August’s best Qantas frequent flyer credit card deals
There are so many credit cards available in Australia that it’s almost impossible to pick out the very best option. It’s more about finding the card that fits best with you and your Frequent Flyer plans and goals.
You might want to bag a huge Frequent Flyer (FF) introductory bonus in one fell swoop, or you might want to steadily earn points without having to pay lots of extra fees on the card. You might also really enjoy the various perks that might be on offer, such as complementary travel insurance, flight vouchers and airport lounge passes.
If you’re wondering what’s on offer for Frequent Flyer fans, here’s InfoChoice’s four best Qantas point cards.
The NAB Qantas Reward Signature card offers new customers a bonus of 130,000 Frequent Flyer points as long as they spend $3,000 within the first 60 days.
The American Express Westpac Altitude black card bundle offers new holders a 120,000 FF points bonus as long as they spend $4,000 on eligible purchases. There’s also an additional 30,000 points bonus after making the first eligible purchase of the second year of card activity.
The ANZ Frequent Flyer Platinum offers new sign–ups a 60,000 points bonus and a $295 cashback if they spend $2,500 on eligible purchases within the first 90 days after approval.
The David Jones American Express Platinum card offers a sign–up bonus of 15,000 Qantas frequent flyer points as long as they spend $750 at locations excluding David Jones within the first three months.
Finding the best frequent flyer card deals
There are a few things you need to look at when selecting a Qantas card.
The earning methods
There are two ways in which points are earned. There are direct earning cards which accumulate points as you make eligible purchases and deposit them into your FF account at the end of each statement period.
Then there are opt–in Qantas Frequent Flyer earners. You decide to “send” your points into your flyer account rather than into the card’s own reward scheme. There might be a fee for this and the earn rate might be different from that of the card’s own rewards programme.
Bonus point offers
Many FF cards offer holders thousands of Qantas points for activating a new card and making a minimum spend within two or three months.
The earn rate
This is the number of Qantas Frequent Flyer points you’ll earn per eligible dollar spend. It’s important to look at this rate because the higher the rate, the higher the annual fee may be. You also need to think about whether you’ll earn more on points than you’ll pay in fees, otherwise, it’s not going to be worth it.
Lots of cards limit the number of points cardholders can earn per dollar within each statement period. You might, for example, be able to earn two Qantas Frequent Flyer points per dollar up to 6,000 points a month, after which the earn rate drops to one point per dollar.
The interest rate
Frequent Flyer cards are most suited to people who pay their card balance in full each month and so avoid any interest. Rewards cards often charge higher interest rates than others, so if left to accrue, the interest can easily outweigh the point value.
The annual fee
Some Qantas cards have low or no annual fees, but the ones with the most generous rewards programmes tend to have higher fees. Make sure that your points will outweigh the fee in terms of dollar value.
The extra perks
You might get free travel insurance, hotel discounts and airport lounge access with a particular card. These cards usually have higher fees too, so make sure that you’ll use the extras and that they will also outweigh your fees.
Things to ask yourself before applying
How much will I spend on the card?
Think about how much you typically spend each month and year and how this will translate into points. Will you qualify for the bonus? Will you always fall foul of a points cap? Is your annual spend going to be worth more than the annual fee and how much money will you save on flights?
How will you redeem your points?
The conversion value of your points will vary depending on how you redeem them. This can affect how much value you get from the card, both in terms of the rewards themselves and their monetary value.
In short, however, the less you spend on your card, or the longer your balance accrues interest, the harder it’ll be to earn enough points to outweigh and justify your spending and the annual fee.
Which types of credit card purchases earn Qantas Frequent Flyer points?
The other thing you need to consider when you’re looking for Qantas Frequent Flyer cards is the types of purchases that are eligible to earn points. Not all purchases rack up rewards, but the ones that do include groceries, petrol, travel bookings and dining out. If most of your purchases fall into the eligible category, then the card is more likely to be worth it.
The purchases that almost always aren’t eligible to earn points include cash advances and ATM withdrawals, cashouts and any gambling–related purchases.
Your monthly repayments and any monthly or penalty fees you pay on the card aren’t eligible either.
Balance transfers and their repayments don’t earn points.
BPAY payments don’t earn points with most cards.