Australia’s Top 5 Rewards Credit Card Offers in 2020

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

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

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

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

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

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.