Reward Cards

With a variety of interest rate offers available, more people are looking for other credit card features that may benefit them. Reward programs are an enticing perk that can inject more value into your everyday spending, so take a look at some of your options below!

Select cards to compare
Bonus Points
Points Per $ Spent
Annual Fee
Bonus Points 115,000
Points Per $ Spent 2.5
Annual Fee $270 p.a.
Unlimited visits to over 800 airport lounges through LoungeKey, just by showing your World Mastercard
Bonus Points 100,000
Points Per $ Spent 1
Annual Fee $395 p.a.
Earn 100,000 bonus Qantas Points on a new NAB Qantas Rewards Signature Card*. Min $4,000 spend in first 60 days.
Bonus Points 100,000
Points Per $ Spent 1.25
Annual Fee $295 p.a.
Earn 100,000 Bonus Points on a new NAB Rewards Signature Card*. Min $4,000 spend in first 60 days.
Bonus Points 90,000
Points Per $ Spent 0.75
Annual Fee $279 p.a.
Earn 90,000 bonus Qantas or Amplify points - when you spend $4,000 on a new card within 90 days of card approval.
Bonus Points 90,000
Points Per $ Spent 0.75
Annual Fee $279 p.a.
Earn 90,000 bonus Qantas or Amplify points - when you spend $4,000 on a new card within 90 days of card approval
Bonus Points 90,000
Points Per $ Spent 0.75
Annual Fee $279 p.a.
Earn 90,000 bonus Qantas or Amplify points - when you spend $4,000 on a new card within 90 days of card approval.
Bonus Points 80,000
Points Per $ Spent 1
Annual Fee $1,200 p.a.
Receive 80,000 Membership Rewards Points when you apply online, are approved and spend $1,500 on your Card within the first 3 months of Card Membership.
Bonus Points 80,000
Points Per $ Spent 1.25
Annual Fee $250 p.a. for 12 months

reverts to $395 p.a.

Earn 80,000 bonus Qantas or Altitude Points when you spend $5,000 on eligible purchases with a new Altitude Black credit card within 90 days of card approval. Exclusions apply.
Bonus Points 75,000
Points Per $ Spent 2
Annual Fee $160 p.a.
75,000 annual bonus points every single year (Min spend, T&Cs apply)
Bonus Points 75,000
Points Per $ Spent 1
Annual Fee $0 p.a. for 12 months

reverts to $425 p.a.

75,000 bonus Qantas Points when you spend $2,500 on eligible purchases in the first 3 months + no annual fee for the first year.

What are credit card rewards?

Lenders offer credit card rewards to help you get more from your spending. These rewards come in the form of points, which can then be used to secure discounts and/or complimentary items.

The more you spend with your credit card, the more points or rewards you can accumulate. Additionally, you can score a lump sum of points when you apply for certain new cards. There’s no reason to not reap the rewards, so let’s learn a little more about these cards.

Types of reward programs

There is a variety of reward programs out there that suit all kinds of spending habits. Are you a traveller looking to go the extra distance for frequent flyer points? Are you looking for returns on your day-to-day shopping and expenses; at the supermarket or the petrol pump? Or are you seeking complimentary insurances to accompany your new card?

We have detailed the most common types of reward programs to look out for when comparing your credit card options.

  • Retail rewards: Everyday spending is where you’ll tally the most points. Potentially, you can earn extra points when you buy from certain retail brands or shop at preferred stores.
  • Supermarket rewards: Earn rewards for purchases made at your favourite supermarket.
  • Petrol rewards: Earn rewards for refuelling your vehicle. In return, you’ll be eligible for fuel vouchers or discounts at the pump.
  • Frequent Flyer rewards: Earn rewards towards your preferred Airline Frequent Flyer program.
  • Cash back rewards: Accrue points which you can use to redeem cash back.

The pros and cons

The idea that you’ll receive rewards for your spending almost sounds too good to be true. No doubt you’re probably wondering, “What’s the catch?”

To make sure you get the best deal out there, here are the important considerations you should make when comparing rewards programs.

Interest rates

Make sure you take into consideration any interest rates you could be charged. Will your charged interest outweigh the rewards you accumulated?

Does the card also offer interest-free days? Without those, will you be paying more for your purchase from the moment you use your card? Once you find out the details, take into account how your interest-free days affect the rewards you gain from purchases.

Annual fee

Will you be charged an annual fee? Depending on the type of reward program you choose, you should expect one with your card, so make sure it’s something you’re comfortable paying before applying.

Repayment cycle

What are the repayment options on offer? If you haven’t paid off the balance by the time the repayment is due, the interest accrued might outweigh the rewards gained.

Reward value

How much will you need to spend before you can claim your rewards? Is it more than you think you’ll spend in a month/year? If it is, you might be better off looking at a lower interest rate and using the savings made in place of the rewards. Additionally, the points expire after a long period of inactivity on the card, limiting your opportunities to use them in the future.

Ready to compare your options? Find the right card with the right rewards program today.