Australia’s Top 5 Rewards Credit Card Offers in 2020
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Australia’s Top 5 Rewards Credit Card Offers in 2020

Katie Douglass

Katie Douglass

26/03/2021 • 6 minute read

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Whether it’s frequent flyer miles, a gift card, or cashback on your groceries, a rewards credit card can be a handy way to benefit from your spending. While earning rewards points on everyday purchases, bills, and groceries can be a pretty sweet deal, it can be tricky to find the right card with the right rewards program. To help you find a great deal, we’ve done some research and put together the top five rewards credit card offers in Australia as of 2020.

Please note, the information shown in the following list reflects the current rates offered by financial providers. Products are ranked by bonus rewards points as of October 2020. Ensure you check upfront with your credit card provider to further understand if their product meets your needs.

1. St. George Amplify Signature

  • Annual fee: $139 for the first year, $279 thereafter
  • Purchase interest rate: 19.74% p.a.
  • Interest-free period: 55 days
  • Minimum credit limit: $15,000
  • Minimum income required: N/A

Ideal for avid travellers, the St. George Amplify Signature card offers 200,000 bonus points that you can trade in for flights. Plus, the card features plenty of travel-friendly benefits including free airport lounge visits, membership to Visa’s Luxury Hotel Collection, and complimentary travel insurance.

Points per $1 spend
  • 1.5 points uncapped on eligible purchases
Bonus points
  • 200,000 bonus points when you spend $12,000 or more each year
What your points could get you
  • 212,000 points = Sydney to London flight
  • 22,2000 points = $100 gift card
Extra benefits
  • x2 complimentary Priority Pass lounge visits each year
  •  Free membership to Visa’s Luxury Hotel Collection
  • 24/7 concierge service
  • Free overseas travel insurance
  • Purchase protection

2. Westpac Altitude Black

  • Annual fee: $250 p.a.
  • Purchase interest rate: 20.49% p.a.
  • Interest-free period: 45 days
  • Minimum credit limit: $15,000
  • Minimum income required: $75,000 p.a.

For those who like to shop big at major retailers including David Jones, Myer, and THE ICONIC, you might want to consider maximising your spend with the Westpac Altitude Black card. You can also earn uncapped points if you regularly use Uber, Uber Eats, Airbnb, and Spotify. Earning points while listening to your favourite tunes and eating the best burger in town? Sign us up!

Points per $1 spend
  • 2 points uncapped on purchases at David Jones, Myer, THE ICONIC, Spotify, Airbnb, Uber, and Uber Eats
  • 1.25 points uncapped on eligible purchases
  • 6 points uncapped on the first $10,000 spent on flights purchased in Australia
Bonus points
  • 150,000 bonus points when you spend $4,000 or more on eligible purchases within 90 days of card approval
What your points could get you
  • 212,000 points = Sydney to Melbourne flight
  • 24,100 points = $100 gift card
  • 20,000 points = $100 cash
Extra benefits
  • x2 complimentary Priority Pass lounge visits each year
  • Free international travel insurance
  • 24/7 concierge service

3. ANZ Rewards Black

  • Annual fee: $375 p.a.
  • Purchase interest rate: 20.24% p.a.
  • Interest-free period: 55 days
  • Minimum credit limit: $15,000
  • Minimum income required: N/A

Rewards lovers will be able to get great value from the ANZ Rewards Black card. With an annual fee of $375, you can enjoy 150,000 bonus points when you spend $4,000 on eligible purchases. Plus, if you want to earn points fast, you can buy up to nine additional cardholders for $65 each.

Points per $1 spend
  • 2 points uncapped on eligible purchases up to $5,000
  • 1 point uncapped on eligible purchases above $5,000
Bonus points
  • 150,000 bonus points when you spend $4,000 on eligible purchases
  • 130,000 bonus points and $150 cash back when you spend $2,000 on eligible purchases within the first 3 months of approval
What your points could get you
  • 212,000 points = Sydney to London return flight
  • 25,000 points = $100 cash
  • 22,225 points = $100 gift card
Extra benefits
  • Get x9 additional cardholders at $65 each
  • Free international travel insurance
  • Free interstate flight inconvenience insurance
  • Free transit accident insurance
  • Free purchase protection
  • Free extended warranty insurance
  • Complimentary access to Exclusives by ANZ
  • 24/7 personal concierge service
  • 24/7 personal concierge service

4. NAB Rewards Signature Card

  • Annual fee: $295 for the first year, $395 thereafter
  • Purchase interest rate: 19.99% p.a.
  • Interest-free period: 44 days
  • Minimum credit limit: $15,000
  • Minimum income required: N/A


For the money-savvy, the NAB Rewards Signature card is an easy way to earn points on your everyday purchases. For this card, you can earn 2.5 points uncapped for every dollar spent at major department stores. Plus, you can earn 90,000 bonus points when you spend $3,000 on purchases within a month of opening your account. The card offers extra benefits including NAB’s 24/7 concierge service, Visa’s Entertainment program, and complimentary overseas travel insurance.

Points per $1 spend
  • 3.75 points uncapped on Webjet purchases via NAB Rewards store and Webjet.com.au
  • 2.5 points uncapped on purchases at major department and hardware stores including Myer, David Jones, Kmart, Target, Big W, Bunnings, and Mitre 10
  • 1.25 points uncapped on all other everyday purchases
Bonus points
  • 120,000 bonus points
  • 90,000 bonus points when you spend $3,000 on purchases within first 60 days of opening your account
  • 30,000 bonus points if you keep the card for more than 12 months
What your points could get you
  • 239,200 points = Sydney to London return flight
  • 19,240 points = $100 gift card
  • 15,600 points = Sydney to Melbourne one way flight
  • 40,000 points = $100 cash
Extra benefits
  • NAB 24/7 concierge service
  • Visa Premium Access
  • Free overseas travel insurance
  • Free domestic hotel burglary insurance
  • Free transport accident insurance
  • Free interstate flight inconvenience insurance
  • Free extended warranty insurance
  • Free price protection insurance

5. Coles Rewards Mastercard

  • Annual fee: $99 p.a.
  • Purchase interest rate: 19.99% p.a.
  • Interest-free period: 55 days
  • Minimum credit limit: $2,000
  • Minimum income required: $25,000 p.a.


Make your groceries count with the Coles Rewards Mastercard, an affordable credit card option that only requires a $25,000 minimum income and offers 2 Flybuys points for every dollar spent. While the rewards credit card doesn’t offer bonus points, it comes with some handy extra benefits including no foreign transaction fees, 24/7 worldwide concierge service, and purchase protection on eligible items.

Points per $1 spend
  • 2 Flybuys points uncapped on general purchases
Bonus points
  • N/A
What your points could get you
  • 274,943 points = Sydney to London return flight
  • 20,000 points = $100 gift card
  • 17,931 points = Sydney to Melbourne one way flight
  • 2,000 points = $10 off your Coles order
Extra benefits
  • No foreign transaction fees on international transactions
  • Complimentary access to 24/7 worldwide concierge service
  • Worldwide purchase protection

Oiyo is a consolidated online resource, we are not financial advisors. We work with a range of industry professionals and compliance check our articles to ensure factual accuracy. However, we do not provide professional financial advice. Consider seeking independent legal, financial, taxation or other advice to check how the information and ideas presented in this article relate to your unique circumstances.

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Katie Douglass

Written by Katie Douglass

Katie Douglass is the Communications Manager at Oiyo and a writer. In recent years, Katie's work has appeared in publications such as Marie Claire, InStyle, and THE ICONIC. She has a Bachelor of Creative Industries in Fashion Communication & Journalism from the Queensland University of Technology. At Oiyo, Katie is responsible for overseeing editorial strategy.

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