5 credit card rewards hacks to earn you more in 2018
23 Jan 2018
If your New Year's resolution was to get more bang for your buck in 2018, finding a generous credit card that will provide you with some serious rewards is a great place to start.
But according to the 2017 Mozo Rewards Card Survey, the value of rewards cards has been trending downwards in recent years, with the average net value of a card revealed to be just $27 per year. So how can you find a card that’s truly rewarding?
Whether you’re interested in earning frequent flyer points, grabbing a cashback deal or just taking advantage of some handy complimentary card features, these five credit card hacks will make sure that your credit card (and your 2018) is as rewarding as possible.
1. Grab yourself a bumper sign on bonus
If you’re looking for a more rewarding credit card in 2018, one of the best places to start is by comparing bonus points offers. With anything from 30,000 all the way up to 100,000 frequent flyer or provider points on offer for new cardholders, all you’ll need to do is fulfill the conditions in order receive your points haul (usually a minimum spend).
For instance, the ANZ Frequent Flyer Black card currently has a 75,000 bonus Qantas Points offer for new cardholders who spend $2,500 on eligible purchases within the first three months. To put that in perspective, those points could get you a one way ticket to London with 15,000 points left over!
2. Maximise your points earning
Depending on your card, a standard points earning rate could be anything from 0.5 points per $1 spent to 1.5 points per $1, so maximising the number of points you earn by spending strategically on offers that give an even higher earn rate (how’s 2.5 points per $1 sound?) could really boost your stash.
But what are some of the most rewarding ways to spend? Again, it depends on your card, but making purchases overseas, at certain supermarkets, restaurants, hotels and even petrol stations could all attract a more generous points earning rate.
3. Get the most out of freebies
Many Aussies will be aware that their credit cards come with points earning potential and other perks like free flights, but did you know that piece of plastic in your pocket could also provide you with complimentary travel insurance and a whole heap of other handy benefits?
Platinum rewards cards generally offer a range of complimentary perks including concierge service, extended warranty on certain appliances purchased on the card, price protection and, perhaps most useful for frequent travelers, travel insurance. So to make sure you’re getting the most value and most rewarding experience out of your card, don’t forget about all of these useful extras.
4. Cash in on cashback offers
While earning points can be seriously rewarding, sometimes the most alluring credit card reward can just be cold hard cash. There are several ways you could be earning cashback on your card - simply by signing up for a new card or hitting a minimum spend in a certain time period.
For example, the Low Rate Credit Card from the Commonwealth Bank is currently offering new customers $300 cashback when they spend $1,000 within the first 90 days (if they apply by 4 February 2018).
5. Double your earning power
This may be the easiest hack of all, but many Aussies aren’t aware that they can have additional cardholders using the same card! Not every card allows multiple cardholders, but if you decide to opt for one that does with a partner or family member, that could mean a whole heap of extra points (and thus extra rewards).
So if you’ve decided to use of these hacks to make your 2018 as rewarding as possible, make sure you find yourself a piece of plastic to match your ambition at the Mozo rewards credit card comparison hub, or check out these great offers below.
Bumper bonus point earners - rates updated daily
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Promoted
Apply By 31 October 2019
Qantas MoneyQantas Money Qantas Premier Platinum
Receive up to 120,000 points (20,000 points each month for the first 6 months when spending more than $1.5k each month). $50 Wine voucher available with a $150 purchase. 0% p.a. on balance transfers for 18 months.
Qantas Frequent Flyer
$299 $199 in the first year
120,000
1 point up to $10,000/month, then
0.5 points uncapped-
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19.99% p.a.
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0% p.a. for 18 months and then 21.99% p.a.
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21.99% p.a.
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55
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3.00%
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$30.00
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1 point per dollar on Mastercard, up to $10,000 per month, then
0.5 points per dollar on Mastercard, uncapped -
Never
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120,000
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8,000 points
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110,400 points
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18,040 points
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• Concierge
• Travel Insurance
Read our Mozo Review to learn more about the Qantas Premier Platinum
Details Close
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Promoted
American Express
American Express Qantas Ultimate Card
For a limited time score 120,000 bonus Qantas Points when you apply online by 6 November 2019, are approved and spend $4,500 on your new card within the first 3 months. This offer is available to new card members only. For eligibility, simply earn above $65,000 and have a good credit score. Credit Card Provider of the Year in the Mozo Experts Choice Awards 2018.^ T&C’s apply
Qantas Frequent Flyer
$450
120,000
1.25 points uncapped
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20.74% p.a.
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0% p.a. for 12 months and then 20.74% p.a. (1.00% balance transfer fee)
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44
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3.00%
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$30.00
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1.25 points per dollar on Amex, uncapped
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Never
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120,000
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8,000 points
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110,400 points
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18,040 points
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• Travel Insurance
• Purchase Protection
• Account alerts by SMS
Read our Mozo Review to learn more about the Qantas Ultimate Card
Details Close
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Promoted
Apply By 31 October 2019
Qantas MoneyQantas Money Qantas Premier Everyday
Receive Up to 42,000 points (7,000 points each month for the first 6 months when $1k or more each month). With a low annual fee of $29 for the first year.
Qantas Frequent Flyer
$49 $29 in the first year
42,000
0.75 points up to $3,000/month, then
0.4 points uncapped-
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19.99% p.a.
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0% p.a. for 12 months and then 21.99% p.a.
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21.99% p.a.
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55
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3.00%
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$30.00
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0.75 points per dollar on Mastercard, up to $3,000 per month, then
0.4 points per dollar on Mastercard, uncapped -
Never
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42,000
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8,000 points
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110,400 points
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18,040 points
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• Concierge
• Travel Insurance
Read our Mozo Review to learn more about the Qantas Premier Everyday
Details Close
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Promoted
ANZ ANZ Frequent Flyer Black
Score 100,000 Bonus Qantas Points and $200 cash back to your new card by spending $4,000 in the first 3 months. Eligibility criteria, T&Cs, fees and charges apply. Winner Mozo Expert Choice Award 2018 - Premium Card Benefits.^
Qantas Frequent Flyer
$425
100,000
1 point up to $7,500/month, then
0.5 points uncapped-
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20.24% p.a.
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No current offer
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20.24% p.a.
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55
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3.00%
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$20.00
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1 point per dollar on Visa, up to $7,500 per month, then
0.5 points per dollar on Visa, uncapped -
Never
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100,000
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8,000 points
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110,400 points
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18,040 points
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• Concierge
• Extended Warranty
• Purchase Protection
• Guaranteed Pricing Scheme
• International Travel Insurance
Read our Mozo Review to learn more about the Frequent Flyer Black
Details Close
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Promoted
ANZANZ Rewards Travel Adventures Card
A complimentary return economy domestic flight operated by Virgin Australia (T&Cs apply) and two complimentary Single Entry Virgin Australia Domestic Lounge passes, each year until the card is cancelled. Winner Mozo Expert Choice Award 2018 - Travel Money.
ANZ Rewards
$225
75,000
1.5 points up to $2,000/month, then
0.5 points uncapped-
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20.24% p.a.
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No current offer
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20.24% p.a.
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55
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0%
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$20.00
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1.5 points per dollar on Visa, up to $2,000 per month, then
0.5 points per dollar on Visa, uncapped -
36 months
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75,000
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15,600 points
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239,200 points
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22,225 points
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• Concierge
• Extended Warranty
• Purchase Protection
• International Travel Insurance
• Guaranteed Pricing Scheme
Read our Mozo Review to learn more about the Rewards Travel Adventures Card
Details Close
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