Credit CardBonus Points OfferPoints / $1 SpendAnnual Fee
ANZ Rewards Black180,000 Points2$0*
St.George Amplify Signature200,000 Points1.5$279
Westpac Altitude Black150,000 Points1.25$250
American Express Platinum200,000 Points2.25$1,450
Coles Rewards30,000 Flybuys Points2$0*
American Express Essential-1.25$0

Collecting reward points on the monthly bills and everyday purchases you’d make anyway is a sweet deal. With some of the best rewards credit cards, you can exchange accumulated points for fab extras like free flights, gifts, and even cash back onto your account. 

Provided you choose the right card to suit your needs, pay the balance monthly to avoid interest charges, and ensure the reward value outweighs the cost of the card’s annual fee, you’ll be winning in no time.

You can even opt for a card that allows additional cardholders. This way, multiple people in your family/household can help those rewards build up faster. 

To help you find the best rewards credit card for your situation, we’ve put together a list of the top options available right now in Australia. You can also compare more rewards credit cards listed on our website.

ANZ Rewards Black

  • Bonus Points: 180,000 Reward points.

  • Points Per Spend: 2 Reward points per $1 spend on purchases of up to $5,000 per statement period and 1 Reward point thereafter - uncapped point earnings.

  • Annual Fee: $0 in the first year, then after $375 p.a.

Why We Like It

There’s nothing quite like the feeling of getting bonuses without having to spend more. Sign up for an ANZ Rewards Black card, and you might soon be redeeming rewards points for things like gift cards, travel, and cash to spend on that special something you’ve been coveting. 

Use the card to buy your standard monthly goods and pay for regular services, and then you can collect 2 reward points for each $1 spent on purchases up to $5,000 per statement period. Spend more than that per statement, and you’ll still earn 1 reward point for every $1 spent. Earning points are uncapped too. 

Rewards points are uncapped with this Black card, plus there’s currently a hot offer of 180,000 bonus points when you spend $2,000 on eligible purchases in the first 3 months after approval (offer only available to non-cardholders of ANZ Rewards cards or those who haven't held one within the last 12 months). It then takes 3 months to collect the points after meeting the spending criteria, so you could be saying hello to new goodies or free or discounted flights before you know it!

Reward points can be traded for frequent flyer benefits on several airlines. This list includes Air New Zealand Airpoints Dollars, Virgin Velocity points, Singapore Airlines KrisFlyer miles, or Asia Miles. 

ANZ’s Rewards Black credit card gives customers up to 55 days’ interest-free to pay their balance. The purchase rate is 20.24% p.a. and the minimum credit limit is $15,000.

Has a $0 annual fee offer in the first year then a reasonably hefty $375 annual fee after, though, so factor this into your decision-making.  


Extra Benefits

If you want to earn rewards points as quickly as possible, you can pay for up to 9 additional cardholders at $65 each. With rewards points being uncapped, this is worth the expense for many households.

You'll enjoy free international travel insurance, as well as interstate flight inconvenience cover. You also get your rental vehicle excess covered in Australia and transit accident insurance. 

Other benefits include complimentary access to Exclusives by ANZ so you can take advantage of limited entertainment offers.

Make sure you get help from your own 24/7 personal concierge when you need it, too. This perk is perfect for making travel, dining, entertainment, and other bookings.

Plus, cardholders get free purchase protection and extended warranty and can utilise the guaranteed pricing scheme when shopping for eligible goods.   


Income Eligibility

No set minimum income is required, but as noted above, the minimum credit limit for this card is $15,000. 


St.George Amplify Signature

  • Bonus Points: 200,000 Amplify points.

  • Points Per Spend: 1.5 Ampfliy Points per $1 spend on eligible purchases - uncapped point earnings.

  • Annual Fee: $279 p.a.

Why We Like It

Dreaming of your next trip away, when you can relax on a beach with a cocktail or explore the best cities in the world? If so, the St.George Amplify Signature card gives you Amplify points to trade for handy frequent flyer miles

Sign up for the card, and you can earn 100,000 Amplify points in year one and another 100,000 points in your second year. Note: you must spend $12,000 or more on eligible purchases annually to get these points. Offer is only available to new Amplify cardholders or those who haven't held one in the last 12 months. The points will be transferred to your account within 12 weeks of meeting the spending criteria. 

These points can translate into travel, the 200,000 Amplify points you can rack up over two years is equivalent to up to 100,000 Velocity points with Virgin or Singapore Airlines’ KrisFlyer program or cash it in for $900 worth of e-Gift cards. You’ll trade in 1 Amplify points for every 0.5 Velocity point or KrisFlyer mile

Each $1 you spend on eligible purchases on the card earns you 1.5 Amplify points. What’s even better is that points earnings are uncapped, unlike many cards. Plus, you can add one additional cardholder for free, speeding up your points-earning ability considerably. 

You’ll need to shell out a $279 annual fee. The purchase interest rate of the card is a standard 19.74% p.a. 


Extra Benefits

Kick back and relax while in transit with its 2 complimentary Priority Pass lounge visits per year.

Comes with free membership to Visa's Luxury Hotel Collection. Giving you privileges such as best available rates, complimentary room upgrades, and late check out of 3 pm at some of the hotels in the worldwide program.

Take advantage of 24/7 access to a concierge service to assist you with lifestyle planning and bookings, and nabbing tickets for the coolest events. 

It gives you included overseas travel insurance to enjoy your vacation rather than worrying about what happens if things go wrong.

You can shop with peace of mind, too, since the card offers purchase protection, best price guarantee, and extended warranty.  

As for mobile payments, you can use this card on Apple Pay.   


Income Eligibility

The minimum card limit is $15,000, so you’ll need to show you can handle this level of credit. However, no set minimum income is required. 


Westpac Altitude Black

  • Bonus Points: 150,000 Altitude points.

  • Points Per Spend: 1.25 Altitude points on eligible purchases. 2 points at major department stores, Spotify, Airbnb, and Uber. 6 points on the first $10,000 per month on flights purchased in Australia directly with major airlines, then 1.25 points thereafter.

  • Annual Fee: $250.

Why We Like It

A great card for people looking to maximise their spend at numerous outlets is the Westpac Altitude Black card.

Do you regularly shop at places like David Jones, Myer, and THE ICONIC? What about ordering in from Uber Eats, grabbing a lift with Uber, staying at Airbnb spots, and listening to tunes with Spotify Premium? If you do business with these companies, you should love this Westpac credit card. You’ll earn 2 Westpac Altitude points per dollar spent at these places and 1.25 points on eligible purchases at numerous other outlets. 

If you’re also hanging out for a holiday, this card enables you to earn 6 points per dollar on the first $10,000 per month spent on flights purchased in Australia, and then 1.25 points after that. This applies to flights booked directly with Qantas, Jetstar, Virgin Australia, Emirates, and Singapore Airlines. Better yet, points earnings are uncapped, so every dollar you spend gets you closer to your rewards goals. 

To give your tally a boost right away, take advantage of the current bonus offer of 150,000 Altitude points when you spent $4,000 or more on eligible purchases within 90 days of card approval. Be aware, though, that this offer isn’t an option for anyone who has any type of Westpac Rewards credit card already or who has held one in the past year. The points are then credited to your account within 12 weeks of meeting the spend criteria. 

The purchase interest rate is 20.49% p.a. and you get up to 45 days’ interest-free. The minimum credit limit is $15,000.

You’ll pay a $250 fee annually to have access to the card and its rewards offerings.  


Extra Benefits

Relax and put your feet up when in transit, using its yearly 2 Priority Pass airport lounge entries.

Utilise the free domestic and international travel insurance and 24/7 concierge service that also become available once you’re a cardholder.

For keen shoppers, stress-less knowing you get purchase protection and extended warranty (for Australian transactions) on eligible buys. 

We also love that this Westpac credit card is mobile-friendly. Take your pick of app options for Apple Pay, Fitpay, Google Pay, and Samsung Pay. 


Income Eligibility

The minimum income required is $75,000 for this card.


American Express Platinum

  • Points Per Spend: 2.25 points per $1 on everyday purchases & 1 point on government bodies in Australia - uncapped point earnings.

  • Bonus Points: 200,000 Reward points.

  • Annual Fee: $1,450.

Why We Like It

The American Express Platinum comes with a full range of extra benefits.

Sign up today online, and you can say hello to 150,000 bonus points, provided you spend $3,000 in the first 3 months, plus another 50,000 points in the second year upon annual fee renewal. Offer is only available to new customers or those who never held an Amex card in the last 18 months. It then takes only 8 to 10 weeks for the points to be credited to your account. 

The card is one of the more expensive options, costing $1,450 per annum.

For its annual fee, you collect 2.25 points per dollar spent on eligible purchases and 1 point on transactions with many Australian government departments. Happily, there’s no points earning cap to worry about, so the sky’s the limit with what you can rack up over a year. 

Treat yourself to a night or two away or a flight somewhere cool. Points can be converted to frequent flyer miles with several Amex Airline Award Partners, including Velocity Points and two different hotel programs. 

The American Express Platinum card provides 44 interest-free days per period, too.


Extra Benefits

A big plus of signing up for this credit card is that you automatically receive $450 worth of travel credit. Use this credit for car rental, hotel bookings, eligible flights, and more. 

You and a guest can enjoy being part of the American Express Global Lounge Collection. As part of this, you receive a Priority Pass membership that lets you and one other person relax in one of more than 1,300 airport lounges across 130-plus countries. What’s more, your additional cardholder gets the same deal. 

You’ll receive free entry into the Platinum International Airline Program. As a member, save big by taking advantage of discounts of up to 20% on First and Business class flights with Qantas, Virgin, Emirates, and some other airlines. 

Book through the Fine Hotels & Resorts Program available to cardholders, and you’ll receive accommodation benefits valued at up to $700. The program offers things like free room upgrades and 4pm late checkouts at close to 1,000 different 5-star properties globally.  

There's complimentary membership in the Accor Plus program, valued at $395 annually. On top, you’ll get Hotel Elite Status, American Express Invites, and a handy AFR digital subscription so you can stay on top of all the latest news (valued at $628 per year).

Need help with planning your experiences? Simply call your Platinum Concierge any time, day or night for free to get help with suggestions and bookings.

Cardholders enjoy helpful included insurances at no cost, too, like smartphone screen insurance, extended warranty, purchase protection, and refund protection.

You don’t have to worry about not being able to use your credit card on mobile devices, either. This AMEX can be set up to work with Apple Pay, Samsung Pay, and Google Pay.


Income Eligibility

The minimum income required is $100,000. Also, applicants must prove they have no history of bad debt or payment defaults.


Coles Rewards Mastercard

  • Points Per Spend: 2 Flybuys points per $1 spend on eligible purchases - uncapped point earnings.  

  • Bonus Points: 30,000 Flybuys points when you spend $1,000 on with card within 60 days from approval. 

  • Annual Fee: $0 in the first year, then $99 after. 

Why We Like It

Another contender for those who want to earn rewards for doing their weekly supermarket shopping is the Coles Rewards Mastercard. Currently has 30,000 Flybuys points when you spend $1,000 or more eligible purchases within 60 days from approval (offer available to new customers only and Flybuys account must be linked to card). After meeting the spending criteria the bonus points will quickly be credited to you within 4 weeks. 

This affordable credit card earns users 2 Flybuys points per $1 spend on general purchases of up to $3,000 and 1 Flybuys point thereafter.  

Once you accumulate 2,000 Flybuys, you’ll automatically redeem $10 off your Coles supermarket shop at the checkout, too. 

This card’s purchase interest rate is 19.99% p.a. and has a no annual fee offer in the first year, then after the $99 annual fee is affordable for most. 


Extra Benefits

When travelling overseas, one of the costs that can add up way more quickly than we’d like is foreign transaction fees. Thankfully, this Coles card will save you money with no foreign transaction fees on international transactions.

Plus, you can use the free 24/7 worldwide concierge service to book flights or accommodation when you’re overseas or for other help as needed. 

The credit card allows uncapped points earnings, which is a big plus, and it provides cardholders with the assurance of worldwide purchase protection on eligible items. (This cover is for the first 90 days, and for goods accidentally damaged or permanently lost or stolen.)

Can be used with Apple and Samsung Pay for transactions on the go, too. 


Income Eligibility

The minimum income required is a very low, and student-friendly, $25,000.


American Express Essential

  • Points Per Spend: 1.25 points per $1 on everyday purchases - uncapped point earnings. 

  • Extras: Low purchase rate of 14.99% p.a. 

  • Annual Fee: $0.

Why We Like It

The American Express Essential is a few different credit card types combined into one.

The best parts are that it has no annual fee, a lower than usual interest rate of 14.99% p.a. and lets you earn rewards points when you spend. It's rare to see a credit card with these three features bundled together.

Cardholders earn 1.25 points per $1 spent on everyday purchases and 0.5 points per $1 spent on services such as utilities, insurance, telecommunications, and government bodies.

If you want to add other people to your card account, this AMEX allows up to 4 additional cardholders at no extra cost. 


Extra Benefits

You may appreciate that the American Express Essential card gives users added Smartphone Screen Insurance when using the AMEX to purchase their phone or set up the device contract. This cover provides you with up to $500 for screen repairs. 

If you buy a new laptop to write your novel on, the latest Apple AirPods, breathe easy knowing your card comess with Purchase Protection for 90 days. This cover is for eligible items only and up to $20,000 per year, with a maximum of $2,500 per claim and a $50 excess per claim. 

Another perk of applying for this card is that using it gives you access to American Express Invites to source pre-sale tickets and reserved seating for all those concerts and other events you’ve been marking on your calendar.

Also, this credit card can be set up for mobile payments with Apple Pay, Samsung Pay, and Google Pay.


Income Eligibility

The minimum income required is $40,000 with no history of bad debt or payment default. 


Check out other similar articles:

Best Frequent Flyer Credit Cards  

Top Premium Credit Cards

We hope you found our list of the best rewards credit cards in Australia for 2021 useful! Feel free to comment below with your thoughts.

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