One in three Aussies are using rewards credit cards to help pay for Christmas gifts: Citi
Citi’s finding show that credit card rewards are still a major consideration for Aussies, despite a general feeling of dissatisfaction with the value on offer these days. A huge 79% of cardholders prioritised rewards options when choosing a card, while 78% were concerned with how points are valued.
“Regulatory changes have impacted credit card rewards across the board in 2017 however we
have seen that rewards points, alongside merchant acceptance, are still one of the most
desirable offerings for current and new cardholders,” said Alan Machet, Head of Cards and Loans at Citi Australia.
And according to Citi, Christmas is the time of year when Aussies really start paying attention to their rewards point stack and what freebies they can score, as 35% of rewards card holders use gift vouchers picked up through redeeming rewards points to supplement their Christmas budgets.
But it wasn’t just redeeming points Aussies were thinking about during the festive season - 64% of women said they make sure to earn as many rewards points as possible on their holiday spending.
One strategy for maximising your points earn is to choose a card with a serious bonus points offer attached. Machet said that Citi’s latest rewards change - bonus offers of up to 150,000 points - was designed to help “put the power back in cardholders’ hands.”
“For example, with 100,000 points, Citi cardholders can redeem a flight to Thailand, 120,000 points can buy you a new Apple Watch or with 150,000 points, cardholders can purchase a David Jones voucher to the value of $670,” he said.
Bonus points rewards credit cards - last updated 3 December 2023
American Express Qantas Ultimate Card
Qantas Frequent Flyer
1.25 points uncapped
Receive 60,000 bonus Qantas Points when you apply online, are approved, and spend $3,000 on eligible purchases on your new Qantas American Express Ultimate Card within the first 3 months of your approval date. T&Cs apply. Available to new American Express Card Members only.CompareCompareDetails Close
Qantas Ultimate Card
Receive 60,000 bonus Qantas Points when you apply online, are approved, and spend $3,000 on eligible purchases on your new Qantas American Express Ultimate Card within the first 3 months of your approval date. T&Cs apply. Available to new American Express Card Members only.
- Rewards program
- Qantas Frequent Flyer
- Annual fee
- Bonus points
- 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
- Foreign exchange
- Late payment
- Points earning
- 1.25 points per dollar on Amex, uncapped
- Reward point expiry
- Bonus points
- Sydney to Melbourne
- Sydney to London
- $100 Gift card
- Card Benefits
- Account alerts by SMS,
Card Purchase Cover ,
Travel Inconvenience Cover
- Rewards Bonus Points
- 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
Read our Mozo Review to learn more about the American Express Qantas Ultimate Card
Figures from Citi also show that 27% of Aussies shop around for the best credit card rewards program fit before Christmas. If you’re one of them, make sure to head over to our Rewards Revealer tool to find the piece of plastic that will bag you the most bang for your buck.
^See information about the Mozo Experts Choice Rewards Credit Card Awards
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