| Credit Card | Sign-Up Bonus Offer | Points Per $1 Spend | Annual Fee |
|---|---|---|---|
| American Express Platinum | 225,000 Amex Points | 1 - 2.25 pts | $1,450 |
| ANZ Rewards Black | 180,000 ANZ Points & $100 back | 1 - 2 pts | $375 |
| NAB Qantas Rewards Signature | 130,000 Qantas Points & $250 back | 0.5 - 2 pts | $320* |
| Westpac Altitude Black | 200,000 Altitude Points or 150,000 Qantas/Velocity Points | 0.5 - 3 pts | $200* |
| St.George Amplify Signature | 160,000 Amplify Points | 0.5 - 3 pts | $0* |
| Qantas Amex Ultimate | 120,000 Qantas Points | 0.5 - 1.25 pts | $450 |
| Coles Rewards | 40,000 Flybuys Points | 1 - 3 Flybuys pts | $99 |
It's a great deal to be able to collect reward points on monthly bills and other everyday purchases you'd make anyway. Using some of the best rewards credit cards to make purchases allows you to redeem accumulated points for fab extras like free flights, gifts, and even cash back into your account.
You can even opt for a card that permits additional cardholders so that multiple members of your family/household can help build up those rewards faster.
To help you in finding the best reward points credit card for your needs, we’ve put together a list of the top options available right now in Australia.
Want to see and compare more rewards credit cards? You can always compare more rewards credit cards options on Kredmo.
First check, if a Rewards card is the right card for you?
Yes: If you will pay your full credit card statement balance off each month.
Likely Not: When you can't pay off your statement balance each month, which means you'll get hit with interest charges. In this case, a low or no interest rate card may be better suited. Here are some options; for low or zero interest rates on purchases forever check out Best Low Rate credit cards or for a short-term 0% purchase promo offer try Top Interest Free Offer credit cards. Or if you are already paying interest on an owing credit card balance, then you may want to look into a 0% Balance Transfer Rate Offer credit card.
American Express Platinum
Our Take
Best For: High Spenders & Luxury Travel Perks - The American Express Platinum is perfectly suited for those who want the absolute gold standard of premium travel rewards and don't mind paying a higher annual fee to get them.
What rewards type and benefits do you get: You earn flexible Amex Membership Rewards points. You get a massive welcome bonus of 225,000 points, uncapped point earnings on your everyday spending, and a mountain of travel luxuries.
Our favourite feature: How incredibly fast the points stack up! You get a whopping 2.25 points for every dollar you spend on normal everyday things.
Its Top Perks
◇ Uncapped Everyday Earning: Pocket 2.25 Amex Rewards points for every $1 you spend on regular shopping, and 1 point per $1 spent on government payments - with no limit on how many points you can make!
◇ Mega Welcome Bonus: Score 225,000 bonus points when you join online and spend $5,000 on eligible things in your first 3 months. (The offer is only available to new customers or those who never held an Amex card in the last 18 months. It then only takes 8 to 10 weeks for the points to be credited to your account.)
◇ Ultimate Travel Freedom: Trade your points for frequent flyer miles with lots of different Airline Award Partners (like Velocity) or use them for free stays across two major hotel networks.
◇ Unlimited Global Lounge Access: Hang out in style before your flight with unlimited visits to the American Express Global Lounge Collection! This includes a free Priority Pass membership giving you entry to over 1,900 airport lounges across 130+ countries, and you can bring a guest with you on most occasions. Best of all, your additional cardholder gets this exact same perk with unlimited visits for themselves and a guest, too!
◇ First & Business Class Discounts: Save big bucks on luxury travel with free entry into the Platinum International Airline Program, which gives you massive discounts on premium First and Business class seats with world-class airlines like Qantas, Virgin, and Emirates.
◇ $700 Luxury Hotel Benefits: Unlock VIP treatment at nearly 1,000 different 5-star hotels worldwide through the Fine Hotels & Resorts Program. You will get free perks valued up to $550 USD per stay, like room upgrades and 4pm late checkouts.
◇ Massive Bonus Subscriptions & Memberships: Get loaded up with free extra goodies, including a free Accor Plus membership (worth $349 a year), Hotel Elite Status, Amex Experiences, a digital premium subscription to The Australian newspaper for business news (worth $416 a year), and up to $84 back each year to cover your Amazon Prime membership.
◇ 24/7 Platinum Concierge: You can call your personal Platinum Concierge team for free at any hour of the day to help you look up awesome trip ideas or book event tickets and tables.
◇ Free Shopping Guard Insurance: Shop with more peace of mind thanks to built-in insurance that doesn't cost you a cent. It includes an extended warranty on things you buy, 90-day purchase protection against damage or theft, and 90-day refund protection with Australian stores.
What to Know Before You Apply
High Cost & Heavy Spend Needed: This card comes with a very high $1,450 annual fee, meaning it is only a good fit if you are a heavy monthly spender who will actually use the luxury travel perks to make the big upfront cost worth it.
Overseas Shopping Fee: Every time you use this card to buy something from an overseas store or while traveling abroad, you will be charged a 3% foreign transaction fee.
No Carrying a Balance: Unlike standard credit cards where you can pay just a little bit of your bill each month, this card requires you to pay off your entire statement balance in full every single month.
Strong Credit & High Income Required: Because this card comes with a premium $20,000 minimum credit limit and a $1,450 annual fee, you must have a flawless credit history alongside a very high, stable income to be approved.
ANZ Rewards Black
Our Take
Best For: All-Round Spending & General Travel - The ANZ Rewards Black card perfect for shoppers who want a massive stack of upfront bonus points alongside a high everyday earn rate, unlocking a great redemption value when converting bank points over to Velocity.
What rewards type and benefits do you get: You earn ANZ Reward Points. You get 180,000 bonus points, $100 back in your account, and a long time to pay off your bill without interest.
Our favourite feature: It is the ultimate "feel-good" starter bonus. You get a huge stack of points and cashback without having to change your normal habits.
Its Top Perks
◇ Double Points to Start: Earn a fast 2 Reward points for every $1 spent on your first $5,000 of shopping each month, and 1 point per $1 after that (with no overall cap on earnings).
◇ Double-Decker Welcome Prize: Grab 130,000 extra points plus $100 cashback when you spend $5,000 in the first 3 months, and another 50,000 points if you keep the card active for 15 months. This deal is for new ANZ Rewards cardholders only (no card held in the last 24 months). Points arrive within 3 months of hitting the spend goal, ready to use on free flights or fun goodies!
◇ Massive Rewards Menu: Swap your points easily for digital store gift cards, direct cash, or convert them to frequent flyer programs like Velocity, Singapore Airlines KrisFlyer, Asia Miles, or Air New Zealand Airpoints.
◇ Extra Time to Pay: Breathe easy with up to 55 interest-free days to take care of your monthly statement balance.
◇ Free Holiday & Travel Insurance: Jet off with total peace of mind! You and your family are covered with free international travel insurance, protection for flight delays, transit accident cover, and even insurance to cover rental car excess fees right here in Australia.
◇ VIP Concert & Event Invites: Get special access to "Exclusives by ANZ". This is your ticket to limited-edition entertainment offers, premium dining nights, and once-in-a-lifetime lifestyle experiences!
◇ 24/7 Personal Assistant: Need help booking a holiday or grabbing a table at a popular restaurant? Your free personal concierge is available day or night to handle all your travel, dining, and event bookings for you!
◇ Shopping Protection & Price Guards: Shop confidently knowing the things you buy are completely safe. You get free 90-day purchase protection against theft or damage, an extra year of extended warranty, and access to a guaranteed pricing scheme to help you get the best deal.
What to Know Before You Apply
Waiting for Your Full Bonus: The huge sign-up bonus points offer is split over a two-year period, meaning you won't get all of your prize points at the very beginning.
International Fee: Keep an eye on your overseas spending, as there is a standard 3% foreign transaction fee added to any purchases made outside of Australia or on international websites.
Good Credit & Stable Income: You must have a completely clean credit history to pass the bank check, along with proof of a steady job or reliable income to show you can easily handle the card's $375 annual fee and premium credit limits.
NAB Qantas Rewards Signature
Our Take
Best For: Qantas Frequent Flyers & Upfront Cashback - The NAB Qantas Rewards Signature card offers a massive shortcut to your next free flight reward while simultaneously putting direct cashback back into your pocket.
What rewards type and benefits do you get: You earn official Qantas Frequent Flyer points directly. You get up to 130,000 bonus Qantas points, a $250 statement credit, and extra point boosts on airline bookings.
Our favourite feature: The two-step bonus structure! It gives you a huge wave of points to start, and rewards you again just for celebrating your one-year card anniversary.
Its Top Perks
◇ Heavy Duty Point Earning: Earn 1 Qantas point for every $1 spent on daily shopping up to $5,000 a month, and 0.5 points per $1 up to a $20,000 monthly limit.
◇ Double-Dip Sign-Up Bonus: Score 100,000 bonus Qantas points and $250 cashback when you spend $5,000 in your first 90 days, plus an extra 30,000 points after keeping the card open for a year. (This offer is unavailable to existing NAB customers who have received or were entitled to receive NAB Qantas Rewards bonus points within the last 18 months.)
◇ Qantas Product Boost: Earn 1 extra bonus point for every single dollar you spend directly on eligible Qantas flights, lounge memberships, or flight services.
◇ Free Qantas Membership: If you aren't a Qantas Frequent Flyer member yet, this card signs you up completely for free-saving you the standard $99.50 joining fee!
◇ Safety While Flying: Rest easy on your trips with automatic International Travel Insurance and Interstate Flight Inconvenience Insurance built right into the card.
◇ Your Own 24/7 Personal Assistant: You get a personal concierge available day or night to do all the planning for you, plus easy online booking perks through Visa Entertainment!
◇ Extra Free Insurance When Shopping: Buy things with more confidence. This card protects your new items with free 90-day purchase protection against damage or theft and up to an extra year of extended warranty to help you get the best deal.
What to Know Before You Apply
Higher Overseas Fee: If you love shopping online from global brands or traveling the world, keep in mind that this card charges a 3.5% foreign transaction fee - which is a bit higher than the usual market average.
Credit History: You must have a good credit rating with no defaults.
Income & Minimum Limit: You must have a steady, verifiable income to support the card's $420 standard annual fee and minimum credit limit requirement of $15,000.
Westpac Altitude Rewards Black
Our Take
Best For: All-Round Spending & Premium Travel Perks - The Westpac Altitude Black card gives high-velocity spenders ultimate control over their points transfers alongside premium perks like complimentary access to over 1,000 VIP airport lounges worldwide to elevate their global travel experience.
What rewards type and benefits do you get: You earn Altitude Points. You get a massive 200,000 point sign-up bonus, high point multipliers on international shopping, and complimentary airport lounge access - otherwise, you can choose their Altitude Rewards Black Velocity or Qantas card offers if you prefer to earn airline points directly.
Our favourite feature: The international point multiplier! If you love buying things from online global stores or traveling overseas, this card showers you with extra rewards.
Its Top Perks
◇ Global Spending Booster: Earn a huge 3 Altitude points for every single dollar you spend internationally, plus 2 points per $1 on everyday local shopping (drops to 0.5 points per $1 after spending $10,000 in a month).
◇ Giant Points Pack: Take home 200,000 bonus Altitude points when you meet the bank's initial spending criteria. (This offer is not available to anyone who has held an Altitude Platinum or Altitude Black card with Altitude Rewards, Qantas or Velocity in the past year. The points are then credited to your account within 12 weeks of meeting the spend criteria.)
◇ Discounted First-Year Card Fee: You only pay a $200 fee in your first year (or an even lower $99 if you are already a Westpac customer) to access all the card's awesome rewards. After the first year, the standard annual fee is $295.
◇ Two Free Airport Lounge Passes: Kick back, relax, and enjoy free snacks before you fly with two complimentary Priority Pass airport lounge visits every year.
◇ Travel Insurance & 24/7 Concierge: Travel with total peace of mind thanks to free international travel insurance, flight inconvenience cover, and rental car excess insurance in Australia. Plus, you get your own 24/7 personal concierge assistant to help you book holidays and dinners!
◇ Extra Long Shopping Protection: Shop with ultimate confidence. Your purchases are guarded with a massive 4 months of purchase protection against theft or damage, plus up to 2 extra years of extended warranty on eligible items bought in Australia.
What to Know Before You Apply
Two-Year Bonus Split: You will need to pack some patience, as the total welcome bonus points offer is split across two years rather than being handed to you all at once.
Monthly Point Speed-Limit: Your points-earning rate has a speed limit! Once you spend more than $10,000 in a single month, your reward rate drops down to 0.5 Altitude points per $1 spent for the rest of that month.
Less Time to Pay: This card only gives you 45 interest-free days to take care of your bill, which is 10 days less than the standard 55 days most other cards offer.
Foreign Currency Extra: There is a standard 3% foreign transaction fee applied to any purchases you make in a foreign currency or at overseas stores.
Good Credit & $75k Minimum Income: To get approved for this premium Black-tier card, you must have a great credit score alongside a steady income of at least $75,000 per year.
St.George Amplify Signature
Our Take
Best For: High All-Round Spending & Annual Lounge Passes - The St.George Amplify Signature card is an exceptional option for everyday shoppers who want a consistently high points-earning rate on daily spending alongside premium travel perks like complimentary airport lounge access and the flexibility to convert your points directly over to Velocity.
What rewards type and benefits do you get: You earn Amplify Points which can be easily converted over to Velocity points. You also get a massive 160,000 bonus points, excellent everyday and international spending multipliers, and luxury hotel benefits.
Our favourite feature: The premium lounge access! Getting two free Priority Pass lounge visits a year makes waiting at the airport feel like a holiday itself.
Its Top Perks
◇ Reliable Point Scaling: Earn 2 Amplify points on your regular daily spending, 1 point on all other standard purchases, and a boosted 3 points per $1 when spending overseas.
◇ Big Welcome Pack: You will pocket 100,000 Amplify points in your first year after spending $12,000 or more on eligible purchases, plus another 100,000 Amplify points in your second year when you hit that same $12,000 spend target again. (Offer is only available to new St.George Amplify cardholders or those who haven't held an Amplify card from St.George, Bank of Melbourne or BankSA within the last 24 months.)
◇ Cheaper First-Year Fee: New customers only pay a $199 fee in the first year, and it drops to just $99 if you are already a St.George customer. After that, the regular yearly fee is $295.
◇ Luxury Perks & Entry: Travel like a VIP with 2 free Priority Pass lounge visits every year (giving you access to over 1,900+ lounges globally) plus special access to the Visa Luxury Hotel Collection for cool bonuses like room upgrades and a 3pm late checkout at amazing hotels worldwide. Plus, you get a 24/7 personal concierge team to book your holidays, dinners, and concert tickets!
◇ Full-Scale Protection: Includes domestic & international travel insurance, purchase protection, and extended warranty.
◇ Free Extra Cardholder: You can add one family member or friend to your account for free. They get their own card, and all the points they earn go straight into your account to help you get prizes much faster!
What to Know Before You Apply
Monthly Spend Speed-Limit: If you are a massive spender, note that after you charge $10,000 to your card in a single month, your earning rate slows down to 0.5 Amplify points per $1 spent for the rest of that month.
Split Welcome Points: The big bonus points pack is distributed over a two-year period instead of hitting your rewards account all at the start.
Worldwide Transaction Fee: Buying items from overseas online shops or tapping your card while on vacation abroad will trigger a 3% foreign transaction fee.
Clean Credit & $75k Minimum Income: You need a completely spotless credit history with absolutely no defaults or bankruptcies, plus a steady income of at least $75,000 per year to apply for this card.
Qantas American Express Ultimate
Our Take
Best For: Serious Qantas Flyers & Travel Credits - The Qantas American Express Ultimate is built exclusively to fast-track your path to premium airline cabins while completely offsetting its annual fee via a direct yearly travel credit, making it an excellent companion for global travelers since it charges no foreign transaction fees on international spending.
What rewards type and benefits do you get: You earn direct Qantas Frequent Flyer points. You get a huge point bonus, a massive $450 Qantas travel credit every year, and free entry into fancy airport lounges.
Our favourite feature: The yearly $450 Qantas Travel Credit! It basically completely wipes out the cost of the card's annual fee if you already plan on booking a flight or holiday each year.
Its Top Perks
◇ Lightning-Fast Point Earning: Earn a huge 1.25 Qantas points for every $1 you spend on normal everyday things, and a boosted 2.25 points per $1 when you buy Qantas flights or gift vouchers.
◇ Huge Welcome Bonus Pack: Score 70,000 bonus Qantas Points when you apply as a new cardmember and spend $5,000 on eligible purchases in your first 3 months. Plus, an additional 50,000 Qantas points when you spend a further $5,000 on eligible purchases within the first 3 months of your second year. (Offer is only available to new customers and non-members of American Express credit cards for over 18 months and points credited 8 to 10 weeks after meeting the spend criteria.)
◇ $450 Travel Credit: Every year, you get a $450 digital credit to spend on Qantas flights, helping you pay for your next holiday getaway.
◇ VIP Airport Lounge Passes: Relax before you fly with 2 free passes to the premium Amex Lounges (at Sydney or Melbourne international airports) plus 2 free passes to standard Qantas Club lounges every single year.
◇ Zero Foreign Transaction Fees: This is an awesome card to use when traveling or buying things from global online shops, because it completely gets rid of the extra international transaction fees.
◇ Premium Holiday Protection: Enjoy peace of mind with built-in domestic and international travel insurance that protects you and your family when you pay for trips using your card.
◇ Extra Shopping Protections: Shop with peace of mind knowing your new items are covered by free 90-day purchase protection against damage or theft, plus a 90-day refund protection policy.
What to Know Before You Apply
Yearly Point Speed-Limit: Your point earning slows down slightly if you hit a certain milestone. Once you earn 100,000 Qantas points in a calendar year, your everyday earn rate drops to 1 Qantas point per $1 spent for the remainder of that year.
International Spending Fee: Any purchases made in foreign currencies or at overseas retail stores will come with a standard 3% foreign transaction fee added to the bill.
Good Credit & Strong Income: You must have a great credit history with zero recent financial defaults, along with a strong, stable income to show you can easily handle the card's $450 annual fee.
Coles Rewards
Our Take
Best For: Everyday Spending & Supermarket Savings - The Coles Rewards Mastercard is the ideal companion for families wanting to slash their weekly grocery bills with practical supermarket credits, while still offering a decent pivot into travel down the track thanks to its seamless points transfers over to Virgin Australia Velocity.
What rewards type and benefits do you get: You get an easy-to-use rewards card that earns Flybuys points on almost every dollar you spend, shopping insurance, and a 40,000 Flybuys points welcome bonus.
Our favourite feature: No limits on earnings! You don't have to worry about points expiring or capping out when doing big family grocery hauls.
Its Top Perks
◇ Supermarket Points Booster: Earn 2 Flybuys points on eligible purchases up to a $3,000 monthly spend (1 point per $1 after that), plus a bonus point on top whenever you shop at Coles.
◇ Handy Welcome Points Boost: Earn a solid 40,000 Flybuys points when you apply online and spend $3,000 on eligible purchases within the first 90 days from approval. (Offer is available to new Coles cardholders only.) Your bonus points arrive 2 months after hitting the spend.
◇ Affordable Yearly Fee: At just $99 a year, this card is a budget-friendly option that won't break the bank while you earn your rewards.
◇ 24/7 Worldwide Assistant: Enjoy free access to a personal concierge team anytime, day or night, from anywhere in the world to help you book flights, lock in holiday accommodation, or handle other tasks on your to-do list.
◇ Global Shopping Shield: Your purchases are completely safe with global purchase protection and extended warranty insurance covering accidental loss, theft, or damage for the first 90 days.
What to Know Before You Apply
Strict Monthly Point Cap: Your shopping rewards have a hard limit. You can only earn points on up to $8,000 of purchases per statement period - anything you spend over that amount won't earn any points.
Global Shopping Fee: Be aware that a 3% foreign transaction fee is charged whenever you use this card to buy products from overseas websites or while traveling outside of Australia.
Good Credit & Steady Income: You must have a solid credit history to pass the provider's checks, along with a steady income to show you can easily handle the card's budget-friendly $99 annual fee.
Check out other similar articles:
Best Frequent Flyer Credit Cards
We hope you found our list of the best rewards credit cards in Australia for 2026 useful! Feel free to comment below with your thoughts.
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