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Best Rewards Credit Cards

Are rewards credit cards worth it?

Getting rewarded for spending money sounds like an ideal scenario. But will a rewards card really give you bang for your buck? This short guide will take you through the things to think about before signing up for a new rewards credit card.

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35 listings

Qantas American Express Ultimate

Qantas American Express Ultimate

3.9 from 67 reviews
Purchase Rate20.74% p.a.
Annual FeeA$450 p.a.
Interest Free Period 44 days

Sign-Up Bonus Points55,000

  • Regular Bonus Point Offers

  • High Points Earn Rate

  • Uncapped Annual Points Accrual

  • $450 annual Qantas Travel Credit

  • Two complimentary Qantas Lounge invitations

  • High Annual Fee ($450)

  • 1% Balance Transfer Establishment Fee

  • $65,000 minimum income requirement

  • Reviewers commonly complain that AmEx is not accepted everywhere

  • Transparency
    4.2 (38)
  • Customer Service
    4.5 (40)
  • Rates and Fees
    3.5 (40)
  • Rewards
    4.5 (39)
  • Online Experience
    4.2 (38)
  • Application Process
    4.4 (41)
  • BenefitsComplimentary Travel Insurance, Sign-Up Bonus Points Offer and Travel Credit
  • Minimum Credit Limit A$3,000
  • Minimum Income A$65,000
  • Rewards ProgramQantas Frequent Flyer
  • Points Earn Rate 1.25 points per $1
  • Contactless PaymentsApple Pay, Google Pay and Samsung Pay
Commonwealth Bank Diamond Awards

Commonwealth Bank Diamond Awards

3.5 from 41 reviews
Purchase Rate20.24% p.a.
Annual FeeA$349 p.a.
Interest Free Period 55 days

Sign-Up Bonus Points100,000

  • 100,000 Bonus Points on offer

  • Earn 1.25 Awards Points per $1

  • International Travel Insurance included

  • Cashback offers with Mastercard Travelers Rewards

  • $349 Annual Fee

  • 3% International Transaction Fee

  • Minimum Credit Limit of $15,000

  • Transparency
    4.0 (28)
  • Customer Service
    4.3 (30)
  • Rates and Fees
    3.3 (31)
  • Rewards
    3.4 (28)
  • Online Experience
    4.3 (29)
  • Application Process
    4.1 (24)
  • BenefitsComplimentary Travel Insurance and Sign-Up Bonus Points Offer
  • Minimum Credit Limit A$15,000
  • Maximum Credit Limit A$50,000
  • Rewards ProgramCommBank Awards
  • Points Earn Rate 1.25 points per $1
  • Contactless PaymentsApple Pay, Fitbit Pay, Garmin Pay, Google Pay and Samsung Pay
American Express Explorer

American Express Explorer

4.2 from 14 reviews
Purchase Rate20.74% p.a.
Annual FeeA$395 p.a.
Interest Free Period 55 days

Sign-Up Bonus Points150,000

  • Up to 150,000 bonus Membership Rewards points on offer

  • $400 Travel Credit each year

  • Two complimentary entries per year to the American Express Lounge at Sydney or Melbourne International Airports

  • Earn up to 2 Membership Rewards points per $1

  • Complimentary Travel Insurance

  • $395 Annual Fee

  • 1% Balance Transfer Fee

  • Transparency
    4.2 (13)
  • Customer Service
    4.6 (12)
  • Rates and Fees
    3.5 (13)
  • Rewards
    4.0 (12)
  • Online Experience
    4.4 (13)
  • Application Process
    4.7 (11)
  • BenefitsComplimentary Travel Insurance, Sign-Up Bonus Points Offer and Travel Credit
  • Minimum Credit Limit A$3,000
  • Minimum Income A$65,000
  • Rewards ProgramAmerican Express Membership Rewards
  • Points Earn Rate 2 points per $1
  • Contactless PaymentsApple Pay, Fitbit Pay, Google Pay and Samsung Pay
American Express Platinum

American Express Platinum

3.0 from 46 reviews
Annual FeeA$1,450 p.a.
Interest Free Period 44 days

Sign-Up Bonus Points200,000

  • Up to 200,000 bonus Membership Points on offer (see Details)

  • No pre-set spending limit

  • Card is made of metal

  • 2.25 Membership Rewards points per $1 spent

  • $1,450 Annual Fee

  • Minimum required income of $100,000

  • Transparency
    3.2 (29)
  • Customer Service
    3.7 (30)
  • Rates and Fees
    2.4 (29)
  • Rewards
    3.1 (26)
  • Online Experience
    3.4 (28)
  • Application Process
    3.8 (24)
  • BenefitsComplimentary Travel Insurance, Sign-Up Bonus Points Offer and Travel Credit
  • Minimum Income A$100,000
  • Rewards ProgramAmerican Express Membership Rewards
  • Points Earn Rate 2.25 points per $1
  • Contactless PaymentsApple Pay, Fitbit Pay, Google Pay and Samsung Pay
David Jones American Express

David Jones American Express

2.7 from 67 reviews
Purchase Rate20.74% p.a.
Annual FeeA$99 p.a.
Interest Free Period 44 days

Sign-Up Bonus Points30,000

  • 30,000 Reward Points or 15,000 Qantas Points on offer

  • Earn up to 3 Reward Points or 1.5 Qantas Points per dollar (1 Reward Point = 0.5 Qantas Points)

  • 3% Currency Conversion Fee

  • $99 Annual Fee

  • Transparency
    3.4 (20)
  • Customer Service
    3.4 (21)
  • Rates and Fees
    2.9 (22)
  • Rewards
    3.3 (22)
  • Online Experience
    3.4 (21)
  • Application Process
    3.7 (21)
  • BenefitsSign-Up Bonus Points Offer
  • Minimum Credit Limit A$2,000
  • Minimum Income A$40,000
  • Rewards ProgramAmerican Express Membership Rewards and Qantas Frequent Flyer
  • Points Earn Rate 3 points per $1
  • Contactless PaymentsApple Pay, Google Pay and Samsung Pay
ANZ Rewards

ANZ Rewards

2.8 from 54 reviews
Purchase Rate20.24% p.a.
Annual FeeA$80 p.a.
Interest Free Period 44 days

Sign-Up Bonus Points50,000

  • 50,000 Bonus Reward Points when you spend $1,000 on eligible purchases in the first 3 months from approval

  • 1 Reward Point per $1 spent on eligible purchases up to $1,000 per statement period

  • Up to 55 interest free days on purchases

  • 3% Overseas Transaction Fee

  • Lower earn rate of 0.5 Reward Points per $1 after the first $1,000 per statement period

  • Transparency
    3.9 (21)
  • Customer Service
    3.9 (20)
  • Rates and Fees
    3.1 (21)
  • Rewards
    4.2 (18)
  • Online Experience
    3.9 (20)
  • Application Process
    4.0 (16)
  • BenefitsSign-Up Bonus Points Offer
  • Minimum Credit Limit A$1,000
  • Minimum Income A$15,000
  • Rewards ProgramANZ Rewards
  • Points Earn Rate 1 points per $1
  • Contactless PaymentsApple Pay, Garmin Pay, Google Pay and Samsung Pay
Commonwealth Bank Platinum Awards

Commonwealth Bank Platinum Awards

3.0 from 34 reviews
Purchase Rate20.24% p.a.
Annual FeeA$249 p.a.
Interest Free Period 55 days

Sign-Up Bonus Points80,000

  • 80,000 Bonus Awards Points on offer

  • Earn 1 Awards point for every $1 spent

  • International Travel Insurance included

  • $249 Annual Fee

  • 3% International Transaction Fee

  • Points are capped at 150,000 points per year

  • Transparency
    3.7 (21)
  • Customer Service
    4.0 (21)
  • Rates and Fees
    2.8 (21)
  • Rewards
    2.8 (17)
  • Online Experience
    4.0 (21)
  • Application Process
    4.0 (15)
  • BenefitsComplimentary Travel Insurance and Sign-Up Bonus Points Offer
  • Minimum Credit Limit A$6,000
  • Maximum Credit Limit A$50,000
  • Minimum Income A$50,000
  • Rewards ProgramCommBank Awards
  • Points Earn Rate 1 points per $1
  • Contactless PaymentsApple Pay, Fitbit Pay, Garmin Pay, Google Pay and Samsung Pay
American Express Platinum Edge

American Express Platinum Edge

2.6 from 63 reviews
Purchase Rate20.74% p.a.
Annual FeeA$195 p.a.
Interest Free Period 55 days

Sign-Up Bonus Points50,000

  • 50,000 Bonus Membership Rewards points on offer

  • $200 Travel Credit each year

  • Earn up to 3 Membership Rewards Points per $1

  • 0% p.a. on Balance Transfers for the first 12 months

  • Complimentary Travel Insurance

  • $195 Annual Fee

  • 1% Balance Transfer Fee

  • Transparency
    3.5 (10)
  • Customer Service
    3.5 (11)
  • Rates and Fees
    3.0 (11)
  • Rewards
    3.1 (9)
  • Online Experience
    3.7 (11)
  • Application Process
    4.0 (10)
  • BenefitsComplimentary Travel Insurance, Sign-Up Bonus Points Offer and Travel Credit
  • Minimum Credit Limit A$3,000
  • Minimum Income A$50,000
  • Rewards ProgramAmerican Express Membership Rewards
  • Points Earn Rate 3 points per $1
  • Contactless PaymentsApple Pay, Fitbit Pay, Google Pay and Samsung Pay
Westpac Altitude Black - Altitude Rewards Mastercard

Westpac Altitude Black - Altitude Rewards Mastercard

3.3 from 16 reviews
Purchase Rate20.49% p.a.
Annual FeeA$250 p.a.
Interest Free Period 45 days

Sign-Up Bonus Points150,000

  • 150,000 bonus Altitude points when you spend $4,000 on eligible purchases within 90 days of new card approval

  • Uncapped points earning

  • Lounge passes and travel insurance included

  • Annual fee of $250

  • Minimum credit limit of $15,000 may be too high for you

  • $75,000 minimum income required

  • Transparency
    3.6 (8)
  • Customer Service
    3.6 (10)
  • Rates and Fees
    2.6 (11)
  • Rewards
    3.6 (11)
  • Online Experience
    3.4 (10)
  • Application Process
    3.2 (9)
  • BenefitsSign-Up Bonus Points Offer
  • Minimum Credit Limit A$15,000
  • Maximum Credit Limit A$75,000
  • Minimum Income A$75,000
  • Rewards ProgramWestpac Altitude Rewards
  • Points Earn Rate 1.25 points per $1
  • Contactless PaymentsApple Pay, Fitbit Pay, Garmin Pay, Google Pay and Samsung Pay

Is part of...
Westpac Altitude Black · includes 6 listings
75 reviews
Qantas Premier Everyday

Qantas Premier Everyday

2.6 from 19 reviews
Purchase Rate19.99% p.a.
Annual FeeA$49 p.a.
Interest Free Period 55 days

Sign-Up Bonus Points20,000

  • 0% p.a. on Balance Transfers for 12 months

  • Earn up to 1 Qantas Point per $1 spent

  • 20,000 bonus Qantas Points on offer

  • Complimentary Travel Insurance

  • 3% Foreign Transaction Fee

  • Transparency
    3.1 (15)
  • Customer Service
    2.9 (14)
  • Rates and Fees
    2.8 (14)
  • Rewards
    3.4 (10)
  • Online Experience
    2.7 (15)
  • Application Process
    3.6 (13)
  • BenefitsComplimentary Travel Insurance and Sign-Up Bonus Points Offer
  • Minimum Credit Limit A$4,000
  • Maximum Credit Limit A$30,000
  • Minimum Income A$35,000
  • Rewards ProgramQantas Frequent Flyer
  • Points Earn Rate 1 points per $1
  • Contactless PaymentsApple Pay, Fitbit Pay and Samsung Pay
Qantas Premier Platinum

Qantas Premier Platinum

1.9 from 57 reviews
Purchase Rate19.99% p.a.
Annual FeeA$299 p.a.
Interest Free Period 55 days

Sign-Up Bonus Points100,000

  • Up to 100,000 Bonus Qantas Points & 75 Bonus Status Credits on offer if you apply by 24 February 2021

  • Earn up to 1.5 Qantas Points per $1 spent

  • 0% p.a. on Balance Transfers for 18 months

  • Complimentary Travel Insurance & Complimentary Lounge Invitations each year

  • $299 Annual Fee (reduced to $199 in your first year)

  • 3% International Transaction Fee

  • Transparency
    2.3 (51)
  • Customer Service
    2.2 (49)
  • Rates and Fees
    2.3 (44)
  • Rewards
    3.2 (37)
  • Online Experience
    2.1 (49)
  • Application Process
    2.8 (47)
  • BenefitsComplimentary Travel Insurance, Reduced First Year Annual Fee and Sign-Up Bonus Points Offer
  • Minimum Credit Limit A$6,000
  • Minimum Income A$35,000
  • Rewards ProgramQantas Frequent Flyer
  • Points Earn Rate 1.5 points per $1
  • Reduced First Year Annual Fee A$199
  • Contactless PaymentsApple Pay, Google Pay and Samsung Pay
Virgin Australia Velocity Flyer

Virgin Australia Velocity Flyer

1.9 from 75 reviews
Purchase Rate20.74% p.a.
Annual FeeA$129 p.a.
Interest Free Period 44 days

Sign-Up Bonus Points40,000

  • Multiple Promotional Offers to choose from (see Details below)

  • $129 Virgin Australia Gift Voucher each year

  • Earn Velocity Points at a rate of 0.66 points per $1 spent up to $1,500 per statement period

  • 3.3% International Transaction Fee

  • Earn Rate drops to 0.5 points per $1 spent after the first $1,500 per statement period

  • Transparency
    2.9 (22)
  • Customer Service
    2.8 (22)
  • Rates and Fees
    2.8 (21)
  • Rewards
    3.4 (18)
  • Online Experience
    2.8 (22)
  • Application Process
    3.8 (17)
  • BenefitsComplimentary Travel Insurance, Reduced First Year Annual Fee, Sign-Up Bonus Points Offer and Travel Credit
  • Minimum Credit Limit A$6,000
  • Maximum Credit Limit A$50,000
  • Minimum Income A$35,000
  • Rewards ProgramVelocity Frequent Flyer
  • Points Earn Rate 0.66 points per $1
  • Introductory Rate 0% p.a. for up to 14 months on purchases.
  • Reduced First Year Annual Fee A$65
  • Contactless PaymentsSamsung Pay
ANZ Frequent Flyer Black

ANZ Frequent Flyer Black

2.6 from 13 reviews
Purchase Rate20.24% p.a.
Annual FeeA$425 p.a.
Interest Free Period 55 days

Sign-Up Bonus Points120,000

  • 120,000 Bonus Point & $200 Cash Back Offer

  • Earn 1 Qantas Point per $1 spent on eligible purchases up to $7,500 per statement period

  • Complimentary Travel and Shopping Insurances

  • Two complimentary Qantas Club Lounge invitations every year

  • $425 Annual Fee

  • Points Earn Rate drops to 0.5 Qantas Points per $1 spent after the first $7,500 per statement period

  • 3% Foreign Transaction Fee

  • Minimum Credit Limit of $15,000 may be too high for you

  • Transparency
    3.1 (9)
  • Customer Service
    2.9 (10)
  • Rates and Fees
    2.3 (10)
  • Rewards
    3.4 (11)
  • Online Experience
    2.7 (10)
  • Application Process
    2.9 (8)
  • BenefitsCashback Offer, Complimentary Travel Insurance and Sign-Up Bonus Points Offer
  • Minimum Credit Limit A$15,000
  • Minimum Income A$75,000
  • Rewards ProgramQantas Frequent Flyer
  • Points Earn Rate 1 points per $1
  • Contactless PaymentsApple Pay, Fitbit Pay, Garmin Pay, Google Pay and Samsung Pay
NAB Qantas Rewards Premium

NAB Qantas Rewards Premium

2.2 from 19 reviews
Purchase Rate19.99% p.a.
Annual FeeA$250 p.a.
Interest Free Period 44 days

Sign-Up Bonus Points30,000

  • 30,000 Bonus Qantas Points when you spend $2,500 on everyday purchases within 60 days of account opening

  • Points Earn Rate: 1 Qantas Point per $1.50 up to $3,000 per statement period

  • 0% on Balance Transfers for 6 months

  • Seven complimentary insurances including Overseas Travel Insurance

  • $250 Annual Fee

  • 3% International Transaction Fee

  • 2% Balance Transfer Fee

  • Points Earn Rate drops to 1 Qantas Point per $3 after the first $3,000 per statement period

  • Transparency
    3.2 (6)
  • Customer Service
    2.8 (6)
  • Rates and Fees
    2.6 (5)
  • Rewards
    2.7 (6)
  • Online Experience
    3.3 (6)
  • Application Process
    3.3 (6)
  • BenefitsComplimentary Travel Insurance and Sign-Up Bonus Points Offer
  • Minimum Credit Limit A$6,000
  • Rewards ProgramQantas Frequent Flyer
  • Points Earn Rate 3 points per $1
  • Contactless PaymentsApple Pay, Fitbit Pay, Garmin Pay, Google Pay and Samsung Pay
NAB Rewards Platinum

NAB Rewards Platinum

2.3 from 16 reviews
Purchase Rate19.99% p.a.
Annual FeeA$194 p.a.
Interest Free Period 44 days

Sign-Up Bonus Points60,000

  • Earn up to 3 Points per dollar (see Details), uncapped

  • 0% p.a. on Balance Transfers for 6 months

  • Seven complimentary insurances, including Overseas Travel Insurance

  • $195 Annual Fee

  • 2% Balance Transfer Fee

  • 3% International Transaction Fee

  • Transparency
    2.8 (8)
  • Customer Service
    2.8 (9)
  • Rates and Fees
    2.9 (9)
  • Rewards
    3.6 (9)
  • Online Experience
    3.0 (8)
  • Application Process
    3.3 (8)
  • BenefitsComplimentary Travel Insurance and Sign-Up Bonus Points Offer
  • Minimum Credit Limit A$6,000
  • Rewards ProgramNAB Rewards
  • Points Earn Rate 1 points per $1
  • Contactless PaymentsApple Pay, Fitbit Pay, Garmin Pay, Google Pay and Samsung Pay
Suncorp Clear Options Platinum

Suncorp Clear Options Platinum

2.4 from 11 reviews
Purchase Rate20.74% p.a.
Annual FeeA$129 p.a.
Interest Free Period 55 days

Sign-Up Bonus Points100,000

  • 100,000 Bonus Points on offer

  • Earn 1.25 Rewards points per dollar spent

  • Complimentary International Travel Insurance and Extended Warranty Insurance

  • $129 Annual Fee

  • 3.4% International Transaction Fee

  • Balance Transfer Rate reverts to high Cash Advance Rate of 21.99% after 14 months

  • Transparency
    3.0 (9)
  • Customer Service
    2.7 (9)
  • Rates and Fees
    2.9 (10)
  • Rewards
    2.9 (9)
  • Online Experience
    2.6 (10)
  • Application Process
    2.9 (9)
  • BenefitsComplimentary Travel Insurance, Introductory Interest Rate, Reduced First Year Annual Fee and Sign-Up Bonus Points Offer
  • Minimum Credit Limit A$6,000
  • Maximum Credit Limit A$30,000
  • Rewards ProgramSuncorp Rewards
  • Points Earn Rate 1.25 points per $1
  • Contactless PaymentsApple Pay, Google Pay and Samsung Pay
Qantas American Express Premium

Qantas American Express Premium

4.0 from 3 reviews
Purchase Rate20.74% p.a.
Annual FeeA$249 p.a.
Interest Free Period 44 days

Sign-Up Bonus Points30,000

  • 30,000 bonus Qantas Points on offer

  • Earn up to 1 Qantas Point for every $1 spent

  • $249 Annual Fee

  • 3% Foreign Transaction Fee

  • BenefitsComplimentary Travel Insurance and Sign-Up Bonus Points Offer
  • Minimum Credit Limit A$2,000
  • Maximum Credit Limit A$50,000
  • Minimum Income A$40,000
  • Rewards ProgramQantas Frequent Flyer
  • Points Earn Rate 1 points per $1
  • Contactless PaymentsApple Pay, Fitbit Pay, Google Pay and Samsung Pay
St. George Amplify Signature - Amplify Rewards

St. George Amplify Signature - Amplify Rewards

4.0 from 3 reviews
Purchase Rate19.74% p.a.
Annual FeeA$279 p.a.
Interest Free Period 55 days

Sign-Up Bonus Points200,000

  • 200,000 Bonus Amplify Points on offer

  • Earn 1.5 Amplify Points for each dollar spent on eligible purchases, uncapped. Plus, receive Birthday Bonus Points

  • 0% pa. on Balance Transfers for 6 months

  • Complimentary Insurance Covers for Overseas Travel, Extended Warranty, Purchase Protection and Price Guarantee

  • 2 Complimentary Priority Pass Lounge Visits each year

  • $139 Annual Card Fee for the first year ($279 thereafter)

  • 3% Overseas Transaction Fee

  • Balance Transfer Rate reverts to high Cash Advance Rate of 21.49% after the first 6 months

  • Transparency
    4.0 (3)
  • Customer Service
    4.0 (3)
  • Rates and Fees
    3.7 (3)
  • Rewards
    5.0 (2)
  • Online Experience
    3.3 (3)
  • Application Process
    3.7 (3)
  • BenefitsReduced First Year Annual Fee and Sign-Up Bonus Points Offer
  • Minimum Credit Limit A$15,000
  • Rewards ProgramAmplify Rewards
  • Points Earn Rate 1.5 points per $1
  • Reduced First Year Annual Fee A$139
  • Contactless PaymentsGoogle Pay and Samsung Pay

Is part of...
St. George Amplify Signature · includes 2 listings
17 reviews
NAB Qantas Rewards Signature

NAB Qantas Rewards Signature

4.0 from 2 reviews
Purchase Rate19.99% p.a.
Annual FeeA$395 p.a.
Interest Free Period 44 days

Sign-Up Bonus Points130,000

  • Sign up and receive up to 130,000 Qantas Points and 75 Bonus Status Credits (see Details)

  • Points Earn Rate: 1 Qantas Point per $1 up to $5,000 per statement period

  • 0% p.a. on Balance Transfers for 6 months

  • Seven Complimentary Insurances, including Overseas Travel Insurance

  • $395 Annual Fee

  • 2% Balance Transfer Fee

  • 3% International Transaction Fee

  • Minimum Credit Limit of $15,000

  • Transparency
    4.0 (2)
  • Customer Service
    3.5 (2)
  • Rates and Fees
    3.0 (1)
  • Rewards
    4.5 (2)
  • Online Experience
    4.0 (2)
  • Application Process
    4.0 (2)
  • BenefitsReduced First Year Annual Fee and Sign-Up Bonus Points Offer
  • Minimum Credit Limit A$15,000
  • Rewards ProgramQantas Frequent Flyer
  • Points Earn Rate 1 points per $1
  • Reduced First Year Annual Fee A$295
  • Contactless PaymentsApple Pay, Fitbit Pay, Garmin Pay, Google Pay and Samsung Pay
Macquarie Bank Platinum - Qantas Rewards

Macquarie Bank Platinum - Qantas Rewards

4.0 from 1 review
Purchase Rate20.70% p.a.
Annual FeeA$249 p.a.
Interest Free Period 55 days

Sign-Up Bonus Points20,000

  • Receive 20,000 bonus Qantas Points when you spend $2,000 on eligible purchases within 60 days of approval

  • 0% p.a. balance transfer for 14 months

  • No international transaction fees

  • Need to spend ~$3,200 to receive a $20 gift card

  • BenefitsComplimentary Travel Insurance, No Foreign Transaction Fee, Reduced First Year Annual Fee and Sign-Up Bonus Points Offer
  • Minimum Credit Limit A$6,000
  • Minimum Income A$50,000
  • Rewards ProgramQantas Frequent Flyer
  • Points Earn Rate 1 points per $1
  • Reduced First Year Annual Fee A$99
  • Contactless PaymentsApple Pay, Fitbit Pay, Garmin Pay and Google Pay

Is part of...
Macquarie Bank Platinum · includes 2 listings
13 reviews
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