Credit card comparison
Compare Australian rewards credit cards by headline points offer, annual fee, minimum spend, and practical trade-offs. 11 cards reviewed.
Offers checked: 6 July 2026
Top picks
NAB
Qantas Rewards Signature
Up to 130,000 Qantas Points + $250 cashback
$320 first year, then $420 p.a.
Qantas PointsFrequent Flyer Black
Up to 130,000 Qantas Points + $200 back
Annual fee
$425 p.a.
Min. spend
$5,000 in 3 months
Best for
Qantas collectors who can clear the balance monthly and meet the spend without forcing purchases.
Watch out
Higher annual fee and eligibility rules for previous cardholders.
Qantas PointsQantas Rewards Signature
Up to 130,000 Qantas Points + $250 cashback
Annual fee
$320 first year, then $420 p.a.
Min. spend
$5,000 in 90 days
Best for
People comparing Qantas points with a first-year cashback offset.
Watch out
Bonus points restricted for recent NAB Qantas cardholders.
Qantas PointsPremier Platinum
Up to 120,000 Qantas Points
Annual fee
$349 first year, then $399 p.a.
Min. spend
$5,000 in 90 days
Best for
Frequent Qantas flyers who want direct earn without a bank intermediary.
Watch out
Previous holders of this card may not qualify for the bonus.
Velocity High Flyer
Up to 100,000 Velocity Points
Annual fee
$329 p.a.
Min. spend
$3,500 in each of first 2 months
Best for
Velocity collectors who fly Virgin Australia domestically.
Watch out
Bonus is staged across two $3,500 spend months, and the annual fee is higher than before.
Membership RewardsPlatinum Card
200,000 Membership Rewards points
Annual fee
$1,450 p.a.
Min. spend
$5,000 in 3 months
Best for
High-spend frequent travellers who will fully use the premium travel benefits.
Watch out
$1,450 fee only makes sense if you use the lounge access and travel credits.
Membership RewardsExplorer
Up to 125,000 Membership Rewards points
Annual fee
$395 p.a.
Min. spend
$4,000 in first 3 months, then $4,000 in year 2
Best for
Travel-focused users who can use the annual travel credit naturally.
Watch out
The full bonus is staged into the second year, and Amex acceptance and surcharges still vary by merchant.
Altitude RewardsAltitude Rewards Black
Up to 200,000 Altitude Rewards Points
Annual fee
$200 first year, then $295 p.a.
Min. spend
$12,000 per year (staged)
Best for
Flexible rewards users who prefer bank points over a single airline program.
Watch out
Headline bonus is staged across two years and requires ongoing spend.
ANZ RewardsRewards Black
Up to 180,000 ANZ Reward Points + $100 back
Annual fee
$375 p.a.
Min. spend
$5,000 in 3 months
Best for
Flexible rewards collectors not tied to a single airline program.
Watch out
ANZ Rewards Points need conversion to fly — check transfer rates before applying.
NAB RewardsRewards Signature
Up to 110,000 NAB Rewards Points
Annual fee
Monthly fee (may be waived)
Min. spend
$5,000 in 90 days for first bonus
Best for
People who want uncapped NAB Rewards rather than airline-only points.
Watch out
NAB Rewards Points cannot be transferred to Qantas Points.
Ultimate Awards
Up to $900 in travel credits
Annual fee
$35/month, $0 if you spend $4,000 in the statement period
Min. spend
$9,000 in 90 days
Best for
CommBank customers who travel, spend enough to waive the monthly fee, and value bundled travel perks.
Watch out
Monthly fee only disappears if you hit the spend hurdle, and the headline credit is staged across 12+ months.
Amplify RewardsAmplify Signature
Up to 200,000 Amplify Points
Annual fee
$199 first year, then $295 p.a.
Min. spend
$12,000 in year 1, then $12,000 in year 2
Best for
BankSA and St.George customers wanting flexible bank rewards.
Watch out
The full headline bonus is spread across two years and needs large ongoing spend.
General information only
Early access
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