Do my rewards points expire when my credit card does?

If you’ve built up a decent amount of credit card rewards points, you’ll want to make sure you get to use them. Each credit card offers a different rewards system - with some cards allowing you to automatically earn Qantas Points, while other companies have their own points systems where you can earn points and later convert them into rewards - such as frequent flyer points.
But if your credit card expires, what does that mean for your hard-earned points?
Your credit card’s expiry date tells you when your physical card is about to expire, not your credit account, so as long as your rewards credit card account is open and active with your banking institution, your rewards points should be safe.
Can I lose my rewards points?
With some rewards programs, points do have expiry dates, so even if your card hasn't expired, you should check the policies of your credit provider to be sure that your points are safe long-term.
Some credit card companies also have caps on how many reward points you can earn within a certain time period. Make sure you double-check your card’s policy if you’re concerned that your dollars could be spent unrewarded.
Also, if you do decide to close your credit card account completely, or it gets closed due to inactivity, your points may still live on. Rewards points are sometimes available for a short amount of time after your account is deactivated, so check first before assuming that they are gone for good.
If you are interested in getting a new credit card that earns you rewards points, there are some options for you to check out below.
Rewards Credit Cards - last updated 5 July 2025
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Apply By 13 Jan 2026
American Express Qantas Ultimate Card
Qantas Frequent Flyer
$450
90,000
1.25 points up to 100,000 points/year, then
1 point uncappedEarn up to 90,000 bonus Qantas Points - that’s 70,000 bonus Qantas Points when you apply online by 13 January 2026, are approved, and spend $3,000 on eligible purchases on your new Qantas American Express Ultimate Card within the first 3 months. Plus, an additional 20,000 bonus Qantas Points when you spend min $1 on your Card within 90 days of paying your second year annual Card fee. T&Cs apply. New Amex Card Members only.
CompareCompareQantas Ultimate Card
Earn up to 90,000 bonus Qantas Points - that’s 70,000 bonus Qantas Points when you apply online by 13 January 2026, are approved, and spend $3,000 on eligible purchases on your new Qantas American Express Ultimate Card within the first 3 months. Plus, an additional 20,000 bonus Qantas Points when you spend min $1 on your Card within 90 days of paying your second year annual Card fee. T&Cs apply. New Amex Card Members only.
- Rewards program
- Qantas Frequent Flyer
- Annual fee
- $450
- Bonus points
- 90,000
- Earn rate per $1
- 1.25 points up to 100,000 points/year, then
1 point uncapped
- Intro rate
- -
- Ongoing Purchase rate
- 23.99% p.a.
- Balance transfer rate
- No current offer
- Cash advance
- -
- Interest free days on purchases
- Up to 44
- Foreign exchange
- 3.00%
- Late payment
- $30.00
- Points earning
- 1.25 points per dollar on Amex, up to 100000 points per year, then
1 point per dollar on Amex, uncapped
- Reward point expiry
- Never
- Bonus points
- 90,000
- Sydney to Melbourne
- 8000.0
- Sydney to London
- 110400.0
- $100 Gift card
- 20010.0
- Card Benefits
- Account alerts by SMS,
Card Purchase Cover ,
Travel Inconvenience Cover
- Rewards Bonus Points
- 1.25 points per dollar on everyday purchases. Earn 0.5 Qantas Points per $1 spent at government bodies, earn 2.25 Qantas Points per $1 spend on selected Qantas products and services.Exclusions apply. After a total of 100,000 Qantas Points is earned in a calendar year, the everyday earn rate will change from 1.25 to 1 Qantas Points per $1 spent.*
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Apply By 27 Jan 2026
American Express Essential® Rewards Credit Card
Membership Rewards
$108
40,000
1 point uncapped
Receive 40,000 Bonus Membership Rewards® Points when you apply online by 27 January 2026, are approved, and spend $3,000 on eligible purchases on your new American Express Essential® Rewards Credit Card within the first 3 months. T&Cs apply. Available to new American Express Card Members only.
CompareCompareEssential® Rewards Credit Card
Receive 40,000 Bonus Membership Rewards® Points when you apply online by 27 January 2026, are approved, and spend $3,000 on eligible purchases on your new American Express Essential® Rewards Credit Card within the first 3 months. T&Cs apply. Available to new American Express Card Members only.
- Rewards program
- Membership Rewards
- Annual fee
- $108
- Bonus points
- 40,000
- Earn rate per $1
- 1 point uncapped
- Intro rate
- -
- Ongoing Purchase rate
- 23.99% p.a.
- Balance transfer rate
- No current offer
- Cash advance
- -
- Interest free days on purchases
- Up to 55
- Foreign exchange
- 3.00%
- Late payment
- $30.00
- Points earning
- 1 point per dollar on Amex, uncapped
- Reward point expiry
- Never
- Bonus points
- 40,000
- Sydney to Melbourne
- 11800.0
- Sydney to London
- 320000.0
- $100 Gift card
- 25000.0
- Card Benefits
- Extended Warranty,
Account alerts by SMS
- Rewards Bonus Points
- Earn up to 5 points per $1 spent on eligible eat and drinks purchases, up to 3 points per $1 spent on selected streaming subscriptions, up to 2 points per $1 spent at selected major retailers.
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Coles No Annual Fee Mastercard
flybuys
$0
No current offer
0.5 points up to $5,000/month
No annual fee for the life of the card plus collect 1 Flybuys point per $2 on eligible purchases up to $5,000 in each Statement Period (T&Cs apply). Get access to complimentary travel insurance. Apple Pay, Samsung Pay and Google Pay compatible. Up to 44 days interest free on purchases when you pay your account in full by the monthly due date.
CompareCompareNo Annual Fee Mastercard
No annual fee for the life of the card plus collect 1 Flybuys point per $2 on eligible purchases up to $5,000 in each Statement Period (T&Cs apply). Get access to complimentary travel insurance. Apple Pay, Samsung Pay and Google Pay compatible. Up to 44 days interest free on purchases when you pay your account in full by the monthly due date.
- Rewards program
- flybuys
- Annual fee
- $0
- Bonus points
- No current offer
- Earn rate per $1
- 0.5 points up to $5,000/month
- Intro rate
- -
- Ongoing Purchase rate
- 20.74% p.a.
- Balance transfer rate
- No current offer
- Cash advance
- 20.74% p.a.
- Interest free days on purchases
- Up to 44
- Foreign exchange
- 3.00%
- Late payment
- $30.00
- Points earning
- 0.5 points per dollar on Mastercard, up to $5,000 per month
- Reward point expiry
- Never
- Bonus points
- No current offer
- Sydney to Melbourne
- 11800.0
- Sydney to London
- 320000.0
- $100 Gift card
- 20000.0
- Card Benefits
- -
- Rewards Bonus Points
- Earn an additional 1 point per dollar spent at Coles and other Flybuys partners when your card is scanned.
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Apply By 12 Aug 2025
American Express Velocity Platinum Card
Velocity Frequent Flyer
$440
60,000
1.25 points uncapped
Receive 60,000 bonus Velocity Points1 when you apply online by 12 August 2025, are approved, and spend $3,000 on eligible purchases on your new American Express Velocity Platinum Card within the first 3 months. T&Cs apply. Available to new American Express Card Members only.
CompareCompareVelocity Platinum Card
Receive 60,000 bonus Velocity Points1 when you apply online by 12 August 2025, are approved, and spend $3,000 on eligible purchases on your new American Express Velocity Platinum Card within the first 3 months. T&Cs apply. Available to new American Express Card Members only.
- Rewards program
- Velocity Frequent Flyer
- Annual fee
- $440
- Bonus points
- 60,000
- Earn rate per $1
- 1.25 points uncapped
- Intro rate
- -
- Ongoing Purchase rate
- 23.99% p.a.
- Balance transfer rate
- No current offer
- Cash advance
- -
- Interest free days on purchases
- Up to 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
- 60,000
- Sydney to Melbourne
- 5900.0
- Sydney to London
- 160000.0
- $100 Gift card
- 21278.0
- Card Benefits
- Account alerts by SMS,
Travel Inconvenience Cover (T&Cs apply, see 'Other restrictions')
- Rewards Bonus Points
- Earn 0.5 Velocity Points per $1 spent at government bodies, earn 2.25 Velocity Points per $1 spend on selected Virgin Australia products and services.
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