Credit card rewards: Why now could be time to rack up points

While international travel is still a no-go for Aussies, there’s no reason to give up on credit card rewards points. 

Last month, the federal government extended the international travel ban by three months, changing the original end date from June 17 to September 17. However, some restrictions on domestic travel have been lifted, meaning it might be time to start exploring and rack up credit card points while you do it.   

With a rewards credit card, you could receive up to 2 points for every dollar you spend*. 

When you are able to book your next international holiday you could end up with a discounted or even free flight! 

REMEMBER: don’t just spend to get points. Simply, opt to use your rewards credit card on the spending you already intended to do. Also pay down your balance in full each month to avoid paying interest. 

Bonus points offers 

If you’re on the hunt for a new credit card or are looking to make the switch from your current rewards program, a bonus points offer might be the right way to go. 

According to the Mozo database, at the moment there are 65 different credit card bonus points offers ranging from 7,500 to 150,000 points. Each offer has its own set of approval, spending and card holding criteria. 

There are currently three cards that offer 150,000 bonus points, here’s a rundown: 

CardRewards ProgramBonus Points OfferOffer End Date
ANZ Rewards BlackANZ Rewards150,000 ANZ Rewards points if you spend $4,000 on eligible purchases in the first
3 months
 from approval.
NA
Qantas Premier TitaniumQantas Frequent Flyer150,000 bonus Qantas Points if you spend $5,000 on eligible purchases in the first 90 days from approval.24/02/2021
Westpac Altitude BlackAltitude150,000 bonus Altitude Points if you spend $4,000 on eligible purchases in the first 90 days from approval.05/08/202

Remember, the value of points differ from program to program. Similarly, don’t apply for a credit card just for the sake of getting points. Sometimes the cost of interest, annual fees and other charges attached to the card can outweigh the value of the points you receive. 

RELATED ARTICLE: Credit card costing you too much? APRA & RBA say shop around

*According to the rewards credit cards on the Mozo database and excluding special promotions.

Want to check out some more bonus points offers? Take a look at the cards below or jump over to our rewards credit cards comparison table

Bonus Points Offers - rates updated daily

Search promoted rewards credit cards below or do a full Mozo database search. Advertiser disclosure.
  • placeholder
    American Express Qantas Ultimate Card

    Receive 120,000 bonus Qantas Points plus 120 Status Credits when you apply, are approved, and meet the minimum spend criteria of $4,500 in the first 3 months. T&Cs apply. Available to new Card Members only.

    Rewards program
    Annual fee
    Bonus points
    Earn rate per $1
    Qantas Frequent Flyer
    $450
    55,000
    1.25 points uncapped
    Go to site
    Details
  • placeholder
    St.George Amplify Rewards Signature

    Earn up to 200,000 Bonus Amplify Rewards Points over 2 years (100k yr 1, 100k yr 2) when you spend $12k on eligible purchases each year. New cards only, Eligibility criteria and T&Cs apply. Offer ends 28th September 2021.

    Rewards program
    Annual fee
    Bonus points
    Earn rate per $1
    Rewards
    $279
    200,000
    1.5 points uncapped
    Go to site
    Details
  • placeholder
    Westpac Altitude Black

    Earn up to 150,000 bonus Altitude Points ($4k min. spend in the first 90 days on eligible purchases). 0% balance transfer for 18 months and 45 days interest free (rate then reverts to 21.49% after). 1% BT fee. $250 annual card fee.

    Rewards program
    Annual fee
    Bonus points
    Earn rate per $1
    Altitude Rewards
    $250
    150,000
    1.25 points uncapped
    Go to site
    Details
  • placeholder
    American Express Velocity Platinum Card

    Receive 50,000 bonus Velocity Points when you apply online, are approved and spend $3,000 on your new Card within the first 3 months. New Card Members Only Enjoy a complimentary domestic return flight with Virgin Australia to selected cities, each year after your first card spend. Credit Card Provider of the Year in the Mozo Experts Choice Awards 2020 ^.

    Rewards program
    Annual fee
    Bonus points
    Earn rate per $1
    Velocity Frequent Flyer
    $375
    50,000
    1.25 points uncapped
    Go to site
    Details

^See information about the Mozo Experts Choice Credit Card Awards

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