Mozo’s quick guide to racking up rewards points over Christmas

Kelly Emmerton

12 Dec 2018

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Between present shopping, sprucing up the Christmas tree (do baubles seem to disappear from the cupboard over the year, or is that just us?) and a trolley full of prawns for Christmas lunch, from now until December 25th, your credit card is likely to get a workout.

Which is why it’s the perfect opportunity to stack up a pile of rewards points! If you’re strategic about it, earning points doesn’t have to take as much time and effort as you might think, and you can start the new year with a nice little points stash built up.

Here’s our quick guide to 5 tactics you can use to build up rewards points fast this Christmas.

1. Put a bonus offer in your stocking

Kickstart your rewards point stash with a bumper bonus offer! There are heaps of great bonus point offers around at the moment which can net you more than a hundred thousand rewards points all in one go.

Just keep in mind that there are usually minimum spends to meet before you can collect these points - although the Christmas shopping bill could help you knock out that spend faster!

2. Put some shops on the nice list

Not all spends are equal when it comes to earning rewards points. With some cards, you can earn extra points per $1 by shopping at partner stores, big supermarkets or with partner airlines. For example, you’ll earn an extra 1 point per $1 spent on many Qantas rewards cards when you buy Qantas products or flights.

So be aware of what spends you’re putting on your rewards credit card, this Christmas. Paying for the flight to your parents home with your Frequent Flyer Rewards card could help plump up your points balance.

Qantas Frequent Flyer deals for Christmas - rates updated daily

  • Promoted

    Apply By 31 October 2019

    Qantas Money Qantas Premier Platinum

    Receive up to 120,000 points (20,000 points each month for the first 6 months when spending more than $1.5k each month). $50 Wine voucher & 0% p.a. on balance transfers for 18 months.

    Qantas Frequent Flyer

    $299 $199 in the first year

    120,000

    1 point up to $10,000/month, then
    0.5 points uncapped

    • -

    • 19.99% p.a.

    • 0% p.a. for 18 months and then 21.99% p.a.

    • 21.99% p.a.

    • 55

    • 3.00%

    • $30.00

    • 1 point per dollar on Mastercard, up to $10,000 per month, then
      0.5 points per dollar on Mastercard, uncapped

    • Never

    • 120,000

    • 8,000 points

    • 120,000 points

    • 17,120 points

    • • Concierge

      • Travel Insurance

    Read our Mozo Review to learn more about the Qantas Premier Platinum

    Details Close

  • Promoted

    American Express Velocity Platinum Card

    Receive up to 100,000 bonus Velocity Points when you apply by 15 July 2019, are approved and meet the minimum spend criteria – that’s 25,000 points for each month you spend $1,000 in the first 4 months. 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 2018.^

    Velocity Frequent Flyer

    $375

    100,000

    1.25 points uncapped

    • -

    • 20.74% p.a.

    • 0% p.a. for 12 months and then 20.74% p.a. (1.00% balance transfer fee)

    • 55

    • 3.00%

    • $30.00

    • 1.25 points per dollar on Amex, uncapped

    • Never

    • 100,000

    • 7,800 points

    • 119,600 points

    • 19,500 points

    • • Travel Insurance

      • Purchase Protection

      • Account alerts by SMS

    Read our Mozo Review to learn more about the Velocity Platinum Card

    Details Close

  • Promoted

    American Express Qantas Ultimate Card

    Receive 55,000 bonus Qantas Points when you apply online, are approved and spend $3,000 on your new Card within the first 3 months. This offer is available to new Card Members only. For eligibility, simply earn above $65,000 and have a good credit score. Credit Card Provider of the Year in the Mozo Experts Choice Awards 2018.^

    Qantas Frequent Flyer

    $450

    55,000

    1.25 points uncapped

    • -

    • 20.74% p.a.

    • 0% p.a. for 12 months and then 20.74% p.a. (1.00% balance transfer fee)

    • 44

    • 3.00%

    • $30.00

    • 1.25 points per dollar on Amex, uncapped

    • Never

    • 55,000

    • 8,000 points

    • 120,000 points

    • 17,120 points

    • • Travel Insurance

      • Purchase Protection

      • Account alerts by SMS

    Read our Mozo Review to learn more about the Qantas Ultimate Card

    Details Close

3. Make your card your Christmas shopping companion

Or, use your card wherever you go! Whether you’re on the Christmas lunch grocery run, buying presents at five different shops or treating the kids to a Friday night movie trip, flash your rewards plastic at the checkout to watch those points build up quicker.

Just remember to keep an eye on your balance and pay it off in full before the due date, so you don’t wind up stung with interest charges.

4. Make Christmas sending a family affair

While your own Christmas list might be top of mind this year, it pays to remember that everyone else is Christmas shopping too. That means your partner, mother, brother or sister’s spend could be going towards your points stash too.

If you’ve got a trusted family member who you can pool points with, look into getting a supplementary card for them. You can often get this card for free or for a small extra fee, and then spending on both cards will earn points to the one account. But remember, you’re responsible for paying off the purchases made on the supplementary card as well, so only give it to people you absolutely trust.

5. Play the Grinch with your credit card company

Another quick way to add a stack of rewards points to your stash is to play hardball with your card provider. You can call and say you’re thinking about cancelling your card, and ask if they’ll offer you some bonus points to stay. But be careful with this strategy - they might not offer anything, and then you’ll have to decide whether to go through with your bluff!

If you do this, it’s worth comparing other rewards card options in the market first - that way, you can use other offers as a bargaining tool, or if it really comes to it, you might decide to put your money where your mouth is and apply for a new credit card.

A word of warning…

When you’re piling up points, there are a few traps to be wary of. The main one is, never overspend just for the sake of earning more rewards points! It’s generally not worth it, and you’re better off just using the money you would have spent to buy the flights or gift cards you would have used your points on.

The other big thing to keep an eye on is your monthly balance. Rewards cards tend to have pretty high interest rates, and can sting you if you aren’t careful. Avoid racking up a credit card bill that you can’t pay off within the monthly interest free period, so that the value of your points isn’t cancelled out by hefty interest charges.

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