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Banking / The best credit cards / Compare Reward Credit Cards

Want a credit card with great rewards?

From frequent flyer points and discounted purchases to cash back and gift vouchers, rewards cards can help you get more out of day-to-day purchases. While the programs vary, remember that rewards cards may carry higher interest rates and annual fees.

Our comparison table breaks down the annual fees, interest rates and rewards associated with different rewards credit cards from various banks and credit unions. That way, you can quickly and easily find a card with the rewards you want, at a price that suits your budget.


Card Name Purchase Rate Max Free Days Annual Fee Spend Req. for $100 Reward** Spend Req. for SYD-MEL Ret. Flight** Click on the column heading to sort
The Qantas American Express Ultimate Card - Exclusive
  • EXCLUSIVE PARTNER OFFER: Receive 100,000 bonus Qantas Point ...
  • Earn 1.5 Qantas Points per $1 spent on eligible purchases. ...
20.74% 44 $450 $4,500 $7,500
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David Jones American Express Card
  • Receive 30,000 Reward Points when you spend outside of Davi ...
  • Earn up to 3 Reward Points per dollar spent
20.74% 44 $99 $4,500 $15,000
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American Express Platinum Edge Credit Card
  • Start your holiday with a $200 Travel Credit every year.
  • 0% p.a. on balance transfers for the first 12 months — A on ...
20.74% 55 $195 $4,500 n/a
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American Express Velocity Platinum Card
  • Receive 100,000 bonus Velocity Points when you apply online ...
  • Earn 1.5 Velocity Points per $1 spent, except government bo ...
20.74% 55 $375 $4,500 $5,000
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David Jones American Express Platinum Card
  • Receive 40,000 Reward Points when you spend outside of Davi ...
  • Earn up to 4 Reward Points per $1 spent.
20.74% 44 $295 $4,500 $1,500
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Westpac Altitude Black (80,000 Bonus Qantas or Altitude Points + $200 Off first year annual fee*. Minimum $5,000 spend within 90 days of card approval)
  • 2 cards linked to one account: an Altitude Black American E ...
  • Get 80,000 bonus Qantas or Altitude points when you spend $ ...
20.24% 45 $395 $5,650 $11,000
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The Qantas American Express Premium Card
  • Earn 30,000 bonus Qantas Points5 when you apply online, are ...
  • Earn 1.25 Qantas Points per $1 spent on eligible purchases. ...
20.74% 44 $249 $6,750 $12,000
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The American Express Velocity Escape Card
  • $0 p.a. annual Card fee
  • Earn 1 Velocity Point per $1 spent, except government bodie ...
20.74% 55 $0 $6,750 $7,500
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American Express Explorer® Credit Card
  • Receive 100,000 Membership Rewards Bonus Points when you ap ...
  • Start exploring with a $400 Travel Credit every year.
20.74% 55 $395 $6,750 n/a
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Westpac Altitude Platinum (60,000 Bonus Qantas of Altitute Points minimum spend $3,000 within 90 days of card approval)
  • 2 cards linked to one account: An Altitude Platinum America ...
  • Get 60,000 bonus Qantas or Altitude points when you spend $ ...
20.24% 45 $150 $8,475 $16,000
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Bank of Melbourne Amplify Signature
  • Earn 90,000 bonus Qantas or Amplify Points on a new card, w ...
  • Offer ends 20 September 2017.
19.49% 55 $279 $11,667 $21,333
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BankSA Amplify Signature
  • Special offer - 0% p.a. for 12 months on balance transfers, ...
  • Celebrate birthdays with a birthday bonus - 10% of points e ...
19.49% 55 $279 $11,667 $21,333
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St.George Amplify Signature
  • Earn 90,000 bonus Qantas or Amplify Points on a new card, w ...
  • Start enjoying the rewards you want, with a choice of two g ...
19.49% 55 $279 $11,667 $21,333
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The Qantas American Express Discovery Card
  • $0 p.a. Card fee
  • Earn 1 Qantas Point for every $1 spent on Card purchases, ...
20.74% 44 $0 $13,500 $25,000
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HSBC Platinum Qantas Credit Card (60,000 bonus points)
  • 60,000 bonus Qantas Points. Apply before 31 August 2017 and ...
  • Earn 1 Qantas Point per $1 spent up to $2,500 per statement ...
19.99% 55 $199 $13,500 $25,000
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Bank of Melbourne Amplify
  • Special offer - 0% p.a. for 12 months on balance transfers, ...
  • Special offer - 0% p.a. for 6 months on purchases from card ...
19.49% 55 $79 $17,500 $32,000
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Bank of Melbourne Amplify Platinum
  • Earn 60,000 bonus Qantas or Amplify Points on a new card, w ...
  • Offer ends 20 September 2017.
19.49% 55 $99 $17,500 $32,000
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BankSA Amplify Credit Card
  • Special offer - 0% p.a. for 12 months on balance transfers, ...
  • Special offer - 0% p.a. for 6 months on purchases from card ...
19.49% 55 $79 $17,500 $32,000
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BankSA Amplify Platinum
  • Special offer - 0% p.a. for 12 months on balance transfers, ...
  • Complimentary insurance covers if you pay for your travel c ...
19.49% 55 $99 $17,500 $32,000
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St.George Amplify
  • Special offer - 0% p.a. for 12 months on balance transfers, ...
  • Special offer - 0% p.a. for 6 months on purchases from card ...
19.49% 55 $79 $17,500 $32,000
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“Sponsored” products are displayed first within the search results pages and can be re-sorted without this filter by de-selecting the “Show sponsored listings first” checkbox. For more information on how we’ve selected these “Sponsored” and “Featured” products click here.

*The First Year Cost Comparison is the total interest payable over one year on a monthly outstanding balance of $3,000 plus the credit card’s annual fee. Introductory purchase rate offers and balance transfer offers are taken into account where applicable.

**The Spend required is based on the approximate everyday spending needed to redeem a $100 gift card or a return flight from Sydney to Melbourne from the rewards program, given the credit card’s point earning capability. For rewards programs that do not have a set number of points to redeem flights, the approximate spend is based on a $300 travel voucher. Bonus point offers and point capping are not included in the calculation.





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Although we cover a range of products, providers and services we don't cover every product, provider or service available in the market. The information and products contained on this website do not constitute recommendations or suggestions to purchase or apply for any particular product. Products included on this site may not suit your personal objectives, financial situation or needs. Please consider whether it is appropriate for your circumstances, before making a decision to purchase or apply for any product. If you are considering acquiring any financial product you should obtain and read the relevant Product Disclosure Statement or other offer document prior to making an investment decision.

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