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Qantas Rewards Credit Cards Guide
How We Rank the Qantas Rewards Cards
At Kredmo, we use a data-driven Value Methodology to rank every card on this page:
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Sign-Up Bonus Impact: We analyze the true value of 100k+ bonus Qantas points or cash-back offers after meeting minimum spend. -
Points Weighted Earn Rate: We calculate the "dollar per Qantas points" value from from actual aveage Australian household spending splits (e.g., 35% Groceries, 15% Fuel, 20% Utilities) to show to best estimate what you could earn. -
Capped and Uncapped Points: We calculate the earn rate caps or "Tiered Earn Rates" for cards with both spending amount maximums and point earning maximums. -
Redeem Points Dollar Value: We calculate the dollar value from earned rewards points for reach rewards program for each redeem category cash back, gifts cards, domestic and international flights. -
Cost Efficiency: We factor in the cost of the annual fee so to evaluate whether your rewards earned outweigh the annual fee or not to reveal the Year 1 Net Profit. Ensuring your rewards are an asset, not an expense.
How Kredmo Calculates Your Net Rewards $ Value
At Kredmo, we believe transparency is the key to choosing the right credit card. Our Net Rewards $ Value is a data-driven estimate of the net Rewards financial benefit you could receive during your first year of card membership.
We use a specific three-step formula to convert complex bonus points or cashback offers into a clear dollar figure:
1Sign-Up Bonus Valuation: We convert the headline bonus points (e.g., 100,000 points) into a dollar value based on a conservative redemption average of 0.5 to 1.0 cents per point. This represents the standard "floor value" for redemptions like digital gift cards and cashback in the Australian market.- 2Annual Spend Projections: We calculate the points earned from your projected annual spending based on the card's specific earn rate (e.g., 1.25 points per $1 spent). We then convert
these points into their equivalent dollar value to show what your "monthly" spending is actually worth. - 3The 'Net Value' Deduction: To find the final figure, we subtract the first-year annual fee from the total sum of points and cash back expected to be earned. The resulting Rewards $ Value shown in our table represents your true "New Rewards $ Value"—in terms of Reward points and cash back of the value you receive after the card has paid for itself.Note: Our calculations assume you pay your statement balance in full each month. Because rewards credit cards carry high interest rates (often 20% p.a. or more), interest charges are not factored into this value as they would quickly negate the benefits earned.
Got Questions?
We've Got Answers
Qantas Points are the loyalty points of the Qantas Frequent Flyer program. They are earned by making purchases with a Qantas Rewards credit card and redeemed for a variety rewards such as cashback, flights, gift cards and more.
For every dollar spent on eligible purchases earns you points. The rate at which you earn points varies depending on the type of purchase and the card you use.
• Qantas Rewards can be redeemed for flights, flight upgrades, hotel bookings, car rentals, shopping, and a range of other products and services available through the Qantas Frequent Flyer program.
Yes, different banks offer different cards, each with its own set of benefits, point earning rates, and features. Some credit cards provide additional benefits such as complimentary travel insurance, lounge access, travel credits, and free Qantas frequent flyer membership.
Absolutely! Points can be redeemed for hotel stays, car rentals, gift cards, and Qantas Store merchandise, among other things.
• Qantas Rewards points do not expire as long as you are still earning or using the points at least once every 18 months. If your account has no activity for 18 months, your points may expire.
The annual fee for most Qantas rewards credit cards varies depending on the card. Some premium cards with higher earning rates and additional benefits have higher fees can range up to $1,200 per annum fee while other lower point earn rates can have an annual fee as low as $0.
Consider the annual fee, the points earning rate, bonus point offers, the interest rate, and any additional benefits such as travel insurance or lounge passes. Compare these to your spending habits and travel objectives.
You can apply online by visiting the bank's website. You must provide personal and financial information, as well as meet eligibility requirements such as income and credit score.
Many Qantas rewards cards offer sign-up bonuses, like extra points for meeting a minimum spend in the first few months.
Yes, you can link the credit card to your existing Qantas Frequent Flyer account during the application process.
It is determined by your spending and the earning rate of the card. High spenders and cardholders with high earning rates can rack up points faster.
Redemption is dependent on availability, particularly for flights. There may be some blackout dates and other restrictions. Qantas points are valuable when redeemed for travel services.
If you plan to redeem your Qantas rewards for gift cards then using a standard rewards credit card would provide a higher value.
Why Trust
Kredmo?
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80+ Cards Compared: We track over 20+ Australian providers to give you a full market view, not a filtered one. -
User-First Logic: Our rankings are built on data-driven “Value Methodology,” not whether we have a partnership with provider or not. -
Total Independence: We show you the best credit cards currently available in the Australian market and give you the tools to make the best decision for your unique financial journey. -
Licensed: We operate under ACL 518788.