Rewards credit cards in 2021: Are they worth it without overseas travel?

Used to consider yourself a bit of a credit card rewards points guru? Dedicated your time to gathering up points with every purchase and then spending them on overseas holidays and flight upgrades?  

Boy, doesn’t that seem like a thing of the past. 

The truth is, when it comes to travel there are a lot of unanswered questions. While vaccines have just hit Aussie shores, it seems like we are still a fair way away from international travel being an option for a trip away. 

So the question is: are rewards credit cards really worth it in 2021 without overseas travel? 

Our answer - they can be. 

How to get the most out of your rewards credit card 

Let’s get one thing straight, it’s a big no-no to spend on your credit card just for the sake of earning points. This could actually end up costing you more in interest and see you spiral into more debt than you can handle. 

So if this was your plan, opting for a rewards credit card right now may not be suitable for you and your financial situation. 

On the other hand, if you already use a rewards credit card responsibly or are looking to make the switch from your current card - there are some ways you can be sure to get the most out of your plastic this year.  

Here are a few handy tips: 

  • Take advantage of bonus points: Currently on the Mozo database there are over 60 credit cards with bonus points offers attached to them. These offers go up to a whopping 150,000 points, as long as you meet the right requirements (such as spending a certain amount within a given timeframe). Bonus points offers can be a great way to bulk up your points stash when you first start using the card. 
  • Shop at your rewards program’s partner stores: With most reward programs, if you shop at a partner store (usually online) you may be able to increase the amount of points you earn for each $1 you spend. Find out which retailers offer this boost and shop there when you can.  
  • Watch out for points expiration: If you already have a whole bunch of points gathering dust, it’s important to find out if and when these points might expire. For example, you may be saving them for when international travel returns, but it’s clearly better to take advantage of them before expiry! On the other hand, you may have to meet certain spending requirements to keep old points alive - so familiarise yourself with what these are and make the call as to whether it’s realistic within your current budget. If not - try and use the points you have.  
  • Turn your attention to domestic trips: Since going overseas right now isn’t an option for holidayers, why not explore your own backyard? And you can use your points to do it! With some rewards programs it’s still possible to use your rewards points on things like flights, hotels and car hire within Australia. 
  • Shop online with your rewards provider: While using points at your rewards program’s online store may not be the best value-for-points option, it’s still an option. There are all sorts of things like retail items, gift vouchers, food and wine discounts etc. But just be careful not to waste your points on items you don’t particularly need - if you can save them for travel (and they won’t expire) it may be the better option to wait it out.  

Looking to make the switch to a more competitive rewards credit card option? Check out these hot offers below or jump over to our rewards credit card hub for even more …

Compare Rewards Credit Cards - last updated February 27, 2021

Search promoted rewards credit cards below or do a full Mozo database search. Advertiser disclosure.
  • St.George Amplify Signature

    Earn up to 200,000 Bonus Amplify Rewards Points over 2 years (130k yr 1, 70k yr 2) when you spend $12k on eligible purchases each year. $139 reduced first year annual card fee (normally $279). New cards only, Eligibility criteria and T&Cs apply. Offer ends March 2nd 2021.

    Rewards program
    Annual fee
    Bonus points
    Earn rate per $1
    Amplify Rewards
    $279 $139 in the first year
    200,000
    1.5 points uncapped
    Compare
    Details
  • Mozo Experts Choice 2020
    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
    $450
    100,000
    1.25 points uncapped
    Compare
    Details
  • NAB Qantas Rewards Signature Card

    NABs fastest way to earn Qantas Points. 130,000 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. 7 complimentary insurances when you meet eligibility criteria including Overseas Travel Insurance.

    Rewards program
    Annual fee
    Bonus points
    Earn rate per $1
    Qantas Frequent Flyer
    $395 $295 in the first year
    130,000
    1 point up to $5,000/month, then
    0.5 points up to $20,000/month
    Compare
    Details
  • BankSA Amplify Signature

    Earn up to 200,000 Bonus Amplify Rewards Points over 2 years (130k yr 1, 70k yr 2) when you spend $12k on eligible purchases each year. $139 reduced first year annual card fee (normally $279). New cards only, Eligibility criteria and T&Cs apply. Offer ends 2nd March 2021.

    Rewards program
    Annual fee
    Bonus points
    Earn rate per $1
    Amplify Rewards
    $279 $139 in the first year
    200,000
    1.5 points uncapped
    Compare
    Details
  • Mozo Experts Choice 2020
    American Express Qantas Discovery Card

    Receive up to 1.75 Qantas Points for every $1 spent on Card purchases (T&Cs apply). No annual fee for the life of the card. T&C’s apply. Mozo Experts Choice Qantas Frequent Flyer Credit Card Winner 2020^.

    Rewards program
    Annual fee
    Bonus points
    Earn rate per $1
    Qantas Frequent Flyer
    $0
    No current offer
    0.75 points uncapped
    Compare
    Details
  • NAB Qantas Rewards Premium Card

    30,000 bonus Qantas Points when you spend $2,500 within 60 days (T&Cs apply).

    Rewards program
    Annual fee
    Bonus points
    Earn rate per $1
    Qantas Frequent Flyer
    $250
    30,000
    0.66 points up to $3,000/month, then
    0.33 points up to $6,000/month
    Compare
    Details

^See information about the Mozo Experts Choice Rewards Credit Cards Awards

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