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:
| Card | Rewards Program | Bonus Points Offer | Offer End Date |
|---|---|---|---|
| ANZ Rewards Black | ANZ Rewards | 150,000 ANZ Rewards points if you spend $4,000 on eligible purchases in the first 3 months from approval. | NA |
| Qantas Premier Titanium | Qantas Frequent Flyer | 150,000 bonus Qantas Points if you spend $5,000 on eligible purchases in the first 90 days from approval. | 24/02/2021 |
| Westpac Altitude Black | Altitude | 150,000 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 February 27, 2021
Westpac Altitude Platinum
60,000 bonus Qantas Points ($3k min. spend in the first 90 days on eligible purchases). 0% p.a. for 18 months on balance transfers requested at card application. 1% balance transfer fee applies. Plus, discounted annual card fee of $99 for the first year. New cards only. T&Cs apply.
Rewards program
Annual fee
Bonus points
Earn rate per $1
Qantas Frequent Flyer$200 $99 in the first year60,0000.5 points uncappedCompareCompareAltitude Platinum
60,000 bonus Qantas Points ($3k min. spend in the first 90 days on eligible purchases). 0% p.a. for 18 months on balance transfers requested at card application. 1% balance transfer fee applies. Plus, discounted annual card fee of $99 for the first year. New cards only. T&Cs apply.
- Intro rate
- -
- Ongoing Purchase rate
- 20.49% p.a.
- Balance transfer rate
- 0% p.a. for 18 months and then 21.49% p.a. (1.00% balance transfer fee)
- Cash advance
- 21.49% p.a.
- Interest free days on purchases
- 45
- Foreign exchange
- 3.00%
- Late payment
- $15.00
- Points earning
- 0.5 points per dollar on Mastercard, uncapped
- Reward point expiry
- Never
- Bonus points
- 60,000
- Rewards
- Points
- 8,000 points
- 110,400 points
- 18,770 points
- Card Benefits
- Travel Insurance,
Extended Warranty,
Purchase Protection
Read our Mozo Review to learn more about the Altitude Platinum
American Express Qantas Ultimate Card
Receive 100,000 bonus Qantas Points when you apply online by 5 April 2021, are approved and spend $3,000 on your new Card within the first 3 months. T&Cs apply. New Card Members only. Mozo Experts Choice Qantas Frequent Flyer Premium Credit Card Winner 2020^. T&C’s apply
Rewards program
Annual fee
Bonus points
Earn rate per $1
Qantas Frequent Flyer$450100,0001.25 points uncappedCompareCompareQantas Ultimate Card
Receive 100,000 bonus Qantas Points when you apply online by 5 April 2021, are approved and spend $3,000 on your new Card within the first 3 months. T&Cs apply. New Card Members only. Mozo Experts Choice Qantas Frequent Flyer Premium Credit Card Winner 2020^. T&C’s apply
- Intro rate
- -
- Ongoing Purchase rate
- 20.74% p.a.
- Balance transfer rate
- No current offer
- Cash advance
- -
- Interest free days on purchases
- 44
- Foreign exchange
- 3.00%
- Late payment
- $30.00
- Points earning
- 1.25 points per dollar on Amex, uncapped
- Reward point expiry
- Never
- Bonus points
- 100,000
- Rewards
- Points
- 8,000 points
- 110,400 points
- 18,770 points
- Card Benefits
- Travel Insurance,
Purchase Protection,
Account alerts by SMS
Read our Mozo Review to learn more about the Qantas Ultimate Card
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$37550,0001.25 points uncappedCompareCompareVelocity 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 ^.
- Intro rate
- -
- Ongoing Purchase rate
- 20.74% p.a.
- Balance transfer rate
- No current offer
- Cash advance
- -
- Interest free days on purchases
- 55
- Foreign exchange
- 3.00%
- Late payment
- $30.00
- Points earning
- 1.25 points per dollar on Amex, uncapped
- Reward point expiry
- Never
- Bonus points
- 50,000
- Rewards
- Points
- N/A
- N/A
- 19,500 points
- Card Benefits
- Travel Insurance,
Purchase Protection,
Account alerts by SMS
Read our Mozo Review to learn more about the Velocity Platinum Card
Westpac Altitude Platinum
80,000 bonus Altitude Points ($3k min. spend in the first 90 days on eligible purchases). 0% p.a. for 18 months on balance transfers requested at card application. 1% balance transfer fee applies. Plus, discounted annual card fee of $99 for the first year. New cards only. T&Cs apply.
Rewards program
Annual fee
Bonus points
Earn rate per $1
Altitude Rewards$150 $99 in the first year80,0001 point uncappedCompareCompareAltitude Platinum
80,000 bonus Altitude Points ($3k min. spend in the first 90 days on eligible purchases). 0% p.a. for 18 months on balance transfers requested at card application. 1% balance transfer fee applies. Plus, discounted annual card fee of $99 for the first year. New cards only. T&Cs apply.
- Intro rate
- -
- Ongoing Purchase rate
- 20.49% p.a.
- Balance transfer rate
- 0% p.a. for 18 months and then 21.49% p.a. (1.00% balance transfer fee)
- Cash advance
- 21.49% p.a.
- Interest free days on purchases
- 45
- Foreign exchange
- 3.00%
- Late payment
- $15.00
- Points earning
- 1 point per dollar on Mastercard, uncapped
- Reward point expiry
- Never
- Bonus points
- 80,000
- Rewards
- Points
- N/A
- 212,000 points
- 24,100 points
- Card Benefits
- Travel Insurance,
Extended Warranty,
Purchase Protection
Read our Mozo Review to learn more about the Altitude Platinum
^See information about the Mozo Experts Choice Rewards Credit Cards Awards
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