting spend requirements
$370 fee
90,000 points
$15,000 min credit limit
Spend $6,000 in 90 days
Offer Expires in 3 months (31/07/24)
Modified 02/03/24
44.
Qantas points
$80 profit after meeting spend requirements
$370 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 3 months (31/07/24)
Modified 02/03/24
45.
Qantas points
$51 profit after meeting spend requirements
$349 fee
80,000 points
Spend $3,000 in 90 days
$349 first year annual fee, $399 thereafter
Offer Expires in 14 days (01/05/24)
Modified 10/11/23
46.
Qantas points
$22 profit after meeting spend requirements
$178 fee
40,000 points
$6,000 min credit limit
Spend $4,500 in 90 days
Offer Expires in a month (29/05/24)
Modified 02/03/24
47.
Flybuys points
$0 loss after meeting spend requirements
$0 fee
$1,000 min credit limit
Spend $0 in 0 days
Modified 02/03/24
48.
Qantas points
$-49 loss after meeting spend requirements
$349 fee
60,000 points
Spend $3,000 in 90 days
$349 first year annual fee, $399 thereafter
Offer Expires in 14 days (01/05/24)
Modified 10/11/23
49.
Qantas points
$-63 loss after meeting spend requirements
$288 fee
45,000 points
$3,000 min credit limit
Spend $4,500 in 90 days
Modified 2024-04-07T06:38:07.418Z
50.
Qantas points
$-100 loss after meeting spend requirements
$350 fee
50,000 points
$10,000 min credit limit
Spend $6,000 in 90 days
2nd Year Bonus 20,000 bonus points, $350 annual fee.
Modified 02/03/24
51.
Qantas points
$-138 loss after meeting spend requirements
$288 fee
30,000 points
$3,000 min credit limit
Spend $4,500 in 90 days
Modified 02/03/24
52.
American Express points
$-116 loss after meeting spend requirements
$1,450 fee
150,000 points
Spend $5,000 in 90 days
$450 Travel Credit extra bonus.
$84 Amazon Prime subscription Credit extra bonus.
Very High annual fee $1,450 annual fee.
Offer Expires in 2 months (25/06/24)
Modified 2024-04-14T00:39:21.915Z
53.
Qantas points
$-249 loss after meeting spend requirements
$749 fee
100,000 points
$20,000 min credit limit
Spend $7,500 in 60 days
Modified 2024-03-08T03:13:12.418Z
54.
Qantas points
$-450 loss after meeting spend requirements
$1,200 fee
150,000 points
Spend $5,000 in 90 days
Very High annual fee $1,200 annual fee.
Offer Expires in 14 days (01/05/24)
Modified 10/11/23
How credit card reward programs work
There are three basic parts
- Spend money, earn points
- Sign up points bonus
- 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:
- Creditsimple (Illion)
- Getcreditscore (Equifax)
- Creditsavvy (Experian)
