How to get savvy with present buying and still feel the joy of gift-giving

Do you love the feeling you get when you buy a present for your friends, family members or even furr-kids? Well it turns out you’re not alone, in fact as a nation us Aussies are pretty generous folk, spending a whopping $19.8 billion on gifts every year.

A recent study by the Financial Planning Association of Australia shows that 85% of us love giving more than receiving, but despite our nation’s generous heart, we’re not particularly savvy when it comes to budgeting for these thoughtful presents. 

In fact three out of four Aussies don’t budget for gifts at all, meaning that billions of hard earned household dollars are being spent every year without any planning. As FPA CEO, Dante De Gori said, there’s “an obvious opportunity to increase our nation's financial literacy and awareness of the benefits of budgeting, financial planning, and giving in a way that brings joy without debt or regret”.

RELATED ARTICLE: How do I redeem credit card rewards points?

So how can you get more savvy when it comes to gift giving?

Put more planning into your gift giving: give yourself a set budget for birthdays, weddings, Christmas and even spontaneous present buying. 

One way to buy presents and keep to a budget is to think about giving in a more sustainable and conscientious way. Why not give an experience rather than a thing? Or you could get involved in the circular economy and re-gift an item that you no longer have any use for or reuse wrapping paper and gift bags. Not only will your bank account benefit, but so will the planet.

Set up a savings account purely for gift giving: you could even set up a separate account to keep track of what you’re spending on presents.

 Setting up a savings account dedicated to all those spontaneous presents could help you think about how much you’re spending on gifts every year, every month or even every week. If you put a certain amount into your savings account once a month then you can keep track of how much you’re spending and better budget for all those special occasions throughout the year.

Invest in a rewards credit card: with a rewards credit card you can treat your loved ones without putting a dent in your finances, honestly it’s a win win. 

Research shows that cash and gift cards are becoming Australia’s go-to gift for all occasions, including birthdays, Christmas and weddings. 

With a rewards credit card you can earn points with your daily expenses, from purchasing groceries to booking flights for your next holiday. Once you have accrued enough points you can convert them into a gift card for you to gift to your friends and family. 

As most rewards cards come with an annual fee be sure to weigh up the cost with the yearly rewards, to figure out what card would benefit you the most. 

If you’re keen to start getting more savvy with your present buying why not head over to our rewards credit cards comparison page to see what what card would best suit your spending style and help you bag some sweet gift cards.

Compare rewards credit cards - last updated 18 September 2021

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  • Apply By 4 Oct 2021
    Black Card
    Rewards program
    Annual fee
    Bonus points
    Earn rate per $1
    Kogan Rewards Points
    $0
    No current offer
    1 point uncapped

    Kogan Money Black Card has no annual fee and no cap or expiry date on points. It comes with a 55 interest free days on purchases and a 0% balance transfer rate for the first 12 months. Earn up to $400 in Kogan.com Credit, $50 Credit on first eligible spend in 30 days and $350 Credit when you spend $1,500 on eligible purchases in 90 days from card approval.

    Details
  • Apply By 28 Oct 2021
    Rewards Card
    Rewards program
    Annual fee
    Bonus points
    Earn rate per $1
    PayPal Rewards
    $0
    50,000
    1 point uncapped

    Enjoy 50,000 bonus points (conditions apply). Receive 55 interest free days on purchases and 0% balance transfer rate for the first 20 months.

    Details
  • Apply By 30 Nov 2021
    Altitude Black
    Rewards program
    Annual fee
    Bonus points
    Earn rate per $1
    Altitude Rewards
    $250
    150,000
    1.25 points uncapped

    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. 1% BT fee. $250 annual card fee. New cards only. Offer ends November 30th 2021. T&C's and exclusions apply.

    Details
  • Qantas Rewards Signature Card
    Rewards program
    Annual fee
    Bonus points
    Earn rate per $1
    Qantas Frequent Flyer
    $395 $295 in the first year
    110,000
    1 point up to $5,000/month, then
    0.5 points up to $20,000/month

    NABs fastest way to earn Qantas Points. 110,000 bonus Qantas Points when you spend $3,000 on everyday purchases within 60 days of account opening and keep the card open for 12 months. Access to 6 complimentary insurances when you make eligible purchases.

    Details
  • Apply By 26 Oct 2021
    Explorer® Credit Card
    Rewards program
    Annual fee
    Bonus points
    Earn rate per $1
    Membership Rewards
    $395
    150,000
    2 points uncapped

    Receive 150,000 Bonus Membership Rewards Points when you apply online by 26 October 2021, are approved and spend $3,000 on your new Card within the first 3 months. T&Cs apply. New Card Members only.

    Details
  • Amplify Rewards Signature
    Rewards program
    Annual fee
    Bonus points
    Earn rate per $1
    Rewards
    $279
    200,000
    1.5 points uncapped

    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 November 30th 2021.

    Details
  • Apply By 13 Dec 2021
    Velocity Platinum Card
    Rewards program
    Annual fee
    Bonus points
    Earn rate per $1
    Velocity Frequent Flyer
    $375
    120,000
    1.25 points uncapped

    Receive 120,000 bonus Velocity Points and 120 Status Credits when you apply online by 13 December 2021, are approved and spend $4,500 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.

    Details
  • Velocity Escape Card
    Rewards program
    Annual fee
    Bonus points
    Earn rate per $1
    Velocity Frequent Flyer
    $0
    No current offer
    0.75 points uncapped

    Earn up to 1.75 Velocity Points. Have limited stress with the Velocity Escape with no annual fee. Credit Card Provider of the Year in the Mozo Experts Choice Awards 2020^. T&C’s apply

    Details
  • Apply By 30 Nov 2021
    Altitude Platinum
    Rewards program
    Annual fee
    Bonus points
    Earn rate per $1
    Qantas Frequent Flyer
    $200 $149 in the first year
    60,000
    0.5 points uncapped

    Earn up to 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% BT fee applies. $99 + $50 Annual Qantas Rewards card fee for the first year. New cards only. Offer ends November 30th 2021. T&C's and exclusions apply.

    Details
  • Qantas Rewards Premium Card
    Rewards program
    Annual fee
    Bonus points
    Earn rate per $1
    Qantas Frequent Flyer
    $250
    65,000
    0.66 points up to $3,000/month, then
    0.33 points up to $6,000/month

    65,000 bonus Qantas Points when you spend $2,500 within 60 days (T&Cs apply).

    Details
  • Apply By 20 Oct 2021
    American Express Platinum Card
    Rewards program
    Annual fee
    Bonus points
    Earn rate per $1
    Qantas Frequent Flyer
    $295
    35,000
    0.5 points uncapped

    Earn 35,000 Qantas Points or 70,000 Membership Rewards Points when you apply online by 20 October 2021, are approved and spend $1,500 at locations excluding David Jones on your new Card within the first three months. Available to new David Jones American Express Platinum Card Members only.

    Details
  • Amplify Qantas Platinum
    Rewards program
    Annual fee
    Bonus points
    Earn rate per $1
    Qantas Frequent Flyer
    $99
    60,000
    0.5 points uncapped

    Earn 60,000 bonus Qantas Points (min $3,000 spend in the first 3 months). New cards only, Eligibility criteria and T&Cs apply. Offer ends November 30th 2021.

    Details
  • Apply By 20 Oct 2021
    American Express Card
    Rewards program
    Annual fee
    Bonus points
    Earn rate per $1
    Membership Rewards
    $99
    50,000
    1 point uncapped

    Earn 50,000 Membership Rewards Points or 25,000 Qantas Points when you apply online by 20 October 2021, are approved and spend $1,500 at locations excluding David Jones on your new Card within the first three months. Available to new David Jones American Express Card Members only.

    Details
  • Amplify Qantas Signature
    Rewards program
    Annual fee
    Bonus points
    Earn rate per $1
    Qantas Frequent Flyer
    $279
    90,000
    0.75 points uncapped

    Earn 90,000 bonus Qantas Points - when you spend $6,000 on eligible purchases within 90 days of card approval (T&Cs apply)

    Details
  • Rewards Platinum Card
    Rewards program
    Annual fee
    Bonus points
    Earn rate per $1
    NAB Rewards
    $195
    60,000
    1 point uncapped

    Up to 60,000 bonus points (T&Cs apply). Also get 1 NAB reward point for every $1 spent on everyday purchases.

    Details
  • Amplify Rewards Platinum
    Rewards program
    Annual fee
    Bonus points
    Earn rate per $1
    Qantas Frequent Flyer
    $99
    60,000
    0.5 points uncapped

    Earn 60,000 bonus Qantas Points (min $3,000 spend in the first 3 months). New cards only, Eligibility criteria and T&Cs apply. Offer ends November 30th 2021.

    Details
  • Apply By 30 Nov 2021
    Altitude Platinum
    Rewards program
    Annual fee
    Bonus points
    Earn rate per $1
    Altitude Rewards
    $150 $49 in the first year
    130,000
    1 point uncapped

    Earn up to 130,000 bonus Altitude Points ($3k min. spend in the first 90 days on eligible purchases). 0% p.a. for 22 months on balance transfers requested at card application. 1% BT fee applies (rate reverts to the variable cash advance rate after). Discounted annual card fee of $49 for the first year ($150 thereafter). New Cards only. Offer ends November 30th 2021. T&C's and exclusions apply.

    Details
  • Qantas Discovery Card
    Rewards program
    Annual fee
    Bonus points
    Earn rate per $1
    Qantas Frequent Flyer
    $0
    10,000
    0.75 points uncapped

    Receive 10,000 bonus Qantas Points when you apply by online by 27 October 2021, are approved and spend $750 on your new Card within the first 3 months. Offer available to new Card Members only. Mozo Experts Choice Qantas Frequent Flyer Credit Card Winner 2020.

    Details
  • Qantas Premium Card
    Rewards program
    Annual fee
    Bonus points
    Earn rate per $1
    Qantas Frequent Flyer
    $249
    30,000
    1 point uncapped

    Receive 30,000 bonus Qantas Points when you apply online, are approved and spend $3,000 on your new Card within the first 3 months. T&Cs apply. New Card Members only. Credit Card Provider of the Year in the Mozo Experts Choice Awards 2020^.

    Details
  • Amplify Rewards Platinum
    Rewards program
    Annual fee
    Bonus points
    Earn rate per $1
    Rewards
    $99
    80,000
    1 point uncapped

    80,000 bonus Amplify Points (min $3,000 spend within 90 days. 0% p.a. for 15 months on balance transfers requested at card application (1% BT fee). New cards only, Eligibility criteria and T&Cs apply. Offer ends November 30th 2021.

    Details
  • Cashback Credit Card
    Rewards program
    Annual fee
    Bonus points
    Earn rate per $1
    Cashback Rewards
    $120 $0 in the first year
    No current offer
    1 point uncapped

    Get 5% Bonus Cashback in the first 3 months and no monthly fee for the first 12 months. Additional 1.5% cashback with American Express Shop Small Campaign (conditions apply). Complimentary perks and insurances. Eligibility criteria and T&Cs apply.

    Details
  • Amplify Rewards Signature
    Rewards program
    Annual fee
    Bonus points
    Earn rate per $1
    Rewards
    $279
    200,000
    1.5 points uncapped

    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 November 30th 2021.

    Details

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