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.
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 - last updated 22 June 2024

Search promoted rewards credit cards below or do a full Mozo database search. Advertiser disclosure
  • Apply By 3 Sep 2024
    American Express Qantas Ultimate Card

    Qantas Frequent Flyer



    1.25 points up to 100,000 points/year, then
    1 point uncapped

    Earn up to 90,000 bonus Qantas Points* That’s 70,000 bonus Qantas Points when you apply online by 3rd September 2024, are approved, and spend $3,000 on eligible purchases on your new Card within the first 3 months. Plus, an additional 20,000 bonus Qantas Points in your second year upon fee renewal. Annual Card fee is $450. T&Cs apply. New Amex Card Members only.

  • American Express Qantas Premium Card

    Qantas Frequent Flyer



    1 point uncapped

    Receive 20,000 bonus Qantas Points when you apply, are approved, and spend $3,000 on eligible purchases on your new Qantas American Express Premium Card within 3 months of Card Membership. T&C’s apply. Available to new American Express Card Members only.

  • NAB Qantas Rewards Premium Card

    Qantas Frequent Flyer

    $250 $150 in the first year


    0.66 points up to $3,000/month, then
    0.33 points up to $6,000/month

    70,000 Bonus Qantas Points. Offer applies to a new NAB Qantas Rewards Premium Card when you spend $2,000 on everyday purchases within 60 days.

  • American Express Velocity Escape Card

    Velocity Frequent Flyer


    No current offer

    0.75 points uncapped

    Earn 1.75 Velocity Points on eligible purchases within Virgin Australia per $1 spent (T&Cs apply). Enjoy $0 Annual Card fee. Get the security of Card Refund and Purchase Cover. Up to 55 days interest free on purchases. Up to four additional Cards at no extra fee.


^See information about the Mozo Experts Choice Rewards Credit Card Awards

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