Rewards credit cards: Millennials shop around for a better program
It’s out with the old and in with the new for Aussie Millennial rewards credit card customers.
This is according to a recent study by data analytics and consumer intelligence company, J.D. Power.
In a new report, they found that 9% of Millennials have switched credit cards over the past year while 22% intend to ditch their current plastic for something fresher in the next 12 months. This is more than double that of older credit card customers (4% and 11%, respectively).
But why are Millennials looking for something new?
It’s all in the rewards.
Since the COVID-19 pandemic began, J.D. Power found that 48% of Millennials have been spending less on their credit card. While 18% claim the overall value of their card has decreased. In fact, recent Mozo data shows that not only Millennials but 66% of all Aussies say rewards cards are no longer worth it.
However, Millennials haven’t given up hope. 29% of young Aussies are on the hunt for a better rewards program and a further 29% are looking for more benefits.
“Millennials are savvy and are shopping around for a card that offers a better rewards program that suits their changed spending habits,” said Bronwyn Gill, head of banking and payments intelligence at J.D. Power Australia.
“Card issuers must offer reward programs that are relevant to Millennials, or risk losing longer-term relationships with this important age group.”
What type of rewards do millennials like?
According to the recent J.D. Power stats, the main reason Millennials opt for credit cards is out of convenience (56%). However, the second most common reason is to earn rewards (42%) and there are a few specific things that young customers are looking for.
Millennials value cashback, gift cards and vouchers, airline miles, airline tickets and fuel rebates the most when choosing a rewards credit card.
“Rewards programs are key for Millennials,” said Gill.
“After convenience, earning rewards is the second most important reason as to why Millennials use their credit card, however new spending habits are directly influencing the ability to accumulate and redeem rewards.”
Things to consider when switching credit cards
The truth is, changing credit cards isn’t as simple as finding a rewards program you like and then jumping ship. There are a few important things you need to consider.
Fees: Compare the fees between your current card and the new card. This includes the annual fee, cash advance fee, late payment fee and foreign exchange charge. While a rewards program may seem great, if the fees outweigh what’s on offer you could end up in a worse position than you are in now.
Interest rates: According to the Mozo database, credit card interest rates can range anywhere from a low 7.49% all the way up to 24.99%. And the reality is that a lot of rewards credit cards come with higher interest rates. So, if you are sacrificing a low interest rate for a better rewards program you must ensure you pay down your balance in full month to month (to avoid hefty interest repayments). However, if you tend to only pay the minimum repayment amount each month, opting for a rewards credit card with a high interest rate may end up costing you more over time.
Rewards and bonus points offers: It’s crucial to get all the information you need about a particular rewards program before signing up. Consider things like points earnings (how many points you receive for every dollar you spend), rewards program type, what you can spend your points on, extra perks etc. Also remember to check out what bonus points offers are around, as they can be a good way to rack up points early on. Just bear in mind, these offers generally come with spending requirements so only sign up if you intend or regularly spend the amount required (don’t force yourself to spend more just to gain bonus points).
Compare Rewards Credit Cards 2020 - last updated 11 September 2021
- Apply By 4 Oct 2021
Black Card
Rewards program
Annual fee
Bonus points
Earn rate per $1
Kogan Rewards Points$0No current offer1 point uncappedKogan 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.
CompareCompareBlack Card
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.
- Rewards program
- Kogan Rewards Points
- Annual fee
- $0
- Bonus points
- No current offer
- Earn rate per $1
- 1 point uncapped
- Intro rate
- -
- Ongoing Purchase rate
- 20.99% p.a.
- Balance transfer rate
- 0% p.a. for 12 months and then 21.74% p.a.
- Cash advance
- 21.74% p.a.
- Interest free days on purchases
- 55
- Foreign exchange
- 3.40%
- Late payment
- $30.00
- Points earning
- 1 point per dollar on Visa, uncapped
- Reward point expiry
- Never
- Bonus points
- No current offer
- Sydney to Melbourne
- N/A
- Sydney to London
- N/A
- $100 Gift card
- 10000.0
- Card Benefits
- -
Read our Mozo Review to learn more about the Black Card
- Apply By 28 Oct 2021
Rewards Card
Rewards program
Annual fee
Bonus points
Earn rate per $1
PayPal Rewards$050,0001 point uncappedEnjoy 50,000 bonus points (conditions apply). Receive 55 interest free days on purchases and 0% balance transfer rate for the first 20 months.
CompareCompareRewards Card
Enjoy 50,000 bonus points (conditions apply). Receive 55 interest free days on purchases and 0% balance transfer rate for the first 20 months.
- Rewards program
- PayPal Rewards
- Annual fee
- $0
- Bonus points
- 50,000
- Earn rate per $1
- 1 point uncapped
- Intro rate
- -
- Ongoing Purchase rate
- 20.99% p.a.
- Balance transfer rate
- 0% p.a. for 20 months and then 20.99% p.a.
- Cash advance
- 21.74% p.a.
- Interest free days on purchases
- 55
- Foreign exchange
- 3.40%
- Late payment
- $30.00
- Points earning
- 1 point per dollar on Visa, uncapped
- Reward point expiry
- Never
- Bonus points
- 50,000
- Sydney to Melbourne
- N/A
- Sydney to London
- N/A
- $100 Gift card
- 20000.0
- Card Benefits
- -
Read our Mozo Review to learn more about the Rewards Card
- Apply By 30 Nov 2021
Altitude Black
Rewards program
Annual fee
Bonus points
Earn rate per $1
Altitude Rewards$250150,0001.25 points uncappedEarn 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.
CompareCompareAltitude Black
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.
- Rewards program
- Altitude Rewards
- Annual fee
- $250
- Bonus points
- 150,000
- Earn rate per $1
- 1.25 points uncapped
- Intro rate
- -
- Ongoing Purchase rate
- 20.49% p.a.
- Balance transfer rate
- 0% p.a. for 18 months and then 21.49% p.a. (1.00% balance transfer fee)
- Cash advance
- 21.49% p.a.
- Interest free days on purchases
- 45
- Foreign exchange
- 3.00%
- Late payment
- $15.00
- Points earning
- 1.25 points per dollar on Mastercard, uncapped
- Reward point expiry
- Never
- Bonus points
- 150,000
- Sydney to Melbourne
- 23400.0234000234
- Sydney to London
- 318000.318000318
- $100 Gift card
- 24100.0
- Card Benefits
- Concierge,
Travel Insurance,
Extended Warranty,
Purchase Protection
Read our Mozo Review to learn more about the Altitude Black
-
Qantas Rewards Signature Card
Rewards program
Annual fee
Bonus points
Earn rate per $1
Qantas Frequent Flyer$395 $295 in the first year110,0001 point up to $5,000/month, then
0.5 points up to $20,000/monthNABs 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.
CompareCompareQantas Rewards Signature Card
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.
- Rewards program
- Qantas Frequent Flyer
- Annual fee
- $395 $295 in the first year
- Bonus points
- 110,000
- Earn rate per $1
- 1 point up to $5,000/month, then
0.5 points up to $20,000/month
- Intro rate
- -
- Ongoing Purchase rate
- 19.99% p.a.
- Balance transfer rate
- 0% p.a. for 6 months and then 21.74% p.a. (2.00% balance transfer fee)
- Cash advance
- 21.74% p.a.
- Interest free days on purchases
- 44
- Foreign exchange
- 3.00%
- Late payment
- $15.00
- Points earning
- 1 point per dollar on Visa, up to $5,000 per month, then
0.5 points per dollar on Visa, up to $20,000 per month
- Reward point expiry
- Never
- Bonus points
- 110,000
- Sydney to Melbourne
- 8000.0
- Sydney to London
- 110400.0
- $100 Gift card
- 19010.0
- Card Benefits
- Concierge,
Extended Warranty,
Purchase Protection,
International Travel Insurance,
Transit Accident Insurance,
Interstate Flight Inconvenience Insurance,
Rental Vehicle Excess in Australia Insurance
Read our Mozo Review to learn more about the Qantas Rewards Signature Card
- Apply By 26 Oct 2021
Explorer® Credit Card
Rewards program
Annual fee
Bonus points
Earn rate per $1
Membership Rewards$395150,0002 points uncappedReceive 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.
CompareCompareExplorer® Credit Card
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.
- Rewards program
- Membership Rewards
- Annual fee
- $395
- Bonus points
- 150,000
- Earn rate per $1
- 2 points uncapped
- Intro rate
- -
- Ongoing Purchase rate
- 20.74% p.a.
- Balance transfer rate
- No current offer
- Cash advance
- Interest free days on purchases
- 55
- Foreign exchange
- 3.00%
- Late payment
- $30.00
- Points earning
- 2 points per dollar on Amex, uncapped
- Reward point expiry
- Never
- Bonus points
- 150,000
- Sydney to Melbourne
- 15600.0
- Sydney to London
- 212000.0
- $100 Gift card
- 20000.0
- Card Benefits
- Travel Insurance,
Extended Warranty,
Purchase Protection,
Account alerts by SMS
Read our Mozo Review to learn more about the Explorer® Credit Card
-
Amplify Rewards Signature
Rewards program
Annual fee
Bonus points
Earn rate per $1
Rewards$279200,0001.5 points uncappedEarn 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.
CompareCompareAmplify Rewards Signature
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.
- Rewards program
- Rewards
- Annual fee
- $279
- Bonus points
- 200,000
- Earn rate per $1
- 1.5 points uncapped
- Intro rate
- -
- Ongoing Purchase rate
- 19.74% p.a.
- Balance transfer rate
- 0% p.a. for 15 months and then 21.49% p.a. (1.00% balance transfer fee)
- Cash advance
- 21.49% p.a.
- Interest free days on purchases
- 55
- Foreign exchange
- 3.00%
- Late payment
- $15.00
- Points earning
- 1.5 points per dollar on Visa, uncapped
- Reward point expiry
- Never
- Bonus points
- 200,000
- Sydney to Melbourne
- 15600.0
- Sydney to London
- 212000.0
- $100 Gift card
- 22200.0
- Card Benefits
- Concierge,
Travel Insurance,
Extended Warranty,
Purchase Protection
Read our Mozo Review to learn more about the Amplify Rewards Signature
- Apply By 13 Dec 2021
Velocity Platinum Card
Rewards program
Annual fee
Bonus points
Earn rate per $1
Velocity Frequent Flyer$375120,0001.25 points uncappedReceive 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.
CompareCompareVelocity Platinum Card
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.
- Rewards program
- Velocity Frequent Flyer
- Annual fee
- $375
- Bonus points
- 120,000
- Earn rate per $1
- 1.25 points uncapped
- Intro rate
- -
- Ongoing Purchase rate
- 20.74% p.a.
- Balance transfer rate
- No current offer
- Cash advance
- Interest free days on purchases
- 55
- Foreign exchange
- 3.00%
- Late payment
- $30.00
- Points earning
- 1.25 points per dollar on Amex, uncapped
- Reward point expiry
- Never
- Bonus points
- 120,000
- Sydney to Melbourne
- 7800.0
- Sydney to London
- 119600.0
- $100 Gift card
- 19500.0
- Card Benefits
- Travel Insurance,
Purchase Protection,
Account alerts by SMS
Read our Mozo Review to learn more about the Velocity Platinum Card
-
Velocity Escape Card
Rewards program
Annual fee
Bonus points
Earn rate per $1
Velocity Frequent Flyer$0No current offer0.75 points uncappedEarn 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
CompareCompareVelocity Escape Card
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
- Rewards program
- Velocity Frequent Flyer
- Annual fee
- $0
- Bonus points
- No current offer
- Earn rate per $1
- 0.75 points uncapped
- Intro rate
- -
- Ongoing Purchase rate
- 20.74% p.a.
- Balance transfer rate
- No current offer
- Cash advance
- Interest free days on purchases
- 55
- Foreign exchange
- 3.00%
- Late payment
- $30.00
- Points earning
- 0.75 points per dollar on Amex, uncapped
- Reward point expiry
- Never
- Bonus points
- No current offer
- Sydney to Melbourne
- 7800.0
- Sydney to London
- 119600.0
- $100 Gift card
- 19500.0
- Card Benefits
- Purchase Protection,
Account alerts by SMS
Read our Mozo Review to learn more about the Velocity Escape Card
- 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 year60,0000.5 points uncappedEarn 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.
CompareCompareAltitude Platinum
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.
- Rewards program
- Qantas Frequent Flyer
- Annual fee
- $200 $149 in the first year
- Bonus points
- 60,000
- Earn rate per $1
- 0.5 points uncapped
- Intro rate
- -
- Ongoing Purchase rate
- 20.49% p.a.
- Balance transfer rate
- 0% p.a. for 18 months and then 21.49% p.a. (1.00% balance transfer fee)
- Cash advance
- 21.49% p.a.
- Interest free days on purchases
- 45
- Foreign exchange
- 3.00%
- Late payment
- $15.00
- Points earning
- 0.5 points per dollar on Mastercard, uncapped
- Reward point expiry
- Never
- Bonus points
- 60,000
- Sydney to Melbourne
- 8000.0
- Sydney to London
- 110400.0
- $100 Gift card
- 19010.0
- Card Benefits
- Travel Insurance,
Extended Warranty,
Purchase Protection
Read our Mozo Review to learn more about the Altitude Platinum
-
Qantas Rewards Premium Card
Rewards program
Annual fee
Bonus points
Earn rate per $1
Qantas Frequent Flyer$25065,0000.66 points up to $3,000/month, then
0.33 points up to $6,000/month65,000 bonus Qantas Points when you spend $2,500 within 60 days (T&Cs apply).
CompareCompareQantas Rewards Premium Card
65,000 bonus Qantas Points when you spend $2,500 within 60 days (T&Cs apply).
- Rewards program
- Qantas Frequent Flyer
- Annual fee
- $250
- Bonus points
- 65,000
- Earn rate per $1
- 0.66 points up to $3,000/month, then
0.33 points up to $6,000/month
- Intro rate
- -
- Ongoing Purchase rate
- 19.99% p.a.
- Balance transfer rate
- 0% p.a. for 6 months and then 21.74% p.a. (2.00% balance transfer fee)
- Cash advance
- 21.74% p.a.
- Interest free days on purchases
- 44
- Foreign exchange
- 3.00%
- Late payment
- $15.00
- Points earning
- 0.66 points per dollar on Visa, up to $3,000 per month, then
0.33 points per dollar on Visa, up to $6,000 per month
- Reward point expiry
- Never
- Bonus points
- 65,000
- Sydney to Melbourne
- 8000.0
- Sydney to London
- 110400.0
- $100 Gift card
- 19010.0
- Card Benefits
- Concierge,
Extended Warranty,
Purchase Protection,
International Travel Insurance,
Transit Accident Insurance,
Interstate Flight Inconvenience Insurance,
Rental Vehicle Excess in Australia Insurance
Read our Mozo Review to learn more about the Qantas Rewards Premium Card
- Apply By 20 Oct 2021
American Express Platinum Card
Rewards program
Annual fee
Bonus points
Earn rate per $1
Qantas Frequent Flyer$29535,0000.5 points uncappedEarn 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.
CompareCompareAmerican Express Platinum Card
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.
- Rewards program
- Qantas Frequent Flyer
- Annual fee
- $295
- Bonus points
- 35,000
- Earn rate per $1
- 0.5 points uncapped
- Intro rate
- 0% p.a. for 6 months
- Ongoing Purchase rate
- 20.74% p.a.
- Balance transfer rate
- No current offer
- Cash advance
- Interest free days on purchases
- 44
- Foreign exchange
- 3.00%
- Late payment
- $30.00
- Points earning
- 0.5 points per dollar on Amex, uncapped
- Reward point expiry
- Never
- Bonus points
- 35,000
- Sydney to Melbourne
- 8000.0
- Sydney to London
- 110400.0
- $100 Gift card
- 19010.0
- Card Benefits
- Travel Insurance,
Extended Warranty,
Purchase Protection,
Account alerts by SMS
Read our Mozo Review to learn more about the American Express Platinum Card
-
Cashback Credit Card
Rewards program
Annual fee
Bonus points
Earn rate per $1
Cashback Rewards$120No current offer1 point uncappedEnjoy up to 6% cashback on eligible purchases in the first three months. Additional 1.5% cashback with American Express Shop Small Campaign (conditions apply). Complimentary perks and insurances. Eligibility criteria and T&Cs apply.
CompareCompareCashback Credit Card
Enjoy up to 6% cashback on eligible purchases in the first three months. Additional 1.5% cashback with American Express Shop Small Campaign (conditions apply). Complimentary perks and insurances. Eligibility criteria and T&Cs apply.
- Rewards program
- Cashback Rewards
- Annual fee
- $120
- Bonus points
- No current offer
- Earn rate per $1
- 1 point uncapped
- Intro rate
- -
- Ongoing Purchase rate
- 20.74% p.a.
- Balance transfer rate
- No current offer
- Cash advance
- Interest free days on purchases
- 55
- Foreign exchange
- 3.00%
- Late payment
- $30.00
- Points earning
- 1 point per dollar on Amex, uncapped
- Reward point expiry
- Never
- Bonus points
- No current offer
- Sydney to Melbourne
- N/A
- Sydney to London
- N/A
- $100 Gift card
- N/A
- Card Benefits
- -
Read our Mozo Review to learn more about the Cashback Credit Card
-
Amplify Qantas Platinum
Rewards program
Annual fee
Bonus points
Earn rate per $1
Qantas Frequent Flyer$9960,0000.5 points uncappedEarn 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.
CompareCompareAmplify Qantas Platinum
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.
- Rewards program
- Qantas Frequent Flyer
- Annual fee
- $99
- Bonus points
- 60,000
- Earn rate per $1
- 0.5 points uncapped
- Intro rate
- -
- Ongoing Purchase rate
- 19.74% p.a.
- Balance transfer rate
- 0% p.a. for 15 months and then 21.49% p.a. (1.00% balance transfer fee)
- Cash advance
- 21.49% p.a.
- Interest free days on purchases
- 55
- Foreign exchange
- 3.00%
- Late payment
- $15.00
- Points earning
- 0.5 points per dollar on Visa, uncapped
- Reward point expiry
- Never
- Bonus points
- 60,000
- Sydney to Melbourne
- 8000.0
- Sydney to London
- 110400.0
- $100 Gift card
- 19010.0
- Card Benefits
- Travel Insurance,
Extended Warranty,
Purchase Protection
Read our Mozo Review to learn more about the Amplify Qantas Platinum
- Apply By 20 Oct 2021
American Express Card
Rewards program
Annual fee
Bonus points
Earn rate per $1
Membership Rewards$9950,0001 point uncappedEarn 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.
CompareCompareAmerican Express Card
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.
- Rewards program
- Membership Rewards
- Annual fee
- $99
- Bonus points
- 50,000
- Earn rate per $1
- 1 point uncapped
- Intro rate
- 0% p.a. for 6 months
- Ongoing Purchase rate
- 20.74% p.a.
- Balance transfer rate
- No current offer
- Cash advance
- Interest free days on purchases
- 44
- Foreign exchange
- 3.00%
- Late payment
- $30.00
- Points earning
- 1 point per dollar on Amex, uncapped
- Reward point expiry
- Never
- Bonus points
- 50,000
- Sydney to Melbourne
- 15600.0
- Sydney to London
- 212000.0
- $100 Gift card
- 20000.0
- Card Benefits
- Purchase Protection,
Account alerts by SMS
Read our Mozo Review to learn more about the American Express Card
-
Amplify Qantas Signature
Rewards program
Annual fee
Bonus points
Earn rate per $1
Qantas Frequent Flyer$27990,0000.75 points uncappedEarn 90,000 bonus Qantas Points - when you spend $6,000 on eligible purchases within 90 days of card approval (T&Cs apply)
CompareCompareAmplify Qantas Signature
Earn 90,000 bonus Qantas Points - when you spend $6,000 on eligible purchases within 90 days of card approval (T&Cs apply)
- Rewards program
- Qantas Frequent Flyer
- Annual fee
- $279
- Bonus points
- 90,000
- Earn rate per $1
- 0.75 points uncapped
- Intro rate
- -
- Ongoing Purchase rate
- 19.74% p.a.
- Balance transfer rate
- 0% p.a. for 15 months and then 21.49% p.a. (1.00% balance transfer fee)
- Cash advance
- 21.49% p.a.
- Interest free days on purchases
- 55
- Foreign exchange
- 3.00%
- Late payment
- $15.00
- Points earning
- 0.75 points per dollar on Visa, uncapped
- Reward point expiry
- Never
- Bonus points
- 90,000
- Sydney to Melbourne
- 8000.0
- Sydney to London
- 110400.0
- $100 Gift card
- 19010.0
- Card Benefits
- Concierge,
Travel Insurance,
Extended Warranty,
Purchase Protection
Read our Mozo Review to learn more about the Amplify Qantas Signature
-
Rewards Platinum Card
Rewards program
Annual fee
Bonus points
Earn rate per $1
NAB Rewards$19560,0001 point uncappedUp to 60,000 bonus points (T&Cs apply). Also get 1 NAB reward point for every $1 spent on everyday purchases.
CompareCompareRewards Platinum Card
Up to 60,000 bonus points (T&Cs apply). Also get 1 NAB reward point for every $1 spent on everyday purchases.
- Rewards program
- NAB Rewards
- Annual fee
- $195
- Bonus points
- 60,000
- Earn rate per $1
- 1 point uncapped
- Intro rate
- -
- Ongoing Purchase rate
- 19.99% p.a.
- Balance transfer rate
- 0% p.a. for 6 months and then 21.74% p.a. (2.00% balance transfer fee)
- Cash advance
- 21.74% p.a.
- Interest free days on purchases
- 44
- Foreign exchange
- 3.00%
- Late payment
- $15.00
- Points earning
- 1 point per dollar on Visa, uncapped
- Reward point expiry
- Never
- Bonus points
- 60,000
- Sydney to Melbourne
- 15600.0
- Sydney to London
- 239200.0
- $100 Gift card
- 19230.0
- Card Benefits
- Concierge,
Extended Warranty,
Purchase Protection,
International Travel Insurance,
Transit Accident Insurance,
Interstate Flight Inconvenience Insurance,
Rental Vehicle Excess in Australia Insurance
Read our Mozo Review to learn more about the Rewards Platinum Card
-
Amplify Rewards Platinum
Rewards program
Annual fee
Bonus points
Earn rate per $1
Qantas Frequent Flyer$9960,0000.5 points uncappedEarn 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.
CompareCompareAmplify Rewards Platinum
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.
- Rewards program
- Qantas Frequent Flyer
- Annual fee
- $99
- Bonus points
- 60,000
- Earn rate per $1
- 0.5 points uncapped
- Intro rate
- -
- Ongoing Purchase rate
- 19.74% p.a.
- Balance transfer rate
- 0% p.a. for 15 months and then 21.49% p.a. (1.00% balance transfer fee)
- Cash advance
- 21.49% p.a.
- Interest free days on purchases
- 55
- Foreign exchange
- 3.00%
- Late payment
- $15.00
- Points earning
- 0.5 points per dollar on Visa, uncapped
- Reward point expiry
- Never
- Bonus points
- 60,000
- Sydney to Melbourne
- 8000.0
- Sydney to London
- 110400.0
- $100 Gift card
- 19010.0
- Card Benefits
- Travel Insurance,
Extended Warranty,
Purchase Protection
Read our Mozo Review to learn more about the Amplify Rewards Platinum
- Apply By 30 Nov 2021
Altitude Platinum
Rewards program
Annual fee
Bonus points
Earn rate per $1
Altitude Rewards$150 $49 in the first year130,0001 point uncappedEarn 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.
CompareCompareAltitude Platinum
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.
- Rewards program
- Altitude Rewards
- Annual fee
- $150 $49 in the first year
- Bonus points
- 130,000
- Earn rate per $1
- 1 point uncapped
- Intro rate
- -
- Ongoing Purchase rate
- 20.49% p.a.
- Balance transfer rate
- 0% p.a. for 22 months and then 21.49% p.a. (1.00% balance transfer fee)
- Cash advance
- 21.49% p.a.
- Interest free days on purchases
- 45
- Foreign exchange
- 3.00%
- Late payment
- $15.00
- Points earning
- 1 point per dollar on Mastercard, uncapped
- Reward point expiry
- Never
- Bonus points
- 130,000
- Sydney to Melbourne
- 23400.0234000234
- Sydney to London
- 318000.318000318
- $100 Gift card
- 24100.0
- Card Benefits
- Travel Insurance,
Extended Warranty,
Purchase Protection
Read our Mozo Review to learn more about the Altitude Platinum
-
Qantas Discovery Card
Rewards program
Annual fee
Bonus points
Earn rate per $1
Qantas Frequent Flyer$010,0000.75 points uncappedReceive 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.
CompareCompareQantas Discovery Card
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.
- Rewards program
- Qantas Frequent Flyer
- Annual fee
- $0
- Bonus points
- 10,000
- Earn rate per $1
- 0.75 points uncapped
- Intro rate
- -
- Ongoing Purchase rate
- 20.74% p.a.
- Balance transfer rate
- No current offer
- Cash advance
- Interest free days on purchases
- 44
- Foreign exchange
- 3.00%
- Late payment
- $30.00
- Points earning
- 0.75 points per dollar on Amex, uncapped
- Reward point expiry
- Never
- Bonus points
- 10,000
- Sydney to Melbourne
- 8000.0
- Sydney to London
- 110400.0
- $100 Gift card
- 19010.0
- Card Benefits
- Purchase Protection,
Account alerts by SMS
Read our Mozo Review to learn more about the Qantas Discovery Card
-
Qantas Premium Card
Rewards program
Annual fee
Bonus points
Earn rate per $1
Qantas Frequent Flyer$24930,0001 point uncappedReceive 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^.
CompareCompareQantas Premium Card
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^.
- Rewards program
- Qantas Frequent Flyer
- Annual fee
- $249
- Bonus points
- 30,000
- Earn rate per $1
- 1 point uncapped
- Intro rate
- -
- Ongoing Purchase rate
- 20.74% p.a.
- Balance transfer rate
- No current offer
- Cash advance
- Interest free days on purchases
- 44
- Foreign exchange
- 3.00%
- Late payment
- $30.00
- Points earning
- 1 point per dollar on Amex, uncapped
- Reward point expiry
- Never
- Bonus points
- 30,000
- Sydney to Melbourne
- 8000.0
- Sydney to London
- 110400.0
- $100 Gift card
- 19010.0
- Card Benefits
- Travel Insurance,
Purchase Protection,
Account alerts by SMS
Read our Mozo Review to learn more about the Qantas Premium Card
-
Amplify Rewards Platinum
Rewards program
Annual fee
Bonus points
Earn rate per $1
Rewards$9980,0001 point uncapped80,000 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.
CompareCompareAmplify Rewards Platinum
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.
- Rewards program
- Rewards
- Annual fee
- $99
- Bonus points
- 80,000
- Earn rate per $1
- 1 point uncapped
- Intro rate
- -
- Ongoing Purchase rate
- 19.74% p.a.
- Balance transfer rate
- 0% p.a. for 15 months and then 21.49% p.a. (1.00% balance transfer fee)
- Cash advance
- 21.49% p.a.
- Interest free days on purchases
- 55
- Foreign exchange
- 3.00%
- Late payment
- $15.00
- Points earning
- 1 point per dollar on Visa, uncapped
- Reward point expiry
- Never
- Bonus points
- 80,000
- Sydney to Melbourne
- 15600.0
- Sydney to London
- 212000.0
- $100 Gift card
- 22200.0
- Card Benefits
- Travel Insurance,
Extended Warranty,
Purchase Protection
Read our Mozo Review to learn more about the Amplify Rewards Platinum
-
Amplify Rewards Signature
Rewards program
Annual fee
Bonus points
Earn rate per $1
Rewards$279200,0001.5 points uncappedEarn 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.
CompareCompareAmplify Rewards Signature
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.
- Rewards program
- Rewards
- Annual fee
- $279
- Bonus points
- 200,000
- Earn rate per $1
- 1.5 points uncapped
- Intro rate
- -
- Ongoing Purchase rate
- 19.74% p.a.
- Balance transfer rate
- 0% p.a. for 15 months and then 21.49% p.a. (1.00% balance transfer fee)
- Cash advance
- 21.49% p.a.
- Interest free days on purchases
- 55
- Foreign exchange
- 3.00%
- Late payment
- $15.00
- Points earning
- 1.5 points per dollar on Visa, uncapped
- Reward point expiry
- Never
- Bonus points
- 200,000
- Sydney to Melbourne
- 15600.0
- Sydney to London
- 212000.0
- $100 Gift card
- 22200.0
- Card Benefits
- Concierge,
Travel Insurance,
Extended Warranty,
Purchase Protection
Read our Mozo Review to learn more about the Amplify Rewards Signature
NOTE: It’s also important to keep in mind that when switching to a new credit card you are likely to face some new conditions, such as income requirements or credit history checks. This may affect your ability to apply for a particular rewards credit card or determine the credit limit you are able to have.
RELATED ARTICLE: Afterpay: Millennials tried credit cards, but Gen Z aren't even signing up
Want to start your search for your new rewards card? Take a look at the killer options below or jump over to our rewards credit cards comparison table.
^See information about the Mozo Experts Choice Credit Card Awards
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