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

couple high-fiving about their rewards credit card

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 18 September 2021

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